CVS Health Earnings before Tax vs Enterprise Value Analysis

CVS -- USA Stock  

Buyout Trend

CVS Health financial indicator trend analysis is way more than just evaluating CVS Health prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether CVS Health is a good investment. Please check the relationship between CVS Health Earnings before Tax and its Enterprise Value accounts. Check also Trending Equities.

Earnings before Tax vs Enterprise Value

Accounts Relationship

Earnings before Tax vs Enterprise Value

Significance: Almost Identical Trend

Earnings before Tax diversification synergy
Overlapping area represents amount of trend that can be explained by analyzing historical patterns of CVS Health Earnings before Tax account and Enterprise Value

Correlation Coefficient

0.95
Relationship DirectionPositive 
Relationship StrengthVery Strong

Earnings before Tax

Earnings Before Tax is calculated by adding [TaxExp] back to [NetInc].

Enterprise Value

Enterprise Value (or EV) is usually referred to as CVS Health theoretical takeover price. In the event of an acquisition, an acquirer would have to take on CVS Health debt, but would also pocket its cash. Enterprise Value is more accurate representation of CVS Health value than its market capitalization because it takes into account all of CVS Health Corporation existing debt. Enterprise value is a measure of the value of a business as a whole; calculated as [MarketCap] plus [DebtUSD] minus [CashnEqUSD].
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