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 23.83x is 19% below its estimated 3-year average of 29.44x, near the low end of its estimated 3-year range (14.07x–117.75x).
As of 2026-10-06T19:43:20.770Z. 16.63% below its estimated 12-month average of 28.58x.
Calculation as of: 2026-10-06T19:43:20.770Z.
Quote observation: 2026-10-06T19:39:12.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 3209c7a0460c98668765ea9b2c42888f9662ee68c83efe1e994f42e5327756f4
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
23.83x
EV/EBITDA RATIO AVG TTM
28.58x
EV/EBITDA RATIO AVG 3Y
N/A
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
-16.63%
CURRENT VS 3Y AVG
N/A
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
15.63x
median of 217 covered companies
CURRENT VS SECTOR MEDIAN
+52.46%
vs the sector median at left
SANUWAVE Health Inc.
Market Cap
$43.92M
EV/EBITDA Ratio
23.83x
TTM Avg
28.58x
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$44.88M
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$44.97M
EV/EBITDA Ratio
N/A
TTM Avg
14.42x
3Y Avg
17.44x
5Y Avg
22.72x
Market Cap
$43.23M
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$42.38M
EV/EBITDA Ratio
N/A
TTM Avg
7.89x
3Y Avg
10.87x
5Y Avg
10.87x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| SANUWAVE Health Inc. (SNWV) | $43.92M | 23.83x | 28.58x | N/A | N/A |
| Werewolf Therapeutics, Inc. (HOWL)vs › | $44.88M | N/A | N/A | N/A | N/A |
| DarioHealth Corp. (DRIO)vs › | $44.97M | N/A | 14.42x | 17.44x | 22.72x |
| Celularity Inc. (CELU)vs › | $45.73M | N/A | N/A | N/A | N/A |
| Rapid Micro Biosystems, Inc. (RPID)vs › | $43.23M | N/A | N/A | N/A | N/A |
| Nano-X Imaging Ltd. (NNOX)vs › | $42.81M | N/A | N/A | N/A | N/A |
| CVRx, Inc. (CVRX)vs › | $42.46M | N/A | N/A | N/A | N/A |
| BioStem Technologies, Inc. (BSEM)vs › | $42.38M | N/A | 7.89x | 10.87x | 10.87x |
| Instil Bio, Inc. (TIL)vs › | $47.41M | N/A | N/A | N/A | N/A |
| Lite Strategy, Inc. (LITS)vs › | $47.47M | N/A | N/A | N/A | N/A |
At 23.8, EV/EBITDA is below its estimated 3-year median — higher than 31% 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
14.1
median
30.7
estimated 3-year high
117.8
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 | 22.32x |
| 2026-10-02 | 22.76x |
| 2026-10-01 | 22.02x |
| 2026-09-30 | 22.36x |
| 2026-09-29 | 22.47x |
| 2026-09-28 | 22.13x |
| 2026-09-25 | 23.58x |
| 2026-09-24 | 22.87x |
| 2026-09-23 | 22.36x |
| 2026-09-22 | 22.10x |
| 2026-09-21 | 21.35x |
| 2026-09-18 | 21.76x |
| 2026-09-17 | 20.20x |
| 2026-09-16 | 20.54x |
| 2026-09-15 | 20.13x |
| 2026-09-14 | 20.65x |
| 2026-09-11 | 20.09x |
| 2026-09-10 | 19.72x |
| 2026-09-09 | 19.87x |
| 2026-09-08 | 20.32x |
| 2026-09-04 | 21.13x |
| 2026-09-03 | 21.39x |
| 2026-09-02 | 21.39x |
| 2026-09-01 | 21.95x |
| 2026-08-31 | 22.28x |
| 2026-08-28 | 22.24x |
| 2026-08-27 | 22.17x |
| 2026-08-26 | 22.95x |
| 2026-08-25 | 22.21x |
| 2026-08-24 | 22.39x |
| 2026-08-21 | 21.98x |
| 2026-08-20 | 23.06x |
| 2026-08-19 | 23.88x |
| 2026-08-18 | 23.54x |
| 2026-08-17 | 23.28x |
| 2026-08-14 | 22.47x |
| 2026-08-13 | 22.58x |
| 2026-08-12 | 24.80x |
| 2026-08-11 | 25.29x |
| 2026-08-10 | 26.14x |
| 2026-08-07 | 26.69x |
| 2026-08-06 | 14.23x |
| 2026-08-05 | 14.17x |
| 2026-08-04 | 14.34x |
| 2026-08-03 | 14.83x |
| 2026-07-31 | 14.56x |
| 2026-07-30 | 14.79x |
| 2026-07-29 | 14.96x |
| 2026-07-28 | 14.92x |
| 2026-07-27 | 14.42x |
| 2026-07-24 | 14.09x |
| 2026-07-23 | 14.07x |
| 2026-07-22 | 14.13x |
| 2026-07-21 | 14.36x |
| 2026-07-20 | 15.00x |
| 2026-07-17 | 14.98x |
| 2026-07-16 | 15.49x |
| 2026-07-15 | 16.69x |
| 2026-07-14 | 25.80x |
| 2026-07-13 | 24.44x |
| 2026-07-10 | 25.26x |
| 2026-07-09 | 26.07x |
| 2026-07-08 | 22.19x |
| 2026-07-07 | 23.59x |
| 2026-07-06 | 22.96x |
| 2026-07-02 | 23.22x |
| 2026-07-01 | 23.16x |
| 2026-06-30 | 21.99x |
| 2026-06-29 | 21.70x |
| 2026-06-26 | 19.29x |
| 2026-06-25 | 17.39x |
| 2026-06-24 | 19.22x |
| 2026-06-23 | 18.50x |
| 2026-06-22 | 20.07x |
| 2026-06-18 | 20.46x |
| 2026-06-17 | 20.23x |
| 2026-06-16 | 19.10x |
| 2026-06-15 | 31.06x |
| 2026-06-12 | 31.53x |
| 2026-06-11 | 31.10x |
| 2026-06-10 | 30.50x |
| 2026-06-09 | 30.77x |
| 2026-06-08 | 30.83x |
| 2026-06-05 | 31.24x |
| 2026-06-04 | 32.46x |
| 2026-06-03 | 32.87x |
| 2026-06-02 | 31.88x |
| 2026-06-01 | 33.35x |
| 2026-05-29 | 34.56x |
| 2026-05-28 | 34.93x |
| 2026-05-27 | 34.25x |
| 2026-05-26 | 34.15x |
| 2026-05-22 | 34.98x |
| 2026-05-21 | 35.59x |
| 2026-05-20 | 35.10x |
| 2026-05-19 | 34.98x |
| 2026-05-18 | 35.31x |
| 2026-05-15 | 35.29x |
| 2026-05-14 | 35.72x |
| 2026-05-13 | 39.35x |
| 2026-05-12 | 24.12x |
| 2026-05-11 | 24.07x |
| 2026-05-08 | 23.46x |
| 2026-05-07 | 24.97x |
| 2026-05-06 | 23.95x |
| 2026-05-05 | 23.56x |
| 2026-05-04 | 23.56x |
| 2026-05-01 | 23.69x |
| 2026-04-30 | 24.58x |
| 2026-04-29 | 24.92x |
| 2026-04-28 | 27.44x |
| 2026-04-27 | 27.51x |
| 2026-04-24 | 27.84x |
| 2026-04-23 | 28.41x |
| 2026-04-22 | 29.04x |
| 2026-04-21 | 28.76x |
| 2026-04-20 | 29.57x |
| 2026-04-17 | 30.51x |
| 2026-04-16 | 26.89x |
| 2026-04-15 | 27.24x |
| 2026-04-14 | 26.18x |
| 2026-04-13 | 25.79x |
| 2026-04-10 | 25.24x |
| 2026-04-09 | 27.09x |
| 2026-04-08 | 26.30x |
| 2026-04-07 | 24.83x |
| 2026-04-06 | 25.62x |
| 2026-04-02 | 25.32x |
| 2026-04-01 | 25.25x |
| 2026-03-31 | 25.87x |
| 2026-03-30 | 26.01x |
| 2026-03-27 | 27.72x |
| 2026-03-26 | 22.93x |
| 2026-03-25 | 24.14x |
| 2026-03-24 | 24.42x |
| 2026-03-23 | 24.76x |
| 2026-03-20 | 24.44x |
| 2026-03-19 | 24.80x |
| 2026-03-18 | 25.41x |
| 2026-03-17 | 26.45x |
| 2026-03-16 | 26.68x |
| 2026-03-13 | 25.92x |
| 2026-03-12 | 25.77x |
| 2026-03-11 | 26.71x |
| 2026-03-10 | 26.96x |
| 2026-03-09 | 26.98x |
| 2026-03-06 | 27.76x |
| 2026-03-05 | 27.75x |
| 2026-03-04 | 29.43x |
| 2026-03-03 | 28.28x |
| 2026-03-02 | 28.76x |
| 2026-02-27 | 29.06x |
| 2026-02-26 | 29.90x |
| 2026-02-25 | 28.72x |
| 2026-02-24 | 28.38x |
| 2026-02-23 | 28.65x |
| 2026-02-20 | 28.97x |
| 2026-02-19 | 29.52x |
| 2026-02-18 | 28.85x |
| 2026-02-17 | 28.60x |
| 2026-02-13 | 29.69x |
| 2026-02-12 | 29.19x |
| 2026-02-11 | 29.48x |
| 2026-02-10 | 30.71x |
| 2026-02-09 | 30.52x |
| 2026-02-06 | 30.74x |
| 2026-02-05 | 30.44x |
| 2026-02-04 | 30.68x |
| 2026-02-03 | 31.10x |
| 2026-02-02 | 31.65x |
| 2026-01-30 | 32.01x |
| 2026-01-29 | 31.69x |
| 2026-01-28 | 31.41x |
| 2026-01-27 | 31.72x |
| 2026-01-26 | 32.24x |
| 2026-01-23 | 31.59x |
| 2026-01-22 | 32.44x |
| 2026-01-21 | 32.58x |
| 2026-01-20 | 32.74x |
| 2026-01-16 | 32.14x |
| 2026-01-15 | 32.89x |
| 2026-01-14 | 33.25x |
| 2026-01-13 | 33.81x |
| 2026-01-12 | 34.70x |
| 2026-01-09 | 36.51x |
| 2026-01-08 | 36.08x |
| 2026-01-07 | 35.70x |
| 2026-01-06 | 35.79x |
| 2026-01-05 | 34.51x |
| 2026-01-02 | 34.17x |
| 2025-12-31 | 35.23x |
| 2025-12-30 | 35.34x |
| 2025-12-29 | 35.39x |
| 2025-12-26 | 35.96x |
| 2025-12-24 | 36.16x |
| 2025-12-23 | 35.70x |
| 2025-12-22 | 36.55x |
| 2025-12-19 | 37.93x |
| 2025-12-18 | 38.58x |
| 2025-12-17 | 37.77x |
| 2025-12-16 | 37.05x |
| 2025-12-15 | 37.25x |
| 2025-12-12 | 37.10x |
| 2025-12-11 | 37.09x |
| 2025-12-10 | 35.28x |
| 2025-12-09 | 34.83x |
| 2025-12-08 | 35.28x |
| 2025-12-05 | 38.44x |
| 2025-12-04 | 39.78x |
| 2025-12-03 | 39.86x |
| 2025-12-02 | 38.47x |
| 2025-12-01 | 39.85x |
| 2025-11-28 | 39.80x |
| 2025-11-26 | 40.32x |
| 2025-11-25 | 41.04x |
| 2025-11-24 | 39.63x |
| 2025-11-21 | 39.02x |
| 2025-11-20 | 37.72x |
| 2025-11-19 | 37.81x |
| 2025-11-18 | 38.74x |
| 2025-11-17 | 38.39x |
| 2025-11-14 | 38.74x |
| 2025-11-13 | 39.40x |
| 2025-11-12 | 39.16x |
| 2025-11-11 | 41.39x |
| 2025-11-10 | 40.18x |
| 2025-11-07 | 36.62x |
| 2025-11-06 | 30.50x |
| 2025-11-05 | 30.93x |
| 2025-11-04 | 31.67x |
| 2025-11-03 | 31.58x |
| 2025-10-31 | 33.21x |
| 2025-10-30 | 32.22x |
| 2025-10-29 | 34.81x |
| 2025-10-28 | 35.45x |
| 2025-10-27 | 35.43x |
| 2025-10-24 | 35.38x |
| 2025-10-23 | 35.80x |
| 2025-10-22 | 36.10x |
| 2025-10-21 | 34.64x |
| 2025-10-20 | 35.73x |
| 2025-10-17 | 38.54x |
| 2025-10-16 | 39.68x |
| 2025-10-15 | 37.87x |
| 2025-10-14 | 35.91x |
| 2025-10-13 | 37.92x |
| 2025-10-10 | 36.76x |
| 2025-10-09 | 36.70x |
| 2025-10-08 | 35.76x |
| 2025-10-07 | 36.49x |
| 2025-10-06 | 45.91x |
| 2025-10-03 | 42.28x |
| 2025-10-02 | 41.36x |
| 2025-10-01 | 42.28x |
| 2025-09-30 | 42.34x |
| 2025-09-29 | 39.26x |
| 2025-09-26 | 39.04x |
| 2025-09-25 | 39.50x |
| 2025-09-24 | 40.67x |
| 2025-09-23 | 38.86x |
Showing the most recent 260 of 636 data points. The chart above shows the full history.
