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 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
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Moderna, Inc. (MRNA) | — | 7.98x | 5.94x | 5.01x | 6.84x |
| Hologic, Inc. (HOLX) | $16.97B | 4.25x | 4.02x | 4.39x | 4.15x |
| BioNTech SE (BNTX) | $21.81B | 3.25x | 4.19x | 3.71x | 3.49x |
| Mettler-Toledo International Inc. (MTD) | $22.85B | 6.14x | 7.35x | 7.51x | 8.18x |
| Waters Corporation (WAT) | $23.83B | 9.32x | 7.03x | 7.13x | 7.32x |
| Align Technology, Inc. (ALGN) | $12.56B | 2.83x | 2.73x | 4.07x | 5.92x |
| Veeva Systems Inc. (VEEV) | $27.37B | 7.85x | 12.54x | 13.33x | 15.72x |
| Charles River Laboratories International, Inc. (CRL) | $9.06B | 3.00x | 2.79x | 3.02x | 3.79x |
| Bio-Rad Laboratories, Inc. (BIO) | $7.89B | 3.38x | 3.41x | 3.67x | 4.58x |
| Biogen Inc. (BIIB) | $29.00B | 3.28x | 2.79x | 3.30x | 3.58x |
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
| DATE | EV/SALES RATIO |
|---|---|
| 2026-06-10 | 7.98x |
| 2026-06-09 | 8.20x |
| 2026-06-08 | 8.18x |
| 2026-06-05 | 8.15x |
| 2026-06-04 | 8.88x |
| 2026-06-03 | 8.44x |
| 2026-06-02 | 7.83x |
| 2026-06-01 | 7.90x |
| 2026-05-29 | 8.10x |
| 2026-05-28 | 8.17x |
| 2026-05-27 | 8.18x |
| 2026-05-26 | 8.07x |
| 2026-05-22 | 8.05x |
| 2026-05-21 | 8.12x |
| 2026-05-20 | 8.27x |
| 2026-05-19 | 7.84x |
| 2026-05-18 | 8.27x |
| 2026-05-15 | 8.43x |
| 2026-05-14 | 8.61x |
| 2026-05-13 | 8.68x |
| 2026-05-12 | 9.18x |
| 2026-05-11 | 9.11x |
| 2026-05-08 | 9.37x |
| 2026-05-07 | 8.34x |
| 2026-05-06 | 8.39x |
| 2026-05-05 | 8.02x |
| 2026-05-04 | 8.12x |
| 2026-05-01 | 7.78x |
| 2026-04-30 | 8.92x |
| 2026-04-29 | 8.87x |
| 2026-04-28 | 9.16x |
| 2026-04-27 | 9.48x |
| 2026-04-24 | 9.89x |
| 2026-04-23 | 10.31x |
| 2026-04-22 | 10.87x |
| 2026-04-21 | 10.59x |
| 2026-04-20 | 10.66x |
| 2026-04-17 | 10.49x |
| 2026-04-16 | 10.68x |
| 2026-04-15 | 10.60x |
| 2026-04-14 | 10.31x |
| 2026-04-13 | 9.88x |
| 2026-04-10 | 9.93x |
| 2026-04-09 | 10.00x |
| 2026-04-08 | 10.16x |
| 2026-04-07 | 9.76x |
| 2026-04-06 | 9.49x |
| 2026-04-02 | 9.58x |
| 2026-04-01 | 9.74x |
| 2026-03-31 | 9.90x |
| 2026-03-30 | 9.38x |
| 2026-03-27 | 9.65x |
| 2026-03-26 | 10.46x |
| 2026-03-25 | 10.45x |
| 2026-03-24 | 10.01x |
| 2026-03-23 | 10.00x |
| 2026-03-20 | 10.02x |
| 2026-03-19 | 10.22x |
| 2026-03-18 | 10.22x |
| 2026-03-17 | 10.53x |
| 2026-03-16 | 10.41x |
| 2026-03-13 | 10.25x |
| 2026-03-12 | 10.42x |
| 2026-03-11 | 10.94x |
| 2026-03-10 | 10.74x |
| 2026-03-09 | 10.90x |
| 2026-03-06 | 10.25x |
| 2026-03-05 | 10.51x |
| 2026-03-04 | 11.31x |
| 2026-03-03 | 9.70x |
| 2026-03-02 | 10.31x |
| 2026-02-27 | 10.46x |
| 2026-02-26 | 10.08x |
| 2026-02-25 | 10.01x |
| 2026-02-24 | 9.84x |
| 2026-02-23 | 9.80x |
| 2026-02-20 | 9.71x |
| 2026-02-19 | 8.84x |
| 2026-02-18 | 8.30x |
| 2026-02-17 | 7.83x |
| 2026-02-13 | 7.53x |
| 2026-02-12 | 7.16x |
| 2026-02-11 | 7.23x |
| 2026-02-10 | 7.49x |
| 2026-02-09 | 7.48x |
| 2026-02-06 | 7.32x |
| 2026-02-05 | 7.29x |
| 2026-02-04 | 7.63x |
| 2026-02-03 | 7.53x |
| 2026-02-02 | 7.59x |
| 2026-01-30 | 7.86x |
| 2026-01-29 | 8.35x |
| 2026-01-28 | 8.07x |
| 2026-01-27 | 8.10x |
| 2026-01-26 | 8.54x |
| 2026-01-23 | 8.67x |
| 2026-01-22 | 9.23x |
| 2026-01-21 | 8.86x |
| 2026-01-20 | 7.67x |
| 2026-01-16 | 7.46x |
| 2026-01-15 | 7.03x |
| 2026-01-14 | 7.24x |
| 2026-01-13 | 7.07x |
| 2026-01-12 | 6.06x |
| 2026-01-09 | 6.14x |
| 2026-01-08 | 6.06x |
| 2026-01-07 | 6.42x |
| 2026-01-06 | 6.38x |
| 2026-01-05 | 5.77x |
| 2026-01-02 | 5.54x |
| 2025-12-31 | 5.30x |
| 2025-12-30 | 5.46x |
| 2025-12-29 | 5.59x |
| 2025-12-26 | 5.60x |
| 2025-12-24 | 5.87x |
| 2025-12-23 | 5.79x |
| 2025-12-22 | 6.25x |
| 2025-12-19 | 6.05x |
| 2025-12-18 | 5.55x |
| 2025-12-17 | 5.47x |
| 2025-12-16 | 5.37x |
| 2025-12-15 | 5.37x |
| 2025-12-12 | 5.29x |
| 2025-12-11 | 5.32x |
| 2025-12-10 | 5.22x |
| 2025-12-09 | 5.08x |
| 2025-12-08 | 5.03x |
| 2025-12-05 | 4.98x |
| 2025-12-04 | 4.59x |
| 2025-12-03 | 4.54x |
| 2025-12-02 | 4.34x |
| 2025-12-01 | 4.36x |
| 2025-11-28 | 4.68x |
| 2025-11-26 | 4.51x |
| 2025-11-25 | 4.46x |
| 2025-11-24 | 4.36x |
| 2025-11-21 | 4.28x |
| 2025-11-20 | 4.04x |
| 2025-11-19 | 4.36x |
| 2025-11-18 | 4.49x |
| 2025-11-17 | 4.47x |
| 2025-11-14 | 4.47x |
| 2025-11-13 | 4.50x |
| 2025-11-12 | 4.81x |
| 2025-11-11 | 4.76x |
| 2025-11-10 | 4.47x |
| 2025-11-07 | 4.43x |
| 2025-11-06 | 4.39x |
| 2025-11-05 | 2.81x |
| 2025-11-04 | 2.84x |
| 2025-11-03 | 2.98x |
| 2025-10-31 | 3.27x |
| 2025-10-30 | 3.39x |
| 2025-10-29 | 2.96x |
| 2025-10-28 | 3.04x |
| 2025-10-27 | 3.20x |
| 2025-10-24 | 3.21x |
| 2025-10-23 | 3.15x |
| 2025-10-22 | 3.23x |
| 2025-10-21 | 3.31x |
| 2025-10-20 | 3.28x |
| 2025-10-17 | 3.12x |
| 2025-10-16 | 3.27x |
| 2025-10-15 | 3.34x |
| 2025-10-14 | 3.15x |
| 2025-10-13 | 3.21x |
| 2025-10-10 | 3.23x |
| 2025-10-09 | 3.31x |
| 2025-10-08 | 3.36x |
| 2025-10-07 | 3.29x |
| 2025-10-06 | 3.32x |
| 2025-10-03 | 3.44x |
| 2025-10-02 | 3.42x |
| 2025-10-01 | 3.32x |
| 2025-09-30 | 3.10x |
| 2025-09-29 | 3.04x |
| 2025-09-26 | 2.93x |
| 2025-09-25 | 2.94x |
| 2025-09-24 | 3.11x |
| 2025-09-23 | 3.09x |
| 2025-09-22 | 3.19x |
| 2025-09-19 | 3.02x |
| 2025-09-18 | 3.05x |
| 2025-09-17 | 2.99x |
| 2025-09-16 | 2.97x |
| 2025-09-15 | 2.85x |
| 2025-09-12 | 2.81x |
| 2025-09-11 | 3.04x |
| 2025-09-10 | 2.91x |
| 2025-09-09 | 2.93x |
| 2025-09-08 | 2.97x |
| 2025-09-05 | 3.01x |
| 2025-09-04 | 2.90x |
| 2025-09-03 | 2.87x |
| 2025-09-02 | 2.89x |
| 2025-08-29 | 2.88x |
| 2025-08-28 | 2.93x |
| 2025-08-27 | 3.01x |
| 2025-08-26 | 2.96x |
| 2025-08-25 | 3.04x |
| 2025-08-22 | 3.26x |
| 2025-08-21 | 3.15x |
| 2025-08-20 | 3.23x |
| 2025-08-19 | 3.36x |
| 2025-08-18 | 3.39x |
| 2025-08-15 | 3.38x |
| 2025-08-14 | 3.21x |
| 2025-08-13 | 3.23x |
| 2025-08-12 | 3.08x |
| 2025-08-11 | 3.05x |
| 2025-08-08 | 3.14x |
| 2025-08-07 | 3.20x |
| 2025-08-06 | 3.21x |
| 2025-08-05 | 3.31x |
| 2025-08-04 | 3.33x |
| 2025-08-01 | 3.33x |
| 2025-07-31 | 3.36x |
| 2025-07-30 | 3.67x |
| 2025-07-29 | 3.74x |
| 2025-07-28 | 3.89x |
| 2025-07-25 | 3.92x |
| 2025-07-24 | 3.90x |
| 2025-07-23 | 3.98x |
| 2025-07-22 | 3.75x |
| 2025-07-21 | 3.53x |
| 2025-07-18 | 3.56x |
| 2025-07-17 | 3.68x |
| 2025-07-16 | 3.66x |
| 2025-07-15 | 3.60x |
| 2025-07-14 | 3.76x |
| 2025-07-11 | 3.86x |
| 2025-07-10 | 3.94x |
| 2025-07-09 | 3.75x |
| 2025-07-08 | 3.72x |
| 2025-07-07 | 3.40x |
| 2025-07-03 | 3.47x |
| 2025-07-02 | 3.44x |
| 2025-07-01 | 3.25x |
| 2025-06-30 | 3.11x |
| 2025-06-27 | 3.06x |
| 2025-06-26 | 3.11x |
| 2025-06-25 | 3.02x |
| 2025-06-24 | 3.02x |
| 2025-06-23 | 2.88x |
| 2025-06-20 | 2.91x |
| 2025-06-18 | 2.84x |
| 2025-06-17 | 2.86x |
| 2025-06-16 | 2.92x |
| 2025-06-13 | 3.00x |
| 2025-06-12 | 3.08x |
| 2025-06-11 | 3.13x |
| 2025-06-10 | 3.12x |
| 2025-06-09 | 3.18x |
| 2025-06-06 | 3.10x |
| 2025-06-05 | 2.93x |
| 2025-06-04 | 3.07x |
| 2025-06-03 | 3.14x |
| 2025-06-02 | 3.05x |
| 2025-05-30 | 2.99x |
| 2025-05-29 | 3.03x |
Showing the most recent 260 of 1,886 data points. The chart above shows the full history.
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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.
- Sector
- Healthcare
- Industry
- Biotechnology
- CEO
- Stéphane Bancel