Elevance Health (0HG8) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Elevance Health $351, price $387, upside -9.2%, quality 60 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Elevance Health
0HG8 · LSEOvervalued / MonitorQuality is not strong enough to offset the price risk.
What runs behind every stock
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $270.59 – $541.94 · fair‑value band $186.64 – $476.35 · the $386.96 price screens above the $351.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Company profile
Elevance Health, Inc., together with its subsidiaries, operates as a health benefits company in the United States. The company operates in four segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other.
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Elevance Health, Inc., together with its subsidiaries, operates as a health benefits company in the United States. The company operates in four segments: Health Benefits, CarelonRx, Carelon Services, and Corporate & Other. It offers a variety of health plans and services to individual, employer group risk-based and fee-based, BlueCard, Medicare, Medicaid, and FEP members; health products; a broad array of fee-based administrative managed care services; and specialty and other insurance products and services, such as stop loss, dental, vision, and supplemental health insurance benefits. The company also operates in the pharmacy services business; and markets and offers pharmacy services, including home delivery and specialty pharmacies, claims adjudication, formulary management, pharmacy networks, rebate administration, a prescription drug database, and member services, as well as infusion services and injectable therapies through ambulatory infusion centers. In addition, it provides healthcare related services and capabilities, including specialty care enablement and utilization management support for specialized clinical domains; behavioral health and comprehensive care management services; palliative care services and management; virtual care; and payment integrity, subrogation, clinical data exchange through its HealthOS platform, research and data, reporting and clinical analytics, information technology, and business process support services, as well as manages home health, post-acute institutional management, and durable medical equipment costs; and supports plans in managing home and community-based services. The company provides its services under the Anthem Blue Cross and Blue Shield, Wellpoint, and Carelon brands. The company was formerly known as Anthem, Inc. and changed its name to Elevance Health, Inc. in June 2022. Elevance Health, Inc. was incorporated in 2001 and is based in Indianapolis, Indiana.
Stock analysis
Elevance Health (0HG8) currently trades at $386.96, while our model-based Fair Value estimate is $351.28, so the stock looks roughly fairly valued today (gap 10.2%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $389.97 per share, and 9 of the 24 models we run sit above the $386.96 price.
Bear case: the Asset-Based group reads lowest at $113.67, and 15 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: $186.64 (bear) to $476.35 (bull), the price of $386.96 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 60/100 (solid quality), in the Healthcare sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Elevance Health reported revenue of $199B in FY2025 versus $139B in FY2021, a compound +9.5%/yr. Reported net income was $5.7B in FY2025, compounding −1.9%/yr from FY2021.
Key figures
Market cap $86.9B · P/E ratio 0.2 · EPS (TTM) $25.40 · Dividend yield 1.8% · Net margin 2.8% · Return on equity 11.1% · Return on assets (EBIT) 30.9% · Operating margin 4.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 41% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Healthcare peers we cover trades at −9% fair-value upside, at −9%, 0HG8 screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 58 · Market factors (momentum, volatility) 65
Revenue & earnings trend
Growth Forecast
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Compare Elevance Health with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Healthcare Plans” was too small, so the broader sector is used.)Health Care · 2433 stocks
Valuation Multiplesvs Health Care median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Health Care sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: UK Stocks
- Valuation of the UK 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 Healthcare Plans stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| UnitedHealth Group UNH | $367.08 | $295.49 | −20% |
| CVS Health Corporation CVS | $85.69 | $42.44 | −50% |
| The Cigna Group CI | $271.83 | $495.96 | +82% |
| Humana Inc HUM | $379.68 | $146.91 | −61% |
| Molina Healthcare, Inc MOH | $189.10 | $219.06 | +16% |
| Oscar Health, Inc OSCR | $29.60 | $59.20 | +100% |
| Progyny, Inc PGNY | $25.19 | $35.44 | +41% |
| Alignment Healthcare, Inc ALHC | $8.21 | $7.45 | −9% |
| Medi Assist Healthcare Services Limited MEDIASSIST | ₹298.50 | ₹226.12 | −24% |
| Healthconn Corp 6665 | 17.10 TWD | 13.18 TWD | −23% |
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