Biogen Inc. (BIIB) EV/EBITDA Ratio: 11.73x
Is Biogen Inc.’s EV/EBITDA ratio high or low?
Biogen Inc.'s EV/EBITDA ratio of 11.73x is in line with its 5-year average of 12.23x, around the middle of its 5-year range (6.50x–21.68x).
The EV/EBITDA ratio for Biogen Inc. (BIIB) is 11.73x as of Tuesday, June 9, 2026. It is above its 12-month average by 37.30% (8.54x).
BIIB EV/EBITDA Ratio Chart
BIIB Average EV/EBITDA Ratio Chart
BIIB Current vs Average EV/EBITDA Ratio Chart
BIIB EV/EBITDA Ratio Metrics
EV/EBITDA RATIO
11.73x
EV/EBITDA RATIO AVG TTM
8.54x
EV/EBITDA RATIO AVG 3Y
11.17x
EV/EBITDA RATIO AVG 5Y
12.23x
EV/EBITDA RATIO AVG 10Y
10.70x
EV/EBITDA RATIO AVG 15Y
13.03x
EV/EBITDA RATIO AVG 20Y
13.01x
CURRENT VS TTM AVG
+37.30%
CURRENT VS 3Y AVG
+5.03%
CURRENT VS 5Y AVG
-4.06%
CURRENT VS 10Y AVG
+9.65%
CURRENT VS 15Y AVG
-9.95%
CURRENT VS 20Y AVG
-9.83%
BIIB Competitors' EV/EBITDA Ratio
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Biogen Inc. (BIIB) | — | 11.73x | 8.54x | 11.17x | 12.23x |
| DexCom, Inc. (DXCM) | $30.17B | 24.02x | 28.16x | 43.57x | 70.10x |
| IQVIA Holdings Inc. (IQV) | $31.09B | 9.04x | 13.20x | 14.99x | 17.10x |
| Veeva Systems Inc. (VEEV) | $27.37B | 26.02x | 43.41x | 56.96x | 62.43x |
| Centene Corporation (CNC) | $32.69B | 7.60x | 4.69x | 6.10x | 9.03x |
| Zoetis Inc. (ZTS) | $34.46B | 10.40x | 15.71x | 20.70x | 23.78x |
| Waters Corporation (WAT) | $24.19B | 38.50x | 21.53x | 21.21x | 21.44x |
| Mettler-Toledo International Inc. (MTD) | $23.50B | 20.79x | 23.57x | 23.88x | 26.51x |
| BioNTech SE (BNTX) | $21.87B | 206.26x | 270.12x | 198.48x | 120.89x |
| Agilent Technologies, Inc. (A) | $38.26B | 21.51x | 21.11x | 21.69x | 23.12x |
EV/EBITDA vs. its own history
At 11.7, EV/EBITDA is in its normal range — richer than 49% of its 20-year range.
20-year low
6.0
median
11.8
20-year high
27.9
Understanding EV/EBITDA
Enterprise Value (EV) = Market Cap + Total Debt - Cash
EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization
EV/EBITDA is commonly used for comparing companies because:
- It accounts for debt levels (capital structure neutral)
- It removes effects of different depreciation policies
- It can be compared across countries with different tax rates
- It can remain available when net income is negative, if EBITDA is positive
Biogen Inc. EV/EBITDA Ratio Formula & Definition
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
Biogen Inc. EV/EBITDA Ratio FAQ
- What is the EV/EBITDA ratio for Biogen Inc. (BIIB)?
- The EV/EBITDA ratio for BIIB stock is 11.73x.
- Is Biogen Inc.'s EV/EBITDA ratio high or low?
- Biogen Inc.'s EV/EBITDA ratio of 11.73x is in line with its 5-year average of 12.23x, around the middle of its 5-year range (6.50x–21.68x).
- What is the TTM average EV/EBITDA ratio for Biogen Inc. (BIIB)?
- The TTM average EV/EBITDA ratio for BIIB stock is 8.54x.
- What is the 3Y average EV/EBITDA ratio for Biogen Inc. (BIIB)?
- The 3Y average EV/EBITDA ratio for BIIB stock is 11.17x.
- What is the 5Y average EV/EBITDA ratio for Biogen Inc. (BIIB)?
- The 5Y average EV/EBITDA ratio for BIIB stock is 12.23x.
- What is the 10Y average EV/EBITDA ratio for Biogen Inc. (BIIB)?
- The 10Y average EV/EBITDA ratio for BIIB stock is 10.70x.
- What is the 15Y average EV/EBITDA ratio for Biogen Inc. (BIIB)?
- The 15Y average EV/EBITDA ratio for BIIB stock is 13.03x.
- What is the 20Y average EV/EBITDA ratio for Biogen Inc. (BIIB)?
- The 20Y average EV/EBITDA ratio for BIIB stock is 13.01x.
Biogen Inc. EV/EBITDA Ratio History
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-06-09 | 11.73x |
| 2026-06-08 | 11.39x |
| 2026-06-05 | 11.53x |
| 2026-06-04 | 11.59x |
| 2026-06-03 | 11.57x |
| 2026-06-02 | 11.19x |
| 2026-06-01 | 11.37x |
| 2026-05-29 | 11.57x |
| 2026-05-28 | 11.59x |
| 2026-05-27 | 11.62x |
| 2026-05-26 | 11.41x |
| 2026-05-22 | 11.45x |
| 2026-05-21 | 11.22x |
| 2026-05-20 | 11.13x |
| 2026-05-19 | 11.28x |
| 2026-05-18 | 11.35x |
| 2026-05-15 | 11.41x |
| 2026-05-14 | 11.32x |
| 2026-05-13 | 12.02x |
| 2026-05-12 | 11.75x |
| 2026-05-11 | 11.67x |
| 2026-05-08 | 11.43x |
| 2026-05-07 | 11.32x |
| 2026-05-06 | 11.29x |
| 2026-05-05 | 11.20x |
| 2026-05-04 | 11.10x |
| 2026-05-01 | 11.09x |
| 2026-04-30 | 11.21x |
| 2026-04-29 | 11.48x |
| 2026-04-28 | 9.95x |
| 2026-04-27 | 9.82x |
| 2026-04-24 | 9.99x |
| 2026-04-23 | 10.16x |
| 2026-04-22 | 10.26x |
| 2026-04-21 | 10.07x |
| 2026-04-20 | 9.95x |
| 2026-04-17 | 9.66x |
| 2026-04-16 | 9.60x |
| 2026-04-15 | 9.81x |
| 2026-04-14 | 9.74x |
| 2026-04-13 | 9.62x |
| 2026-04-10 | 9.45x |
| 2026-04-09 | 9.65x |
| 2026-04-08 | 9.78x |
| 2026-04-07 | 9.58x |
| 2026-04-06 | 9.42x |
| 2026-04-02 | 9.66x |
| 2026-04-01 | 9.97x |
| 2026-03-31 | 9.94x |
| 2026-03-30 | 10.15x |
| 2026-03-27 | 9.97x |
| 2026-03-26 | 10.31x |
| 2026-03-25 | 10.22x |
| 2026-03-24 | 9.97x |
| 2026-03-23 | 9.96x |
| 2026-03-20 | 9.86x |
| 2026-03-19 | 9.95x |
| 2026-03-18 | 9.90x |
| 2026-03-17 | 10.04x |
| 2026-03-16 | 9.94x |
| 2026-03-13 | 9.86x |
| 2026-03-12 | 10.02x |
| 2026-03-11 | 10.28x |
| 2026-03-10 | 10.18x |
| 2026-03-09 | 10.18x |
| 2026-03-06 | 10.02x |
| 2026-03-05 | 10.17x |
| 2026-03-04 | 10.26x |
| 2026-03-03 | 9.98x |
| 2026-03-02 | 10.17x |
| 2026-02-27 | 10.35x |
| 2026-02-26 | 10.17x |
| 2026-02-25 | 10.29x |
| 2026-02-24 | 10.50x |
| 2026-02-23 | 10.56x |
| 2026-02-20 | 10.36x |
| 2026-02-19 | 10.36x |
| 2026-02-18 | 10.46x |
| 2026-02-17 | 10.53x |
| 2026-02-13 | 10.57x |
| 2026-02-12 | 10.52x |
| 2026-02-11 | 10.32x |
| 2026-02-10 | 10.21x |
| 2026-02-09 | 10.44x |
| 2026-02-06 | 10.79x |
| 2026-02-05 | 8.59x |
| 2026-02-04 | 8.59x |
| 2026-02-03 | 8.22x |
| 2026-02-02 | 8.32x |
| 2026-01-30 | 8.36x |
| 2026-01-29 | 8.20x |
| 2026-01-28 | 8.14x |
| 2026-01-27 | 8.11x |
| 2026-01-26 | 8.07x |
| 2026-01-23 | 8.01x |
| 2026-01-22 | 8.10x |
| 2026-01-21 | 8.05x |
| 2026-01-20 | 7.74x |
| 2026-01-16 | 7.70x |
| 2026-01-15 | 7.88x |
| 2026-01-14 | 7.91x |
| 2026-01-13 | 8.29x |
| 2026-01-12 | 8.60x |
| 2026-01-09 | 8.68x |
| 2026-01-08 | 8.61x |
| 2026-01-07 | 8.65x |
| 2026-01-06 | 8.47x |
| 2026-01-05 | 8.13x |
| 2026-01-02 | 8.27x |
| 2025-12-31 | 8.19x |
| 2025-12-30 | 8.21x |
| 2025-12-29 | 8.23x |
| 2025-12-26 | 8.24x |
| 2025-12-24 | 8.21x |
| 2025-12-23 | 8.14x |
| 2025-12-22 | 8.14x |
| 2025-12-19 | 8.14x |
| 2025-12-18 | 7.93x |
| 2025-12-17 | 8.03x |
| 2025-12-16 | 8.00x |
| 2025-12-15 | 8.18x |
| 2025-12-12 | 8.11x |
| 2025-12-11 | 8.04x |
| 2025-12-10 | 8.26x |
| 2025-12-09 | 8.18x |
| 2025-12-08 | 8.38x |
| 2025-12-05 | 8.41x |
| 2025-12-04 | 8.44x |
| 2025-12-03 | 8.39x |
| 2025-12-02 | 8.37x |
| 2025-12-01 | 8.27x |
| 2025-11-28 | 8.45x |
| 2025-11-26 | 8.44x |
| 2025-11-25 | 8.44x |
| 2025-11-24 | 8.23x |
| 2025-11-21 | 8.16x |
| 2025-11-20 | 7.86x |
| 2025-11-19 | 7.85x |
| 2025-11-18 | 7.89x |
| 2025-11-17 | 7.71x |
| 2025-11-14 | 7.84x |
| 2025-11-13 | 7.72x |
| 2025-11-12 | 7.58x |
| 2025-11-11 | 7.50x |
| 2025-11-10 | 7.36x |
| 2025-11-07 | 7.33x |
| 2025-11-06 | 7.38x |
| 2025-11-05 | 7.24x |
| 2025-11-04 | 7.07x |
| 2025-11-03 | 7.16x |
| 2025-10-31 | 7.28x |
| 2025-10-30 | 7.08x |
| 2025-10-29 | 7.51x |
| 2025-10-28 | 7.57x |
| 2025-10-27 | 7.63x |
| 2025-10-24 | 7.60x |
| 2025-10-23 | 7.61x |
| 2025-10-22 | 7.51x |
| 2025-10-21 | 7.44x |
| 2025-10-20 | 7.46x |
| 2025-10-17 | 7.31x |
| 2025-10-16 | 7.27x |
| 2025-10-15 | 7.33x |
| 2025-10-14 | 7.40x |
| 2025-10-13 | 7.38x |
| 2025-10-10 | 7.46x |
| 2025-10-09 | 7.59x |
| 2025-10-08 | 7.65x |
| 2025-10-07 | 7.70x |
| 2025-10-06 | 7.78x |
| 2025-10-03 | 8.03x |
| 2025-10-02 | 7.83x |
| 2025-10-01 | 7.79x |
| 2025-09-30 | 7.18x |
| 2025-09-29 | 7.11x |
| 2025-09-26 | 7.06x |
| 2025-09-25 | 6.99x |
| 2025-09-24 | 7.08x |
| 2025-09-23 | 7.15x |
| 2025-09-22 | 7.20x |
| 2025-09-19 | 7.28x |
| 2025-09-18 | 7.34x |
| 2025-09-17 | 7.39x |
| 2025-09-16 | 7.33x |
| 2025-09-15 | 7.32x |
| 2025-09-12 | 7.39x |
| 2025-09-11 | 7.56x |
| 2025-09-10 | 7.29x |
| 2025-09-09 | 7.33x |
| 2025-09-08 | 7.23x |
| 2025-09-05 | 7.20x |
| 2025-09-04 | 7.17x |
| 2025-09-03 | 7.25x |
| 2025-09-02 | 7.16x |
| 2025-08-29 | 6.84x |
| 2025-08-28 | 6.86x |
| 2025-08-27 | 7.02x |
| 2025-08-26 | 7.03x |
| 2025-08-25 | 7.02x |
| 2025-08-22 | 7.15x |
| 2025-08-21 | 7.14x |
| 2025-08-20 | 7.13x |
| 2025-08-19 | 7.13x |
| 2025-08-18 | 7.00x |
| 2025-08-15 | 7.12x |
| 2025-08-14 | 6.96x |
| 2025-08-13 | 6.97x |
| 2025-08-12 | 6.70x |
| 2025-08-11 | 6.66x |
| 2025-08-08 | 6.77x |
| 2025-08-07 | 6.65x |
| 2025-08-06 | 6.72x |
| 2025-08-05 | 6.87x |
| 2025-08-04 | 6.84x |
| 2025-08-01 | 6.83x |
| 2025-07-31 | 6.66x |
| 2025-07-30 | 6.95x |
| 2025-07-29 | 7.00x |
| 2025-07-28 | 7.06x |
| 2025-07-25 | 7.16x |
| 2025-07-24 | 7.21x |
| 2025-07-23 | 7.14x |
| 2025-07-22 | 7.00x |
| 2025-07-21 | 6.77x |
| 2025-07-18 | 6.87x |
| 2025-07-17 | 7.04x |
| 2025-07-16 | 7.03x |
| 2025-07-15 | 6.98x |
| 2025-07-14 | 7.24x |
| 2025-07-11 | 7.29x |
| 2025-07-10 | 7.34x |
| 2025-07-09 | 7.23x |
| 2025-07-08 | 7.30x |
| 2025-07-07 | 7.10x |
| 2025-07-03 | 7.23x |
| 2025-07-02 | 7.24x |
| 2025-07-01 | 7.10x |
| 2025-06-30 | 6.90x |
| 2025-06-27 | 6.92x |
| 2025-06-26 | 6.96x |
| 2025-06-25 | 6.98x |
| 2025-06-24 | 6.93x |
| 2025-06-23 | 6.86x |
| 2025-06-20 | 6.96x |
| 2025-06-18 | 6.94x |
| 2025-06-17 | 6.94x |
| 2025-06-16 | 7.14x |
| 2025-06-13 | 7.13x |
| 2025-06-12 | 7.20x |
| 2025-06-11 | 7.23x |
| 2025-06-10 | 7.34x |
| 2025-06-09 | 7.28x |
| 2025-06-06 | 7.24x |
| 2025-06-05 | 7.11x |
| 2025-06-04 | 7.18x |
| 2025-06-03 | 7.18x |
| 2025-06-02 | 7.15x |
| 2025-05-30 | 7.09x |
| 2025-05-29 | 7.22x |
| 2025-05-28 | 6.99x |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.
Related Metrics
About Biogen Inc.
Biogen Inc. is a leading biotechnology firm dedicated to the discovery, development, production, and distribution of treatments for complex neurological and neurodegenerative conditions. Its established portfolio includes a range of medications addressing multiple sclerosis (MS), such as TECFIDERA, VUMERITY, AVONEX, PLEGRIDY, TYSABRI, and FAMPYRA. For spinal muscular atrophy (SMA), Biogen provides SPINRAZA, while FUMADERM is available for the treatment of plaque psoriasis. Among its other key offerings is ADUHELM, specifically developed for Alzheimer's disease. The company also markets a selection of biosimilar drugs, including BENEPALI (an etanercept biosimilar akin to ENBREL), IMRALDI (an adalimumab biosimilar comparable to HUMIRA), and FLIXABI (an infliximab biosimilar referencing REMICADE). Further extending its therapeutic reach, Biogen supplies RITUXAN, prescribed for conditions like non-Hodgkin's lymphoma, chronic lymphocytic leukemia (CLL), rheumatoid arthritis, certain types of ANCA-associated vasculitis, and pemphigus vulgaris. RITUXAN HYCELA targets non-Hodgkin's lymphoma and CLL, and GAZYVA is utilized for CLL and follicular lymphoma. OCREVUS addresses both relapsing and primary progressive forms of MS, complementing the company's broader efforts in anti-CD20 therapies. The company maintains a robust research and development pipeline, featuring numerous investigational therapies. These candidates are designed to tackle a wide spectrum of conditions, including multiple sclerosis and neuroimmunological disorders (e.g., BIIB135, BIIB061, BIIB091, BIIB107), Alzheimer's disease and other forms of dementia (e.g., Aducanumab, Lecanemab, BIIB076, BIIB080), neuromuscular disorders (e.g., BIIB067, BIIB078, BIIB105, BIIB100, BIIB110), Parkinson's disease and related movement disorders (e.g., BIIB124, BIIB094, BIIB118, BIIB101, BIIB122), neuropsychiatric conditions (e.g., BIIB125, BIIB104), immunology-related illnesses (e.g., Dapirolizumab pegol, BIIB059), acute neurological events (e.g., BIIB093, BIIB131), and neuropathic pain (e.g., BIIB074). Additionally, several biosimilar candidates, such as BYOOVIZ, BIIB800, and SB15, are progressing through various developmental stages. Biogen actively engages in strategic collaborations and licensing arrangements with various partners, including Acorda Therapeutics, Inc., Alkermes Pharma Ireland Limited, Denali Therapeutics Inc., Eisai Co., Ltd., Genentech, Inc., Neurimmune SubOne AG, Ionis Pharmaceuticals, Inc., Samsung Bioepis Co., Ltd., Sangamo Therapeutics, Inc., and Sage Therapeutics, Inc. Established in 1978, Biogen Inc. maintains its corporate headquarters in Cambridge, Massachusetts.
- Sector
- Healthcare
- Industry
- Drug Manufacturers - General
- CEO
- Christopher A. Viehbacher