CVS Health Corp CVS

Stock XNYS Rating as of Nov 5, 2026

$83.85 +2.51 (3.09%)

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As of Nov 6, 2026, 8:46:48 PM Cboe BZX Real-Time Price Open

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CVS Splitting Into Two Business To Reduce Concerns About Vertically Integrated Operations

Julie Utterback Nov 4, 2026

After spending two decades positioning itself as a vertically integrated managed care leader, CVS has announced plans to split into two publicly traded companies in a tax-free move for shareholders that is scheduled for early 2028. After that, CVS Health will include its medical insurance, pharmacy benefit management, specialty, and caregiving operations, while CVS Pharmacy will include its retail pharmacy chain and other medication dispensers. This strategic move is the biggest under the new management team led by David Joyner that took the helm in late 2024 when CVS was reeling from weak Medicare Advantage performance and facing a bloated balance sheet after major acquisitions like the Oak Street caregiving deal.

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Price vs Fair Value

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CVS is trading at a LOCK|mw<zQ@ premium.

Price

$81.33

Nov 5, 2026

Fair Value

LOCK|g%

Nov 4, 2026

Uncertainty

LOCK|SW

1-Star Price: LOCK|l.k
5-Star Price: LOCK|.y
Economic Moat: LOCK|BFF
Capital Allocation: LOCK|@kqVT<T

Bulls Say, Bears Say

Bulls

CVS is splitting into two organizations, which could reduce the regulatory scrutiny around its operations and boost market sentiment over time.

Bears

Healthcare reform will likely remain a recurring political topic until universal, affordable coverage is achieved in the US, and CVS' stock may experience volatility if scenarios that threaten its prospects gain traction.

News

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Articles & Videos

Trading Information

Previous Close Price: $81.33
Day Range: $80.96–84.35
52-Week Range: $69.52–110.70
Bid/Ask: $83.83 / $83.90
Shares Outstanding: 1.28B
Market Cap: $106.89B
Volume/Avg: 10M / 9M

Key Statistics

Price/Earnings (Normalized): 10.44
Price/Sales: 0.25
Dividend Yield (Trailing): 3.27%
Dividend Yield (Forward): 3.27%
Dividend Payment Schedule: Feb, May, Aug, Nov
Total Yield: 3.27%

Company Profile

CVS Health currently offers a diverse set of healthcare services, although it plans to split into two organizations in early 2028. Its roots are in its retail pharmacy operations, where it operates around 9,000 stores primarily in the US. CVS is also a large pharmacy benefit manager (acquired through Caremark), processing about 2 billion adjusted claims annually. It operates a top-tier health insurer (acquired through Aetna) through which it serves about 26 million medical members. The acquisition of Oak Street Health added primary care services to the mix.

Sector: Healthcare
Industry: Healthcare Plans
Stock Style Box: Large Value
Total Number of Employees: 300,000
Website: https://www.cvshealth.com

Competitors

Valuation

Metric	CVS	ELV	HUM
Price/Earnings (Normalized)	10.44	14.22	23.94
Price/Book Value	1.29	2.09	2.57
Price/Sales	0.25	0.47	0.34
Price/Cash Flow	6.47	17.76	17.95

Price/Earnings

CVS

ELV

HUM

Financial Strength

Metric	CVS	ELV	HUM
Quick Ratio	0.61	—	—
Current Ratio	0.85	—	—
Interest Coverage	4.95	5.33	3.37

Quick Ratio

CVS

ELV

HUM

Profitability

Metric	CVS	ELV	HUM
Return on Assets (Normalized)	4.20%	5.33%	3.18%
Return on Equity (Normalized)	13.87%	15.04%	9.02%
Return on Invested Capital (Normalized)	8.67%	10.32%	7.08%

Return on Assets

CVS

ELV

HUM

Healthcare Plans Industry Comparables

Screen With Investor

Name	Capital Allocation	Economic Moat	Market Cap
UnitedHealth Group Inc UNH	LOCK\|!%KrCl	LOCK\|lWY$	$355B
Elevance Health Inc ELV	LOCK\|d<Jx@c	LOCK\|^h#?&	$93B
The Cigna Group CI	LOCK\|?BpVfR#	LOCK\|h$>!R	$79B
Humana Inc HUM	LOCK\|^%QYGj@	LOCK\|<S>j&	$49B
Centene Corp CNC	LOCK\|K%z&?H&	LOCK\|l?%	$37B
Molina Healthcare Inc MOH	LOCK\|$gb@rZV	LOCK\|&%!G	$11B
Oscar Health Inc Class A OSCR	—	LOCK\|Zk>	$10B
Progyny Inc PGNY	—	LOCK\|N%Z	$3B
Clover Health Investments Corp Ordinary Shares - Class A CLOV	—	LOCK\|Q&@	$2B

CVS Health Corp CVS

Company Report

CVS Splitting Into Two Business To Reduce Concerns About Vertically Integrated Operations

Price vs Fair Value

Bulls Say, Bears Say

Bulls

Bears

News

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CVS Raises Forecast on Health Care Benefits, Pharmacy Gains

CVS Health Announces Intent to Create Two Distinct Leaders in Healthcare

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Trading Information

Key Statistics

Company Profile

Competitors

Valuation

Financial Strength

Profitability

Healthcare Plans Industry Comparables

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