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 9.63x is 30% below its estimated 5-year average of 13.71x, near the low end of its estimated 5-year range (9.28x–20.25x).
As of 2026-10-06T18:53:05.633Z. 2.61% below its estimated 12-month average of 9.89x.
Calculation as of: 2026-10-06T18:53:05.633Z.
Quote observation: 2026-10-06T18:50:09.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 5ca4feafebbf69fab89f600f241eff8316bc361f0cd7295f04f28d0809a33ca7
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 2026-10-05.
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
9.63x
EV/EBITDA RATIO AVG TTM
9.89x
EV/EBITDA RATIO AVG 3Y
12.56x
EV/EBITDA RATIO AVG 5Y
13.71x
EV/EBITDA RATIO AVG 10Y
13.89x
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-2.61%
CURRENT VS 3Y AVG
-23.30%
CURRENT VS 5Y AVG
-29.75%
CURRENT VS 10Y AVG
-30.67%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
15.71x
median of 217 covered companies
CURRENT VS SECTOR MEDIAN
-38.70%
vs the sector median at left
Surgery Partners, Inc.
Market Cap
$1.76B
EV/EBITDA Ratio
9.63x
TTM Avg
9.89x
3Y Avg
12.56x
5Y Avg
13.71x
Market Cap
$1.77B
EV/EBITDA Ratio
N/A
TTM Avg
2603.44x
3Y Avg
1662.57x
5Y Avg
1662.57x
Market Cap
$1.73B
EV/EBITDA Ratio
38.76x
TTM Avg
89.00x
3Y Avg
147.22x
5Y Avg
147.22x
Market Cap
$1.75B
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.80B
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$1.73B
EV/EBITDA Ratio
15.76x
TTM Avg
130.62x
3Y Avg
220.82x
5Y Avg
220.82x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Surgery Partners, Inc. (SGRY) | $1.76B | 9.63x | 9.89x | 12.56x | 13.71x |
| Novocure Ltd (NVCR)vs › | $1.77B | N/A | 2603.44x | 1662.57x | 1662.57x |
| Absci Corporation (ABSI)vs › | $1.79B | N/A | N/A | N/A | N/A |
| Xeris Biopharma Holdings, Inc. (XERS)vs › | $1.73B | 38.76x | 89.00x | 147.22x | 147.22x |
| Xencor, Inc. (XNCR)vs › | $1.79B | N/A | 26.29x | 37.47x | 47.79x |
| Intellia Therapeutics, Inc. (NTLA)vs › | $1.75B | N/A | N/A | N/A | N/A |
| Generate Biomedicines, Inc. (GENB)vs › | $1.80B | N/A | N/A | N/A | N/A |
| Alignment Healthcare, Inc. (ALHC)vs › | $1.73B | 15.76x | 130.62x | 220.82x | 220.82x |
| Novavax, Inc. (NVAX)vs › | $1.82B | N/A | 3.29x | 3.29x | 3.29x |
| LeMaitre Vascular, Inc. (LMAT)vs › | $1.81B | 21.77x | 30.23x | 32.57x | 30.28x |
At 9.6, EV/EBITDA is below its estimated 11-year median — higher than 5% of readings in its estimated 11-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 11-year low
8.2
median
13.2
estimated 11-year high
20.4
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 |
|---|---|
| 2026-10-05 | 9.55x |
| 2026-10-02 | 9.55x |
| 2026-10-01 | 9.53x |
| 2026-09-30 | 9.67x |
| 2026-09-29 | 9.79x |
| 2026-09-28 | 9.86x |
| 2026-09-25 | 9.79x |
| 2026-09-24 | 9.75x |
| 2026-09-23 | 9.83x |
| 2026-09-22 | 10.10x |
| 2026-09-21 | 9.63x |
| 2026-09-18 | 9.54x |
| 2026-09-17 | 9.56x |
| 2026-09-16 | 9.69x |
| 2026-09-15 | 9.62x |
| 2026-09-14 | 9.71x |
| 2026-09-11 | 9.79x |
| 2026-09-10 | 9.73x |
| 2026-09-09 | 9.73x |
| 2026-09-08 | 9.69x |
| 2026-09-04 | 9.76x |
| 2026-09-03 | 9.74x |
| 2026-09-02 | 9.70x |
| 2026-09-01 | 9.84x |
| 2026-08-31 | 9.68x |
| 2026-08-28 | 9.63x |
| 2026-08-27 | 9.69x |
| 2026-08-26 | 9.71x |
| 2026-08-25 | 9.71x |
| 2026-08-24 | 9.69x |
| 2026-08-21 | 9.82x |
| 2026-08-20 | 9.69x |
| 2026-08-19 | 9.61x |
| 2026-08-18 | 9.76x |
| 2026-08-17 | 9.78x |
| 2026-08-14 | 9.93x |
| 2026-08-13 | 9.97x |
| 2026-08-12 | 10.00x |
| 2026-08-11 | 9.93x |
| 2026-08-10 | 10.02x |
| 2026-08-07 | 9.93x |
| 2026-08-06 | 9.79x |
| 2026-08-05 | 9.88x |
| 2026-08-04 | 9.95x |
| 2026-08-03 | 10.04x |
| 2026-07-31 | 9.90x |
| 2026-07-30 | 10.01x |
| 2026-07-29 | 10.12x |
| 2026-07-28 | 9.94x |
| 2026-07-27 | 9.85x |
| 2026-07-24 | 9.97x |
| 2026-07-23 | 9.86x |
| 2026-07-22 | 9.84x |
| 2026-07-21 | 10.10x |
| 2026-07-20 | 10.04x |
| 2026-07-17 | 10.03x |
| 2026-07-16 | 10.17x |
| 2026-07-15 | 10.01x |
| 2026-07-14 | 9.84x |
| 2026-07-13 | 10.03x |
| 2026-07-10 | 10.12x |
| 2026-07-09 | 10.20x |
| 2026-07-08 | 10.14x |
| 2026-07-07 | 10.29x |
| 2026-07-06 | 10.25x |
| 2026-07-02 | 10.30x |
| 2026-07-01 | 10.16x |
| 2026-06-30 | 10.20x |
| 2026-06-29 | 10.15x |
| 2026-06-26 | 9.99x |
| 2026-06-25 | 9.91x |
| 2026-06-24 | 9.86x |
| 2026-06-23 | 9.71x |
| 2026-06-22 | 9.71x |
| 2026-06-18 | 9.71x |
| 2026-06-17 | 9.64x |
| 2026-06-16 | 9.84x |
| 2026-06-15 | 9.84x |
| 2026-06-12 | 9.88x |
| 2026-06-11 | 9.80x |
| 2026-06-10 | 9.64x |
| 2026-06-09 | 9.58x |
| 2026-06-08 | 9.56x |
| 2026-06-05 | 9.53x |
| 2026-06-04 | 9.52x |
| 2026-06-03 | 9.49x |
| 2026-06-02 | 9.54x |
| 2026-06-01 | 9.42x |
| 2026-05-29 | 9.45x |
| 2026-05-28 | 9.52x |
| 2026-05-27 | 9.48x |
| 2026-05-26 | 9.47x |
| 2026-05-22 | 9.46x |
| 2026-05-21 | 9.44x |
| 2026-05-20 | 9.48x |
| 2026-05-19 | 9.53x |
| 2026-05-18 | 9.58x |
| 2026-05-15 | 9.58x |
| 2026-05-14 | 9.70x |
| 2026-05-13 | 9.66x |
| 2026-05-12 | 9.59x |
| 2026-05-11 | 9.55x |
| 2026-05-08 | 9.69x |
| 2026-05-07 | 9.66x |
| 2026-05-06 | 9.72x |
| 2026-05-05 | 9.90x |
| 2026-05-04 | 9.89x |
| 2026-05-01 | 9.90x |
| 2026-04-30 | 9.85x |
| 2026-04-29 | 9.81x |
| 2026-04-28 | 9.92x |
| 2026-04-27 | 9.96x |
| 2026-04-24 | 9.92x |
| 2026-04-23 | 9.98x |
| 2026-04-22 | 10.01x |
| 2026-04-21 | 9.97x |
| 2026-04-20 | 9.91x |
| 2026-04-17 | 9.84x |
| 2026-04-16 | 9.71x |
| 2026-04-15 | 9.67x |
| 2026-04-14 | 9.64x |
| 2026-04-13 | 9.64x |
| 2026-04-10 | 9.60x |
| 2026-04-09 | 9.60x |
| 2026-04-08 | 9.54x |
| 2026-04-07 | 9.54x |
| 2026-04-06 | 9.46x |
| 2026-04-02 | 9.43x |
| 2026-04-01 | 9.45x |
| 2026-03-31 | 9.37x |
| 2026-03-30 | 9.30x |
| 2026-03-27 | 9.28x |
| 2026-03-26 | 9.36x |
| 2026-03-25 | 9.40x |
| 2026-03-24 | 9.39x |
| 2026-03-23 | 9.39x |
| 2026-03-20 | 9.35x |
| 2026-03-19 | 9.40x |
| 2026-03-18 | 9.47x |
| 2026-03-17 | 9.54x |
| 2026-03-16 | 9.48x |
| 2026-03-13 | 9.48x |
| 2026-03-12 | 9.56x |
| 2026-03-11 | 9.73x |
| 2026-03-10 | 9.61x |
| 2026-03-09 | 9.68x |
| 2026-03-06 | 9.70x |
| 2026-03-05 | 9.87x |
| 2026-03-04 | 9.86x |
| 2026-03-03 | 9.82x |
| 2026-03-02 | 10.21x |
| 2026-02-27 | 10.13x |
| 2026-02-26 | 10.10x |
| 2026-02-25 | 10.13x |
| 2026-02-24 | 10.10x |
| 2026-02-23 | 10.13x |
| 2026-02-20 | 10.14x |
| 2026-02-19 | 10.09x |
| 2026-02-18 | 10.24x |
| 2026-02-17 | 10.15x |
| 2026-02-13 | 10.12x |
| 2026-02-12 | 10.13x |
| 2026-02-11 | 10.01x |
| 2026-02-10 | 9.77x |
| 2026-02-09 | 9.67x |
| 2026-02-06 | 9.69x |
| 2026-02-05 | 9.66x |
| 2026-02-04 | 9.80x |
| 2026-02-03 | 9.84x |
| 2026-02-02 | 9.97x |
| 2026-01-30 | 9.98x |
| 2026-01-29 | 9.90x |
| 2026-01-28 | 9.98x |
| 2026-01-27 | 10.08x |
| 2026-01-26 | 10.29x |
| 2026-01-23 | 10.27x |
| 2026-01-22 | 10.20x |
| 2026-01-21 | 10.12x |
| 2026-01-20 | 10.16x |
| 2026-01-16 | 10.22x |
| 2026-01-15 | 10.24x |
| 2026-01-14 | 10.11x |
| 2026-01-13 | 10.26x |
| 2026-01-12 | 10.31x |
| 2026-01-09 | 10.27x |
| 2026-01-08 | 10.18x |
| 2026-01-07 | 10.16x |
| 2026-01-06 | 10.15x |
| 2026-01-05 | 10.09x |
| 2026-01-02 | 10.07x |
| 2025-12-31 | 10.12x |
| 2025-12-30 | 10.16x |
| 2025-12-29 | 10.19x |
| 2025-12-26 | 10.21x |
| 2025-12-24 | 10.16x |
| 2025-12-23 | 10.13x |
| 2025-12-22 | 10.17x |
| 2025-12-19 | 10.17x |
| 2025-12-18 | 10.20x |
| 2025-12-17 | 10.20x |
| 2025-12-16 | 10.13x |
| 2025-12-15 | 10.11x |
| 2025-12-12 | 10.16x |
| 2025-12-11 | 10.26x |
| 2025-12-10 | 10.36x |
| 2025-12-09 | 10.56x |
| 2025-12-08 | 10.41x |
| 2025-12-05 | 10.51x |
| 2025-12-04 | 10.56x |
| 2025-12-03 | 10.48x |
| 2025-12-02 | 10.42x |
| 2025-12-01 | 10.49x |
| 2025-11-28 | 10.49x |
| 2025-11-26 | 10.48x |
| 2025-11-25 | 10.45x |
| 2025-11-24 | 10.31x |
| 2025-11-21 | 10.21x |
| 2025-11-20 | 10.08x |
| 2025-11-19 | 10.18x |
| 2025-11-18 | 10.06x |
| 2025-11-17 | 10.03x |
| 2025-11-14 | 10.08x |
| 2025-11-13 | 10.08x |
| 2025-11-12 | 10.21x |
| 2025-11-11 | 10.19x |
| 2025-11-10 | 10.85x |
| 2025-11-07 | 12.17x |
| 2025-11-06 | 12.20x |
| 2025-11-05 | 12.29x |
| 2025-11-04 | 12.30x |
| 2025-11-03 | 12.22x |
| 2025-10-31 | 12.28x |
| 2025-10-30 | 12.33x |
| 2025-10-29 | 12.48x |
| 2025-10-28 | 12.52x |
| 2025-10-27 | 12.51x |
| 2025-10-24 | 12.49x |
| 2025-10-23 | 12.29x |
| 2025-10-22 | 12.12x |
| 2025-10-21 | 12.07x |
| 2025-10-20 | 12.02x |
| 2025-10-17 | 11.95x |
| 2025-10-16 | 12.08x |
| 2025-10-15 | 12.08x |
| 2025-10-14 | 12.04x |
| 2025-10-13 | 11.76x |
| 2025-10-10 | 11.75x |
| 2025-10-09 | 11.89x |
| 2025-10-08 | 11.95x |
| 2025-10-07 | 11.90x |
| 2025-10-06 | 11.90x |
| 2025-10-03 | 12.09x |
| 2025-10-02 | 12.10x |
| 2025-10-01 | 12.10x |
| 2025-09-30 | 12.21x |
| 2025-09-29 | 12.27x |
| 2025-09-26 | 12.26x |
| 2025-09-25 | 12.20x |
| 2025-09-24 | 12.27x |
| 2025-09-23 | 12.24x |
Showing the most recent 260 of 2,603 data points. The chart above shows the full history.
