Which has the lower trailing P/E, CVS or ELV?

ELV has the lower trailing P/E: CVS trades at 24.61 and ELV at 17.80. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, CVS or ELV?

Over the past five years, ELV grew revenue faster — CVS at a 8.32% CAGR versus ELV at 9.25%.

Does CVS or ELV pay a bigger dividend?

CVS yields 2.86% and ELV yields 1.71% based on trailing dividends and the latest price.

Is CVS or ELV more profitable?

ELV runs the higher net margin — CVS at 1.18% versus ELV at 2.47%.

How have CVS and ELV total returns compared?

Over the past 10 years, CVS delivered 2.70% and ELV delivered 13.51% annualized total return. Past performance doesn't predict future results.

CVS Health Corp. (CVS) vs Elevance Health Inc. (ELV)

A side-by-side comparison of CVS Health Corp. and Elevance Health Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 23, 2026. Differences are shown without an overall score or investment verdict.

CVS

CVS Health Corp.

$118.69B

$93.02HealthcareAt close: Aug 21, 2026, 4:00 PM ET

ELV

Elevance Health Inc.

$86.86B

$400.54HealthcareAt close: Aug 21, 2026, 4:00 PM ET

Total return — CVS vs ELV

growth of $100 · dividends reinvested · last 10y

CVS +30.5% (+2.7%/yr)ELV +262.0% (+13.7%/yr)ELV compounded faster over this window

CVS ELV

CVS vs ELV: by the numbers

•CVS is the larger company ($118.69B vs $86.86B market cap).
•ELV trades at the lower trailing earnings multiple (17.80 vs 24.61 P/E), one valuation lens rather than an overall verdict.
•ELV converts more revenue to profit (2.47% vs 1.18% net margin).
•ELV grew revenue faster over the past five years (9.25% vs 8.32% CAGR).
•CVS pays the higher dividend yield (2.86% vs 1.71%).

Metrics side by side

Valuation

Metric	CVS	ELV
P/E ratio	24.61	17.80
Forward P/E	11.66	14.75
P/S ratio	0.29	0.43
P/B ratio	1.50	1.94
EV / EBITDA	14.39	13.38
FCF yield	9.85%	7.20%

Profitability

Metric	CVS	ELV
Gross margin	14.15%	25.56%
Operating margin	2.00%	3.51%
Net margin	1.18%	2.47%
ROE	6.16%	11.06%
ROIC	4.14%	6.34%

Dividends

Metric	CVS	ELV
Dividend yield	2.86%	1.71%
Payout ratio	190.00%	27.24%

Growth (annualized)

Metric	CVS	ELV
Revenue CAGR (5Y)	8.32%	9.25%
EPS CAGR (5Y)	-23.89%	6.67%
FCF CAGR (5Y)	-10.28%	-19.97%
Total return CAGR (5Y)	5.27%	2.63%

Frequently asked

Which has the lower trailing P/E, CVS or ELV?: ELV has the lower trailing P/E: CVS trades at 24.61 and ELV at 17.80. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, CVS or ELV?: Over the past five years, ELV grew revenue faster — CVS at a 8.32% CAGR versus ELV at 9.25%.
Does CVS or ELV pay a bigger dividend?: CVS yields 2.86% and ELV yields 1.71% based on trailing dividends and the latest price.
Is CVS or ELV more profitable?: ELV runs the higher net margin — CVS at 1.18% versus ELV at 2.47%.
How have CVS and ELV total returns compared?: Over the past 10 years, CVS delivered 2.70% and ELV delivered 13.51% annualized total return. Past performance doesn't predict future results.

Go deeper

Full CVS analysis Full ELV analysis Interactive comparison tool

Dig into the metrics

CVS Health P/E ratio Elevance Health P/E ratio CVS Health dividend yield Elevance Health dividend yield CVS Health ROE Elevance Health ROE CVS Health operating margin Elevance Health operating margin CVS Health revenue growth Elevance Health revenue growth CVS Health free cash flow Elevance Health free cash flow

CVS Health & Elevance Health appear in these rankings

Highest Dividend Yield Stocks Highest FCF Yield Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 23, 2026.