Elevance Health Stock Book Value Per Share

ELV Stock

USD 519.19 2.22 0.43%

Elevance Health fundamentals help investors to digest information that contributes to Elevance Health's financial success or failures. It also enables traders to predict the movement of Elevance Stock. The fundamental analysis module provides a way to measure Elevance Health's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Elevance Health stock.

	Last Reported	Projected for Next Year
Book Value Per Share	166.62	174.95
Tangible Book Value Per Share	16.17	16.98

Book Value Per Share is likely to climb to 174.95 in 2024. Tangible Book Value Per Share is likely to climb to 16.98 in 2024.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Elevance Health Company Book Value Per Share Analysis

Elevance Health's Book Value per Share (B/S) can be calculated by subtracting liabilities from assets, and then dividing it by the total number of currently outstanding shares. It indicates the level of safety associated with each common share after removing the effects of liabilities. In other words, a shareholder can use this ratio to see how much he or she can sell the stake in the company in the event of a liquidation.

Book Value per Share

Common Equity

Average Shares

More About Book Value Per Share | All Equity Analysis

Current Elevance Health Book Value Per Share

174.62 X

Most of Elevance Health's fundamental indicators, such as Book Value Per Share, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Elevance Health is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Elevance Book Value Per Share Driver Correlations

Understanding the fundamental principles of building solid financial models for Elevance Health is extremely important. It helps to project a fair market value of Elevance Stock properly, considering its historical fundamentals such as Book Value Per Share. Since Elevance Health's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Elevance Health's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Elevance Health's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Total Liab	Retained Earnings	Accounts Payable	Long Term Debt	Short Term Investments	Intangible Assets	Property Plant Equipment	Net Receivables	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Good Will	Deferred Long Term Liab	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Capital Stock
Total Assets		0.99	0.93	0.84	0.81	0.79	0.98	0.98	0.9	0.76	0.76	0.75	0.58	0.09	0.77	0.98	0.43	0.2	0.94	-0.7	0.59	0.0	0.67	0.68	-0.58
Total Stockholder Equity	0.99		0.92	0.84	0.8	0.76	0.96	0.97	0.94	0.74	0.73	0.71	0.6	0.23	0.82	0.98	0.44	0.15	0.91	-0.69	0.53	-0.04	0.61	0.63	-0.52
Net Debt	0.93	0.92		0.73	0.68	0.68	0.97	0.87	0.89	0.6	0.61	0.62	0.63	0.19	0.74	0.95	0.59	0.01	0.82	-0.7	0.39	0.13	0.42	0.45	-0.38
Total Liab	0.84	0.84	0.73		0.98	0.97	0.82	0.81	0.81	0.96	0.96	0.95	0.47	0.04	0.84	0.87	0.43	0.33	0.9	-0.85	0.82	0.02	0.69	0.83	-0.77
Retained Earnings	0.81	0.8	0.68	0.98		0.97	0.78	0.77	0.73	0.99	0.99	0.96	0.5	-0.04	0.76	0.82	0.32	0.47	0.91	-0.82	0.85	-0.02	0.73	0.88	-0.8
Accounts Payable	0.79	0.76	0.68	0.97	0.97		0.78	0.74	0.7	0.97	0.97	0.99	0.4	-0.12	0.75	0.8	0.44	0.45	0.87	-0.84	0.84	0.02	0.72	0.86	-0.79
Long Term Debt	0.98	0.96	0.97	0.82	0.78	0.78		0.93	0.89	0.72	0.72	0.74	0.58	0.1	0.76	0.98	0.53	0.16	0.9	-0.73	0.51	0.08	0.59	0.59	-0.5
Short Term Investments	0.98	0.97	0.87	0.81	0.77	0.74	0.93		0.89	0.73	0.72	0.7	0.49	0.08	0.77	0.94	0.4	0.17	0.93	-0.63	0.59	-0.03	0.7	0.69	-0.6
Intangible Assets	0.9	0.94	0.89	0.81	0.73	0.7	0.89	0.89		0.65	0.64	0.63	0.5	0.43	0.91	0.95	0.58	-0.13	0.79	-0.7	0.44	0.04	0.41	0.47	-0.41
Property Plant Equipment	0.76	0.74	0.6	0.96	0.99	0.97	0.72	0.73	0.65		0.99	0.97	0.41	-0.13	0.71	0.76	0.28	0.53	0.88	-0.76	0.89	-0.03	0.78	0.93	-0.84
Net Receivables	0.76	0.73	0.61	0.96	0.99	0.97	0.72	0.72	0.64	0.99		0.98	0.46	-0.16	0.71	0.75	0.28	0.5	0.88	-0.82	0.89	0.01	0.76	0.91	-0.84
Total Current Assets	0.75	0.71	0.62	0.95	0.96	0.99	0.74	0.7	0.63	0.97	0.98		0.37	-0.19	0.69	0.75	0.42	0.51	0.85	-0.79	0.86	0.0	0.76	0.89	-0.82
Short Term Debt	0.58	0.6	0.63	0.47	0.5	0.4	0.58	0.49	0.5	0.41	0.46	0.37		0.11	0.34	0.59	0.01	0.13	0.58	-0.48	0.31	-0.2	0.21	0.31	-0.28
Common Stock	0.09	0.23	0.19	0.04	-0.04	-0.12	0.1	0.08	0.43	-0.13	-0.16	-0.19	0.11		0.48	0.21	0.22	-0.56	-0.08	-0.13	-0.44	0.0	-0.39	-0.4	0.5
Current Deferred Revenue	0.77	0.82	0.74	0.84	0.76	0.75	0.76	0.77	0.91	0.71	0.71	0.69	0.34	0.48		0.84	0.57	-0.11	0.72	-0.82	0.46	0.17	0.4	0.48	-0.41
Good Will	0.98	0.98	0.95	0.87	0.82	0.8	0.98	0.94	0.95	0.76	0.75	0.75	0.59	0.21	0.84		0.54	0.11	0.91	-0.76	0.54	0.04	0.56	0.61	-0.52
Deferred Long Term Liab	0.43	0.44	0.59	0.43	0.32	0.44	0.53	0.4	0.58	0.28	0.28	0.42	0.01	0.22	0.57	0.54		-0.14	0.26	-0.41	0.14	0.13	0.05	0.11	-0.12
Net Tangible Assets	0.2	0.15	0.01	0.33	0.47	0.45	0.16	0.17	-0.13	0.53	0.5	0.51	0.13	-0.56	-0.11	0.11	-0.14		0.35	-0.11	0.52	-0.33	0.57	0.64	-0.49
Long Term Debt Total	0.94	0.91	0.82	0.9	0.91	0.87	0.9	0.93	0.79	0.88	0.88	0.85	0.58	-0.08	0.72	0.91	0.26	0.35		-0.74	0.76	0.0	0.8	0.84	-0.75
Capital Surpluse	-0.7	-0.69	-0.7	-0.85	-0.82	-0.84	-0.73	-0.63	-0.7	-0.76	-0.82	-0.79	-0.48	-0.13	-0.82	-0.76	-0.41	-0.11	-0.74		-0.56	-0.35	-0.42	-0.54	0.5
Long Term Investments	0.59	0.53	0.39	0.82	0.85	0.84	0.51	0.59	0.44	0.89	0.89	0.86	0.31	-0.44	0.46	0.54	0.14	0.52	0.76	-0.56		-0.06	0.76	0.95	-0.99
Short Long Term Debt	0.0	-0.04	0.13	0.02	-0.02	0.02	0.08	-0.03	0.04	-0.03	0.01	0.0	-0.2	0.0	0.17	0.04	0.13	-0.33	0.0	-0.35	-0.06		-0.11	-0.11	0.07
Cash And Equivalents	0.67	0.61	0.42	0.69	0.73	0.72	0.59	0.7	0.41	0.78	0.76	0.76	0.21	-0.39	0.4	0.56	0.05	0.57	0.8	-0.42	0.76	-0.11		0.89	-0.79
Net Invested Capital	0.68	0.63	0.45	0.83	0.88	0.86	0.59	0.69	0.47	0.93	0.91	0.89	0.31	-0.4	0.48	0.61	0.11	0.64	0.84	-0.54	0.95	-0.11	0.89		-0.95
Capital Stock	-0.58	-0.52	-0.38	-0.77	-0.8	-0.79	-0.5	-0.6	-0.41	-0.84	-0.84	-0.82	-0.28	0.5	-0.41	-0.52	-0.12	-0.49	-0.75	0.5	-0.99	0.07	-0.79	-0.95

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Elevance Book Value Per Share Historical Pattern

Today, most investors in Elevance Health Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Elevance Health's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's book value per share growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Elevance Health book value per share as a starting point in their analysis.

Elevance Health Book Value Per Share

Timeline

The naive approach to look at Book Value per Share is to compare it to current stock price. If Book Value per Share is higher than the currently traded stock price, the company can be considered undervalued. However, investors must be aware that conventional calculation of Book Value does not include intangible assets such as goodwill, intellectual property, trademarks or brands and may not be an appropriate measure for many firms.

Competition

Predict Elevance Health

Book Value Per Share Over Time

Elevance Common Stock Shares Outstanding

Common Stock Shares Outstanding

262.01 Million

At this time, Elevance Health's Common Stock Shares Outstanding is fairly stable compared to the past year.

In accordance with the recently published financial statements, the book value per share of Elevance Health is about 174 times. This is 10372.0% lower than that of the Health Care Providers & Services sector and significantly higher than that of the Health Care industry. The book value per share for all United States stocks is 90.96% higher than that of the company.

Elevance Book Value Per Share Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Elevance Health's direct or indirect competition against its Book Value Per Share to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Elevance Health could also be used in its relative valuation, which is a method of valuing Elevance Health by comparing valuation metrics of similar companies.

Elevance Health is one of the top stocks in book value per share category among related companies.

Elevance Health ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Elevance Health's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Elevance Health's managers, analysts, and investors.

Environmental

Governance

Social

Elevance Fundamentals

	Return On Equity	0.16
	Return On Asset	0.0578
	Profit Margin	0.04 %
	Operating Margin	0.08 %
	Current Valuation	111.47 B
	Shares Outstanding	232.42 M
	Shares Owned By Insiders	0.20 %
	Shares Owned By Institutions	91.30 %
	Number Of Shares Shorted	1.79 M
	Price To Earning	19.27 X
	Price To Book	2.94 X
	Price To Sales	0.68 X
	Revenue	171.34 B
	Gross Profit	40.11 B
	EBITDA	1.74 B
	Net Income	5.99 B
	Cash And Equivalents	7.39 B
	Cash Per Share	150.32 X
	Total Debt	25.12 B
	Debt To Equity	0.66 %
	Current Ratio	1.35 X
	Book Value Per Share	174.62 X
	Cash Flow From Operations	8.06 B
	Short Ratio	1.74 X
	Earnings Per Share	26.49 X
	Price To Earnings To Growth	1.14 X
	Target Price	605.45
	Number Of Employees	104.9 K
	Beta	0.79
	Market Capitalization	121.19 B
	Total Asset	108.93 B
	Retained Earnings	31.75 B
	Annual Yield	0.01 %
	Five Year Return	1.13 %
	Net Asset	108.93 B
	Last Dividend Paid	6.07

About Elevance Health Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Elevance Health's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elevance Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elevance Health based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Elevance Health

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Elevance Health position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Elevance Health will appreciate offsetting losses from the drop in the long position's value.

Moving against Elevance Stock

0.81	CAH	Cardinal Health Fiscal Year End 20th of August 2024	Pair Corr
0.8	SSY	SunLink Health Systems	Pair Corr
0.76	XAIR	Beyond Air Financial Report 27th of June 2024	Pair Corr
0.76	NAOV	NanoVibronix	Pair Corr
0.72	HSCS	Heart Test Laboratories	Pair Corr

The ability to find closely correlated positions to Elevance Health could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elevance Health when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Elevance Health - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Elevance Health to buy it.

The correlation of Elevance Health is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elevance Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elevance Health moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Elevance Health can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Elevance Health is a strong investment it is important to analyze Elevance Health's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Elevance Health's future performance. For an informed investment choice regarding Elevance Stock, refer to the following important reports:

How To Invest In Elevance

Details

Is Elevance Stock a good investment?

Details

What is Elevance Health's Net Worth?

Details

Largest Health Care Providers & Services Companies

View

Largest Health Care Equipment & Services Companies

View

Check out Elevance Health Piotroski F Score and Elevance Health Altman Z Score analysis.

For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.

You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Elevance Stock analysis

When running Elevance Health's price analysis, check to measure Elevance Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.

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	Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators

Is Elevance Health's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Elevance Health. If investors know Elevance will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Elevance Health listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.155

Dividend Share

6.07

Earnings Share

26.49

Revenue Per Share

731.764

Quarterly Revenue Growth

0.01

The market value of Elevance Health is measured differently than its book value, which is the value of Elevance that is recorded on the company's balance sheet. Investors also form their own opinion of Elevance Health's value that differs from its market value or its book value, called intrinsic value, which is Elevance Health's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Elevance Health's market value can be influenced by many factors that don't directly affect Elevance Health's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Elevance Health's value and its price as these two are different measures arrived at by different means. Investors typically determine if Elevance Health is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Elevance Health's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Elevance Health Stock Book Value Per Share

Elevance Health Company Book Value Per Share Analysis

Book Value per Share

Common Equity

Average Shares

Current Elevance Health Book Value Per Share

Elevance Book Value Per Share Driver Correlations

Elevance Book Value Per Share Historical Pattern

Elevance Common Stock Shares Outstanding

Common Stock Shares Outstanding

262.01 Million

Elevance Book Value Per Share Peer Comparison

Elevance Health ESG Sustainability

Elevance Fundamentals

About Elevance Health Fundamental Analysis

Pair Trading with Elevance Health

Moving against Elevance Stock

Complementary Tools for Elevance Stock analysis

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