Chemed Corp (CHE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Chemed Corp stock $426, price $528, that is 19.4% below the price, quality 77 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $368.09 – $644.44 · fair‑value band $297.87 – $533.57 · the $528.05 price screens above the $425.63 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Chemed Corporation provides hospice and palliative care services to patients through a network of physicians, doctors, registered nurses, home health aides, social workers, clergy, and volunteers primarily in the United States.
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The company operates through two segments: VITAS and Roto-Rooter segments. The company offers plumbing, drain cleaning, excavation, water restoration, and other related services to residential and commercial customers through company-owned branches, independent contractors, and franchisees.
The company also provides direct medical services to patients, as well as spiritual and emotional counseling to both patients and their families. Chemed Corporation was incorporated in 1970 and is headquartered in Cincinnati, Ohio.
Stock analysis
Chemed Corp (CHE) currently trades at $528.05, while our model-based Fair Value estimate is $425.63, 19% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $459.78 per share, and 0 of the 26 models we run sit above the $528.05 price.
Bear case: the Dividend Discount group reads lowest at $44.92, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: $297.87 (bear) to $533.57 (bull), the price of $528.05 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 77/100 (high quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Chemed Corp reported revenue of $2.5B in FY2025 versus $2.1B in FY2021, a compound +4.3%/yr. Reported net income was $265M in FY2025, compounding −0.3%/yr from FY2021.
Key figures
Market cap $7.1B Mid · P/E ratio 26.6 · P/S ratio 2.73 · EPS (TTM) $19.88 · Dividend yield 0.5% · Net margin 10.6% · Return on equity 27.1% · Return on assets (EBIT) 22.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 4% below its 52-week high and 43% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −1% fair-value upside, at −19%, CHE screens richer than that median.
Fair Value models
Bear$297.87Fair Value $425.63Bull$533.57
Price $528.05 · Downside -19.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($14.94 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 5 officers or directors sold shares worth $7.2M and none bought.
SaleKevin J McNamarapresident and CEO, Director9× since Nov 24, 2025: 17,500 shares, avg. $476.84$8.3MNov 3, 2026
SaleSpencer S Leeexecutive vice president2× since Aug 21, 2026: 1,920 shares, avg. $539.19$1.0MNov 2, 2026
SalePatrick P GraceDirector2× since May 8, 2026: 250 shares, avg. $506.51$126,627Jul 31, 2026
SaleAndrea R LindellDirector1,347 shares at $447.33$602,554Jun 9, 2026
SaleGeorge J Walsh IIIDirector500 shares at $437.83$218,915May 29, 2026
Plus 12 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.76/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.0%
Start year 2020 (pandemic). Over 10 years: +5.1% a year
Revenue growth 40 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+2.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.8%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1.8% vs 11.3%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.19% → 13%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+7.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+6.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +5.3% a year for the price and +3.6% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: Moderate profitability metrics point to moat potential in the combined hospice and plumbing operations, yet thin evidence overall and healthcare regulation limit durability.
Main risk: Increased regulatory audits, repayment demands and investigations into admission practices could force VITAS to repay funds, limit enrollments or face penalties, squeezing hospice margins and revenue.
Bull case: VITAS could navigate Medicare reviews through stricter compliance and efficiency gains while Roto-Rooter diversifies lead sources beyond search engines to stabilize acquisition costs.
Bear case: Persistent regulatory actions or cap limitations could materially reduce VITAS revenue and margins while ongoing search algorithm pressures keep Roto-Rooter acquisition costs elevated, limiting overall cash flow stability.
Chemed runs a large hospice business reimbursed mostly by Medicare alongside the dominant national brand in plumbing and drain services. One segment expands with demographics but contends with reimbursement limits and oversight, while the other tracks housing turnover and local demand more closely. Does this pairing stabilize cash flows across cycles, or does it complicate execution in two unrelated fields?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Medical Care Facilities · 233 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score77 · Top 25%
Fair Value upside−19.4% · Below median
Profitability
Return on equity (12 months)27.1% · Top 25%
Return on assets16.2% · Top 25%
Net margin (12 months)10.6% · Above median
Operating margin (12 months)13.3% · Above median
Growth and dividend
Revenue growth (quarter YoY)8.8% · Above median
Dividend yield (12 months)0.5% · Bottom 25%
Valuation Multiplesvs Medical Care Facilities median · lower = cheaper
P/E (12 months)26.6× · Pricier than median
P/B7.24× · Priciest 25%
P/S (12 months)2.73× · Priciest 25%
Price / free cash flow (fiscal year)21.8× · Pricier than median
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Cite: Fair Value Calculator (2026). "Chemed Corp Fair Value". https://www.fairvalue-calculator.com/stock/CHE
Frequently asked questions
Is Chemed Corp (CHE) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of $425.63 versus a price of $528.05, about 19% lower (overvalued).
What is the fair value of CHE?
Our model-based fair value for Chemed Corp is $425.63 (as of Nov 7, 2026), built from audited fundamentals. The current price: $528.05.
What is the quality score of CHE?
Chemed Corp has a Quality Score of 77/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Chemed Corp (CHE)?
Our model-based price target is the fair value of $425.63 (as of Nov 7, 2026) from 26 valuation models. Cautious scenario $297.87, optimistic scenario $533.57. It is a calculation from audited fundamentals, not an analyst target.
What is the Chemed Corp stock forecast for 2026?
Our models put fair value at $425.63, about 19% lower versus a price of $528.05 (overvalued). Cautious scenario $297.87, optimistic scenario $533.57. The calculation is refreshed regularly with new filings.
What is the revenue of Chemed Corp (CHE)?
Chemed Corp reported trailing-twelve-month revenue of about $2.6B (latest available figure, as of Nov 7, 2026).
Does Chemed Corp pay a dividend?
Chemed Corp currently shows a dividend yield of 0.45% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Chemed Corp (CHE) and when is the ex-dividend date?
Chemed Corp pays a dividend of $2.40 per share a year, a dividend yield of 0.5%. The last ex-dividend date was Aug 17, 2026. A dividend has been paid every year since at least 1985. The payout ratio is 12.1% of earnings. Free cash flow covers the dividend 10.38 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Chemed Corp (CHE)?
For today's price to be fair in a discounted-cash-flow model, Chemed Corp would have to grow free cash flow by +7.8 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.0 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CHE use?
Our models discount Chemed Corp at 8.5 %: a base by market capitalisation (mid), damped by beta 0.51, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Chemed Corp that is +7.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Chemed Corp (CHE) delivered so far?
Over the past 5 years revenue at Chemed Corp grew +4.0 % a year. The price currently implies free-cash-flow growth of +7.8 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Chemed Corp (CHE) growing?
The median revenue growth in the sector is +6.2 % a year. That is the yardstick for the growth priced into Chemed Corp (+7.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chemed Corp (CHE)?
The free-cash-flow yield on the price is 4.59 %: that much free cash flow Chemed Corp produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chemed Corp (CHE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chemed Corp it is $425.63 per share (as of Nov 7, 2026), against a price of $528.05. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Chemed Corp stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CHE trades above its calculated fair value: price $528.05, fair value $425.63, a gap of about −19% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of CHE?
No. The price is what the market pays today ($528.05); the fair value is what the company's own numbers justify ($425.63). For Chemed Corp the two are $102.42 per share apart. That gap is exactly why we show both numbers side by side.
How much is Chemed Corp worth?
The market values Chemed Corp at about $7.1B (market capitalisation, as of Nov 7, 2026). Per share that is $528.05; our models calculate a fair value of $425.63 per share.
What do the bullish and bearish scenarios say about CHE?
Our models span a range for Chemed Corp: cautious scenario $297.87, base $425.63, optimistic $533.57 per share (as of Nov 7, 2026, price $528.05). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CHE?
Chemed Corp trades at a price-to-earnings ratio of 26.6 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $425.63 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 29.1. Other multiples: PEG 1.9, P/B 7.2, P/S 2.7, EV/EBITDA 16.8.
What is the PEG ratio of CHE?
The PEG ratio of Chemed Corp is 1.86 (P/E divided by earnings growth, as of Nov 7, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Chemed Corp (CHE)?
Balance-sheet figures for Chemed Corp (as of Nov 7, 2026): return on equity 27.1%. They feed the Quality Score of 77/100, which measures business quality independently of the share price.
How far is CHE from its 52-week high?
Chemed Corp trades at $528.05, about 4% below its 52-week high of $552.72 and 43% above the low of $368.09 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of $425.63 is for.
Which stocks are comparable to Chemed Corp?
From the same area (Healthcare) we also value HCA Healthcare, Inc, Fresenius SE, Tenet Healthcare Corporation, Dr. Sulaiman Al Habib Medical Services Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Chemed Corp stock attractive at the current price?
The data as of Nov 7, 2026: price $528.05, calculated fair value $425.63 (−19%), Quality Score 77/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of CHE calculated?
We run Chemed Corp through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of $425.63 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Chemed Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Chemed Corp (CHE)?
The closing price on Nov 6, 2026 was $528.05. Our model-based fair value is $425.63, about 19% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chemed Corp right now?
A high-quality business (quality 77/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Chemed Corp (CHE) come from?
Earnings per share at Chemed Corp grew +13.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.0 %, EBIT margin +2.5 %, tax rate +2.4 %, residual (interest, one-offs) +0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Chemed Corp
How large is the market capitalisation of Chemed Corp (CHE)?
The market capitalisation of Chemed Corp is $7.1B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Chemed Corp (CHE)?
The price-to-sales ratio of Chemed Corp is 2.73 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chemed Corp (CHE)?
Earnings per share at Chemed Corp are $19.88 (price ÷ EPS = P/E 26.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chemed Corp (CHE)?
The dividend yield of Chemed Corp is 0.5% (payout 12.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Chemed Corp (CHE)?
The net margin of Chemed Corp is 10.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Chemed Corp (CHE)?
The return on equity (ROE) of Chemed Corp is 27.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Chemed Corp (CHE)?
On an EBIT basis the return on assets of Chemed Corp is 22.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Chemed Corp (CHE)?
The operating margin of Chemed Corp is 13.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chemed Corp (CHE)?
Revenue at Chemed Corp is growing +8.8% versus a year earlier (3y avg +5.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Chemed Corp (CHE)?
Earnings per share at Chemed Corp are growing +43.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Chemed Corp (CHE) carry?
The net debt of Chemed Corp is $80.2M (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 7, 2026