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 57% below its estimated 5-year average of 22.33x, near the low end of its estimated 5-year range (9.27x–38.33x).
As of 2026-09-16T13:56:52.731Z. 28.76% below its estimated 12-month average of 13.52x.
Calculation as of: 2026-09-16T13:56:52.731Z.
Quote observation: 2026-09-16T13:55:06.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 8df4a391f7584645d3652e12163d9787f9c9569adfa147d912b4947b0ca9b70d
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/EBITDA RATIO
9.63x
EV/EBITDA RATIO AVG TTM
13.52x
EV/EBITDA RATIO AVG 3Y
19.53x
EV/EBITDA RATIO AVG 5Y
22.33x
EV/EBITDA RATIO AVG 10Y
24.56x
EV/EBITDA RATIO AVG 15Y
23.72x
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-28.76%
CURRENT VS 3Y AVG
-50.69%
CURRENT VS 5Y AVG
-56.86%
CURRENT VS 10Y AVG
-60.78%
CURRENT VS 15Y AVG
-59.40%
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
16.54x
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
-41.76%
vs the sector median at left
Market Cap
$31.34B
EV/EBITDA Ratio
38.86x
TTM Avg
27.04x
3Y Avg
23.39x
5Y Avg
22.47x
Market Cap
$31.94B
EV/EBITDA Ratio
29.88x
TTM Avg
93.69x
3Y Avg
122.93x
5Y Avg
122.93x
Market Cap
$28.82B
EV/EBITDA Ratio
10.28x
TTM Avg
11.75x
3Y Avg
13.20x
5Y Avg
13.25x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Zoetis Inc. (ZTS) | $30.79B | 9.63x | 13.52x | 19.53x | 22.33x |
| Waters Corporation (WAT)vs › | $31.34B | 38.86x | 27.04x | 23.39x | 22.47x |
| Biogen Inc. (BIIB)vs › | $31.98B | N/A | 10.18x | 11.50x | 12.56x |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $31.94B | 29.88x | 93.69x | 122.93x | 122.93x |
| GE HealthCare Technologies Inc. (GEHC)vs › | $28.82B | 10.28x | 11.75x | 13.20x | 13.25x |
| Alcon Inc. (ALC)vs › | $32.88B | 16.77x | 15.64x | 18.30x | 19.51x |
| ResMed Inc. (RMD)vs › | $33.20B | 15.57x | 16.69x | 19.44x | 23.13x |
| Centene Corp. (CNC)vs › | $33.37B | N/A | 7.10x | 10.28x | 12.08x |
| DexCom, Inc. (DXCM)vs › | $33.18B | 23.86x | 25.36x | 43.29x | 69.33x |
| Quest Diagnostics Incorporated (DGX)vs › | $27.41B | 16.61x | 13.74x | 13.17x | 11.50x |
At 9.6, EV/EBITDA is below its estimated 14-year median — higher than 1% of readings in its estimated 14-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 14-year low
9.3
median
23.1
estimated 14-year high
38.3
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 |
|---|---|
| 2026-09-09 | 9.59x |
| 2026-09-08 | 9.61x |
| 2026-09-04 | 9.85x |
| 2026-09-03 | 9.90x |
| 2026-09-02 | 9.88x |
| 2026-09-01 | 10.00x |
| 2026-08-31 | 9.98x |
| 2026-08-28 | 10.01x |
| 2026-08-27 | 9.76x |
| 2026-08-26 | 10.03x |
| 2026-08-25 | 10.00x |
| 2026-08-24 | 9.99x |
| 2026-08-21 | 10.05x |
| 2026-08-20 | 9.76x |
| 2026-08-19 | 9.94x |
| 2026-08-18 | 9.65x |
| 2026-08-17 | 9.55x |
| 2026-08-14 | 9.64x |
| 2026-08-13 | 9.85x |
| 2026-08-12 | 9.61x |
| 2026-08-11 | 9.80x |
| 2026-08-10 | 9.74x |
| 2026-08-07 | 9.52x |
| 2026-08-06 | 9.84x |
| 2026-08-05 | 9.54x |
| 2026-08-04 | 9.71x |
| 2026-08-03 | 9.82x |
| 2026-07-31 | 9.84x |
| 2026-07-30 | 9.71x |
| 2026-07-29 | 9.91x |
| 2026-07-28 | 9.86x |
| 2026-07-27 | 9.80x |
| 2026-07-24 | 9.64x |
| 2026-07-23 | 9.56x |
| 2026-07-22 | 9.52x |
| 2026-07-21 | 9.64x |
| 2026-07-20 | 9.73x |
| 2026-07-17 | 9.76x |
| 2026-07-16 | 9.80x |
| 2026-07-15 | 9.55x |
| 2026-07-14 | 9.50x |
| 2026-07-13 | 9.64x |
| 2026-07-10 | 9.66x |
| 2026-07-09 | 9.61x |
| 2026-07-08 | 9.61x |
| 2026-07-07 | 9.73x |
| 2026-07-06 | 9.64x |
| 2026-07-02 | 9.58x |
| 2026-07-01 | 9.34x |
| 2026-06-30 | 9.27x |
| 2026-06-29 | 9.42x |
| 2026-06-26 | 9.71x |
| 2026-06-25 | 9.89x |
| 2026-06-24 | 9.93x |
| 2026-06-23 | 9.79x |
| 2026-06-22 | 9.69x |
| 2026-06-18 | 9.99x |
| 2026-06-17 | 9.84x |
| 2026-06-16 | 10.05x |
| 2026-06-15 | 10.12x |
| 2026-06-12 | 10.08x |
| 2026-06-11 | 10.27x |
| 2026-06-10 | 10.25x |
| 2026-06-09 | 10.35x |
| 2026-06-08 | 10.00x |
| 2026-06-05 | 10.06x |
| 2026-06-04 | 10.07x |
| 2026-06-03 | 9.87x |
| 2026-06-02 | 9.75x |
| 2026-06-01 | 9.87x |
| 2026-05-29 | 9.88x |
| 2026-05-28 | 9.94x |
| 2026-05-27 | 10.07x |
| 2026-05-26 | 10.14x |
| 2026-05-22 | 10.26x |
| 2026-05-21 | 10.13x |
| 2026-05-20 | 10.09x |
| 2026-05-19 | 10.01x |
| 2026-05-18 | 9.88x |
| 2026-05-15 | 9.52x |
| 2026-05-14 | 9.65x |
| 2026-05-13 | 9.53x |
| 2026-05-12 | 9.80x |
| 2026-05-11 | 9.77x |
| 2026-05-08 | 10.42x |
| 2026-05-07 | 11.14x |
| 2026-05-06 | 13.70x |
| 2026-05-05 | 13.85x |
| 2026-05-04 | 13.86x |
| 2026-05-01 | 14.02x |
| 2026-04-30 | 14.11x |
| 2026-04-29 | 13.98x |
| 2026-04-28 | 14.29x |
| 2026-04-27 | 14.42x |
| 2026-04-24 | 14.31x |
| 2026-04-23 | 14.22x |
| 2026-04-22 | 14.38x |
| 2026-04-21 | 14.45x |
| 2026-04-20 | 14.94x |
| 2026-04-17 | 14.90x |
| 2026-04-16 | 14.54x |
| 2026-04-15 | 14.73x |
| 2026-04-14 | 14.77x |
| 2026-04-13 | 14.65x |
| 2026-04-10 | 14.42x |
| 2026-04-09 | 14.65x |
| 2026-04-08 | 14.62x |
| 2026-04-07 | 14.30x |
| 2026-04-06 | 14.46x |
| 2026-04-02 | 14.42x |
| 2026-04-01 | 14.36x |
| 2026-03-31 | 14.45x |
| 2026-03-30 | 14.25x |
| 2026-03-27 | 13.93x |
| 2026-03-26 | 14.28x |
| 2026-03-25 | 14.29x |
| 2026-03-24 | 14.21x |
| 2026-03-23 | 14.13x |
| 2026-03-20 | 14.18x |
| 2026-03-19 | 14.22x |
| 2026-03-18 | 14.36x |
| 2026-03-17 | 14.83x |
| 2026-03-16 | 14.45x |
| 2026-03-13 | 14.18x |
| 2026-03-12 | 14.16x |
| 2026-03-11 | 14.62x |
| 2026-03-10 | 14.70x |
| 2026-03-09 | 14.90x |
| 2026-03-06 | 14.80x |
| 2026-03-05 | 14.89x |
| 2026-03-04 | 15.29x |
| 2026-03-03 | 15.28x |
| 2026-03-02 | 15.61x |
| 2026-02-27 | 15.84x |
| 2026-02-26 | 15.69x |
| 2026-02-25 | 15.61x |
| 2026-02-24 | 15.58x |
| 2026-02-23 | 15.27x |
| 2026-02-20 | 15.59x |
| 2026-02-19 | 15.43x |
| 2026-02-18 | 15.63x |
| 2026-02-17 | 15.24x |
| 2026-02-13 | 15.36x |
| 2026-02-12 | 15.12x |
| 2026-02-11 | 15.46x |
| 2026-02-10 | 15.40x |
| 2026-02-09 | 15.31x |
| 2026-02-06 | 15.32x |
| 2026-02-05 | 15.24x |
| 2026-02-04 | 15.24x |
| 2026-02-03 | 14.77x |
| 2026-02-02 | 15.05x |
| 2026-01-30 | 15.03x |
| 2026-01-29 | 14.69x |
| 2026-01-28 | 14.72x |
| 2026-01-27 | 15.05x |
| 2026-01-26 | 14.93x |
| 2026-01-23 | 14.95x |
| 2026-01-22 | 14.99x |
| 2026-01-21 | 15.06x |
| 2026-01-20 | 14.86x |
| 2026-01-16 | 15.01x |
| 2026-01-15 | 15.08x |
| 2026-01-14 | 15.15x |
| 2026-01-13 | 15.01x |
| 2026-01-12 | 15.09x |
| 2026-01-09 | 15.29x |
| 2026-01-08 | 15.26x |
| 2026-01-07 | 15.13x |
| 2026-01-06 | 15.53x |
| 2026-01-05 | 15.53x |
| 2026-01-02 | 15.15x |
| 2025-12-31 | 15.14x |
| 2025-12-30 | 15.21x |
| 2025-12-29 | 15.16x |
| 2025-12-26 | 15.19x |
| 2025-12-24 | 15.11x |
| 2025-12-23 | 14.89x |
| 2025-12-22 | 14.92x |
| 2025-12-19 | 14.75x |
| 2025-12-18 | 14.81x |
| 2025-12-17 | 14.75x |
| 2025-12-16 | 14.86x |
| 2025-12-15 | 14.61x |
| 2025-12-12 | 14.36x |
| 2025-12-11 | 14.24x |
| 2025-12-10 | 14.29x |
| 2025-12-09 | 14.03x |
| 2025-12-08 | 14.30x |
| 2025-12-05 | 14.35x |
| 2025-12-04 | 14.55x |
| 2025-12-03 | 14.79x |
| 2025-12-02 | 14.99x |
| 2025-12-01 | 15.30x |
| 2025-11-28 | 15.40x |
| 2025-11-26 | 15.35x |
| 2025-11-25 | 15.37x |
| 2025-11-24 | 14.82x |
| 2025-11-21 | 14.73x |
| 2025-11-20 | 14.05x |
| 2025-11-19 | 14.18x |
| 2025-11-18 | 14.30x |
| 2025-11-17 | 14.37x |
| 2025-11-14 | 14.59x |
| 2025-11-13 | 14.63x |
| 2025-11-12 | 14.64x |
| 2025-11-11 | 14.52x |
| 2025-11-10 | 14.48x |
| 2025-11-07 | 14.53x |
| 2025-11-06 | 14.45x |
| 2025-11-05 | 14.56x |
| 2025-11-04 | 15.18x |
| 2025-11-03 | 17.39x |
| 2025-10-31 | 17.36x |
| 2025-10-30 | 17.36x |
| 2025-10-29 | 17.34x |
| 2025-10-28 | 17.51x |
| 2025-10-27 | 17.74x |
| 2025-10-24 | 17.57x |
| 2025-10-23 | 17.62x |
| 2025-10-22 | 17.70x |
| 2025-10-21 | 17.58x |
| 2025-10-20 | 17.47x |
| 2025-10-17 | 17.36x |
| 2025-10-16 | 17.27x |
| 2025-10-15 | 17.14x |
| 2025-10-14 | 17.29x |
| 2025-10-13 | 17.16x |
| 2025-10-10 | 17.03x |
| 2025-10-09 | 17.28x |
| 2025-10-08 | 17.29x |
| 2025-10-07 | 17.21x |
| 2025-10-06 | 17.50x |
| 2025-10-03 | 17.62x |
| 2025-10-02 | 17.63x |
| 2025-10-01 | 17.68x |
| 2025-09-30 | 17.61x |
| 2025-09-29 | 17.25x |
| 2025-09-26 | 17.30x |
| 2025-09-25 | 17.03x |
| 2025-09-24 | 17.09x |
| 2025-09-23 | 17.20x |
| 2025-09-22 | 17.42x |
| 2025-09-19 | 17.56x |
| 2025-09-18 | 17.70x |
| 2025-09-17 | 17.68x |
| 2025-09-16 | 17.74x |
| 2025-09-15 | 17.60x |
| 2025-09-12 | 17.82x |
| 2025-09-11 | 18.09x |
| 2025-09-10 | 17.95x |
| 2025-09-09 | 17.99x |
| 2025-09-08 | 18.21x |
| 2025-09-05 | 18.39x |
| 2025-09-04 | 18.37x |
| 2025-09-03 | 18.29x |
| 2025-09-02 | 18.34x |
| 2025-08-29 | 18.73x |
| 2025-08-28 | 18.55x |
| 2025-08-27 | 18.62x |
Showing the most recent 260 of 3,421 data points. The chart above shows the full history.
