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 18.21x is in line with its estimated 5-year average of 19.46x, around the middle of its estimated 5-year range (14.27x–26.41x).
As of 2026-10-02T19:55:45.768Z. 0.32% above its estimated 12-month average of 18.15x.
Calculation as of: 2026-10-02T19:55:45.768Z.
Quote observation: 2026-10-02T19:55:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 0be53b889a34275f00216ff99dc3094d43fc397a65c15d72f0e0b892efd9cb96
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 2026-10-01.
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
18.21x
EV/EBIT RATIO AVG TTM
18.15x
EV/EBIT RATIO AVG 3Y
18.98x
EV/EBIT RATIO AVG 5Y
19.46x
EV/EBIT RATIO AVG 10Y
21.02x
EV/EBIT RATIO AVG 15Y
19.66x
EV/EBIT RATIO AVG 20Y
17.80x
CURRENT VS TTM AVG
+0.32%
CURRENT VS 3Y AVG
-4.04%
CURRENT VS 5Y AVG
-6.43%
CURRENT VS 10Y AVG
-13.38%
CURRENT VS 15Y AVG
-7.35%
CURRENT VS 20Y AVG
+2.30%
SECTOR MEDIAN · HEALTHCARE
21.18x
median of 79 covered companies
CURRENT VS SECTOR MEDIAN
-14.02%
vs the sector median at left
Market Cap
$242.75B
EV/EBIT Ratio
33.77x
TTM Avg
29.48x
3Y Avg
30.27x
5Y Avg
28.81x
Market Cap
$338.13B
EV/EBIT Ratio
17.66x
TTM Avg
16.98x
3Y Avg
15.86x
5Y Avg
17.29x
Market Cap
$356.05B
EV/EBIT Ratio
36.46x
TTM Avg
17.46x
3Y Avg
30.67x
5Y Avg
27.16x
Market Cap
$179.66B
EV/EBIT Ratio
N/A
TTM Avg
17.79x
3Y Avg
42.84x
5Y Avg
31.29x
Market Cap
$168.54B
EV/EBIT Ratio
24.72x
TTM Avg
25.95x
3Y Avg
29.88x
5Y Avg
27.52x
| NAME | MARKET CAP | EV/EBIT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Novartis AG (NVS) | $267.96B | 18.21x | 18.15x | 18.98x | 19.46x |
| AstraZeneca PLC (AZN)vs › | $243.44B | 19.38x | 23.01x | 25.31x | 395.84x |
| Thermo Fisher Scientific Inc. (TMO)vs › | $242.75B | 33.77x | 29.48x | 30.27x | 28.81x |
| Amgen Inc. (AMGN)vs › | $217.61B | 20.63x | 23.19x | 26.59x | 23.44x |
| Roche Holding AG (RHHBY)vs › | $332.18B | N/A | N/A | N/A | N/A |
| UnitedHealth Group Incorporated (UNH)vs › | $338.13B | 17.66x | 16.98x | 15.86x | 17.29x |
| Merck & Co., Inc. (MRK)vs › | $356.05B | 36.46x | 17.46x | 30.67x | 27.16x |
| Gilead Sciences, Inc. (GILD)vs › | $179.66B | N/A | 17.79x | 42.84x | 31.29x |
| Abbott Laboratories (ABT)vs › | $168.54B | 24.72x | 25.95x | 29.88x | 27.52x |
| Novo Nordisk A/S (NVO)vs › | $165.79B | 8.19x | 10.68x | 22.07x | 24.56x |
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 |
|---|---|
| 2026-10-01 | 18.32x |
| 2026-09-30 | 18.50x |
| 2026-09-29 | 18.85x |
| 2026-09-28 | 18.98x |
| 2026-09-25 | 18.82x |
| 2026-09-24 | 18.61x |
| 2026-09-23 | 18.51x |
| 2026-09-22 | 18.35x |
| 2026-09-21 | 18.32x |
| 2026-09-18 | 18.25x |
| 2026-09-17 | 18.31x |
| 2026-09-16 | 18.06x |
| 2026-09-15 | 18.05x |
| 2026-09-14 | 18.09x |
| 2026-09-11 | 17.89x |
| 2026-09-10 | 17.92x |
| 2026-09-09 | 17.92x |
| 2026-09-08 | 17.95x |
| 2026-09-04 | 20.46x |
| 2026-09-03 | 20.81x |
| 2026-09-02 | 20.74x |
| 2026-09-01 | 20.60x |
| 2026-08-31 | 19.56x |
| 2026-08-28 | 19.76x |
| 2026-08-27 | 19.86x |
| 2026-08-26 | 20.18x |
| 2026-08-25 | 20.46x |
| 2026-08-24 | 20.24x |
| 2026-08-21 | 20.33x |
| 2026-08-20 | 20.04x |
| 2026-08-19 | 20.49x |
| 2026-08-18 | 19.85x |
| 2026-08-17 | 19.55x |
| 2026-08-14 | 19.43x |
| 2026-08-13 | 19.53x |
| 2026-08-12 | 19.59x |
| 2026-08-11 | 19.85x |
| 2026-08-10 | 20.10x |
| 2026-08-07 | 20.05x |
| 2026-08-06 | 19.81x |
| 2026-08-05 | 19.83x |
| 2026-08-04 | 19.70x |
| 2026-08-03 | 19.75x |
| 2026-07-31 | 20.03x |
| 2026-07-30 | 20.28x |
| 2026-07-29 | 20.33x |
| 2026-07-28 | 20.44x |
| 2026-07-27 | 20.02x |
| 2026-07-24 | 19.90x |
| 2026-07-23 | 20.02x |
| 2026-07-22 | 19.68x |
| 2026-07-21 | 19.56x |
| 2026-07-20 | 19.08x |
| 2026-07-17 | 19.55x |
| 2026-07-16 | 19.44x |
| 2026-07-15 | 19.22x |
| 2026-07-14 | 19.17x |
| 2026-07-13 | 19.51x |
| 2026-07-10 | 19.58x |
| 2026-07-09 | 19.65x |
| 2026-07-08 | 19.71x |
| 2026-07-07 | 19.92x |
| 2026-07-06 | 19.74x |
| 2026-07-02 | 20.24x |
| 2026-07-01 | 19.59x |
| 2026-06-30 | 19.88x |
| 2026-06-29 | 19.98x |
| 2026-06-26 | 19.74x |
| 2026-06-25 | 19.70x |
| 2026-06-24 | 19.48x |
| 2026-06-23 | 19.51x |
| 2026-06-22 | 19.01x |
| 2026-06-18 | 18.80x |
| 2026-06-17 | 19.23x |
| 2026-06-16 | 19.23x |
| 2026-06-15 | 19.30x |
| 2026-06-12 | 19.47x |
| 2026-06-11 | 19.57x |
| 2026-06-10 | 18.92x |
| 2026-06-09 | 19.03x |
| 2026-06-08 | 18.73x |
| 2026-06-05 | 19.04x |
| 2026-06-04 | 18.95x |
| 2026-06-03 | 18.42x |
| 2026-06-02 | 18.40x |
| 2026-06-01 | 18.65x |
| 2026-05-29 | 19.15x |
| 2026-05-28 | 19.29x |
| 2026-05-27 | 19.26x |
| 2026-05-26 | 19.22x |
| 2026-05-22 | 19.36x |
| 2026-05-21 | 19.33x |
| 2026-05-20 | 19.18x |
| 2026-05-19 | 19.18x |
| 2026-05-18 | 19.03x |
| 2026-05-15 | 18.92x |
| 2026-05-14 | 19.10x |
| 2026-05-13 | 19.10x |
| 2026-05-12 | 18.92x |
| 2026-05-11 | 18.60x |
| 2026-05-08 | 18.69x |
| 2026-05-07 | 18.61x |
| 2026-05-06 | 18.95x |
| 2026-05-05 | 18.63x |
| 2026-05-04 | 18.53x |
| 2026-05-01 | 18.75x |
| 2026-04-30 | 18.89x |
| 2026-04-29 | 18.34x |
| 2026-04-28 | 17.46x |
| 2026-04-27 | 17.31x |
| 2026-04-24 | 17.45x |
| 2026-04-23 | 17.67x |
| 2026-04-22 | 17.66x |
| 2026-04-21 | 17.73x |
| 2026-04-20 | 18.06x |
| 2026-04-17 | 18.17x |
| 2026-04-16 | 17.92x |
| 2026-04-15 | 18.18x |
| 2026-04-14 | 18.32x |
| 2026-04-13 | 18.44x |
| 2026-04-10 | 18.40x |
| 2026-04-09 | 18.51x |
| 2026-04-08 | 18.44x |
| 2026-04-07 | 18.09x |
| 2026-04-06 | 18.26x |
| 2026-04-02 | 18.39x |
| 2026-04-01 | 18.51x |
| 2026-03-31 | 18.25x |
| 2026-03-30 | 17.99x |
| 2026-03-27 | 17.75x |
| 2026-03-26 | 17.92x |
| 2026-03-25 | 18.03x |
| 2026-03-24 | 17.80x |
| 2026-03-23 | 17.74x |
| 2026-03-20 | 17.52x |
| 2026-03-19 | 17.75x |
| 2026-03-18 | 17.93x |
| 2026-03-17 | 18.48x |
| 2026-03-16 | 18.49x |
| 2026-03-13 | 18.33x |
| 2026-03-12 | 18.42x |
| 2026-03-11 | 18.59x |
| 2026-03-10 | 19.23x |
| 2026-03-09 | 19.36x |
| 2026-03-06 | 19.06x |
| 2026-03-05 | 19.16x |
| 2026-03-04 | 19.62x |
| 2026-03-03 | 19.51x |
| 2026-03-02 | 19.81x |
| 2026-02-27 | 20.00x |
| 2026-02-26 | 19.66x |
| 2026-02-25 | 19.80x |
| 2026-02-24 | 19.83x |
| 2026-02-23 | 19.57x |
| 2026-02-20 | 19.34x |
| 2026-02-19 | 19.48x |
| 2026-02-18 | 19.64x |
| 2026-02-17 | 19.73x |
| 2026-02-13 | 19.39x |
| 2026-02-12 | 19.18x |
| 2026-02-11 | 19.06x |
| 2026-02-10 | 18.85x |
| 2026-02-09 | 18.73x |
| 2026-02-06 | 18.66x |
| 2026-02-05 | 18.39x |
| 2026-02-04 | 18.17x |
| 2026-02-03 | 17.84x |
| 2026-02-02 | 17.97x |
| 2026-01-30 | 17.71x |
| 2026-01-29 | 17.73x |
| 2026-01-28 | 17.62x |
| 2026-01-27 | 18.10x |
| 2026-01-26 | 17.76x |
| 2026-01-23 | 17.54x |
| 2026-01-22 | 17.30x |
| 2026-01-21 | 17.31x |
| 2026-01-20 | 17.14x |
| 2026-01-16 | 17.23x |
| 2026-01-15 | 17.10x |
| 2026-01-14 | 17.43x |
| 2026-01-13 | 16.93x |
| 2026-01-12 | 16.95x |
| 2026-01-09 | 16.92x |
| 2026-01-08 | 16.91x |
| 2026-01-07 | 16.97x |
| 2026-01-06 | 17.00x |
| 2026-01-05 | 16.52x |
| 2026-01-02 | 16.59x |
| 2025-12-31 | 16.51x |
| 2025-12-30 | 16.61x |
| 2025-12-29 | 16.66x |
| 2025-12-26 | 16.66x |
| 2025-12-24 | 16.62x |
| 2025-12-23 | 16.65x |
| 2025-12-22 | 16.40x |
| 2025-12-19 | 16.31x |
| 2025-12-18 | 16.23x |
| 2025-12-17 | 16.20x |
| 2025-12-16 | 16.20x |
| 2025-12-15 | 16.22x |
| 2025-12-12 | 15.93x |
| 2025-12-11 | 15.90x |
| 2025-12-10 | 15.77x |
| 2025-12-09 | 15.75x |
| 2025-12-08 | 15.66x |
| 2025-12-05 | 15.88x |
| 2025-12-04 | 15.91x |
| 2025-12-03 | 16.05x |
| 2025-12-02 | 15.90x |
| 2025-12-01 | 15.53x |
| 2025-11-28 | 15.69x |
| 2025-11-26 | 15.69x |
| 2025-11-25 | 15.67x |
| 2025-11-24 | 15.26x |
| 2025-11-21 | 15.35x |
| 2025-11-20 | 15.02x |
| 2025-11-19 | 15.35x |
| 2025-11-18 | 15.42x |
| 2025-11-17 | 15.81x |
| 2025-11-14 | 15.78x |
| 2025-11-13 | 15.85x |
| 2025-11-12 | 15.90x |
| 2025-11-11 | 15.70x |
| 2025-11-10 | 15.33x |
| 2025-11-07 | 15.24x |
| 2025-11-06 | 15.26x |
| 2025-11-05 | 15.15x |
| 2025-11-04 | 15.09x |
| 2025-11-03 | 14.96x |
| 2025-10-31 | 14.96x |
| 2025-10-30 | 14.83x |
| 2025-10-29 | 14.74x |
| 2025-10-28 | 16.06x |
| 2025-10-27 | 16.73x |
| 2025-10-24 | 16.87x |
| 2025-10-23 | 17.02x |
| 2025-10-22 | 17.00x |
| 2025-10-21 | 16.99x |
| 2025-10-20 | 17.04x |
| 2025-10-17 | 17.00x |
| 2025-10-16 | 16.92x |
| 2025-10-15 | 16.83x |
| 2025-10-14 | 16.86x |
| 2025-10-13 | 16.73x |
| 2025-10-10 | 16.83x |
| 2025-10-09 | 16.95x |
| 2025-10-08 | 17.10x |
| 2025-10-07 | 17.01x |
| 2025-10-06 | 17.09x |
| 2025-10-03 | 17.11x |
| 2025-10-02 | 16.94x |
| 2025-10-01 | 17.03x |
| 2025-09-30 | 16.62x |
| 2025-09-29 | 16.14x |
| 2025-09-26 | 16.08x |
| 2025-09-25 | 15.92x |
| 2025-09-24 | 16.01x |
| 2025-09-23 | 15.99x |
| 2025-09-22 | 16.05x |
| 2025-09-19 | 16.00x |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.
