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 31.92x is in line with its estimated 3-year average of 31.40x, near the low end of its estimated 3-year range (15.99x–630.11x).
As of 2026-10-03T00:15:29.228Z. 9.08% below its estimated 12-month average of 35.11x.
Calculation as of: 2026-10-03T00:15:29.228Z.
Quote observation: 2026-10-02T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 05a8d9fc23beb7e9946354f3630d8b432f7666156d0c15d473c0a61afd7aee29
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 2026-10-02.
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
31.92x
EV/EBITDA RATIO AVG TTM
35.11x
EV/EBITDA RATIO AVG 3Y
34.10x
EV/EBITDA RATIO AVG 5Y
N/A
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
-9.08%
CURRENT VS 3Y AVG
-6.40%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · HEALTHCARE
15.56x
median of 82 covered companies
CURRENT VS SECTOR MEDIAN
+105.14%
vs the sector median at left
Fortrea Holdings Inc.
Market Cap
$1.90B
EV/EBITDA Ratio
31.92x
TTM Avg
35.11x
3Y Avg
34.10x
5Y Avg
N/A
Market Cap
$1.74B
EV/EBITDA Ratio
4.46x
TTM Avg
6.95x
3Y Avg
36.54x
5Y Avg
27.67x
Market Cap
$1.71B
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.16B
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.76B
EV/EBITDA Ratio
26.71x
TTM Avg
36.01x
3Y Avg
85.66x
5Y Avg
85.66x
Market Cap
$1.00B
EV/EBITDA Ratio
12.45x
TTM Avg
29.15x
3Y Avg
193.67x
5Y Avg
193.67x
Market Cap
$474.59M
EV/EBITDA Ratio
N/A
TTM Avg
74.72x
3Y Avg
37.71x
5Y Avg
26.88x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Fortrea Holdings Inc. (FTRE) | $1.90B | 31.92x | 35.11x | 34.10x | N/A |
| DENTSPLY SIRONA Inc. (XRAY)vs › | $1.74B | 4.46x | 6.95x | 36.54x | 27.67x |
| Intellia Therapeutics, Inc. (NTLA)vs › | $1.71B | N/A | N/A | N/A | N/A |
| Recursion Pharmaceuticals, Inc. (RXRX)vs › | $2.16B | N/A | N/A | N/A | N/A |
| Beam Therapeutics Inc. (BEAM)vs › | $2.52B | N/A | N/A | N/A | N/A |
| TransMedics Group, Inc. (TMDX)vs › | $2.76B | 26.71x | 36.01x | 85.66x | 85.66x |
| Teladoc Health, Inc. (TDOC)vs › | $1.00B | 12.45x | 29.15x | 193.67x | 193.67x |
| NeoGenomics, Inc. (NEO)vs › | $474.59M | N/A | 74.72x | 37.71x | 26.88x |
| NRC Health (NRC)vs › | $458.62M | 23.34x | 16.31x | 15.05x | 16.68x |
| Shoulder Innovations, Inc. (SI)vs › | $394.23M | N/A | N/A | N/A | N/A |
At 31.9, EV/EBITDA is near its estimated 3-year median — higher than 38% of readings in its estimated 3-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 3-year low
16.0
median
33.6
estimated 3-year high
630.1
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 |
|---|---|
| 2026-10-02 | 31.74x |
| 2026-10-01 | 31.11x |
| 2026-09-30 | 31.69x |
| 2026-09-29 | 31.47x |
| 2026-09-28 | 31.81x |
| 2026-09-25 | 31.63x |
| 2026-09-24 | 31.76x |
| 2026-09-23 | 31.24x |
| 2026-09-22 | 32.20x |
| 2026-09-21 | 31.76x |
| 2026-09-18 | 31.67x |
| 2026-09-17 | 32.04x |
| 2026-09-16 | 31.71x |
| 2026-09-15 | 31.46x |
| 2026-09-14 | 29.01x |
| 2026-09-11 | 28.79x |
| 2026-09-10 | 28.60x |
| 2026-09-09 | 28.35x |
| 2026-09-08 | 28.64x |
| 2026-09-04 | 29.31x |
| 2026-09-03 | 30.29x |
| 2026-09-02 | 30.01x |
| 2026-09-01 | 29.34x |
| 2026-08-31 | 30.02x |
| 2026-08-28 | 30.49x |
| 2026-08-27 | 30.54x |
| 2026-08-26 | 30.19x |
| 2026-08-25 | 29.92x |
| 2026-08-24 | 29.96x |
| 2026-08-21 | 30.04x |
| 2026-08-20 | 29.83x |
| 2026-08-19 | 29.78x |
| 2026-08-18 | 29.21x |
| 2026-08-17 | 29.74x |
| 2026-08-14 | 29.01x |
| 2026-08-13 | 29.44x |
| 2026-08-12 | 29.98x |
| 2026-08-11 | 31.24x |
| 2026-08-10 | 30.68x |
| 2026-08-07 | 30.08x |
| 2026-08-06 | 29.30x |
| 2026-08-05 | 30.74x |
| 2026-08-04 | 29.62x |
| 2026-08-03 | 30.62x |
| 2026-07-31 | 30.87x |
| 2026-07-30 | 30.77x |
| 2026-07-29 | 44.51x |
| 2026-07-28 | 44.94x |
| 2026-07-27 | 42.79x |
| 2026-07-24 | 43.25x |
| 2026-07-23 | 43.22x |
| 2026-07-22 | 41.77x |
| 2026-07-21 | 40.94x |
| 2026-07-20 | 40.68x |
| 2026-07-17 | 40.73x |
| 2026-07-16 | 40.96x |
| 2026-07-15 | 40.94x |
| 2026-07-14 | 41.11x |
| 2026-07-13 | 40.87x |
| 2026-07-10 | 40.73x |
| 2026-07-09 | 40.60x |
| 2026-07-08 | 39.67x |
| 2026-07-07 | 40.33x |
| 2026-07-06 | 40.86x |
| 2026-07-02 | 40.04x |
| 2026-07-01 | 40.47x |
| 2026-06-30 | 40.21x |
| 2026-06-29 | 40.38x |
| 2026-06-26 | 40.57x |
| 2026-06-25 | 40.65x |
| 2026-06-24 | 39.67x |
| 2026-06-23 | 38.86x |
| 2026-06-22 | 37.57x |
| 2026-06-18 | 37.21x |
| 2026-06-17 | 37.23x |
| 2026-06-16 | 38.17x |
| 2026-06-15 | 39.11x |
| 2026-06-12 | 38.89x |
| 2026-06-11 | 39.45x |
| 2026-06-10 | 38.69x |
| 2026-06-09 | 39.46x |
| 2026-06-08 | 39.02x |
| 2026-06-05 | 38.32x |
| 2026-06-04 | 40.00x |
| 2026-06-03 | 37.67x |
| 2026-06-02 | 37.29x |
| 2026-06-01 | 37.86x |
| 2026-05-29 | 37.33x |
| 2026-05-28 | 36.77x |
| 2026-05-27 | 34.50x |
| 2026-05-26 | 34.22x |
| 2026-05-22 | 34.22x |
| 2026-05-21 | 34.10x |
| 2026-05-20 | 34.90x |
| 2026-05-19 | 34.92x |
| 2026-05-18 | 34.75x |
| 2026-05-15 | 34.85x |
| 2026-05-14 | 35.68x |
| 2026-05-13 | 36.01x |
| 2026-05-12 | 36.21x |
| 2026-05-11 | 36.75x |
| 2026-05-08 | 37.39x |
| 2026-05-07 | 37.59x |
| 2026-05-06 | 37.69x |
| 2024-11-08 | 623.10x |
| 2024-11-07 | 527.56x |
| 2024-11-06 | 528.26x |
| 2024-11-05 | 510.91x |
| 2024-11-04 | 506.88x |
| 2024-11-01 | 506.53x |
| 2024-10-31 | 506.00x |
| 2024-10-30 | 511.79x |
| 2024-10-29 | 521.95x |
| 2024-10-28 | 520.03x |
| 2024-10-25 | 514.94x |
| 2024-10-24 | 515.64x |
| 2024-10-23 | 535.63x |
| 2024-10-22 | 523.18x |
| 2024-10-21 | 542.99x |
| 2024-10-18 | 559.82x |
| 2024-10-17 | 551.23x |
| 2024-10-16 | 554.21x |
| 2024-10-15 | 543.69x |
| 2024-10-14 | 534.22x |
| 2024-10-11 | 542.99x |
| 2024-10-10 | 537.91x |
| 2024-10-09 | 546.85x |
| 2024-10-08 | 538.43x |
| 2024-10-07 | 534.57x |
| 2024-10-04 | 540.53x |
| 2024-10-03 | 545.62x |
| 2024-10-02 | 546.85x |
| 2024-10-01 | 555.43x |
| 2024-09-30 | 561.75x |
| 2024-09-27 | 558.94x |
| 2024-09-26 | 558.24x |
| 2024-09-25 | 552.63x |
| 2024-09-24 | 600.49x |
| 2024-09-23 | 605.57x |
| 2024-09-20 | 630.11x |
| 2024-09-19 | 629.41x |
| 2024-09-18 | 613.98x |
| 2024-09-17 | 599.43x |
| 2024-09-16 | 591.37x |
| 2024-09-13 | 586.11x |
| 2024-09-12 | 572.44x |
| 2024-09-11 | 571.04x |
| 2024-09-10 | 560.17x |
| 2024-09-09 | 566.30x |
| 2024-09-06 | 563.32x |
| 2024-09-05 | 575.77x |
| 2024-09-04 | 584.36x |
| 2024-09-03 | 599.43x |
| 2024-08-30 | 615.39x |
| 2024-08-29 | 616.96x |
| 2024-08-28 | 607.85x |
| 2024-08-27 | 611.35x |
| 2024-08-26 | 605.22x |
| 2024-08-23 | 597.33x |
| 2024-08-22 | 586.46x |
| 2024-08-21 | 599.43x |
| 2024-08-20 | 603.99x |
| 2024-08-19 | 603.64x |
| 2024-08-16 | 601.71x |
| 2024-08-15 | 604.17x |
| 2024-08-14 | 617.84x |
| 2024-08-13 | 600.66x |
| 2024-08-12 | 36.90x |
| 2024-08-09 | 41.88x |
| 2024-08-08 | 41.36x |
| 2024-08-07 | 41.31x |
| 2024-08-06 | 42.90x |
| 2024-08-05 | 42.30x |
| 2024-08-02 | 43.17x |
| 2024-08-01 | 44.50x |
| 2024-07-31 | 44.25x |
| 2024-07-30 | 44.53x |
| 2024-07-29 | 43.95x |
| 2024-07-26 | 43.59x |
| 2024-07-25 | 42.91x |
| 2024-07-24 | 42.24x |
| 2024-07-23 | 42.51x |
| 2024-07-22 | 43.49x |
| 2024-07-19 | 42.73x |
| 2024-07-18 | 42.55x |
| 2024-07-17 | 43.64x |
| 2024-07-16 | 44.57x |
| 2024-07-15 | 43.66x |
| 2024-07-12 | 42.70x |
| 2024-07-11 | 41.48x |
| 2024-07-10 | 40.26x |
| 2024-07-09 | 39.98x |
| 2024-07-08 | 39.98x |
| 2024-07-05 | 40.12x |
| 2024-07-03 | 40.24x |
| 2024-07-02 | 40.56x |
| 2024-07-01 | 40.62x |
| 2024-06-28 | 40.11x |
| 2024-06-27 | 39.66x |
| 2024-06-26 | 39.47x |
| 2024-06-25 | 39.27x |
| 2024-06-24 | 39.78x |
| 2024-06-21 | 39.93x |
| 2024-06-20 | 40.69x |
| 2024-06-18 | 40.11x |
| 2024-06-17 | 40.81x |
| 2024-06-14 | 40.72x |
| 2024-06-13 | 41.43x |
| 2024-06-12 | 41.56x |
| 2024-06-11 | 42.00x |
| 2024-06-10 | 42.13x |
| 2024-06-07 | 43.20x |
| 2024-06-06 | 44.27x |
| 2024-06-05 | 44.01x |
| 2024-06-04 | 41.61x |
| 2024-06-03 | 41.58x |
| 2024-05-31 | 42.11x |
| 2024-05-30 | 40.97x |
| 2024-05-29 | 41.44x |
| 2024-05-28 | 41.92x |
| 2024-05-24 | 26.66x |
| 2024-05-23 | 26.75x |
| 2024-05-22 | 27.17x |
| 2024-05-21 | 27.13x |
| 2024-05-20 | 27.49x |
| 2024-05-17 | 27.89x |
| 2024-05-16 | 28.05x |
| 2024-05-15 | 28.64x |
| 2024-05-14 | 28.68x |
| 2024-05-13 | 28.23x |
| 2024-05-10 | 31.26x |
| 2024-05-09 | 32.97x |
| 2024-05-08 | 32.78x |
| 2024-05-07 | 33.37x |
| 2024-05-06 | 33.29x |
| 2024-05-03 | 33.95x |
| 2024-05-02 | 33.48x |
| 2024-05-01 | 33.78x |
| 2024-04-30 | 33.45x |
| 2024-04-29 | 34.03x |
| 2024-04-26 | 33.30x |
| 2024-04-25 | 33.30x |
| 2024-04-24 | 33.85x |
| 2024-04-23 | 33.66x |
| 2024-04-22 | 32.79x |
| 2024-04-19 | 32.78x |
| 2024-04-18 | 33.08x |
| 2024-04-17 | 33.40x |
| 2024-04-16 | 33.58x |
| 2024-04-15 | 34.34x |
| 2024-04-12 | 34.96x |
| 2024-04-11 | 35.11x |
| 2024-04-10 | 34.96x |
| 2024-04-09 | 35.72x |
| 2024-04-08 | 35.16x |
| 2024-04-05 | 34.95x |
| 2024-04-04 | 34.34x |
| 2024-04-03 | 34.69x |
| 2024-04-02 | 35.17x |
| 2024-04-01 | 35.55x |
Showing the most recent 260 of 456 data points. The chart above shows the full history.
