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Moderna, Inc. (MRNA)
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Moderna, Inc. (MRNA) EV/FCF Ratio: 27.77x

Is Moderna, Inc.’s EV/FCF ratio high or low?

Moderna, Inc.'s EV/FCF ratio of 27.77x is in line with its 5-year average of 29.53x, near the low end of its 5-year range (3.51x–106.44x).

The EV/FCF ratio for Moderna, Inc. (MRNA) is 27.77x as of Tuesday, June 9, 2026. It is above its 12-month average by 37.30% (20.23x).

MRNA EV/FCF Ratio Chart

MRNA EV/FCF Ratio
27.77x+87.51% 1Y
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MRNA Average EV/FCF Ratio Chart

MRNA Current vs Average EV/FCF Ratio Chart

MRNA EV/FCF Ratio Metrics

EV/FCF RATIO

27.77x

EV/FCF RATIO AVG TTM

20.23x

EV/FCF RATIO AVG 3Y

39.97x

EV/FCF RATIO AVG 5Y

29.53x

EV/FCF RATIO AVG 10Y

32.24x

EV/FCF RATIO AVG 15Y

32.24x

EV/FCF RATIO AVG 20Y

32.24x

CURRENT VS TTM AVG

+37.30%

CURRENT VS 3Y AVG

-30.52%

CURRENT VS 5Y AVG

-5.95%

CURRENT VS 10Y AVG

-13.85%

CURRENT VS 15Y AVG

-13.85%

CURRENT VS 20Y AVG

-13.85%

MRNA Competitors' EV/FCF Ratio

NAMEMARKET CAPEV/FCF RATIOTTM3Y5Y
Moderna, Inc. (MRNA)27.77x20.23x39.97x29.53x
Hologic, Inc. (HOLX)$16.97B17.53x16.89x18.61x15.13x
BioNTech SE (BNTX)$21.87B9.68x18.15x9.84x13.27x
Mettler-Toledo International Inc. (MTD)$23.50B32.45x33.77x33.52x38.39x
Waters Corporation (WAT)$24.19B134.83x42.98x42.91x41.35x
Align Technology, Inc. (ALGN)$12.76B17.17x17.74x29.63x39.00x
Veeva Systems Inc. (VEEV)$27.37B50.23x29.28x32.90x38.29x
Charles River Laboratories International, Inc. (CRL)$9.14B31.07x21.19x29.11x35.24x
Biogen Inc. (BIIB)$29.39B12.48x12.70x21.68x21.18x
Bio-Rad Laboratories, Inc. (BIO)$8.03B24.87x25.01x43.94x51.13x

Cash Flow Valuation Comparison

EV/FCF

27.8x

P/FCF

31.6x

FCF Yield

3.17%

Formula: EV/FCF = Enterprise Value / Free Cash Flow

EV/FCF vs P/FCF:

  • EV/FCF accounts for debt and cash through enterprise value
  • P/FCF only considers equity value
  • EV/FCF can be compared across companies with different debt levels
  • Both measure how the market values cash generation

Moderna, Inc. EV/FCF Ratio Formula & Definition

EV/FCF = Enterprise Value / Free Cash Flow (TTM)

Enterprise value to free cash flow compares total company value to the cash the business generates after capital expenditures.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Moderna, Inc. EV/FCF Ratio FAQ

What is the EV/FCF ratio for Moderna, Inc. (MRNA)?
The EV/FCF ratio for MRNA stock is 27.77x.
Is Moderna, Inc.'s EV/FCF ratio high or low?
Moderna, Inc.'s EV/FCF ratio of 27.77x is in line with its 5-year average of 29.53x, near the low end of its 5-year range (3.51x–106.44x).
What is the TTM average EV/FCF ratio for Moderna, Inc. (MRNA)?
The TTM average EV/FCF ratio for MRNA stock is 20.23x.
What is the 3Y average EV/FCF ratio for Moderna, Inc. (MRNA)?
The 3Y average EV/FCF ratio for MRNA stock is 39.97x.
What is the 5Y average EV/FCF ratio for Moderna, Inc. (MRNA)?
The 5Y average EV/FCF ratio for MRNA stock is 29.53x.
What is the 10Y average EV/FCF ratio for Moderna, Inc. (MRNA)?
The 10Y average EV/FCF ratio for MRNA stock is 32.24x.
What is the 15Y average EV/FCF ratio for Moderna, Inc. (MRNA)?
The 15Y average EV/FCF ratio for MRNA stock is 32.24x.
What is the 20Y average EV/FCF ratio for Moderna, Inc. (MRNA)?
The 20Y average EV/FCF ratio for MRNA stock is 32.24x.

Moderna, Inc. EV/FCF Ratio History

DATEEV/FCF RATIO
2026-06-0927.77x
2026-06-0827.69x
2026-06-0527.58x
2026-06-0430.33x
2026-06-0328.65x
2026-06-0226.39x
2026-06-0126.67x
2026-05-2927.42x
2026-05-2827.67x
2026-05-2727.69x
2026-05-2627.31x
2026-05-2227.21x
2026-05-2127.46x
2026-05-2028.03x
2026-05-1926.44x
2026-05-1828.03x
2026-05-1528.64x
2026-05-1429.30x
2026-05-1329.55x
2026-05-1231.44x
2026-05-1131.18x
2026-05-0832.15x
2026-05-0728.31x
2026-05-0628.48x
2026-05-0527.10x
2026-05-0427.49x
2026-05-0126.21x
2026-04-3026.59x
2026-04-2926.44x
2026-04-2827.38x
2026-04-2728.42x
2026-04-2429.76x
2026-04-2331.16x
2026-04-2232.98x
2026-04-2132.08x
2026-04-2032.31x
2026-04-1731.74x
2026-04-1632.37x
2026-04-1532.10x
2026-04-1431.16x
2026-04-1329.73x
2026-04-1029.91x
2026-04-0930.12x
2026-04-0830.67x
2026-04-0729.35x
2026-04-0628.46x
2026-04-0228.75x
2026-04-0129.30x
2026-03-3129.81x
2026-03-3028.10x
2026-03-2728.98x
2026-03-2631.64x
2026-03-2531.62x
2026-03-2430.16x
2026-03-2330.12x
2026-03-2030.19x
2026-03-1930.84x
2026-03-1830.86x
2026-03-1731.88x
2026-03-1631.47x
2026-03-1330.97x
2026-03-1231.52x
2026-03-1133.23x
2026-03-1032.57x
2026-03-0933.07x
2026-03-0630.94x
2026-03-0531.81x
2026-03-0434.44x
2026-03-0329.16x
2026-03-0231.16x
2026-02-2731.64x
2026-02-2630.41x
2026-02-2530.18x
2026-02-2429.62x
2026-02-2329.47x
2026-02-2029.19x
2026-02-1929.08x
2026-02-1827.03x
2026-02-1725.26x
2026-02-1324.13x
2026-02-1222.73x
2026-02-1123.00x
2026-02-1023.98x
2026-02-0923.95x
2026-02-0623.33x
2026-02-0523.23x
2026-02-0424.49x
2026-02-0324.11x
2026-02-0224.35x
2026-01-3025.35x
2026-01-2927.20x
2026-01-2826.17x
2026-01-2726.27x
2026-01-2627.95x
2026-01-2328.42x
2026-01-2230.51x
2026-01-2129.15x
2026-01-2024.64x
2026-01-1623.87x
2026-01-1522.23x
2026-01-1423.04x
2026-01-1322.39x
2026-01-1218.58x
2026-01-0918.89x
2026-01-0818.60x
2026-01-0719.94x
2026-01-0619.79x
2026-01-0517.48x
2026-01-0216.61x
2025-12-3115.70x
2025-12-3016.31x
2025-12-2916.80x
2025-12-2616.83x
2025-12-2417.86x
2025-12-2317.56x
2025-12-2219.28x
2025-12-1918.56x
2025-12-1816.67x
2025-12-1716.38x
2025-12-1615.97x
2025-12-1515.99x
2025-12-1215.68x
2025-12-1115.80x
2025-12-1015.40x
2025-12-0914.88x
2025-12-0814.70x
2025-12-0514.52x
2025-12-0413.06x
2025-12-0312.85x
2025-12-0212.11x
2025-12-0112.18x
2025-11-2813.38x
2025-11-2612.74x
2025-11-2512.57x
2025-11-2412.17x
2025-11-2111.88x
2025-11-2010.98x
2025-11-1912.19x
2025-11-1812.68x
2025-11-1712.57x
2025-11-1412.58x
2025-11-1312.71x
2025-11-1213.86x
2025-11-1113.67x
2025-11-1012.57x
2025-11-0712.43x
2025-11-0612.29x
2025-11-0511.78x
2025-11-0411.90x
2025-11-0312.67x
2025-10-3114.16x
2025-10-3014.81x
2025-10-2912.53x
2025-10-2812.96x
2025-10-2713.83x
2025-10-2413.88x
2025-10-2313.56x
2025-10-2213.96x
2025-10-2114.38x
2025-10-2014.21x
2025-10-1713.40x
2025-10-1614.15x
2025-10-1514.53x
2025-10-1413.56x
2025-10-1313.88x
2025-10-1013.94x
2025-10-0914.41x
2025-10-0814.66x
2025-10-0714.28x
2025-10-0614.41x
2025-10-0315.04x
2025-10-0214.96x
2025-10-0114.45x
2025-09-3013.28x
2025-09-2912.95x
2025-09-2612.39x
2025-09-2512.47x
2025-09-2413.31x
2025-09-2313.25x
2025-09-2213.76x
2025-09-1912.89x
2025-09-1813.03x
2025-09-1712.73x
2025-09-1612.63x
2025-09-1511.99x
2025-09-1211.75x
2025-09-1112.99x
2025-09-1012.28x
2025-09-0912.38x
2025-09-0812.62x
2025-09-0512.82x
2025-09-0412.26x
2025-09-0312.10x
2025-09-0212.20x
2025-08-2912.13x
2025-08-2812.38x
2025-08-2712.80x
2025-08-2612.55x
2025-08-2512.96x
2025-08-2214.13x
2025-08-2113.54x
2025-08-2013.98x
2025-08-1914.66x
2025-08-1814.78x
2025-08-1514.73x
2025-08-1413.85x
2025-08-1313.98x
2025-08-1213.17x
2025-08-1113.04x
2025-08-0813.47x
2025-08-0713.80x
2025-08-0613.86x
2025-08-0514.37x
2025-08-0414.48x
2025-08-0114.46x
2025-07-3115.75x
2025-07-3017.46x
2025-07-2917.80x
2025-07-2818.63x
2025-07-2518.79x
2025-07-2418.69x
2025-07-2319.13x
2025-07-2217.85x
2025-07-2116.68x
2025-07-1816.87x
2025-07-1717.50x
2025-07-1617.40x
2025-07-1517.09x
2025-07-1417.94x
2025-07-1118.45x
2025-07-1018.87x
2025-07-0917.89x
2025-07-0817.72x
2025-07-0715.97x
2025-07-0316.37x
2025-07-0216.23x
2025-07-0115.17x
2025-06-3014.45x
2025-06-2714.16x
2025-06-2614.41x
2025-06-2513.96x
2025-06-2413.92x
2025-06-2313.18x
2025-06-2013.33x
2025-06-1813.00x
2025-06-1713.10x
2025-06-1613.39x
2025-06-1313.84x
2025-06-1214.29x
2025-06-1114.55x
2025-06-1014.51x
2025-06-0914.81x
2025-06-0614.36x
2025-06-0513.47x
2025-06-0414.23x
2025-06-0314.59x
2025-06-0214.09x
2025-05-3013.76x
2025-05-2914.01x
2025-05-2813.43x

Showing the most recent 260 of 1,407 data points. The chart above shows the full history.

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