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 13.81x is 13% above its estimated 5-year average of 12.20x, around the middle of its estimated 5-year range (8.44x–16.54x).
As of 2026-09-16T14:55:26.690Z. 26.41% above its estimated 12-month average of 10.92x.
Calculation as of: 2026-09-16T14:55:26.690Z.
Quote observation: 2026-09-16T14:54:58.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: cb6c10048925737cd567d1e5bafd28a4c0b29ce3f2197cf2dd91206c373d3f67
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
13.81x
EV/EBITDA RATIO AVG TTM
10.92x
EV/EBITDA RATIO AVG 3Y
11.49x
EV/EBITDA RATIO AVG 5Y
12.20x
EV/EBITDA RATIO AVG 10Y
11.95x
EV/EBITDA RATIO AVG 15Y
10.84x
EV/EBITDA RATIO AVG 20Y
9.97x
CURRENT VS TTM AVG
+26.41%
CURRENT VS 3Y AVG
+20.14%
CURRENT VS 5Y AVG
+13.24%
CURRENT VS 10Y AVG
+15.61%
CURRENT VS 15Y AVG
+27.45%
CURRENT VS 20Y AVG
+38.51%
SECTOR MEDIAN · HEALTHCARE
16.48x
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
-16.20%
vs the sector median at left
Elevance Health Inc.
Market Cap
$90.75B
EV/EBITDA Ratio
13.81x
TTM Avg
10.92x
3Y Avg
11.49x
5Y Avg
12.20x
Market Cap
$92.79B
EV/EBITDA Ratio
8.93x
TTM Avg
9.97x
3Y Avg
10.38x
5Y Avg
9.84x
Market Cap
$79.70B
EV/EBITDA Ratio
17.61x
TTM Avg
17.99x
3Y Avg
19.64x
5Y Avg
16.42x
Market Cap
$104.59B
EV/EBITDA Ratio
14.97x
TTM Avg
18.37x
3Y Avg
17.39x
5Y Avg
15.31x
Market Cap
$110.20B
EV/EBITDA Ratio
17.55x
TTM Avg
21.91x
3Y Avg
24.48x
5Y Avg
23.96x
Market Cap
$65.93B
EV/EBITDA Ratio
13.46x
TTM Avg
24.12x
3Y Avg
31.35x
5Y Avg
28.99x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Elevance Health Inc. (ELV) | $90.75B | 13.81x | 10.92x | 11.49x | 12.20x |
| HCA Healthcare, Inc. (HCA)vs › | $92.79B | 8.93x | 9.97x | 10.38x | 9.84x |
| GSK plc (GSK)vs › | $100.34B | 8.09x | 8.80x | 9.61x | 9.61x |
| Regeneron Pharmaceuticals, Inc. (REGN)vs › | $79.70B | 17.61x | 17.99x | 19.64x | 16.42x |
| Sanofi (SNY)vs › | $102.51B | 9.79x | 11.53x | 12.29x | 11.78x |
| McKesson Corporation (MCK)vs › | $104.59B | 14.97x | 18.37x | 17.39x | 15.31x |
| Cigna Corporation (CI)vs › | $75.10B | 8.16x | 8.42x | 9.36x | 9.66x |
| Stryker Corporation (SYK)vs › | $110.20B | 17.55x | 21.91x | 24.48x | 23.96x |
| Boston Scientific Corporation (BSX)vs › | $65.93B | 13.46x | 24.12x | 31.35x | 28.99x |
| Cencora, Inc. (COR)vs › | $62.49B | 13.26x | 14.33x | 13.61x | 12.26x |
At 13.8, EV/EBITDA is above its estimated 20-year median — higher than 96% 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
3.2
median
10.1
estimated 20-year high
16.5
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 | 13.87x |
| 2026-09-10 | 13.81x |
| 2026-09-09 | 13.28x |
| 2026-09-08 | 13.42x |
| 2026-09-04 | 13.57x |
| 2026-09-03 | 13.77x |
| 2026-09-02 | 13.53x |
| 2026-09-01 | 13.45x |
| 2026-08-31 | 13.17x |
| 2026-08-28 | 13.22x |
| 2026-08-27 | 13.34x |
| 2026-08-26 | 13.44x |
| 2026-08-25 | 13.34x |
| 2026-08-24 | 13.44x |
| 2026-08-21 | 13.38x |
| 2026-08-20 | 13.27x |
| 2026-08-19 | 13.33x |
| 2026-08-18 | 13.32x |
| 2026-08-17 | 13.10x |
| 2026-08-14 | 13.38x |
| 2026-08-13 | 13.32x |
| 2026-08-12 | 13.34x |
| 2026-08-11 | 13.11x |
| 2026-08-10 | 13.31x |
| 2026-08-07 | 13.21x |
| 2026-08-06 | 13.14x |
| 2026-08-05 | 13.13x |
| 2026-08-04 | 12.77x |
| 2026-08-03 | 12.90x |
| 2026-07-31 | 12.72x |
| 2026-07-30 | 12.73x |
| 2026-07-29 | 12.72x |
| 2026-07-28 | 12.98x |
| 2026-07-27 | 12.78x |
| 2026-07-24 | 12.77x |
| 2026-07-23 | 12.81x |
| 2026-07-22 | 13.07x |
| 2026-07-21 | 13.19x |
| 2026-07-20 | 12.89x |
| 2026-07-17 | 12.64x |
| 2026-07-16 | 12.64x |
| 2026-07-15 | 12.14x |
| 2026-07-14 | 13.04x |
| 2026-07-13 | 13.00x |
| 2026-07-10 | 12.78x |
| 2026-07-09 | 12.88x |
| 2026-07-08 | 12.77x |
| 2026-07-07 | 12.84x |
| 2026-07-06 | 12.58x |
| 2026-07-02 | 12.82x |
| 2026-07-01 | 12.77x |
| 2026-06-30 | 12.05x |
| 2026-06-29 | 12.08x |
| 2026-06-26 | 12.26x |
| 2026-06-25 | 12.06x |
| 2026-06-24 | 11.98x |
| 2026-06-23 | 12.25x |
| 2026-06-22 | 12.25x |
| 2026-06-18 | 12.09x |
| 2026-06-17 | 12.16x |
| 2026-06-16 | 12.32x |
| 2026-06-15 | 12.42x |
| 2026-06-12 | 12.48x |
| 2026-06-11 | 12.35x |
| 2026-06-10 | 12.49x |
| 2026-06-09 | 12.98x |
| 2026-06-08 | 12.82x |
| 2026-06-05 | 12.76x |
| 2026-06-04 | 12.61x |
| 2026-06-03 | 12.16x |
| 2026-06-02 | 12.10x |
| 2026-06-01 | 12.44x |
| 2026-05-29 | 12.21x |
| 2026-05-28 | 12.20x |
| 2026-05-27 | 12.16x |
| 2026-05-26 | 12.07x |
| 2026-05-22 | 12.24x |
| 2026-05-21 | 12.12x |
| 2026-05-20 | 12.28x |
| 2026-05-19 | 12.43x |
| 2026-05-18 | 12.23x |
| 2026-05-15 | 12.19x |
| 2026-05-14 | 12.29x |
| 2026-05-13 | 12.37x |
| 2026-05-12 | 12.21x |
| 2026-05-11 | 11.92x |
| 2026-05-08 | 11.83x |
| 2026-05-07 | 11.71x |
| 2026-05-06 | 11.75x |
| 2026-05-05 | 11.61x |
| 2026-05-04 | 11.68x |
| 2026-05-01 | 11.70x |
| 2026-04-30 | 11.79x |
| 2026-04-29 | 11.80x |
| 2026-04-28 | 11.45x |
| 2026-04-27 | 11.30x |
| 2026-04-24 | 11.01x |
| 2026-04-23 | 11.05x |
| 2026-04-22 | 10.00x |
| 2026-04-21 | 9.99x |
| 2026-04-20 | 9.79x |
| 2026-04-17 | 9.88x |
| 2026-04-16 | 9.71x |
| 2026-04-15 | 9.60x |
| 2026-04-14 | 9.65x |
| 2026-04-13 | 9.72x |
| 2026-04-10 | 9.61x |
| 2026-04-09 | 9.74x |
| 2026-04-08 | 9.77x |
| 2026-04-07 | 9.62x |
| 2026-04-06 | 9.41x |
| 2026-04-02 | 9.37x |
| 2026-04-01 | 9.31x |
| 2026-03-31 | 9.18x |
| 2026-03-30 | 9.00x |
| 2026-03-27 | 9.04x |
| 2026-03-26 | 9.22x |
| 2026-03-25 | 9.26x |
| 2026-03-24 | 9.13x |
| 2026-03-23 | 9.10x |
| 2026-03-20 | 9.15x |
| 2026-03-19 | 9.14x |
| 2026-03-18 | 9.23x |
| 2026-03-17 | 9.25x |
| 2026-03-16 | 9.17x |
| 2026-03-13 | 9.16x |
| 2026-03-12 | 9.07x |
| 2026-03-11 | 9.11x |
| 2026-03-10 | 8.95x |
| 2026-03-09 | 8.91x |
| 2026-03-06 | 9.11x |
| 2026-03-05 | 9.04x |
| 2026-03-04 | 9.15x |
| 2026-03-03 | 8.98x |
| 2026-03-02 | 9.21x |
| 2026-02-27 | 9.81x |
| 2026-02-26 | 9.88x |
| 2026-02-25 | 10.05x |
| 2026-02-24 | 9.97x |
| 2026-02-23 | 10.17x |
| 2026-02-20 | 10.33x |
| 2026-02-19 | 10.45x |
| 2026-02-18 | 10.41x |
| 2026-02-17 | 10.38x |
| 2026-02-13 | 10.42x |
| 2026-02-12 | 10.18x |
| 2026-02-11 | 10.04x |
| 2026-02-10 | 9.94x |
| 2026-02-09 | 9.98x |
| 2026-02-06 | 9.98x |
| 2026-02-05 | 9.83x |
| 2026-02-04 | 10.01x |
| 2026-02-03 | 9.97x |
| 2026-02-02 | 10.04x |
| 2026-01-30 | 10.13x |
| 2026-01-29 | 10.16x |
| 2026-01-28 | 10.04x |
| 2026-01-27 | 9.62x |
| 2026-01-26 | 10.83x |
| 2026-01-23 | 10.70x |
| 2026-01-22 | 10.73x |
| 2026-01-21 | 10.67x |
| 2026-01-20 | 10.61x |
| 2026-01-16 | 10.79x |
| 2026-01-15 | 10.95x |
| 2026-01-14 | 10.74x |
| 2026-01-13 | 10.69x |
| 2026-01-12 | 10.79x |
| 2026-01-09 | 10.74x |
| 2026-01-08 | 10.79x |
| 2026-01-07 | 10.60x |
| 2026-01-06 | 10.71x |
| 2026-01-05 | 10.53x |
| 2026-01-02 | 10.32x |
| 2025-12-31 | 10.24x |
| 2025-12-30 | 10.20x |
| 2025-12-29 | 10.19x |
| 2025-12-26 | 10.22x |
| 2025-12-24 | 10.08x |
| 2025-12-23 | 10.07x |
| 2025-12-22 | 10.10x |
| 2025-12-19 | 10.02x |
| 2025-12-18 | 10.10x |
| 2025-12-17 | 10.14x |
| 2025-12-16 | 10.27x |
| 2025-12-15 | 10.47x |
| 2025-12-12 | 10.43x |
| 2025-12-11 | 10.46x |
| 2025-12-10 | 10.02x |
| 2025-12-09 | 9.77x |
| 2025-12-08 | 9.79x |
| 2025-12-05 | 9.79x |
| 2025-12-04 | 9.85x |
| 2025-12-03 | 9.79x |
| 2025-12-02 | 9.80x |
| 2025-12-01 | 9.77x |
| 2025-11-28 | 9.96x |
| 2025-11-26 | 9.97x |
| 2025-11-25 | 9.92x |
| 2025-11-24 | 9.77x |
| 2025-11-21 | 9.59x |
| 2025-11-20 | 9.41x |
| 2025-11-19 | 9.47x |
| 2025-11-18 | 9.65x |
| 2025-11-17 | 9.80x |
| 2025-11-14 | 9.68x |
| 2025-11-13 | 9.74x |
| 2025-11-12 | 9.72x |
| 2025-11-11 | 9.44x |
| 2025-11-10 | 9.18x |
| 2025-11-07 | 9.50x |
| 2025-11-06 | 9.42x |
| 2025-11-05 | 9.51x |
| 2025-11-04 | 9.47x |
| 2025-11-03 | 9.40x |
| 2025-10-31 | 9.49x |
| 2025-10-30 | 9.59x |
| 2025-10-29 | 9.92x |
| 2025-10-28 | 9.99x |
| 2025-10-27 | 10.06x |
| 2025-10-24 | 10.05x |
| 2025-10-23 | 10.14x |
| 2025-10-22 | 10.12x |
| 2025-10-21 | 10.15x |
| 2025-10-20 | 10.25x |
| 2025-10-17 | 10.13x |
| 2025-10-16 | 10.11x |
| 2025-10-15 | 10.14x |
| 2025-10-14 | 10.17x |
| 2025-10-13 | 10.19x |
| 2025-10-10 | 10.23x |
| 2025-10-09 | 10.34x |
| 2025-10-08 | 10.44x |
| 2025-10-07 | 10.33x |
| 2025-10-06 | 10.15x |
| 2025-10-03 | 10.17x |
| 2025-10-02 | 9.93x |
| 2025-10-01 | 9.76x |
| 2025-09-30 | 9.54x |
| 2025-09-29 | 9.46x |
| 2025-09-26 | 9.44x |
| 2025-09-25 | 9.40x |
| 2025-09-24 | 9.62x |
| 2025-09-23 | 9.56x |
| 2025-09-22 | 9.42x |
| 2025-09-19 | 9.33x |
| 2025-09-18 | 9.38x |
| 2025-09-17 | 9.21x |
| 2025-09-16 | 9.24x |
| 2025-09-15 | 9.17x |
| 2025-09-12 | 9.28x |
| 2025-09-11 | 9.36x |
| 2025-09-10 | 9.17x |
| 2025-09-09 | 9.36x |
| 2025-09-08 | 9.20x |
| 2025-09-05 | 9.33x |
| 2025-09-04 | 9.20x |
| 2025-09-03 | 9.51x |
| 2025-09-02 | 9.52x |
| 2025-08-29 | 9.44x |
Showing the most recent 260 of 4,776 data points. The chart above shows the full history.
