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Moderna, Inc. (MRNA) Enterprise Value (EV): $10.79B

The enterprise value (EV) for Moderna, Inc. (MRNA) is $10.79B as of Wednesday, June 10, 2026.

MRNA Enterprise Value (EV) Metrics

ENTERPRISE VALUE (EV)

$10.79B

MRNA Competitors' Enterprise Value (EV)

NAMEMARKET CAPENTERPRISE VALUE (EV)
Moderna, Inc. (MRNA)$18.40B$10.79B
Hologic, Inc. (HOLX)$16.97B$15.94B
BioNTech SE (BNTX)$21.81B$14.31B
Mettler-Toledo International Inc. (MTD)$22.85B$31.01B
Waters Corporation (WAT)$23.83B$23.51B
Align Technology, Inc. (ALGN)$12.56B$10.36B
Baxter International Inc. (BAX)$10.49B$17.84B
Veeva Systems Inc. (VEEV)$26.73B$32.05B
Charles River Laboratories International, Inc. (CRL)$9.06B$12.95B
Bio-Rad Laboratories, Inc. (BIO)$7.89B$9.26B

Enterprise Value Calculation

Market Cap

$18.40B

+

Total Debt

$1.24B

Cash

$2.60B

=

Enterprise Value

$10.79B

EV-Based Valuation Multiples

Why use EV instead of Market Cap?

  • EV accounts for debt - an acquirer must pay or assume it
  • EV deducts cash - the acquirer effectively receives it
  • EV enables fair comparison of companies with different capital structures
  • EV-based ratios (EV/EBITDA, EV/Sales) are capital structure neutral

Moderna, Inc. Enterprise Value (EV) Formula & Definition

Enterprise Value represents the total value of a company as if you were to acquire it completely - paying for equity while assuming debt and receiving cash.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Moderna, Inc. Enterprise Value (EV) FAQ

What is the enterprise value (EV) for Moderna, Inc. (MRNA)?
The enterprise value (EV) for MRNA stock is $10.79B.

About Moderna, Inc.

Moderna, Inc., a biotechnology firm, is dedicated to the discovery, development, and commercialization of messenger RNA (mRNA) based therapies and preventive medicines. Its extensive research and development efforts target a broad spectrum of medical needs, including infectious diseases, cancer immunology, rare conditions, cardiovascular ailments, and autoimmune disorders, with operations spanning the United States, Europe, and other global markets. The company's diverse product pipeline encompasses various vaccine candidates: those for respiratory illnesses like COVID-19, influenza, and respiratory syncytial virus (RSV); latent viral infections such as cytomegalovirus (CMV), Epstein-Barr virus (EBV), human immunodeficiency virus (HIV), herpes simplex virus (HSV), and varicella-zoster virus (VZV); and public health threats like Zika and Nipah. Additionally, Moderna is advancing systemic secreted and cell surface-targeted therapeutics, an array of cancer vaccines (including personalized, KRAS, and checkpoint varieties), intratumoral immuno-oncology products, localized regenerative treatments, systemic intracellular medicines, and inhaled pulmonary solutions. Moderna maintains strategic alliances with several prominent entities, including AstraZeneca PLC, Merck & Co., Inc., Vertex Pharmaceuticals Incorporated, Vertex Pharmaceuticals (Europe) Limited, Carisma Therapeutics, Inc., Metagenomi, Inc., the Defense Advanced Research Projects Agency (DARPA), the Biomedical Advanced Research and Development Authority (BARDA), the Institute for Life Changing Medicines, and The Bill & Melinda Gates Foundation. It also holds a collaboration and license agreement with Chiesi Farmaceutici S.P.A. Founded in 2010 as Moderna Therapeutics, Inc., the company officially became Moderna, Inc. in August 2018. Its corporate headquarters are located in Cambridge, Massachusetts.

Cambridge, MA
5,800 employees
Healthcare / Biotechnology
Sector
Healthcare
Industry
Biotechnology
CEO
Stéphane Bancel