Basis: Latest stored market observation. 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 23.74x is 14% above its 5-year average of 20.76x, near the high end of its 5-year range (16.48x–25.59x).
As of Sunday, July 26, 2026. 10.83% above its 12-month average of 21.42x.
EV/EBITDA RATIO
23.74x
EV/EBITDA RATIO AVG TTM
21.42x
EV/EBITDA RATIO AVG 3Y
21.59x
EV/EBITDA RATIO AVG 5Y
20.76x
EV/EBITDA RATIO AVG 10Y
20.49x
EV/EBITDA RATIO AVG 15Y
18.87x
EV/EBITDA RATIO AVG 20Y
17.54x
CURRENT VS TTM AVG
+10.83%
CURRENT VS 3Y AVG
+9.98%
CURRENT VS 5Y AVG
+14.33%
CURRENT VS 10Y AVG
+15.87%
CURRENT VS 15Y AVG
+25.79%
CURRENT VS 20Y AVG
+35.36%
SECTOR MEDIAN · HEALTHCARE
16.59x
median of 72 covered companies
CURRENT VS SECTOR MEDIAN
+43.06%
vs the sector median at left
Thermo Fisher Scientific Inc.
Market Cap
$211.18B
EV/EBITDA Ratio
23.74x
TTM Avg
21.42x
3Y Avg
21.59x
5Y Avg
20.76x
Market Cap
$179.58B
EV/EBITDA Ratio
17.55x
TTM Avg
19.78x
3Y Avg
20.69x
5Y Avg
19.32x
Market Cap
$160.55B
EV/EBITDA Ratio
12.51x
TTM Avg
13.95x
3Y Avg
18.46x
5Y Avg
15.54x
Market Cap
$137.47B
EV/EBITDA Ratio
19.61x
TTM Avg
16.94x
3Y Avg
12.58x
5Y Avg
12.39x
Market Cap
$134.62B
EV/EBITDA Ratio
24.02x
TTM Avg
21.17x
3Y Avg
23.17x
5Y Avg
21.68x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Thermo Fisher Scientific Inc. (TMO) | $211.18B | 23.74x | 21.42x | 21.59x | 20.76x |
| Novo Nordisk A/S (NVO)vs › | $216.72B | 8.90x | 9.78x | 21.06x | 22.71x |
| Amgen Inc. (AMGN)vs › | $202.95B | 14.98x | 15.23x | 16.13x | 15.07x |
| Abbott Laboratories (ABT)vs › | $179.58B | 17.55x | 19.78x | 20.69x | 19.32x |
| Gilead Sciences, Inc. (GILD)vs › | $160.55B | 12.51x | 13.95x | 18.46x | 15.54x |
| Pfizer Inc. (PFE)vs › | $139.86B | 9.68x | 8.94x | 13.03x | 11.94x |
| CVS Health Corp. (CVS)vs › | $137.47B | 19.61x | 16.94x | 12.58x | 12.39x |
| Danaher Corporation (DHR)vs › | $134.62B | 24.02x | 21.17x | 23.17x | 21.68x |
| AstraZeneca PLC (AZN)vs › | $131.16B | 7.87x | 9.03x | 9.38x | 11.43x |
| Bristol-Myers Squibb Company (BMY)vs › | $126.79B | 10.28x | 8.33x | 8.09x | 8.78x |
At 23.7, EV/EBITDA is richer than usual, sitting higher than 91% of its 20-year history.
20-year low
6.8
median
18.3
20-year high
53.1
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 |
|---|---|
| 2026-07-24 | 23.74x |
| 2026-07-23 | 23.89x |
| 2026-07-22 | 22.44x |
| 2026-07-21 | 22.33x |
| 2026-07-20 | 22.43x |
| 2026-07-17 | 22.65x |
| 2026-07-16 | 23.03x |
| 2026-07-15 | 22.75x |
| 2026-07-14 | 22.71x |
| 2026-07-13 | 22.51x |
| 2026-07-10 | 22.46x |
| 2026-07-09 | 22.38x |
| 2026-07-08 | 21.86x |
| 2026-07-07 | 22.09x |
| 2026-07-06 | 22.12x |
| 2026-07-02 | 22.33x |
| 2026-07-01 | 21.97x |
| 2026-06-30 | 21.55x |
| 2026-06-29 | 21.73x |
| 2026-06-26 | 21.96x |
| 2026-06-25 | 21.70x |
| 2026-06-24 | 21.22x |
| 2026-06-23 | 20.42x |
| 2026-06-22 | 20.23x |
| 2026-06-18 | 20.25x |
| 2026-06-17 | 20.14x |
| 2026-06-16 | 20.53x |
| 2026-06-15 | 20.57x |
| 2026-06-12 | 20.42x |
| 2026-06-11 | 20.64x |
| 2026-06-10 | 20.86x |
| 2026-06-09 | 21.29x |
| 2026-06-08 | 20.43x |
| 2026-06-05 | 20.54x |
| 2026-06-04 | 20.86x |
| 2026-06-03 | 20.58x |
| 2026-06-02 | 20.87x |
| 2026-06-01 | 21.29x |
| 2026-05-29 | 21.24x |
| 2026-05-28 | 21.05x |
| 2026-05-27 | 19.95x |
| 2026-05-26 | 19.67x |
| 2026-05-22 | 19.67x |
| 2026-05-21 | 19.71x |
| 2026-05-20 | 19.79x |
| 2026-05-19 | 19.65x |
| 2026-05-18 | 19.45x |
| 2026-05-15 | 19.32x |
| 2026-05-14 | 19.67x |
| 2026-05-13 | 19.59x |
| 2026-05-12 | 20.06x |
| 2026-05-11 | 19.82x |
| 2026-05-08 | 20.26x |
| 2026-05-07 | 20.60x |
| 2026-05-06 | 20.54x |
| 2026-05-05 | 20.32x |
| 2026-05-04 | 20.18x |
| 2026-05-01 | 20.41x |
| 2026-04-30 | 19.62x |
| 2026-04-29 | 19.18x |
| 2026-04-28 | 19.32x |
| 2026-04-27 | 19.24x |
| 2026-04-24 | 19.30x |
| 2026-04-23 | 19.19x |
| 2026-04-22 | 20.85x |
| 2026-04-21 | 21.22x |
| 2026-04-20 | 21.27x |
| 2026-04-17 | 21.29x |
| 2026-04-16 | 20.92x |
| 2026-04-15 | 21.47x |
| 2026-04-14 | 21.31x |
| 2026-04-13 | 20.86x |
| 2026-04-10 | 20.22x |
| 2026-04-09 | 20.37x |
| 2026-04-08 | 20.48x |
| 2026-04-07 | 19.99x |
| 2026-04-06 | 19.94x |
| 2026-04-02 | 20.06x |
| 2026-04-01 | 20.17x |
| 2026-03-31 | 20.06x |
| 2026-03-30 | 19.66x |
| 2026-03-27 | 19.43x |
| 2026-03-26 | 19.97x |
| 2026-03-25 | 20.04x |
| 2026-03-24 | 20.02x |
| 2026-03-23 | 19.59x |
| 2026-03-20 | 19.46x |
| 2026-03-19 | 19.32x |
| 2026-03-18 | 19.12x |
| 2026-03-17 | 19.40x |
| 2026-03-16 | 19.31x |
| 2026-03-13 | 19.11x |
| 2026-03-12 | 19.51x |
| 2026-03-11 | 20.21x |
| 2026-03-10 | 20.36x |
| 2026-03-09 | 20.71x |
| 2026-03-06 | 20.43x |
| 2026-03-05 | 21.02x |
| 2026-03-04 | 20.80x |
| 2026-03-03 | 20.64x |
| 2026-03-02 | 20.66x |
| 2026-02-27 | 21.10x |
| 2026-02-26 | 21.06x |
| 2026-02-25 | 21.17x |
| 2026-02-24 | 21.24x |
| 2026-02-23 | 21.27x |
| 2026-02-20 | 21.07x |
| 2026-02-19 | 21.22x |
| 2026-02-18 | 21.17x |
| 2026-02-17 | 20.75x |
| 2026-02-13 | 20.86x |
| 2026-02-12 | 21.04x |
| 2026-02-11 | 21.65x |
| 2026-02-10 | 22.09x |
| 2026-02-09 | 22.33x |
| 2026-02-06 | 22.20x |
| 2026-02-05 | 22.18x |
| 2026-02-04 | 22.98x |
| 2026-02-03 | 23.15x |
| 2026-02-02 | 23.56x |
| 2026-01-30 | 23.45x |
| 2026-01-29 | 23.93x |
| 2026-01-28 | 24.48x |
| 2026-01-27 | 25.04x |
| 2026-01-26 | 25.14x |
| 2026-01-23 | 25.12x |
| 2026-01-22 | 25.59x |
| 2026-01-21 | 25.48x |
| 2026-01-20 | 24.87x |
| 2026-01-16 | 24.86x |
| 2026-01-15 | 25.07x |
| 2026-01-14 | 24.97x |
| 2026-01-13 | 24.45x |
| 2026-01-12 | 24.75x |
| 2026-01-09 | 24.87x |
| 2026-01-08 | 24.43x |
| 2026-01-07 | 24.81x |
| 2026-01-06 | 24.93x |
| 2026-01-05 | 24.60x |
| 2026-01-02 | 23.94x |
| 2025-12-31 | 23.48x |
| 2025-12-30 | 23.62x |
| 2025-12-29 | 23.68x |
| 2025-12-26 | 23.53x |
| 2025-12-24 | 23.47x |
| 2025-12-23 | 23.50x |
| 2025-12-22 | 23.35x |
| 2025-12-19 | 23.07x |
| 2025-12-18 | 22.88x |
| 2025-12-17 | 22.89x |
| 2025-12-16 | 23.16x |
| 2025-12-15 | 23.36x |
| 2025-12-12 | 23.23x |
| 2025-12-11 | 23.46x |
| 2025-12-10 | 23.28x |
| 2025-12-09 | 22.91x |
| 2025-12-08 | 23.09x |
| 2025-12-05 | 23.25x |
| 2025-12-04 | 23.33x |
| 2025-12-03 | 23.52x |
| 2025-12-02 | 23.51x |
| 2025-12-01 | 23.68x |
| 2025-11-28 | 23.88x |
| 2025-11-26 | 23.97x |
| 2025-11-25 | 24.13x |
| 2025-11-24 | 23.71x |
| 2025-11-21 | 23.76x |
| 2025-11-20 | 23.25x |
| 2025-11-19 | 23.28x |
| 2025-11-18 | 23.36x |
| 2025-11-17 | 23.05x |
| 2025-11-14 | 23.46x |
| 2025-11-13 | 23.51x |
| 2025-11-12 | 23.78x |
| 2025-11-11 | 23.73x |
| 2025-11-10 | 23.37x |
| 2025-11-07 | 23.23x |
| 2025-11-06 | 23.01x |
| 2025-11-05 | 23.07x |
| 2025-11-04 | 22.98x |
| 2025-11-03 | 22.97x |
| 2025-10-31 | 23.06x |
| 2025-10-30 | 22.28x |
| 2025-10-29 | 22.35x |
| 2025-10-28 | 22.33x |
| 2025-10-27 | 22.54x |
| 2025-10-24 | 22.85x |
| 2025-10-23 | 22.83x |
| 2025-10-22 | 22.66x |
| 2025-10-21 | 22.34x |
| 2025-10-20 | 21.85x |
| 2025-10-17 | 21.67x |
| 2025-10-16 | 21.60x |
| 2025-10-15 | 21.29x |
| 2025-10-14 | 21.22x |
| 2025-10-13 | 21.17x |
| 2025-10-10 | 21.18x |
| 2025-10-09 | 21.53x |
| 2025-10-08 | 21.58x |
| 2025-10-07 | 21.68x |
| 2025-10-06 | 21.85x |
| 2025-10-03 | 21.83x |
| 2025-10-02 | 21.19x |
| 2025-10-01 | 21.39x |
| 2025-09-30 | 19.79x |
| 2025-09-29 | 18.99x |
| 2025-09-26 | 19.06x |
| 2025-09-25 | 18.89x |
| 2025-09-24 | 19.19x |
| 2025-09-23 | 19.26x |
| 2025-09-22 | 19.44x |
| 2025-09-19 | 19.60x |
| 2025-09-18 | 19.65x |
| 2025-09-17 | 19.36x |
| 2025-09-16 | 19.64x |
| 2025-09-15 | 19.42x |
| 2025-09-12 | 19.60x |
| 2025-09-11 | 20.01x |
| 2025-09-10 | 19.49x |
| 2025-09-09 | 19.70x |
| 2025-09-08 | 19.88x |
| 2025-09-05 | 20.05x |
| 2025-09-04 | 19.95x |
| 2025-09-03 | 19.77x |
| 2025-09-02 | 19.88x |
| 2025-08-29 | 20.06x |
| 2025-08-28 | 19.95x |
| 2025-08-27 | 19.90x |
| 2025-08-26 | 19.91x |
| 2025-08-25 | 19.99x |
| 2025-08-22 | 20.31x |
| 2025-08-21 | 19.75x |
| 2025-08-20 | 20.13x |
| 2025-08-19 | 20.25x |
| 2025-08-18 | 19.88x |
| 2025-08-15 | 19.93x |
| 2025-08-14 | 19.79x |
| 2025-08-13 | 19.78x |
| 2025-08-12 | 19.52x |
| 2025-08-11 | 19.00x |
| 2025-08-08 | 18.94x |
| 2025-08-07 | 18.73x |
| 2025-08-06 | 18.53x |
| 2025-08-05 | 19.14x |
| 2025-08-04 | 19.14x |
| 2025-08-01 | 19.02x |
| 2025-07-31 | 19.27x |
| 2025-07-30 | 19.61x |
| 2025-07-29 | 19.78x |
| 2025-07-28 | 19.88x |
| 2025-07-25 | 19.64x |
| 2025-07-24 | 19.53x |
| 2025-07-23 | 19.23x |
| 2025-07-22 | 17.86x |
| 2025-07-21 | 17.06x |
| 2025-07-18 | 17.40x |
| 2025-07-17 | 17.76x |
| 2025-07-16 | 17.46x |
| 2025-07-15 | 17.52x |
| 2025-07-14 | 17.78x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
