The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2024-04-16), CVS Health's share price is $69.39. CVS Health's Book Value per Share for the quarter that ended in Dec. 2023 was $59.36. Hence, CVS Health's PB Ratio of today is 1.17.
Good Sign:
CVS Health Corp stock PB Ratio (=1.16) is close to 10-year low of 1.07
The historical rank and industry rank for CVS Health's PB Ratio or its related term are showing as below:
CVS'
s PB Ratio Range Over the Past 10 Years
Min: 1.07 Med: 1.84 Max: 3.37
Current: 1.17
During the past 13 years, CVS Health's highest PB Ratio was 3.37. The lowest was 1.07. And the median was 1.84.
CVS's PB Ratio is ranked better than 73.68% of 19
companies
in the Healthcare Plans industry
Industry Median: 2.73
vs CVS: 1.17
During the past 12 months, CVS Health's average Book Value Per Share Growth Rate was 8.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 3.90% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 5.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 7.30% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of CVS Health was 37.00% per year. The lowest was -15.50% per year. And the median was 8.40% per year.
Back to Basics: PB Ratio
CVS Health PB Ratio Historical Data
The historical data trend for CVS Health's PB Ratio 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.
* Premium members only.
CVS Health Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
PB Ratio
1.51
1.29
1.82
1.70
1.33
CVS Health Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
PB Ratio
1.70
1.33
1.22
1.21
1.33
Competitive Comparison
For the Healthcare Plans subindustry, CVS Health's PB Ratio, along with its competitors' market caps and PB Ratio 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.
CVS Health PB Ratio Distribution
For the Healthcare Plans industry and Healthcare sector, CVS Health's PB Ratio distribution charts can be found below:
* The bar in red indicates where CVS Health's PB Ratio falls into.
CVS Health PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
CVS Health's PB Ratio for today is calculated as follows:
* 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 Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
CVS Health PB Ratio Related Terms
Thank you for viewing the detailed overview of CVS Health's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
CVS Health offers a diverse set of healthcare services. Its roots are in its retail pharmacy operations, where it operates over 9,000 stores primarily in the U.S. CVS is also the largest pharmacy benefit manager (acquired through Caremark), processing over 2 billion adjusted claims annually. It also operates a top-tier health insurer (acquired through Aetna) where it serves about 26 million medical members. The company's recent acquisition of Oak Street adds primary care services to the mix, which could have significant synergies with all its existing business lines.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CVS has been successfully added to your 