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Public Comps and Valuation Multiples
for Biopharmaceuticals

Benchmark revenue and EBITDA valuation multiples for public comps like Merck & Co, Amgen, Roche, Gilead Sciences and Eli Lilly and Co.

Biopharmaceuticals

See analyst estimates and all valuation multiples for Biopharmaceuticals
Company EV EV/LTM Revenue EV/LTM EBITDA
$966B 15.2x 33.5x
$612B 6.5x 17.1x
$472B 7.7x 18.1x
$398B 4.9x 12.5x
$345B 5.8x 16.7x
$335B 5.9x 14.2x
$327B 5.0x 11.0x
$247B 6.8x 14.0x
$237B 4.8x 10.0x
$210B 7.2x 13.1x
$197B 3.2x 8.0x
$160B 3.3x 8.6x
$138B 3.1x 9.2x
$127B 2.4x 7.9x
$120B 10.0x 22.2x
$91.5B 11.5x 22.6x
$89.9B 1.7x 7.9x
$83.0B 2.9x 10.6x
$77.1B 3.1x 10.6x
$62.1B 3.6x 10.8x
$60.4B 6.4x 14.7x
$53.5B 5.4x 18.5x
$53.0B 3.0x 10.1x
$50.2B 10.8x 36.1x
$50.1B 10.5x 34.8x
$42.2B 6.8x 23.9x
$41.2B 3.6x 16.7x
$38.0B 13.4x 37.4x
$33.6B 2.2x 8.9x
$32.4B 2.5x 12.2x
$31.7B 2.2x 7.7x
$31.7B 2.5x 10.4x
$31.6B 3.2x 10.4x
$26.8B 9.0x 9.2x
$24.0B 11.4x 29.7x
$21.9B 2.1x 6.0x
$19.1B 9.9x 109.7x
$18.0B 2.0x 8.3x
$17.0B 5.3x 13.8x
$16.8B 52.5x n/a
$15.6B 5.0x 12.5x
$15.4B 4.1x 10.9x
$15.4B 11.1x 33.6x
$14.8B 96.3x 179.4x
$14.5B 3.2x 8.5x
$14.1B 2.9x 11.0x
$14.1B 4.5x 12.0x
$14.0B 3.5x 14.1x
$12.9B 2.2x 13.5x
$12.9B 3.8x 9.0x
$12.7B 2.1x 14.3x
$12.6B n/a n/a
$12.5B 26.5x -1246.4x
$11.8B 42.3x -255.8x
$11.8B 0.3x 5.0x
$11.8B 4.1x 17.8x
$11.5B 5.1x 13.8x
$11.5B 3.1x 12.5x
$11.0B 4.0x 15.5x
$10.7B 3.4x 14.0x
$10.3B 3.7x 13.4x
$10.2B 7.6x 11.6x
$10.1B 1.6x 5.2x
$10.0B 11.7x 38.3x
$9.9B 6.4x 25.7x
$9.3B 905.1x -38.4x
$8.8B 1.4x 11.0x
$8.6B 1.7x 13.6x
$8.5B 28552.0x -28.7x
$7.8B 4.2x 20.3x
$7.8B 3.3x 9.8x
$7.6B 2.5x 10.9x
$7.5B 18.4x -3072.9x
$7.4B n/a n/a
$7.3B 93.5x 16374.8x
$7.2B 2.3x 9.5x
$7.2B 2.0x 9.6x
$7.1B 2.4x 10.5x
$7.0B 14.5x 43.7x
$6.8B 4.4x 21.8x
$6.6B 2.5x 3.6x
$6.5B 1.5x 8.6x
$6.4B 2.2x 5.9x
$6.2B n/a n/a
$6.2B 6.9x 24.0x
$6.1B n/a n/a
$6.1B 1.8x 7.1x
$6.1B n/a n/a
$6.0B 3.4x 22.8x
$6.0B 8.0x 29.1x
$5.9B n/a n/a
$5.9B 16.2x 24.1x
$5.7B 3.8x 42.6x
$5.5B 5.3x 24.5x
$5.4B 6.4x 32.6x
$5.4B n/a -20.0x
$5.3B 2.0x 11.3x
$5.2B 8.5x 25.5x
$4.8B n/a -29.1x
$4.8B 2.4x 9.1x
$4.8B 5.5x 20.5x
$4.6B 10.9x 33.2x
$4.5B 12.5x -67.9x
$4.5B n/a -11.3x
$4.4B 3.0x 11.7x
$4.4B 4.7x 13.0x
$4.4B n/a n/a
$4.2B 2.9x 10.6x
$4.2B 7.9x 20.7x
$4.1B n/a n/a
$4.0B n/a -35.7x
$3.9B 7.5x 16.4x
$3.8B 2.2x 10.9x
$3.8B n/a n/a
$3.6B 5.3x 15.3x
$3.5B 5.2x 13.9x
$3.5B n/a -24.2x
$3.5B 29.3x -537.4x
$3.4B 2.4x 8.9x
$3.4B 2.6x 12.1x
$3.3B 120.7x -15.7x
$3.3B 16.3x 28.0x
$3.1B 4.6x 28.9x
$3.1B 8.6x -1609.5x
$3.0B 119.6x -12.2x
$2.9B n/a n/a
$2.9B 4.1x 11.9x
$2.7B n/a -12.7x
$2.7B 4.6x 20.4x
$2.7B 3.8x 21.0x
$2.7B n/a n/a
$2.6B 4.3x 10.5x
$2.6B 1.3x 8.4x
$2.6B 5.2x 290.1x
$2.5B 8.7x 107.7x
$2.4B 4.0x 13.0x
$2.4B 6.0x 17.8x
$2.4B 15.3x 38.1x
$2.4B 5.3x -37.2x
$2.3B 2.7x 13.8x
$2.3B n/a n/a
$2.3B n/a n/a
$2.3B 30.6x -17.1x
$2.3B n/a n/a
$2.3B 3.5x 14.0x
$2.2B 5.6x 16.3x
$2.2B 51.8x -10.8x
$2.1B 6.8x 17.9x
$2.1B 2.4x 9.2x
$2.0B 7.5x 28.9x
$2.0B 2.5x 4.3x
$2.0B 2.8x 13.3x
$2.0B 18.2x 352.1x
$1.9B n/a n/a
$1.9B 12.0x 26.5x
$1.8B n/a n/a
$1.8B n/a -12.9x
$1.7B n/a n/a
$1.7B 5.8x 11.5x
$1.7B 2.3x 6.4x
$1.7B 3.9x 13.6x
$1.7B 6.7x 286.3x
$1.7B 1628.8x -16.4x
$1.6B 724.3x n/a
$1.6B 6.6x -4.5x
$1.6B 8.8x 25.8x
$1.6B 5.7x 10.8x
$1.6B 4.0x -379.4x
$1.6B n/a -9.3x
$1.6B 24.7x -14.5x
$1.5B n/a n/a
$1.5B 8.1x 138.3x
$1.5B n/a -6.4x
$1.5B n/a n/a
$1.5B n/a n/a
$1.5B 12.3x -28.8x
$1.5B 0.7x 3.9x
$1.5B n/a -8.8x
$1.5B 26.9x n/a
$1.5B n/a n/a
$1.4B 6.0x 33.5x
$1.4B n/a n/a
$1.4B n/a -16.1x
$1.4B 3.6x 6.1x
$1.4B n/a -14.0x
$1.3B 36.1x n/a
$1.3B n/a -7.0x
$1.3B 7.8x -5.0x
$1.3B 2.2x -55.6x
$1.3B 9.1x 22.5x
$1.3B 1.2x 5.2x
$1.3B 4.5x 24.6x
$1.2B 4.1x 8.2x
$1.2B n/a -9.4x
$1.2B 2.5x 14.1x
$1.2B 123.8x -9.9x
$1.1B 39.3x -5.6x
$1.1B 9.4x 35.3x
$1.1B 0.5x 4.2x
$1.1B 2.9x 35.0x
$1.1B 1.7x 8.6x
$1.1B 128828.1x -9.4x
$1.1B 6.2x -7.7x
$1.1B 2.7x 11.8x
$1.0B n/a n/a
$1.0B 755.4x -188.9x
$1.0B 2.6x 39.3x
$1.0B 80.2x -3.2x
$986M 1.2x 4.9x
$982M 2.1x 10.3x
$966M 8.5x -8.2x
$955M n/a -4.7x
$948M 7.8x 25.1x
$936M 20.2x 128.1x
$930M 2.2x 2.6x
$928M 1114.3x -82.6x
$924M 1.5x -6.8x
$919M 70.7x -11.8x
$882M 54.0x -16.6x
$874M n/a n/a
$870M 3.0x 12.8x
$860M n/a n/a
$830M n/a -7.1x
$817M 20.9x -13.1x
$786M n/a n/a
$771M 5.2x -6.3x
$741M n/a n/a
$737M n/a n/a
$728M 53.4x n/a
$699M n/a -4.8x
$689M n/a n/a
$660M n/a -4.3x
$658M n/a n/a
$626M n/a n/a
$619M n/a n/a
$617M 3.6x 22.2x
$567M n/a -2.5x
$560M n/a n/a
$551M n/a n/a
$551M 20398.2x n/a
$541M 76.7x -6.0x
$538M 14.6x 56.2x
$519M n/a n/a
$507M n/a n/a
$492M 10.4x -8.0x
$483M n/a -3.2x
$480M 7.4x -21.2x
$473M 20.2x -8.9x
$460M 101.0x -14.8x
$454M 2.4x 10.0x
$454M 1.4x 9.9x
$452M n/a n/a
$446M 1.3x 4.8x
$424M n/a n/a
$422M 3.3x -2.6x
$408M 30.2x n/a
$395M 2.0x 8.5x
$389M 63.5x -1.7x
$384M 6.0x 23.3x
$384M 3.0x 34.4x
$379M 1.3x 10.8x
$379M 75.8x -5.5x
$372M 59588.4x -4.1x
$360M 5.4x 126.3x
$331M n/a n/a
$330M n/a n/a
$329M n/a n/a
$327M n/a n/a
$326M 3.5x -14.7x
$323M 0.8x 9.3x
$318M n/a n/a
$315M 3.2x 10.8x
$311M 34.7x -6.7x
$305M 3.7x 144.0x
$302M n/a -4.9x
$287M n/a n/a
$280M n/a n/a
$262M 5.6x 45.2x
$256M n/a n/a
$254M 3.6x 7.8x
$251M 28.7x -25.3x
$250M 5.4x 26.5x
$244M 1.7x 15.5x
$242M 1045.0x -5.2x
$241M n/a n/a
$240M n/a n/a
$238M n/a -34.0x
$232M 4.2x n/a
$218M 3.5x n/a
$214M 29.0x -6.5x
$211M n/a n/a
$208M 10.8x -4.9x
$207M 10.9x -2.6x
$206M 1.0x -1.9x
$205M 0.9x n/a
$199M n/a n/a
$194M 5.8x -1.0x
$176M 2.7x n/a
$174M 13.4x -6.2x
$169M n/a n/a
$168M 5.4x -2.3x
$161M 14.9x n/a
$153M 4.8x 7.3x
$151M 27.9x -12.8x
$143M n/a n/a
$142M 39.0x -2.6x
$139M 6.3x 62.3x
$138M n/a -2.3x
$137M n/a n/a
$125M n/a -34.1x
$125M n/a n/a
$124M n/a -0.9x
$122M 7.1x -2.1x
$121M 28.7x -8.2x
$120M 79.7x -21.3x
$118M 68.0x -9.8x
$117M n/a n/a
$116M 2.9x -14.9x
$115M 4.3x -3.1x
$111M 1.5x 9.3x
$110M n/a n/a
$107M n/a n/a
$107M n/a n/a
$105M n/a n/a
$104M 8.6x 153.2x
$103M n/a -7.7x
$102M 38.2x -0.7x
$100M 1.3x -0.4x
$96.9M 9.6x 20.7x
$87.7M n/a n/a
$83.9M 9.0x -3.6x
$79.1M n/a n/a
$77.5M 0.9x 5.5x
$69.3M n/a n/a
$69.0M n/a n/a
$68.8M 3.9x -1.6x
$66.8M n/a -10.5x
$65.3M n/a n/a
$61.8M n/a n/a
$61.8M n/a n/a
$60.8M 57.8x -2.0x
$59.7M n/a n/a
$58.7M 64.1x -5.4x
$58.2M 1.0x 259.8x
$57.9M n/a n/a
$55.9M 0.6x -0.9x
$55.1M n/a n/a
$53.5M 119.3x -8.1x
$51.0M n/a n/a
$50.5M n/a n/a
$50.5M n/a n/a
$50.0M 4.8x 2.1x
$46.6M 0.2x -1.0x
$43.6M n/a -3.4x
$43.5M 29.4x -53.2x
$43.2M n/a n/a
$40.4M 10.8x -9.7x
$39.5M n/a n/a
$39.0M n/a -8.9x
$38.6M 9.5x -1.2x
$37.0M n/a n/a
$36.3M n/a -5.4x
$34.4M n/a n/a
$32.0M 14.0x -0.4x
$31.3M 552.2x -5.2x
$30.8M 3.8x -1.5x
$29.4M 43.7x -2.8x
$29.3M 10.5x -5.3x
$29.1M n/a n/a
$26.2M 6.8x n/a
$25.7M n/a n/a
$25.2M n/a n/a
$24.4M 10.8x 2.4x
$24.2M 3.2x n/a
$22.2M 15.9x -7.7x
$22.0M n/a n/a
$22.0M n/a n/a
$21.8M n/a n/a
$21.7M n/a -11.8x
$21.6M 103.3x -4.6x
$21.0M n/a n/a
$20.8M n/a n/a
$20.6M n/a n/a
$20.0M 255.4x -8.6x
$20.0M n/a n/a
$19.8M 2.8x 7.8x
$19.4M n/a n/a
$18.2M n/a -3.9x
$17.5M n/a n/a
$15.2M n/a n/a
$15.1M n/a n/a
$15.0M n/a n/a
$14.8M n/a n/a
$14.6M n/a n/a
$14.5M 2.5x -5.3x
$13.9M n/a n/a
$13.6M 9.8x -3.5x
$13.4M n/a n/a
$13.2M n/a n/a
$12.7M 0.8x -7.4x
$12.0M 8.3x -0.7x
$11.8M n/a n/a
$11.8M n/a n/a
$10.9M 1.7x -0.2x
$10.8M n/a n/a
$9.9M 6.5x -28.8x
$9.9M n/a n/a
$9.9M 5.5x -0.7x
$9.8M n/a n/a
$9.7M n/a n/a
$9.6M 9.3x -37.8x
$9.6M n/a n/a
$9.1M n/a n/a
$8.9M n/a -2.2x
$8.7M n/a n/a
$8.7M n/a n/a
$8.6M n/a n/a
$8.5M 1.3x -0.9x
$8.2M n/a -1.6x
$8.0M n/a n/a
$7.8M n/a n/a
$7.2M n/a n/a
$6.9M n/a -2.2x
$6.7M n/a n/a
$6.4M n/a -1.8x
$5.8M n/a n/a
$5.6M 49.7x -1.8x
$5.5M n/a n/a
$5.2M n/a n/a
$4.9M 7.3x -4.0x
$4.7M 1.3x -1.8x
$4.4M n/a n/a
$3.7M n/a n/a
$3.4M n/a n/a
$2.9M n/a n/a
$2.8M n/a n/a
$2.5M n/a n/a
$2.4M n/a n/a
$2.4M n/a n/a
$2.2M 1.6x -0.3x
$2.1M n/a n/a
$1.9M n/a n/a
$1.7M n/a n/a
$1.5M n/a n/a
$1.3M n/a n/a
$1.2M n/a -1.5x
$1.0M n/a n/a
$0.8M n/a -1.6x
$0.7M n/a n/a
-$0.2M n/a n/a
-$0.6M n/a n/a
-$0.9M n/a n/a
-$1.0M n/a n/a
-$1.1M -0.7x n/a
-$1.1M n/a 0.3x
-$4.2M n/a n/a
-$6.8M n/a n/a
-$19.2M n/a n/a
-$37.1M n/a n/a
-$48.6M -2.9x 0.3x
-$113M n/a 0.7x
-$1.4B -4.4x 4.5x

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

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