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Public Comps and Valuation Multiples
for Medical Devices

Benchmark revenue and EBITDA valuation multiples for public comps like Stryker, Abbott Laboratories, Johnson & Johnson, Thermo Fisher Scientific and Danaher.

Medical Devices

See analyst estimates and all valuation multiples for Medical Devices
Company EV EV/Revenue EV/EBITDA
$383B 4.3x 11.8x
$238B 5.5x 21.2x
$229B 2.6x 14.5x
$201B 0.9x 3.6x
$195B 21.9x 53.1x
$181B 4.2x 16.7x
$166B 9.3x 30.8x
$160B 6.8x 24.4x
$151B 6.3x 19.8x
$125B 3.7x 12.9x
$57.0B 2.2x 10.8x
$45.6B 4.3x 16.5x
$42.4B 7.5x 24.2x
$42.4B 10.6x 31.3x
$39.5B 2.0x 11.0x
$35.9B 6.8x 18.4x
$35.8B 7.0x 19.4x
$34.2B 5.1x 17.6x
$33.2B 7.8x 27.4x
$28.3B 1.4x 8.9x
$27.4B 1.2x 6.9x
$26.4B 6.8x 21.2x
$25.9B 4.7x 16.1x
$25.1B 6.0x 18.8x
$24.3B 3.1x 9.1x
$23.8B 2.2x 10.2x
$23.5B 7.3x 25.3x
$23.2B 10.3x 46.3x
$22.3B 7.4x 20.3x
$22.0B 2.2x 6.4x
$19.9B 2.4x 9.9x
$19.7B 4.2x 16.8x
$19.6B 5.0x 17.6x
$18.4B 4.6x 15.1x
$15.6B 5.2x 21.9x
$15.2B 2.5x 9.9x
$14.9B 3.7x 11.3x
$14.6B 9.4x 59.8x
$14.2B 2.1x 9.0x
$12.5B 3.1x 12.1x
$12.0B 9.8x 30.7x
$11.3B 7.3x 27.9x
$10.9B 1.9x 11.3x
$10.4B 3.0x 11.9x
$10.2B 2.9x 11.5x
$10.1B 8.0x 54.9x
$9.7B 3.2x 7.8x
$9.1B 4.9x 19.4x
$8.9B 3.7x 14.2x
$8.7B 1.7x 10.0x
$8.2B 3.8x 17.2x
$7.6B 2.9x 9.8x
$7.6B 2.2x 12.1x
$7.2B 9.5x 35.4x
$7.1B 2.3x 8.0x
$6.8B 11.6x 38.6x
$6.7B 2.4x 10.2x
$6.7B 7.5x 23.7x
$6.1B 18.1x 76.2x
$6.1B 9.1x 18.9x
$6.0B 4.3x 18.7x
$6.0B 1.7x 8.6x
$6.0B 1.6x 9.5x
$5.9B 2.3x 13.1x
$5.8B 2.4x 13.8x
$5.7B 1.6x 9.5x
$5.5B 3.1x 14.5x
$5.3B 16.4x 40.6x
$5.2B 12.3x -166.1x
$5.0B 5.6x 23.4x
$4.8B 5.0x 22.1x
$4.8B 7.5x 265.9x
$4.6B 1.7x 8.3x
$4.6B 2.0x 12.3x
$4.5B 9.1x 47.6x
$4.2B 3.8x 15.5x
$4.2B 3.1x 10.0x
$4.1B 2.7x 10.0x
$4.1B 4.6x 23.6x
$3.9B 4.8x 15.3x
$3.8B 8.1x 240.9x
$3.8B 1.4x 9.1x
$3.7B 4.3x 22.2x
$3.6B 1.4x 11.3x
$3.5B 4.9x 18.1x
$3.3B 1.0x 4.8x
$3.3B 1.5x 8.5x
$3.2B 3.6x 16.7x
$3.1B 4.9x 12.4x
$3.0B 10.1x 25.0x
$2.9B 2.0x 8.9x
$2.8B 0.6x 6.2x
$2.8B 10.7x -56.2x
$2.8B 1.9x 17.4x
$2.8B 2.6x 16.9x
$2.7B 1.7x 8.6x
$2.6B 2.0x 9.8x
$2.6B 1.4x 7.0x
$2.5B 2.8x 14.0x
$2.5B 2.3x 109.0x
$2.5B 2.2x 12.7x
$2.4B 1.1x 5.5x
$2.3B 1.8x 8.1x
$2.3B 5.9x 13.7x
$2.3B 0.9x 6.6x
$2.2B 3.4x 44.9x
$2.2B 6.0x 17.5x
$2.2B 2.3x 11.8x
$2.1B 6.3x n/a
$2.0B n/a n/a
$2.0B 3.6x 17.5x
$1.9B 3.1x -898.9x
$1.9B 4.0x 25.7x
$1.8B n/a n/a
$1.8B 1.1x 10.1x
$1.8B 5.9x 43.4x
$1.7B 4.3x 22.3x
$1.7B 7.4x 26.0x
$1.7B 15.8x 75.7x
$1.7B 3.4x 45.3x
$1.6B 2.5x 17.3x
$1.6B 4.3x 9.4x
$1.5B 1.6x 221.2x
$1.4B 0.4x 3.8x
$1.4B 1.2x 9.4x
$1.4B 2.2x 8.5x
$1.3B 18.2x 35.0x
$1.3B 1.9x 6.1x
$1.3B 5.6x 60.4x
$1.3B 0.9x 4.7x
$1.2B 6.8x 13.1x
$1.2B 3.1x 13.2x
$1.2B 4.6x -8.4x
$1.2B 5.4x 24.8x
$1.2B 5.6x 22.5x
$1.2B 18.5x 104.9x
$1.2B 4.0x 22.3x
$1.2B 6.3x -49.1x
$1.1B 10.0x 81.1x
$1.1B 2.2x 17.4x
$1.1B 2.4x 16.3x
$1.1B 3.3x 15.9x
$1.1B 4.5x 15.5x
$1.1B 0.8x 7.5x
$1.1B n/a n/a
$979M 10.7x 48.1x
$944M 0.9x 6.8x
$942M 1.7x 6.8x
$880M 2.4x 11.3x
$847M 1.3x 8.1x
$836M 0.9x 3.3x
$808M 6.7x 22.3x
$779M 1.4x 7.0x
$771M 6.3x 49.7x
$764M 1.3x 7.5x
$743M 1.7x 9.5x
$725M 3.0x 12.7x
$722M 2.5x 550.8x
$702M 3.9x -396.6x
$697M 6.9x 27.8x
$695M 0.9x 7.3x
$694M n/a n/a
$691M 3.4x 9.3x
$689M 9.1x n/a
$672M 3.4x 16.5x
$671M 2.5x 11.3x
$668M 4.3x -3.1x
$647M 1.6x 6.5x
$642M 0.7x 4.6x
$641M n/a n/a
$628M 0.9x 6.3x
$591M 10.5x n/a
$577M 0.7x 7.8x
$571M 7.0x 81.5x
$546M 3.8x 8.5x
$543M 2.7x 25.1x
$536M 8.8x 62.9x
$536M 0.9x 3.7x
$519M 2.4x 45.1x
$504M n/a n/a
$503M 1.7x 11.9x
$494M 0.2x 5.6x
$469M 1.9x 11.8x
$468M 5.3x -12.1x
$464M 6.0x 19.0x
$454M 6.1x -10.5x
$453M 2.4x 10.9x
$444M n/a n/a
$442M 2.9x -15.8x
$441M 6.0x -9.0x
$441M 1.5x 8.8x
$437M 5.1x -31.4x
$429M 12.6x 25.9x
$424M 3.6x 39.7x
$416M 0.9x 6.5x
$381M 1.0x 3.2x
$380M 13.6x n/a
$373M n/a n/a
$371M 0.6x 9.2x
$366M 1.3x 47.8x
$362M 1.7x -58.1x
$356M 157.3x -23.2x
$354M 6.1x 22.3x
$346M 5.8x 17.9x
$340M 1.7x 21.0x
$338M n/a n/a
$329M 9.6x -28.6x
$328M n/a n/a
$322M 1.2x 8.1x
$321M n/a n/a
$315M 11.8x 33.4x
$300M n/a n/a
$299M 0.2x 7.6x
$299M 0.7x 10.6x
$299M 1.9x 9.2x
$285M 3.0x n/a
$280M 22.8x n/a
$273M 520.2x -6.5x
$256M 1.1x 4.8x
$254M 5.3x 19.5x
$254M 1.2x 35.7x
$245M 28.2x -3.5x
$243M 0.6x 5.2x
$240M 3.5x n/a
$229M 7.8x 42.9x
$227M 6.4x -9.7x
$225M 1.9x -3.8x
$221M 20.5x -101.9x
$219M 41.2x -4.6x
$215M n/a -5.6x
$201M n/a n/a
$193M 21.9x -3.8x
$191M n/a n/a
$190M n/a n/a
$179M 40.7x -3.9x
$175M 1.4x 9.2x
$175M 0.6x 5.0x
$171M 32.0x -50.0x
$171M 2.2x -4.3x
$163M 7.0x -37.5x
$157M 0.6x 2.8x
$156M 0.9x -2.1x
$156M 2.5x 11.9x
$150M n/a n/a
$149M 1.1x 5.6x
$144M 0.7x -3.7x
$142M 4.6x 22.7x
$141M 5.4x 57.5x
$141M 2.1x 11.0x
$141M 2.4x -48.7x
$140M 0.4x 4.9x
$137M 2.0x 8.7x
$135M n/a n/a
$130M 8.2x -32.6x
$127M 1.0x 33.7x
$125M 2.3x -2.7x
$125M 1.9x 13.4x
$118M 1.4x -4.1x
$118M 2.9x -3.3x
$114M 1.5x -2.8x
$113M 9.8x -2.3x
$112M 3.7x -2.5x
$111M 5.6x -45.8x
$109M 2.1x 38.8x
$106M 0.7x 5.8x
$106M 4.3x 84.3x
$103M 2.0x 21.6x
$98.6M 2.0x 11.5x
$97.2M 2.4x -21.4x
$97.1M 1.1x -2.1x
$94.9M n/a n/a
$94.6M 1.1x -160.1x
$94.2M n/a n/a
$94.1M 20.4x -4.7x
$94.1M 34.7x -1.2x
$93.2M 21.8x -1.0x
$93.0M 29.7x -1.3x
$89.2M 1.6x -4.0x
$86.6M 11.7x n/a
$86.0M n/a n/a
$85.0M 4.6x -27.0x
$83.7M 209.6x -4.0x
$83.5M 12.8x -3.2x
$82.5M 1.3x 7.3x
$81.0M 78.5x -4.5x
$79.2M n/a n/a
$78.3M 0.4x 4.5x
$77.5M 0.6x 8.5x
$77.4M n/a -4.3x
$76.7M 3.4x -18.6x
$76.1M n/a n/a
$75.9M 0.2x -14.2x
$75.9M n/a n/a
$75.5M 2.9x -6.1x
$75.0M 26.6x -1.1x
$71.3M 2.6x -3.3x
$68.7M 0.8x 19.1x
$68.4M 1.4x -6.1x
$66.7M 1.7x n/a
$65.9M 5.0x 29.4x
$65.8M 8.7x -23.5x
$62.7M 3.0x 13.8x
$60.9M n/a n/a
$60.0M 1.4x 8.4x
$57.6M n/a -8.5x
$56.6M n/a n/a
$55.2M n/a n/a
$55.1M 6.7x -6.0x
$54.7M 12.5x n/a
$54.7M 7.7x -1.7x
$52.8M 234.7x n/a
$52.8M 0.7x -1.7x
$51.3M 0.8x -2.3x
$50.7M 0.9x -3.0x
$46.2M 7.5x -9.7x
$46.1M n/a n/a
$45.4M 1.5x 24.6x
$43.9M 17.5x n/a
$43.2M 6.9x -9.4x
$42.0M 0.7x 9.9x
$41.8M n/a n/a
$40.9M n/a n/a
$40.3M 4.1x -8.6x
$39.9M 7.4x -13.1x
$39.3M 2.3x 12.1x
$36.7M 3.8x -10.8x
$34.7M 14.8x n/a
$34.2M 14.8x n/a
$32.8M 1.2x n/a
$32.2M 1.0x -0.9x
$32.0M n/a n/a
$31.3M n/a n/a
$31.1M n/a n/a
$30.8M 4.4x n/a
$28.3M n/a n/a
$28.2M 12.6x -1.6x
$28.0M n/a n/a
$27.8M n/a n/a
$27.1M 2.8x -3.2x
$26.0M 32.7x -4.2x
$24.8M n/a n/a
$24.3M n/a n/a
$23.6M 2.8x -19.1x
$22.1M n/a -0.4x
$21.9M 1.5x 44.7x
$19.2M n/a n/a
$19.1M n/a n/a
$19.1M 0.4x 4.5x
$19.0M 1.9x 538.6x
$16.2M n/a -14.3x
$16.2M 85.4x n/a
$15.7M 0.3x n/a
$15.4M n/a n/a
$14.2M n/a n/a
$13.8M 1.0x -0.4x
$13.5M n/a n/a
$13.4M n/a n/a
$13.2M 3.8x -1.9x
$12.8M n/a n/a
$12.7M n/a n/a
$12.5M 0.8x 5.5x
$12.5M 0.4x -0.2x
$12.4M n/a n/a
$12.2M n/a n/a
$11.6M n/a n/a
$11.5M 1.3x -9.8x
$11.2M n/a n/a
$10.7M n/a n/a
$10.6M n/a n/a
$10.4M n/a n/a
$10.2M 3.7x n/a
$9.3M 1.6x -3.0x
$9.3M n/a n/a
$9.0M 14.2x -1.2x
$8.9M 0.3x n/a
$8.7M n/a n/a
$8.6M 2.8x n/a
$8.6M n/a n/a
$7.9M n/a n/a
$7.7M n/a n/a
$7.6M 5.2x -4.5x
$7.2M n/a n/a
$7.0M n/a n/a
$6.9M n/a n/a
$5.9M n/a n/a
$5.6M n/a n/a
$5.6M 1.4x -0.8x
$5.4M n/a n/a
$4.9M n/a n/a
$4.9M n/a n/a
$4.6M n/a n/a
$4.4M n/a n/a
$4.3M 0.1x 2.3x
$4.1M n/a n/a
$3.7M n/a n/a
$3.5M n/a n/a
$3.4M 10.7x -4.8x
$3.3M n/a n/a
$3.0M n/a n/a
$3.0M n/a n/a
$2.6M 0.3x 2.6x
$2.2M n/a n/a
$2.0M n/a n/a
$1.7M n/a n/a
$1.5M n/a n/a
$1.4M n/a n/a
$1.3M n/a n/a
$1.2M 0.8x -0.5x
$1.1M n/a n/a
$0.8M n/a n/a
$0.6M n/a n/a
-$0.2M n/a n/a
-$0.3M -0.0x 0.3x
-$2.7M n/a n/a
-$7.5M -6.1x 0.1x
-$9.6M n/a n/a
-$9.8M -3.9x n/a
-$16.5M -0.6x n/a
-$20.9M -0.1x 1.6x
-$27.2M -0.2x 0.6x

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

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