Stock Analysis on Net

Elevance Health Inc. (NYSE:ELV)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Elevance Health Inc., current enterprise value calculation

Microsoft Excel
Current share price (P) $434.96
No. shares of common stock outstanding 227,351,871
US$ in millions
Common equity (market value)1 98,889
Add: Preferred stock, without par value; shares issued and outstanding: none (per books)
Add: Noncontrolling interests (per books) 111
Total equity 99,000
Add: Short-term borrowings (per books) 365
Add: Current portion of long-term debt (per books) 1,649
Add: Long-term debt, less current portion (per books) 29,218
Total equity and debt 130,232
Less: Cash and cash equivalents 8,288
Less: Fixed maturity securities 25,201
Less: Equity securities 1,192
Enterprise value (EV) 95,551

Based on: 10-K (reporting date: 2024-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 434.96 × 227,351,871


Historical Enterprise Value (EV)

Elevance Health Inc., EV calculation

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Share price1, 2 $390.50 $509.38 $487.13 $458.58 $296.33
No. shares of common stock outstanding1 227,351,871 232,668,735 237,457,776 241,304,369 244,905,689
US$ in millions
Common equity (market value)3 88,781 118,517 115,673 110,657 72,573
Add: Preferred stock, without par value; shares issued and outstanding: none (book value)
Add: Noncontrolling interests (book value) 111 99 87 68
Total equity 88,892 118,616 115,760 110,725 72,573
Add: Short-term borrowings (book value) 365 225 265 275
Add: Current portion of long-term debt (book value) 1,649 1,649 1,500 1,599 700
Add: Long-term debt, less current portion (book value) 29,218 23,246 22,349 21,157 19,335
Total equity and debt 120,124 143,736 139,874 133,756 92,608
Less: Cash and cash equivalents 8,288 6,526 7,387 4,880 5,741
Less: Fixed maturity securities 25,201 29,614 25,952 26,267 23,433
Less: Equity securities 1,192 229 953 1,881 1,559
Enterprise value (EV) 85,443 107,367 105,582 100,728 61,875

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Elevance Health Inc. Annual Report.

3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 390.50 × 227,351,871

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Elevance Health Inc. EV increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.