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Moderna, Inc. (MRNA)
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Moderna, Inc. (MRNA) EV/Sales Ratio: 7.98x

Is Moderna, Inc.’s EV/Sales ratio high or low?

Moderna, Inc.'s EV/Sales ratio of 7.98x is 17% above its 5-year average of 6.84x, near the low end of its 5-year range (2.09x–68.95x).

The EV/Sales ratio for Moderna, Inc. (MRNA) is 7.98x as of Wednesday, June 10, 2026. It is above its 12-month average by 34.26% (5.94x).

MRNA EV/Sales Ratio Chart

MRNA EV/Sales Ratio
7.98x+155.77% 1Y
Zoom

MRNA Average EV/Sales Ratio Chart

MRNA Current vs Average EV/Sales Ratio Chart

MRNA EV/Sales Ratio Metrics

EV/SALES RATIO

7.98x

EV/SALES RATIO AVG TTM

5.94x

EV/SALES RATIO AVG 3Y

5.01x

EV/SALES RATIO AVG 5Y

6.84x

EV/SALES RATIO AVG 10Y

50.93x

EV/SALES RATIO AVG 15Y

50.93x

EV/SALES RATIO AVG 20Y

50.93x

CURRENT VS TTM AVG

+34.26%

CURRENT VS 3Y AVG

+59.17%

CURRENT VS 5Y AVG

+16.71%

CURRENT VS 10Y AVG

-84.33%

CURRENT VS 15Y AVG

-84.33%

CURRENT VS 20Y AVG

-84.33%

MRNA Competitors' EV/Sales Ratio

NAMEMARKET CAPEV/SALES RATIOTTM3Y5Y
Moderna, Inc. (MRNA)7.98x5.94x5.01x6.84x
Hologic, Inc. (HOLX)$16.97B4.25x4.02x4.39x4.15x
BioNTech SE (BNTX)$21.81B3.25x4.19x3.71x3.49x
Mettler-Toledo International Inc. (MTD)$22.85B6.14x7.35x7.51x8.18x
Waters Corporation (WAT)$23.83B9.32x7.03x7.13x7.32x
Align Technology, Inc. (ALGN)$12.56B2.83x2.73x4.07x5.92x
Veeva Systems Inc. (VEEV)$27.37B7.85x12.54x13.33x15.72x
Charles River Laboratories International, Inc. (CRL)$9.06B3.00x2.79x3.02x3.79x
Bio-Rad Laboratories, Inc. (BIO)$7.89B3.38x3.41x3.67x4.58x
Biogen Inc. (BIIB)$29.00B3.28x2.79x3.30x3.58x

Understanding EV/Sales

Enterprise Value (EV) = Market Cap + Total Debt - Cash

Sales = Total Revenue (TTM)

EV/Sales is commonly used because:

  • It works for unprofitable companies where P/E doesn't apply
  • Revenue is harder to manipulate than earnings
  • It supports comparisons across companies at different profitability stages
  • It is frequently used for software and other revenue-growth-focused companies

Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.

Moderna, Inc. EV/Sales Ratio Formula & Definition

EV/Sales = Enterprise Value / Revenue (TTM)

Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Moderna, Inc. EV/Sales Ratio FAQ

What is the EV/Sales ratio for Moderna, Inc. (MRNA)?
The EV/Sales ratio for MRNA stock is 7.98x.
Is Moderna, Inc.'s EV/Sales ratio high or low?
Moderna, Inc.'s EV/Sales ratio of 7.98x is 17% above its 5-year average of 6.84x, near the low end of its 5-year range (2.09x–68.95x).
What is the TTM average EV/Sales ratio for Moderna, Inc. (MRNA)?
The TTM average EV/Sales ratio for MRNA stock is 5.94x.
What is the 3Y average EV/Sales ratio for Moderna, Inc. (MRNA)?
The 3Y average EV/Sales ratio for MRNA stock is 5.01x.
What is the 5Y average EV/Sales ratio for Moderna, Inc. (MRNA)?
The 5Y average EV/Sales ratio for MRNA stock is 6.84x.
What is the 10Y average EV/Sales ratio for Moderna, Inc. (MRNA)?
The 10Y average EV/Sales ratio for MRNA stock is 50.93x.
What is the 15Y average EV/Sales ratio for Moderna, Inc. (MRNA)?
The 15Y average EV/Sales ratio for MRNA stock is 50.93x.
What is the 20Y average EV/Sales ratio for Moderna, Inc. (MRNA)?
The 20Y average EV/Sales ratio for MRNA stock is 50.93x.

Moderna, Inc. EV/Sales Ratio History

DATEEV/SALES RATIO
2026-06-107.98x
2026-06-098.20x
2026-06-088.18x
2026-06-058.15x
2026-06-048.88x
2026-06-038.44x
2026-06-027.83x
2026-06-017.90x
2026-05-298.10x
2026-05-288.17x
2026-05-278.18x
2026-05-268.07x
2026-05-228.05x
2026-05-218.12x
2026-05-208.27x
2026-05-197.84x
2026-05-188.27x
2026-05-158.43x
2026-05-148.61x
2026-05-138.68x
2026-05-129.18x
2026-05-119.11x
2026-05-089.37x
2026-05-078.34x
2026-05-068.39x
2026-05-058.02x
2026-05-048.12x
2026-05-017.78x
2026-04-308.92x
2026-04-298.87x
2026-04-289.16x
2026-04-279.48x
2026-04-249.89x
2026-04-2310.31x
2026-04-2210.87x
2026-04-2110.59x
2026-04-2010.66x
2026-04-1710.49x
2026-04-1610.68x
2026-04-1510.60x
2026-04-1410.31x
2026-04-139.88x
2026-04-109.93x
2026-04-0910.00x
2026-04-0810.16x
2026-04-079.76x
2026-04-069.49x
2026-04-029.58x
2026-04-019.74x
2026-03-319.90x
2026-03-309.38x
2026-03-279.65x
2026-03-2610.46x
2026-03-2510.45x
2026-03-2410.01x
2026-03-2310.00x
2026-03-2010.02x
2026-03-1910.22x
2026-03-1810.22x
2026-03-1710.53x
2026-03-1610.41x
2026-03-1310.25x
2026-03-1210.42x
2026-03-1110.94x
2026-03-1010.74x
2026-03-0910.90x
2026-03-0610.25x
2026-03-0510.51x
2026-03-0411.31x
2026-03-039.70x
2026-03-0210.31x
2026-02-2710.46x
2026-02-2610.08x
2026-02-2510.01x
2026-02-249.84x
2026-02-239.80x
2026-02-209.71x
2026-02-198.84x
2026-02-188.30x
2026-02-177.83x
2026-02-137.53x
2026-02-127.16x
2026-02-117.23x
2026-02-107.49x
2026-02-097.48x
2026-02-067.32x
2026-02-057.29x
2026-02-047.63x
2026-02-037.53x
2026-02-027.59x
2026-01-307.86x
2026-01-298.35x
2026-01-288.07x
2026-01-278.10x
2026-01-268.54x
2026-01-238.67x
2026-01-229.23x
2026-01-218.86x
2026-01-207.67x
2026-01-167.46x
2026-01-157.03x
2026-01-147.24x
2026-01-137.07x
2026-01-126.06x
2026-01-096.14x
2026-01-086.06x
2026-01-076.42x
2026-01-066.38x
2026-01-055.77x
2026-01-025.54x
2025-12-315.30x
2025-12-305.46x
2025-12-295.59x
2025-12-265.60x
2025-12-245.87x
2025-12-235.79x
2025-12-226.25x
2025-12-196.05x
2025-12-185.55x
2025-12-175.47x
2025-12-165.37x
2025-12-155.37x
2025-12-125.29x
2025-12-115.32x
2025-12-105.22x
2025-12-095.08x
2025-12-085.03x
2025-12-054.98x
2025-12-044.59x
2025-12-034.54x
2025-12-024.34x
2025-12-014.36x
2025-11-284.68x
2025-11-264.51x
2025-11-254.46x
2025-11-244.36x
2025-11-214.28x
2025-11-204.04x
2025-11-194.36x
2025-11-184.49x
2025-11-174.47x
2025-11-144.47x
2025-11-134.50x
2025-11-124.81x
2025-11-114.76x
2025-11-104.47x
2025-11-074.43x
2025-11-064.39x
2025-11-052.81x
2025-11-042.84x
2025-11-032.98x
2025-10-313.27x
2025-10-303.39x
2025-10-292.96x
2025-10-283.04x
2025-10-273.20x
2025-10-243.21x
2025-10-233.15x
2025-10-223.23x
2025-10-213.31x
2025-10-203.28x
2025-10-173.12x
2025-10-163.27x
2025-10-153.34x
2025-10-143.15x
2025-10-133.21x
2025-10-103.23x
2025-10-093.31x
2025-10-083.36x
2025-10-073.29x
2025-10-063.32x
2025-10-033.44x
2025-10-023.42x
2025-10-013.32x
2025-09-303.10x
2025-09-293.04x
2025-09-262.93x
2025-09-252.94x
2025-09-243.11x
2025-09-233.09x
2025-09-223.19x
2025-09-193.02x
2025-09-183.05x
2025-09-172.99x
2025-09-162.97x
2025-09-152.85x
2025-09-122.81x
2025-09-113.04x
2025-09-102.91x
2025-09-092.93x
2025-09-082.97x
2025-09-053.01x
2025-09-042.90x
2025-09-032.87x
2025-09-022.89x
2025-08-292.88x
2025-08-282.93x
2025-08-273.01x
2025-08-262.96x
2025-08-253.04x
2025-08-223.26x
2025-08-213.15x
2025-08-203.23x
2025-08-193.36x
2025-08-183.39x
2025-08-153.38x
2025-08-143.21x
2025-08-133.23x
2025-08-123.08x
2025-08-113.05x
2025-08-083.14x
2025-08-073.20x
2025-08-063.21x
2025-08-053.31x
2025-08-043.33x
2025-08-013.33x
2025-07-313.36x
2025-07-303.67x
2025-07-293.74x
2025-07-283.89x
2025-07-253.92x
2025-07-243.90x
2025-07-233.98x
2025-07-223.75x
2025-07-213.53x
2025-07-183.56x
2025-07-173.68x
2025-07-163.66x
2025-07-153.60x
2025-07-143.76x
2025-07-113.86x
2025-07-103.94x
2025-07-093.75x
2025-07-083.72x
2025-07-073.40x
2025-07-033.47x
2025-07-023.44x
2025-07-013.25x
2025-06-303.11x
2025-06-273.06x
2025-06-263.11x
2025-06-253.02x
2025-06-243.02x
2025-06-232.88x
2025-06-202.91x
2025-06-182.84x
2025-06-172.86x
2025-06-162.92x
2025-06-133.00x
2025-06-123.08x
2025-06-113.13x
2025-06-103.12x
2025-06-093.18x
2025-06-063.10x
2025-06-052.93x
2025-06-043.07x
2025-06-033.14x
2025-06-023.05x
2025-05-302.99x
2025-05-293.03x

Showing the most recent 260 of 1,886 data points. The chart above shows the full history.

About Moderna, Inc.

Moderna, Inc., a biotechnology firm, is dedicated to the discovery, development, and commercialization of messenger RNA (mRNA) based therapies and preventive medicines. Its extensive research and development efforts target a broad spectrum of medical needs, including infectious diseases, cancer immunology, rare conditions, cardiovascular ailments, and autoimmune disorders, with operations spanning the United States, Europe, and other global markets. The company's diverse product pipeline encompasses various vaccine candidates: those for respiratory illnesses like COVID-19, influenza, and respiratory syncytial virus (RSV); latent viral infections such as cytomegalovirus (CMV), Epstein-Barr virus (EBV), human immunodeficiency virus (HIV), herpes simplex virus (HSV), and varicella-zoster virus (VZV); and public health threats like Zika and Nipah. Additionally, Moderna is advancing systemic secreted and cell surface-targeted therapeutics, an array of cancer vaccines (including personalized, KRAS, and checkpoint varieties), intratumoral immuno-oncology products, localized regenerative treatments, systemic intracellular medicines, and inhaled pulmonary solutions. Moderna maintains strategic alliances with several prominent entities, including AstraZeneca PLC, Merck & Co., Inc., Vertex Pharmaceuticals Incorporated, Vertex Pharmaceuticals (Europe) Limited, Carisma Therapeutics, Inc., Metagenomi, Inc., the Defense Advanced Research Projects Agency (DARPA), the Biomedical Advanced Research and Development Authority (BARDA), the Institute for Life Changing Medicines, and The Bill & Melinda Gates Foundation. It also holds a collaboration and license agreement with Chiesi Farmaceutici S.P.A. Founded in 2010 as Moderna Therapeutics, Inc., the company officially became Moderna, Inc. in August 2018. Its corporate headquarters are located in Cambridge, Massachusetts.

Cambridge, MA
5,800 employees
Healthcare / Biotechnology
Sector
Healthcare
Industry
Biotechnology
CEO
Stéphane Bancel