Elevance Health Inc

ELV: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Elevance Health: Near-Term Headwinds Do Not Erase Long-Term Prospects

Julie Utterback

Mar 2, 2026

When medical utilization started surging in its important Medicaid end market, Elevance Health sold off from roughly $550 per share in mid-2024 to around $310 in early trading on March 2. On a forward basis, the shares are trading at about 12 times deflated 2026 earnings.

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Elevance Health Inc

Elevance Health: Near-Term Headwinds Do Not Erase Long-Term Prospects

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