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Public Comps and Valuation Multiples
for Biopharmaceuticals

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

Biopharmaceuticals

See analyst estimates and all valuation multiples for Biopharmaceuticals
Company EV EV/LTM Revenue EV/LTM EBITDA
$925B 14.8x 33.0x
$509B 5.4x 14.3x
$457B 7.5x 17.8x
$339B 4.4x 11.2x
$305B 5.2x 15.0x
$277B 5.0x 12.1x
$264B 4.1x 9.1x
$218B 4.5x 9.4x
$214B 5.9x 12.0x
$190B 3.0x 7.7x
$168B 5.8x 10.7x
$140B 2.9x 7.8x
$126B 2.4x 8.0x
$117B 2.7x 8.0x
$106B 8.9x 20.7x
$81.0B 10.1x 20.0x
$77.8B 1.5x 7.0x
$71.0B 2.9x 10.0x
$70.8B 2.4x 9.1x
$67.9B 4.2x 12.6x
$57.3B 6.1x 13.9x
$53.7B 11.6x 38.8x
$53.7B 11.5x 38.5x
$51.8B 5.6x 18.9x
$47.1B 2.7x 9.3x
$44.7B 7.2x 25.2x
$38.8B 3.0x 14.5x
$35.9B 3.2x 15.0x
$29.4B 1.9x 7.8x
$29.1B 10.5x 29.9x
$28.4B 2.9x 9.3x
$28.2B 13.7x 35.3x
$26.4B 1.9x 6.4x
$26.2B 2.0x 8.7x
$23.7B 7.9x 8.3x
$22.3B 2.2x 6.2x
$20.8B 60.1x 38.8x
$17.8B 9.5x 69.3x
$17.2B 2.0x 8.1x
$16.5B 4.5x 11.9x
$16.3B 110.6x 208.9x
$14.8B 5.2x 22.3x
$14.7B 3.2x 11.7x
$14.4B 10.3x 31.3x
$14.0B 4.6x 12.4x
$13.9B 4.6x 12.0x
$13.8B 29.7x -1629.6x
$13.0B 2.2x 13.2x
$12.3B 3.8x 15.9x
$12.2B 2.1x 14.2x
$12.2B 44.3x -257.0x
$11.8B 3.8x 9.5x
$11.6B 0.3x 5.4x
$11.4B n/a n/a
$11.4B 3.0x 12.3x
$11.1B 2.5x 6.7x
$10.7B 12.8x 41.9x
$10.5B 6.8x 27.3x
$10.5B 3.8x 13.6x
$10.3B 3.7x 14.6x
$10.3B 3.1x 7.5x
$10.1B 1.6x 12.8x
$10.1B 4.6x 12.5x
$10.0B 1.6x 5.2x
$9.7B 2.5x 10.0x
$9.1B 944.9x -42.1x
$8.7B n/a n/a
$8.1B 1.6x 12.5x
$8.1B 6.1x 9.4x
$7.9B n/a n/a
$7.9B 3.1x 4.8x
$7.4B 2.0x 9.8x
$7.2B 4.6x 23.2x
$6.9B 2.2x 9.8x
$6.9B 93.2x -3817.5x
$6.8B 3.6x 17.6x
$6.4B 2.7x 8.3x
$6.4B 8.5x 31.2x
$6.4B 16.4x -560.0x
$6.3B 5.4x 18.3x
$6.2B 2.1x 9.1x
$6.2B 2.0x 8.2x
$6.2B 7984.8x -21.2x
$6.2B 1.4x 8.1x
$5.9B 1.8x 7.0x
$5.9B 3.5x 19.1x
$5.9B 3.9x 45.0x
$5.8B n/a n/a
$5.7B n/a -21.4x
$5.6B 15.5x 22.9x
$5.4B 11.2x 34.7x
$5.3B n/a n/a
$5.2B 2.7x 10.6x
$5.0B 1.8x 4.9x
$5.0B 5.9x 29.1x
$4.9B 5.8x 20.3x
$4.9B 8.4x 25.7x
$4.7B 9.4x 20.6x
$4.7B 9.3x 24.3x
$4.7B 13.2x -66.5x
$4.6B n/a -28.4x
$4.6B 10.8x 32.9x
$4.5B 4.8x 13.9x
$4.3B n/a -11.0x
$4.2B 3.0x 11.0x
$4.2B 1.6x 9.0x
$4.2B n/a n/a
$3.9B 34.4x -400.5x
$3.8B 3.7x 17.1x
$3.7B 4.3x 16.2x
$3.7B 2.5x 9.5x
$3.6B 2.1x 10.6x
$3.6B 10.2x -389.6x
$3.5B n/a -31.7x
$3.4B 5.0x 14.0x
$3.4B 73.8x -17.2x
$3.4B 2.5x 8.9x
$3.3B 10.6x 65.8x
$3.3B 4.9x 15.3x
$3.2B 115.1x n/a
$3.2B 2.5x 11.9x
$3.2B 6.5x -1195.8x
$3.2B 4.6x n/a
$3.0B 7.1x -45.8x
$3.0B 5.2x 23.6x
$3.0B 1.4x 9.4x
$2.9B n/a -12.5x
$2.8B 36.3x -22.4x
$2.8B 13.8x 23.2x
$2.8B 4.2x 28.2x
$2.7B 10.8x -150.9x
$2.7B 6.7x 20.1x
$2.7B 4.3x 10.5x
$2.6B 4.0x 13.5x
$2.6B n/a n/a
$2.5B 19.7x -173.5x
$2.5B n/a -11.6x
$2.4B 9.6x -6.6x
$2.4B 3.4x 18.2x
$2.4B 2.8x 13.6x
$2.3B n/a -12.0x
$2.3B 43.3x n/a
$2.3B 2.9x 18.5x
$2.2B 12.1x 35.8x
$2.2B 2.6x 9.8x
$2.1B 3.4x 13.5x
$2.1B 5.6x 16.2x
$2.1B 6.8x 17.7x
$2.1B 11.6x 49.4x
$2.0B 13.5x n/a
$2.0B 2.6x 4.4x
$2.0B 7.5x 64.3x
$2.0B 7.3x 28.5x
$1.8B 4.7x 12.4x
$1.8B 7.8x -71.3x
$1.8B 54.8x -9.1x
$1.8B n/a -10.8x
$1.8B 13.8x 55.3x
$1.8B n/a n/a
$1.8B 6.4x n/a
$1.8B 0.8x 4.5x
$1.7B 4.1x 14.5x
$1.7B 14.1x -30.1x
$1.7B 2.5x 11.7x
$1.7B 15.9x 316.6x
$1.7B 4.0x n/a
$1.6B n/a -18.4x
$1.6B 166.2x -12.5x
$1.6B 10.9x 27.1x
$1.6B 2.1x 5.9x
$1.5B 8.3x 285.4x
$1.5B n/a n/a
$1.5B 30.0x 113.7x
$1.5B 585.1x n/a
$1.4B n/a n/a
$1.4B n/a n/a
$1.4B n/a n/a
$1.4B 5.9x 33.9x
$1.4B 3.5x -307.7x
$1.4B 4.8x 9.5x
$1.4B 13.7x n/a
$1.3B 4.7x 26.6x
$1.3B 8.1x -4.8x
$1.3B 3.2x n/a
$1.3B 37.0x -11.6x
$1.2B 1.3x 5.3x
$1.2B n/a n/a
$1.2B 0.5x 6.0x
$1.2B 2.5x 14.1x
$1.2B n/a -6.4x
$1.2B 444.2x -7.8x
$1.1B n/a n/a
$1.1B 3.2x 26.5x
$1.1B 1.9x -66.8x
$1.1B 2.8x 39.7x
$1.1B n/a -7.0x
$1.1B 18.0x n/a
$1.1B 2.9x 12.4x
$1.1B n/a -5.3x
$1.1B 6.5x -7.4x
$1.1B 9.5x -9.2x
$1.0B 3.5x 7.1x
$1.0B n/a n/a
$1.0B 1.2x 5.1x
$1.0B 1.7x -7.4x
$1.0B 8.7x 28.4x
$1.0B 1049.0x -10.4x
$996M n/a n/a
$974M 2.5x 2.9x
$916M 2.7x 35.1x
$912M n/a -7.1x
$897M n/a -8.8x
$866M 1.4x 7.0x
$864M n/a -7.5x
$853M 36.4x -3.5x
$837M 1.9x 8.9x
$799M 6.3x -4.9x
$765M 56.5x n/a
$764M n/a n/a
$751M 59.3x -2.3x
$747M n/a -5.1x
$746M 7.5x 45.2x
$746M 2.7x 11.6x
$745M n/a n/a
$728M n/a -4.8x
$721M n/a n/a
$704M n/a -4.9x
$696M n/a -4.8x
$691M 20.0x -10.9x
$680M 86517.9x -6.0x
$674M 71.6x -5.7x
$663M 15.1x 122.3x
$653M 6.2x 22.9x
$626M 35.1x -8.1x
$614M 92.0x -3.9x
$603M n/a n/a
$576M 3.4x 21.0x
$566M n/a -2.6x
$556M 526.1x -28.4x
$556M 43.1x 86.3x
$543M 27.8x -173.3x
$540M n/a n/a
$538M n/a n/a
$516M 20398.2x n/a
$505M n/a n/a
$492M 7.6x -22.5x
$481M 4.9x 13.7x
$476M 35.1x -10.3x
$461M n/a n/a
$446M 2.3x -4.0x
$432M 18.5x -8.5x
$429M n/a n/a
$421M 2.2x 9.4x
$418M 9.0x -6.1x
$418M 1.3x 9.3x
$414M 1.4x 11.6x
$410M 1.2x 4.7x
$399M 69.1x -1.8x
$398M 2.7x -3.1x
$386M 73.0x -12.2x
$381M 6.0x 23.6x
$381M 36036.6x -4.2x
$380M 3.1x 51.0x
$369M 19.0x -1282.2x
$328M 1.8x 7.6x
$326M 0.9x 9.8x
$322M n/a n/a
$319M n/a -22.5x
$318M 10.1x -1.6x
$309M n/a n/a
$309M 4.5x 33.7x
$305M 1.3x n/a
$299M 21.8x -6.9x
$291M 6.8x n/a
$284M 4.3x 9.4x
$276M 2.8x 8.8x
$274M n/a -40.7x
$263M n/a n/a
$260M n/a n/a
$259M n/a n/a
$259M n/a n/a
$258M 5.6x 43.8x
$254M 6.3x -31.1x
$254M n/a n/a
$248M 12.6x -5.8x
$239M n/a -2.1x
$236M n/a n/a
$235M 2.7x -10.7x
$234M 12.8x n/a
$233M 1.7x 15.7x
$228M 60.1x -5.0x
$223M n/a n/a
$210M 250.9x -5.3x
$195M n/a n/a
$193M 4.4x 21.5x
$192M 23.5x -6.2x
$191M 2.9x n/a
$188M 39.9x -2.8x
$172M n/a -3.1x
$166M 5.6x n/a
$158M n/a n/a
$158M 28.3x -11.6x
$155M 1.9x -4.7x
$154M 23.1x -1.7x
$153M n/a n/a
$147M 45.0x -2.7x
$144M 16.9x -6.4x
$140M 8.2x -2.6x
$132M 2.4x 132.0x
$132M n/a n/a
$132M n/a n/a
$132M 5.4x -3.6x
$128M n/a n/a
$126M 18.4x -11.4x
$122M 8.1x -3.0x
$120M 1.9x n/a
$116M n/a n/a
$111M n/a n/a
$111M 27.0x -8.0x
$110M n/a -8.4x
$107M n/a n/a
$106M 79.3x -20.9x
$106M 1.5x 9.2x
$103M 7.0x 23.9x
$99.5M n/a n/a
$98.0M 20.4x -0.7x
$96.7M 18.5x -10.3x
$95.0M 1.3x -0.4x
$94.7M 4.8x -19.6x
$91.3M 9.0x -3.4x
$89.4M 2.9x -1.2x
$87.6M n/a n/a
$85.6M n/a n/a
$84.8M n/a n/a
$83.6M n/a n/a
$77.7M n/a n/a
$72.4M n/a n/a
$72.3M 2.9x 11.5x
$69.9M n/a n/a
$65.0M n/a n/a
$60.1M n/a n/a
$57.7M n/a n/a
$57.0M n/a n/a
$55.7M 882.6x -9.0x
$53.0M 5.4x 2.4x
$51.8M 7.1x n/a
$51.6M 970.2x n/a
$50.2M 0.5x -0.8x
$45.9M n/a n/a
$45.2M 9.3x n/a
$44.7M 32.3x -55.1x
$43.2M n/a n/a
$43.1M n/a -2.4x
$41.6M 54.4x -4.1x
$41.4M 1.6x 11.7x
$38.8M 9.9x n/a
$38.1M n/a n/a
$36.8M n/a -5.8x
$35.4M n/a n/a
$35.0M 1.9x 43.4x
$34.1M n/a n/a
$33.9M n/a n/a
$33.6M n/a n/a
$32.3M 9.7x -7.8x
$32.3M 8.4x n/a
$32.2M n/a n/a
$30.9M n/a n/a
$30.1M n/a n/a
$28.8M 3.8x -1.5x
$27.9M 44.2x -2.7x
$27.6M n/a n/a
$27.4M n/a n/a
$27.3M n/a -15.1x
$26.7M 27.6x n/a
$25.4M n/a n/a
$24.2M 25.7x -0.3x
$24.0M n/a -5.6x
$22.5M n/a -6.8x
$21.5M n/a n/a
$21.5M n/a n/a
$21.3M 14.1x -0.7x
$20.0M 15.4x -7.3x
$19.7M n/a n/a
$19.2M 2.8x 7.8x
$18.4M n/a n/a
$18.3M n/a n/a
$18.3M 16.9x -4.9x
$18.1M n/a n/a
$17.4M n/a n/a
$17.4M n/a -5.9x
$17.2M n/a n/a
$16.8M n/a -8.3x
$16.7M n/a -4.0x
$15.5M 6.4x -2.0x
$15.4M n/a n/a
$15.4M n/a n/a
$15.4M 6.3x 1.7x
$15.3M 2.8x -5.7x
$14.9M n/a n/a
$14.2M n/a n/a
$13.7M 0.1x -0.3x
$13.3M n/a n/a
$13.2M n/a n/a
$12.1M n/a n/a
$11.8M n/a n/a
$11.4M 153.3x -5.3x
$11.3M n/a n/a
$11.1M n/a n/a
$11.1M 1.9x -1.2x
$10.3M 10.6x -22.9x
$10.2M 7.2x -27.3x
$10.2M n/a n/a
$9.9M n/a n/a
$9.9M 0.7x -3.1x
$9.6M n/a n/a
$9.0M n/a n/a
$8.0M n/a n/a
$7.9M n/a n/a
$7.8M 9.9x -0.6x
$7.6M 2.3x -2.9x
$7.6M n/a -8.2x
$7.4M 13.4x -0.6x
$7.3M n/a n/a
$7.3M n/a -2.1x
$7.3M n/a -1.9x
$7.2M 14.5x n/a
$6.9M n/a n/a
$6.6M n/a -1.2x
$6.3M n/a n/a
$6.0M 53.2x -2.0x
$6.0M 3.4x -0.4x
$5.7M n/a n/a
$4.9M n/a n/a
$4.7M n/a n/a
$4.3M n/a n/a
$4.2M 3.2x -1.1x
$3.9M n/a n/a
$3.5M n/a n/a
$3.3M n/a n/a
$3.2M n/a n/a
$2.9M n/a n/a
$2.9M n/a -1.7x
$2.8M n/a n/a
$2.5M n/a n/a
$2.5M n/a n/a
$2.1M 2.5x n/a
$1.9M n/a n/a
$1.7M n/a n/a
$1.7M n/a n/a
$1.5M n/a -1.9x
$1.5M n/a n/a
$1.4M n/a n/a
$1.3M n/a n/a
$0.7M n/a n/a
$0.5M n/a n/a
$0.3M n/a n/a
$0.2M n/a n/a
$0.1M n/a n/a
-$0.1M -0.0x 0.0x
-$0.2M n/a n/a
-$0.4M n/a n/a
-$0.5M n/a n/a
-$0.8M n/a n/a
-$0.8M -1.8x 0.1x
-$1.1M -15.7x 0.3x
-$4.6M n/a 0.4x
-$6.3M n/a n/a
-$35.0M -40.6x n/a
-$105M n/a 0.6x
-$114M -5.2x 0.7x
-$1.5B -4.7x 5.6x

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

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