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 17.07x is 29% below its estimated 5-year average of 23.99x, near the low end of its estimated 5-year range (16.69x–28.53x).
As of 2026-09-15T14:07:00.480Z. 22.10% below its estimated 12-month average of 21.91x.
Calculation as of: 2026-09-15T14:07:00.480Z.
Quote observation: 2026-09-15T14:05:17.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 0977b8a31e6ea7f9592b10cee9ae04021a425b0e7b389d5bba0cdf5189cd0787
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
17.07x
EV/EBITDA RATIO AVG TTM
21.91x
EV/EBITDA RATIO AVG 3Y
24.60x
EV/EBITDA RATIO AVG 5Y
23.99x
EV/EBITDA RATIO AVG 10Y
22.58x
EV/EBITDA RATIO AVG 15Y
21.26x
EV/EBITDA RATIO AVG 20Y
18.39x
CURRENT VS TTM AVG
-22.10%
CURRENT VS 3Y AVG
-30.60%
CURRENT VS 5Y AVG
-28.86%
CURRENT VS 10Y AVG
-24.39%
CURRENT VS 15Y AVG
-19.72%
CURRENT VS 20Y AVG
-7.18%
SECTOR MEDIAN · HEALTHCARE
16.34x
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
+4.44%
vs the sector median at left
Stryker Corporation
Market Cap
$106.88B
EV/EBITDA Ratio
17.07x
TTM Avg
21.91x
3Y Avg
24.60x
5Y Avg
23.99x
Market Cap
$103.94B
EV/EBITDA Ratio
14.89x
TTM Avg
18.37x
3Y Avg
17.39x
5Y Avg
15.31x
Market Cap
$120.33B
EV/EBITDA Ratio
14.47x
TTM Avg
17.50x
3Y Avg
12.63x
5Y Avg
12.54x
Market Cap
$91.60B
EV/EBITDA Ratio
13.92x
TTM Avg
10.92x
3Y Avg
11.49x
5Y Avg
12.20x
Market Cap
$91.13B
EV/EBITDA Ratio
8.82x
TTM Avg
9.97x
3Y Avg
10.38x
5Y Avg
9.84x
Market Cap
$129.76B
EV/EBITDA Ratio
9.69x
TTM Avg
8.47x
3Y Avg
8.07x
5Y Avg
8.70x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Stryker Corporation (SYK) | $106.88B | 17.07x | 21.91x | 24.60x | 23.99x |
| McKesson Corporation (MCK)vs › | $103.94B | 14.89x | 18.37x | 17.39x | 15.31x |
| Sanofi (SNY)vs › | $102.38B | 9.78x | 11.53x | 12.29x | 11.78x |
| GSK plc (GSK)vs › | $99.69B | 8.04x | 8.80x | 9.61x | 9.61x |
| Medtronic plc (MDT)vs › | $119.41B | 15.14x | 15.57x | 16.22x | 17.01x |
| CVS Health Corp. (CVS)vs › | $120.33B | 14.47x | 17.50x | 12.63x | 12.54x |
| Elevance Health Inc. (ELV)vs › | $91.60B | 13.92x | 10.92x | 11.49x | 12.20x |
| HCA Healthcare, Inc. (HCA)vs › | $91.13B | 8.82x | 9.97x | 10.38x | 9.84x |
| Bristol-Myers Squibb Company (BMY)vs › | $129.76B | 9.69x | 8.47x | 8.07x | 8.70x |
| Vertex Pharmaceuticals Incorporated (VRTX)vs › | $129.90B | 24.69x | 25.25x | 24.48x | 21.35x |
At 17.1, EV/EBITDA is below its estimated 20-year median — higher than 33% 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
6.2
median
19.3
estimated 20-year high
30.2
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 | 17.00x |
| 2026-09-10 | 16.69x |
| 2026-09-09 | 16.99x |
| 2026-09-08 | 17.05x |
| 2026-09-04 | 18.53x |
| 2026-09-03 | 18.80x |
| 2026-09-02 | 19.04x |
| 2026-09-01 | 19.33x |
| 2026-08-31 | 19.68x |
| 2026-08-28 | 20.07x |
| 2026-08-27 | 19.59x |
| 2026-08-26 | 20.01x |
| 2026-08-25 | 20.06x |
| 2026-08-24 | 19.91x |
| 2026-08-21 | 20.00x |
| 2026-08-20 | 19.90x |
| 2026-08-19 | 20.58x |
| 2026-08-18 | 20.10x |
| 2026-08-17 | 20.12x |
| 2026-08-14 | 20.54x |
| 2026-08-13 | 20.64x |
| 2026-08-12 | 20.99x |
| 2026-08-11 | 21.04x |
| 2026-08-10 | 20.91x |
| 2026-08-07 | 20.53x |
| 2026-08-06 | 20.44x |
| 2026-08-05 | 20.42x |
| 2026-08-04 | 20.36x |
| 2026-08-03 | 20.65x |
| 2026-07-31 | 20.82x |
| 2026-07-30 | 22.12x |
| 2026-07-29 | 22.37x |
| 2026-07-28 | 22.04x |
| 2026-07-27 | 21.46x |
| 2026-07-24 | 21.09x |
| 2026-07-23 | 20.43x |
| 2026-07-22 | 19.86x |
| 2026-07-21 | 20.17x |
| 2026-07-20 | 20.44x |
| 2026-07-17 | 20.48x |
| 2026-07-16 | 21.14x |
| 2026-07-15 | 20.28x |
| 2026-07-14 | 19.97x |
| 2026-07-13 | 21.16x |
| 2026-07-10 | 21.06x |
| 2026-07-09 | 20.90x |
| 2026-07-08 | 20.89x |
| 2026-07-07 | 21.06x |
| 2026-07-06 | 20.77x |
| 2026-07-02 | 20.87x |
| 2026-07-01 | 20.11x |
| 2026-06-30 | 20.19x |
| 2026-06-29 | 21.10x |
| 2026-06-26 | 21.23x |
| 2026-06-25 | 20.26x |
| 2026-06-24 | 20.12x |
| 2026-06-23 | 19.91x |
| 2026-06-22 | 19.60x |
| 2026-06-18 | 19.78x |
| 2026-06-17 | 19.39x |
| 2026-06-16 | 19.94x |
| 2026-06-15 | 19.79x |
| 2026-06-12 | 20.04x |
| 2026-06-11 | 19.65x |
| 2026-06-10 | 19.84x |
| 2026-06-09 | 20.14x |
| 2026-06-08 | 19.42x |
| 2026-06-05 | 19.66x |
| 2026-06-04 | 19.40x |
| 2026-06-03 | 19.04x |
| 2026-06-02 | 18.94x |
| 2026-06-01 | 19.29x |
| 2026-05-29 | 19.62x |
| 2026-05-28 | 19.77x |
| 2026-05-27 | 19.67x |
| 2026-05-26 | 20.08x |
| 2026-05-22 | 20.29x |
| 2026-05-21 | 20.11x |
| 2026-05-20 | 20.58x |
| 2026-05-19 | 20.36x |
| 2026-05-18 | 20.10x |
| 2026-05-15 | 19.72x |
| 2026-05-14 | 19.65x |
| 2026-05-13 | 19.45x |
| 2026-05-12 | 19.00x |
| 2026-05-11 | 17.74x |
| 2026-05-08 | 17.90x |
| 2026-05-07 | 18.39x |
| 2026-05-06 | 18.29x |
| 2026-05-05 | 18.45x |
| 2026-05-04 | 18.20x |
| 2026-05-01 | 18.42x |
| 2026-04-30 | 19.57x |
| 2026-04-29 | 19.57x |
| 2026-04-28 | 19.93x |
| 2026-04-27 | 20.35x |
| 2026-04-24 | 20.27x |
| 2026-04-23 | 20.39x |
| 2026-04-22 | 20.37x |
| 2026-04-21 | 20.26x |
| 2026-04-20 | 20.88x |
| 2026-04-17 | 21.16x |
| 2026-04-16 | 20.88x |
| 2026-04-15 | 21.04x |
| 2026-04-14 | 21.31x |
| 2026-04-13 | 21.38x |
| 2026-04-10 | 20.93x |
| 2026-04-09 | 20.93x |
| 2026-04-08 | 20.98x |
| 2026-04-07 | 20.53x |
| 2026-04-06 | 20.54x |
| 2026-04-02 | 20.50x |
| 2026-04-01 | 20.38x |
| 2026-03-31 | 20.33x |
| 2026-03-30 | 20.19x |
| 2026-03-27 | 20.27x |
| 2026-03-26 | 20.56x |
| 2026-03-25 | 20.28x |
| 2026-03-24 | 20.33x |
| 2026-03-23 | 20.56x |
| 2026-03-20 | 20.73x |
| 2026-03-19 | 20.96x |
| 2026-03-18 | 21.30x |
| 2026-03-17 | 21.49x |
| 2026-03-16 | 21.51x |
| 2026-03-13 | 20.79x |
| 2026-03-12 | 20.82x |
| 2026-03-11 | 21.30x |
| 2026-03-10 | 22.03x |
| 2026-03-09 | 22.44x |
| 2026-03-06 | 22.36x |
| 2026-03-05 | 22.69x |
| 2026-03-04 | 23.34x |
| 2026-03-03 | 23.49x |
| 2026-03-02 | 23.63x |
| 2026-02-27 | 23.65x |
| 2026-02-26 | 23.57x |
| 2026-02-25 | 23.46x |
| 2026-02-24 | 23.31x |
| 2026-02-23 | 23.50x |
| 2026-02-20 | 23.24x |
| 2026-02-19 | 22.82x |
| 2026-02-18 | 23.08x |
| 2026-02-17 | 22.62x |
| 2026-02-13 | 22.44x |
| 2026-02-12 | 22.43x |
| 2026-02-11 | 23.82x |
| 2026-02-10 | 23.66x |
| 2026-02-09 | 23.36x |
| 2026-02-06 | 23.49x |
| 2026-02-05 | 23.74x |
| 2026-02-04 | 23.63x |
| 2026-02-03 | 23.64x |
| 2026-02-02 | 24.08x |
| 2026-01-30 | 24.16x |
| 2026-01-29 | 23.26x |
| 2026-01-28 | 23.47x |
| 2026-01-27 | 23.27x |
| 2026-01-26 | 23.42x |
| 2026-01-23 | 23.30x |
| 2026-01-22 | 23.52x |
| 2026-01-21 | 23.77x |
| 2026-01-20 | 23.57x |
| 2026-01-16 | 23.82x |
| 2026-01-15 | 23.74x |
| 2026-01-14 | 23.56x |
| 2026-01-13 | 23.35x |
| 2026-01-12 | 23.68x |
| 2026-01-09 | 24.04x |
| 2026-01-08 | 24.02x |
| 2026-01-07 | 24.06x |
| 2026-01-06 | 23.98x |
| 2026-01-05 | 22.93x |
| 2026-01-02 | 22.89x |
| 2025-12-31 | 23.09x |
| 2025-12-30 | 23.25x |
| 2025-12-29 | 23.15x |
| 2025-12-26 | 23.25x |
| 2025-12-24 | 23.28x |
| 2025-12-23 | 23.29x |
| 2025-12-22 | 23.39x |
| 2025-12-19 | 23.31x |
| 2025-12-18 | 23.19x |
| 2025-12-17 | 23.15x |
| 2025-12-16 | 23.10x |
| 2025-12-15 | 23.32x |
| 2025-12-12 | 23.24x |
| 2025-12-11 | 23.18x |
| 2025-12-10 | 23.23x |
| 2025-12-09 | 22.96x |
| 2025-12-08 | 23.22x |
| 2025-12-05 | 23.83x |
| 2025-12-04 | 23.85x |
| 2025-12-03 | 23.95x |
| 2025-12-02 | 23.99x |
| 2025-12-01 | 24.33x |
| 2025-11-28 | 24.26x |
| 2025-11-26 | 24.33x |
| 2025-11-25 | 24.49x |
| 2025-11-24 | 24.20x |
| 2025-11-21 | 24.09x |
| 2025-11-20 | 23.62x |
| 2025-11-19 | 23.85x |
| 2025-11-18 | 23.57x |
| 2025-11-17 | 23.60x |
| 2025-11-14 | 23.73x |
| 2025-11-13 | 24.39x |
| 2025-11-12 | 24.03x |
| 2025-11-11 | 23.82x |
| 2025-11-10 | 23.30x |
| 2025-11-07 | 23.36x |
| 2025-11-06 | 23.23x |
| 2025-11-05 | 23.46x |
| 2025-11-04 | 23.75x |
| 2025-11-03 | 23.49x |
| 2025-10-31 | 23.41x |
| 2025-10-30 | 24.16x |
| 2025-10-29 | 24.20x |
| 2025-10-28 | 24.58x |
| 2025-10-27 | 25.04x |
| 2025-10-24 | 24.92x |
| 2025-10-23 | 25.00x |
| 2025-10-22 | 25.31x |
| 2025-10-21 | 24.80x |
| 2025-10-20 | 24.89x |
| 2025-10-17 | 24.49x |
| 2025-10-16 | 24.18x |
| 2025-10-15 | 24.21x |
| 2025-10-14 | 24.22x |
| 2025-10-13 | 23.92x |
| 2025-10-10 | 23.90x |
| 2025-10-09 | 24.24x |
| 2025-10-08 | 24.54x |
| 2025-10-07 | 24.18x |
| 2025-10-06 | 24.00x |
| 2025-10-03 | 24.25x |
| 2025-10-02 | 24.01x |
| 2025-10-01 | 23.88x |
| 2025-09-30 | 24.20x |
| 2025-09-29 | 24.22x |
| 2025-09-26 | 24.17x |
| 2025-09-25 | 24.14x |
| 2025-09-24 | 24.30x |
| 2025-09-23 | 24.43x |
| 2025-09-22 | 24.71x |
| 2025-09-19 | 24.63x |
| 2025-09-18 | 24.69x |
| 2025-09-17 | 24.63x |
| 2025-09-16 | 24.62x |
| 2025-09-15 | 24.65x |
| 2025-09-12 | 25.02x |
| 2025-09-11 | 25.34x |
| 2025-09-10 | 24.99x |
| 2025-09-09 | 25.57x |
| 2025-09-08 | 25.60x |
| 2025-09-05 | 25.55x |
| 2025-09-04 | 25.67x |
| 2025-09-03 | 25.33x |
| 2025-09-02 | 25.41x |
| 2025-08-29 | 25.49x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
