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 9.72x is 12% above its estimated 5-year average of 8.70x, around the middle of its estimated 5-year range (6.64x–11.09x).
As of 2026-09-11T02:31:24.228Z. 14.88% above its estimated 12-month average of 8.46x.
Calculation as of: 2026-09-11T02:31:24.228Z.
Quote observation: 2026-09-10T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 4618fa98b793ca45308c7b5853db067fefebf78840d843e4aa112edc3983597b
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 2026-09-10.
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
9.72x
EV/EBITDA RATIO AVG TTM
8.46x
EV/EBITDA RATIO AVG 3Y
8.07x
EV/EBITDA RATIO AVG 5Y
8.70x
EV/EBITDA RATIO AVG 10Y
12.21x
EV/EBITDA RATIO AVG 15Y
14.18x
EV/EBITDA RATIO AVG 20Y
13.07x
CURRENT VS TTM AVG
+14.88%
CURRENT VS 3Y AVG
+20.51%
CURRENT VS 5Y AVG
+11.78%
CURRENT VS 10Y AVG
-20.39%
CURRENT VS 15Y AVG
-31.47%
CURRENT VS 20Y AVG
-25.62%
SECTOR MEDIAN · HEALTHCARE
15.96x
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
-39.12%
vs the sector median at left
Bristol-Myers Squibb Company
Market Cap
$130.22B
EV/EBITDA Ratio
9.72x
TTM Avg
8.46x
3Y Avg
8.07x
5Y Avg
8.70x
Market Cap
$130.60B
EV/EBITDA Ratio
24.83x
TTM Avg
25.25x
3Y Avg
24.48x
5Y Avg
21.35x
Market Cap
$127.34B
EV/EBITDA Ratio
29.44x
TTM Avg
45.91x
3Y Avg
57.80x
5Y Avg
54.07x
Market Cap
$121.58B
EV/EBITDA Ratio
14.56x
TTM Avg
17.49x
3Y Avg
12.62x
5Y Avg
12.53x
Market Cap
$141.00B
EV/EBITDA Ratio
22.59x
TTM Avg
21.35x
3Y Avg
23.29x
5Y Avg
21.62x
Market Cap
$103.51B
EV/EBITDA Ratio
16.59x
TTM Avg
21.98x
3Y Avg
24.50x
5Y Avg
23.97x
Market Cap
$103.13B
EV/EBITDA Ratio
14.78x
TTM Avg
18.41x
3Y Avg
17.40x
5Y Avg
15.30x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Bristol-Myers Squibb Company (BMY) | $130.22B | 9.72x | 8.46x | 8.07x | 8.70x |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $130.60B | 24.83x | 25.25x | 24.48x | 21.35x |
| Intuitive Surgical, Inc. (ISRG)vs › | $127.34B | 29.44x | 45.91x | 57.80x | 54.07x |
| CVS Health Corp. (CVS)vs › | $121.58B | 14.56x | 17.49x | 12.62x | 12.53x |
| Danaher Corporation (DHR)vs › | $141.00B | 22.59x | 21.35x | 23.29x | 21.62x |
| Medtronic plc (MDT)vs › | $117.28B | 14.92x | 15.58x | 16.22x | 17.03x |
| Stryker Corporation (SYK)vs › | $103.51B | 16.59x | 21.98x | 24.50x | 23.97x |
| McKesson Corporation (MCK)vs › | $103.13B | 14.78x | 18.41x | 17.40x | 15.30x |
| Pfizer Inc. (PFE)vs › | $157.59B | 10.13x | 9.20x | 13.58x | 11.95x |
| Sanofi (SNY)vs › | $102.58B | 9.79x | 11.55x | 12.30x | 11.78x |
At 9.7, EV/EBITDA is near its estimated 20-year median — higher than 41% of readings in its estimated 20-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 20-year low
6.4
median
11.1
estimated 20-year high
64.6
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 |
|---|---|
| 2026-09-10 | 9.74x |
| 2026-09-09 | 9.82x |
| 2026-09-08 | 9.85x |
| 2026-09-04 | 10.11x |
| 2026-09-03 | 10.27x |
| 2026-09-02 | 10.21x |
| 2026-09-01 | 10.12x |
| 2026-08-31 | 10.11x |
| 2026-08-28 | 10.08x |
| 2026-08-27 | 10.13x |
| 2026-08-26 | 10.20x |
| 2026-08-25 | 10.24x |
| 2026-08-24 | 10.17x |
| 2026-08-21 | 10.13x |
| 2026-08-20 | 9.95x |
| 2026-08-19 | 10.21x |
| 2026-08-18 | 10.02x |
| 2026-08-17 | 9.85x |
| 2026-08-14 | 9.75x |
| 2026-08-13 | 9.85x |
| 2026-08-12 | 9.73x |
| 2026-08-11 | 9.72x |
| 2026-08-10 | 9.87x |
| 2026-08-07 | 9.86x |
| 2026-08-06 | 9.79x |
| 2026-08-05 | 9.73x |
| 2026-08-04 | 10.00x |
| 2026-08-03 | 9.95x |
| 2026-07-31 | 9.93x |
| 2026-07-30 | 9.86x |
| 2026-07-29 | 9.65x |
| 2026-07-28 | 9.71x |
| 2026-07-27 | 9.58x |
| 2026-07-24 | 9.53x |
| 2026-07-23 | 9.46x |
| 2026-07-22 | 9.37x |
| 2026-07-21 | 9.39x |
| 2026-07-20 | 9.30x |
| 2026-07-17 | 9.37x |
| 2026-07-16 | 9.34x |
| 2026-07-15 | 9.13x |
| 2026-07-14 | 8.92x |
| 2026-07-13 | 9.20x |
| 2026-07-10 | 8.99x |
| 2026-07-09 | 9.03x |
| 2026-07-08 | 8.99x |
| 2026-07-07 | 9.04x |
| 2026-07-06 | 8.89x |
| 2026-07-02 | 9.06x |
| 2026-07-01 | 8.86x |
| 2026-06-30 | 9.00x |
| 2026-06-29 | 9.11x |
| 2026-06-26 | 8.98x |
| 2026-06-25 | 8.73x |
| 2026-06-24 | 8.69x |
| 2026-06-23 | 8.75x |
| 2026-06-22 | 8.65x |
| 2026-06-18 | 8.57x |
| 2026-06-17 | 8.72x |
| 2026-06-16 | 8.79x |
| 2026-06-15 | 8.83x |
| 2026-06-12 | 8.94x |
| 2026-06-11 | 8.91x |
| 2026-06-10 | 8.76x |
| 2026-06-09 | 8.86x |
| 2026-06-08 | 8.75x |
| 2026-06-05 | 8.96x |
| 2026-06-04 | 8.88x |
| 2026-06-03 | 8.65x |
| 2026-06-02 | 8.62x |
| 2026-06-01 | 8.68x |
| 2026-05-29 | 8.94x |
| 2026-05-28 | 8.91x |
| 2026-05-27 | 8.98x |
| 2026-05-26 | 9.05x |
| 2026-05-22 | 9.22x |
| 2026-05-21 | 9.23x |
| 2026-05-20 | 9.11x |
| 2026-05-19 | 9.08x |
| 2026-05-18 | 8.96x |
| 2026-05-15 | 8.92x |
| 2026-05-14 | 8.90x |
| 2026-05-13 | 8.85x |
| 2026-05-12 | 8.86x |
| 2026-05-11 | 8.76x |
| 2026-05-08 | 8.82x |
| 2026-05-07 | 8.83x |
| 2026-05-06 | 8.87x |
| 2026-05-05 | 8.91x |
| 2026-05-04 | 8.97x |
| 2026-05-01 | 9.07x |
| 2026-04-30 | 9.06x |
| 2026-04-29 | 8.71x |
| 2026-04-28 | 8.79x |
| 2026-04-27 | 8.73x |
| 2026-04-24 | 8.84x |
| 2026-04-23 | 8.88x |
| 2026-04-22 | 8.85x |
| 2026-04-21 | 8.92x |
| 2026-04-20 | 8.89x |
| 2026-04-17 | 9.01x |
| 2026-04-16 | 8.87x |
| 2026-04-15 | 8.74x |
| 2026-04-14 | 8.77x |
| 2026-04-13 | 8.76x |
| 2026-04-10 | 8.83x |
| 2026-04-09 | 8.93x |
| 2026-04-08 | 8.90x |
| 2026-04-07 | 8.72x |
| 2026-04-06 | 8.91x |
| 2026-04-02 | 8.94x |
| 2026-04-01 | 9.19x |
| 2026-03-31 | 9.06x |
| 2026-03-30 | 8.96x |
| 2026-03-27 | 8.82x |
| 2026-03-26 | 8.92x |
| 2026-03-25 | 8.87x |
| 2026-03-24 | 8.69x |
| 2026-03-23 | 8.64x |
| 2026-03-20 | 8.70x |
| 2026-03-19 | 8.77x |
| 2026-03-18 | 8.92x |
| 2026-03-17 | 8.95x |
| 2026-03-16 | 8.95x |
| 2026-03-13 | 8.88x |
| 2026-03-12 | 8.87x |
| 2026-03-11 | 8.99x |
| 2026-03-10 | 9.00x |
| 2026-03-09 | 9.06x |
| 2026-03-06 | 9.02x |
| 2026-03-05 | 9.07x |
| 2026-03-04 | 9.26x |
| 2026-03-03 | 9.13x |
| 2026-03-02 | 9.26x |
| 2026-02-27 | 9.26x |
| 2026-02-26 | 9.11x |
| 2026-02-25 | 9.14x |
| 2026-02-24 | 9.17x |
| 2026-02-23 | 9.13x |
| 2026-02-20 | 9.06x |
| 2026-02-19 | 9.02x |
| 2026-02-18 | 8.96x |
| 2026-02-17 | 9.03x |
| 2026-02-13 | 9.07x |
| 2026-02-12 | 8.97x |
| 2026-02-11 | 8.58x |
| 2026-02-10 | 8.68x |
| 2026-02-09 | 8.67x |
| 2026-02-06 | 8.81x |
| 2026-02-05 | 8.53x |
| 2026-02-04 | 8.32x |
| 2026-02-03 | 8.14x |
| 2026-02-02 | 8.13x |
| 2026-01-30 | 8.04x |
| 2026-01-29 | 7.95x |
| 2026-01-28 | 7.99x |
| 2026-01-27 | 8.09x |
| 2026-01-26 | 7.99x |
| 2026-01-23 | 7.99x |
| 2026-01-22 | 8.02x |
| 2026-01-21 | 7.98x |
| 2026-01-20 | 7.94x |
| 2026-01-16 | 8.06x |
| 2026-01-15 | 8.21x |
| 2026-01-14 | 8.25x |
| 2026-01-13 | 8.13x |
| 2026-01-12 | 8.12x |
| 2026-01-09 | 8.13x |
| 2026-01-08 | 8.13x |
| 2026-01-07 | 8.22x |
| 2026-01-06 | 7.97x |
| 2026-01-05 | 7.82x |
| 2026-01-02 | 7.86x |
| 2025-12-31 | 7.91x |
| 2025-12-30 | 7.94x |
| 2025-12-29 | 7.93x |
| 2025-12-26 | 7.99x |
| 2025-12-24 | 8.00x |
| 2025-12-23 | 7.95x |
| 2025-12-22 | 7.99x |
| 2025-12-19 | 7.94x |
| 2025-12-18 | 7.85x |
| 2025-12-17 | 7.87x |
| 2025-12-16 | 7.95x |
| 2025-12-15 | 7.95x |
| 2025-12-12 | 7.74x |
| 2025-12-11 | 7.61x |
| 2025-12-10 | 7.61x |
| 2025-12-09 | 7.55x |
| 2025-12-08 | 7.66x |
| 2025-12-05 | 7.71x |
| 2025-12-04 | 7.69x |
| 2025-12-03 | 7.58x |
| 2025-12-02 | 7.28x |
| 2025-12-01 | 7.38x |
| 2025-11-28 | 7.39x |
| 2025-11-26 | 7.39x |
| 2025-11-25 | 7.37x |
| 2025-11-24 | 7.23x |
| 2025-11-21 | 7.06x |
| 2025-11-20 | 7.02x |
| 2025-11-19 | 7.01x |
| 2025-11-18 | 7.15x |
| 2025-11-17 | 7.12x |
| 2025-11-14 | 7.10x |
| 2025-11-13 | 7.32x |
| 2025-11-12 | 7.37x |
| 2025-11-11 | 7.33x |
| 2025-11-10 | 7.17x |
| 2025-11-07 | 7.11x |
| 2025-11-06 | 7.10x |
| 2025-11-05 | 7.08x |
| 2025-11-04 | 6.99x |
| 2025-11-03 | 7.03x |
| 2025-10-31 | 7.04x |
| 2025-10-30 | 7.07x |
| 2025-10-29 | 6.73x |
| 2025-10-28 | 6.76x |
| 2025-10-27 | 6.82x |
| 2025-10-24 | 6.87x |
| 2025-10-23 | 6.87x |
| 2025-10-22 | 6.93x |
| 2025-10-21 | 6.95x |
| 2025-10-20 | 6.84x |
| 2025-10-17 | 6.85x |
| 2025-10-16 | 6.82x |
| 2025-10-15 | 6.84x |
| 2025-10-14 | 6.87x |
| 2025-10-13 | 6.84x |
| 2025-10-10 | 6.88x |
| 2025-10-09 | 6.96x |
| 2025-10-08 | 6.95x |
| 2025-10-07 | 6.96x |
| 2025-10-06 | 7.01x |
| 2025-10-03 | 7.05x |
| 2025-10-02 | 7.08x |
| 2025-10-01 | 7.26x |
| 2025-09-30 | 7.01x |
| 2025-09-29 | 6.90x |
| 2025-09-26 | 6.90x |
| 2025-09-25 | 6.82x |
| 2025-09-24 | 6.90x |
| 2025-09-23 | 6.99x |
| 2025-09-22 | 6.99x |
| 2025-09-19 | 7.00x |
| 2025-09-18 | 7.06x |
| 2025-09-17 | 7.12x |
| 2025-09-16 | 7.14x |
| 2025-09-15 | 7.15x |
| 2025-09-12 | 7.13x |
| 2025-09-11 | 7.28x |
| 2025-09-10 | 7.23x |
| 2025-09-09 | 7.24x |
| 2025-09-08 | 7.19x |
| 2025-09-05 | 7.23x |
| 2025-09-04 | 7.18x |
| 2025-09-03 | 7.27x |
| 2025-09-02 | 7.26x |
| 2025-08-29 | 7.24x |
| 2025-08-28 | 7.20x |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.
