McKesson Corporation (MCK) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of McKesson Corporation stock $823, price $1,072, that is 23.3% below the price, quality 67 out of 100. Rating: overvalued. Calculated from audited financials with 23 of our 26 valuation models and 37 quality factors, updated daily.
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McKesson Corporation
MCK · USOur calculation puts a fair price 23% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $189.66 – $1,072 · fair‑value band $607.10 – $1,038 · the $1,072 price screens above the $822.74 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Company profile
McKesson Corporation provides healthcare services in the United States and internationally. It operates through four segments: North American Pharmaceutical, Oncology & Multispecialty, Prescription Technology Solutions, and Medical-Surgical Solutions.
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The company distributes branded, generic, specialty, biosimilar and over-the-counter pharmaceutical drugs, and other healthcare-related products; delivers products to retail pharmacies, hospitals, long-term care centers, clinics, and institutions; and provides logistics and distribution services for manufacturers.
It also provides consulting, outsourcing, technological, and other services, as well as sells financial, operational, and clinical solutions to pharmacies; gene therapy with InspiroGene, practice consulting, and vaccine distribution services; and technology solutions, as well as research, insights, technologies, and services to improve cancer and specialty care.
In addition, the company helps in solving medication access, affordability, and adherence challenges for patients by working across healthcare to connect patients, pharmacies, providers, pharmacy benefit managers, health plans, and biopharma companies.
Further, it offers technology services, which includes electronic prior authorization, prescription price transparency, benefit insight, dispensing support services, patient enrollment, third-party logistics, and wholesale distribution support; medical-surgical supplies, laboratory equipment, pharmaceutical distribution, logistics, and other services to healthcare providers, including physician offices, surgery centers, and hospital reference labs, nursing homes, hospice and home health care agencies, government facilities ,and online marketplaces and retailers.
McKesson Corporation was founded in 1833 and is headquartered in Irving, Texas.
Stock analysis
McKesson Corporation (MCK) currently trades at $1,072, while our model-based Fair Value estimate is $822.74, 23% 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 $1,031 per share, and 4 of the 23 models we run sit above the $1,072 price.
Bear case: the Earnings-Based group reads lowest at $392.51, and 19 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: $607.10 (bear) to $1,038 (bull), the price of $1,072 sits above 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 67/100 (solid quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
McKesson Corporation reported revenue of $403B in FY2026 versus $264B in FY2022, a compound +11.2%/yr. Reported net income was $4.8B in FY2026, compounding +43.8%/yr from FY2022.
Key figures
Market cap $133B Large · P/E ratio 27.7 · P/S ratio 0.32 · EPS (TTM) $38.77 · Dividend yield 0.3% · Net margin 1.1% · Return on assets (EBIT) 6.2% · Operating margin 1.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 48% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at 32% fair-value upside, at −23%, MCK screens richer than that median.
Fair Value models
All 23 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, 7 officers or directors sold shares worth $25.4M and none bought.
- SaleFrancisco FragaEVP, CIO and CTO2× since Oct 15, 2026: 1,400 shares, avg. $1,019$1.4MNov 4, 202610b5-1 plan
- SaleNapoleon B Rutledge JRSVP, Controller & CAO4× since Nov 7, 2025: 901 shares, avg. $884.88$797,279Sep 8, 202610b5-1 plan
- SaleBradley E LermanDirector301 shares at $892.33$268,591Aug 10, 2026
- SaleBrian S. TylerChief Executive Officer, Director3× since Jun 9, 2026: 21,855 shares, avg. $779.53$17.0MJul 7, 202610b5-1 plan
- SaleThomas L RodgersEVP, Chief Strategy & BDO3× since Jan 5, 2026: 3,486 shares, avg. $759.37$2.6MJun 2, 202610b5-1 plan
- SaleLeAnn B SmithEVP & Chief HR Officer2× since Feb 17, 2026: 2,000 shares, avg. $755.40$1.5MJun 1, 202610b5-1 plan
- SaleMichele LauEVP and Chief Legal Officer3× since Feb 11, 2026: 6,578 shares, avg. $863.85$5.7MMay 26, 202610b5-1 plan
- SaleMaria MartinezDirector349 shares at $939.87$328,015Feb 19, 2026
Plus 31 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.
Source: SEC Form 4, as of Nov 5, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
MCK screens overvalued: fair value 23% below the price. Compare with Cencora, Inc →
Recent news
- Stay Ahead of the Game With McKesson (MCK) Q2 Earnings: Wall Street's Insights on Key Metrics
- Earnings Uncertainty Might Change The Case For Investing In McKesson Stock
- McKesson (MCK) Stock Could Be 43% Undervalued Despite Strong Cash Flow Doubts
- McKesson (MCK) Earnings Expected to Grow: Should You Buy?
Compare McKesson Corporation with another stock
Price, fair value, quality and upside side by side.
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 Distribution · 76 stocks
Valuation Multiplesvs Medical Distribution median · lower = cheaper
Strength profile in five axes (Snowflake)
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Revenue growth by industry
- PEG ratio by industry
- Stock screener with 62 metrics
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Medical Distribution stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Sinopharm Group 1099 | HK$16.97 | HK$50.91 | +200% | vs MCK |
| Jointown Pharmaceutical Group 600998 | ¥5.25 | ¥11.56 | +120% | vs MCK |
| Shanghai Pharmaceuticals Holding 601607 | ¥16.81 | ¥35.78 | +113% | vs MCK |
| China National Medicines Corporation 600511 | ¥28.99 | ¥58.47 | +102% | vs MCK |
| Guangzhou Baiyunshan Pharmaceutical Holdings 600332 | ¥20.17 | ¥26.64 | +32% | vs MCK |
| Cencora, Inc COR | $339.68 | $341.58 | +1% | vs MCK |
| Henry Schein, Inc HSIC | $85.31 | $78.05 | −9% | vs MCK |
| Galenica AG GALE | CHF 90.65 | CHF 61.79 | −32% | vs MCK |
| Cardinal Health, Inc CAH | $267.82 | $162.84 | −39% | vs MCK |
| Asker Healthcare Group ASKER | kr 75.60 | kr 28.26 | −63% | vs MCK |
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