Elevance Health Stock Z Score

ELV Stock

USD 388.46 13.47 3.35%

Altman Z Score is one of the simplest fundamental models to determine how likely your company is to fail. The module uses available fundamental data of a given equity to approximate the Altman Z score. Altman Z Score is determined by evaluating five fundamental price points available from the company's current public disclosure documents. Check out Elevance Health Piotroski F Score and Elevance Health Valuation analysis.

For more information on how to buy Elevance Stock please use our How to Invest in Elevance Health guide.

At this time, Elevance Health's Capital Stock is fairly stable compared to the past year. Return On Capital Employed is likely to climb to 1.24 in 2025, whereas Net Invested Capital is likely to drop slightly above 62.7 B in 2025. At this time, Elevance Health's Depreciation And Amortization is fairly stable compared to the past year. Selling And Marketing Expenses is likely to climb to about 12.4 B in 2025, whereas Net Income is likely to drop slightly above 3.2 B in 2025.

Elevance Health Company Z Score Analysis

Elevance Health's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..

Z Score

Sum Of

5 Factors

More About Z Score | All Equity Analysis

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Elevance Z Score Driver Correlations

Understanding the fundamental principles of building solid financial models for Elevance Health is extremely important. It helps to project a fair market value of Elevance Stock properly, considering its historical fundamentals such as Z Score. Since Elevance Health's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Elevance Health's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Elevance Health's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Total Liab	Retained Earnings	Accounts Payable	Long Term Debt	Short Term Investments	Intangible Assets	Property Plant Equipment	Net Receivables	Total Current Assets	Short Term Debt	Common Stock	Current Deferred Revenue	Good Will	Deferred Long Term Liab	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Long Term Investments	Short Long Term Debt	Cash And Equivalents	Net Invested Capital	Capital Stock
Total Assets		0.99	0.81	0.85	0.83	0.67	0.79	0.96	0.92	0.8	0.74	0.62	-0.39	0.23	0.77	0.98	0.38	0.27	0.96	-0.7	0.68	-0.01	0.75	0.73	-0.65
Total Stockholder Equity	0.99		0.82	0.84	0.82	0.67	0.79	0.96	0.95	0.78	0.75	0.6	-0.35	0.21	0.81	0.98	0.4	0.22	0.94	-0.69	0.63	-0.05	0.69	0.68	-0.59
Net Debt	0.81	0.82		0.95	0.91	0.85	0.97	0.74	0.85	0.89	0.7	0.36	-0.52	0.54	0.89	0.88	0.54	0.23	0.84	-0.88	0.71	0.1	0.56	0.7	-0.68
Total Liab	0.85	0.84	0.95		0.99	0.83	0.98	0.8	0.82	0.97	0.62	0.39	-0.63	0.59	0.87	0.87	0.38	0.38	0.9	-0.84	0.84	0.01	0.74	0.84	-0.82
Retained Earnings	0.83	0.82	0.91	0.99		0.83	0.97	0.78	0.76	0.99	0.62	0.39	-0.64	0.59	0.8	0.84	0.28	0.5	0.91	-0.8	0.87	-0.03	0.77	0.88	-0.83
Accounts Payable	0.67	0.67	0.85	0.83	0.83		0.86	0.61	0.64	0.81	0.51	0.22	-0.72	0.6	0.76	0.71	0.42	0.37	0.71	-0.76	0.65	0.04	0.52	0.72	-0.62
Long Term Debt	0.79	0.79	0.97	0.98	0.97	0.86		0.71	0.79	0.96	0.6	0.28	-0.63	0.67	0.87	0.84	0.43	0.36	0.86	-0.86	0.78	0.05	0.68	0.82	-0.77
Short Term Investments	0.96	0.96	0.74	0.8	0.78	0.61	0.71		0.89	0.74	0.67	0.7	-0.35	0.09	0.76	0.93	0.36	0.21	0.9	-0.61	0.67	-0.03	0.7	0.66	-0.62
Intangible Assets	0.92	0.95	0.85	0.82	0.76	0.64	0.79	0.89		0.72	0.69	0.45	-0.3	0.27	0.89	0.96	0.53	-0.03	0.85	-0.72	0.54	0.03	0.54	0.57	-0.52
Property Plant Equipment	0.8	0.78	0.89	0.97	0.99	0.81	0.96	0.74	0.72		0.54	0.35	-0.65	0.63	0.77	0.8	0.26	0.55	0.89	-0.75	0.88	-0.04	0.8	0.91	-0.86
Net Receivables	0.74	0.75	0.7	0.62	0.62	0.51	0.6	0.67	0.69	0.54		0.63	-0.13	0.0	0.62	0.77	0.4	0.11	0.66	-0.73	0.36	0.15	0.33	0.34	-0.29
Total Current Assets	0.62	0.6	0.36	0.39	0.39	0.22	0.28	0.7	0.45	0.35	0.63		0.09	-0.48	0.28	0.57	0.32	0.2	0.49	-0.29	0.35	0.01	0.31	0.2	-0.23
Short Term Debt	-0.39	-0.35	-0.52	-0.63	-0.64	-0.72	-0.63	-0.35	-0.3	-0.65	-0.13	0.09		-0.74	-0.48	-0.36	-0.03	-0.39	-0.5	0.4	-0.69	0.02	-0.69	-0.78	0.71
Common Stock	0.23	0.21	0.54	0.59	0.59	0.6	0.67	0.09	0.27	0.63	0.0	-0.48	-0.74		0.47	0.27	0.08	0.34	0.41	-0.48	0.54	-0.02	0.5	0.68	-0.62
Current Deferred Revenue	0.77	0.81	0.89	0.87	0.8	0.76	0.87	0.76	0.89	0.77	0.62	0.28	-0.48	0.47		0.84	0.53	-0.01	0.75	-0.84	0.54	0.15	0.49	0.57	-0.52
Good Will	0.98	0.98	0.88	0.87	0.84	0.71	0.84	0.93	0.96	0.8	0.77	0.57	-0.36	0.27	0.84		0.48	0.19	0.94	-0.76	0.64	0.03	0.67	0.68	-0.61
Deferred Long Term Liab	0.38	0.4	0.54	0.38	0.28	0.42	0.43	0.36	0.53	0.26	0.4	0.32	-0.03	0.08	0.53	0.48		-0.15	0.23	-0.41	0.11	0.13	0.02	0.08	-0.1
Net Tangible Assets	0.27	0.22	0.23	0.38	0.5	0.37	0.36	0.21	-0.03	0.55	0.11	0.2	-0.39	0.34	-0.01	0.19	-0.15		0.39	-0.13	0.54	-0.33	0.59	0.62	-0.52
Long Term Debt Total	0.96	0.94	0.84	0.9	0.91	0.71	0.86	0.9	0.85	0.89	0.66	0.49	-0.5	0.41	0.75	0.94	0.23	0.39		-0.73	0.79	0.0	0.82	0.85	-0.77
Capital Surpluse	-0.7	-0.69	-0.88	-0.84	-0.8	-0.76	-0.86	-0.61	-0.72	-0.75	-0.73	-0.29	0.4	-0.48	-0.84	-0.76	-0.41	-0.13	-0.73		-0.53	-0.34	-0.42	-0.54	0.5
Long Term Investments	0.68	0.63	0.71	0.84	0.87	0.65	0.78	0.67	0.54	0.88	0.36	0.35	-0.69	0.54	0.54	0.64	0.11	0.54	0.79	-0.53		-0.08	0.79	0.92	-0.99
Short Long Term Debt	-0.01	-0.05	0.1	0.01	-0.03	0.04	0.05	-0.03	0.03	-0.04	0.15	0.01	0.02	-0.02	0.15	0.03	0.13	-0.33	0.0	-0.34	-0.08		-0.11	-0.1	0.08
Cash And Equivalents	0.75	0.69	0.56	0.74	0.77	0.52	0.68	0.7	0.54	0.8	0.33	0.31	-0.69	0.5	0.49	0.67	0.02	0.59	0.82	-0.42	0.79	-0.11		0.92	-0.81
Net Invested Capital	0.73	0.68	0.7	0.84	0.88	0.72	0.82	0.66	0.57	0.91	0.34	0.2	-0.78	0.68	0.57	0.68	0.08	0.62	0.85	-0.54	0.92	-0.1	0.92		-0.94
Capital Stock	-0.65	-0.59	-0.68	-0.82	-0.83	-0.62	-0.77	-0.62	-0.52	-0.86	-0.29	-0.23	0.71	-0.62	-0.52	-0.61	-0.1	-0.52	-0.77	0.5	-0.99	0.08	-0.81	-0.94

Click cells to compare fundamentals

To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.

Competition

Predict Elevance Health

According to the company's disclosures, Elevance Health has a Z Score of 0.0. This is 100.0% lower than that of the Health Care Providers & Services sector and about the same as Health Care (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.

Elevance Health ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Elevance Health's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Elevance Health's managers, analysts, and investors.

Environmental

Governance

Social

Elevance Health Institutional Holders

Institutional Holdings refers to the ownership stake in Elevance Health that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Elevance Health's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Elevance Health's value.

		Shares
Artisan Partners Limited Partnership	2024-12-31	2.9 M
Morgan Stanley - Brokerage Accounts	2024-12-31	2.9 M
Nuveen Asset Management, Llc	2024-09-30	2.6 M
Massachusetts Financial Services Company	2024-12-31	2.5 M
Baillie Gifford & Co Limited.	2024-12-31	2.5 M
Northern Trust Corp	2024-12-31	2.4 M
Ubs Asset Mgmt Americas Inc	2024-12-31	2.4 M
Fmr Inc	2024-12-31	2.2 M
Orbis Allan Gray Ltd	2024-12-31	2.2 M
Vanguard Group Inc	2024-12-31	21.5 M
Blackrock Inc	2024-12-31	20.4 M

Elevance Fundamentals

	Return On Equity	0.15
	Return On Asset	0.0509
	Profit Margin	0.03 %
	Operating Margin	0.02 %
	Current Valuation	110.53 B
	Shares Outstanding	227.35 M
	Shares Owned By Insiders	0.32 %
	Shares Owned By Institutions	93.57 %
	Number Of Shares Shorted	2.81 M
	Price To Earning	19.27 X
	Price To Book	2.12 X
	Price To Sales	0.50 X
	Revenue	176.81 B
	Gross Profit	49.24 B
	EBITDA	137.24 B
	Net Income	5.97 B
	Cash And Equivalents	7.39 B
	Cash Per Share	150.32 X
	Total Debt	29.22 B
	Debt To Equity	0.66 %
	Current Ratio	1.35 X
	Book Value Per Share	181.62 X
	Cash Flow From Operations	5.81 B
	Short Ratio	1.58 X
	Earnings Per Share	25.70 X
	Price To Earnings To Growth	0.84 X
	Target Price	494.29
	Number Of Employees	104.2 K
	Beta	0.84
	Market Capitalization	87.59 B
	Total Asset	116.67 B
	Retained Earnings	33.55 B
	Annual Yield	0.02 %
	Five Year Return	1.13 %
	Net Asset	116.67 B
	Last Dividend Paid	6.52

About Elevance Health Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Elevance Health's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Elevance Health using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Elevance Health based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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Additional Tools for Elevance Stock Analysis

When running Elevance Health's price analysis, check to measure Elevance Health's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Elevance Health is operating at the current time. Most of Elevance Health's value examination focuses on studying past and present price action to predict the probability of Elevance Health's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Elevance Health's price. Additionally, you may evaluate how the addition of Elevance Health to your portfolios can decrease your overall portfolio volatility.

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Elevance Health Stock Z Score

Elevance Health Company Z Score Analysis

Z Score

Sum Of

5 Factors

First Factor

1.2 * (

Working Capital

/

Total Assets )

Second Factor

1.4 * (

Retained Earnings

/

Total Assets )

Thrid Factor

3.3 * (

EBITAD

/

Total Assets )

Fouth Factor

0.6 * (

Market Value of Equity

/

Total Liabilities )

Fifth Factor

0.99 * (

Revenue

/

Total Assets )

Elevance Z Score Driver Correlations

Elevance Health ESG Sustainability

Elevance Health Institutional Holders

Elevance Fundamentals

About Elevance Health Fundamental Analysis

Thematic Opportunities

Explore Investment Opportunities

Additional Tools for Elevance Stock Analysis

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