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Fonar Valuation Multiples
Discover revenue and EBITDA valuation multiples for Fonar and similar public comparables like MDxHealth, SDI Group, Laxmi Dental, NN and more.
Fonar Overview
About Fonar
Fonar Corp is a United States-based company which is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilize MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions, and injuries. The company operates through two segments namely Manufacturing and servicing of medical equipment; and the Management of diagnostic imaging centers, which generates a vast majority of the revenue.
Founded
1978
HQ

Employees
535
Website
Financials (FY)
EV
$105M
Fonar Financials
Fonar reported last fiscal year revenue of $104M and EBITDA of $19M.
In the same fiscal year, Fonar generated $43M in gross profit, $19M in EBITDA, and $8M in net income.
Fonar P&L
In the most recent fiscal year, Fonar reported revenue of $104M and EBITDA of $19M.
Fonar expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $104M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $43M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 41% | XXX | XXX | XXX |
| EBITDA | — | XXX | $19M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 18% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 11% | XXX | XXX | XXX |
| Net Profit | — | XXX | $8M | XXX | XXX | XXX |
| Net Margin | — | XXX | 8% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Fonar Stock Performance
Fonar has current market cap of $118M, and enterprise value of $105M.
Market Cap Evolution
Fonar's stock price is $18.80.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $105M | $118M | 0.0% | XXX | XXX | XXX | $1.32 |
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Start Free TrialFonar Valuation Multiples
Fonar trades at 1.0x EV/Revenue multiple, and 5.7x EV/EBITDA.
Fonar Financial Valuation Multiples
As of April 20, 2026, Fonar has market cap of $118M and EV of $105M.
Equity research analysts estimate Fonar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Fonar has a P/E ratio of 14.2x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $118M | XXX | $118M | XXX | XXX | XXX |
| EV (current) | $105M | XXX | $105M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 5.7x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 9.1x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 2.5x | XXX | XXX | XXX |
| P/E | — | XXX | 14.2x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 14.1x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Fonar Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Fonar Margins & Growth Rates
Fonar's revenue in the last fiscal year grew by 1%.
Fonar's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.1M for the same period.
Fonar Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | 1% | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 18% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (21%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 2% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 30% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Fonar Public Comps
See public comps and valuation multiples for other Medical Imaging & Diagnostics and Medical Devices comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Fonar | XXX | XXX | XXX | XXX | XXX | XXX |
| MDxHealth | XXX | XXX | XXX | XXX | XXX | XXX |
| SDI Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Laxmi Dental | XXX | XXX | XXX | XXX | XXX | XXX |
| NN | XXX | XXX | XXX | XXX | XXX | XXX |
| Viromed Medical | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Fonar M&A Activity
Fonar acquired XXX companies to date.
Last acquisition by Fonar was on XXXXXXXX, XXXXX. Fonar acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Fonar
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialFonar Investment Activity
Fonar invested in XXX companies to date.
Fonar made its latest investment on XXXXXXXX, XXXXX. Fonar invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Fonar
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Fonar
| When was Fonar founded? | Fonar was founded in 1978. |
| Where is Fonar headquartered? | Fonar is headquartered in United States. |
| How many employees does Fonar have? | As of today, Fonar has over 535 employees. |
| Who is the CEO of Fonar? | Fonar's CEO is Timothy R. Damadian. |
| Is Fonar publicly listed? | Yes, Fonar is a public company listed on Nasdaq. |
| What is the stock symbol of Fonar? | Fonar trades under FONR ticker. |
| When did Fonar go public? | Fonar went public in 1981. |
| Who are competitors of Fonar? | Fonar main competitors are MDxHealth, SDI Group, Laxmi Dental, NN. |
| What is the current market cap of Fonar? | Fonar's current market cap is $118M. |
| What is the current revenue of Fonar? | Fonar's last fiscal year revenue is $104M. |
| What is the current EV/Revenue multiple of Fonar? | Current revenue multiple of Fonar is 1.0x. |
| Is Fonar profitable? | No, Fonar is not profitable. |
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