Basis: Current FMP quote-based enterprise value / four-quarter operating income plus matched D&A. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBITDA ratio high or low?
The EV/EBITDA ratio of 19.75x is 20% above its estimated 5-year average of 16.46x, around the middle of its estimated 5-year range (10.79x–27.86x).
As of 2026-09-16T16:55:15.959Z. 9.55% below its estimated 12-month average of 21.84x.
Calculation as of: 2026-09-16T16:55:15.959Z.
Quote observation: 2026-09-16T16:55:12.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 684fa4e30266f056fdb50f7c6f291896b2e30d6098fd6570ff24d70b6c41d93f
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/EBITDA RATIO
19.75x
EV/EBITDA RATIO AVG TTM
21.84x
EV/EBITDA RATIO AVG 3Y
19.20x
EV/EBITDA RATIO AVG 5Y
16.46x
EV/EBITDA RATIO AVG 10Y
15.28x
EV/EBITDA RATIO AVG 15Y
15.30x
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-9.55%
CURRENT VS 3Y AVG
+2.86%
CURRENT VS 5Y AVG
+20.02%
CURRENT VS 10Y AVG
+29.25%
CURRENT VS 15Y AVG
+29.07%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
16.59x
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
+19.05%
vs the sector median at left
Market Cap
$355.81B
EV/EBITDA Ratio
22.78x
TTM Avg
12.19x
3Y Avg
19.37x
5Y Avg
18.06x
Market Cap
$343.42B
EV/EBITDA Ratio
14.95x
TTM Avg
13.85x
3Y Avg
13.74x
5Y Avg
15.19x
Market Cap
$644.74B
EV/EBITDA Ratio
19.80x
TTM Avg
17.89x
3Y Avg
14.81x
5Y Avg
15.03x
Market Cap
$253.46B
EV/EBITDA Ratio
13.81x
TTM Avg
16.37x
3Y Avg
16.92x
5Y Avg
20.64x
Market Cap
$240.66B
EV/EBITDA Ratio
26.59x
TTM Avg
22.10x
3Y Avg
21.67x
5Y Avg
20.95x
Market Cap
$186.25B
EV/EBITDA Ratio
7.66x
TTM Avg
9.44x
3Y Avg
20.09x
5Y Avg
22.31x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AbbVie Inc. (ABBV) | $465.07B | 19.75x | 21.84x | 19.20x | 16.46x |
| Merck & Co., Inc. (MRK)vs › | $355.81B | 22.78x | 12.19x | 19.37x | 18.06x |
| Roche Holding AG (RHHBY)vs › | $353.63B | N/A | N/A | N/A | N/A |
| UnitedHealth Group Incorporated (UNH)vs › | $343.42B | 14.95x | 13.85x | 13.74x | 15.19x |
| Johnson & Johnson (JNJ)vs › | $644.74B | 19.80x | 17.89x | 14.81x | 15.03x |
| AstraZeneca PLC (AZN)vs › | $253.46B | 13.81x | 16.37x | 16.92x | 20.64x |
| Thermo Fisher Scientific Inc. (TMO)vs › | $240.66B | 26.59x | 22.10x | 21.67x | 20.95x |
| Amgen Inc. (AMGN)vs › | $203.74B | N/A | 15.42x | 16.31x | 15.14x |
| Novo Nordisk A/S (NVO)vs › | $186.25B | 7.66x | 9.44x | 20.09x | 22.31x |
| Gilead Sciences, Inc. (GILD)vs › | $184.26B | N/A | 47.63x | 29.92x | 22.39x |
At 19.8, EV/EBITDA is above its estimated 14-year median — higher than 85% of readings in its estimated 14-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 14-year low
7.5
median
14.6
estimated 14-year high
28.4
EV/EBITDA = Enterprise Value / EBITDA (TTM)
Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-09-11 | 19.39x |
| 2026-09-10 | 19.25x |
| 2026-09-09 | 18.98x |
| 2026-09-08 | 18.84x |
| 2026-09-04 | 19.34x |
| 2026-09-03 | 19.59x |
| 2026-09-02 | 19.69x |
| 2026-09-01 | 19.58x |
| 2026-08-31 | 19.34x |
| 2026-08-28 | 19.28x |
| 2026-08-27 | 19.46x |
| 2026-08-26 | 19.77x |
| 2026-08-25 | 19.96x |
| 2026-08-24 | 19.88x |
| 2026-08-21 | 19.91x |
| 2026-08-20 | 19.70x |
| 2026-08-19 | 19.97x |
| 2026-08-18 | 19.51x |
| 2026-08-17 | 18.94x |
| 2026-08-14 | 18.88x |
| 2026-08-13 | 18.97x |
| 2026-08-12 | 18.84x |
| 2026-08-11 | 18.92x |
| 2026-08-10 | 18.78x |
| 2026-08-07 | 18.66x |
| 2026-08-06 | 18.51x |
| 2026-08-05 | 18.67x |
| 2026-08-04 | 18.51x |
| 2026-08-03 | 19.63x |
| 2026-07-31 | 20.04x |
| 2026-07-30 | 20.50x |
| 2026-07-29 | 20.91x |
| 2026-07-28 | 20.90x |
| 2026-07-27 | 20.46x |
| 2026-07-24 | 20.63x |
| 2026-07-23 | 20.46x |
| 2026-07-22 | 20.21x |
| 2026-07-21 | 20.40x |
| 2026-07-20 | 20.21x |
| 2026-07-17 | 20.29x |
| 2026-07-16 | 20.28x |
| 2026-07-15 | 19.57x |
| 2026-07-14 | 19.61x |
| 2026-07-13 | 19.84x |
| 2026-07-10 | 19.84x |
| 2026-07-09 | 19.97x |
| 2026-07-08 | 20.17x |
| 2026-07-07 | 20.30x |
| 2026-07-06 | 20.31x |
| 2026-07-02 | 20.75x |
| 2026-07-01 | 20.05x |
| 2026-06-30 | 20.09x |
| 2026-06-29 | 20.28x |
| 2026-06-26 | 20.21x |
| 2026-06-25 | 19.50x |
| 2026-06-24 | 18.92x |
| 2026-06-23 | 18.91x |
| 2026-06-22 | 18.58x |
| 2026-06-18 | 17.63x |
| 2026-06-17 | 17.97x |
| 2026-06-16 | 18.05x |
| 2026-06-15 | 17.99x |
| 2026-06-12 | 18.42x |
| 2026-06-11 | 18.21x |
| 2026-06-10 | 18.23x |
| 2026-06-09 | 18.26x |
| 2026-06-08 | 18.09x |
| 2026-06-05 | 18.39x |
| 2026-06-04 | 18.23x |
| 2026-06-03 | 17.68x |
| 2026-06-02 | 17.56x |
| 2026-06-01 | 17.39x |
| 2026-05-29 | 17.72x |
| 2026-05-28 | 17.78x |
| 2026-05-27 | 17.56x |
| 2026-05-26 | 17.40x |
| 2026-05-22 | 17.58x |
| 2026-05-21 | 17.50x |
| 2026-05-20 | 17.34x |
| 2026-05-19 | 17.44x |
| 2026-05-18 | 17.14x |
| 2026-05-15 | 17.21x |
| 2026-05-14 | 17.24x |
| 2026-05-13 | 17.08x |
| 2026-05-12 | 17.03x |
| 2026-05-11 | 16.68x |
| 2026-05-08 | 17.21x |
| 2026-05-07 | 17.29x |
| 2026-05-06 | 17.46x |
| 2026-05-05 | 17.54x |
| 2026-05-04 | 17.69x |
| 2026-05-01 | 17.57x |
| 2026-04-30 | 17.91x |
| 2026-04-29 | 17.38x |
| 2026-04-28 | 16.93x |
| 2026-04-27 | 16.90x |
| 2026-04-24 | 17.00x |
| 2026-04-23 | 17.16x |
| 2026-04-22 | 17.13x |
| 2026-04-21 | 17.47x |
| 2026-04-20 | 17.36x |
| 2026-04-17 | 17.70x |
| 2026-04-16 | 17.75x |
| 2026-04-15 | 17.70x |
| 2026-04-14 | 17.84x |
| 2026-04-13 | 17.56x |
| 2026-04-10 | 17.67x |
| 2026-04-09 | 17.99x |
| 2026-04-08 | 17.93x |
| 2026-04-07 | 17.56x |
| 2026-04-06 | 17.58x |
| 2026-04-02 | 17.73x |
| 2026-04-01 | 18.18x |
| 2026-03-31 | 18.36x |
| 2026-03-30 | 18.04x |
| 2026-03-27 | 17.78x |
| 2026-03-26 | 17.90x |
| 2026-03-25 | 17.61x |
| 2026-03-24 | 17.47x |
| 2026-03-23 | 17.45x |
| 2026-03-20 | 17.46x |
| 2026-03-19 | 17.55x |
| 2026-03-18 | 17.70x |
| 2026-03-17 | 18.53x |
| 2026-03-16 | 18.65x |
| 2026-03-13 | 18.52x |
| 2026-03-12 | 18.93x |
| 2026-03-11 | 19.10x |
| 2026-03-10 | 19.05x |
| 2026-03-09 | 19.08x |
| 2026-03-06 | 19.28x |
| 2026-03-05 | 19.44x |
| 2026-03-04 | 19.72x |
| 2026-03-03 | 19.55x |
| 2026-03-02 | 19.58x |
| 2026-02-27 | 19.42x |
| 2026-02-26 | 18.88x |
| 2026-02-25 | 19.04x |
| 2026-02-24 | 19.16x |
| 2026-02-23 | 19.23x |
| 2026-02-20 | 26.68x |
| 2026-02-19 | 26.64x |
| 2026-02-18 | 27.08x |
| 2026-02-17 | 27.51x |
| 2026-02-13 | 27.37x |
| 2026-02-12 | 26.96x |
| 2026-02-11 | 26.27x |
| 2026-02-10 | 26.44x |
| 2026-02-09 | 26.52x |
| 2026-02-06 | 26.54x |
| 2026-02-05 | 26.09x |
| 2026-02-04 | 25.89x |
| 2026-02-03 | 26.77x |
| 2026-02-02 | 26.77x |
| 2026-01-30 | 26.50x |
| 2026-01-29 | 26.23x |
| 2026-01-28 | 26.05x |
| 2026-01-27 | 26.59x |
| 2026-01-26 | 26.27x |
| 2026-01-23 | 26.11x |
| 2026-01-22 | 26.00x |
| 2026-01-21 | 25.80x |
| 2026-01-20 | 25.58x |
| 2026-01-16 | 25.61x |
| 2026-01-15 | 25.86x |
| 2026-01-14 | 26.38x |
| 2026-01-13 | 26.27x |
| 2026-01-12 | 26.19x |
| 2026-01-09 | 26.20x |
| 2026-01-08 | 26.61x |
| 2026-01-07 | 27.56x |
| 2026-01-06 | 26.59x |
| 2026-01-05 | 26.21x |
| 2026-01-02 | 27.14x |
| 2025-12-31 | 27.06x |
| 2025-12-30 | 27.19x |
| 2025-12-29 | 27.31x |
| 2025-12-26 | 27.21x |
| 2025-12-24 | 27.20x |
| 2025-12-23 | 27.09x |
| 2025-12-22 | 27.00x |
| 2025-12-19 | 26.89x |
| 2025-12-18 | 26.48x |
| 2025-12-17 | 26.63x |
| 2025-12-16 | 26.57x |
| 2025-12-15 | 26.95x |
| 2025-12-12 | 26.53x |
| 2025-12-11 | 26.60x |
| 2025-12-10 | 26.72x |
| 2025-12-09 | 26.50x |
| 2025-12-08 | 26.51x |
| 2025-12-05 | 26.81x |
| 2025-12-04 | 27.08x |
| 2025-12-03 | 27.24x |
| 2025-12-02 | 26.64x |
| 2025-12-01 | 26.71x |
| 2025-11-28 | 26.98x |
| 2025-11-26 | 26.97x |
| 2025-11-25 | 27.40x |
| 2025-11-24 | 27.16x |
| 2025-11-21 | 27.86x |
| 2025-11-20 | 27.16x |
| 2025-11-19 | 27.51x |
| 2025-11-18 | 27.61x |
| 2025-11-17 | 27.62x |
| 2025-11-14 | 27.46x |
| 2025-11-13 | 27.45x |
| 2025-11-12 | 27.55x |
| 2025-11-11 | 26.72x |
| 2025-11-10 | 26.06x |
| 2025-11-07 | 26.10x |
| 2025-11-06 | 26.09x |
| 2025-11-05 | 25.86x |
| 2025-11-04 | 23.21x |
| 2025-11-03 | 22.85x |
| 2025-10-31 | 23.41x |
| 2025-10-30 | 24.35x |
| 2025-10-29 | 24.06x |
| 2025-10-28 | 24.29x |
| 2025-10-27 | 24.33x |
| 2025-10-24 | 24.33x |
| 2025-10-23 | 24.35x |
| 2025-10-22 | 24.39x |
| 2025-10-21 | 24.64x |
| 2025-10-20 | 24.70x |
| 2025-10-17 | 24.47x |
| 2025-10-16 | 24.22x |
| 2025-10-15 | 24.16x |
| 2025-10-14 | 24.43x |
| 2025-10-13 | 24.54x |
| 2025-10-10 | 24.56x |
| 2025-10-09 | 24.58x |
| 2025-10-08 | 24.63x |
| 2025-10-07 | 24.77x |
| 2025-10-06 | 24.53x |
| 2025-10-03 | 24.87x |
| 2025-10-02 | 25.12x |
| 2025-10-01 | 25.84x |
| 2025-09-30 | 24.65x |
| 2025-09-29 | 23.88x |
| 2025-09-26 | 23.65x |
| 2025-09-25 | 23.46x |
| 2025-09-24 | 23.59x |
| 2025-09-23 | 23.83x |
| 2025-09-22 | 23.83x |
| 2025-09-19 | 23.82x |
| 2025-09-18 | 23.77x |
| 2025-09-17 | 23.67x |
| 2025-09-16 | 23.25x |
| 2025-09-15 | 23.37x |
| 2025-09-12 | 23.44x |
| 2025-09-11 | 23.61x |
| 2025-09-10 | 22.82x |
| 2025-09-09 | 22.71x |
| 2025-09-08 | 22.65x |
| 2025-09-05 | 22.91x |
| 2025-09-04 | 22.95x |
| 2025-09-03 | 22.84x |
| 2025-09-02 | 22.85x |
| 2025-08-29 | 22.71x |
Showing the most recent 260 of 3,459 data points. The chart above shows the full history.
