Cencora (COR) Key Metrics
COR valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $65.06B
- Enterprise value
- $68.50B
- P/E (TTM)
- 25.3 10-yr median 20.4
- Forward P/E
- 15.7
- PEG ratio
- 0.65
- Price / sales
- 0.2 10-yr median 0.1
- Price / book
- 19.5 10-yr median 24.7
- EV / EBITDA
- 13.2 10-yr median 12.0
- Dividend yield
- 0.70% $2.40 a year
- Beta
- 0.58
COR key metrics, FY2016–FY2025
Fiscal year ended September 30, 2025 · U.S. dollarsCOR valuation Price multiples at each fiscal year-end price.
COR returns How much profit the business earns on the capital it uses.
COR per-share figures Results divided by the shares outstanding at year-end.
COR financial health Debt, liquidity and how easily interest is covered.
COR efficiency & capital use Working capital cycle and where the cash goes.
COR valuation history
COR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
COR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
COR cash returned to shareholders
COR price vs earnings per share
COR key metrics
FY2016–FY2025| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $61.01B | $45.08B | $36.82B | $28.58B | $24.90B | $19.85B | $17.44B | $20.32B | $18.34B | $18.25B |
| Enterprise value | $67.36B | $48.50B | $40.95B | $32.64B | $31.11B | $20.23B | $18.56B | $22.49B | $19.70B | $19.95B |
| P/E ratio | 39.3 | 29.9 | 21.1 | 16.8 | 16.2 | — | 20.4 | 12.3 | 44.2 | 12.8 |
| Price / sales | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Price / book | 40.5 | 69.8 | 70.5 | — | 111.5 | — | 6.1 | 6.9 | 8.9 | 8.6 |
| Price / free cash flow | 19.0 | 15.0 | 10.7 | 13.0 | 11.2 | 10.8 | 8.6 | 18.9 | 17.9 | 6.7 |
| Price / operating cash flow | 15.7 | 12.9 | 9.4 | 10.6 | 9.3 | 9.0 | 7.4 | 14.4 | 12.3 | 5.7 |
| EV / sales | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| EV / EBITDA | 18.0 | 14.4 | 12.0 | 10.4 | 10.7 | — | 11.2 | 12.0 | 13.2 | 10.4 |
| EV / free cash flow | 21.0 | 16.2 | 11.9 | 14.8 | 14.0 | 11.0 | 9.1 | 20.9 | 19.3 | 7.4 |
| Earnings yield | 2.5% | 3.3% | 4.7% | 5.9% | 6.2% | −17.1% | 4.9% | 8.2% | 2.3% | 7.8% |
| Free cash flow yield | 5.3% | 6.6% | 9.4% | 7.7% | 8.9% | 9.3% | 11.7% | 5.3% | 5.6% | 14.9% |
| Dividend yield | 0.7% | 0.9% | 1.1% | 1.4% | 1.5% | 1.7% | 1.9% | 1.6% | 1.7% | 1.6% |
| Shareholder yield (dividends + buybacks) | 1.4% | 4.2% | 4.3% | 3.1% | 1.8% | 3.8% | 5.8% | 4.8% | 3.5% | 14.0% |
| Share price at fiscal year-end | $312.53 | $225.08 | $179.97 | $135.33 | $119.45 | $96.92 | $82.33 | $92.22 | $82.75 | $80.78 |
| Per share | ||||||||||
| Revenue per share | $1,646.05 | $1,467.71 | $1,281.45 | $1,129.62 | $1,026.50 | $927.29 | $847.76 | $762.20 | $691.08 | $649.90 |
| Earnings per share | $7.96 | $7.53 | $8.53 | $8.04 | $7.39 | −$16.60 | $4.04 | $7.53 | $1.87 | $6.32 |
| Operating cash flow per share | $19.85 | $17.40 | $19.12 | $12.80 | $12.79 | $10.78 | $11.07 | $6.41 | $6.72 | $14.07 |
| Free cash flow per share | $16.43 | $14.97 | $16.88 | $10.45 | $10.69 | $8.97 | $9.60 | $4.88 | $4.61 | $12.01 |
| Cash per share | $22.51 | $16.13 | $13.15 | $16.73 | $12.22 | $22.45 | $15.93 | $11.31 | $10.99 | $12.25 |
| Book value per share | $7.72 | $3.23 | $2.55 | −$1.00 | $1.07 | −$4.98 | $13.59 | $13.31 | $9.32 | $9.42 |
| Tangible book value per share | −$81.67 | −$63.28 | −$65.91 | −$61.78 | −$67.47 | −$46.94 | −$28.90 | −$30.31 | −$30.74 | −$30.23 |
| Dividends per share | $2.24 | $2.08 | $1.95 | $1.85 | $1.76 | $1.68 | $1.60 | $1.51 | $1.45 | $1.28 |
| Capex per share | $3.42 | $2.43 | $2.24 | $2.35 | $2.10 | $1.81 | $1.46 | $1.53 | $2.10 | $2.06 |
| Debt per share | $55.06 | $33.22 | $33.33 | $35.93 | $41.98 | $24.33 | $21.21 | $21.16 | $17.12 | $19.75 |
| Shares outstanding | 195.2M | 200.3M | 204.6M | 211.2M | 208.5M | 204.8M | 211.8M | 220.3M | 221.6M | 226.0M |
| Change in shares outstanding | −2.5% | −2.1% | −3.1% | +1.3% | +1.8% | −3.3% | −3.9% | −0.6% | −1.9% | +3.8% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 144.3% | 258.4% | — | — | — | — | 29.4% | 66.4% | 19.8% | 104.0% |
| Return on invested capital (ROIC) | 42.5% | 52.9% | 46.2% | 40.9% | 64.2% | — | 36.2% | 38.7% | 27.8% | 56.5% |
| Return on assets (ROA) | 2.2% | 2.3% | 2.9% | 3.0% | 3.0% | −8.1% | 2.2% | 4.5% | 1.2% | 4.7% |
| Return on tangible assets | 2.6% | 2.8% | 3.6% | 3.9% | 3.6% | −9.5% | 2.8% | 5.9% | 1.6% | 5.8% |
| Free cash flow margin | 1.0% | 1.0% | 1.3% | 0.9% | 1.0% | 1.0% | 1.1% | 0.6% | 0.7% | 1.8% |
| Income quality (OCF / net income) | 2.49 | 2.31 | 2.24 | 1.59 | 1.73 | — | 2.74 | 0.85 | 3.59 | 2.23 |
| Financial health | ||||||||||
| Total debt | $10.75B | $6.65B | $6.82B | $7.59B | $8.75B | $4.98B | $4.49B | $4.66B | $3.79B | $4.46B |
| Cash & short-term investments | $4.39B | $3.23B | $2.69B | $3.53B | $2.55B | $4.60B | $3.37B | $2.49B | $2.44B | $2.77B |
| Net debt | $6.35B | $3.42B | $4.13B | $4.06B | $6.20B | $385.4M | $1.12B | $2.17B | $1.36B | $1.69B |
| Debt / equity | 7.13 | 10.30 | 13.06 | — | 39.18 | — | 1.56 | 1.59 | 1.84 | 2.10 |
| Debt / assets | 0.14 | 0.10 | 0.11 | 0.13 | 0.15 | 0.11 | 0.11 | 0.12 | 0.11 | 0.13 |
| Net debt / EBITDA | 1.70 | 1.01 | 1.21 | 1.30 | 2.13 | — | 0.68 | 1.16 | 0.91 | 0.88 |
| Current ratio | 0.90 | 0.88 | 0.88 | 0.91 | 0.94 | 0.98 | 0.95 | 0.93 | 0.91 | 0.90 |
| Quick ratio | 0.55 | 0.53 | 0.52 | 0.52 | 0.57 | 0.60 | 0.58 | 0.50 | 0.48 | 0.48 |
| Interest coverage | 8.7 | 12.2 | 8.9 | 11.9 | 14.7 | 12.8 | 9.5 | 8.7 | 13.5 | 11.7 |
| Working capital | −$5.58B | −$6.56B | −$6.03B | −$3.89B | −$2.56B | −$833.2M | −$1.45B | −$1.98B | −$2.46B | −$2.45B |
| Invested capital | $7.86B | $4.07B | $4.65B | $3.84B | $6.43B | −$633.5M | $4.00B | $5.10B | $3.42B | $3.82B |
| Tangible asset value | −$15.70B | −$12.53B | −$13.34B | −$12.77B | −$13.70B | −$9.43B | −$6.29B | −$6.91B | −$6.81B | −$6.88B |
| Net current asset value | −$22.60B | −$18.60B | −$19.09B | −$16.90B | −$17.95B | −$12.09B | −$8.33B | −$9.07B | −$8.95B | −$8.72B |
| Graham number | $37.20 | $23.38 | $22.13 | — | $13.34 | — | $35.14 | $47.48 | $19.80 | $36.61 |
| Graham net-net per share | −$211.48 | −$178.15 | −$170.06 | −$144.14 | −$157.01 | −$114.75 | −$86.25 | −$81.83 | −$78.33 | −$73.01 |
| Capital allocation | ||||||||||
| Dividends paid | $437.1M | $416.2M | $398.8M | $391.7M | $366.6M | $343.6M | $339.0M | $333.0M | $320.3M | $288.5M |
| Share buybacks (net) | $435.5M | $1.49B | $1.18B | $483.7M | $82.2M | $420.4M | $674.0M | $639.2M | $329.9M | $2.27B |
| Dividend payout ratio | 28.1% | 27.6% | 22.8% | 23.1% | 23.8% | — | 39.6% | 20.1% | 77.3% | 20.2% |
| Dividends + buybacks / free cash flow | 27.2% | 63.6% | 45.7% | 39.7% | 20.1% | 41.6% | 49.8% | 90.4% | 63.6% | 94.1% |
| Capex / revenue | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% |
| Capex / operating cash flow | 17.2% | 14.0% | 11.7% | 18.4% | 16.4% | 16.7% | 13.2% | 23.8% | 31.3% | 14.6% |
| Capex / depreciation | 0.63 | 0.44 | 0.48 | 0.70 | 0.85 | 0.91 | 0.62 | 0.66 | 1.08 | 1.18 |
| Stock-based compensation / revenue | 0.0% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| SG&A / revenue | 2.0% | 1.9% | 2.0% | 2.0% | 1.7% | 0.1% | 0.0% | 0.0% | 0.0% | 0.0% |
| Efficiency | ||||||||||
| Days sales outstanding | 27.9 | 27.8 | 27.5 | 28.3 | 27.9 | 25.6 | 24.1 | 23.5 | 23.2 | 21.6 |
| Days of inventory on hand | 23.2 | 23.3 | 24.8 | 25.6 | 24.6 | 23.3 | 24.0 | 26.0 | 27.2 | 26.1 |
| Days payables outstanding | 62.0 | 61.9 | 61.7 | 61.8 | 61.3 | 59.2 | 57.6 | 58.2 | 60.4 | 57.2 |
| Cash conversion cycle (days) | -10.9 | -10.8 | -9.4 | -7.8 | -8.8 | -10.3 | -9.5 | -8.7 | -10.0 | -9.4 |
| Receivables turnover | 13.09 | 13.13 | 13.26 | 12.89 | 13.09 | 14.23 | 15.15 | 15.54 | 15.72 | 16.88 |
| Payables turnover | 5.89 | 5.90 | 5.91 | 5.91 | 5.96 | 6.16 | 6.34 | 6.27 | 6.04 | 6.39 |
| Inventory turnover | 15.76 | 15.65 | 14.73 | 14.23 | 14.86 | 15.65 | 15.24 | 14.01 | 13.43 | 13.97 |
| Asset turnover | 4.47 | 4.53 | 4.40 | 4.19 | 4.21 | 4.55 | 4.67 | 4.60 | 4.44 | 4.79 |
| Average receivables | $24.55B | $22.39B | $19.77B | $18.51B | $16.34B | $13.34B | $11.85B | $10.81B | $9.74B | $8.70B |
| Average payables | $52.83B | $48.39B | $43.01B | $39.10B | $34.86B | $30.05B | $27.61B | $26.12B | $24.67B | $22.41B |
| Average inventory | $19.75B | $18.23B | $17.27B | $16.23B | $13.98B | $11.82B | $11.49B | $11.69B | $11.09B | $10.24B |
| Intangibles / total assets | 22.8% | 19.8% | 22.4% | 22.7% | 24.9% | 19.4% | 23.0% | 25.5% | 25.1% | 26.7% |
Computed from COR's annual financial statements (latest annual report filed November 25, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
COR valuation and financial ratios
At the end of fiscal 2025 (September 30, 2025), Cencora traded at 39.3 times earnings, against a 10-year median of 20.4. Based on the latest twelve months, the trailing P/E is 25.3 and the forward P/E is 15.7. Cencora earned a return on equity of 144.3% and a return on invested capital of 42.5% in fiscal 2025. It ended the year with $10.7 billion of debt and $4.4 billion in cash and short-term investments, net debt of $6.4 billion. It returned $872.6 million to shareholders: $437.1 million in dividends and $435.5 million in share buybacks, 27% of free cash flow. The share count fell 13.6% from 226.0M to 195.2M over 9 years.
See the COR income statement, the COR chart for price history, or the COR stock overview for the latest quote and news.
COR key metrics FAQ
What is Cencora's P/E ratio?
Cencora's trailing P/E ratio is 25.3 based on the last twelve months of earnings (as of October 17, 2026), and its forward P/E is 15.7. At the end of fiscal 2025 it was 39.3, compared with a 10-year median of 20.4.
What is Cencora's EV/EBITDA?
Cencora's enterprise value was 18.0 times EBITDA at the end of fiscal 2025 (enterprise value $67.4 billion, EBITDA $3.7 billion); the current EV/EBITDA is 13.2.
What is Cencora's return on equity?
Cencora's return on equity (ROE) was 144.3% in fiscal 2025: net income of $1.6 billion on average shareholders' equity of $1.1 billion. ROE is high partly because years of buybacks have reduced equity on the balance sheet.
What is Cencora's ROIC?
Cencora's return on invested capital was 42.5% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Cencora have?
Cencora had total debt of $10.7 billion at the end of fiscal 2025, a debt-to-equity ratio of 7.13 and $6.4 billion of net debt (1.70 times EBITDA).
What is Cencora's dividend yield?
Cencora's forward dividend yield is 0.70%. Cencora paid $437.1 million in dividends in fiscal 2025 ($2.24 per share), a payout ratio of 28.1%.
Does Cencora buy back its shares?
Yes. Cencora spent $435.5 million on net share repurchases in fiscal 2025 Shares outstanding changed −2.5% over the year, to 195.2M..
What is Cencora's free cash flow yield?
Cencora generated $3.2 billion of free cash flow in fiscal 2025, a free cash flow yield of 5.3% on its market value at year-end ($61.0 billion).
What is Cencora's current ratio?
Cencora's current ratio was 0.90 at the end of fiscal 2025: current assets were 0.90 times current liabilities.