CVS
CVS HEALTH
PE ratio, current and historical analysis
- Stocks
- Healthcare
- NYSE: CVS
- PE Ratio
As of Jul 13, 2026, the CVS stock has a PE ratio of 45.65. The calculation is based on the latest EPS of $2.32 and the stock price of $105.9 per share. A decrease of 38% has been observed in the PE ratio compared to its average of 73.8 of the last four quarters.
CVS PE ratio history
The mean historical PE ratio of CVS HEALTH over the last ten years is 22.73. The current 45.65 P/E ratio is 101% higher than the historical average. Looking back at the last ten years, CVS's PE ratio peaked in the Sep 2025 quarter at 188.48, with a price of $75.39 and an EPS of $0.4. The Mar 2018 quarter marked the lowest point at 9.53, with a price of $62.21 and an EPS of $6.53.
CVS HEALTH PE ratio by year
Maximum annual increase: 363.53% in 2025
Maximum annual decrease: -57.04% in 2023
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 56.69 | 363.53% | $79.36 | $1.4 |
| 2024 | 12.23 | 0.49% | $44.89 | $3.67 |
| 2023 | 12.17 | -57.04% | $78.96 | $6.49 |
| 2022 | 28.33 | 66.65% | $93.19 | $3.29 |
| 2021 | 17 | 36.44% | $103.16 | $6.07 |
| 2020 | 12.46 | -14.48% | $68.3 | $5.48 |
| 2019 | 14.57 | N/A | $74.29 | $5.1 |
| 2018 | N/A | N/A | $65.52 | -$0.57 |
| 2017 | 11.21 | -29.98% | $72.5 | $6.47 |
| 2016 | 16.01 | -23.69% | $78.91 | $4.93 |
| 2015 | 20.98 | -13.31% | $97.77 | $4.66 |
| 2014 | 24.2 | 27.5% | $96.31 | $3.98 |
| 2013 | 18.98 | 19.37% | $71.57 | $3.77 |
| 2012 | 15.9 | 0.95% | $48.35 | $3.04 |
| 2011 | 15.75 | 13.72% | $40.78 | $2.59 |
CVS HEALTH PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 30.96 | -45.39% | $71.82 | $2.32 |
| Dec 2025 | 56.69 | -69.92% | $79.36 | $1.4 |
| Sep 2025 | 188.48 | 883.72% | $75.39 | $0.4 |
| Jun 2025 | 19.16 | 18.78% | $68.98 | $3.6 |
| Mar 2025 | 16.13 | 31.89% | $67.75 | $4.2 |
| Dec 2024 | 12.23 | -23.18% | $44.89 | $3.67 |
| Sep 2024 | 15.92 | 52.05% | $62.88 | $3.95 |
| Jun 2024 | 10.47 | -25.05% | $59.06 | $5.64 |
| Mar 2024 | 13.97 | 14.79% | $79.76 | $5.71 |
| Dec 2023 | 12.17 | 16.46% | $78.96 | $6.49 |
| Sep 2023 | 10.45 | -64.78% | $69.82 | $6.68 |
| Jun 2023 | 29.67 | 26.15% | $69.13 | $2.33 |
| Mar 2023 | 23.52 | -16.98% | $74.31 | $3.16 |
| Dec 2022 | 28.33 | -23.66% | $93.19 | $3.29 |
| Sep 2022 | 37.11 | 155.05% | $95.37 | $2.57 |
CVS Price vs fair value
CVS average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, CVS's PE ratio is higher than its 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 45.65, CVS ranks higher than the Healthcare sector and the industry average. In comparison with the Healthcare sector average of 25.82, CVS HEALTH's price to earnings (P/E) is 77% higher.
CVS PE vs peers
CVS's PE ratio stands higher than its peer stock WMT.
| Stock name | PE ratio | Market cap |
|---|---|---|
| WMT Walmart Inc | 40.27 | $913.43B |
| CVS CVS HEALTH Corp | 45.65 | $135.12B |
| PETS Petmed Express Inc | N/A | $40.81M |
Frequently asked questions
What is CVS HEALTH's PE ratio?
The price to earnings ratio for CVS stock is 45.65 as of Jul 13, 2026.
What is the 3-year average PE ratio for CVS HEALTH (CVS)?
The 3-year average price to earnings ratio for CVS stock is 35.15.
What is the 5-year average PE ratio for CVS HEALTH (CVS)?
The 5-year average price to earnings ratio for CVS stock is 29.89.
What is the highest PE ratio for CVS?
Over the last ten years, the quarterly PE ratio reached its highest level at 188.48 in the Sep 2025 quarter.
How does the current PE ratio for CVS compare to its historical average?
CVS's current price to earnings ratio is 101% above its 10-year historical average.
How is CVS's PE ratio calculated (CVS HEALTH PE ratio formula)?
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (Jul 13, 2026), CVS HEALTH's share price is $105.9. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $2.32. Therefore, CVS HEALTH's PE ratio for today is 45.65. PE RATIO(45.65) = STOCK PRICE($105.9) / TTM EPS($2.32)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.