CVS CVS HEALTH PE ratio, current and historical analysis
As of Feb 21, 2025, the CVS stock has a PE ratio of 17.3. The calculation is based on the latest EPS of $3.67 and the stock price of $63.48 per share. An increase of 32% has been observed in the PE ratio compared to its average of 13.1 of the last four quarters.
CVS PE ratio history
The mean historical PE ratio of CVS HEALTH over the last ten years is 17.55. The current 17.3 P/E ratio is similar to 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.
CVS HEALTH PE ratio by year
Maximum annual increase: 66.65% in 2022
Maximum annual decrease: -57.04% in 2023
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| 2010 | 13.85 | 10.98% | $34.77 | $2.51 |
CVS HEALTH PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 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 |
| Jun 2022 | 14.55 | -11.28% | $92.66 | $6.37 |
| Mar 2022 | 16.4 | -3.53% | $101.21 | $6.17 |
| Dec 2021 | 17 | 15.18% | $103.16 | $6.07 |
| Sep 2021 | 14.76 | -3.21% | $84.86 | $5.75 |
| Jun 2021 | 15.25 | 14.15% | $83.44 | $5.47 |
CVS average PE ratio chart
Currently, CVS's PE ratio is higher than its 5-year average, but it is lower than its 3 and 10-year averages.
CVS PE vs peers
CVS's PE ratio stands lower than its peer stocks WMT and PETS.
| Stock name | PE ratio | Market cap |
|---|---|---|
| CVS CVS HEALTH Corp | 17.3 | $80.04B |
| WMT Walmart Inc | 38.84 | $761.4B |
| PETS Petmed Express Inc | 437 | $90.27M |
| WBA Walgreens Boots Alliance Inc | N/A | $8.78B |
Frequently asked questions
What is CVS HEALTH's PE ratio?
The price to earnings ratio for CVS stock is 17.3 as of Feb 21, 2025.
What is the 3-year average PE ratio for CVS HEALTH (CVS)?
The 3-year average price to earnings ratio for CVS stock is 18.73.
What is the 5-year average PE ratio for CVS HEALTH (CVS)?
The 5-year average price to earnings ratio for CVS stock is 16.41.
What is the highest PE ratio for CVS?
Over the last ten years, the quarterly PE ratio reached its highest level at 37.11 in the Sep 2022 quarter.
How does the current PE ratio for CVS compare to its historical average?
CVS's current price to earnings ratio is 1.4% below 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 (Feb 21, 2025), CVS HEALTH's share price is $63.48. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2024 is $3.67. Therefore, CVS HEALTH's PE ratio for today is 17.3. PE RATIO(17.3) = STOCK PRICE($63.48) / TTM EPS($3.67)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified. Data from 
and Sharadar.