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 17.33x is 35% below its estimated 5-year average of 26.61x, near the low end of its estimated 5-year range (14.71x–43.37x).
As of 2026-10-06T19:12:10.145Z. 3.68% below its estimated 12-month average of 17.99x.
Calculation as of: 2026-10-06T19:12:10.145Z.
Quote observation: 2026-10-06T19:10:15.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 16db4d612901c442e19fcf3bc9e492c9917e5a2542fad034f02ad0aea7e3a647
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
17.33x
EV/EBITDA RATIO AVG TTM
17.99x
EV/EBITDA RATIO AVG 3Y
23.37x
EV/EBITDA RATIO AVG 5Y
26.61x
EV/EBITDA RATIO AVG 10Y
34.18x
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-3.68%
CURRENT VS 3Y AVG
-25.84%
CURRENT VS 5Y AVG
-34.88%
CURRENT VS 10Y AVG
-49.30%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
15.77x
median of 217 covered companies
CURRENT VS SECTOR MEDIAN
+9.89%
vs the sector median at left
HealthEquity, Inc.
Market Cap
$7.62B
EV/EBITDA Ratio
17.33x
TTM Avg
17.99x
3Y Avg
23.37x
5Y Avg
26.61x
Market Cap
$7.60B
EV/EBITDA Ratio
N/A
TTM Avg
135.79x
3Y Avg
135.79x
5Y Avg
135.79x
Market Cap
$7.57B
EV/EBITDA Ratio
74.58x
TTM Avg
74.38x
3Y Avg
147.51x
5Y Avg
147.51x
Market Cap
$7.73B
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$7.76B
EV/EBITDA Ratio
43.20x
TTM Avg
37.76x
3Y Avg
37.76x
5Y Avg
37.76x
Market Cap
$7.31B
EV/EBITDA Ratio
2.21x
TTM Avg
2.95x
3Y Avg
2.95x
5Y Avg
195.03x
Market Cap
$8.03B
EV/EBITDA Ratio
60.75x
TTM Avg
53.51x
3Y Avg
69.46x
5Y Avg
69.46x
Market Cap
$8.41B
EV/EBITDA Ratio
7.30x
TTM Avg
74.89x
3Y Avg
49.56x
5Y Avg
49.56x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HealthEquity, Inc. (HQY) | $7.62B | 17.33x | 17.99x | 23.37x | 26.61x |
| Cytokinetics, Incorporated (CYTK)vs › | $7.60B | N/A | 135.79x | 135.79x | 135.79x |
| Hinge Health, Inc. (HNGE)vs › | $7.57B | 74.58x | 74.38x | 147.51x | 147.51x |
| Praxis Precision Medicines, Inc. (PRAX)vs › | $7.73B | N/A | N/A | N/A | N/A |
| Caris Life Sciences, Inc. (CAI)vs › | $7.76B | 43.20x | 37.76x | 37.76x | 37.76x |
| Ionis Pharmaceuticals, Inc. (IONS)vs › | $7.31B | 2.21x | 2.95x | 2.95x | 195.03x |
| TG Therapeutics, Inc. (TGTX)vs › | $8.03B | 60.75x | 53.51x | 69.46x | 69.46x |
| Alkermes plc (ALKS)vs › | $7.01B | 45.10x | 25.66x | 15.19x | 371.09x |
| Oscar Health, Inc. (OSCR)vs › | $8.41B | 7.30x | 74.89x | 49.56x | 49.56x |
| Chemed Corporation (CHE)vs › | $6.66B | 16.72x | 15.74x | 18.78x | 18.87x |
At 17.3, EV/EBITDA is below its estimated 12-year median — higher than 4% of readings in its estimated 12-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 12-year low
14.7
median
34.8
estimated 12-year high
90.2
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 | 17.48x |
| 2026-10-02 | 17.22x |
| 2026-10-01 | 17.10x |
| 2026-09-30 | 16.94x |
| 2026-09-29 | 16.73x |
| 2026-09-28 | 16.94x |
| 2026-09-25 | 16.90x |
| 2026-09-24 | 16.96x |
| 2026-09-23 | 17.28x |
| 2026-09-22 | 17.52x |
| 2026-09-21 | 18.00x |
| 2026-09-18 | 18.11x |
| 2026-09-17 | 18.00x |
| 2026-09-16 | 18.26x |
| 2026-09-15 | 18.35x |
| 2026-09-14 | 18.26x |
| 2026-09-11 | 18.30x |
| 2026-09-10 | 18.00x |
| 2026-09-09 | 17.67x |
| 2026-09-08 | 17.80x |
| 2026-09-04 | 18.27x |
| 2026-09-03 | 18.74x |
| 2026-09-02 | 18.70x |
| 2026-09-01 | 18.43x |
| 2026-08-31 | 18.35x |
| 2026-08-28 | 18.32x |
| 2026-08-27 | 18.44x |
| 2026-08-26 | 20.43x |
| 2026-08-25 | 20.61x |
| 2026-08-24 | 20.61x |
| 2026-08-21 | 20.61x |
| 2026-08-20 | 20.41x |
| 2026-08-19 | 20.35x |
| 2026-08-18 | 20.14x |
| 2026-08-17 | 20.06x |
| 2026-08-14 | 20.49x |
| 2026-08-13 | 20.65x |
| 2026-08-12 | 20.63x |
| 2026-08-11 | 20.64x |
| 2026-08-10 | 20.86x |
| 2026-08-07 | 20.47x |
| 2026-08-06 | 20.26x |
| 2026-08-05 | 20.43x |
| 2026-08-04 | 20.53x |
| 2026-08-03 | 20.42x |
| 2026-07-31 | 19.74x |
| 2026-07-30 | 19.81x |
| 2026-07-29 | 20.38x |
| 2026-07-28 | 19.86x |
| 2026-07-27 | 19.46x |
| 2026-07-24 | 18.66x |
| 2026-07-23 | 18.61x |
| 2026-07-22 | 18.90x |
| 2026-07-21 | 19.23x |
| 2026-07-20 | 19.43x |
| 2026-07-17 | 19.21x |
| 2026-07-16 | 19.40x |
| 2026-07-15 | 18.74x |
| 2026-07-14 | 18.64x |
| 2026-07-13 | 18.85x |
| 2026-07-10 | 18.62x |
| 2026-07-09 | 18.69x |
| 2026-07-08 | 18.68x |
| 2026-07-07 | 19.09x |
| 2026-07-06 | 19.01x |
| 2026-07-02 | 18.78x |
| 2026-07-01 | 18.24x |
| 2026-06-30 | 17.88x |
| 2026-06-29 | 17.43x |
| 2026-06-26 | 17.54x |
| 2026-06-25 | 16.63x |
| 2026-06-24 | 16.92x |
| 2026-06-23 | 16.90x |
| 2026-06-22 | 16.85x |
| 2026-06-18 | 16.96x |
| 2026-06-17 | 17.16x |
| 2026-06-16 | 17.04x |
| 2026-06-15 | 17.27x |
| 2026-06-12 | 17.52x |
| 2026-06-11 | 17.64x |
| 2026-06-10 | 17.77x |
| 2026-06-09 | 17.68x |
| 2026-06-08 | 17.43x |
| 2026-06-05 | 17.58x |
| 2026-06-04 | 17.10x |
| 2026-06-03 | 16.96x |
| 2026-06-02 | 17.52x |
| 2026-06-01 | 17.94x |
| 2026-05-29 | 17.46x |
| 2026-05-28 | 18.03x |
| 2026-05-27 | 17.30x |
| 2026-05-26 | 17.43x |
| 2026-05-22 | 17.58x |
| 2026-05-21 | 17.28x |
| 2026-05-20 | 17.48x |
| 2026-05-19 | 16.95x |
| 2026-05-18 | 16.65x |
| 2026-05-15 | 16.50x |
| 2026-05-14 | 16.52x |
| 2026-05-13 | 16.50x |
| 2026-05-12 | 16.18x |
| 2026-05-11 | 16.40x |
| 2026-05-08 | 16.98x |
| 2026-05-07 | 16.83x |
| 2026-05-06 | 16.69x |
| 2026-05-05 | 16.58x |
| 2026-05-04 | 16.50x |
| 2026-05-01 | 16.54x |
| 2026-04-30 | 16.47x |
| 2026-04-29 | 16.37x |
| 2026-04-28 | 16.31x |
| 2026-04-27 | 16.74x |
| 2026-04-24 | 16.55x |
| 2026-04-23 | 15.69x |
| 2026-04-22 | 16.63x |
| 2026-04-21 | 16.89x |
| 2026-04-20 | 17.26x |
| 2026-04-17 | 17.21x |
| 2026-04-16 | 16.93x |
| 2026-04-15 | 16.77x |
| 2026-04-14 | 16.35x |
| 2026-04-13 | 16.08x |
| 2026-04-10 | 15.72x |
| 2026-04-09 | 16.87x |
| 2026-04-08 | 16.46x |
| 2026-04-07 | 16.30x |
| 2026-04-06 | 16.73x |
| 2026-04-02 | 16.95x |
| 2026-04-01 | 16.72x |
| 2026-03-31 | 16.75x |
| 2026-03-30 | 16.37x |
| 2026-03-27 | 16.56x |
| 2026-03-26 | 16.80x |
| 2026-03-25 | 16.55x |
| 2026-03-24 | 16.48x |
| 2026-03-23 | 16.40x |
| 2026-03-20 | 16.28x |
| 2026-03-19 | 16.30x |
| 2026-03-18 | 16.02x |
| 2026-03-17 | 15.83x |
| 2026-03-16 | 15.69x |
| 2026-03-13 | 15.54x |
| 2026-03-12 | 15.35x |
| 2026-03-11 | 15.68x |
| 2026-03-10 | 15.66x |
| 2026-03-09 | 15.94x |
| 2026-03-06 | 15.64x |
| 2026-03-05 | 15.93x |
| 2026-03-04 | 16.14x |
| 2026-03-03 | 16.01x |
| 2026-03-02 | 15.56x |
| 2026-02-27 | 15.30x |
| 2026-02-26 | 15.46x |
| 2026-02-25 | 15.13x |
| 2026-02-24 | 15.19x |
| 2026-02-23 | 15.19x |
| 2026-02-20 | 15.74x |
| 2026-02-19 | 15.73x |
| 2026-02-18 | 15.41x |
| 2026-02-17 | 14.92x |
| 2026-02-13 | 14.83x |
| 2026-02-12 | 14.71x |
| 2026-02-11 | 15.38x |
| 2026-02-10 | 15.64x |
| 2026-02-09 | 15.80x |
| 2026-02-06 | 15.83x |
| 2026-02-05 | 15.79x |
| 2026-02-04 | 16.18x |
| 2026-02-03 | 16.32x |
| 2026-02-02 | 17.21x |
| 2026-01-30 | 16.96x |
| 2026-01-29 | 16.58x |
| 2026-01-28 | 16.45x |
| 2026-01-27 | 16.48x |
| 2026-01-26 | 16.90x |
| 2026-01-23 | 16.68x |
| 2026-01-22 | 17.09x |
| 2026-01-21 | 16.76x |
| 2026-01-20 | 16.66x |
| 2026-01-16 | 16.90x |
| 2026-01-15 | 17.19x |
| 2026-01-14 | 16.95x |
| 2026-01-13 | 16.71x |
| 2026-01-12 | 16.76x |
| 2026-01-09 | 18.49x |
| 2026-01-08 | 19.28x |
| 2026-01-07 | 19.14x |
| 2026-01-06 | 18.72x |
| 2026-01-05 | 18.37x |
| 2026-01-02 | 17.93x |
| 2025-12-31 | 18.03x |
| 2025-12-30 | 18.19x |
| 2025-12-29 | 18.24x |
| 2025-12-26 | 18.37x |
| 2025-12-24 | 18.18x |
| 2025-12-23 | 18.22x |
| 2025-12-22 | 18.42x |
| 2025-12-19 | 18.73x |
| 2025-12-18 | 18.73x |
| 2025-12-17 | 18.70x |
| 2025-12-16 | 18.82x |
| 2025-12-15 | 18.78x |
| 2025-12-12 | 18.97x |
| 2025-12-11 | 19.07x |
| 2025-12-10 | 18.77x |
| 2025-12-09 | 18.33x |
| 2025-12-08 | 18.12x |
| 2025-12-05 | 18.55x |
| 2025-12-04 | 18.76x |
| 2025-12-03 | 20.54x |
| 2025-12-02 | 20.59x |
| 2025-12-01 | 21.26x |
| 2025-11-28 | 21.79x |
| 2025-11-26 | 21.76x |
| 2025-11-25 | 21.84x |
| 2025-11-24 | 21.50x |
| 2025-11-21 | 21.17x |
| 2025-11-20 | 20.94x |
| 2025-11-19 | 21.48x |
| 2025-11-18 | 21.33x |
| 2025-11-17 | 20.83x |
| 2025-11-14 | 21.14x |
| 2025-11-13 | 20.71x |
| 2025-11-12 | 20.90x |
| 2025-11-11 | 20.77x |
| 2025-11-10 | 20.77x |
| 2025-11-07 | 19.60x |
| 2025-11-06 | 19.41x |
| 2025-11-05 | 19.73x |
| 2025-11-04 | 19.85x |
| 2025-11-03 | 19.81x |
| 2025-10-31 | 19.76x |
| 2025-10-30 | 19.45x |
| 2025-10-29 | 19.74x |
| 2025-10-28 | 19.87x |
| 2025-10-27 | 20.07x |
| 2025-10-24 | 20.13x |
| 2025-10-23 | 20.10x |
| 2025-10-22 | 19.93x |
| 2025-10-21 | 20.03x |
| 2025-10-20 | 19.47x |
| 2025-10-17 | 19.16x |
| 2025-10-16 | 19.08x |
| 2025-10-15 | 19.37x |
| 2025-10-14 | 19.66x |
| 2025-10-13 | 19.50x |
| 2025-10-10 | 18.98x |
| 2025-10-09 | 19.42x |
| 2025-10-08 | 19.29x |
| 2025-10-07 | 18.60x |
| 2025-10-06 | 18.46x |
| 2025-10-03 | 18.61x |
| 2025-10-02 | 18.82x |
| 2025-10-01 | 19.02x |
| 2025-09-30 | 19.80x |
| 2025-09-29 | 19.91x |
| 2025-09-26 | 20.14x |
| 2025-09-25 | 20.07x |
| 2025-09-24 | 19.70x |
| 2025-09-23 | 19.62x |
Showing the most recent 260 of 3,063 data points. The chart above shows the full history.
