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 22.94x is 67% below its estimated 5-year average of 69.42x, near the low end of its estimated 5-year range (17.82x–153.43x).
As of 2026-09-11T02:33:42.633Z. 9.70% below its estimated 12-month average of 25.40x.
Calculation as of: 2026-09-11T02:33:42.633Z.
Quote observation: 2026-09-10T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 8237d54513fe590b1f0ccbf83172440dd636f2ed9cd2551f17e23848d9509eee
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 2026-09-10.
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
22.94x
EV/EBITDA RATIO AVG TTM
25.40x
EV/EBITDA RATIO AVG 3Y
43.32x
EV/EBITDA RATIO AVG 5Y
69.42x
EV/EBITDA RATIO AVG 10Y
N/A
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-9.70%
CURRENT VS 3Y AVG
-47.04%
CURRENT VS 5Y AVG
-66.96%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
15.96x
median of 76 covered companies
CURRENT VS SECTOR MEDIAN
+43.69%
vs the sector median at left
Market Cap
$33.12B
EV/EBITDA Ratio
31.00x
TTM Avg
93.98x
3Y Avg
123.25x
5Y Avg
123.25x
Market Cap
$30.04B
EV/EBITDA Ratio
37.45x
TTM Avg
27.04x
3Y Avg
23.39x
5Y Avg
22.47x
Market Cap
$29.02B
EV/EBITDA Ratio
10.34x
TTM Avg
11.76x
3Y Avg
13.20x
5Y Avg
13.25x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| DexCom, Inc. (DXCM) | $31.89B | 22.94x | 25.40x | 43.32x | 69.42x |
| ResMed Inc. (RMD)vs › | $31.85B | 14.93x | 16.73x | 19.45x | 23.17x |
| Biogen Inc. (BIIB)vs › | $31.83B | N/A | 10.18x | 11.50x | 12.56x |
| Centene Corp. (CNC)vs › | $32.31B | N/A | 7.10x | 10.28x | 12.08x |
| Alcon Inc. (ALC)vs › | $32.46B | 16.58x | 15.64x | 18.31x | 19.52x |
| Alnylam Pharmaceuticals, Inc. (ALNY)vs › | $33.12B | 31.00x | 93.98x | 123.25x | 123.25x |
| Zoetis Inc. (ZTS)vs › | $30.56B | 9.57x | 13.52x | 19.53x | 22.52x |
| Waters Corporation (WAT)vs › | $30.04B | 37.45x | 27.04x | 23.39x | 22.47x |
| GE HealthCare Technologies Inc. (GEHC)vs › | $29.02B | 10.34x | 11.76x | 13.20x | 13.25x |
| Medline Inc. (MDLN)vs › | $27.39B | 13.69x | 14.92x | 14.92x | 14.92x |
At 22.9, EV/EBITDA is below its estimated 8-year median — higher than 4% of readings in its estimated 8-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 8-year low
17.8
median
92.0
estimated 8-year high
918.0
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 |
|---|---|
| 2026-09-10 | 23.81x |
| 2026-09-09 | 23.63x |
| 2026-09-08 | 23.81x |
| 2026-09-04 | 24.75x |
| 2026-09-03 | 25.26x |
| 2026-09-02 | 25.25x |
| 2026-09-01 | 25.38x |
| 2026-08-31 | 25.63x |
| 2026-08-28 | 25.57x |
| 2026-08-27 | 25.14x |
| 2026-08-26 | 25.05x |
| 2026-08-25 | 25.10x |
| 2026-08-24 | 25.63x |
| 2026-08-21 | 25.99x |
| 2026-08-20 | 25.40x |
| 2026-08-19 | 25.31x |
| 2026-08-18 | 25.23x |
| 2026-08-17 | 24.99x |
| 2026-08-14 | 25.27x |
| 2026-08-13 | 25.75x |
| 2026-08-12 | 25.56x |
| 2026-08-11 | 25.21x |
| 2026-08-10 | 24.68x |
| 2026-08-07 | 23.87x |
| 2026-08-06 | 23.39x |
| 2026-08-05 | 23.29x |
| 2026-08-04 | 24.48x |
| 2026-08-03 | 24.59x |
| 2026-07-31 | 23.51x |
| 2026-07-30 | 22.91x |
| 2026-07-29 | 23.09x |
| 2026-07-28 | 23.00x |
| 2026-07-27 | 22.55x |
| 2026-07-24 | 22.00x |
| 2026-07-23 | 21.67x |
| 2026-07-22 | 21.96x |
| 2026-07-21 | 22.97x |
| 2026-07-20 | 23.26x |
| 2026-07-17 | 23.55x |
| 2026-07-16 | 23.96x |
| 2026-07-15 | 22.36x |
| 2026-07-14 | 22.78x |
| 2026-07-13 | 23.46x |
| 2026-07-10 | 23.04x |
| 2026-07-09 | 22.45x |
| 2026-07-08 | 22.76x |
| 2026-07-07 | 22.61x |
| 2026-07-06 | 22.25x |
| 2026-07-02 | 21.91x |
| 2026-07-01 | 21.18x |
| 2026-06-30 | 20.72x |
| 2026-06-29 | 21.52x |
| 2026-06-26 | 21.57x |
| 2026-06-25 | 21.12x |
| 2026-06-24 | 21.45x |
| 2026-06-23 | 21.20x |
| 2026-06-22 | 21.24x |
| 2026-06-18 | 22.28x |
| 2026-06-17 | 21.90x |
| 2026-06-16 | 22.49x |
| 2026-06-15 | 22.81x |
| 2026-06-12 | 23.16x |
| 2026-06-11 | 23.13x |
| 2026-06-10 | 22.98x |
| 2026-06-09 | 24.02x |
| 2026-06-08 | 23.54x |
| 2026-06-05 | 22.40x |
| 2026-06-04 | 22.32x |
| 2026-06-03 | 22.37x |
| 2026-06-02 | 22.58x |
| 2026-06-01 | 23.01x |
| 2026-05-29 | 22.67x |
| 2026-05-28 | 22.24x |
| 2026-05-27 | 21.61x |
| 2026-05-26 | 22.14x |
| 2026-05-22 | 22.17x |
| 2026-05-21 | 22.11x |
| 2026-05-20 | 21.97x |
| 2026-05-19 | 20.60x |
| 2026-05-18 | 20.03x |
| 2026-05-15 | 18.98x |
| 2026-05-14 | 17.82x |
| 2026-05-13 | 18.05x |
| 2026-05-12 | 18.83x |
| 2026-05-11 | 18.28x |
| 2026-05-08 | 18.67x |
| 2026-05-07 | 18.76x |
| 2026-05-06 | 18.59x |
| 2026-05-05 | 18.32x |
| 2026-05-04 | 18.49x |
| 2026-05-01 | 18.89x |
| 2026-04-30 | 20.82x |
| 2026-04-29 | 20.14x |
| 2026-04-28 | 20.74x |
| 2026-04-27 | 21.46x |
| 2026-04-24 | 21.51x |
| 2026-04-23 | 21.90x |
| 2026-04-22 | 22.14x |
| 2026-04-21 | 21.87x |
| 2026-04-20 | 22.56x |
| 2026-04-17 | 22.34x |
| 2026-04-16 | 21.40x |
| 2026-04-15 | 21.50x |
| 2026-04-14 | 21.99x |
| 2026-04-13 | 22.04x |
| 2026-04-10 | 22.35x |
| 2026-04-09 | 22.92x |
| 2026-04-08 | 22.96x |
| 2026-04-07 | 22.04x |
| 2026-04-06 | 22.07x |
| 2026-04-02 | 21.74x |
| 2026-04-01 | 21.79x |
| 2026-03-31 | 21.93x |
| 2026-03-30 | 21.63x |
| 2026-03-27 | 21.75x |
| 2026-03-26 | 23.06x |
| 2026-03-25 | 23.32x |
| 2026-03-24 | 23.24x |
| 2026-03-23 | 23.01x |
| 2026-03-20 | 23.36x |
| 2026-03-19 | 23.47x |
| 2026-03-18 | 23.60x |
| 2026-03-17 | 23.48x |
| 2026-03-16 | 23.15x |
| 2026-03-13 | 22.43x |
| 2026-03-12 | 22.78x |
| 2026-03-11 | 23.14x |
| 2026-03-10 | 23.65x |
| 2026-03-09 | 23.97x |
| 2026-03-06 | 23.75x |
| 2026-03-05 | 24.64x |
| 2026-03-04 | 25.40x |
| 2026-03-03 | 25.46x |
| 2026-03-02 | 25.70x |
| 2026-02-27 | 25.58x |
| 2026-02-26 | 25.90x |
| 2026-02-25 | 25.49x |
| 2026-02-24 | 25.46x |
| 2026-02-23 | 25.52x |
| 2026-02-20 | 25.46x |
| 2026-02-19 | 25.18x |
| 2026-02-18 | 25.36x |
| 2026-02-17 | 24.55x |
| 2026-02-13 | 24.41x |
| 2026-02-12 | 26.66x |
| 2026-02-11 | 27.89x |
| 2026-02-10 | 27.89x |
| 2026-02-09 | 28.69x |
| 2026-02-06 | 28.61x |
| 2026-02-05 | 28.58x |
| 2026-02-04 | 28.95x |
| 2026-02-03 | 29.27x |
| 2026-02-02 | 29.63x |
| 2026-01-30 | 29.84x |
| 2026-01-29 | 30.22x |
| 2026-01-28 | 29.96x |
| 2026-01-27 | 30.09x |
| 2026-01-26 | 29.96x |
| 2026-01-23 | 29.77x |
| 2026-01-22 | 30.19x |
| 2026-01-21 | 29.47x |
| 2026-01-20 | 28.92x |
| 2026-01-16 | 28.44x |
| 2026-01-15 | 28.32x |
| 2026-01-14 | 28.51x |
| 2026-01-13 | 28.72x |
| 2026-01-12 | 29.02x |
| 2026-01-09 | 27.59x |
| 2026-01-08 | 28.00x |
| 2026-01-07 | 28.67x |
| 2026-01-06 | 28.58x |
| 2026-01-05 | 27.69x |
| 2026-01-02 | 27.25x |
| 2025-12-31 | 27.18x |
| 2025-12-30 | 27.45x |
| 2025-12-29 | 27.62x |
| 2025-12-26 | 27.66x |
| 2025-12-24 | 27.60x |
| 2025-12-23 | 27.37x |
| 2025-12-22 | 27.60x |
| 2025-12-19 | 27.05x |
| 2025-12-18 | 27.00x |
| 2025-12-17 | 26.93x |
| 2025-12-16 | 27.18x |
| 2025-12-15 | 26.92x |
| 2025-12-12 | 27.41x |
| 2025-12-11 | 28.20x |
| 2025-12-10 | 27.65x |
| 2025-12-09 | 27.16x |
| 2025-12-08 | 26.88x |
| 2025-12-05 | 26.83x |
| 2025-12-04 | 26.73x |
| 2025-12-03 | 26.57x |
| 2025-12-02 | 26.41x |
| 2025-12-01 | 26.04x |
| 2025-11-28 | 26.02x |
| 2025-11-26 | 25.65x |
| 2025-11-25 | 25.31x |
| 2025-11-24 | 25.52x |
| 2025-11-21 | 24.73x |
| 2025-11-20 | 24.01x |
| 2025-11-19 | 24.53x |
| 2025-11-18 | 24.71x |
| 2025-11-17 | 24.04x |
| 2025-11-14 | 23.87x |
| 2025-11-13 | 24.53x |
| 2025-11-12 | 24.48x |
| 2025-11-11 | 23.89x |
| 2025-11-10 | 22.58x |
| 2025-11-07 | 22.65x |
| 2025-11-06 | 23.85x |
| 2025-11-05 | 24.35x |
| 2025-11-04 | 25.11x |
| 2025-11-03 | 24.81x |
| 2025-10-31 | 23.93x |
| 2025-10-30 | 31.69x |
| 2025-10-29 | 31.68x |
| 2025-10-28 | 32.15x |
| 2025-10-27 | 32.76x |
| 2025-10-24 | 32.63x |
| 2025-10-23 | 32.95x |
| 2025-10-22 | 32.80x |
| 2025-10-21 | 32.38x |
| 2025-10-20 | 31.79x |
| 2025-10-17 | 30.98x |
| 2025-10-16 | 30.86x |
| 2025-10-15 | 30.46x |
| 2025-10-14 | 30.81x |
| 2025-10-13 | 30.36x |
| 2025-10-10 | 30.33x |
| 2025-10-09 | 31.64x |
| 2025-10-08 | 31.50x |
| 2025-10-07 | 30.73x |
| 2025-10-06 | 30.88x |
| 2025-10-03 | 31.18x |
| 2025-10-02 | 30.91x |
| 2025-10-01 | 30.75x |
| 2025-09-30 | 31.29x |
| 2025-09-29 | 30.92x |
| 2025-09-26 | 31.20x |
| 2025-09-25 | 31.73x |
| 2025-09-24 | 31.38x |
| 2025-09-23 | 31.69x |
| 2025-09-22 | 32.27x |
| 2025-09-19 | 31.36x |
| 2025-09-18 | 35.04x |
| 2025-09-17 | 35.33x |
| 2025-09-16 | 35.38x |
| 2025-09-15 | 34.95x |
| 2025-09-12 | 35.24x |
| 2025-09-11 | 35.14x |
| 2025-09-10 | 35.14x |
| 2025-09-09 | 36.20x |
| 2025-09-08 | 36.02x |
| 2025-09-05 | 37.13x |
| 2025-09-04 | 37.24x |
| 2025-09-03 | 36.43x |
| 2025-09-02 | 34.39x |
| 2025-08-29 | 34.85x |
| 2025-08-28 | 34.73x |
Showing the most recent 260 of 1,722 data points. The chart above shows the full history.
