Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 7.48x is in line with its estimated 5-year average of 7.29x, around the middle of its estimated 5-year range (5.35x–10.40x).
As of 2026-09-11T02:46:49.894Z. 3.60% below its estimated 12-month average of 7.76x.
Calculation as of: 2026-09-11T02:46:49.894Z.
Quote observation: 2026-09-10T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 4b35bc5e872edbec126530a69cacdc9da562455b2ea5a40d374d90a2ce21e7d1
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 2026-09-09.
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/SALES RATIO
7.48x
EV/SALES RATIO AVG TTM
7.76x
EV/SALES RATIO AVG 3Y
7.40x
EV/SALES RATIO AVG 5Y
7.29x
EV/SALES RATIO AVG 10Y
7.06x
EV/SALES RATIO AVG 15Y
6.49x
EV/SALES RATIO AVG 20Y
5.97x
CURRENT VS TTM AVG
-3.60%
CURRENT VS 3Y AVG
+1.08%
CURRENT VS 5Y AVG
+2.57%
CURRENT VS 10Y AVG
+6.01%
CURRENT VS 15Y AVG
+15.23%
CURRENT VS 20Y AVG
+25.40%
SECTOR MEDIAN · HEALTHCARE
3.63x
median of 87 covered companies
CURRENT VS SECTOR MEDIAN
+106.06%
vs the sector median at left
Market Cap
$29.02B
EV/Sales Ratio
1.83x
TTM Avg
2.02x
3Y Avg
2.16x
5Y Avg
2.18x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Waters Corporation (WAT) | $30.04B | 7.48x | 7.76x | 7.40x | 7.29x |
| Zoetis Inc. (ZTS)vs › | $30.56B | 4.03x | 5.79x | 8.23x | 9.43x |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.02B | 1.83x | 2.02x | 2.16x | 2.18x |
| Biogen Inc. (BIIB)vs › | $31.83B | 3.91x | 3.11x | 3.24x | 3.52x |
| ResMed Inc. (RMD)vs › | $31.85B | 5.52x | 6.35x | 6.69x | 7.85x |
| DexCom, Inc. (DXCM)vs › | $31.89B | 6.48x | 6.19x | 9.36x | 12.99x |
| Centene Corp. (CNC)vs › | $32.31B | 0.13x | 0.12x | 0.19x | 0.27x |
| Alcon Inc. (ALC)vs › | $32.46B | 3.37x | 3.93x | 4.52x | 4.60x |
| Medline Inc. (MDLN)vs › | $27.39B | 1.26x | 1.52x | 1.52x | 1.52x |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $33.12B | 6.80x | 13.91x | 14.64x | 18.79x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/SALES RATIO |
|---|---|
| 2026-09-09 | 9.58x |
| 2026-09-08 | 9.53x |
| 2026-09-04 | 9.67x |
| 2026-09-03 | 9.76x |
| 2026-09-02 | 9.73x |
| 2026-09-01 | 9.60x |
| 2026-08-31 | 9.78x |
| 2026-08-28 | 9.78x |
| 2026-08-27 | 9.92x |
| 2026-08-26 | 9.77x |
| 2026-08-25 | 9.78x |
| 2026-08-24 | 9.70x |
| 2026-08-21 | 9.70x |
| 2026-08-20 | 9.57x |
| 2026-08-19 | 9.81x |
| 2026-08-18 | 9.50x |
| 2026-08-17 | 9.64x |
| 2026-08-14 | 9.73x |
| 2026-08-13 | 9.76x |
| 2026-08-12 | 9.81x |
| 2026-08-11 | 10.40x |
| 2026-08-10 | 10.32x |
| 2026-08-07 | 10.22x |
| 2026-08-06 | 10.06x |
| 2026-08-05 | 10.07x |
| 2026-08-04 | 9.98x |
| 2026-08-03 | 9.52x |
| 2026-07-31 | 9.57x |
| 2026-07-30 | 9.64x |
| 2026-07-29 | 9.62x |
| 2026-07-28 | 9.72x |
| 2026-07-27 | 9.44x |
| 2026-07-24 | 9.52x |
| 2026-07-23 | 9.69x |
| 2026-07-22 | 9.43x |
| 2026-07-21 | 9.36x |
| 2026-07-20 | 9.14x |
| 2026-07-17 | 9.39x |
| 2026-07-16 | 9.59x |
| 2026-07-15 | 9.52x |
| 2026-07-14 | 9.55x |
| 2026-07-13 | 9.48x |
| 2026-07-10 | 9.55x |
| 2026-07-09 | 9.57x |
| 2026-07-08 | 9.37x |
| 2026-07-07 | 9.52x |
| 2026-07-06 | 9.61x |
| 2026-07-02 | 9.62x |
| 2026-07-01 | 9.59x |
| 2026-06-30 | 9.52x |
| 2026-06-29 | 9.39x |
| 2026-06-26 | 9.51x |
| 2026-06-25 | 9.56x |
| 2026-06-24 | 9.40x |
| 2026-06-23 | 9.14x |
| 2026-06-22 | 9.16x |
| 2026-06-18 | 9.10x |
| 2026-06-17 | 9.13x |
| 2026-06-16 | 9.21x |
| 2026-06-15 | 9.15x |
| 2026-06-12 | 9.10x |
| 2026-06-11 | 9.19x |
| 2026-06-10 | 9.27x |
| 2026-06-09 | 9.44x |
| 2026-06-08 | 9.27x |
| 2026-06-05 | 9.31x |
| 2026-06-04 | 9.56x |
| 2026-06-03 | 9.63x |
| 2026-06-02 | 9.46x |
| 2026-06-01 | 9.59x |
| 2026-05-29 | 9.71x |
| 2026-05-28 | 9.34x |
| 2026-05-27 | 8.81x |
| 2026-05-26 | 8.73x |
| 2026-05-22 | 8.81x |
| 2026-05-21 | 8.78x |
| 2026-05-20 | 8.79x |
| 2026-05-19 | 8.61x |
| 2026-05-18 | 8.59x |
| 2026-05-15 | 8.53x |
| 2026-05-14 | 8.61x |
| 2026-05-13 | 8.65x |
| 2026-05-12 | 6.94x |
| 2026-05-11 | 6.86x |
| 2026-05-08 | 6.99x |
| 2026-05-07 | 6.90x |
| 2026-05-06 | 6.88x |
| 2026-05-05 | 6.75x |
| 2026-05-04 | 5.99x |
| 2026-05-01 | 6.08x |
| 2026-04-30 | 6.12x |
| 2026-04-29 | 5.80x |
| 2026-04-28 | 5.96x |
| 2026-04-27 | 5.95x |
| 2026-04-24 | 6.14x |
| 2026-04-23 | 6.16x |
| 2026-04-22 | 6.60x |
| 2026-04-21 | 6.61x |
| 2026-04-20 | 6.62x |
| 2026-04-17 | 6.47x |
| 2026-04-16 | 6.31x |
| 2026-04-15 | 6.44x |
| 2026-04-14 | 6.53x |
| 2026-04-13 | 6.42x |
| 2026-04-10 | 6.33x |
| 2026-04-09 | 6.28x |
| 2026-04-08 | 6.30x |
| 2026-04-07 | 6.09x |
| 2026-04-06 | 6.03x |
| 2026-04-02 | 6.03x |
| 2026-04-01 | 5.95x |
| 2026-03-31 | 5.91x |
| 2026-03-30 | 5.82x |
| 2026-03-27 | 5.74x |
| 2026-03-26 | 5.96x |
| 2026-03-25 | 5.99x |
| 2026-03-24 | 5.99x |
| 2026-03-23 | 5.98x |
| 2026-03-20 | 5.93x |
| 2026-03-19 | 5.94x |
| 2026-03-18 | 5.86x |
| 2026-03-17 | 5.89x |
| 2026-03-16 | 5.76x |
| 2026-03-13 | 5.70x |
| 2026-03-12 | 5.63x |
| 2026-03-11 | 5.90x |
| 2026-03-10 | 5.94x |
| 2026-03-09 | 6.06x |
| 2026-03-06 | 6.00x |
| 2026-03-05 | 6.24x |
| 2026-03-04 | 6.31x |
| 2026-03-03 | 6.18x |
| 2026-03-02 | 6.09x |
| 2026-02-27 | 6.32x |
| 2026-02-26 | 6.38x |
| 2026-02-25 | 6.32x |
| 2026-02-24 | 6.45x |
| 2026-02-23 | 6.62x |
| 2026-02-20 | 6.73x |
| 2026-02-19 | 6.64x |
| 2026-02-18 | 6.62x |
| 2026-02-17 | 6.50x |
| 2026-02-13 | 6.54x |
| 2026-02-12 | 6.47x |
| 2026-02-11 | 6.65x |
| 2026-02-10 | 6.61x |
| 2026-02-09 | 6.63x |
| 2026-02-06 | 7.65x |
| 2026-02-05 | 7.57x |
| 2026-02-04 | 7.71x |
| 2026-02-03 | 7.61x |
| 2026-02-02 | 7.61x |
| 2026-01-30 | 7.45x |
| 2026-01-29 | 7.53x |
| 2026-01-28 | 7.72x |
| 2026-01-27 | 7.82x |
| 2026-01-26 | 7.84x |
| 2026-01-23 | 7.86x |
| 2026-01-22 | 8.02x |
| 2026-01-21 | 7.95x |
| 2026-01-20 | 7.70x |
| 2026-01-16 | 7.77x |
| 2026-01-15 | 7.91x |
| 2026-01-14 | 7.88x |
| 2026-01-13 | 7.90x |
| 2026-01-12 | 7.89x |
| 2026-01-09 | 7.95x |
| 2026-01-08 | 7.95x |
| 2026-01-07 | 8.00x |
| 2026-01-06 | 8.02x |
| 2026-01-05 | 7.91x |
| 2026-01-02 | 7.66x |
| 2025-12-31 | 7.62x |
| 2025-12-30 | 7.70x |
| 2025-12-29 | 7.72x |
| 2025-12-26 | 7.74x |
| 2025-12-24 | 7.72x |
| 2025-12-23 | 7.69x |
| 2025-12-22 | 7.71x |
| 2025-12-19 | 7.59x |
| 2025-12-18 | 7.56x |
| 2025-12-17 | 7.57x |
| 2025-12-16 | 7.60x |
| 2025-12-15 | 7.73x |
| 2025-12-12 | 7.73x |
| 2025-12-11 | 7.86x |
| 2025-12-10 | 7.93x |
| 2025-12-09 | 7.74x |
| 2025-12-08 | 7.87x |
| 2025-12-05 | 7.91x |
| 2025-12-04 | 7.94x |
| 2025-12-03 | 7.96x |
| 2025-12-02 | 7.98x |
| 2025-12-01 | 7.97x |
| 2025-11-28 | 8.08x |
| 2025-11-26 | 8.15x |
| 2025-11-25 | 8.25x |
| 2025-11-24 | 8.00x |
| 2025-11-21 | 7.89x |
| 2025-11-20 | 7.60x |
| 2025-11-19 | 7.55x |
| 2025-11-18 | 7.56x |
| 2025-11-17 | 7.59x |
| 2025-11-14 | 7.61x |
| 2025-11-13 | 7.61x |
| 2025-11-12 | 7.77x |
| 2025-11-11 | 7.74x |
| 2025-11-10 | 7.56x |
| 2025-11-07 | 7.47x |
| 2025-11-06 | 7.46x |
| 2025-11-05 | 7.47x |
| 2025-11-04 | 7.58x |
| 2025-11-03 | 7.15x |
| 2025-10-31 | 7.23x |
| 2025-10-30 | 7.10x |
| 2025-10-29 | 7.11x |
| 2025-10-28 | 7.16x |
| 2025-10-27 | 7.27x |
| 2025-10-24 | 7.43x |
| 2025-10-23 | 7.35x |
| 2025-10-22 | 7.21x |
| 2025-10-21 | 7.22x |
| 2025-10-20 | 7.11x |
| 2025-10-17 | 6.94x |
| 2025-10-16 | 6.94x |
| 2025-10-15 | 6.89x |
| 2025-10-14 | 6.91x |
| 2025-10-13 | 6.97x |
| 2025-10-10 | 6.87x |
| 2025-10-09 | 6.86x |
| 2025-10-08 | 6.80x |
| 2025-10-07 | 6.62x |
| 2025-10-06 | 6.80x |
| 2025-10-03 | 6.82x |
| 2025-10-02 | 6.69x |
| 2025-10-01 | 6.65x |
| 2025-09-30 | 6.26x |
| 2025-09-29 | 6.05x |
| 2025-09-26 | 6.10x |
| 2025-09-25 | 6.02x |
| 2025-09-24 | 6.12x |
| 2025-09-23 | 6.24x |
| 2025-09-22 | 6.31x |
| 2025-09-19 | 6.28x |
| 2025-09-18 | 6.38x |
| 2025-09-17 | 6.33x |
| 2025-09-16 | 6.32x |
| 2025-09-15 | 6.24x |
| 2025-09-12 | 6.17x |
| 2025-09-11 | 6.31x |
| 2025-09-10 | 6.12x |
| 2025-09-09 | 6.27x |
| 2025-09-08 | 6.44x |
| 2025-09-05 | 6.38x |
| 2025-09-04 | 6.25x |
| 2025-09-03 | 6.07x |
| 2025-09-02 | 6.19x |
| 2025-08-29 | 6.30x |
| 2025-08-28 | 6.21x |
| 2025-08-27 | 6.15x |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
