Centene Corporation (CNC) Valuation
Historical valuation analysis based on 1280 data points (2021-09-13 to 2026-10-16)
Centene is a managed care organization that focuses on government-sponsored healthcare plans, including Medicaid, Medicare, and the individual exchanges. Centene served 20 million medical members a...
Centene Corporation (CNC) currently trades at a P/E ratio of 8.51 (historical range: 6.09–70.59, median: 16.81), placing it at the 9th percentile — cheap relative to its history, P/S ratio of 0.17 (range: 0.07–0.43, 24th percentile — below its historical average), EV/EBITDA of 5.80 (range: 5.27–46.71, 4th percentile).
Over the historical period (2021-09-13 to 2026-10-16), Centene Corporation's P/E ratio has contracted by 65% over the observed period (from an average of 30.6 to 10.9).
Centene Corporation trades well below its historical valuation range across most metrics.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 8.51 | 16.81 | 9th | cheap relative to its history |
| P/S Ratio | 0.17 | 0.25 | 24th | below its historical average |
| EV/EBITDA | 5.80 | 13.92 | 4th | cheap relative to its history |
| FCF Yield | 26.20% | 12.96% | 92th | cheap relative to its history |
Centene Corporation (CNC) Valuation & P/E History
Centene Corporation (CNC) is a US-listed stock operating in the Financial Services sector, specifically the Hospital & Medical Service Plans industry currently trading at $69.40 with a market capitalization of $34.3 billion. This page provides historical valuation analysis for CNC based on 1280 data points covering 2021-09-13 to 2026-10-16. The P/E ratio of 8.51 is below the historical median of 16.81, placing CNC at the 9th percentile of its valuation range. The P/S ratio of 0.17 compares to a median of 0.25.
CNC Valuation Metrics & Historical Range
The valuation table above shows Centene Corporation's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether CNC is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests CNC is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for Centene Corporation.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is CNC Overvalued or Undervalued?
Centene Corporation trades well below its historical valuation range across most metrics. The overall valuation percentile of 12 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive CNC is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full CNC analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.CNC trades on NYSE. This page is for informational purposes only and is not financial advice.