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 36.27x is 74% above its estimated 5-year average of 20.87x, near the low end of its estimated 5-year range (9.55x–124.09x).
As of 2026-09-15T14:21:40.045Z. 162.50% above its estimated 12-month average of 13.82x.
Calculation as of: 2026-09-15T14:21:40.045Z.
Quote observation: 2026-09-15T14:20:21.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: c8318c878184d8f15fcb7dac92ef00686d8c361da023f0ec4e261699e68c0999
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
36.27x
EV/EBIT RATIO AVG TTM
13.82x
EV/EBIT RATIO AVG 3Y
24.88x
EV/EBIT RATIO AVG 5Y
20.87x
EV/EBIT RATIO AVG 10Y
23.25x
EV/EBIT RATIO AVG 15Y
21.31x
EV/EBIT RATIO AVG 20Y
21.50x
CURRENT VS TTM AVG
+162.50%
CURRENT VS 3Y AVG
+45.81%
CURRENT VS 5Y AVG
+73.75%
CURRENT VS 10Y AVG
+55.98%
CURRENT VS 15Y AVG
+70.19%
CURRENT VS 20Y AVG
+68.68%
SECTOR MEDIAN · HEALTHCARE
21.49x
median of 77 covered companies
CURRENT VS SECTOR MEDIAN
+68.78%
vs the sector median at left
Merck & Co., Inc.
Market Cap
$353.93B
EV/EBIT Ratio
36.27x
TTM Avg
13.82x
3Y Avg
24.88x
5Y Avg
20.87x
Market Cap
$343.08B
EV/EBIT Ratio
17.89x
TTM Avg
16.61x
3Y Avg
15.82x
5Y Avg
17.32x
Market Cap
$233.57B
EV/EBIT Ratio
33.20x
TTM Avg
29.47x
3Y Avg
30.36x
5Y Avg
28.76x
Market Cap
$179.66B
EV/EBIT Ratio
N/A
TTM Avg
17.79x
3Y Avg
42.84x
5Y Avg
31.29x
| NAME | MARKET CAP | EV/EBIT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Merck & Co., Inc. (MRK) | $353.93B | 36.27x | 13.82x | 24.88x | 20.87x |
| Roche Holding AG (RHHBY)vs › | $347.29B | N/A | N/A | N/A | N/A |
| UnitedHealth Group Incorporated (UNH)vs › | $343.08B | 17.89x | 16.61x | 15.82x | 17.32x |
| AstraZeneca PLC (AZN)vs › | $252.17B | 20.00x | 23.17x | 25.57x | 395.96x |
| AbbVie Inc. (ABBV)vs › | $460.11B | 27.77x | 36.56x | 32.61x | 26.92x |
| Thermo Fisher Scientific Inc. (TMO)vs › | $233.57B | 33.20x | 29.47x | 30.36x | 28.76x |
| Amgen Inc. (AMGN)vs › | $202.99B | 19.47x | 23.40x | 26.53x | 23.44x |
| Novo Nordisk A/S (NVO)vs › | $188.95B | 9.25x | 10.91x | 22.57x | 24.77x |
| Gilead Sciences, Inc. (GILD)vs › | $179.66B | N/A | 17.79x | 42.84x | 31.29x |
| Abbott Laboratories (ABT)vs › | $176.79B | 25.76x | 26.29x | 29.96x | 27.56x |
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 | 36.44x |
| 2026-09-10 | 36.61x |
| 2026-09-09 | 37.24x |
| 2026-09-08 | 37.45x |
| 2026-09-04 | 37.87x |
| 2026-09-03 | 38.32x |
| 2026-09-02 | 38.16x |
| 2026-09-01 | 37.76x |
| 2026-08-31 | 37.29x |
| 2026-08-28 | 37.43x |
| 2026-08-27 | 37.69x |
| 2026-08-26 | 38.49x |
| 2026-08-25 | 39.24x |
| 2026-08-24 | 37.94x |
| 2026-08-21 | 38.36x |
| 2026-08-20 | 37.57x |
| 2026-08-19 | 38.29x |
| 2026-08-18 | 34.48x |
| 2026-08-17 | 34.66x |
| 2026-08-14 | 34.63x |
| 2026-08-13 | 34.56x |
| 2026-08-12 | 33.98x |
| 2026-08-11 | 33.42x |
| 2026-08-10 | 33.53x |
| 2026-08-07 | 19.98x |
| 2026-08-06 | 19.95x |
| 2026-08-05 | 19.95x |
| 2026-08-04 | 19.90x |
| 2026-08-03 | 19.87x |
| 2026-07-31 | 20.20x |
| 2026-07-30 | 20.15x |
| 2026-07-29 | 20.23x |
| 2026-07-28 | 20.42x |
| 2026-07-27 | 20.28x |
| 2026-07-24 | 20.32x |
| 2026-07-23 | 20.24x |
| 2026-07-22 | 19.83x |
| 2026-07-21 | 19.67x |
| 2026-07-20 | 19.41x |
| 2026-07-17 | 19.83x |
| 2026-07-16 | 19.85x |
| 2026-07-15 | 19.30x |
| 2026-07-14 | 18.92x |
| 2026-07-13 | 19.36x |
| 2026-07-10 | 19.29x |
| 2026-07-09 | 19.50x |
| 2026-07-08 | 19.63x |
| 2026-07-07 | 20.02x |
| 2026-07-06 | 19.74x |
| 2026-07-02 | 20.12x |
| 2026-07-01 | 19.54x |
| 2026-06-30 | 19.97x |
| 2026-06-29 | 20.09x |
| 2026-06-26 | 19.99x |
| 2026-06-25 | 19.55x |
| 2026-06-24 | 18.89x |
| 2026-06-23 | 18.76x |
| 2026-06-22 | 18.19x |
| 2026-06-18 | 17.97x |
| 2026-06-17 | 18.19x |
| 2026-06-16 | 18.15x |
| 2026-06-15 | 18.11x |
| 2026-06-12 | 18.68x |
| 2026-06-11 | 18.91x |
| 2026-06-10 | 18.69x |
| 2026-06-09 | 18.76x |
| 2026-06-08 | 18.74x |
| 2026-06-05 | 18.92x |
| 2026-06-04 | 18.85x |
| 2026-06-03 | 18.09x |
| 2026-06-02 | 18.22x |
| 2026-06-01 | 18.15x |
| 2026-05-29 | 18.64x |
| 2026-05-28 | 18.80x |
| 2026-05-27 | 18.84x |
| 2026-05-26 | 18.77x |
| 2026-05-22 | 19.14x |
| 2026-05-21 | 18.25x |
| 2026-05-20 | 17.85x |
| 2026-05-19 | 18.02x |
| 2026-05-18 | 17.79x |
| 2026-05-15 | 17.63x |
| 2026-05-14 | 17.91x |
| 2026-05-13 | 17.92x |
| 2026-05-12 | 17.77x |
| 2026-05-11 | 17.62x |
| 2026-05-08 | 17.63x |
| 2026-05-07 | 17.76x |
| 2026-05-06 | 17.93x |
| 2026-05-05 | 17.87x |
| 2026-05-04 | 11.89x |
| 2026-05-01 | 11.80x |
| 2026-04-30 | 11.52x |
| 2026-04-29 | 11.69x |
| 2026-04-28 | 11.60x |
| 2026-04-27 | 11.62x |
| 2026-04-24 | 11.78x |
| 2026-04-23 | 12.03x |
| 2026-04-22 | 11.87x |
| 2026-04-21 | 11.84x |
| 2026-04-20 | 12.26x |
| 2026-04-17 | 12.45x |
| 2026-04-16 | 12.11x |
| 2026-04-15 | 12.34x |
| 2026-04-14 | 12.53x |
| 2026-04-13 | 12.55x |
| 2026-04-10 | 12.67x |
| 2026-04-09 | 12.78x |
| 2026-04-08 | 12.83x |
| 2026-04-07 | 12.47x |
| 2026-04-06 | 12.61x |
| 2026-04-02 | 12.61x |
| 2026-04-01 | 12.61x |
| 2026-03-31 | 12.56x |
| 2026-03-30 | 12.36x |
| 2026-03-27 | 12.50x |
| 2026-03-26 | 12.43x |
| 2026-03-25 | 12.47x |
| 2026-03-24 | 12.19x |
| 2026-03-23 | 12.13x |
| 2026-03-20 | 11.99x |
| 2026-03-19 | 11.99x |
| 2026-03-18 | 12.02x |
| 2026-03-17 | 12.15x |
| 2026-03-16 | 12.11x |
| 2026-03-13 | 12.12x |
| 2026-03-12 | 12.15x |
| 2026-03-11 | 12.18x |
| 2026-03-10 | 12.26x |
| 2026-03-09 | 12.26x |
| 2026-03-06 | 12.14x |
| 2026-03-05 | 12.17x |
| 2026-03-04 | 12.56x |
| 2026-03-03 | 12.52x |
| 2026-03-02 | 12.66x |
| 2026-02-27 | 12.89x |
| 2026-02-26 | 12.47x |
| 2026-02-25 | 12.76x |
| 2026-02-24 | 13.38x |
| 2026-02-23 | 13.36x |
| 2026-02-20 | 13.21x |
| 2026-02-19 | 13.17x |
| 2026-02-18 | 13.15x |
| 2026-02-17 | 13.14x |
| 2026-02-13 | 13.12x |
| 2026-02-12 | 12.90x |
| 2026-02-11 | 12.91x |
| 2026-02-10 | 12.69x |
| 2026-02-09 | 12.74x |
| 2026-02-06 | 13.17x |
| 2026-02-05 | 12.96x |
| 2026-02-04 | 12.81x |
| 2026-02-03 | 12.56x |
| 2026-02-02 | 12.32x |
| 2026-01-30 | 12.00x |
| 2026-01-29 | 11.81x |
| 2026-01-28 | 11.67x |
| 2026-01-27 | 11.77x |
| 2026-01-26 | 11.72x |
| 2026-01-23 | 11.79x |
| 2026-01-22 | 11.89x |
| 2026-01-21 | 12.09x |
| 2026-01-20 | 11.92x |
| 2026-01-16 | 11.86x |
| 2026-01-15 | 12.07x |
| 2026-01-14 | 12.08x |
| 2026-01-13 | 11.80x |
| 2026-01-12 | 11.90x |
| 2026-01-09 | 12.03x |
| 2026-01-08 | 12.08x |
| 2026-01-07 | 11.84x |
| 2026-01-06 | 11.86x |
| 2026-01-05 | 11.72x |
| 2026-01-02 | 11.62x |
| 2025-12-31 | 11.50x |
| 2025-12-30 | 11.58x |
| 2025-12-29 | 11.64x |
| 2025-12-26 | 11.65x |
| 2025-12-24 | 11.62x |
| 2025-12-23 | 11.48x |
| 2025-12-22 | 11.45x |
| 2025-12-19 | 11.08x |
| 2025-12-18 | 11.04x |
| 2025-12-17 | 10.89x |
| 2025-12-16 | 10.80x |
| 2025-12-15 | 11.00x |
| 2025-12-12 | 11.00x |
| 2025-12-11 | 10.87x |
| 2025-12-10 | 10.73x |
| 2025-12-09 | 10.66x |
| 2025-12-08 | 10.87x |
| 2025-12-05 | 10.94x |
| 2025-12-04 | 11.06x |
| 2025-12-03 | 11.20x |
| 2025-12-02 | 11.08x |
| 2025-12-01 | 11.16x |
| 2025-11-28 | 11.46x |
| 2025-11-26 | 11.44x |
| 2025-11-25 | 11.54x |
| 2025-11-24 | 11.01x |
| 2025-11-21 | 10.75x |
| 2025-11-20 | 10.47x |
| 2025-11-19 | 10.48x |
| 2025-11-18 | 10.61x |
| 2025-11-17 | 10.26x |
| 2025-11-14 | 10.26x |
| 2025-11-13 | 10.26x |
| 2025-11-12 | 10.11x |
| 2025-11-11 | 10.06x |
| 2025-11-10 | 9.64x |
| 2025-11-07 | 9.60x |
| 2025-11-06 | 9.55x |
| 2025-11-05 | 11.19x |
| 2025-11-04 | 11.13x |
| 2025-11-03 | 10.97x |
| 2025-10-31 | 11.38x |
| 2025-10-30 | 11.41x |
| 2025-10-29 | 11.45x |
| 2025-10-28 | 11.50x |
| 2025-10-27 | 11.61x |
| 2025-10-24 | 11.55x |
| 2025-10-23 | 11.52x |
| 2025-10-22 | 11.57x |
| 2025-10-21 | 11.57x |
| 2025-10-20 | 11.42x |
| 2025-10-17 | 11.24x |
| 2025-10-16 | 11.13x |
| 2025-10-15 | 11.16x |
| 2025-10-14 | 11.23x |
| 2025-10-13 | 11.34x |
| 2025-10-10 | 11.38x |
| 2025-10-09 | 11.55x |
| 2025-10-08 | 11.43x |
| 2025-10-07 | 11.57x |
| 2025-10-06 | 11.71x |
| 2025-10-03 | 11.75x |
| 2025-10-02 | 11.79x |
| 2025-10-01 | 11.86x |
| 2025-09-30 | 11.14x |
| 2025-09-29 | 10.51x |
| 2025-09-26 | 10.50x |
| 2025-09-25 | 10.39x |
| 2025-09-24 | 10.64x |
| 2025-09-23 | 10.67x |
| 2025-09-22 | 10.72x |
| 2025-09-19 | 10.85x |
| 2025-09-18 | 10.85x |
| 2025-09-17 | 10.81x |
| 2025-09-16 | 10.80x |
| 2025-09-15 | 10.79x |
| 2025-09-12 | 11.00x |
| 2025-09-11 | 11.28x |
| 2025-09-10 | 11.15x |
| 2025-09-09 | 11.22x |
| 2025-09-08 | 11.15x |
| 2025-09-05 | 11.23x |
| 2025-09-04 | 11.15x |
| 2025-09-03 | 11.16x |
| 2025-09-02 | 11.32x |
| 2025-08-29 | 11.16x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
