Public Comps and Valuation Multiples for HealthTech

Benchmark revenue and EBITDA valuation multiples for public comps like
Johnson & Johnson, UnitedHealth Group, Thermo Fisher Scientific, Siemens and Abbott.

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HealthTech

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$652B$681B$99B6.8x18.3x
$337B$386B$446B0.9x13.2x
$251B$289B$47B6.2x24.1x
$240B$279B$95B2.9x16.1x
$175B$203B$49B4.2x15.6x
$157B$180B$26B6.9x22.0x
$141B$136B$11B12.0x26.7x
$113B$133B$37B3.6x12.7x
$103B$115B$27B4.3x15.0x
$65B$77B$21B3.7x11.7x
$59B$58B$2.8B21.1x(295.1x)
$49B$46B$6.6B7.0x22.3x
$49B$51B$7.4B6.8x23.1x
$47B$45B$27B1.7x8.4x
$45B$60B$17B3.5x15.0x
$44B$37B$3.5B10.6x23.4x
$42B$47B$5.6B8.4x26.4x
$40B$41B$4.6B9.0x25.1x
$36B$47B$8.4B5.6x14.2x
$33B$32B$5.1B6.4x20.5x
$32B$31B$5.7B5.5x14.2x
$30B$32B$4.2B7.8x24.7x
$30B$39B$21B1.8x10.2x
$28B$26B$5.2B5.0x15.2x
$26B$32B$12B2.7x14.0x
$25B$15B
$24B$3.6B
$24B$21B
$24B$1.3B
$20B$6.2B
$20B$22B
$17B$2.8B
$17B$4.6B
$17B$8.5B
$17B$2.9B
$16B$3.8B
$15B$8.3B
$15B$1.4B
$15B$1.5B
$14B$12B
$14B$6.6B
$13B$8.2B
$13B$2.4B
$12B$22B
$12B$198M
$11B$6.4B
$10B$4.7B
$10B$4.1B
$10B$1.1B
$10B$2.6B
$10B$45B
$10B$3.1B
$9.8B$3.5B
$9.4B$3.1B
$9.2B$2.1B
$9.1B$643M
$8.9B$17B
$8.5B$6.3B
$8.2B$887M
$7.4B$2.4B
$7.4B$3.7B
$7.3B$1.4B
$7.2B$3.3B
$6.8B$3B
$6.7B$3.7B
$6.5B$1.7B
$6.5B$7.8B
$6.5B$1.5B
$6.3B$2.4B
$6.3B$2.8B
$6.1B$7.2B
$6B$753M
$5.8B$1.4B
$5.8B$5.3B
$5.8B$3.2B
$5.7B$894M
$5.6B$943M
$5.6B$2.4B
$5.6B$172M
$5.6B$740M
$5.4B$395M
$5.4B$1.1B
$5.4B$2.5B
$5.4B$1.1B
$5.2B$1.6B
$5.1B$2.2B
$5B$750M
$5B$455M
$4.9B$4.4B
$4.8B$1.4B
$4.7B$1.2B
$4.7B$460M
$4.6B$660M
$4.6B-
$4.4B$1.4B
$4.4B$1.4B
$4.3B$1.8B
$4.3B-
$4.3B$1.5B
$4.2B$139M
$4.2B$1.5B
$4.2B$2.2B
$4.1B-
$4B$1.1B
$4B$2B
$3.9B$1.2B
$3.9B$1.1B
$3.9B$574M
$3.9B$2.8B
$3.8B$935M
$3.7B-
$3.7B$2M
$3.7B$850M
$3.5B$2.8B
$3.5B$1.1B
$3.4B$312M
$3.3B$1.1B
$3.2B$465M
$3.1B$2.5B
$3.1B$961M
$3.1B$587M
$2.9B$707M
$2.9B$256M
$2.9B$648M
$2.7B$838M
$2.7B$981M
$2.7B$842M
$2.6B$468M
$2.6B$429M
$2.5B$265M
$2.5B$784M
$2.5B$115M
$2.5B$2.4B
$2.5B$475M
$2.4B$2.7B
$2.4B$1.1B
$2.3B$1.8B
$2.3B$643M
$2.3B$1.7B
$2.3B$107M
$2.3B$1.5B
$2.2B$342M
$2.2B$246M
$2.1B$1.6B
$2.1B$1.1B
$2.1B$895M
$2B$78M
$2B$1.4B
$2B$869M
$2B$1.1B
$2B$276M
$1.9B$1.5B
$1.9B$707M
$1.9B$534M
$1.8B$269M
$1.8B$463M
$1.8B-
$1.8B$607M
$1.8B$310M
$1.8B$997M
$1.7B$110M
$1.6B$755M
$1.6B$1.5B
$1.6B$370M
$1.6B$32M
$1.6B$4.9B
$1.6B$582M
$1.6B$219M
$1.5B$415M
$1.5B$1.2B
$1.5B$3.4B
$1.5B$352M
$1.5B$608M
$1.5B$1B
$1.5B-
$1.4B$603M
$1.4B$700M
$1.4B$1.8B
$1.4B$873M
$1.4B$145M
$1.4B$81M
$1.4B$522K
$1.4B$429M
$1.4B$390M
$1.4B$1.4B
$1.3B$733M
$1.3B$389M
$1.3B$358M
$1.3B-
$1.2B$830M
$1.2B$1.7B
$1.2B$78M
$1.2B$580M
$1.2B$376M
$1.2B-
$1.2B-
$1.2B$120M
$1.2B$1.4B
$1.2B$62M
$1.1B$799M
$1.1B$296M
$1.1B$2.3B
$1.1B$478M
$1.1B$2.4B
$1.1B$195M
$1.1B$90M
$1.1B$365M
$1.1B$1.1B
$1.1B$2.3B
$1B$474M
$1B$371M
$1B$747M
$1B$382M
$1B$169M
$1B$372M
$984M$1.6B
$957M$310M
$948M$512M
$925M-
$923M$595M
$914M$109M
$912M$211M
$912M$1.9B
$883M$323M
$870M$55M
$863M$810M
$849M$175M
$844M$192M
$843M-
$830M$224M
$817M$370M
$814M$319M
$801M$240M
$798M$553M
$797M$154M
$794M$279M
$784M$866M
$783M$248M
$769M$252M
$757M$98M
$746M$6M
$745M$207M
$743M$3B
$741M$1.5B
$733M$2.6B
$716M$374M
$705M$1.5B
$703M$91M
$697M-
$695M$387M
$692M$1.1B
$687M$309M
$683M$166M
$676M-
$660M-
$632M$326M
$626M$219M
$626M-
$621M-
$621M$503M
$620M$148M
$592M$6.1B
$591M$259M
$587M$265M
$579M$570M
$566M$142M
$565M-
$558M$101M
$553M$6M
$550M-
$540M$586M
$536M$63M
$532M-
$530M$65M
$526M$249M
$519M$354M
$516M$720M
$511M$547M
$511M-
$504M$33M
$495M$284M
$489M-
$480M$100M
$478M$87M
$476M$66M
$474M$81M
$471M$204M
$468M$629M
$464M$109M
$458M$201M
$449M-
$448M$280M
$446M$46M
$439M-
$434M$133M
$433M$202M
$422M-
$407M$64M
$404M$2M
$401M$80M
$398M$2.4B
$398M$155M
$396M$1B
$387M$935M
$378M$66M
$373M$82M
$373M$843M
$366M$764M
$363M$525M
$358M$141M
$358M$9M
$355M$217M
$342M$298M
$340M$89M
$336M$291M
$336M$305M
$323M$113M
$313M$302M
$310M$106M
$307M$327K
$295M$209M
$293M$49M
$293M-
$292M$83M
$285M$446K
$284M$51M
$283M$200M
$271M$120M
$270M-
$266M$69M
$261M$144M
$253M$145M
$251M$105M
$237M-
$234M$177M
$234M$79M
$233M$76M
$230M$365M
$229M$215M
$217M$140M
$216M$12M
$213M$198M
$212M$72M
$211M-
$209M$29M
$206M$64M
$202M$1M
$197M$144M
$197M$14M
$197M-
$191M$766M
$189M-
$187M$85M
$185M$25M
$184M$751M
$183M$71M
$174M$41M
$172M$1M
$172M$103M
$160M$6M
$160M$163M
$159M-
$158M$253M
$155M-
$155M$32M
$150M$143M
$149M$100M
$149M$35M
$148M$40M
$147M$71M
$144M$33M
$142M$10M
$141M$66M
$141M$40M
$140M$204M
$140M$652M
$139M$354M
$139M$624M
$137M$39M
$132M-
$131M$264M
$130M$10M
$126M$64M
$125M$122M
$124M-
$119M$58M
$116M$365M
$116M-
$114M$31M
$114M$6M
$113M$48M
$108M$227M
$107M$47M
$105M$25M
$104M$16M
$100M$288K
$100M$37M
$99M-
$98M$21M
$96M-
$95M$53M
$93M$14M
$93M-
$90M-
$89M$26M
$88M$260M
$88M$128M
$87M$99M
$84M$6M
$84M$18M
$84M-
$83M$187K
$82M-
$82M$91M
$81M$82M
$79M$11M
$79M$15M
$78M$847K
$76M-
$73M$97M
$72M$1.6B
$72M-
$71M-
$70M$50M
$69M$59M
$67M$58M
$67M$8M
$67M-
$66M$9M
$66M$22M
$66M$44M
$66M$11M
$66M-
$65M$1.2B
$64M-
$62M$21M
$60M$299M
$59M$124M
$59M-
$59M$17M
$58M$12K
$57M-
$57M$80M
$57M-
$56M$22M
$56M$39M
$56M$38M
$55M$137K
$55M-
$54M-
$53M$13M
$53M$109M
$52M$18M
$51M$289K
$51M$102M
$50M$8M
$50M-
$50M$12M
$49M$3M
$49M$9M
$48M$21M
$48M$165M
$48M-
$47M$4M
$46M$45M
$46M-
$46M-
$46M-
$45M-
$44M$22M
$43M-
$43M-
$42M$89M
$42M-
$42M$49M
$42M$27M
$42M$2M
$42M$10M
$41M$5M
$41M-
$41M$4M
$41M$19M
$41M$13M
$40M$12M
$40M$32M
$40M$17M
$40M$25M
$39M$2M
$39M$3M
$39M$18M
$37M-
$37M-
$37M$9M
$37M-
$37M$89M
$36M$38M
$35M-
$34M$9M
$34M-
$34M$7M
$33M$10M
$32M-
$32M-
$32M$1.8B
$31M-
$30M$55M
$29M$59M
$29M$13M
$27M-
$27M$402M
$26M-
$26M$457M
$26M$39M
$26M-
$26M$4M
$25M-
$25M$9M
$25M-
$25M$48M
$25M$51M
$25M$1M
$23M-
$22M$9K
$22M-
$21M-
$21M$203K
$21M$21M
$21M-
$21M$12M
$20M-
$20M$14M
$20M$27M
$20M$31M
$20M$24M
$19M$7M
$19M$110M
$19M-
$19M-
$18M-
$18M-
$17M-
$17M$6M
$17M$171M
$16M-
$16M-
$15M-
$15M-
$15M-
$15M-
$15M$4M
$15M$7M
$15M$16M
$14M-
$14M-
$14M$17M
$14M-
$14M$78K
$14M$38M
$13M$3M
$13M-
$13M$6M
$13M$11M
$13M-
$13M-
$12M$22M
$12M$10M
$12M$2M
$12M$4M
$11M$53M
$11M$17M
$11M$32M
$11M-
$11M$39M
$10M-
$10M$2M
$10M$15M
$10M-
$10M$4M
$10M-
$10M-
$9M$55M
$9M$252K
$9M-
$9M$3M
$9M-
$8M-
$8M-
$8M$646K
$8M-
$8M$4M
$8M$3M
$8M$76K
$8M-
$7M$29M
$7M-
$7M-
$7M-
$7M-
$7M-
$7M-
$6M-
$6M-
$6M-
$6M-
$5M$3M
$5M-
$5M$6M
$5M$1M
$5M-
$5M-
$5M-
$5M$6M
$4M-
$4M-
$4M-
$4M-
$4M-
$4M-
$4M$2M
$4M-
$4M-
$4M$1M
$4M-
$3M-
$3M-
$3M$2M
$3M-
$3M-
$3M-
$3M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$1M-
$1M$12M
$1M-
$1M-
$938K$964K
$916K$1M
$877K-
$674K$14M
$477K-
$357K-
$200K$75M
$192K-
$99K-
$69K-
$29K-
$9K-
$1K-
--

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