Public Comps and Valuation Multiples for Biopharmaceuticals

Benchmark revenue and EBITDA valuation multiples for public comps like
Eli Lilly, Johnson & Johnson, AbbVie, Merck and Roche.

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Biopharmaceuticals

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$994B$1.0T$81B12.8x26.3x
$640B$668B$99B6.7x18.0x
$454B$519B$66B7.9x17.2x
$355B$402B$67B6.0x20.4x
$339B$371B$78B4.7x11.9x
$262B$303B$56B5.4x13.0x
$246B$274B$62B4.4x12.4x
$204B$247B$38B6.5x14.1x
$190B$205B$47B4.3x9.0x
$178B$201B$30B6.6x29.0x
$158B$210B$62B3.4x8.7x
$131B$125B$13B9.7x22.4x
$130B$164B$49B3.3x8.8x
$102B$122B$57B2.2x7.2x
$96B$116B$45B2.5x7.5x
$80B$75B$16B4.6x12.6x
$69B$62B$8.7B7.1x13.6x
$66B$76B$25B3.1x10.7x
$62B$57B$5.6B10.1x32.9x
$59B$87B$29B3.0x11.7x
$58B$69B$16B4.4x13.1x
$57B$54B$2.1B26.1x(17.1x)
$55B$94B$53B1.8x8.3x
$46B$43B$6.4B6.7x23.4x
$46B$50B$8.7B5.8x17.6x
$46B$9.8B
$44B$128M
$43B$17B
$42B$4.9B
$40B$6.3B
$39B$17B
$36B$12B
$33B$4.9B
$33B$14B
$32B$10B
$30B$3.7B
$30B$9.3B
$29B$29M
$28B$1.4B
$26B$3.4B
$26B$14B
$25B$2.4B
$25B$5.7B
$24B$2.5B
$21B$3.2B
$21B$2.5B
$20B$4.2B
$20B$1.7B
$19B$15B
$17B$1.4B
$17B$741M
$16B$4.6B
$16B$3.6B
$16B$3.3B
$16B$3.8B
$15B$5B
$15B$356M
$14B$362M
$14B$864M
$14B$3M
$14B$2.5B
$14B$302M
$13B$6.2B
$13B$2.4B
$13B$3.7B
$13B$4.6B
$12B$3.2B
$12B$1.4B
$12B$12B
$12B$1B
$12B$1.7B
$12B$5.2B
$12B$478M
$12B$3B
$12B$1.1B
$12B$5B
$12B$867M
$12B$3.1B
$11B$788M
$11B$1.3B
$11B$852M
$11B$621M
$10B$472M
$10B$5M
$10B$131M
$10B-
$10B$3.6B
$10B$3.8B
$10B$3.1B
$9.8B$1.6B
$9.8B$7M
$9.6B$395M
$9.6B$86M
$9.3B$692K
$9.3B$2.9B
$9.1B$2.5B
$9.1B-
$9B$70M
$9B$923M
$8.8B-
$8.5B$5.5B
$8.4B$192M
$8.2B$856M
$8.2B$2.7B
$8B$935M
$8B-
$8B$6.3B
$7.7B-
$7.7B$1.7B
$7.4B$3.4B
$7.3B$3B
$7.2B$278M
$7.1B$1.8B
$7.1B$1.1B
$7.1B$3.2B
$7B-
$6.9B$965M
$6.9B$6.6B
$6.8B$4B
$6.8B$8.9B
$6.8B$1.1B
$6.7B$4M
$6.7B$945M
$6.7B$1.9B
$6.4B$4M
$6.4B$645M
$6.4B$1.6B
$6.3B$1.3B
$6.2B$655M
$6.1B-
$6B$15B
$6B$566M
$6B$899M
$5.9B$2M
$5.9B$4.8B
$5.9B$3.1B
$5.9B$691M
$5.9B$2.5B
$5.8B$4M
$5.7B$752M
$5.7B$3M
$5.7B$284M
$5.6B-
$5.5B$241M
$5.5B$1.4B
$5.2B$1.1B
$5.2B-
$5B$720M
$5B$420M
$5B$28M
$5B$745M
$5B-
$4.9B$1.7B
$4.8B-
$4.8B-
$4.8B$1.2B
$4.8B$2.6B
$4.6B$611M
$4.6B$651M
$4.6B-
$4.5B$1.2B
$4.5B-
$4.4B$3.2B
$4.4B$1.7B
$4.4B$566M
$4.4B$1.2B
$4.4B$1.1B
$4.4B$1.1B
$4.3B$1.8B
$4.3B$2.2B
$4.3B$3.4B
$4.2B$228M
$4.1B$12M
$4.1B-
$4.1B$460M
$4.1B$27M
$4.1B$1.3B
$4B$19M
$4B-
$3.9B$1B
$3.9B-
$3.9B$360M
$3.9B$589M
$3.8B$1.5B
$3.8B$1.2B
$3.7B-
$3.7B-
$3.7B$636M
$3.6B$376M
$3.6B$92M
$3.6B$1.3B
$3.6B$1.4B
$3.6B$1.9B
$3.6B-
$3.6B$282M
$3.6B$6.2B
$3.6B$858M
$3.5B-
$3.5B$655M
$3.4B$1.3B
$3.4B-
$3.4B$910M
$3.4B$891M
$3.4B$41B
$3.4B-
$3.4B$27M
$3.3B$1.4B
$3.2B$939M
$3.2B$640M
$3.2B$230M
$3.1B$487M
$3.1B$1.7B
$3.1B$129M
$3.1B$1.7B
$3.1B$1.3B
$3.1B$301M
$3.1B$20M
$3.1B-
$3B$1.8B
$3B$489M
$2.9B$179M
$2.9B$950M
$2.9B$2M
$2.9B$590M
$2.8B-
$2.8B-
$2.8B$2M
$2.8B-
$2.8B-
$2.8B$28M
$2.8B$73M
$2.7B$3M
$2.7B$28M
$2.7B$661M
$2.7B-
$2.7B-
$2.7B-
$2.6B$684M
$2.6B$72M
$2.6B$1.4B
$2.6B$425M
$2.5B-
$2.5B$17M
$2.5B$2.3B
$2.5B-
$2.5B$78M
$2.5B$166M
$2.5B$1.7B
$2.4B$831M
$2.4B$983M
$2.4B$36M
$2.4B$918M
$2.4B$46M
$2.4B$609M
$2.3B-
$2.3B$110M
$2.3B$53M
$2.3B$178M
$2.3B-
$2.3B$228M
$2.3B-
$2.3B$603M
$2.2B$244M
$2.2B$1.4B
$2.2B$11B
$2.2B$493M
$2.2B-
$2.2B$1.9B
$2.1B$316M
$2.1B$158M
$2.1B$1.6B
$2.1B$14M
$2.1B$755M
$2.1B$259M
$2.1B$528M
$2.1B-
$2B$10M
$2B$30M
$2B$144M
$2B$134M
$2B$1.9B
$2B$423M
$2B$5M
$2B$345M
$2B$149M
$2B$318M
$2B$398M
$1.9B$270M
$1.9B$209M
$1.9B$57M
$1.9B$235M
$1.9B$188M
$1.9B$121M
$1.9B$2.2B
$1.9B$594M
$1.9B$761M
$1.9B$251M
$1.9B$78M
$1.9B-
$1.9B$363M
$1.8B$38M
$1.8B$75M
$1.8B-
$1.8B$937M
$1.8B$138M
$1.8B$415M
$1.8B-
$1.8B$1.3B
$1.8B$81M
$1.8B$192M
$1.8B$621M
$1.8B-
$1.8B$315M
$1.8B-
$1.8B$240M
$1.7B-
$1.7B-
$1.7B$54M
$1.7B$916M
$1.7B$436M
$1.7B$819M
$1.7B$808M
$1.7B$269M
$1.7B$122M
$1.6B-
$1.6B$55M
$1.6B$4M
$1.6B-
$1.6B$128M
$1.6B-
$1.6B$273M
$1.6B$23M
$1.6B$1B
$1.6B$835M
$1.6B$690M
$1.6B$388K
$1.6B$286M
$1.6B$135M
$1.6B$338M
$1.6B$122M
$1.6B$583M
$1.6B$8M
$1.5B-
$1.5B$198M
$1.5B$701M
$1.5B$250M
$1.5B$388M
$1.5B$405M
$1.5B-
$1.5B$110M
$1.5B$439M
$1.5B-
$1.5B$15M
$1.5B$155M
$1.5B$1.2B
$1.5B-
$1.5B-
$1.5B$974M
$1.4B$1.5B
$1.4B-
$1.4B-
$1.4B-
$1.4B$729M
$1.4B$4M
$1.4B$351M
$1.4B$523M
$1.4B$14M
$1.4B-
$1.4B$359M
$1.4B$212M
$1.3B$48M
$1.3B$9M
$1.3B-
$1.3B$88M
$1.3B-
$1.3B-
$1.3B-
$1.3B-
$1.3B$12M
$1.3B$327M
$1.3B-
$1.2B-
$1.2B-
$1.2B$487M
$1.2B$236M
$1.2B$204M
$1.2B$261M
$1.2B$18M
$1.2B$407M
$1.2B$415M
$1.2B$83M
$1.2B$34M
$1.2B$12M
$1.2B$1.3B
$1.2B$894K
$1.2B$3.7B
$1.2B$206M
$1.2B$56M
$1.2B$581M
$1.2B$55M
$1.2B$123M
$1.1B$545M
$1.1B-
$1.1B$110M
$1.1B$1.8B
$1.1B-
$1.1B-
$1.1B-
$1.1B$2M
$1.1B-
$1.1B$120M
$1.1B$615M
$1.1B-
$1.1B-
$1.1B$4M
$1.1B$2.4B
$1B$24M
$1B$610M
$1B-
$1B$472K
$1B-
$1B$316M
$1B$132M
$1B$450M
$1B$88M
$1B$739M
$1B$746M
$1B-
$994M$62M
$985M-
$979M$14M
$965M-
$963M$450M
$958M$1.1B
$943M$187M
$941M$516M
$937M-
$933M$7M
$933M-
$931M$130M
$924M$464M
$921M$89M
$920M-
$916M-
$912M-
$910M-
$908M$35M
$904M$48M
$894M-
$890M$41M
$885M$202M
$883M$92M
$882M$302M
$868M-
$867M$137M
$867M$221M
$865M$18K
$859M$135M
$858M$792M
$842M-
$828M$1B
$827M-
$819M$403M
$818M-
$815M$2B
$807M-
$787M-
$783M-
$783M$7M
$766M$5M
$762M$386M
$762M$94M
$758M$95M
$757M-
$755M-
$747M-
$743M$203M
$741M$820M
$740M-
$735M$2B
$728M$35M
$726M-
$725M-
$721M$5M
$717M$40M
$714M$246M
$714M$112M
$713M$139M
$710M$52M
$710M-
$708M$79M
$700M-
$700M$377M
$680M-
$676M$274M
$676M-
$674M$416M
$667M$314M
$666M$4M
$663M$91M
$655M$1.3B
$643M-
$639M-
$636M$183M
$636M$12K
$630M-
$622M$372K
$622M$137M
$619M-
$615M$3M
$612M$23M
$610M$330M
$610M$216M
$607M$66M
$606M-
$600M$48M
$592M$30M
$592M$6M
$572M-
$568M-
$568M$8M
$563M$166M
$563M-
$558M-
$558M$5M
$556M-
$553M$286M
$547M$436M
$546M-
$525M$3M
$524M-
$512M-
$503M$77M
$503M$12M
$500M$127M
$500M-
$500M-
$499M-
$494M$13K
$490M$33M
$487M$65M
$486M-
$486M-
$484M-
$482M-
$481M-
$477M-
$476M$204M
$473M$116M
$471M$204M
$470M-
$467M$9M
$466M$197M
$463M$3M
$463M-
$462M$117M
$461M$365M
$458M$61M
$449M-
$435M$1.1B
$434M$64M
$432M$29M
$430M-
$427M$386M
$426M-
$423M$78M
$422M$94M
$419M$4M
$419M$37M
$418M$41M
$415M$30M
$407M-
$407M$81M
$406M$592K
$400M-
$400M$1M
$397M-
$396M$9M
$394M-
$391M$2M
$390M$8M
$383M$6M
$380M$31M
$377M$64M
$377M-
$376M$622K
$369M-
$369M$297M
$368M$777K
$366M$36M
$365M$11M
$362M-
$360M-
$359M$301K
$359M$424M
$355M-
$351M$33M
$351M$236M
$349M-
$349M-
$347M$22M
$346M$5M
$345M$74M
$344M-
$342M$435K
$337M$8M
$335M$186M
$333M$307M
$330M$16M
$330M-
$319M$683M
$314M$3M
$313M$131M
$311M-
$311M$121M
$310M-
$310M$40M
$308M$67M
$308M$2K
$308M$239M
$306M$352K
$304M-
$302M-
$298M-
$298M$6M
$296M$111M
$293M$18K
$292M-
$291M$68M
$290M-
$290M-
$289M$188M
$288M$243M
$288M-
$285M$15M
$285M$9M
$284M$2M
$284M-
$283M-
$282M-
$282M$1M
$280M$66M
$277M$6M
$276M-
$275M-
$274M$19M
$274M-
$273M-
$270M$35M
$268M-
$268M$4M
$267M$6M
$265M$7M
$265M$169M
$265M$15M
$264M$3M
$264M$162M
$264M$209M
$262M$33M
$262M$19M
$260M$597M
$258M$13M
$255M$13M
$255M-
$255M$122M
$254M$49M
$253M$402M
$248M$1M
$243M-
$242M-
$242M-
$241M$10M
$239M$14M
$235M-
$234M$2M
$233M$29M
$233M-
$232M-
$232M$41M
$232M$58M
$230M-
$230M$71M
$229M-
$228M$6M
$228M-
$227M-
$226M-
$226M-
$223M$9M
$223M$114M
$220M$84M
$218M$70M
$216M$6M
$213M$73M
$211M-
$209M$20M
$208M-
$207M$23M
$206M-
$206M$39M
$205M$55M
$204M-
$204M$76M
$204M$42M
$202M-
$200M$4M
$199M-
$198M$19M
$197M$26M
$196M$3M
$195M-
$195M$57M
$194M$597K
$194M$21M
$192M$306M
$186M$2M
$186M$12M
$180M$14M
$180M-
$177M$29M
$175M$8M
$175M-
$174M$275M
$169M$22M
$169M$139M
$167M-
$164M$6M
$163M-
$162M$10M
$161M-
$161M-
$161M$2M
$158M$3M
$157M$1M
$157M-
$157M-
$156M-
$156M$130M
$155M$11M
$151M$66M
$150M$284M
$149M-
$147M$961K
$147M$4M
$147M-
$146M-
$145M-
$145M-
$144M-
$144M$3M
$142M$18M
$140M$58M
$139M-
$139M$9M
$138M$13M
$137M$80M
$136M$17M
$136M$21M
$136M$8M
$134M-
$131M-
$130M$4M
$129M-
$129M$487K
$128M$5M
$128M$46M
$128M$234K
$127M-
$127M$8M
$126M$26M
$126M-
$126M-
$126M-
$124M-
$122M-
$122M$3M
$122M-
$118M$628K
$116M-
$115M-
$114M$161K
$114M$27M
$113M-
$113M$2K
$112M-
$111M-
$110M-
$109M$893M
$108M$4M
$107M-
$107M-
$107M-
$106M$12K
$106M$35M
$106M-
$105M-
$105M-
$105M$5M
$103M$3M
$102M-
$102M-
$102M-
$100M-
$97M$13M
$97M$5M
$97M$13M
$96M-
$96M$113K
$96M-
$96M-
$95M-
$94M$38M
$94M$364K
$93M-
$93M$5M
$92M$318K
$92M$26M
$91M-
$91M-
$90M$365K
$89M-
$89M-
$89M-
$89M$484K
$89M-
$87M$119M
$86M-
$86M-
$86M$13M
$84M$28M
$84M$74M
$83M-
$82M$1M
$82M$32M
$81M-
$80M-
$80M-
$79M$3M
$79M-
$79M$48M
$78M$7M
$78M$5M
$78M-
$77M-
$77M-
$77M$34M
$76M-
$74M-
$73M-
$73M-
$73M-
$72M-
$72M$1M
$72M-
$71M$105M
$70M-
$70M-
$70M-
$68M-
$67M$66M
$67M-
$66M-
$66M$67M
$66M$40M
$65M$2M
$65M$11M
$64M-
$62M$15K
$62M$40M
$62M-
$61M$2M
$61M$89M
$61M$2M
$61M-
$60M$150M
$60M$6M
$59M$9M
$59M-
$59M$14M
$59M$41M
$58M$239K
$57M-
$56M$39K
$56M$10M
$55M$2M
$54M-
$52M$88K
$51M-
$50M$10M
$50M-
$48M$2M
$48M$7M
$48M-
$48M$13M
$48M-
$47M$2M
$47M$818K
$47M-
$46M$11M
$46M$253K
$45M$12M
$45M-
$45M-
$45M$149K
$44M$2M
$44M-
$43M-
$42M$57K
$42M-
$41M-
$41M$2M
$41M-
$40M$31M
$39M-
$39M$4M
$39M$9M
$39M-
$39M-
$37M$28M
$37M-
$37M$139M
$36M$7M
$36M$2M
$36M$2M
$35M-
$35M-
$35M$5M
$34M-
$34M-
$33M$7M
$33M$26M
$33M-
$32M-
$32M-
$32M-
$32M-
$31M-
$30M$9M
$30M-
$30M-
$30M$12M
$29M-
$29M-
$29M-
$29M-
$29M-
$28M-
$28M$9M
$28M-
$28M$2M
$28M-
$26M-
$26M-
$26M-
$25M-
$25M-
$25M-
$25M$2M
$24M-
$24M-
$23M$1M
$23M$7M
$23M-
$22M-
$22M$4M
$22M-
$22M$8M
$22M-
$22M-
$22M$6M
$22M-
$22M$18M
$21M-
$20M-
$20M$80K
$19M$4M
$19M-
$19M$1M
$19M-
$19M-
$18M-
$18M-
$17M-
$17M-
$17M-
$17M-
$17M-
$17M-
$16M-
$16M-
$16M$10M
$16M-
$16M$2M
$16M-
$15M-
$15M-
$15M-
$15M-
$15M$7M
$15M$7M
$15M$977K
$15M$100K
$15M$2M
$14M-
$14M$3M
$14M$2M
$14M$211K
$14M-
$14M$2M
$14M-
$14M$528K
$14M-
$14M-
$13M-
$13M-
$13M-
$13M-
$13M-
$13M-
$12M$1M
$12M-
$12M-
$12M$6M
$12M-
$12M-
$12M$3M
$11M-
$11M-
$11M-
$11M-
$11M-
$11M-
$11M-
$11M-
$11M$1M
$10M$10M
$10M-
$10M$2M
$10M$158K
$9M$5M
$9M-
$9M-
$9M-
$9M$439K
$9M-
$9M$442K
$8M$111K
$8M-
$8M$69K
$8M-
$8M-
$8M-
$8M$2M
$8M-
$7M-
$7M-
$7M-
$7M-
$7M-
$7M-
$6M-
$6M-
$6M-
$6M$1M
$6M$509K
$6M$747K
$5M-
$5M$306K
$5M-
$5M-
$5M-
$5M-
$5M-
$5M-
$4M-
$4M-
$4M$747K
$4M$5M
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$3M$3M
$3M-
$3M-
$3M-
$2M-
$2M-
$2M-
$2M$2M
$2M-
$2M-
$2M$1M
$2M-
$2M-
$2M-
$2M$732K
$2M-
$2M-
$2M-
$1M-
$1M-
$1M-
$1M-
$1M-
$1M-
$1M-
$1M-
$1M-
$812K$31M
$551K$3M
$501K-
$486K-
$485K-
$432K-
$425K-
$387K-
$371K-
$355K$700K
$325K-
$305K-
$292K-
$286K-
$256K-
$233K$434M
$159K-
$138K-
$90K-
$87K-
$55K-
$41K-
$28K-
$27K-
$12K-
$9K$20M
$7K-
$7K-
$3K-
$2K-
$1K$800K
$0K-
-$5M
--
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-$1.3B
--

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