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 23.46x is in line with its estimated 5-year average of 21.61x, around the middle of its estimated 5-year range (15.93x–31.03x).
As of 2026-09-16T16:55:35.589Z. 9.81% above its estimated 12-month average of 21.36x.
Calculation as of: 2026-09-16T16:55:35.589Z.
Quote observation: 2026-09-16T16:55:05.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 515b355aad25d2a0a97612588ce3906156aa7b24a6f372822915ee79fe6df7f2
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
23.46x
EV/EBITDA RATIO AVG TTM
21.36x
EV/EBITDA RATIO AVG 3Y
23.29x
EV/EBITDA RATIO AVG 5Y
21.61x
EV/EBITDA RATIO AVG 10Y
21.10x
EV/EBITDA RATIO AVG 15Y
17.24x
EV/EBITDA RATIO AVG 20Y
15.27x
CURRENT VS TTM AVG
+9.81%
CURRENT VS 3Y AVG
+0.73%
CURRENT VS 5Y AVG
+8.55%
CURRENT VS 10Y AVG
+11.18%
CURRENT VS 15Y AVG
+36.05%
CURRENT VS 20Y AVG
+53.66%
SECTOR MEDIAN · HEALTHCARE
16.59x
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
+41.41%
vs the sector median at left
Danaher Corporation
Market Cap
$147.27B
EV/EBITDA Ratio
23.46x
TTM Avg
21.36x
3Y Avg
23.29x
5Y Avg
21.61x
Market Cap
$135.67B
EV/EBITDA Ratio
31.40x
TTM Avg
45.83x
3Y Avg
57.76x
5Y Avg
54.04x
Market Cap
$130.76B
EV/EBITDA Ratio
24.86x
TTM Avg
25.25x
3Y Avg
24.48x
5Y Avg
21.35x
Market Cap
$130.71B
EV/EBITDA Ratio
9.75x
TTM Avg
8.47x
3Y Avg
8.07x
5Y Avg
8.70x
Market Cap
$118.80B
EV/EBITDA Ratio
14.35x
TTM Avg
17.50x
3Y Avg
12.63x
5Y Avg
12.54x
Market Cap
$178.33B
EV/EBITDA Ratio
18.90x
TTM Avg
19.12x
3Y Avg
20.63x
5Y Avg
19.23x
Market Cap
$110.32B
EV/EBITDA Ratio
17.57x
TTM Avg
21.91x
3Y Avg
24.48x
5Y Avg
23.96x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Danaher Corporation (DHR) | $147.27B | 23.46x | 21.36x | 23.29x | 21.61x |
| Pfizer Inc. (PFE)vs › | $156.79B | 10.10x | 9.22x | 13.57x | 11.94x |
| Intuitive Surgical, Inc. (ISRG)vs › | $135.67B | 31.40x | 45.83x | 57.76x | 54.04x |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $130.76B | 24.86x | 25.25x | 24.48x | 21.35x |
| Bristol-Myers Squibb Company (BMY)vs › | $130.71B | 9.75x | 8.47x | 8.07x | 8.70x |
| Medtronic plc (MDT)vs › | $120.36B | 15.24x | 15.57x | 16.22x | 17.01x |
| CVS Health Corp. (CVS)vs › | $118.80B | 14.35x | 17.50x | 12.63x | 12.54x |
| Abbott Laboratories (ABT)vs › | $178.33B | 18.90x | 19.12x | 20.63x | 19.23x |
| Stryker Corporation (SYK)vs › | $110.32B | 17.57x | 21.91x | 24.48x | 23.96x |
| Gilead Sciences, Inc. (GILD)vs › | $184.26B | N/A | 47.63x | 29.92x | 22.39x |
At 23.5, EV/EBITDA is above its estimated 20-year median — higher than 86% 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
5.9
median
12.5
estimated 20-year high
35.4
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 | 22.68x |
| 2026-09-10 | 22.72x |
| 2026-09-09 | 23.14x |
| 2026-09-08 | 23.18x |
| 2026-09-04 | 23.42x |
| 2026-09-03 | 23.75x |
| 2026-09-02 | 23.64x |
| 2026-09-01 | 23.34x |
| 2026-08-31 | 23.99x |
| 2026-08-28 | 24.24x |
| 2026-08-27 | 24.20x |
| 2026-08-26 | 24.17x |
| 2026-08-25 | 24.23x |
| 2026-08-24 | 24.14x |
| 2026-08-21 | 24.51x |
| 2026-08-20 | 24.22x |
| 2026-08-19 | 23.79x |
| 2026-08-18 | 22.62x |
| 2026-08-17 | 22.92x |
| 2026-08-14 | 22.90x |
| 2026-08-13 | 23.05x |
| 2026-08-12 | 23.23x |
| 2026-08-11 | 23.39x |
| 2026-08-10 | 23.58x |
| 2026-08-07 | 23.13x |
| 2026-08-06 | 22.66x |
| 2026-08-05 | 22.63x |
| 2026-08-04 | 22.15x |
| 2026-08-03 | 22.42x |
| 2026-07-31 | 22.17x |
| 2026-07-30 | 22.29x |
| 2026-07-29 | 22.32x |
| 2026-07-28 | 22.57x |
| 2026-07-27 | 22.32x |
| 2026-07-24 | 21.83x |
| 2026-07-23 | 21.93x |
| 2026-07-22 | 20.62x |
| 2026-07-21 | 20.61x |
| 2026-07-20 | 21.52x |
| 2026-07-17 | 21.79x |
| 2026-07-16 | 21.90x |
| 2026-07-15 | 21.49x |
| 2026-07-14 | 21.32x |
| 2026-07-13 | 21.42x |
| 2026-07-10 | 21.32x |
| 2026-07-09 | 21.01x |
| 2026-07-08 | 20.50x |
| 2026-07-07 | 20.84x |
| 2026-07-06 | 20.78x |
| 2026-07-02 | 21.21x |
| 2026-07-01 | 20.79x |
| 2026-06-30 | 20.47x |
| 2026-06-29 | 20.70x |
| 2026-06-26 | 21.03x |
| 2026-06-25 | 20.74x |
| 2026-06-24 | 20.32x |
| 2026-06-23 | 19.34x |
| 2026-06-22 | 19.27x |
| 2026-06-18 | 19.17x |
| 2026-06-17 | 19.22x |
| 2026-06-16 | 19.58x |
| 2026-06-15 | 19.55x |
| 2026-06-12 | 19.45x |
| 2026-06-11 | 19.52x |
| 2026-06-10 | 19.80x |
| 2026-06-09 | 20.27x |
| 2026-06-08 | 19.79x |
| 2026-06-05 | 19.87x |
| 2026-06-04 | 20.10x |
| 2026-06-03 | 19.26x |
| 2026-06-02 | 19.06x |
| 2026-06-01 | 19.43x |
| 2026-05-29 | 19.71x |
| 2026-05-28 | 19.51x |
| 2026-05-27 | 18.77x |
| 2026-05-26 | 18.74x |
| 2026-05-22 | 18.66x |
| 2026-05-21 | 18.79x |
| 2026-05-20 | 18.57x |
| 2026-05-19 | 18.17x |
| 2026-05-18 | 17.86x |
| 2026-05-15 | 17.67x |
| 2026-05-14 | 17.93x |
| 2026-05-13 | 18.07x |
| 2026-05-12 | 18.10x |
| 2026-05-11 | 18.12x |
| 2026-05-08 | 18.58x |
| 2026-05-07 | 19.02x |
| 2026-05-06 | 18.95x |
| 2026-05-05 | 18.92x |
| 2026-05-04 | 18.86x |
| 2026-05-01 | 18.97x |
| 2026-04-30 | 19.34x |
| 2026-04-29 | 19.33x |
| 2026-04-28 | 19.34x |
| 2026-04-27 | 19.51x |
| 2026-04-24 | 19.17x |
| 2026-04-23 | 19.30x |
| 2026-04-22 | 19.84x |
| 2026-04-21 | 20.87x |
| 2026-04-20 | 20.19x |
| 2026-04-17 | 20.12x |
| 2026-04-16 | 20.03x |
| 2026-04-15 | 20.44x |
| 2026-04-14 | 20.48x |
| 2026-04-13 | 20.22x |
| 2026-04-10 | 19.63x |
| 2026-04-09 | 19.95x |
| 2026-04-08 | 20.25x |
| 2026-04-07 | 19.77x |
| 2026-04-06 | 19.87x |
| 2026-04-02 | 19.78x |
| 2026-04-01 | 19.75x |
| 2026-03-31 | 19.63x |
| 2026-03-30 | 19.10x |
| 2026-03-27 | 18.87x |
| 2026-03-26 | 19.49x |
| 2026-03-25 | 19.40x |
| 2026-03-24 | 19.68x |
| 2026-03-23 | 19.67x |
| 2026-03-20 | 19.61x |
| 2026-03-19 | 19.68x |
| 2026-03-18 | 19.81x |
| 2026-03-17 | 20.16x |
| 2026-03-16 | 19.80x |
| 2026-03-13 | 19.42x |
| 2026-03-12 | 19.32x |
| 2026-03-11 | 20.15x |
| 2026-03-10 | 20.16x |
| 2026-03-09 | 20.50x |
| 2026-03-06 | 20.19x |
| 2026-03-05 | 20.80x |
| 2026-03-04 | 21.06x |
| 2026-03-03 | 20.99x |
| 2026-03-02 | 21.17x |
| 2026-02-27 | 21.61x |
| 2026-02-26 | 21.49x |
| 2026-02-25 | 21.51x |
| 2026-02-24 | 21.15x |
| 2026-02-23 | 21.31x |
| 2026-02-20 | 21.18x |
| 2026-02-19 | 21.34x |
| 2026-02-18 | 21.09x |
| 2026-02-17 | 20.89x |
| 2026-02-13 | 21.46x |
| 2026-02-12 | 21.67x |
| 2026-02-11 | 22.14x |
| 2026-02-10 | 22.11x |
| 2026-02-09 | 21.83x |
| 2026-02-06 | 21.83x |
| 2026-02-05 | 21.75x |
| 2026-02-04 | 22.09x |
| 2026-02-03 | 21.83x |
| 2026-02-02 | 22.45x |
| 2026-01-30 | 22.04x |
| 2026-01-29 | 22.10x |
| 2026-01-28 | 22.55x |
| 2026-01-27 | 23.58x |
| 2026-01-26 | 23.67x |
| 2026-01-23 | 23.51x |
| 2026-01-22 | 23.98x |
| 2026-01-21 | 24.16x |
| 2026-01-20 | 23.45x |
| 2026-01-16 | 23.60x |
| 2026-01-15 | 23.96x |
| 2026-01-14 | 23.78x |
| 2026-01-13 | 23.56x |
| 2026-01-12 | 23.88x |
| 2026-01-09 | 23.82x |
| 2026-01-08 | 23.51x |
| 2026-01-07 | 23.57x |
| 2026-01-06 | 23.66x |
| 2026-01-05 | 23.55x |
| 2026-01-02 | 23.09x |
| 2025-12-31 | 22.96x |
| 2025-12-30 | 23.12x |
| 2025-12-29 | 23.11x |
| 2025-12-26 | 23.08x |
| 2025-12-24 | 23.19x |
| 2025-12-23 | 23.13x |
| 2025-12-22 | 22.87x |
| 2025-12-19 | 22.58x |
| 2025-12-18 | 22.54x |
| 2025-12-17 | 22.38x |
| 2025-12-16 | 22.57x |
| 2025-12-15 | 22.92x |
| 2025-12-12 | 22.72x |
| 2025-12-11 | 23.27x |
| 2025-12-10 | 23.09x |
| 2025-12-09 | 22.43x |
| 2025-12-08 | 22.55x |
| 2025-12-05 | 22.71x |
| 2025-12-04 | 22.79x |
| 2025-12-03 | 22.91x |
| 2025-12-02 | 22.74x |
| 2025-12-01 | 22.52x |
| 2025-11-28 | 22.76x |
| 2025-11-26 | 22.91x |
| 2025-11-25 | 23.13x |
| 2025-11-24 | 22.78x |
| 2025-11-21 | 22.82x |
| 2025-11-20 | 22.34x |
| 2025-11-19 | 22.36x |
| 2025-11-18 | 22.64x |
| 2025-11-17 | 22.18x |
| 2025-11-14 | 22.25x |
| 2025-11-13 | 22.25x |
| 2025-11-12 | 22.08x |
| 2025-11-11 | 21.75x |
| 2025-11-10 | 21.33x |
| 2025-11-07 | 21.22x |
| 2025-11-06 | 21.28x |
| 2025-11-05 | 21.42x |
| 2025-11-04 | 21.57x |
| 2025-11-03 | 21.59x |
| 2025-10-31 | 21.71x |
| 2025-10-30 | 21.68x |
| 2025-10-29 | 21.59x |
| 2025-10-28 | 21.85x |
| 2025-10-27 | 22.23x |
| 2025-10-24 | 22.41x |
| 2025-10-23 | 22.39x |
| 2025-10-22 | 21.96x |
| 2025-10-21 | 22.21x |
| 2025-10-20 | 21.89x |
| 2025-10-17 | 21.95x |
| 2025-10-16 | 22.13x |
| 2025-10-15 | 21.67x |
| 2025-10-14 | 21.68x |
| 2025-10-13 | 21.58x |
| 2025-10-10 | 21.33x |
| 2025-10-09 | 21.52x |
| 2025-10-08 | 21.56x |
| 2025-10-07 | 21.93x |
| 2025-10-06 | 22.21x |
| 2025-10-03 | 22.52x |
| 2025-10-02 | 22.08x |
| 2025-10-01 | 22.32x |
| 2025-09-30 | 20.93x |
| 2025-09-29 | 19.77x |
| 2025-09-26 | 19.65x |
| 2025-09-25 | 19.33x |
| 2025-09-24 | 19.75x |
| 2025-09-23 | 20.11x |
| 2025-09-22 | 20.18x |
| 2025-09-19 | 20.45x |
| 2025-09-18 | 20.64x |
| 2025-09-17 | 20.42x |
| 2025-09-16 | 20.19x |
| 2025-09-15 | 20.00x |
| 2025-09-12 | 20.15x |
| 2025-09-11 | 20.63x |
| 2025-09-10 | 20.39x |
| 2025-09-09 | 20.55x |
| 2025-09-08 | 20.96x |
| 2025-09-05 | 21.11x |
| 2025-09-04 | 21.00x |
| 2025-09-03 | 21.04x |
| 2025-09-02 | 21.45x |
| 2025-08-29 | 21.65x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
