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Public Comps and Valuation Multiples
for Biopharmaceuticals

Benchmark revenue and EBITDA valuation multiples for public comps like Novartis, Novo Nordisk, Merck & Co, Pfizer and Amgen.

Biopharmaceuticals

See analyst estimates and all valuation multiples for Biopharmaceuticals
Company EV EV/Revenue EV/EBITDA
$705B 14.0x 36.0x
$397B 6.9x 15.3x
$371B 4.1x 11.5x
$305B 6.6x 13.4x
$272B 3.7x 9.3x
$238B 4.3x 10.6x
$238B 4.1x 12.1x
$218B 3.4x 8.0x
$194B 5.7x 10.0x
$174B 2.8x 7.1x
$143B 5.0x 11.8x
$140B 2.8x 9.5x
$134B 2.8x 12.5x
$106B 9.4x 42.3x
$91.9B 2.2x 6.3x
$85.2B 5.5x 16.6x
$78.5B 9.6x 19.4x
$76.4B 8.2x 19.2x
$72.8B 2.3x 8.9x
$69.7B 2.9x 10.1x
$63.3B 1.2x 5.7x
$53.8B 6.4x 22.7x
$45.6B 7.3x 25.4x
$41.8B 10.4x 40.9x
$40.8B 3.1x 15.9x
$35.4B 2.1x 7.2x
$24.8B 8.9x 28.2x
$23.8B 1.7x 5.4x
$23.7B 1.5x 6.4x
$23.2B 2.1x 10.4x
$22.1B 2.2x 6.5x
$22.1B 2.3x 6.7x
$21.1B 1.6x 8.4x
$19.6B 6.9x 7.4x
$16.5B 2.0x 8.1x
$14.7B 23.7x 45.6x
$14.3B 5.2x 14.0x
$13.9B 7.9x 21.2x
$13.4B 4.1x 16.1x
$13.1B 149.3x 309.1x
$13.0B 9.5x 29.1x
$12.3B 2.2x 15.7x
$12.0B 4.3x 11.9x
$11.8B 8.0x 30.4x
$11.6B 3.0x 11.3x
$11.1B 4.5x 17.0x
$11.0B 4.1x 17.6x
$10.8B 1.9x 10.8x
$10.6B 1.7x 5.4x
$10.3B 3.8x 12.9x
$9.8B 6.9x 268.3x
$9.8B 36.7x -317.7x
$9.6B 3.1x 7.5x
$9.4B 2.4x 6.6x
$9.3B 1.6x 12.4x
$8.9B 23.9x -528.5x
$8.8B 5.0x 14.9x
$8.8B 2.9x 7.1x
$8.7B 2.6x 7.4x
$8.4B 2.3x 10.6x
$8.1B 2.0x 8.6x
$7.4B 0.2x 3.4x
$7.4B 9.7x 36.6x
$7.3B 1.4x 11.0x
$7.0B 1.7x 7.1x
$6.9B 6.3x 10.0x
$6.8B 2.1x 7.9x
$6.8B 4.4x 22.2x
$6.7B 1.7x 8.9x
$6.5B 15.0x 20.2x
$6.5B 1.9x 8.2x
$6.2B n/a n/a
$6.2B n/a n/a
$6.2B 3.4x 16.3x
$5.8B 3.8x 56.7x
$5.7B 4.6x 13.4x
$5.6B 2.6x 9.4x
$5.3B 11.9x 39.0x
$5.2B 8.1x 27.9x
$5.1B 2.0x 5.5x
$5.0B 5.7x 14.7x
$4.9B 2.6x 11.5x
$4.9B 1.7x 7.6x
$4.8B 12.2x 53.2x
$4.8B 10.4x 24.9x
$4.6B 2.9x 16.1x
$4.6B 6.0x 20.7x
$4.6B 1.9x 8.5x
$4.6B 1.4x 6.0x
$4.4B 8.0x 27.8x
$4.3B 2.9x 11.1x
$4.0B 9.2x 24.5x
$4.0B 2.9x 10.4x
$3.9B 8.0x 32.5x
$3.8B 6.0x 14.6x
$3.7B 1.9x 12.4x
$3.7B n/a n/a
$3.6B 4.5x 28.5x
$3.6B 13.5x -27.9x
$3.6B n/a n/a
$3.5B n/a n/a
$3.4B 11.2x -29.0x
$3.4B 2.5x 9.4x
$3.3B 7.2x 23.3x
$3.3B 8.9x 27.0x
$3.3B 36.6x -1377.3x
$3.2B 2.4x 7.0x
$3.2B 3.8x 14.2x
$3.2B n/a n/a
$3.1B 1.9x 9.5x
$3.0B 3.7x 19.9x
$2.9B n/a n/a
$2.8B 4.1x 15.8x
$2.7B 2.5x 11.9x
$2.7B n/a n/a
$2.6B 268.3x -10.2x
$2.5B 6.9x 42.9x
$2.5B 2.2x 10.9x
$2.4B 4.1x 15.3x
$2.4B n/a n/a
$2.4B 8.3x 16.5x
$2.3B 5.9x 13.7x
$2.2B 2.9x 16.6x
$2.2B 3.4x 8.4x
$2.1B 18.7x -30.5x
$2.1B 2.9x 15.5x
$2.1B 5.4x 15.0x
$2.1B 38.7x -138.9x
$1.9B 6.7x -12.2x
$1.8B 2.7x 10.7x
$1.8B 297.6x n/a
$1.8B 13.0x 31.5x
$1.8B 4.6x 13.0x
$1.8B 12.6x -19.8x
$1.7B 10.9x -25.8x
$1.7B 2.5x -72.3x
$1.6B 3.3x -261.1x
$1.6B 3.9x 19.5x
$1.6B 2.4x 3.9x
$1.6B 6.5x -15.1x
$1.5B 2.1x 5.5x
$1.5B 3.9x 15.7x
$1.5B 19.5x 49.7x
$1.4B 2.5x 9.8x
$1.4B 5.4x -16.3x
$1.4B 1.2x 4.7x
$1.4B 0.6x 3.8x
$1.4B 2.1x 8.0x
$1.3B 6.5x 38.0x
$1.3B 1.4x 5.8x
$1.3B 35.9x n/a
$1.3B 9.4x n/a
$1.3B 11.4x -24.7x
$1.2B 2.6x 18.8x
$1.2B n/a n/a
$1.2B 90.0x n/a
$1.2B 0.5x n/a
$1.2B 21.5x -12.4x
$1.2B 3.2x n/a
$1.1B 2.9x 12.6x
$1.1B 4.9x 20.7x
$1.1B n/a n/a
$1.1B 1.6x -7.2x
$1.0B n/a n/a
$1.0B n/a n/a
$995M 4.5x 76.3x
$992M 19.6x n/a
$965M 9.4x 284.7x
$941M 5.2x 20.4x
$941M n/a -5.8x
$941M n/a n/a
$904M 9.3x 17.7x
$894M n/a n/a
$863M 3.3x 5.5x
$863M 7.8x 11.8x
$858M n/a n/a
$836M 0.9x 4.9x
$822M 3.4x n/a
$810M 4.0x 362.8x
$789M n/a n/a
$788M 4.5x 21.9x
$787M n/a -4.1x
$780M 2.6x 19.9x
$765M 8.4x -5.5x
$759M 1.2x 6.4x
$758M n/a -9.2x
$752M 2.2x -47.3x
$735M n/a -3.5x
$731M n/a n/a
$725M 6.7x 31.8x
$708M 843.2x -7.3x
$691M 263524.7x -6.0x
$691M n/a n/a
$683M 2.2x -379.6x
$679M 1.5x 7.1x
$672M 1.8x 13.2x
$664M 31.5x -245.7x
$626M n/a n/a
$624M 2.5x 10.6x
$622M 244.3x -9.3x
$601M 6.2x 26.8x
$601M 1.9x 5.9x
$590M 3.4x n/a
$570M n/a n/a
$564M n/a -3.3x
$562M 6.6x -4.4x
$537M n/a -1.5x
$516M n/a n/a
$499M 2979.6x -3.2x
$494M n/a n/a
$493M 457.5x -24.3x
$492M 23.3x 172.3x
$489M 78.8x n/a
$483M 7.8x 31.8x
$482M 4.9x 14.1x
$464M 47.0x -15.5x
$461M n/a n/a
$452M 34.0x -4.2x
$450M n/a n/a
$448M n/a -2.1x
$448M 6.3x -24.0x
$433M 74.2x -1.9x
$432M n/a -4.9x
$429M 46.9x -11.5x
$427M 1.3x 5.7x
$391M n/a -1.7x
$378M 3.4x -42.0x
$363M 9.4x -27.9x
$362M 6.4x -1.0x
$354M 3.5x -3.5x
$350M 33.1x -2.0x
$343M n/a n/a
$338M 1.0x 9.0x
$332M 62.2x n/a
$330M 4.3x 16.4x
$330M 1.9x 9.0x
$324M 1.2x 8.2x
$322M 5.7x 22.7x
$321M n/a n/a
$316M 0.8x 7.1x
$313M 22021.7x -2.9x
$296M 1.9x 8.4x
$295M 29.1x n/a
$291M n/a -2.7x
$288M 7.3x 33.7x
$274M n/a n/a
$273M n/a n/a
$273M 3.8x -3.5x
$272M n/a -2.1x
$271M n/a n/a
$263M 2.0x 4.0x
$262M 2.4x -26.5x
$260M n/a n/a
$249M 11.0x -4.4x
$247M n/a n/a
$230M 3.6x 7.0x
$225M n/a n/a
$222M 2.4x -1.0x
$222M 1.3x -2.0x
$222M n/a -2.2x
$220M n/a n/a
$218M n/a -1.9x
$205M 3.1x n/a
$205M 3.9x -7.9x
$197M 2.1x 6.7x
$185M 10.8x 20.6x
$180M n/a n/a
$177M n/a -1.2x
$175M 1.6x -0.9x
$175M 1.4x 14.7x
$175M n/a n/a
$173M n/a n/a
$172M 1.2x -0.9x
$170M 47.6x -4.6x
$169M 31.9x -3.8x
$168M 19.8x -6.9x
$164M 3.4x 13.5x
$152M 3.4x 27.8x
$151M n/a n/a
$150M 6.0x -3.5x
$150M 61.3x n/a
$149M 24.0x -3.1x
$148M 55.7x -0.7x
$147M 1.1x -1.4x
$147M n/a n/a
$147M n/a -4.5x
$146M n/a n/a
$132M n/a n/a
$130M n/a -0.7x
$128M n/a n/a
$122M 1.4x -3.6x
$119M 6.2x 19.5x
$117M 17.1x -3.6x
$114M 276.2x -8.1x
$106M n/a n/a
$104M 7.7x n/a
$103M 1.8x 11.2x
$102M 1.6x n/a
$99.2M 4.3x -0.6x
$98.9M n/a n/a
$93.9M n/a n/a
$91.8M 23.2x -2.8x
$91.6M 3.2x 13.3x
$87.6M 1.5x 18.3x
$87.1M n/a -0.9x
$86.1M n/a -3.2x
$82.1M n/a n/a
$81.3M n/a -1.0x
$80.3M 17.1x n/a
$71.2M n/a n/a
$69.1M n/a n/a
$66.5M n/a n/a
$62.1M n/a n/a
$61.2M 0.8x 7.3x
$59.0M n/a n/a
$56.1M n/a n/a
$54.1M 13.8x -39.6x
$49.1M 1.4x -14.7x
$48.3M 2.1x -0.4x
$46.5M 13.9x -5.7x
$45.2M 8.6x -4.6x
$45.1M 9.3x -1.8x
$41.1M n/a -1.9x
$40.3M n/a n/a
$39.8M n/a n/a
$38.9M 7.4x -1.4x
$38.3M n/a n/a
$38.1M n/a n/a
$37.8M n/a n/a
$36.7M 72.6x -2.1x
$35.6M 17.0x -0.3x
$34.7M 1.4x -0.3x
$33.3M 10.4x -8.9x
$33.3M n/a n/a
$33.1M 2.3x -19.4x
$32.6M 1.3x 8.1x
$32.5M n/a -5.8x
$31.8M n/a n/a
$30.7M n/a n/a
$30.7M n/a n/a
$30.5M 7.6x -0.2x
$30.5M n/a n/a
$28.9M n/a -0.3x
$28.9M 5.1x 12.8x
$27.7M n/a n/a
$27.7M 6.2x n/a
$27.1M n/a n/a
$25.9M n/a n/a
$25.3M 37.4x -3.2x
$24.6M n/a n/a
$24.4M 15.3x -35.5x
$24.2M n/a n/a
$23.7M n/a -2.3x
$22.5M n/a n/a
$21.7M n/a n/a
$21.5M n/a -13.1x
$21.2M n/a n/a
$20.7M 27.3x -25.7x
$20.6M n/a n/a
$18.7M n/a n/a
$18.4M 70.2x -10.3x
$17.6M 4.7x -1.8x
$16.9M n/a n/a
$16.7M n/a n/a
$16.2M n/a n/a
$16.1M n/a n/a
$16.0M 15.6x -9.5x
$16.0M n/a n/a
$15.7M 12.2x -24.8x
$15.6M 36.2x -1.4x
$15.4M n/a n/a
$15.3M 10.9x -13.2x
$15.2M 4.4x n/a
$14.7M n/a n/a
$12.9M 2.1x 6.4x
$12.6M n/a n/a
$12.5M n/a n/a
$12.3M n/a n/a
$11.1M n/a n/a
$10.9M n/a n/a
$10.3M n/a -3.1x
$9.1M 3.2x -2.4x
$8.7M 3.9x -0.4x
$8.4M n/a n/a
$8.4M n/a -2.7x
$8.1M 1.1x -0.6x
$7.8M n/a n/a
$7.6M n/a n/a
$7.4M n/a n/a
$7.3M n/a n/a
$7.2M n/a n/a
$6.9M n/a n/a
$6.8M 0.3x -0.3x
$6.8M n/a n/a
$6.7M n/a n/a
$6.6M n/a n/a
$6.6M 5.1x -2.8x
$6.1M n/a -2.8x
$6.0M 1.7x -2.8x
$5.8M n/a n/a
$5.7M n/a n/a
$5.5M 1.0x -1.8x
$5.3M 4.1x -1.3x
$5.1M n/a n/a
$5.0M n/a n/a
$4.8M n/a n/a
$4.8M 2.7x n/a
$4.8M 5.0x -0.4x
$4.6M n/a n/a
$4.6M n/a -1.2x
$4.6M n/a n/a
$4.6M n/a n/a
$4.6M n/a n/a
$4.3M n/a -0.4x
$4.2M n/a n/a
$4.2M n/a -2.1x
$4.1M n/a n/a
$3.9M n/a n/a
$3.8M n/a n/a
$3.6M n/a n/a
$3.6M n/a n/a
$3.5M 16.8x -1.1x
$3.4M n/a -2.4x
$3.3M n/a n/a
$2.6M n/a n/a
$1.9M 0.0x -0.0x
$1.9M n/a -7.6x
$1.8M n/a n/a
$1.5M n/a n/a
$1.4M n/a n/a
$1.2M n/a n/a
$1.1M n/a n/a
$1.0M 0.0x -0.0x
$0.9M 1.0x -0.3x
$0.8M 0.0x n/a
$0.7M n/a n/a
$0.6M 0.1x 1.2x
$0.5M n/a n/a
$0.2M n/a n/a
-$0.2M n/a n/a
-$0.5M n/a n/a
-$0.8M n/a n/a
-$1.4M n/a n/a
-$2.6M n/a n/a
-$3.0M -3.6x n/a
-$6.6M n/a n/a
-$6.9M -214.8x 0.6x
-$7.4M n/a 0.1x
-$9.1M n/a n/a
-$10.7M -1.1x n/a
-$11.4M -5.6x 0.6x
-$14.3M -4.8x 0.2x
-$14.7M -22.7x 0.2x
-$14.9M -6.1x n/a
-$19.0M -0.1x 0.1x
-$20.5M n/a n/a
-$21.7M -2.7x 0.5x
-$25.5M -6.6x 0.4x
-$25.9M -32.0x 0.3x
-$31.3M n/a n/a
-$36.2M n/a 0.8x
-$37.8M n/a n/a
-$50.5M -5.3x n/a
-$57.9M -98.8x n/a
-$61.2M -0.3x 0.8x
-$64.6M n/a n/a
-$69.5M -16.8x 0.5x
-$70.1M -1.9x n/a
-$79.8M n/a 0.7x
-$91.0M n/a 0.5x
-$99.9M -45.4x 1.8x
-$105M n/a 0.6x
-$113M n/a 0.8x
-$121M -4.7x 0.6x
-$146M -101.1x 0.7x
-$161M -262.7x 0.8x
-$167M -461.0x 2.3x
-$178M -16.6x 0.5x
-$203M -3.0x 1.2x
-$231M n/a n/a
-$2.0B -6.1x 11.4x

Valuation multiples as of last 12 months (LTM). Financial data powered by Morningstar, Inc.

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