Biogen Inc. logo
Biogen Inc. (BIIB)
Compare

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 EV/EBITDA Ratio
11.73x+61.13% 1Y
Zoom

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

NAMEMARKET CAPEV/EBITDA RATIOTTM3Y5Y
Biogen Inc. (BIIB)11.73x8.54x11.17x12.23x
DexCom, Inc. (DXCM)$30.17B24.02x28.16x43.57x70.10x
IQVIA Holdings Inc. (IQV)$31.09B9.04x13.20x14.99x17.10x
Veeva Systems Inc. (VEEV)$27.37B26.02x43.41x56.96x62.43x
Centene Corporation (CNC)$32.69B7.60x4.69x6.10x9.03x
Zoetis Inc. (ZTS)$34.46B10.40x15.71x20.70x23.78x
Waters Corporation (WAT)$24.19B38.50x21.53x21.21x21.44x
Mettler-Toledo International Inc. (MTD)$23.50B20.79x23.57x23.88x26.51x
BioNTech SE (BNTX)$21.87B206.26x270.12x198.48x120.89x
Agilent Technologies, Inc. (A)$38.26B21.51x21.11x21.69x23.12x

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

cheaperricher

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

DATEEV/EBITDA RATIO
2026-06-0911.73x
2026-06-0811.39x
2026-06-0511.53x
2026-06-0411.59x
2026-06-0311.57x
2026-06-0211.19x
2026-06-0111.37x
2026-05-2911.57x
2026-05-2811.59x
2026-05-2711.62x
2026-05-2611.41x
2026-05-2211.45x
2026-05-2111.22x
2026-05-2011.13x
2026-05-1911.28x
2026-05-1811.35x
2026-05-1511.41x
2026-05-1411.32x
2026-05-1312.02x
2026-05-1211.75x
2026-05-1111.67x
2026-05-0811.43x
2026-05-0711.32x
2026-05-0611.29x
2026-05-0511.20x
2026-05-0411.10x
2026-05-0111.09x
2026-04-3011.21x
2026-04-2911.48x
2026-04-289.95x
2026-04-279.82x
2026-04-249.99x
2026-04-2310.16x
2026-04-2210.26x
2026-04-2110.07x
2026-04-209.95x
2026-04-179.66x
2026-04-169.60x
2026-04-159.81x
2026-04-149.74x
2026-04-139.62x
2026-04-109.45x
2026-04-099.65x
2026-04-089.78x
2026-04-079.58x
2026-04-069.42x
2026-04-029.66x
2026-04-019.97x
2026-03-319.94x
2026-03-3010.15x
2026-03-279.97x
2026-03-2610.31x
2026-03-2510.22x
2026-03-249.97x
2026-03-239.96x
2026-03-209.86x
2026-03-199.95x
2026-03-189.90x
2026-03-1710.04x
2026-03-169.94x
2026-03-139.86x
2026-03-1210.02x
2026-03-1110.28x
2026-03-1010.18x
2026-03-0910.18x
2026-03-0610.02x
2026-03-0510.17x
2026-03-0410.26x
2026-03-039.98x
2026-03-0210.17x
2026-02-2710.35x
2026-02-2610.17x
2026-02-2510.29x
2026-02-2410.50x
2026-02-2310.56x
2026-02-2010.36x
2026-02-1910.36x
2026-02-1810.46x
2026-02-1710.53x
2026-02-1310.57x
2026-02-1210.52x
2026-02-1110.32x
2026-02-1010.21x
2026-02-0910.44x
2026-02-0610.79x
2026-02-058.59x
2026-02-048.59x
2026-02-038.22x
2026-02-028.32x
2026-01-308.36x
2026-01-298.20x
2026-01-288.14x
2026-01-278.11x
2026-01-268.07x
2026-01-238.01x
2026-01-228.10x
2026-01-218.05x
2026-01-207.74x
2026-01-167.70x
2026-01-157.88x
2026-01-147.91x
2026-01-138.29x
2026-01-128.60x
2026-01-098.68x
2026-01-088.61x
2026-01-078.65x
2026-01-068.47x
2026-01-058.13x
2026-01-028.27x
2025-12-318.19x
2025-12-308.21x
2025-12-298.23x
2025-12-268.24x
2025-12-248.21x
2025-12-238.14x
2025-12-228.14x
2025-12-198.14x
2025-12-187.93x
2025-12-178.03x
2025-12-168.00x
2025-12-158.18x
2025-12-128.11x
2025-12-118.04x
2025-12-108.26x
2025-12-098.18x
2025-12-088.38x
2025-12-058.41x
2025-12-048.44x
2025-12-038.39x
2025-12-028.37x
2025-12-018.27x
2025-11-288.45x
2025-11-268.44x
2025-11-258.44x
2025-11-248.23x
2025-11-218.16x
2025-11-207.86x
2025-11-197.85x
2025-11-187.89x
2025-11-177.71x
2025-11-147.84x
2025-11-137.72x
2025-11-127.58x
2025-11-117.50x
2025-11-107.36x
2025-11-077.33x
2025-11-067.38x
2025-11-057.24x
2025-11-047.07x
2025-11-037.16x
2025-10-317.28x
2025-10-307.08x
2025-10-297.51x
2025-10-287.57x
2025-10-277.63x
2025-10-247.60x
2025-10-237.61x
2025-10-227.51x
2025-10-217.44x
2025-10-207.46x
2025-10-177.31x
2025-10-167.27x
2025-10-157.33x
2025-10-147.40x
2025-10-137.38x
2025-10-107.46x
2025-10-097.59x
2025-10-087.65x
2025-10-077.70x
2025-10-067.78x
2025-10-038.03x
2025-10-027.83x
2025-10-017.79x
2025-09-307.18x
2025-09-297.11x
2025-09-267.06x
2025-09-256.99x
2025-09-247.08x
2025-09-237.15x
2025-09-227.20x
2025-09-197.28x
2025-09-187.34x
2025-09-177.39x
2025-09-167.33x
2025-09-157.32x
2025-09-127.39x
2025-09-117.56x
2025-09-107.29x
2025-09-097.33x
2025-09-087.23x
2025-09-057.20x
2025-09-047.17x
2025-09-037.25x
2025-09-027.16x
2025-08-296.84x
2025-08-286.86x
2025-08-277.02x
2025-08-267.03x
2025-08-257.02x
2025-08-227.15x
2025-08-217.14x
2025-08-207.13x
2025-08-197.13x
2025-08-187.00x
2025-08-157.12x
2025-08-146.96x
2025-08-136.97x
2025-08-126.70x
2025-08-116.66x
2025-08-086.77x
2025-08-076.65x
2025-08-066.72x
2025-08-056.87x
2025-08-046.84x
2025-08-016.83x
2025-07-316.66x
2025-07-306.95x
2025-07-297.00x
2025-07-287.06x
2025-07-257.16x
2025-07-247.21x
2025-07-237.14x
2025-07-227.00x
2025-07-216.77x
2025-07-186.87x
2025-07-177.04x
2025-07-167.03x
2025-07-156.98x
2025-07-147.24x
2025-07-117.29x
2025-07-107.34x
2025-07-097.23x
2025-07-087.30x
2025-07-077.10x
2025-07-037.23x
2025-07-027.24x
2025-07-017.10x
2025-06-306.90x
2025-06-276.92x
2025-06-266.96x
2025-06-256.98x
2025-06-246.93x
2025-06-236.86x
2025-06-206.96x
2025-06-186.94x
2025-06-176.94x
2025-06-167.14x
2025-06-137.13x
2025-06-127.20x
2025-06-117.23x
2025-06-107.34x
2025-06-097.28x
2025-06-067.24x
2025-06-057.11x
2025-06-047.18x
2025-06-037.18x
2025-06-027.15x
2025-05-307.09x
2025-05-297.22x
2025-05-286.99x

Showing the most recent 260 of 5,031 data points. The chart above shows the full history.

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.

Cambridge, MA
7,605 employees
Healthcare / Drug Manufacturers - General
Sector
Healthcare
Industry
Drug Manufacturers - General
CEO
Christopher A. Viehbacher