McKesson (MCK) Stock Still Looks Reasonable On Its 345% Run

McKesson (MCK) stock has seen a 345% return over the past five years, yet valuation checks suggest it remains undervalued. The company's P/E ratio of 21.3x is below industry and peer averages, and a valuation model indicates a fair P/E closer to 30.1x. Despite a recent 15% dividend increase, the stock appears to trade at a discount to its fundamentals, indicating potential for further upside.