Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Elevance Health's share price for the quarter that ended in Mar. 2024 was $518.54. Elevance Health's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 233 Mil. Therefore, Elevance Health's market cap for the quarter that ended in Mar. 2024 was $120,584 Mil.
Elevance Health's quarterly market cap
increased
from Sep. 2023 ($102,283 Mil) to Dec. 2023 ($109,907 Mil) and
increased
from Dec. 2023 ($109,907 Mil) to Mar. 2024 ($120,584 Mil).
Elevance Health's annual market cap
increased
from Dec. 2021 ($112,071 Mil) to Dec. 2022 ($122,065 Mil) but then
declined
from Dec. 2022 ($122,065 Mil) to Dec. 2023 ($109,907 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Elevance Health's Enterprise Value for Today is $145,733 Mil.
Elevance Health Market Cap Historical Data
The historical data trend for Elevance Health's Market Cap can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Elevance Health's Market Cap
For the Healthcare Plans subindustry, Elevance Health's Market Cap, along with its competitors' market caps and Market Cap data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Elevance Health's Market Cap Distribution in the Healthcare Plans Industry
For the Healthcare Plans industry and Healthcare sector, Elevance Health's Market Cap distribution charts can be found below:
* The bar in red indicates where Elevance Health's Market Cap falls into.
Elevance Health Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Elevance Health's Market Cap for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Elevance Health (NYSE:ELV) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Elevance Health Market Cap Related Terms
Thank you for viewing the detailed overview of Elevance Health's Market Cap provided by GuruFocus.com. Please click on the following links to see related term pages.
Elevance Health (Elevance Health) Business Description
Elevance Health remains one of the leading health insurers in the U.S., providing medical benefits to 48 million medical members as of June 2023. The company offers employer, individual, and government-sponsored coverage plans. Elevance differs from its peers in its unique position as the largest single provider of Blue Cross Blue Shield branded coverage, operating as the licensee for the Blue Cross Blue Shield Association in 14 states. Through acquisitions, such as the Amerigroup deal in 2012 and MMM in 2021, Elevance's reach expands beyond those states through government-sponsored programs such as Medicaid and Medicare Advantage plans, too.
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