The current PE ratio for Centene stock as of May 2, 2024 is 14.63. This is calculated based on the TTM EPS of $5.08 and the stock price of $74.33 per share. The current PE ratio is about the same compared to the last four quarters average.
The average historical PE ratio of Centene for the last ten years is 23.62. The current P/E ratio of 14.63 is 38% lower than the historical average. Looking back at the last ten years, CNC's PE ratio peaked in the Jun 2021 quarter at 59.78, when the price was $72.93 and the EPS was $1.22. The lowest point was in the Sep 2019 quarter, when it reached 13.19 with a price of $43.26 and an EPS of $3.28.
Maximum annual increase: 88.33% in 2021
Maximum annual decrease: -61.95% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 14.93 | -61.95% |
| 2022 | 39.24 | 10.01% |
| 2021 | 35.67 | 88.33% |
| 2020 | 18.94 | -3.91% |
| 2019 | 19.71 | -21.03% |
| 2018 | 24.96 | 18.74% |
| 2017 | 21.02 | 30.97% |
| 2016 | 16.05 | -27.31% |
| 2015 | 22.08 | -0.5% |
| 2014 | 22.19 | 14.44% |
The current PE ratio of CNC is lower than its 3, 5 and 10-year averages.
In comparison to its peer stocks UNH and CI, CNC's PE ratio is lower. Centene's PE ratio is trading below the peer average of 19.51.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CNC Centene Corp | 14.63 | $39.67B |
| MOH Molina Healthcare Inc | 18.3 | $19.9B |
| HUM Humana Inc | 19.7 | $38.68B |
| UNH Unitedhealth Group Inc | 20.44 | $454.49B |
| CI Cigna Corp | 27.96 | $97.86B |
The price to earnings ratio for CNC stock as of May 2, 2024, stands at 14.63.
Over the last 3 years, the average price to earnings ratio for CNC stock is 29.1.
Over the last 5 years, the average price to earnings ratio for CNC stock is 25.04.
The highest quarterly PE ratio in the last ten years has been 59.78 and it was in the Jun 2021 quarter.
The current PE ratio of CNC is 38% lower than the 10-year historical average.
The P/E ratio is calculated by taking the latest stock price and dividing it by the EPS for the last 12 months. As of today (May 2, 2024), Centene's share price is $74.33. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.08. Therefore, Centene's PE ratio for today is 14.63. PE RATIO(14.63) = STOCK PRICE($74.33) / TTM EPS($5.08)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.