Basis: Current FMP quote-based enterprise value / four-quarter operating income. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBIT ratio high or low?
The EV/EBIT ratio of 11.68x is 41% below its estimated 5-year average of 19.79x, near the low end of its estimated 5-year range (10.79x–959.66x).
As of 2026-09-19T00:15:43.163Z. 13.08% below its estimated 12-month average of 13.44x.
Calculation as of: 2026-09-19T00:15:43.163Z.
Quote observation: 2026-09-18T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 16d9fb761af4d4f75fbdea9cd0c33bad22e8ff133c571a16cba71ffd353317c6
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/EBIT RATIO
11.68x
EV/EBIT RATIO AVG TTM
13.44x
EV/EBIT RATIO AVG 3Y
20.72x
EV/EBIT RATIO AVG 5Y
19.79x
EV/EBIT RATIO AVG 10Y
31.02x
EV/EBIT RATIO AVG 15Y
71.86x
EV/EBIT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-13.08%
CURRENT VS 3Y AVG
-43.63%
CURRENT VS 5Y AVG
-40.99%
CURRENT VS 10Y AVG
-62.35%
CURRENT VS 15Y AVG
-83.75%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
21.28x
median of 77 covered companies
CURRENT VS SECTOR MEDIAN
-45.11%
vs the sector median at left
Incyte Corporation
Market Cap
$25.40B
EV/EBIT Ratio
11.68x
TTM Avg
13.44x
3Y Avg
20.72x
5Y Avg
19.79x
Market Cap
$25.49B
EV/EBIT Ratio
36.95x
TTM Avg
32.00x
3Y Avg
33.76x
5Y Avg
34.29x
Market Cap
$26.30B
EV/EBIT Ratio
20.36x
TTM Avg
20.71x
3Y Avg
26.18x
5Y Avg
20.22x
Market Cap
$27.20B
EV/EBIT Ratio
20.16x
TTM Avg
18.18x
3Y Avg
17.82x
5Y Avg
15.18x
Market Cap
$28.14B
EV/EBIT Ratio
25.46x
TTM Avg
25.97x
3Y Avg
26.20x
5Y Avg
28.45x
Market Cap
$28.97B
EV/EBIT Ratio
14.37x
TTM Avg
15.39x
3Y Avg
16.60x
5Y Avg
16.65x
Market Cap
$21.00B
EV/EBIT Ratio
13.68x
TTM Avg
15.45x
3Y Avg
12.31x
5Y Avg
13.05x
| NAME | MARKET CAP | EV/EBIT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Incyte Corporation (INCY) | $25.40B | 11.68x | 13.44x | 20.72x | 19.79x |
| West Pharmaceutical Services, Inc. (WST)vs › | $25.49B | 36.95x | 32.00x | 33.76x | 34.29x |
| Labcorp Holdings Inc. (LH)vs › | $26.30B | 20.36x | 20.71x | 26.18x | 20.22x |
| BioNTech SE (BNTX)vs › | $24.13B | N/A | 4.90x | 5.87x | 5.87x |
| Medline Inc. (MDLN)vs › | $26.75B | 20.41x | 21.78x | 21.78x | 21.78x |
| Quest Diagnostics Incorporated (DGX)vs › | $27.20B | 20.16x | 18.18x | 17.82x | 15.18x |
| Mettler-Toledo International Inc. (MTD)vs › | $28.14B | 25.46x | 25.97x | 26.20x | 28.45x |
| GE HealthCare Technologies Inc. (GEHC)vs › | $28.97B | 14.37x | 15.39x | 16.60x | 16.65x |
| United Therapeutics Corporation (UTHR)vs › | $21.00B | 13.68x | 15.45x | 12.31x | 13.05x |
| Zoetis Inc. (ZTS)vs › | $29.95B | 10.71x | 15.37x | 22.46x | 26.03x |
EV/EBIT = Enterprise Value / EBIT (TTM)
Enterprise value to EBIT compares total company value to operating earnings, accounting for depreciation unlike EV/EBITDA.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBIT RATIO |
|---|---|
| 2026-09-11 | 11.62x |
| 2026-09-10 | 11.82x |
| 2026-09-09 | 12.13x |
| 2026-09-08 | 11.95x |
| 2026-09-04 | 12.22x |
| 2026-09-03 | 12.36x |
| 2026-09-02 | 12.45x |
| 2026-09-01 | 12.02x |
| 2026-08-31 | 11.82x |
| 2026-08-28 | 11.95x |
| 2026-08-27 | 12.33x |
| 2026-08-26 | 12.37x |
| 2026-08-25 | 12.55x |
| 2026-08-24 | 12.36x |
| 2026-08-21 | 12.34x |
| 2026-08-20 | 12.27x |
| 2026-08-19 | 12.41x |
| 2026-08-18 | 11.85x |
| 2026-08-17 | 11.85x |
| 2026-08-14 | 11.47x |
| 2026-08-13 | 11.51x |
| 2026-08-12 | 11.54x |
| 2026-08-11 | 11.57x |
| 2026-08-10 | 11.63x |
| 2026-08-07 | 11.52x |
| 2026-08-06 | 11.27x |
| 2026-08-05 | 11.43x |
| 2026-08-04 | 11.52x |
| 2026-08-03 | 11.27x |
| 2026-07-31 | 11.40x |
| 2026-07-30 | 11.79x |
| 2026-07-29 | 12.26x |
| 2026-07-28 | 16.17x |
| 2026-07-27 | 14.59x |
| 2026-07-24 | 14.42x |
| 2026-07-23 | 14.28x |
| 2026-07-22 | 14.15x |
| 2026-07-21 | 14.38x |
| 2026-07-20 | 14.13x |
| 2026-07-17 | 14.36x |
| 2026-07-16 | 14.27x |
| 2026-07-15 | 14.05x |
| 2026-07-14 | 14.02x |
| 2026-07-13 | 13.93x |
| 2026-07-10 | 14.28x |
| 2026-07-09 | 14.54x |
| 2026-07-08 | 14.36x |
| 2026-07-07 | 14.47x |
| 2026-07-06 | 14.13x |
| 2026-07-02 | 14.30x |
| 2026-07-01 | 13.87x |
| 2026-06-30 | 13.80x |
| 2026-06-29 | 13.99x |
| 2026-06-26 | 13.86x |
| 2026-06-25 | 12.97x |
| 2026-06-24 | 13.11x |
| 2026-06-23 | 12.53x |
| 2026-06-22 | 12.42x |
| 2026-06-18 | 11.64x |
| 2026-06-17 | 11.75x |
| 2026-06-16 | 11.86x |
| 2026-06-15 | 12.18x |
| 2026-06-12 | 13.12x |
| 2026-06-11 | 13.02x |
| 2026-06-10 | 12.67x |
| 2026-06-09 | 12.36x |
| 2026-06-08 | 11.99x |
| 2026-06-05 | 12.24x |
| 2026-06-04 | 12.08x |
| 2026-06-03 | 11.61x |
| 2026-06-02 | 10.79x |
| 2026-06-01 | 11.27x |
| 2026-05-29 | 11.43x |
| 2026-05-28 | 11.54x |
| 2026-05-27 | 11.52x |
| 2026-05-26 | 11.48x |
| 2026-05-22 | 11.49x |
| 2026-05-21 | 11.53x |
| 2026-05-20 | 11.48x |
| 2026-05-19 | 11.27x |
| 2026-05-18 | 11.21x |
| 2026-05-15 | 11.23x |
| 2026-05-14 | 11.56x |
| 2026-05-13 | 11.73x |
| 2026-05-12 | 11.77x |
| 2026-05-11 | 11.94x |
| 2026-05-08 | 11.69x |
| 2026-05-07 | 11.58x |
| 2026-05-06 | 11.88x |
| 2026-05-05 | 11.54x |
| 2026-05-04 | 11.49x |
| 2026-05-01 | 11.46x |
| 2026-04-30 | 11.22x |
| 2026-04-29 | 11.77x |
| 2026-04-28 | 12.65x |
| 2026-04-27 | 12.34x |
| 2026-04-24 | 12.18x |
| 2026-04-23 | 12.30x |
| 2026-04-22 | 12.50x |
| 2026-04-21 | 12.42x |
| 2026-04-20 | 12.52x |
| 2026-04-17 | 12.66x |
| 2026-04-16 | 12.28x |
| 2026-04-15 | 12.55x |
| 2026-04-14 | 12.64x |
| 2026-04-13 | 12.32x |
| 2026-04-10 | 12.39x |
| 2026-04-09 | 12.53x |
| 2026-04-08 | 12.37x |
| 2026-04-07 | 12.03x |
| 2026-04-06 | 12.21x |
| 2026-04-02 | 12.37x |
| 2026-04-01 | 12.12x |
| 2026-03-31 | 12.10x |
| 2026-03-30 | 11.52x |
| 2026-03-27 | 11.51x |
| 2026-03-26 | 11.81x |
| 2026-03-25 | 11.81x |
| 2026-03-24 | 11.56x |
| 2026-03-23 | 11.54x |
| 2026-03-20 | 11.59x |
| 2026-03-19 | 11.92x |
| 2026-03-18 | 11.81x |
| 2026-03-17 | 12.11x |
| 2026-03-16 | 11.93x |
| 2026-03-13 | 11.86x |
| 2026-03-12 | 11.78x |
| 2026-03-11 | 12.18x |
| 2026-03-10 | 12.39x |
| 2026-03-09 | 12.55x |
| 2026-03-06 | 12.37x |
| 2026-03-05 | 12.59x |
| 2026-03-04 | 12.82x |
| 2026-03-03 | 12.70x |
| 2026-03-02 | 13.00x |
| 2026-02-27 | 13.19x |
| 2026-02-26 | 13.01x |
| 2026-02-25 | 12.99x |
| 2026-02-24 | 13.15x |
| 2026-02-23 | 13.12x |
| 2026-02-20 | 13.20x |
| 2026-02-19 | 13.26x |
| 2026-02-18 | 13.45x |
| 2026-02-17 | 13.17x |
| 2026-02-13 | 13.16x |
| 2026-02-12 | 13.11x |
| 2026-02-11 | 12.82x |
| 2026-02-10 | 14.12x |
| 2026-02-09 | 15.56x |
| 2026-02-06 | 15.46x |
| 2026-02-05 | 14.56x |
| 2026-02-04 | 14.53x |
| 2026-02-03 | 14.26x |
| 2026-02-02 | 14.54x |
| 2026-01-30 | 14.12x |
| 2026-01-29 | 14.29x |
| 2026-01-28 | 14.30x |
| 2026-01-27 | 14.67x |
| 2026-01-26 | 14.53x |
| 2026-01-23 | 14.43x |
| 2026-01-22 | 14.92x |
| 2026-01-21 | 14.86x |
| 2026-01-20 | 14.53x |
| 2026-01-16 | 15.11x |
| 2026-01-15 | 14.95x |
| 2026-01-14 | 15.07x |
| 2026-01-13 | 14.66x |
| 2026-01-12 | 15.13x |
| 2026-01-09 | 15.22x |
| 2026-01-08 | 15.06x |
| 2026-01-07 | 15.81x |
| 2026-01-06 | 15.18x |
| 2026-01-05 | 14.40x |
| 2026-01-02 | 14.34x |
| 2025-12-31 | 13.92x |
| 2025-12-30 | 13.94x |
| 2025-12-29 | 14.00x |
| 2025-12-26 | 14.13x |
| 2025-12-24 | 14.18x |
| 2025-12-23 | 14.26x |
| 2025-12-22 | 14.23x |
| 2025-12-19 | 14.54x |
| 2025-12-18 | 13.68x |
| 2025-12-17 | 13.73x |
| 2025-12-16 | 13.64x |
| 2025-12-15 | 13.90x |
| 2025-12-12 | 13.38x |
| 2025-12-11 | 13.49x |
| 2025-12-10 | 13.34x |
| 2025-12-09 | 13.34x |
| 2025-12-08 | 13.58x |
| 2025-12-05 | 14.52x |
| 2025-12-04 | 14.19x |
| 2025-12-03 | 14.35x |
| 2025-12-02 | 14.34x |
| 2025-12-01 | 14.44x |
| 2025-11-28 | 14.83x |
| 2025-11-26 | 15.02x |
| 2025-11-25 | 15.00x |
| 2025-11-24 | 15.11x |
| 2025-11-21 | 14.44x |
| 2025-11-20 | 14.40x |
| 2025-11-19 | 14.33x |
| 2025-11-18 | 14.74x |
| 2025-11-17 | 14.78x |
| 2025-11-14 | 14.78x |
| 2025-11-13 | 14.98x |
| 2025-11-12 | 15.44x |
| 2025-11-11 | 15.42x |
| 2025-11-10 | 15.07x |
| 2025-11-07 | 15.07x |
| 2025-11-06 | 14.95x |
| 2025-11-05 | 15.03x |
| 2025-11-04 | 14.58x |
| 2025-11-03 | 14.37x |
| 2025-10-31 | 13.07x |
| 2025-10-30 | 12.93x |
| 2025-10-29 | 12.54x |
| 2025-10-28 | 16.79x |
| 2025-10-27 | 17.08x |
| 2025-10-24 | 16.71x |
| 2025-10-23 | 16.31x |
| 2025-10-22 | 16.05x |
| 2025-10-21 | 15.90x |
| 2025-10-20 | 15.67x |
| 2025-10-17 | 15.95x |
| 2025-10-16 | 15.90x |
| 2025-10-15 | 16.07x |
| 2025-10-14 | 15.62x |
| 2025-10-13 | 15.37x |
| 2025-10-10 | 15.18x |
| 2025-10-09 | 15.38x |
| 2025-10-08 | 15.51x |
| 2025-10-07 | 15.87x |
| 2025-10-06 | 15.88x |
| 2025-10-03 | 15.81x |
| 2025-10-02 | 15.69x |
| 2025-10-01 | 15.78x |
| 2025-09-30 | 15.39x |
| 2025-09-29 | 15.20x |
| 2025-09-26 | 14.96x |
| 2025-09-25 | 14.74x |
| 2025-09-24 | 15.26x |
| 2025-09-23 | 15.33x |
| 2025-09-22 | 15.37x |
| 2025-09-19 | 15.74x |
| 2025-09-18 | 15.63x |
| 2025-09-17 | 15.39x |
| 2025-09-16 | 15.20x |
| 2025-09-15 | 15.05x |
| 2025-09-12 | 15.04x |
| 2025-09-11 | 15.67x |
| 2025-09-10 | 15.68x |
| 2025-09-09 | 15.55x |
| 2025-09-08 | 15.75x |
| 2025-09-05 | 15.76x |
| 2025-09-04 | 15.52x |
| 2025-09-03 | 15.83x |
| 2025-09-02 | 15.63x |
| 2025-08-29 | 15.35x |
Showing the most recent 260 of 2,454 data points. The chart above shows the full history.
