Baxter International Inc. (BAX) EV/EBITDA Ratio: 24.37x
Is Baxter International Inc.’s EV/EBITDA ratio high or low?
Baxter International Inc.'s EV/EBITDA ratio of 24.37x is 28% above its 5-year average of 19.10x, near the high end of its 5-year range (13.41x–27.18x).
The EV/EBITDA ratio for Baxter International Inc. (BAX) is 24.37x as of Thursday, June 11, 2026. It is above its 12-month average by 19.99% (20.31x).
BAX EV/EBITDA Ratio Chart
BAX Average EV/EBITDA Ratio Chart
BAX Current vs Average EV/EBITDA Ratio Chart
BAX EV/EBITDA Ratio Metrics
EV/EBITDA RATIO
24.37x
EV/EBITDA RATIO AVG TTM
20.31x
EV/EBITDA RATIO AVG 3Y
19.09x
EV/EBITDA RATIO AVG 5Y
19.10x
EV/EBITDA RATIO AVG 10Y
17.76x
EV/EBITDA RATIO AVG 15Y
14.42x
EV/EBITDA RATIO AVG 20Y
12.44x
CURRENT VS TTM AVG
+19.99%
CURRENT VS 3Y AVG
+27.63%
CURRENT VS 5Y AVG
+27.61%
CURRENT VS 10Y AVG
+37.21%
CURRENT VS 15Y AVG
+68.99%
CURRENT VS 20Y AVG
+95.86%
BAX Competitors' EV/EBITDA Ratio
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Baxter International Inc. (BAX) | $10.49B | 24.37x | 20.31x | 19.09x | 19.10x |
| Charles River Laboratories International, Inc. (CRL) | $9.06B | 15.01x | 19.03x | 15.54x | 17.41x |
| Align Technology, Inc. (ALGN) | $12.56B | 14.39x | 13.92x | 20.40x | 25.91x |
| Bio-Rad Laboratories, Inc. (BIO) | $7.89B | 252.70x | 57.93x | 92.86x | 47.74x |
| Hims & Hers Health, Inc. (HIMS) | $6.42B | 74.96x | 67.13x | 332.36x | 332.36x |
| Hologic, Inc. (HOLX) | $16.97B | 17.28x | 15.01x | 15.35x | 12.41x |
| Moderna, Inc. (MRNA) | $18.40B | N/A | 12.39x | 25.27x | 25.27x |
| BioNTech SE (BNTX) | $21.81B | N/A | 51.40x | 19.63x | 20.05x |
| Mettler-Toledo International Inc. (MTD) | $22.85B | 20.28x | 23.56x | 23.88x | 26.50x |
| Waters Corporation (WAT) | $23.83B | 38.03x | 21.59x | 21.24x | 21.45x |
EV/EBITDA vs. its own history
At 24.4, EV/EBITDA is richer than usual — richer than 97% of its 20-year range.
20-year low
4.2
median
8.7
20-year high
27.4
Understanding EV/EBITDA
Enterprise Value (EV) = Market Cap + Total Debt - Cash
EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization
EV/EBITDA is commonly used for comparing companies because:
- It accounts for debt levels (capital structure neutral)
- It removes effects of different depreciation policies
- It can be compared across countries with different tax rates
- It can remain available when net income is negative, if EBITDA is positive
Baxter International Inc. EV/EBITDA Ratio Formula & Definition
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
Baxter International Inc. EV/EBITDA Ratio FAQ
- What is the EV/EBITDA ratio for Baxter International Inc. (BAX)?
- The EV/EBITDA ratio for BAX stock is 24.37x.
- Is Baxter International Inc.'s EV/EBITDA ratio high or low?
- Baxter International Inc.'s EV/EBITDA ratio of 24.37x is 28% above its 5-year average of 19.10x, near the high end of its 5-year range (13.41x–27.18x).
- What is the TTM average EV/EBITDA ratio for Baxter International Inc. (BAX)?
- The TTM average EV/EBITDA ratio for BAX stock is 20.31x.
- What is the 3Y average EV/EBITDA ratio for Baxter International Inc. (BAX)?
- The 3Y average EV/EBITDA ratio for BAX stock is 19.09x.
- What is the 5Y average EV/EBITDA ratio for Baxter International Inc. (BAX)?
- The 5Y average EV/EBITDA ratio for BAX stock is 19.10x.
- What is the 10Y average EV/EBITDA ratio for Baxter International Inc. (BAX)?
- The 10Y average EV/EBITDA ratio for BAX stock is 17.76x.
- What is the 15Y average EV/EBITDA ratio for Baxter International Inc. (BAX)?
- The 15Y average EV/EBITDA ratio for BAX stock is 14.42x.
- What is the 20Y average EV/EBITDA ratio for Baxter International Inc. (BAX)?
- The 20Y average EV/EBITDA ratio for BAX stock is 12.44x.
Baxter International Inc. EV/EBITDA Ratio History
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-06-10 | 24.37x |
| 2026-06-09 | 24.17x |
| 2026-06-08 | 23.63x |
| 2026-06-05 | 23.72x |
| 2026-06-04 | 23.70x |
| 2026-06-03 | 23.14x |
| 2026-06-02 | 23.24x |
| 2026-06-01 | 23.05x |
| 2026-05-29 | 23.31x |
| 2026-05-28 | 23.63x |
| 2026-05-27 | 23.69x |
| 2026-05-26 | 23.72x |
| 2026-05-22 | 23.59x |
| 2026-05-21 | 23.48x |
| 2026-05-20 | 23.30x |
| 2026-05-19 | 23.00x |
| 2026-05-18 | 22.62x |
| 2026-05-15 | 22.28x |
| 2026-05-14 | 22.62x |
| 2026-05-13 | 22.29x |
| 2026-05-12 | 22.69x |
| 2026-05-11 | 22.44x |
| 2026-05-08 | 22.76x |
| 2026-05-07 | 22.42x |
| 2026-05-06 | 22.06x |
| 2026-05-05 | 21.90x |
| 2026-05-04 | 21.81x |
| 2026-05-01 | 22.22x |
| 2026-04-30 | 22.48x |
| 2026-04-29 | 21.54x |
| 2026-04-28 | 22.24x |
| 2026-04-27 | 22.61x |
| 2026-04-24 | 22.39x |
| 2026-04-23 | 22.55x |
| 2026-04-22 | 22.49x |
| 2026-04-21 | 22.61x |
| 2026-04-20 | 22.84x |
| 2026-04-17 | 22.76x |
| 2026-04-16 | 22.37x |
| 2026-04-15 | 22.01x |
| 2026-04-14 | 22.00x |
| 2026-04-13 | 22.03x |
| 2026-04-10 | 21.71x |
| 2026-04-09 | 21.81x |
| 2026-04-08 | 21.77x |
| 2026-04-07 | 21.35x |
| 2026-04-06 | 21.37x |
| 2026-04-02 | 21.39x |
| 2026-04-01 | 21.46x |
| 2026-03-31 | 21.47x |
| 2026-03-30 | 20.80x |
| 2026-03-27 | 20.92x |
| 2026-03-26 | 21.39x |
| 2026-03-25 | 21.69x |
| 2026-03-24 | 21.42x |
| 2026-03-23 | 21.35x |
| 2026-03-20 | 21.04x |
| 2026-03-19 | 21.38x |
| 2026-03-18 | 21.67x |
| 2026-03-17 | 22.02x |
| 2026-03-16 | 21.66x |
| 2026-03-13 | 21.88x |
| 2026-03-12 | 22.29x |
| 2026-03-11 | 22.31x |
| 2026-03-10 | 21.92x |
| 2026-03-09 | 22.22x |
| 2026-03-06 | 22.07x |
| 2026-03-05 | 22.68x |
| 2026-03-04 | 22.97x |
| 2026-03-03 | 22.97x |
| 2026-03-02 | 23.41x |
| 2026-02-27 | 23.87x |
| 2026-02-26 | 23.86x |
| 2026-02-25 | 24.11x |
| 2026-02-24 | 24.04x |
| 2026-02-23 | 24.47x |
| 2026-02-20 | 24.68x |
| 2026-02-19 | 24.52x |
| 2026-02-18 | 24.88x |
| 2026-02-17 | 24.12x |
| 2026-02-13 | 23.48x |
| 2026-02-12 | 22.76x |
| 2026-02-11 | 18.74x |
| 2026-02-10 | 18.58x |
| 2026-02-09 | 18.47x |
| 2026-02-06 | 18.47x |
| 2026-02-05 | 18.49x |
| 2026-02-04 | 18.12x |
| 2026-02-03 | 17.57x |
| 2026-02-02 | 17.55x |
| 2026-01-30 | 17.65x |
| 2026-01-29 | 17.48x |
| 2026-01-28 | 17.42x |
| 2026-01-27 | 17.40x |
| 2026-01-26 | 17.44x |
| 2026-01-23 | 17.53x |
| 2026-01-22 | 17.65x |
| 2026-01-21 | 17.47x |
| 2026-01-20 | 17.31x |
| 2026-01-16 | 17.67x |
| 2026-01-15 | 17.80x |
| 2026-01-14 | 17.53x |
| 2026-01-13 | 17.44x |
| 2026-01-12 | 17.69x |
| 2026-01-09 | 18.14x |
| 2026-01-08 | 17.96x |
| 2026-01-07 | 17.81x |
| 2026-01-06 | 17.89x |
| 2026-01-05 | 17.56x |
| 2026-01-02 | 17.37x |
| 2025-12-31 | 17.17x |
| 2025-12-30 | 17.27x |
| 2025-12-29 | 17.24x |
| 2025-12-26 | 17.31x |
| 2025-12-24 | 17.17x |
| 2025-12-23 | 17.08x |
| 2025-12-22 | 17.11x |
| 2025-12-19 | 17.10x |
| 2025-12-18 | 17.15x |
| 2025-12-17 | 17.26x |
| 2025-12-16 | 17.14x |
| 2025-12-15 | 17.38x |
| 2025-12-12 | 17.19x |
| 2025-12-11 | 17.07x |
| 2025-12-10 | 16.75x |
| 2025-12-09 | 16.70x |
| 2025-12-08 | 16.70x |
| 2025-12-05 | 16.89x |
| 2025-12-04 | 16.86x |
| 2025-12-03 | 17.06x |
| 2025-12-02 | 17.04x |
| 2025-12-01 | 17.16x |
| 2025-11-28 | 16.99x |
| 2025-11-26 | 17.07x |
| 2025-11-25 | 16.95x |
| 2025-11-24 | 16.71x |
| 2025-11-21 | 16.78x |
| 2025-11-20 | 16.34x |
| 2025-11-19 | 16.47x |
| 2025-11-18 | 16.70x |
| 2025-11-17 | 16.51x |
| 2025-11-14 | 16.86x |
| 2025-11-13 | 16.97x |
| 2025-11-12 | 16.97x |
| 2025-11-11 | 16.75x |
| 2025-11-10 | 16.50x |
| 2025-11-07 | 16.62x |
| 2025-11-06 | 16.61x |
| 2025-11-05 | 16.60x |
| 2025-11-04 | 16.59x |
| 2025-11-03 | 16.81x |
| 2025-10-31 | 16.94x |
| 2025-10-30 | 17.28x |
| 2025-10-29 | 18.90x |
| 2025-10-28 | 19.12x |
| 2025-10-27 | 19.27x |
| 2025-10-24 | 19.20x |
| 2025-10-23 | 19.18x |
| 2025-10-22 | 19.15x |
| 2025-10-21 | 19.07x |
| 2025-10-20 | 19.25x |
| 2025-10-17 | 19.23x |
| 2025-10-16 | 19.17x |
| 2025-10-15 | 19.07x |
| 2025-10-14 | 19.10x |
| 2025-10-13 | 18.75x |
| 2025-10-10 | 18.67x |
| 2025-10-09 | 18.95x |
| 2025-10-08 | 19.07x |
| 2025-10-07 | 19.14x |
| 2025-10-06 | 19.26x |
| 2025-10-03 | 19.62x |
| 2025-10-02 | 19.30x |
| 2025-10-01 | 19.37x |
| 2025-09-30 | 19.08x |
| 2025-09-29 | 18.88x |
| 2025-09-26 | 18.68x |
| 2025-09-25 | 18.55x |
| 2025-09-24 | 18.97x |
| 2025-09-23 | 19.12x |
| 2025-09-22 | 19.10x |
| 2025-09-19 | 19.20x |
| 2025-09-18 | 19.53x |
| 2025-09-17 | 19.29x |
| 2025-09-16 | 19.62x |
| 2025-09-15 | 19.59x |
| 2025-09-12 | 19.68x |
| 2025-09-11 | 19.93x |
| 2025-09-10 | 19.68x |
| 2025-09-09 | 19.91x |
| 2025-09-08 | 19.73x |
| 2025-09-05 | 19.89x |
| 2025-09-04 | 19.48x |
| 2025-09-03 | 19.46x |
| 2025-09-02 | 19.77x |
| 2025-08-29 | 20.03x |
| 2025-08-28 | 19.88x |
| 2025-08-27 | 19.95x |
| 2025-08-26 | 19.93x |
| 2025-08-25 | 19.96x |
| 2025-08-22 | 19.95x |
| 2025-08-21 | 19.61x |
| 2025-08-20 | 19.82x |
| 2025-08-19 | 19.85x |
| 2025-08-18 | 19.49x |
| 2025-08-15 | 19.78x |
| 2025-08-14 | 19.91x |
| 2025-08-13 | 19.74x |
| 2025-08-12 | 19.68x |
| 2025-08-11 | 19.42x |
| 2025-08-08 | 19.53x |
| 2025-08-07 | 19.46x |
| 2025-08-06 | 18.94x |
| 2025-08-05 | 19.11x |
| 2025-08-04 | 19.15x |
| 2025-08-01 | 18.91x |
| 2025-07-31 | 18.80x |
| 2025-07-30 | 21.97x |
| 2025-07-29 | 22.37x |
| 2025-07-28 | 22.21x |
| 2025-07-25 | 22.56x |
| 2025-07-24 | 22.33x |
| 2025-07-23 | 22.23x |
| 2025-07-22 | 21.70x |
| 2025-07-21 | 21.63x |
| 2025-07-18 | 21.83x |
| 2025-07-17 | 21.89x |
| 2025-07-16 | 22.13x |
| 2025-07-15 | 22.07x |
| 2025-07-14 | 22.21x |
| 2025-07-11 | 22.30x |
| 2025-07-10 | 22.80x |
| 2025-07-09 | 22.86x |
| 2025-07-08 | 23.29x |
| 2025-07-07 | 22.80x |
| 2025-07-03 | 23.46x |
| 2025-07-02 | 23.52x |
| 2025-07-01 | 23.57x |
| 2025-06-30 | 23.09x |
| 2025-06-27 | 23.15x |
| 2025-06-26 | 23.20x |
| 2025-06-25 | 23.26x |
| 2025-06-24 | 23.25x |
| 2025-06-23 | 22.95x |
| 2025-06-20 | 22.95x |
| 2025-06-18 | 22.85x |
| 2025-06-17 | 22.91x |
| 2025-06-16 | 23.37x |
| 2025-06-13 | 23.27x |
| 2025-06-12 | 23.64x |
| 2025-06-11 | 23.66x |
| 2025-06-10 | 23.82x |
| 2025-06-09 | 23.38x |
| 2025-06-06 | 23.08x |
| 2025-06-05 | 23.03x |
| 2025-06-04 | 22.94x |
| 2025-06-03 | 23.00x |
| 2025-06-02 | 22.73x |
| 2025-05-30 | 23.20x |
| 2025-05-29 | 23.31x |
Showing the most recent 260 of 4,776 data points. The chart above shows the full history.
Related Metrics
About Baxter International Inc.
Baxter International Inc., operating globally via its subsidiaries, is a leading developer and provider of a wide spectrum of healthcare products. The company's comprehensive portfolio includes various dialysis treatments, such as peritoneal and hemodialysis, along with related therapies and services. It also specializes in intravenous (IV) therapies, infusion pumps, administration sets, and devices for drug reconstitution. Further expanding its pharmaceutical offerings, Baxter delivers pre-mixed and oncology drug platforms, inhaled anesthetic agents, critical care products, and pharmacy compounding services. Nutritional support is provided through its parenteral nutrition therapies and associated products. For surgical procedures, the company develops biological products and medical devices vital for achieving hemostasis, tissue sealing, and preventing adhesions. Additionally, Baxter supplies continuous renal replacement therapies (CRRT) and other organ support solutions, primarily tailored for intensive care units. Beyond direct medical supplies, Baxter provides sophisticated connected care solutions, integrating devices, software, communication systems, and other advanced technologies. This includes a range of patient monitoring and diagnostic technologies designed to aid in the diagnosis, treatment, and management of numerous illnesses and conditions, spanning respiratory therapy, cardiology, vision screening, and physical assessment. The surgical suite benefits from its specialized video technologies, operating tables, lights, pendants, precision positioning tools, and various ancillary accessories. The company also offers contracted services to a multitude of pharmaceutical and biopharmaceutical companies. Baxter's products are utilized across diverse healthcare environments, including hospitals, kidney dialysis centers, nursing homes, rehabilitation centers, doctors' offices, and for home-based patients under medical supervision. Operating in approximately 100 countries, Baxter distributes its extensive product line through a direct sales force, independent distributors, drug wholesalers, and specialty pharmacies or other alternative site providers. The company also holds a collaborative agreement with Celerity Pharmaceutical, LLC, focused on developing generic injectable pre-mixed medications for acute care and oncolytic molecules. Established in 1931, Baxter International Inc. is headquartered in Deerfield, Illinois.
- Sector
- Healthcare
- Industry
- Medical - Instruments & Supplies
- CEO
- Andrew Hider