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 21.98x is 13% below its estimated 5-year average of 25.41x, near the low end of its estimated 5-year range (18.03x–38.42x).
As of 2026-09-16T00:06:02.927Z. 6.15% below its estimated 12-month average of 23.42x.
Calculation as of: 2026-09-16T00:06:02.927Z.
Quote observation: 2026-09-15T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: b4523606e21aacde325679aa5b9f63b685ee01750f17784c69cc48842d19db54
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
21.98x
EV/EBITDA RATIO AVG TTM
23.42x
EV/EBITDA RATIO AVG 3Y
23.57x
EV/EBITDA RATIO AVG 5Y
25.41x
EV/EBITDA RATIO AVG 10Y
25.41x
EV/EBITDA RATIO AVG 15Y
22.45x
EV/EBITDA RATIO AVG 20Y
19.47x
CURRENT VS TTM AVG
-6.15%
CURRENT VS 3Y AVG
-6.76%
CURRENT VS 5Y AVG
-13.50%
CURRENT VS 10Y AVG
-13.50%
CURRENT VS 15Y AVG
-2.11%
CURRENT VS 20Y AVG
+12.92%
SECTOR MEDIAN · HEALTHCARE
16.45x
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
+33.58%
vs the sector median at left
Mettler-Toledo International Inc.
Market Cap
$26.88B
EV/EBITDA Ratio
21.98x
TTM Avg
23.42x
3Y Avg
23.57x
5Y Avg
25.41x
Market Cap
$26.57B
EV/EBITDA Ratio
14.34x
TTM Avg
13.96x
3Y Avg
15.99x
5Y Avg
12.93x
Market Cap
$27.29B
EV/EBITDA Ratio
16.55x
TTM Avg
13.74x
3Y Avg
13.17x
5Y Avg
11.50x
Market Cap
$25.68B
EV/EBITDA Ratio
29.48x
TTM Avg
25.30x
3Y Avg
27.30x
5Y Avg
28.41x
Market Cap
$28.94B
EV/EBITDA Ratio
10.31x
TTM Avg
11.75x
3Y Avg
13.20x
5Y Avg
13.25x
Market Cap
$24.68B
EV/EBITDA Ratio
10.71x
TTM Avg
12.54x
3Y Avg
62.91x
5Y Avg
46.41x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Mettler-Toledo International Inc. (MTD) | $26.88B | 21.98x | 23.42x | 23.57x | 25.41x |
| Medline Inc. (MDLN)vs › | $27.15B | 13.60x | 14.91x | 14.91x | 14.91x |
| Labcorp Holdings Inc. (LH)vs › | $26.57B | 14.34x | 13.96x | 15.99x | 12.93x |
| Quest Diagnostics Incorporated (DGX)vs › | $27.29B | 16.55x | 13.74x | 13.17x | 11.50x |
| West Pharmaceutical Services, Inc. (WST)vs › | $25.68B | 29.48x | 25.30x | 27.30x | 28.41x |
| GE HealthCare Technologies Inc. (GEHC)vs › | $28.94B | 10.31x | 11.75x | 13.20x | 13.25x |
| Incyte Corporation (INCY)vs › | $24.68B | 10.71x | 12.54x | 62.91x | 46.41x |
| BioNTech SE (BNTX)vs › | $24.29B | N/A | 4.15x | 5.55x | 5.55x |
| Zoetis Inc. (ZTS)vs › | $30.78B | 9.62x | 13.52x | 19.53x | 22.52x |
| Waters Corporation (WAT)vs › | $31.19B | 38.70x | 27.04x | 23.39x | 22.47x |
At 22.0, EV/EBITDA is near its estimated 20-year median — higher than 59% 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
2.2
median
19.3
estimated 20-year high
39.1
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 | 21.37x |
| 2026-09-10 | 21.17x |
| 2026-09-09 | 21.32x |
| 2026-09-08 | 21.86x |
| 2026-09-04 | 22.16x |
| 2026-09-03 | 22.33x |
| 2026-09-02 | 22.51x |
| 2026-09-01 | 22.63x |
| 2026-08-31 | 23.08x |
| 2026-08-28 | 22.98x |
| 2026-08-27 | 23.11x |
| 2026-08-26 | 22.98x |
| 2026-08-25 | 23.03x |
| 2026-08-24 | 22.98x |
| 2026-08-21 | 22.93x |
| 2026-08-20 | 22.90x |
| 2026-08-19 | 23.38x |
| 2026-08-18 | 23.00x |
| 2026-08-17 | 23.27x |
| 2026-08-14 | 23.29x |
| 2026-08-13 | 23.47x |
| 2026-08-12 | 23.59x |
| 2026-08-11 | 23.57x |
| 2026-08-10 | 23.42x |
| 2026-08-07 | 23.45x |
| 2026-08-06 | 23.33x |
| 2026-08-05 | 23.33x |
| 2026-08-04 | 23.57x |
| 2026-08-03 | 23.69x |
| 2026-07-31 | 24.26x |
| 2026-07-30 | 23.69x |
| 2026-07-29 | 23.81x |
| 2026-07-28 | 23.81x |
| 2026-07-27 | 22.98x |
| 2026-07-24 | 22.84x |
| 2026-07-23 | 22.91x |
| 2026-07-22 | 22.18x |
| 2026-07-21 | 22.37x |
| 2026-07-20 | 21.99x |
| 2026-07-17 | 22.56x |
| 2026-07-16 | 22.96x |
| 2026-07-15 | 22.67x |
| 2026-07-14 | 22.64x |
| 2026-07-13 | 22.40x |
| 2026-07-10 | 22.34x |
| 2026-07-09 | 22.21x |
| 2026-07-08 | 21.59x |
| 2026-07-07 | 22.33x |
| 2026-07-06 | 22.33x |
| 2026-07-02 | 22.54x |
| 2026-07-01 | 22.41x |
| 2026-06-30 | 22.05x |
| 2026-06-29 | 21.75x |
| 2026-06-26 | 21.83x |
| 2026-06-25 | 21.50x |
| 2026-06-24 | 20.86x |
| 2026-06-23 | 20.12x |
| 2026-06-22 | 20.24x |
| 2026-06-18 | 19.93x |
| 2026-06-17 | 19.69x |
| 2026-06-16 | 20.04x |
| 2026-06-15 | 20.09x |
| 2026-06-12 | 19.72x |
| 2026-06-11 | 19.88x |
| 2026-06-10 | 19.74x |
| 2026-06-09 | 20.22x |
| 2026-06-08 | 19.84x |
| 2026-06-05 | 20.08x |
| 2026-06-04 | 20.50x |
| 2026-06-03 | 20.32x |
| 2026-06-02 | 20.33x |
| 2026-06-01 | 20.55x |
| 2026-05-29 | 20.50x |
| 2026-05-28 | 20.23x |
| 2026-05-27 | 19.12x |
| 2026-05-26 | 19.24x |
| 2026-05-22 | 19.27x |
| 2026-05-21 | 19.07x |
| 2026-05-20 | 18.94x |
| 2026-05-19 | 18.43x |
| 2026-05-18 | 18.82x |
| 2026-05-15 | 18.13x |
| 2026-05-14 | 18.29x |
| 2026-05-13 | 18.03x |
| 2026-05-12 | 18.78x |
| 2026-05-11 | 18.88x |
| 2026-05-08 | 20.25x |
| 2026-05-07 | 23.44x |
| 2026-05-06 | 23.59x |
| 2026-05-05 | 23.17x |
| 2026-05-04 | 22.48x |
| 2026-05-01 | 22.59x |
| 2026-04-30 | 22.74x |
| 2026-04-29 | 22.15x |
| 2026-04-28 | 22.51x |
| 2026-04-27 | 22.71x |
| 2026-04-24 | 22.84x |
| 2026-04-23 | 22.54x |
| 2026-04-22 | 23.29x |
| 2026-04-21 | 23.52x |
| 2026-04-20 | 23.53x |
| 2026-04-17 | 23.79x |
| 2026-04-16 | 22.98x |
| 2026-04-15 | 23.39x |
| 2026-04-14 | 23.81x |
| 2026-04-13 | 23.88x |
| 2026-04-10 | 23.54x |
| 2026-04-09 | 23.70x |
| 2026-04-08 | 23.50x |
| 2026-04-07 | 22.63x |
| 2026-04-06 | 22.58x |
| 2026-04-02 | 22.47x |
| 2026-04-01 | 22.70x |
| 2026-03-31 | 22.49x |
| 2026-03-30 | 22.27x |
| 2026-03-27 | 22.01x |
| 2026-03-26 | 22.63x |
| 2026-03-25 | 22.56x |
| 2026-03-24 | 22.54x |
| 2026-03-23 | 22.13x |
| 2026-03-20 | 21.56x |
| 2026-03-19 | 21.33x |
| 2026-03-18 | 21.35x |
| 2026-03-17 | 21.60x |
| 2026-03-16 | 21.47x |
| 2026-03-13 | 21.06x |
| 2026-03-12 | 20.96x |
| 2026-03-11 | 21.96x |
| 2026-03-10 | 22.01x |
| 2026-03-09 | 22.28x |
| 2026-03-06 | 21.65x |
| 2026-03-05 | 22.49x |
| 2026-03-04 | 22.91x |
| 2026-03-03 | 23.40x |
| 2026-03-02 | 23.54x |
| 2026-02-27 | 24.22x |
| 2026-02-26 | 24.39x |
| 2026-02-25 | 24.44x |
| 2026-02-24 | 24.43x |
| 2026-02-23 | 24.65x |
| 2026-02-20 | 24.40x |
| 2026-02-19 | 24.38x |
| 2026-02-18 | 24.36x |
| 2026-02-17 | 24.00x |
| 2026-02-13 | 24.12x |
| 2026-02-12 | 24.07x |
| 2026-02-11 | 24.64x |
| 2026-02-10 | 24.75x |
| 2026-02-09 | 24.45x |
| 2026-02-06 | 24.66x |
| 2026-02-05 | 24.82x |
| 2026-02-04 | 24.93x |
| 2026-02-03 | 24.60x |
| 2026-02-02 | 24.86x |
| 2026-01-30 | 24.66x |
| 2026-01-29 | 24.98x |
| 2026-01-28 | 25.13x |
| 2026-01-27 | 25.52x |
| 2026-01-26 | 25.53x |
| 2026-01-23 | 25.21x |
| 2026-01-22 | 25.74x |
| 2026-01-21 | 25.82x |
| 2026-01-20 | 25.16x |
| 2026-01-16 | 26.11x |
| 2026-01-15 | 26.71x |
| 2026-01-14 | 26.53x |
| 2026-01-13 | 26.52x |
| 2026-01-12 | 26.64x |
| 2026-01-09 | 26.52x |
| 2026-01-08 | 26.19x |
| 2026-01-07 | 26.29x |
| 2026-01-06 | 26.52x |
| 2026-01-05 | 25.88x |
| 2026-01-02 | 25.29x |
| 2025-12-31 | 25.01x |
| 2025-12-30 | 25.34x |
| 2025-12-29 | 25.43x |
| 2025-12-26 | 25.44x |
| 2025-12-24 | 25.39x |
| 2025-12-23 | 25.35x |
| 2025-12-22 | 25.31x |
| 2025-12-19 | 25.14x |
| 2025-12-18 | 24.93x |
| 2025-12-17 | 24.85x |
| 2025-12-16 | 24.88x |
| 2025-12-15 | 25.31x |
| 2025-12-12 | 25.00x |
| 2025-12-11 | 25.46x |
| 2025-12-10 | 25.20x |
| 2025-12-09 | 24.63x |
| 2025-12-08 | 24.79x |
| 2025-12-05 | 25.35x |
| 2025-12-04 | 25.48x |
| 2025-12-03 | 25.68x |
| 2025-12-02 | 25.89x |
| 2025-12-01 | 26.24x |
| 2025-11-28 | 26.38x |
| 2025-11-26 | 26.55x |
| 2025-11-25 | 26.87x |
| 2025-11-24 | 26.27x |
| 2025-11-21 | 25.98x |
| 2025-11-20 | 25.09x |
| 2025-11-19 | 25.18x |
| 2025-11-18 | 25.04x |
| 2025-11-17 | 24.92x |
| 2025-11-14 | 25.15x |
| 2025-11-13 | 25.31x |
| 2025-11-12 | 25.90x |
| 2025-11-11 | 25.85x |
| 2025-11-10 | 25.65x |
| 2025-11-07 | 26.27x |
| 2025-11-06 | 26.27x |
| 2025-11-05 | 26.27x |
| 2025-11-04 | 25.94x |
| 2025-11-03 | 25.71x |
| 2025-10-31 | 25.87x |
| 2025-10-30 | 25.21x |
| 2025-10-29 | 25.50x |
| 2025-10-28 | 25.68x |
| 2025-10-27 | 25.93x |
| 2025-10-24 | 26.18x |
| 2025-10-23 | 26.24x |
| 2025-10-22 | 25.28x |
| 2025-10-21 | 25.35x |
| 2025-10-20 | 24.87x |
| 2025-10-17 | 24.73x |
| 2025-10-16 | 24.91x |
| 2025-10-15 | 23.96x |
| 2025-10-14 | 23.94x |
| 2025-10-13 | 23.63x |
| 2025-10-10 | 23.44x |
| 2025-10-09 | 24.02x |
| 2025-10-08 | 24.38x |
| 2025-10-07 | 24.05x |
| 2025-10-06 | 24.66x |
| 2025-10-03 | 24.13x |
| 2025-10-02 | 23.90x |
| 2025-10-01 | 23.72x |
| 2025-09-30 | 22.66x |
| 2025-09-29 | 22.04x |
| 2025-09-26 | 22.26x |
| 2025-09-25 | 22.35x |
| 2025-09-24 | 22.91x |
| 2025-09-23 | 23.16x |
| 2025-09-22 | 23.18x |
| 2025-09-19 | 23.31x |
| 2025-09-18 | 23.67x |
| 2025-09-17 | 23.45x |
| 2025-09-16 | 23.49x |
| 2025-09-15 | 23.21x |
| 2025-09-12 | 23.20x |
| 2025-09-11 | 23.60x |
| 2025-09-10 | 23.09x |
| 2025-09-09 | 23.64x |
| 2025-09-08 | 24.14x |
| 2025-09-05 | 23.99x |
| 2025-09-04 | 23.68x |
| 2025-09-03 | 23.36x |
| 2025-09-02 | 23.48x |
| 2025-08-29 | 23.91x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
