As of May 2, 2024, the CVS stock has a PE ratio of 9.66. The calculation is based on the latest EPS of $5.71 and the stock price of $55.15 per share. A decrease of 42% has been observed in the PE ratio compared to its average of 16.6 of the last four quarters.
The mean historical PE ratio of CVS HEALTH over the last ten years is 18.19. The current 9.66 P/E ratio is 47% lower than the historical average. Looking back at the last ten years, CVS's PE ratio peaked in the Sep 2022 quarter at 37.11, with a price of $95.37 and an EPS of $2.57. The Mar 2018 quarter marked the lowest point at 9.53, with a price of $62.21 and an EPS of $6.53.
Maximum annual increase: 66.65% in 2022
Maximum annual decrease: -57.04% in 2023
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 12.17 | -57.04% |
| 2022 | 28.33 | 66.65% |
| 2021 | 17 | 36.44% |
| 2020 | 12.46 | -14.48% |
| 2019 | 14.57 | N/A |
| 2018 | N/A | N/A |
| 2017 | 11.21 | -29.98% |
| 2016 | 16.01 | -23.69% |
| 2015 | 20.98 | -13.31% |
| 2014 | 24.2 | 27.5% |
Currently, CVS's PE ratio is lower than its 3, 5 and 10-year averages.
CVS's PE ratio stands lower than its peer stock WMT.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CVS CVS HEALTH Corp | 9.66 | $69.23B |
| WMT Walmart Inc | 31.1 | $481.15B |
| PETS Petmed Express Inc | N/A | $84.17M |
| WBA Walgreens Boots Alliance Inc | N/A | $15.12B |
The price to earnings ratio for CVS stock is 9.66 as of May 2, 2024.
The 3-year average price to earnings ratio for CVS stock is 19.43.
The 5-year average price to earnings ratio for CVS stock is 16.92.
Over the last ten years, the quarterly PE ratio reached its highest level at 37.11 in the Sep 2022 quarter.
CVS's current price to earnings ratio is 47% below its 10-year historical average.
CVS's PE ratio is low because the stock price is relatively cheap compared to the earnings generated by the company.
To determine the P/E ratio, divide the latest stock price by the TTM earnings per share (EPS). As of today (May 2, 2024), CVS HEALTH's share price is $55.15. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2024 is $5.71. Therefore, CVS HEALTH's PE ratio for today is 9.66. PE RATIO(9.66) = STOCK PRICE($55.15) / TTM EPS($5.71)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.