What Are CVS Health and Walgreens’ Valuations?
Currently, Walgreens Boots Alliance (WBA) and CVS Health (CVS) are valued below their historical averages. Walgreens stock trades around 10.2x the next 12-month earnings. Walgreens stock touched the lower end of its 52-week forward PE range of 10.1x–15.8x. The stock’s three-year average PE ratio is even higher at 16x.