As of today (2024-04-24), Elevance Health's share price is $532.92. Elevance Health's Tangible Book per Share of Mar. 2024 for the quarter that ended in Mar. 2024 was $16.99. Hence, Elevance Health's Price to Tangible Book Ratio of today is 31.37.
The historical rank and industry rank for Elevance Health's Price-to-Tangible-Book or its related term are showing as below:
ELV'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 20.48 Med: 61.11 Max: 3208.4
Current: 31.37
During the past 13 years, Elevance Health's highest Price to Tangible Book Ratio was 3208.40. The lowest was 20.48. And the median was 61.11.
ELV's Price-to-Tangible-Book is ranked worse than 100% of 16
companies
in the Healthcare Plans industry
Industry Median: 7.775
vs ELV: 31.37
A closely related ratio is called PB Ratio. As of today, Elevance Health's share price is $532.92. Elevance Health's Book Value per Sharefor the quarter that ended in Mar. 2024 was $174.62. Hence, Elevance Health's P/B Ratio of today is 3.05.
Elevance Health Price-to-Tangible-Book Historical Data
The historical data trend for Elevance Health's Price-to-Tangible-Book 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.
For the Healthcare Plans subindustry, Elevance Health's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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 Price-to-Tangible-Book Distribution
For the Healthcare Plans industry and Healthcare sector, Elevance Health's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Elevance Health's Price-to-Tangible-Book falls into.
Elevance Health Price-to-Tangible-Book Calculation
Elevance Health's price-to-tangible-book ratio for today 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Elevance Health Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Elevance Health's Price-to-Tangible-Book 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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