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 45.55x is in line with its estimated 5-year average of 42.55x, near the low end of its estimated 5-year range (7.53x–6316.95x).
As of 2026-10-06T15:47:17.793Z. 24.27% below its estimated 12-month average of 60.15x.
Calculation as of: 2026-10-06T15:47:17.793Z.
Quote observation: 2026-10-06T15:45:04.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e1d61cb526df749638d8a03bd9b53720723668f0aa6d8453294d9eed2d0ae833
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
45.55x
EV/EBITDA RATIO AVG TTM
60.15x
EV/EBITDA RATIO AVG 3Y
66.25x
EV/EBITDA RATIO AVG 5Y
42.55x
EV/EBITDA RATIO AVG 10Y
23.49x
EV/EBITDA RATIO AVG 15Y
38.00x
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-24.27%
CURRENT VS 3Y AVG
-31.25%
CURRENT VS 5Y AVG
+7.05%
CURRENT VS 10Y AVG
+93.94%
CURRENT VS 15Y AVG
+19.87%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
15.66x
median of 194 covered companies
CURRENT VS SECTOR MEDIAN
+190.87%
vs the sector median at left
Ligand Pharmaceuticals Incorporated
Market Cap
$6.02B
EV/EBITDA Ratio
45.55x
TTM Avg
60.15x
3Y Avg
66.25x
5Y Avg
42.55x
Market Cap
$5.95B
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$5.81B
EV/EBITDA Ratio
55.34x
TTM Avg
88.38x
3Y Avg
133.43x
5Y Avg
103.02x
Market Cap
$5.55B
EV/EBITDA Ratio
30.88x
TTM Avg
33.01x
3Y Avg
33.01x
5Y Avg
33.01x
Market Cap
$6.51B
EV/EBITDA Ratio
17.00x
TTM Avg
14.43x
3Y Avg
16.48x
5Y Avg
56.22x
Market Cap
$6.55B
EV/EBITDA Ratio
15.42x
TTM Avg
12.72x
3Y Avg
11.11x
5Y Avg
13.30x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ligand Pharmaceuticals Incorporated (LGND) | $6.02B | 45.55x | 60.15x | 66.25x | 42.55x |
| GRAIL Inc. (GRAL)vs › | $6.02B | N/A | N/A | N/A | N/A |
| Iovance Biotherapeutics, Inc. (IOVA)vs › | $5.95B | N/A | N/A | N/A | N/A |
| CG Oncology Inc. (CGON)vs › | $5.83B | N/A | N/A | N/A | N/A |
| Kiniksa Pharmaceuticals International, plc (KNSA)vs › | $5.81B | 55.34x | 88.38x | 133.43x | 103.02x |
| MiniMed Group, Inc. Common Stock (MMED)vs › | $5.55B | 30.88x | 33.01x | 33.01x | 33.01x |
| RadNet, Inc. (RDNT)vs › | $5.54B | 21.72x | 24.95x | 22.12x | 17.84x |
| Lantheus Holdings, Inc. (LNTH)vs › | $6.51B | 17.00x | 14.43x | 16.48x | 56.22x |
| Amneal Pharmaceuticals, Inc. (AMRX)vs › | $6.55B | 15.42x | 12.72x | 11.11x | 13.30x |
| Hims & Hers Health, Inc. (HIMS)vs › | $6.60B | N/A | 64.66x | 316.14x | 316.14x |
At 45.5, EV/EBITDA is near its estimated 15-year median — higher than 63% of readings in its estimated 15-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 15-year low
0.4
median
36.5
estimated 15-year high
6316.9
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 | 50.56x |
| 2026-10-02 | 49.94x |
| 2026-10-01 | 49.91x |
| 2026-09-30 | 51.47x |
| 2026-09-29 | 51.14x |
| 2026-09-28 | 51.75x |
| 2026-09-25 | 49.71x |
| 2026-09-24 | 49.31x |
| 2026-09-23 | 49.21x |
| 2026-09-22 | 49.22x |
| 2026-09-21 | 47.86x |
| 2026-09-18 | 46.79x |
| 2026-09-17 | 46.99x |
| 2026-09-16 | 45.45x |
| 2026-09-15 | 45.74x |
| 2026-09-14 | 46.33x |
| 2026-09-11 | 46.95x |
| 2026-09-10 | 47.73x |
| 2026-09-09 | 47.53x |
| 2026-09-08 | 47.66x |
| 2026-09-04 | 47.13x |
| 2026-09-03 | 47.80x |
| 2026-09-02 | 47.35x |
| 2026-09-01 | 46.92x |
| 2026-08-31 | 46.89x |
| 2026-08-28 | 46.31x |
| 2026-08-27 | 46.96x |
| 2026-08-26 | 47.50x |
| 2026-08-25 | 46.51x |
| 2026-08-24 | 46.26x |
| 2026-08-21 | 47.25x |
| 2026-08-20 | 47.42x |
| 2026-08-19 | 47.96x |
| 2026-08-18 | 47.46x |
| 2026-08-17 | 48.13x |
| 2026-08-14 | 48.59x |
| 2026-08-13 | 47.66x |
| 2026-08-12 | 48.38x |
| 2026-08-11 | 47.64x |
| 2026-08-10 | 48.77x |
| 2026-08-07 | 45.59x |
| 2026-08-06 | 46.62x |
| 2026-08-05 | 46.98x |
| 2026-08-04 | 46.71x |
| 2026-08-03 | 45.43x |
| 2026-07-31 | 44.77x |
| 2026-07-30 | 46.05x |
| 2026-07-29 | 44.83x |
| 2026-07-28 | 46.05x |
| 2026-07-27 | 46.23x |
| 2026-07-24 | 46.68x |
| 2026-07-23 | 46.91x |
| 2026-07-22 | 47.22x |
| 2026-07-21 | 47.40x |
| 2026-07-20 | 45.71x |
| 2026-07-17 | 47.10x |
| 2026-07-16 | 46.08x |
| 2026-07-15 | 46.05x |
| 2026-07-14 | 46.74x |
| 2026-07-13 | 47.96x |
| 2026-07-10 | 48.98x |
| 2026-07-09 | 49.92x |
| 2026-07-08 | 48.78x |
| 2026-07-07 | 49.45x |
| 2026-07-06 | 49.60x |
| 2026-07-02 | 49.47x |
| 2026-07-01 | 48.36x |
| 2026-06-30 | 48.96x |
| 2026-06-29 | 48.66x |
| 2026-06-26 | 47.12x |
| 2026-06-25 | 46.00x |
| 2026-06-24 | 44.38x |
| 2026-06-23 | 43.57x |
| 2026-06-22 | 41.04x |
| 2026-06-18 | 42.90x |
| 2026-06-17 | 41.18x |
| 2026-06-16 | 40.02x |
| 2026-06-15 | 39.72x |
| 2026-06-12 | 40.06x |
| 2026-06-11 | 39.92x |
| 2026-06-10 | 38.99x |
| 2026-06-09 | 38.26x |
| 2026-06-08 | 37.45x |
| 2026-06-05 | 37.33x |
| 2026-06-04 | 37.17x |
| 2026-06-03 | 36.95x |
| 2026-06-02 | 36.71x |
| 2026-06-01 | 36.27x |
| 2026-05-29 | 36.59x |
| 2026-05-28 | 36.99x |
| 2026-05-27 | 37.17x |
| 2026-05-26 | 37.09x |
| 2026-05-22 | 36.21x |
| 2026-05-21 | 35.16x |
| 2026-05-20 | 34.50x |
| 2026-05-19 | 33.04x |
| 2026-05-18 | 33.06x |
| 2026-05-15 | 33.84x |
| 2026-05-14 | 34.69x |
| 2026-05-13 | 35.01x |
| 2026-05-12 | 35.13x |
| 2026-05-11 | 34.91x |
| 2026-05-08 | 60.29x |
| 2026-05-07 | 57.44x |
| 2026-05-06 | 63.16x |
| 2026-05-05 | 63.09x |
| 2026-05-04 | 62.08x |
| 2026-05-01 | 61.84x |
| 2026-04-30 | 62.36x |
| 2026-04-29 | 61.18x |
| 2026-04-28 | 63.10x |
| 2026-04-27 | 65.53x |
| 2026-04-24 | 62.83x |
| 2026-04-23 | 62.11x |
| 2026-04-22 | 61.70x |
| 2026-04-21 | 61.65x |
| 2026-04-20 | 62.96x |
| 2026-04-17 | 62.97x |
| 2026-04-16 | 60.76x |
| 2026-04-15 | 61.24x |
| 2026-04-14 | 63.10x |
| 2026-04-13 | 58.24x |
| 2026-04-10 | 56.05x |
| 2026-04-09 | 56.24x |
| 2026-04-08 | 56.87x |
| 2026-04-07 | 56.10x |
| 2026-04-06 | 55.72x |
| 2026-04-02 | 54.68x |
| 2026-04-01 | 54.69x |
| 2026-03-31 | 54.70x |
| 2026-03-30 | 52.90x |
| 2026-03-27 | 53.63x |
| 2026-03-26 | 55.74x |
| 2026-03-25 | 55.96x |
| 2026-03-24 | 55.22x |
| 2026-03-23 | 54.88x |
| 2026-03-20 | 56.03x |
| 2026-03-19 | 57.49x |
| 2026-03-18 | 57.24x |
| 2026-03-17 | 57.61x |
| 2026-03-16 | 56.79x |
| 2026-03-13 | 55.54x |
| 2026-03-12 | 57.74x |
| 2026-03-11 | 60.25x |
| 2026-03-10 | 57.95x |
| 2026-03-09 | 56.89x |
| 2026-03-06 | 55.28x |
| 2026-03-05 | 56.40x |
| 2026-03-04 | 57.09x |
| 2026-03-03 | 55.88x |
| 2026-03-02 | 55.44x |
| 2026-02-27 | 83.66x |
| 2026-02-26 | 82.82x |
| 2026-02-25 | 80.95x |
| 2026-02-24 | 80.02x |
| 2026-02-23 | 77.92x |
| 2026-02-20 | 78.05x |
| 2026-02-19 | 78.97x |
| 2026-02-18 | 80.38x |
| 2026-02-17 | 79.43x |
| 2026-02-13 | 77.99x |
| 2026-02-12 | 77.14x |
| 2026-02-11 | 78.83x |
| 2026-02-10 | 79.24x |
| 2026-02-09 | 79.21x |
| 2026-02-06 | 80.58x |
| 2026-02-05 | 81.07x |
| 2026-02-04 | 83.67x |
| 2026-02-03 | 83.87x |
| 2026-02-02 | 83.51x |
| 2026-01-30 | 81.23x |
| 2026-01-29 | 82.43x |
| 2026-01-28 | 80.49x |
| 2026-01-27 | 82.56x |
| 2026-01-26 | 83.63x |
| 2026-01-23 | 84.77x |
| 2026-01-22 | 85.82x |
| 2026-01-21 | 84.13x |
| 2026-01-20 | 82.98x |
| 2026-01-16 | 81.57x |
| 2026-01-15 | 82.79x |
| 2026-01-14 | 82.97x |
| 2026-01-13 | 79.93x |
| 2026-01-12 | 86.99x |
| 2026-01-09 | 86.92x |
| 2026-01-08 | 84.35x |
| 2026-01-07 | 84.31x |
| 2026-01-06 | 82.76x |
| 2026-01-05 | 81.20x |
| 2026-01-02 | 80.45x |
| 2025-12-31 | 80.04x |
| 2025-12-30 | 80.49x |
| 2025-12-29 | 82.43x |
| 2025-12-26 | 82.69x |
| 2025-12-24 | 83.20x |
| 2025-12-23 | 83.30x |
| 2025-12-22 | 83.52x |
| 2025-12-19 | 84.45x |
| 2025-12-18 | 83.70x |
| 2025-12-17 | 82.20x |
| 2025-12-16 | 81.44x |
| 2025-12-15 | 81.54x |
| 2025-12-12 | 80.23x |
| 2025-12-11 | 77.72x |
| 2025-12-10 | 78.07x |
| 2025-12-09 | 78.78x |
| 2025-12-08 | 78.32x |
| 2025-12-05 | 78.40x |
| 2025-12-04 | 79.82x |
| 2025-12-03 | 81.59x |
| 2025-12-02 | 82.40x |
| 2025-12-01 | 83.14x |
| 2025-11-28 | 85.57x |
| 2025-11-26 | 86.73x |
| 2025-11-25 | 85.70x |
| 2025-11-24 | 87.02x |
| 2025-11-21 | 84.02x |
| 2025-11-20 | 83.94x |
| 2025-11-19 | 86.69x |
| 2025-11-18 | 87.08x |
| 2025-11-17 | 84.85x |
| 2025-11-14 | 84.66x |
| 2025-11-13 | 84.82x |
| 2025-11-12 | 86.52x |
| 2025-11-11 | 87.73x |
| 2025-11-10 | 87.96x |
| 2025-11-07 | 6140.17x |
| 2025-11-06 | 6316.95x |
| 2025-11-05 | 5767.52x |
| 2025-11-04 | 5738.88x |
| 2025-11-03 | 5794.01x |
| 2025-10-31 | 5796.16x |
| 2025-10-30 | 5665.27x |
| 2025-10-29 | 5587.05x |
| 2025-10-28 | 5721.01x |
| 2025-10-27 | 5754.89x |
| 2025-10-24 | 5662.81x |
| 2025-10-23 | 5609.53x |
| 2025-10-22 | 5619.38x |
| 2025-10-21 | 5652.95x |
| 2025-10-20 | 5655.42x |
| 2025-10-17 | 5498.66x |
| 2025-10-16 | 5471.55x |
| 2025-10-15 | 5549.47x |
| 2025-10-14 | 5476.17x |
| 2025-10-13 | 5444.45x |
| 2025-10-10 | 5377.93x |
| 2025-10-09 | 5519.29x |
| 2025-10-08 | 5586.12x |
| 2025-10-07 | 5545.16x |
| 2025-10-06 | 5528.22x |
| 2025-10-03 | 5478.33x |
| 2025-10-02 | 5451.54x |
| 2025-10-01 | 5419.51x |
| 2025-09-30 | 5359.76x |
| 2025-09-29 | 5236.26x |
| 2025-09-26 | 5131.24x |
| 2025-09-25 | 5040.08x |
| 2025-09-24 | 5107.84x |
| 2025-09-23 | 5159.88x |
Showing the most recent 260 of 3,612 data points. The chart above shows the full history.