Public Comps and Valuation Multiples for HealthTech

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

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HealthTech

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$640B$668B$99B6.7x18.0x
$340B$390B$446B0.9x13.4x
$234B$274B$96B2.8x15.5x
$225B$264B$47B5.6x22.1x
$176B$204B$49B4.2x15.8x
$141B$163B$26B6.3x20.0x
$130B$125B$11B11.1x24.8x
$116B$136B$37B3.6x13.1x
$106B$117B$27B4.4x15.4x
$62B$75B$21B3.6x11.3x
$50B$48B$27B1.7x8.7x
$49B$45B$6.6B6.9x22.0x
$47B$47B$2.7B17.1x(232.5x)
$43B$57B$17B3.4x14.5x
$42B$35B$3.5B10.1x22.3x
$41B$44B$7.4B5.9x19.8x
$40B$45B$5.5B8.2x25.7x
$40B$41B$4.6B8.8x24.8x
$38B$49B$8.4B5.9x15.0x
$31B$31B$5.7B5.4x14.0x
$31B$31B$5.1B6.1x19.6x
$29B$27B$5.2B5.3x16.2x
$29B$38B$21B1.8x9.9x
$26B$32B$12B2.7x14.0x
$26B$28B$4.2B6.7x21.3x
$25B$15B
$24B$21B
$21B$22B
$21B$1.2B
$21B$3.6B
$21B$6.1B
$18B$8.5B
$17B$4.6B
$16B$2.8B
$16B$3.8B
$15B$8.3B
$15B$1.4B
$14B$12B
$14B$2.9B
$14B$6.7B
$13B$8.2B
$13B$2.3B
$12B$197M
$12B$23B
$12B$6.4B
$11B$1.5B
$11B$4.1B
$11B$45B
$11B$1.1B
$10B$16B
$10B$3.1B
$9.9B$636M
$9.9B$2.6B
$9.8B$4.8B
$9.2B$3.1B
$8.8B$2.1B
$8.1B$3.5B
$8B$6.3B
$8B$1.4B
$7.7B$881M
$7.3B$2.4B
$7B$3.7B
$7B$3.3B
$6.7B$7.8B
$6.7B$3.7B
$6.5B$1.5B
$6.5B$2.8B
$6.4B$2.9B
$6.3B$7.2B
$6.3B$3.2B
$6.3B$1.7B
$6.2B$5.3B
$5.9B$2.4B
$5.9B$2.4B
$5.7B$902M
$5.7B$396M
$5.7B$1.4B
$5.7B$2.5B
$5.7B$752M
$5.6B$737M
$5.6B$2.2B
$5.5B$1.1B
$5.5B$942M
$5.4B-
$5.2B$1.6B
$5.1B$451M
$5B$744M
$4.9B$1.1B
$4.9B$4.5B
$4.7B$1.4B
$4.6B$659M
$4.5B$1.5B
$4.5B$1.2B
$4.5B-
$4.3B$1.5B
$4.3B$1.8B
$4.3B-
$4.2B$1.4B
$4.2B$2B
$4.1B$1.5B
$4.1B$2.8B
$4B$1.1B
$4B$1.1B
$3.9B$2.2B
$3.8B$1.1B
$3.8B$928M
$3.8B$139M
$3.8B$1.2B
$3.8B$2M
$3.7B$845M
$3.5B$2.8B
$3.5B-
$3.4B$171M
$3.4B$458M
$3.3B$311M
$3.3B$571M
$3.2B$2.5B
$3.1B$960M
$3B$1.1B
$2.8B$702M
$2.8B$249M
$2.8B$847M
$2.8B$585M
$2.7B$840M
$2.7B$997M
$2.7B$650M
$2.6B$473M
$2.6B$4.8B
$2.6B$2.4B
$2.6B$460M
$2.6B$2.6B
$2.5B$466M
$2.4B$1.5B
$2.4B$427M
$2.3B$263M
$2.2B$1.7B
$2.2B$781M
$2.2B$1.1B
$2.2B$641M
$2.1B$1.8B
$2.1B$1.6B
$2.1B$871M
$2.1B$1.3B
$2B$904M
$2B$343M
$2B-
$2B$114M
$1.9B$1.1B
$1.9B$105M
$1.9B$539M
$1.8B$38M
$1.8B$268M
$1.8B$107M
$1.8B$1.1B
$1.8B$274M
$1.8B$705M
$1.8B$993M
$1.8B$315M
$1.8B$602M
$1.7B$466M
$1.7B$78M
$1.7B$757M
$1.6B$1.5B
$1.6B$1.5B
$1.6B$590M
$1.5B$147M
$1.5B$3.5B
$1.5B$354M
$1.5B$1.2B
$1.5B$1.2B
$1.5B$1B
$1.5B-
$1.5B$412M
$1.5B$368M
$1.4B$713M
$1.4B$247M
$1.4B$704M
$1.4B$1.8B
$1.4B$1.4B
$1.4B-
$1.4B$432M
$1.4B$873M
$1.4B-
$1.3B$495K
$1.3B$81M
$1.3B$365M
$1.3B$389M
$1.3B$731M
$1.2B$476M
$1.2B$374M
$1.2B$1.7B
$1.2B$1.1B
$1.2B$827M
$1.2B$581M
$1.2B$701M
$1.2B$369M
$1.2B$78M
$1.2B$799M
$1.2B$392M
$1.1B$306M
$1.1B$2.4B
$1.1B$607M
$1.1B$2.3B
$1.1B$1.4B
$1.1B-
$1.1B$296M
$1.1B$1.5B
$1.1B$62M
$1.1B$195M
$1.1B$374M
$1.1B$390M
$1.1B$89M
$1B$167M
$1B$450M
$1B$746M
$1B$2.4B
$988M$364M
$941M$516M
$909M$216M
$907M$108M
$894M$54M
$890M$190M
$887M$594M
$871M$229M
$858M$370M
$851M$322M
$844M$549M
$843M$99M
$828M$1.5B
$826M$323M
$823M$223M
$820M$243M
$815M$6M
$810M$3B
$810M$283M
$809M$2.6B
$800M$823M
$796M-
$778M$865M
$776M$154M
$759M$255M
$746M$124M
$710M$1.1B
$702M$146M
$700M-
$700M$377M
$694M$391M
$683M$164M
$681M$6.2B
$678M$1.9B
$676M$252M
$674M-
$670M$90M
$665M$315M
$640M$502M
$631M$325M
$628M$1.5B
$612M-
$611M$572M
$610M$1B
$602M$209M
$599M$207M
$592M$148M
$592M$145M
$592M$6M
$585M$264M
$577M$258M
$563M$64M
$561M-
$552M$100M
$549M-
$540M$287M
$533M-
$528M-
$514M$729M
$507M$352M
$502M$249M
$501M$586M
$491M$109M
$490M$33M
$489M$220M
$486M-
$486M$82M
$482M$100M
$476M$204M
$474M$2.4B
$470M$63M
$467M$629M
$463M$283M
$457M-
$456M$132M
$451M$201M
$448M$86M
$448M$54M
$446M$554M
$424M$2M
$419M$158M
$419M$45M
$418M-
$417M-
$406M$931M
$400M$42M
$397M-
$396M-
$394M$327M
$393M$65M
$391M$81M
$373M$82M
$371M$64M
$370M$67M
$368M$10M
$366M$754M
$366M$527M
$364M$215M
$363M$842M
$359M$141M
$345M$305M
$344M$313M
$342M$90M
$337M$295M
$336M$304M
$330M-
$321M$113M
$321M$495K
$306M-
$295M$209M
$289M$51M
$285M$105M
$278M-
$274M$83M
$274M$291K
$273M$107M
$262M$147M
$262M$70M
$250M$143M
$242M$145M
$238M$177M
$236M$2M
$228M$76M
$225M$30M
$225M$197M
$224M$120M
$223M$140M
$222M-
$221M$217M
$215M$11M
$213M$369M
$213M$64M
$210M$194M
$201M$79M
$192M-
$187M$86M
$185M-
$184M-
$183M$71M
$182M$42M
$182M$26M
$180M$14M
$178M$103M
$176M$254M
$171M$72M
$166M$32M
$164M$2M
$161M-
$158M-
$155M$34M
$155M-
$151M$66M
$151M$166M
$149M$6M
$149M$40M
$148M$72M
$148M$654M
$147M$204M
$143M$41M
$141M$354M
$139M$9M
$139M$32M
$138M$65M
$138M$10M
$138M$100M
$135M$40M
$130M$124M
$130M$619M
$128M$267M
$122M-
$122M$57M
$121M$48M
$121M$142M
$117M$31M
$117M$365M
$116M$6M
$116M-
$113M-
$112M$47M
$112M$227M
$110M$282K
$109M$25M
$109M$22M
$108M$16M
$107M$14M
$102M$37M
$102M-
$101M-
$100M-
$99M$26M
$93M$54M
$93M-
$90M$6M
$88M-
$88M$1.6B
$87M$85M
$87M$127M
$86M$99M
$83M$18M
$83M$265M
$82M$15M
$82M$11M
$80M$96M
$79M$91M
$79M$182K
$77M$58M
$76M$851K
$73M-
$73M$1.3B
$71M$59M
$70M$11M
$70M-
$68M$22M
$68M-
$67M$297M
$67M$9M
$67M$49M
$67M-
$66M-
$66M$21M
$65M-
$65M$8M
$63M$17M
$61M$12K
$61M$38M
$61M$39M
$60M$124M
$59M$23M
$59M-
$57M$142K
$57M$21M
$55M$13M
$55M$5M
$55M-
$55M-
$53M$104M
$53M$12M
$52M$22M
$52M$13M
$51M$44M
$51M-
$50M-
$50M$9M
$49M$110M
$48M$23M
$48M$167M
$48M$87M
$47M$45M
$47M-
$47M$2M
$47M-
$46M-
$46M$5M
$46M$3M
$45M-
$45M$19M
$45M$4M
$44M-
$43M$2M
$43M$18M
$43M$27M
$43M$80M
$43M-
$42M$26M
$42M$18M
$42M-
$41M-
$41M$32M
$40M-
$40M$9M
$40M$3M
$40M$37M
$39M-
$38M-
$38M$10M
$38M$4M
$37M-
$37M$10M
$37M-
$37M$89M
$36M$9M
$36M$9M
$34M$12M
$34M$56M
$34M$7M
$32M-
$32M$1.8B
$30M$48M
$30M$13M
$30M$402M
$30M$462M
$30M$62M
$29M$1M
$29M-
$28M-
$27M-
$27M$40M
$26M$4M
$26M-
$26M$9M
$25M$12M
$25M-
$24M-
$24M$51M
$23M$288K
$22M$21M
$22M-
$22M-
$21M$27M
$21M-
$20M-
$20M$15M
$20M$110M
$20M$38M
$20M$24M
$20M$6M
$20M-
$20M-
$20M$7M
$18M$172M
$18M-
$18M-
$18M-
$17M-
$17M-
$17M-
$17M-
$17M$3M
$17M-
$17M$289K
$16M-
$16M-
$15M$17M
$15M-
$15M-
$15M$7M
$15M-
$14M$31M
$14M$3M
$14M$16M
$14M$10M
$14M$2M
$14M-
$14M$4M
$14M$2M
$13M-
$13M$11M
$13M-
$13M$23M
$12M$75K
$12M$15M
$12M-
$12M$4M
$12M$53M
$11M-
$11M$17M
$11M-
$11M$55M
$11M$31M
$11M$39M
$11M$6M
$10M$4M
$10M-
$10M$250K
$10M-
$10M-
$10M$3M
$9M-
$9M-
$9M-
$9M-
$8M-
$8M-
$8M-
$8M-
$8M$645K
$8M-
$7M-
$7M$76K
$7M-
$7M-
$7M-
$7M$3M
$7M-
$7M-
$6M-
$6M$29M
$6M-
$6M$6M
$6M-
$6M$362M
$5M-
$5M-
$5M-
$5M$3M
$5M$6M
$5M-
$5M-
$5M-
$5M$1M
$4M-
$4M$2M
$4M-
$4M-
$4M$1M
$4M-
$4M-
$4M-
$4M-
$4M-
$3M$2M
$3M-
$3M-
$3M-
$3M-
$3M-
$3M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$2M-
$1M-
$1M-
$1M-
$1M-
$1M$995K
$934K$1M
$932K-
$877K-
$850K$12M
$751K-
$735K$14M
$630K-
$492K-
$461K-
$293K-
$214K-
$212K-
$201K$75M
$151K$288K
$115K-
$87K-
$69K-
$64K-
$29K-
$29K-
$9K-
$7K-
$3K-
$2K-
$1K-
--
--
-$328K

Financial data powered by FactSet and Morningstar. Valuation multiples as of last 12 months. For more data, start your free trial here.

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