CVS

CVS Health Corp.

Healthcare · $109.7B market cap

Share price

$86.46

close of Oct 3, 2026

Fair value

$60.71

Sticker Price

Payback Price

$24.29

buy price

Overpriced

CVS is Overpriced: at $86.46 it trades 42% above its fair value of $60.71. Its buy price (Payback Price) is $24.29, 72% below today's price. Business quality is mixed: 2 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow Growth. Free cash flow is growing faster than reported earnings, so we project free cash flow 10 years ahead instead.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth6.8% a year✗

Equity per share growth6.1% a year✗

Sales growth10.1% a year✓

Free cash flow growth13.9% a year✓

Return on invested capital4.7%✗

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Superinvestors

10 of the investors we track hold CVS. In Q2 2026, 1 opened a position, 3 trimmed and 2 sold out. Who we track

Dodge & Cox Funds

Dodge & Cox Funds · as of Q2 2026

$5.2B

50,012,765 shares

Richard Pzena

Pzena Investment Management · as of Q2 2026

$1.2B

11,769,536 shares

Viking Global Investors

Viking Global Investors · as of Q2 2026

$379.0M

3,663,361 shares

Prem Watsa

Fairfax Financial Holdings · as of Q2 2026

$280.5M

2,712,000 shares

Samantha McLemore

Patient Capital Management · as of Q2 2026

$127.8M

1,235,505 shares

Show all 10 holders

John Rogers

Ariel Investments · as of Q2 2026

$75.5M

730,110 shares

Leon Cooperman

Leon Cooperman · as of Q4 2018

$52.1M

795,900 shares

Bill Nygren

Oakmark Funds · as of Q2 2026

$34.7M

335,817 shares

Hillman Capital Management

Hillman Capital Management · as of Q2 2026

$5.7M

55,475 shares

David Katz

Matrix Asset Advisors · as of Q2 2026

$639K

6,175 shares

Moves in Q2 2026

New position: Viking Global Investors

Trimmed: Bill Nygren, Richard Pzena, Hillman Capital Management

Sold out: Tweedy Browne, Lee Ainslie

Insider activity

Since Jun 26, 2026: no open-market purchases and 1 other filing (stock awards, tax withholding and similar). Why purchases matter

Other filings

Clark James David

SVP, Cont & Chief Acct Officer · 2026-06-26

Tax withholding

$41K

About CVS Health Corp.

CVS Health Corp. is a health solutions company, which engages in the provision of healthcare services. It operates through the following segments: Health Care Benefits, Health Services, Pharmacy and Consumer Wellness, and Corporate and Other. The Health Care Benefits segment operates as a health care benefits provider. The Health Services segment offers a full range of PBM solutions, delivers health care services in…

Medical - Healthcare Plans