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 12.52x is in line with its estimated 5-year average of 13.67x, around the middle of its estimated 5-year range (8.47x–19.74x).
As of 2026-10-06T18:51:44.557Z. 18.52% above its estimated 12-month average of 10.56x.
Calculation as of: 2026-10-06T18:51:44.557Z.
Quote observation: 2026-10-06T18:50:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: d6f8dd0191412ef2243aa1201f16a7b462a81073467013b08e096891a203e936
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 2026-10-05.
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
12.52x
EV/EBITDA RATIO AVG TTM
10.56x
EV/EBITDA RATIO AVG 3Y
12.81x
EV/EBITDA RATIO AVG 5Y
13.67x
EV/EBITDA RATIO AVG 10Y
16.36x
EV/EBITDA RATIO AVG 15Y
20.62x
EV/EBITDA RATIO AVG 20Y
17.75x
CURRENT VS TTM AVG
+18.52%
CURRENT VS 3Y AVG
-2.29%
CURRENT VS 5Y AVG
-8.39%
CURRENT VS 10Y AVG
-23.49%
CURRENT VS 15Y AVG
-39.27%
CURRENT VS 20Y AVG
-29.47%
SECTOR MEDIAN · HEALTHCARE
15.76x
median of 217 covered companies
CURRENT VS SECTOR MEDIAN
-20.56%
vs the sector median at left
HealthStream, Inc.
Market Cap
$912.77M
EV/EBITDA Ratio
12.52x
TTM Avg
10.56x
3Y Avg
12.81x
5Y Avg
13.67x
Market Cap
$932.00M
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$933.04M
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$882.99M
EV/EBITDA Ratio
5.89x
TTM Avg
5.93x
3Y Avg
5.93x
5Y Avg
5.93x
Market Cap
$880.85M
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$882.10M
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HealthStream, Inc. (HSTM) | $912.77M | 12.52x | 10.56x | 12.81x | 13.67x |
| Bioventus Inc. (BVS)vs › | $898.60M | 10.58x | 9.34x | 18.56x | 25.76x |
| MoonLake Immunotherapeutics (MLTX)vs › | $932.00M | N/A | N/A | N/A | N/A |
| CeriBell, Inc. (CBLL)vs › | $932.25M | N/A | N/A | N/A | N/A |
| Seaport Therapeutics, Inc. Common Stock (SPTX)vs › | $933.04M | N/A | N/A | N/A | N/A |
| Kura Oncology, Inc. (KURA)vs › | $936.33M | N/A | N/A | N/A | N/A |
| Arbutus Biopharma Corp (ABUS)vs › | $882.99M | 5.89x | 5.93x | 5.93x | 5.93x |
| Corvus Pharmaceuticals, Inc. (CRVS)vs › | $880.85M | N/A | N/A | N/A | N/A |
| Odyssey Therapeutics, Inc. (ODTX)vs › | $882.10M | N/A | N/A | N/A | N/A |
| Savara Inc. (SVRA)vs › | $953.94M | N/A | N/A | N/A | N/A |
At 12.5, EV/EBITDA is below its estimated 20-year median — higher than 25% of readings in its estimated 20-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 20-year low
5.1
median
16.4
estimated 20-year high
47.8
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 |
|---|---|
| 2026-10-05 | 12.71x |
| 2026-10-02 | 12.41x |
| 2026-10-01 | 12.22x |
| 2026-09-30 | 11.95x |
| 2026-09-29 | 11.96x |
| 2026-09-28 | 11.71x |
| 2026-09-25 | 11.69x |
| 2026-09-24 | 11.60x |
| 2026-09-23 | 11.55x |
| 2026-09-22 | 11.65x |
| 2026-09-21 | 11.68x |
| 2026-09-18 | 11.75x |
| 2026-09-17 | 11.73x |
| 2026-09-16 | 11.82x |
| 2026-09-15 | 11.92x |
| 2026-09-14 | 11.91x |
| 2026-09-11 | 11.70x |
| 2026-09-10 | 11.60x |
| 2026-09-09 | 11.51x |
| 2026-09-08 | 11.53x |
| 2026-09-04 | 11.73x |
| 2026-09-03 | 11.96x |
| 2026-09-02 | 11.97x |
| 2026-09-01 | 11.93x |
| 2026-08-31 | 11.67x |
| 2026-08-28 | 11.81x |
| 2026-08-27 | 11.58x |
| 2026-08-26 | 11.55x |
| 2026-08-25 | 11.60x |
| 2026-08-24 | 11.56x |
| 2026-08-21 | 11.60x |
| 2026-08-20 | 11.48x |
| 2026-08-19 | 11.46x |
| 2026-08-18 | 11.44x |
| 2026-08-17 | 11.24x |
| 2026-08-14 | 11.62x |
| 2026-08-13 | 11.66x |
| 2026-08-12 | 11.38x |
| 2026-08-11 | 11.38x |
| 2026-08-10 | 11.80x |
| 2026-08-07 | 11.53x |
| 2026-08-06 | 11.75x |
| 2026-08-05 | 11.70x |
| 2026-08-04 | 12.48x |
| 2026-08-03 | 11.84x |
| 2026-07-31 | 11.72x |
| 2026-07-30 | 11.79x |
| 2026-07-29 | 12.37x |
| 2026-07-28 | 12.07x |
| 2026-07-27 | 11.64x |
| 2026-07-24 | 11.32x |
| 2026-07-23 | 11.00x |
| 2026-07-22 | 11.22x |
| 2026-07-21 | 11.63x |
| 2026-07-20 | 11.84x |
| 2026-07-17 | 11.91x |
| 2026-07-16 | 12.11x |
| 2026-07-15 | 11.81x |
| 2026-07-14 | 11.88x |
| 2026-07-13 | 12.01x |
| 2026-07-10 | 11.73x |
| 2026-07-09 | 11.71x |
| 2026-07-08 | 11.78x |
| 2026-07-07 | 11.90x |
| 2026-07-06 | 12.17x |
| 2026-07-02 | 11.88x |
| 2026-07-01 | 11.82x |
| 2026-06-30 | 11.37x |
| 2026-06-29 | 11.32x |
| 2026-06-26 | 11.15x |
| 2026-06-25 | 10.70x |
| 2026-06-24 | 10.88x |
| 2026-06-23 | 10.68x |
| 2026-06-22 | 10.55x |
| 2026-06-18 | 10.67x |
| 2026-06-17 | 10.83x |
| 2026-06-16 | 10.73x |
| 2026-06-15 | 10.77x |
| 2026-06-12 | 10.88x |
| 2026-06-11 | 10.92x |
| 2026-06-10 | 10.97x |
| 2026-06-09 | 10.83x |
| 2026-06-08 | 10.67x |
| 2026-06-05 | 10.50x |
| 2026-06-04 | 10.52x |
| 2026-06-03 | 10.19x |
| 2026-06-02 | 10.49x |
| 2026-06-01 | 10.65x |
| 2026-05-29 | 10.38x |
| 2026-05-28 | 10.23x |
| 2026-05-27 | 10.06x |
| 2026-05-26 | 10.12x |
| 2026-05-22 | 9.87x |
| 2026-05-21 | 9.81x |
| 2026-05-20 | 9.92x |
| 2026-05-19 | 10.14x |
| 2026-05-18 | 9.85x |
| 2026-05-15 | 9.39x |
| 2026-05-14 | 9.43x |
| 2026-05-13 | 9.47x |
| 2026-05-12 | 9.68x |
| 2026-05-11 | 9.57x |
| 2026-05-08 | 9.94x |
| 2026-05-07 | 9.75x |
| 2026-05-06 | 10.46x |
| 2026-05-05 | 11.03x |
| 2026-05-04 | 9.58x |
| 2026-05-01 | 9.33x |
| 2026-04-30 | 9.35x |
| 2026-04-29 | 9.56x |
| 2026-04-28 | 9.76x |
| 2026-04-27 | 9.66x |
| 2026-04-24 | 9.61x |
| 2026-04-23 | 9.41x |
| 2026-04-22 | 9.69x |
| 2026-04-21 | 9.64x |
| 2026-04-20 | 9.62x |
| 2026-04-17 | 9.80x |
| 2026-04-16 | 9.63x |
| 2026-04-15 | 9.48x |
| 2026-04-14 | 9.15x |
| 2026-04-13 | 9.17x |
| 2026-04-10 | 8.94x |
| 2026-04-09 | 8.95x |
| 2026-04-08 | 9.15x |
| 2026-04-07 | 9.25x |
| 2026-04-06 | 9.18x |
| 2026-04-02 | 9.20x |
| 2026-04-01 | 9.18x |
| 2026-03-31 | 9.33x |
| 2026-03-30 | 9.50x |
| 2026-03-27 | 9.51x |
| 2026-03-26 | 9.58x |
| 2026-03-25 | 9.57x |
| 2026-03-24 | 9.45x |
| 2026-03-23 | 9.52x |
| 2026-03-20 | 9.15x |
| 2026-03-19 | 9.26x |
| 2026-03-18 | 9.28x |
| 2026-03-17 | 9.43x |
| 2026-03-16 | 9.45x |
| 2026-03-13 | 9.13x |
| 2026-03-12 | 9.15x |
| 2026-03-11 | 9.23x |
| 2026-03-10 | 9.68x |
| 2026-03-09 | 10.14x |
| 2026-03-06 | 10.04x |
| 2026-03-05 | 9.88x |
| 2026-03-04 | 9.95x |
| 2026-03-03 | 9.79x |
| 2026-03-02 | 9.63x |
| 2026-02-27 | 9.57x |
| 2026-02-26 | 9.13x |
| 2026-02-25 | 9.29x |
| 2026-02-24 | 9.48x |
| 2026-02-23 | 9.09x |
| 2026-02-20 | 8.69x |
| 2026-02-19 | 8.62x |
| 2026-02-18 | 8.53x |
| 2026-02-17 | 8.66x |
| 2026-02-13 | 8.67x |
| 2026-02-12 | 8.47x |
| 2026-02-11 | 8.60x |
| 2026-02-10 | 8.52x |
| 2026-02-09 | 8.52x |
| 2026-02-06 | 8.57x |
| 2026-02-05 | 8.66x |
| 2026-02-04 | 8.71x |
| 2026-02-03 | 8.94x |
| 2026-02-02 | 9.41x |
| 2026-01-30 | 9.57x |
| 2026-01-29 | 9.42x |
| 2026-01-28 | 9.32x |
| 2026-01-27 | 9.30x |
| 2026-01-26 | 9.35x |
| 2026-01-23 | 9.16x |
| 2026-01-22 | 9.20x |
| 2026-01-21 | 9.09x |
| 2026-01-20 | 9.13x |
| 2026-01-16 | 9.35x |
| 2026-01-15 | 9.46x |
| 2026-01-14 | 9.41x |
| 2026-01-13 | 9.45x |
| 2026-01-12 | 9.68x |
| 2026-01-09 | 9.49x |
| 2026-01-08 | 9.58x |
| 2026-01-07 | 9.78x |
| 2026-01-06 | 9.96x |
| 2026-01-05 | 9.91x |
| 2026-01-02 | 9.80x |
| 2025-12-31 | 9.93x |
| 2025-12-30 | 10.02x |
| 2025-12-29 | 10.00x |
| 2025-12-26 | 10.17x |
| 2025-12-24 | 10.27x |
| 2025-12-23 | 10.36x |
| 2025-12-22 | 10.32x |
| 2025-12-19 | 10.32x |
| 2025-12-18 | 10.48x |
| 2025-12-17 | 10.27x |
| 2025-12-16 | 10.31x |
| 2025-12-15 | 10.52x |
| 2025-12-12 | 10.43x |
| 2025-12-11 | 10.51x |
| 2025-12-10 | 10.45x |
| 2025-12-09 | 10.32x |
| 2025-12-08 | 10.37x |
| 2025-12-05 | 10.47x |
| 2025-12-04 | 10.67x |
| 2025-12-03 | 10.77x |
| 2025-12-02 | 10.84x |
| 2025-12-01 | 10.99x |
| 2025-11-28 | 10.87x |
| 2025-11-26 | 10.95x |
| 2025-11-25 | 11.09x |
| 2025-11-24 | 10.87x |
| 2025-11-21 | 11.01x |
| 2025-11-20 | 10.58x |
| 2025-11-19 | 10.63x |
| 2025-11-18 | 10.49x |
| 2025-11-17 | 10.55x |
| 2025-11-14 | 10.56x |
| 2025-11-13 | 10.61x |
| 2025-11-12 | 10.61x |
| 2025-11-11 | 10.89x |
| 2025-11-10 | 10.60x |
| 2025-11-07 | 10.65x |
| 2025-11-06 | 11.29x |
| 2025-11-05 | 11.74x |
| 2025-11-04 | 11.89x |
| 2025-11-03 | 11.55x |
| 2025-10-31 | 11.21x |
| 2025-10-30 | 11.18x |
| 2025-10-29 | 11.21x |
| 2025-10-28 | 11.80x |
| 2025-10-27 | 11.86x |
| 2025-10-24 | 12.03x |
| 2025-10-23 | 12.12x |
| 2025-10-22 | 12.27x |
| 2025-10-21 | 12.20x |
| 2025-10-20 | 12.35x |
| 2025-10-17 | 12.14x |
| 2025-10-16 | 12.01x |
| 2025-10-15 | 11.92x |
| 2025-10-14 | 11.80x |
| 2025-10-13 | 11.58x |
| 2025-10-10 | 11.69x |
| 2025-10-09 | 12.12x |
| 2025-10-08 | 12.44x |
| 2025-10-07 | 12.30x |
| 2025-10-06 | 12.52x |
| 2025-10-03 | 12.53x |
| 2025-10-02 | 12.60x |
| 2025-10-01 | 12.59x |
| 2025-09-30 | 12.95x |
| 2025-09-29 | 13.29x |
| 2025-09-26 | 13.38x |
| 2025-09-25 | 13.35x |
| 2025-09-24 | 13.31x |
| 2025-09-23 | 13.31x |
Showing the most recent 260 of 4,960 data points. The chart above shows the full history.
