McKesson Corporation (MCK) Valuation — DCF, Graham & Comparables

McKesson Corporation (MCK) — Price $994.58 (closing price, October 30, 2026) — Healthcare — Medical - Distribution — NYSE

Latest reported results:

Valuation dashboard for McKesson Corporation (MCK) with P/E 26.61, P/B -27.84, EV/EBITDA 16.7 and dividend yield 0.34%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Healthcare companies.

McKesson Corporation is a prominent global provider of healthcare services, operating extensively in both the United States and international markets. Its diverse operations are strategically organized into four key business segments. The U.S.

What would it be worth at its usual multiples?

Versus its usual multiples: fairly priced · Current P/E 26.6× · Multiples range: $1,146.89 · $1,146.89.

At its sector median (30.7×) $1,147 (+15 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.

Analysis Summary

McKesson Corporation reported revenue of $403.43B in the most recent fiscal year, growing at a 5-year CAGR of 11.1%.

Trailing-twelve-month margins: gross margin 3.6%, operating margin 1.6%, net margin 1.1%.

At $994.58 (closing price, October 30, 2026), MCK trades at a P/E of 26.61 and an ROE of -194.39%. Market capitalisation stands at $116.0B, placing it among large-cap names.

Balance sheet quality for MCK: debt-to-equity ratio of -2.76, current ratio of 0.89 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio26.61
Price / Book-27.84
EV / EBITDA16.7
Dividend Yield0.34%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
MCKMcKesson Corporation$116.0B26.61-194.4%
CORCencora, Inc.$63.1B24.5820.94106.4%
CAHCardinal Health, Inc.$58.0B34.64-59.7%
0JZU.LMcKesson Corporation$117.5B26.67-194.4%
0HF3.LCencora, Inc.$63.6B24.4820.95106.4%
0HTG.LCardinal Health, Inc.$58.9B34.33-59.7%
HSICHenry Schein, Inc.$9.5B24.753.0512.4%
0L3C.LHenry Schein, Inc.$9.4B24.553.0512.4%

Price

Price$994.58 (closing price, October 30, 2026)
Market Cap$116.0B
ExchangeNYSE
CountryUS

Profitability

Return on Equity-194.39%
Return on Invested Capital27.91%
Return on Assets5.20%
Gross Margin3.64%
Operating Margin1.62%
Net Margin1.12%

Related companies: COR · CAH · 0JZU.L · 0HF3.L · 0HTG.L · HSIC · 0L3C.L

Explore sector: Healthcare · Medical - Distribution

More sections of MCK: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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