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 10.53x is 75% below its estimated 5-year average of 42.76x, near the low end of its estimated 5-year range (8.70x–444.05x).
As of 2026-10-06T14:52:25.984Z. 9.27% above its estimated 12-month average of 9.64x.
Calculation as of: 2026-10-06T14:52:25.984Z.
Quote observation: 2026-10-06T14:48:27.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 48e811c8653d9a36ed2358e044162b897bef7919ece4b1f287edb0560ff82069
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 2026-10-05.
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
10.53x
EV/EBITDA RATIO AVG TTM
9.64x
EV/EBITDA RATIO AVG 3Y
45.33x
EV/EBITDA RATIO AVG 5Y
42.76x
EV/EBITDA RATIO AVG 10Y
43.96x
EV/EBITDA RATIO AVG 15Y
32.13x
EV/EBITDA RATIO AVG 20Y
25.15x
CURRENT VS TTM AVG
+9.27%
CURRENT VS 3Y AVG
-76.77%
CURRENT VS 5Y AVG
-75.37%
CURRENT VS 10Y AVG
-76.05%
CURRENT VS 15Y AVG
-67.23%
CURRENT VS 20Y AVG
-58.13%
SECTOR MEDIAN · HEALTHCARE
15.46x
median of 184 covered companies
CURRENT VS SECTOR MEDIAN
-31.91%
vs the sector median at left
Harvard Bioscience, Inc.
Market Cap
$38.52M
EV/EBITDA Ratio
10.53x
TTM Avg
9.64x
3Y Avg
45.33x
5Y Avg
42.76x
Market Cap
$38.71M
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$40.28M
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$35.70M
EV/EBITDA Ratio
N/A
TTM Avg
25.79x
3Y Avg
51.85x
5Y Avg
38.84x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Harvard Bioscience, Inc. (HBIO) | $38.52M | 10.53x | 9.64x | 45.33x | 42.76x |
| Incannex Healthcare Limited (IXHL)vs › | $38.71M | N/A | N/A | N/A | N/A |
| Nephros, Inc. (NEPH)vs › | $39.63M | 20.28x | 31.88x | 41.18x | 41.18x |
| Edesa Biotech, Inc. (EDSA)vs › | $37.23M | N/A | N/A | N/A | N/A |
| iTonic Holdings Ltd. (ITOC)vs › | $37.15M | N/A | N/A | N/A | N/A |
| Metagenomi, Inc. Common Stock (MGX)vs › | $40.28M | N/A | N/A | N/A | N/A |
| DocGo Inc. (DCGO)vs › | $36.48M | N/A | 6.76x | 19.14x | 45.56x |
| Elicio Therapeutics, Inc. (ELTX)vs › | $36.13M | N/A | N/A | N/A | N/A |
| Accuray Incorporated (ARAY)vs › | $35.70M | N/A | 25.79x | 51.85x | 38.84x |
| CVRx, Inc. (CVRX)vs › | $41.66M | N/A | N/A | N/A | N/A |
At 10.5, EV/EBITDA is below its estimated 20-year median — higher than 33% 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
3.3
median
24.0
estimated 20-year high
444.1
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 |
|---|---|
| 2026-10-05 | 10.52x |
| 2026-10-02 | 10.42x |
| 2026-10-01 | 10.29x |
| 2026-09-30 | 10.16x |
| 2026-09-29 | 10.18x |
| 2026-09-28 | 10.20x |
| 2026-09-25 | 10.18x |
| 2026-09-24 | 10.22x |
| 2026-09-23 | 10.24x |
| 2026-09-22 | 10.16x |
| 2026-09-21 | 10.21x |
| 2026-09-18 | 10.18x |
| 2026-09-17 | 10.23x |
| 2026-09-16 | 10.19x |
| 2026-09-15 | 10.21x |
| 2026-09-14 | 10.26x |
| 2026-09-11 | 10.23x |
| 2026-09-10 | 10.30x |
| 2026-09-09 | 10.18x |
| 2026-09-08 | 10.18x |
| 2026-09-04 | 10.22x |
| 2026-09-03 | 10.21x |
| 2026-09-02 | 10.33x |
| 2026-09-01 | 10.23x |
| 2026-08-31 | 10.28x |
| 2026-08-28 | 10.16x |
| 2026-08-27 | 10.15x |
| 2026-08-26 | 9.99x |
| 2026-08-25 | 9.95x |
| 2026-08-24 | 9.93x |
| 2026-08-21 | 9.88x |
| 2026-08-20 | 9.93x |
| 2026-08-19 | 9.63x |
| 2026-08-18 | 9.56x |
| 2026-08-17 | 9.27x |
| 2026-08-14 | 9.37x |
| 2026-08-13 | 9.38x |
| 2026-08-12 | 9.06x |
| 2026-08-11 | 9.44x |
| 2026-08-10 | 9.61x |
| 2026-08-07 | 9.66x |
| 2026-08-06 | 9.48x |
| 2026-08-05 | 9.60x |
| 2026-08-04 | 9.56x |
| 2026-08-03 | 9.56x |
| 2026-07-31 | 9.42x |
| 2026-07-30 | 9.41x |
| 2026-07-29 | 9.43x |
| 2026-07-28 | 9.30x |
| 2026-07-27 | 9.35x |
| 2026-07-24 | 9.35x |
| 2026-07-23 | 9.48x |
| 2026-07-22 | 9.44x |
| 2026-07-21 | 9.38x |
| 2026-07-20 | 9.43x |
| 2026-07-17 | 9.50x |
| 2026-07-16 | 9.32x |
| 2026-07-15 | 9.37x |
| 2026-07-14 | 9.31x |
| 2026-07-13 | 9.43x |
| 2026-07-10 | 9.44x |
| 2026-07-09 | 9.50x |
| 2026-07-08 | 9.54x |
| 2026-07-07 | 9.77x |
| 2026-07-06 | 9.58x |
| 2026-07-02 | 9.45x |
| 2026-07-01 | 9.39x |
| 2026-06-30 | 9.45x |
| 2026-06-29 | 9.44x |
| 2026-06-26 | 9.38x |
| 2026-06-25 | 9.33x |
| 2026-06-24 | 9.41x |
| 2026-06-23 | 9.36x |
| 2026-06-22 | 9.39x |
| 2026-06-18 | 9.27x |
| 2026-06-17 | 9.35x |
| 2026-06-16 | 9.32x |
| 2026-06-15 | 9.35x |
| 2026-06-12 | 9.41x |
| 2026-06-11 | 9.77x |
| 2026-06-10 | 9.48x |
| 2026-06-09 | 9.38x |
| 2026-06-08 | 9.36x |
| 2026-06-05 | 9.48x |
| 2026-06-04 | 9.67x |
| 2026-06-03 | 9.68x |
| 2026-06-02 | 9.65x |
| 2026-06-01 | 9.61x |
| 2026-05-29 | 9.27x |
| 2026-05-28 | 9.32x |
| 2026-05-27 | 9.21x |
| 2026-05-26 | 9.14x |
| 2026-05-22 | 9.08x |
| 2026-05-21 | 9.04x |
| 2026-05-20 | 8.96x |
| 2026-05-19 | 8.70x |
| 2026-05-18 | 8.70x |
| 2026-05-15 | 8.86x |
| 2026-05-14 | 9.04x |
| 2026-05-13 | 9.07x |
| 2025-05-12 | 58.89x |
| 2025-05-09 | 57.19x |
| 2025-05-08 | 56.73x |
| 2025-05-07 | 56.50x |
| 2025-05-06 | 56.50x |
| 2025-05-05 | 57.88x |
| 2025-05-02 | 58.71x |
| 2025-05-01 | 58.34x |
| 2025-04-30 | 59.08x |
| 2025-04-29 | 59.72x |
| 2025-04-28 | 60.32x |
| 2025-04-25 | 60.04x |
| 2025-04-24 | 60.64x |
| 2025-04-23 | 61.01x |
| 2025-04-22 | 60.78x |
| 2025-04-21 | 59.44x |
| 2025-04-17 | 60.55x |
| 2025-04-16 | 60.64x |
| 2025-04-15 | 60.87x |
| 2025-04-14 | 60.92x |
| 2025-04-11 | 61.10x |
| 2025-04-10 | 60.46x |
| 2025-04-09 | 63.82x |
| 2025-04-08 | 59.54x |
| 2025-04-07 | 60.23x |
| 2025-04-04 | 61.10x |
| 2025-04-03 | 64.46x |
| 2025-04-02 | 69.75x |
| 2025-04-01 | 69.85x |
| 2025-03-31 | 68.74x |
| 2025-03-28 | 70.77x |
| 2025-03-27 | 70.31x |
| 2025-03-26 | 70.81x |
| 2025-03-25 | 69.94x |
| 2025-03-24 | 70.26x |
| 2025-03-21 | 71.96x |
| 2025-03-20 | 72.98x |
| 2025-03-19 | 74.40x |
| 2025-03-18 | 73.71x |
| 2025-03-17 | 74.68x |
| 2025-03-14 | 72.52x |
| 2025-03-13 | 56.13x |
| 2025-03-12 | 57.72x |
| 2025-03-11 | 60.45x |
| 2025-03-10 | 60.88x |
| 2025-03-07 | 62.47x |
| 2025-03-06 | 62.86x |
| 2025-03-05 | 61.91x |
| 2025-03-04 | 61.23x |
| 2025-03-03 | 62.51x |
| 2025-02-28 | 63.36x |
| 2025-02-27 | 63.57x |
| 2025-02-26 | 64.92x |
| 2025-02-25 | 64.28x |
| 2025-02-24 | 66.44x |
| 2025-02-21 | 68.54x |
| 2025-02-20 | 75.27x |
| 2025-02-19 | 77.40x |
| 2025-02-18 | 78.82x |
| 2025-02-14 | 81.30x |
| 2025-02-13 | 80.59x |
| 2025-02-12 | 79.88x |
| 2025-02-11 | 80.95x |
| 2025-02-10 | 83.43x |
| 2025-02-07 | 84.49x |
| 2025-02-06 | 85.91x |
| 2025-02-05 | 92.29x |
| 2025-02-04 | 92.65x |
| 2025-02-03 | 91.94x |
| 2025-01-31 | 94.07x |
| 2025-01-30 | 96.19x |
| 2025-01-29 | 95.48x |
| 2025-01-28 | 94.07x |
| 2025-01-27 | 97.26x |
| 2025-01-24 | 95.13x |
| 2025-01-23 | 98.68x |
| 2025-01-22 | 102.58x |
| 2025-01-21 | 102.58x |
| 2025-01-17 | 101.87x |
| 2025-01-16 | 101.51x |
| 2025-01-15 | 103.64x |
| 2025-01-14 | 105.06x |
| 2025-01-13 | 103.64x |
| 2025-01-10 | 100.80x |
| 2025-01-08 | 109.67x |
| 2025-01-07 | 109.67x |
| 2025-01-06 | 111.09x |
| 2025-01-03 | 109.31x |
| 2025-01-02 | 105.41x |
| 2024-12-31 | 108.25x |
| 2024-12-30 | 105.06x |
| 2024-12-27 | 103.64x |
| 2024-12-26 | 107.90x |
| 2024-12-24 | 107.19x |
| 2024-12-23 | 107.90x |
| 2024-12-20 | 108.25x |
| 2024-12-19 | 107.90x |
| 2024-12-18 | 105.41x |
| 2024-12-17 | 110.38x |
| 2024-12-16 | 109.31x |
| 2024-12-13 | 110.02x |
| 2024-12-12 | 112.86x |
| 2024-12-11 | 115.70x |
| 2024-12-10 | 116.41x |
| 2024-12-09 | 116.05x |
| 2024-12-06 | 113.57x |
| 2024-12-05 | 109.31x |
| 2024-12-04 | 113.57x |
| 2024-12-03 | 112.86x |
| 2024-12-02 | 111.44x |
| 2024-11-29 | 111.44x |
| 2024-11-27 | 111.44x |
| 2024-11-26 | 111.09x |
| 2024-11-25 | 112.86x |
| 2024-11-22 | 113.92x |
| 2024-11-21 | 110.02x |
| 2024-11-20 | 110.02x |
| 2024-11-19 | 106.12x |
| 2024-11-18 | 109.67x |
| 2024-11-15 | 109.31x |
| 2024-11-14 | 114.63x |
| 2024-11-13 | 110.38x |
| 2024-11-12 | 114.28x |
| 2024-11-11 | 120.31x |
| 2024-11-08 | 69.87x |
| 2024-11-07 | 66.20x |
| 2024-11-06 | 74.96x |
| 2024-11-05 | 66.20x |
| 2024-11-04 | 65.79x |
| 2024-11-01 | 66.40x |
| 2024-10-31 | 65.38x |
| 2024-10-30 | 67.42x |
| 2024-10-29 | 67.42x |
| 2024-10-28 | 66.81x |
| 2024-10-25 | 64.77x |
| 2024-10-24 | 65.18x |
| 2024-10-23 | 65.59x |
| 2024-10-22 | 66.40x |
| 2024-10-21 | 65.79x |
| 2024-10-18 | 67.83x |
| 2024-10-17 | 66.20x |
| 2024-10-16 | 67.22x |
| 2024-10-15 | 67.42x |
| 2024-10-14 | 68.24x |
| 2024-10-11 | 69.05x |
| 2024-10-10 | 64.77x |
| 2024-10-09 | 65.79x |
| 2024-10-08 | 66.40x |
| 2024-10-07 | 66.40x |
| 2024-10-04 | 66.40x |
| 2024-10-03 | 67.62x |
| 2024-10-02 | 69.66x |
| 2024-10-01 | 69.25x |
| 2024-09-30 | 72.31x |
| 2024-09-27 | 72.92x |
| 2024-09-26 | 71.70x |
| 2024-09-25 | 71.70x |
| 2024-09-24 | 72.51x |
| 2024-09-23 | 71.29x |
| 2024-09-20 | 73.53x |
Showing the most recent 260 of 4,779 data points. The chart above shows the full history.