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STOCK COMPARISON

Cencora vs McKesson: Fair Value & Quality

Both stocks run through our valuation models. Here is how Cencora (COR) and McKesson (MCK) compare, as of Aug 8, 2026.

As of Aug 8, 2026, Fair Value Calculator sees McKesson as the less overvalued of the two: Cencora trades at $325 versus a fair value of $176 (-46%), while McKesson trades at $871 versus $819 (-6%).
Cencora
COR · USD · Health Care
-46%
upside to fair value
overvalued
Price$325
Fair Value$176
Quality57/100
McKesson
MCK · USD · Health Care
-6%
upside to fair value
fairly valued
Price$871
Fair Value$819
Quality65/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

CencoraMcKesson
Valuation
23.1×P/E (TTM)21.0×
0.18×P/S (TTM)0.23×
39.02×P/B
11.7×EV/EBITDA13.9×
0.64×PEG1.57×
0.7%Dividend yield0.4%
$2.30Dividend per share$3.17
Profitability
1%Net margin1%
2%Operating margin2%
107%Return on equity
3%Return on assets5%
Growth
4%Revenue growth (YoY)6%
10.4%Avg. growth/yr (3Y)13.4%
11.1%Avg. growth/yr (5Y)11.1%
Balance & size
5.00×Debt / equity
$59BMarket cap$94B
healthyGrowth qualityhealthy

McKesson leads: 4 to 6 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Cencoraof which business quality 58 · market factors 55 McKessonof which business quality 65 · market factors 63
ProfitabilityMargins and returns on capital today
53
49
Quality GrowthAre margins and returns improving?
40
65
CashflowEarnings quality: real cash, not paper profit
54
47
Fin. StrengthBalance sheet, leverage, solvency risk
42
72
InvestmentDisciplined investing over empire-building
73
76
Low VolatilityCalm price path (market factor)
78
83
MomentumPrice trend over the last 3–12 months (market factor)
41
50
52W MomentumDistance to the 52-week high (market factor)
55
63
Net IssuanceBuybacks instead of dilution
100
100

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Cencora

DCF Models$296
Earnings-Based$122
Dividend Discount$39.53
Multiples$194
Asset-Based$5.19
Growth DCF$347
Economic Profit$131
Growth Earnings$145

21 of 25 models see the stock below the current price.

McKesson

DCF Models$909
Earnings-Based$444
Dividend Discount$57.26
Multiples$787
Growth DCF$922
Economic Profit$497
Growth Earnings$669

14 of 23 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Cencora
Bear $132Fair Value $176Bull $220
$325 = current price (white tick)
McKesson
Bear $605Fair Value $819Bull $1,034
$871 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Cencora · Health Care

Quality score57 · above median
Fair value upside-46% · below median

McKesson · Health Care

Quality score65 · Top 25%
Fair value upside-6% · above median

Bottom line

As of Aug 8, 2026, Fair Value Calculator sees McKesson as the less overvalued of the two: Cencora trades at $325 versus a fair value of $176 (-46%), while McKesson trades at $871 versus $819 (-6%).

McKesson has the higher quality score (65/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.