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 30.50x is 22% below its estimated 5-year average of 39.00x, near the low end of its estimated 5-year range (24.20x–67.18x).
As of 2026-09-16T23:00:56.951Z. 0.88% below its estimated 12-month average of 30.77x.
Calculation as of: 2026-09-16T23:00:56.951Z.
Quote observation: 2026-09-16T19:59:59.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: b0e0d38488a3afbf7495a33590bf8efba7bc0732c407e2bad92962eaa4736710
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
30.50x
EV/EBITDA RATIO AVG TTM
30.77x
EV/EBITDA RATIO AVG 3Y
42.74x
EV/EBITDA RATIO AVG 5Y
39.00x
EV/EBITDA RATIO AVG 10Y
27.08x
EV/EBITDA RATIO AVG 15Y
20.45x
EV/EBITDA RATIO AVG 20Y
17.49x
CURRENT VS TTM AVG
-0.88%
CURRENT VS 3Y AVG
-28.64%
CURRENT VS 5Y AVG
-21.80%
CURRENT VS 10Y AVG
+12.64%
CURRENT VS 15Y AVG
+49.13%
CURRENT VS 20Y AVG
+74.36%
SECTOR MEDIAN · HEALTHCARE
16.44x
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
+85.58%
vs the sector median at left
Eli Lilly and Company
Market Cap
$1.07T
EV/EBITDA Ratio
30.50x
TTM Avg
30.77x
3Y Avg
42.74x
5Y Avg
39.00x
Market Cap
$644.12B
EV/EBITDA Ratio
19.78x
TTM Avg
17.89x
3Y Avg
14.81x
5Y Avg
15.03x
Market Cap
$358.00B
EV/EBITDA Ratio
22.90x
TTM Avg
12.19x
3Y Avg
19.37x
5Y Avg
18.06x
Market Cap
$340.79B
EV/EBITDA Ratio
14.85x
TTM Avg
13.85x
3Y Avg
13.74x
5Y Avg
15.19x
Market Cap
$252.62B
EV/EBITDA Ratio
13.77x
TTM Avg
16.37x
3Y Avg
16.92x
5Y Avg
20.64x
Market Cap
$240.97B
EV/EBITDA Ratio
26.61x
TTM Avg
22.10x
3Y Avg
21.67x
5Y Avg
20.95x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Eli Lilly and Company (LLY) | $1.07T | 30.50x | 30.77x | 42.74x | 39.00x |
| Johnson & Johnson (JNJ)vs › | $644.12B | 19.78x | 17.89x | 14.81x | 15.03x |
| AbbVie Inc. (ABBV)vs › | $463.92B | 19.71x | 21.84x | 19.20x | 16.46x |
| Merck & Co., Inc. (MRK)vs › | $358.00B | 22.90x | 12.19x | 19.37x | 18.06x |
| Roche Holding AG (RHHBY)vs › | $351.56B | N/A | N/A | N/A | N/A |
| UnitedHealth Group Incorporated (UNH)vs › | $340.79B | 14.85x | 13.85x | 13.74x | 15.19x |
| AstraZeneca PLC (AZN)vs › | $252.62B | 13.77x | 16.37x | 16.92x | 20.64x |
| Thermo Fisher Scientific Inc. (TMO)vs › | $240.97B | 26.61x | 22.10x | 21.67x | 20.95x |
| Amgen Inc. (AMGN)vs › | $203.12B | N/A | 15.42x | 16.31x | 15.14x |
| Novo Nordisk A/S (NVO)vs › | $185.26B | 7.62x | 9.44x | 20.09x | 22.31x |
At 30.5, EV/EBITDA is above its estimated 20-year median — higher than 83% 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
4.7
median
16.9
estimated 20-year high
67.2
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 |
|---|---|
| 2026-09-11 | 28.46x |
| 2026-09-10 | 28.64x |
| 2026-09-09 | 28.67x |
| 2026-09-08 | 28.66x |
| 2026-09-04 | 29.28x |
| 2026-09-03 | 29.53x |
| 2026-09-02 | 29.54x |
| 2026-09-01 | 29.54x |
| 2026-08-31 | 29.46x |
| 2026-08-28 | 29.89x |
| 2026-08-27 | 29.93x |
| 2026-08-26 | 30.26x |
| 2026-08-25 | 31.33x |
| 2026-08-24 | 31.66x |
| 2026-08-21 | 31.86x |
| 2026-08-20 | 31.60x |
| 2026-08-19 | 32.47x |
| 2026-08-18 | 31.14x |
| 2026-08-17 | 30.10x |
| 2026-08-14 | 30.03x |
| 2026-08-13 | 30.73x |
| 2026-08-12 | 31.01x |
| 2026-08-11 | 30.88x |
| 2026-08-10 | 31.29x |
| 2026-08-07 | 30.17x |
| 2026-08-06 | 30.32x |
| 2026-08-05 | 31.26x |
| 2026-08-04 | 29.87x |
| 2026-08-03 | 30.01x |
| 2026-07-31 | 30.72x |
| 2026-07-30 | 30.88x |
| 2026-07-29 | 32.30x |
| 2026-07-28 | 32.57x |
| 2026-07-27 | 31.98x |
| 2026-07-24 | 31.94x |
| 2026-07-23 | 31.68x |
| 2026-07-22 | 31.09x |
| 2026-07-21 | 31.41x |
| 2026-07-20 | 30.67x |
| 2026-07-17 | 31.50x |
| 2026-07-16 | 31.25x |
| 2026-07-15 | 30.92x |
| 2026-07-14 | 30.82x |
| 2026-07-13 | 31.57x |
| 2026-07-10 | 31.75x |
| 2026-07-09 | 32.48x |
| 2026-07-08 | 32.45x |
| 2026-07-07 | 32.96x |
| 2026-07-06 | 32.04x |
| 2026-07-02 | 32.40x |
| 2026-07-01 | 31.83x |
| 2026-06-30 | 32.03x |
| 2026-06-29 | 32.81x |
| 2026-06-26 | 32.25x |
| 2026-06-25 | 30.18x |
| 2026-06-24 | 29.91x |
| 2026-06-23 | 29.64x |
| 2026-06-22 | 29.52x |
| 2026-06-18 | 29.43x |
| 2026-06-17 | 29.77x |
| 2026-06-16 | 30.04x |
| 2026-06-15 | 30.22x |
| 2026-06-12 | 30.31x |
| 2026-06-11 | 31.03x |
| 2026-06-10 | 30.40x |
| 2026-06-09 | 30.61x |
| 2026-06-08 | 30.73x |
| 2026-06-05 | 30.27x |
| 2026-06-04 | 30.11x |
| 2026-06-03 | 28.91x |
| 2026-06-02 | 28.54x |
| 2026-06-01 | 29.00x |
| 2026-05-29 | 29.59x |
| 2026-05-28 | 30.15x |
| 2026-05-27 | 29.02x |
| 2026-05-26 | 28.55x |
| 2026-05-22 | 28.56x |
| 2026-05-21 | 27.96x |
| 2026-05-20 | 27.37x |
| 2026-05-19 | 27.44x |
| 2026-05-18 | 26.58x |
| 2026-05-15 | 27.01x |
| 2026-05-14 | 27.06x |
| 2026-05-13 | 27.29x |
| 2026-05-12 | 26.62x |
| 2026-05-11 | 26.03x |
| 2026-05-08 | 25.55x |
| 2026-05-07 | 26.24x |
| 2026-05-06 | 26.55x |
| 2026-05-05 | 26.60x |
| 2026-05-04 | 26.06x |
| 2026-05-01 | 25.94x |
| 2026-04-30 | 27.98x |
| 2026-04-29 | 25.58x |
| 2026-04-28 | 26.24x |
| 2026-04-27 | 26.07x |
| 2026-04-24 | 26.52x |
| 2026-04-23 | 27.49x |
| 2026-04-22 | 27.60x |
| 2026-04-21 | 27.07x |
| 2026-04-20 | 27.56x |
| 2026-04-17 | 27.76x |
| 2026-04-16 | 27.10x |
| 2026-04-15 | 27.13x |
| 2026-04-14 | 27.63x |
| 2026-04-13 | 27.83x |
| 2026-04-10 | 28.12x |
| 2026-04-09 | 28.57x |
| 2026-04-08 | 28.52x |
| 2026-04-07 | 27.88x |
| 2026-04-06 | 27.76x |
| 2026-04-02 | 28.01x |
| 2026-04-01 | 28.55x |
| 2026-03-31 | 27.55x |
| 2026-03-30 | 26.60x |
| 2026-03-27 | 26.36x |
| 2026-03-26 | 26.90x |
| 2026-03-25 | 27.45x |
| 2026-03-24 | 27.07x |
| 2026-03-23 | 27.29x |
| 2026-03-20 | 27.18x |
| 2026-03-19 | 27.49x |
| 2026-03-18 | 27.50x |
| 2026-03-17 | 27.86x |
| 2026-03-16 | 29.55x |
| 2026-03-13 | 29.43x |
| 2026-03-12 | 29.20x |
| 2026-03-11 | 29.85x |
| 2026-03-10 | 29.90x |
| 2026-03-09 | 30.10x |
| 2026-03-06 | 29.58x |
| 2026-03-05 | 29.38x |
| 2026-03-04 | 29.96x |
| 2026-03-03 | 30.08x |
| 2026-03-02 | 30.37x |
| 2026-02-27 | 31.35x |
| 2026-02-26 | 30.49x |
| 2026-02-25 | 30.69x |
| 2026-02-24 | 31.07x |
| 2026-02-23 | 31.54x |
| 2026-02-20 | 30.13x |
| 2026-02-19 | 30.52x |
| 2026-02-18 | 30.45x |
| 2026-02-17 | 30.89x |
| 2026-02-13 | 31.01x |
| 2026-02-12 | 33.76x |
| 2026-02-11 | 33.03x |
| 2026-02-10 | 33.33x |
| 2026-02-09 | 33.96x |
| 2026-02-06 | 34.38x |
| 2026-02-05 | 33.21x |
| 2026-02-04 | 35.92x |
| 2026-02-03 | 32.66x |
| 2026-02-02 | 33.94x |
| 2026-01-30 | 33.72x |
| 2026-01-29 | 33.31x |
| 2026-01-28 | 33.30x |
| 2026-01-27 | 33.79x |
| 2026-01-26 | 34.52x |
| 2026-01-23 | 34.57x |
| 2026-01-22 | 35.30x |
| 2026-01-21 | 35.02x |
| 2026-01-20 | 33.85x |
| 2026-01-16 | 33.76x |
| 2026-01-15 | 33.59x |
| 2026-01-14 | 34.86x |
| 2026-01-13 | 34.98x |
| 2026-01-12 | 35.10x |
| 2026-01-09 | 34.55x |
| 2026-01-08 | 35.23x |
| 2026-01-07 | 35.95x |
| 2026-01-06 | 34.57x |
| 2026-01-05 | 33.86x |
| 2026-01-02 | 35.08x |
| 2025-12-31 | 34.90x |
| 2025-12-30 | 35.06x |
| 2025-12-29 | 35.05x |
| 2025-12-26 | 35.00x |
| 2025-12-24 | 34.97x |
| 2025-12-23 | 34.80x |
| 2025-12-22 | 34.96x |
| 2025-12-19 | 34.80x |
| 2025-12-18 | 34.34x |
| 2025-12-17 | 33.87x |
| 2025-12-16 | 34.26x |
| 2025-12-15 | 34.51x |
| 2025-12-12 | 33.42x |
| 2025-12-11 | 32.85x |
| 2025-12-10 | 32.35x |
| 2025-12-09 | 32.00x |
| 2025-12-08 | 32.48x |
| 2025-12-05 | 32.88x |
| 2025-12-04 | 33.01x |
| 2025-12-03 | 33.61x |
| 2025-12-02 | 34.00x |
| 2025-12-01 | 34.37x |
| 2025-11-28 | 34.92x |
| 2025-11-26 | 35.83x |
| 2025-11-25 | 36.01x |
| 2025-11-24 | 34.76x |
| 2025-11-21 | 34.43x |
| 2025-11-20 | 33.91x |
| 2025-11-19 | 34.11x |
| 2025-11-18 | 33.50x |
| 2025-11-17 | 33.24x |
| 2025-11-14 | 33.35x |
| 2025-11-13 | 33.27x |
| 2025-11-12 | 33.11x |
| 2025-11-11 | 32.20x |
| 2025-11-10 | 31.51x |
| 2025-11-07 | 30.18x |
| 2025-11-06 | 30.59x |
| 2025-11-05 | 30.22x |
| 2025-11-04 | 29.63x |
| 2025-11-03 | 29.30x |
| 2025-10-31 | 28.25x |
| 2025-10-30 | 32.15x |
| 2025-10-29 | 31.02x |
| 2025-10-28 | 31.26x |
| 2025-10-27 | 31.49x |
| 2025-10-24 | 31.45x |
| 2025-10-23 | 31.29x |
| 2025-10-22 | 30.98x |
| 2025-10-21 | 30.51x |
| 2025-10-20 | 30.85x |
| 2025-10-17 | 30.63x |
| 2025-10-16 | 31.23x |
| 2025-10-15 | 31.49x |
| 2025-10-14 | 30.98x |
| 2025-10-13 | 31.23x |
| 2025-10-10 | 31.75x |
| 2025-10-09 | 32.54x |
| 2025-10-08 | 32.19x |
| 2025-10-07 | 32.11x |
| 2025-10-06 | 32.17x |
| 2025-10-03 | 31.98x |
| 2025-10-02 | 31.25x |
| 2025-10-01 | 31.45x |
| 2025-09-30 | 29.19x |
| 2025-09-29 | 27.86x |
| 2025-09-26 | 27.79x |
| 2025-09-25 | 27.43x |
| 2025-09-24 | 28.42x |
| 2025-09-23 | 28.60x |
| 2025-09-22 | 28.89x |
| 2025-09-19 | 28.79x |
| 2025-09-18 | 29.18x |
| 2025-09-17 | 29.08x |
| 2025-09-16 | 29.25x |
| 2025-09-15 | 28.65x |
| 2025-09-12 | 28.91x |
| 2025-09-11 | 28.94x |
| 2025-09-10 | 28.88x |
| 2025-09-09 | 28.74x |
| 2025-09-08 | 28.30x |
| 2025-09-05 | 27.89x |
| 2025-09-04 | 28.46x |
| 2025-09-03 | 28.27x |
| 2025-09-02 | 28.18x |
| 2025-08-29 | 28.08x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
