CVSCVS Health

$94.30

Is the price fair?

What CVS's price assumes

CVS Health trades at 24.8× earnings against 25.3× for the median Healthcare Plans name, cheaper than its own group.

24.8

Trailing P/E · Healthcare Plans median 25.3 · cheaper than the typical name in its group

Price / sales
0.22

Price / sales · as of 2026-Q1

Free cash flow yield
9.4%

Free cash flow yield · Healthcare Plans median 6.5%

Growth the price implies
−2.8%

Growth the price implies · The price pays for −2.8% free cash flow growth a year for a decade; the business has delivered −13% a year over the last three.

Details
Price / book2026-Q1
1.18
EV / EBIToperating margin 2.0%: the multiple describes the denominator
not meaningful
Healthcare median P/E362 names
31.5
Healthcare Plans median P/E11 names
25.3
Free cash flow, trailing twelve months
$11.8B
Market capitalisation
$125.4B
3-year revenue growth
+7.0%
3-year free cash flow growth
−13%
CVS has re-rated away from its own history, so multiplying the old multiple by today's earnings prices a full reversal, not the business
MethodPer share
What its own history would implynot meaningful, 75.5× today against a 12.9× median
52-week range$62.01 – $110.58
Today$94.30

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.