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Novavax Valuation Multiples
Discover revenue and EBITDA valuation multiples for Novavax and similar public comparables like Nurix Therapeutics, Everest Medicines, Chengdu Easton, Amylyx Pharmaceuticals and more.
Novavax Overview
About Novavax
Novavax Inc is a biotechnology company that develops vaccines. The company works in the clinical stage of development with a focus on delivering novel products that prevent a broad range of diseases. It works together with its wholly owned Swedish subsidiary to produce vaccine candidates to respond to both known and emerging disease threats. The company believes its vaccine technology has the potential to be applied broadly to a wide variety of human infectious diseases. The company manages its business as one operating segment, the development and commercialization of vaccines. The company generates maximum revenue from the United States.
Founded
1987
HQ

Employees
952
Website
Sectors
Financials (LTM)
EV
$1B
Novavax Financials
Novavax reported last 12-month revenue of $952M and EBITDA of $375M.
In the same LTM period, Novavax generated $882M in gross profit, $375M in EBITDA, and $336M in net income.
Revenue (LTM)
Novavax P&L
In the most recent fiscal year, Novavax reported revenue of $1B and EBITDA of $492M.
Novavax expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $952M | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | $882M | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 93% | XXX | 94% | XXX | XXX | XXX |
| EBITDA | $375M | XXX | $492M | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 44% | XXX | XXX | XXX |
| EBIT Margin | 37% | XXX | 49% | XXX | XXX | XXX |
| Net Profit | $336M | XXX | $440M | XXX | XXX | XXX |
| Net Margin | 35% | XXX | 39% | XXX | XXX | XXX |
| Net Debt | — | — | $4M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Novavax Stock Performance
Novavax has current market cap of $2B, and enterprise value of $1B.
Market Cap Evolution
Novavax's stock price is $10.11.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $2B | 0.0% | XXX | XXX | XXX | $2.71 |
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Start Free TrialNovavax Valuation Multiples
Novavax trades at 1.2x EV/Revenue multiple, and 3.0x EV/EBITDA.
EV / Revenue (LTM)
Novavax Financial Valuation Multiples
As of March 18, 2026, Novavax has market cap of $2B and EV of $1B.
Equity research analysts estimate Novavax's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Novavax has a P/E ratio of 4.9x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 1.2x | XXX | 1.0x | XXX | XXX | XXX |
| EV/EBITDA | 3.0x | XXX | 2.3x | XXX | XXX | XXX |
| EV/EBIT | 3.3x | XXX | 2.1x | XXX | XXX | XXX |
| EV/Gross Profit | 1.3x | XXX | 1.1x | XXX | XXX | XXX |
| P/E | 4.9x | XXX | 3.7x | XXX | XXX | XXX |
| EV/FCF | (5.8x) | XXX | (4.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Novavax 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.


Novavax Margins & Growth Rates
Novavax's revenue in the last 12 month declined by (61%).
Novavax's revenue per employee in the last FY averaged $1.0M.
Novavax's rule of 40 is (22%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Novavax's rule of X is (114%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Novavax Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (61%) | XXX | (64%) | XXX | XXX | XXX |
| EBITDA Margin | 39% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Growth | (108%) | XXX | (104%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (22%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (114%) | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| R&D Expenses to Revenue | 35% | XXX | 31% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 45% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Novavax Public Comps
See public comps and valuation multiples for other Biopharmaceuticals comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nurix Therapeutics | XXX | XXX | XXX | XXX | XXX | XXX |
| Everest Medicines | XXX | XXX | XXX | XXX | XXX | XXX |
| Chengdu Easton | XXX | XXX | XXX | XXX | XXX | XXX |
| Amylyx Pharmaceuticals | XXX | XXX | XXX | XXX | XXX | XXX |
| Sionna Therapeutics | 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.
Novavax M&A Activity
Novavax acquired XXX companies to date.
Last acquisition by Novavax was on XXXXXXXX, XXXXX. Novavax acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Novavax
| 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 TrialNovavax Investment Activity
Novavax invested in XXX companies to date.
Novavax made its latest investment on XXXXXXXX, XXXXX. Novavax invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Novavax
| 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 Novavax
| When was Novavax founded? | Novavax was founded in 1987. |
| Where is Novavax headquartered? | Novavax is headquartered in United States. |
| How many employees does Novavax have? | As of today, Novavax has over 952 employees. |
| Who is the CEO of Novavax? | Novavax's CEO is John C. Jacobs. |
| Is Novavax publicly listed? | Yes, Novavax is a public company listed on Nasdaq. |
| What is the stock symbol of Novavax? | Novavax trades under NVAX ticker. |
| When did Novavax go public? | Novavax went public in 1995. |
| Who are competitors of Novavax? | Novavax main competitors are Nurix Therapeutics, Everest Medicines, Chengdu Easton, Amylyx Pharmaceuticals. |
| What is the current market cap of Novavax? | Novavax's current market cap is $2B. |
| What is the current revenue of Novavax? | Novavax's last 12 months revenue is $952M. |
| What is the current revenue growth of Novavax? | Novavax revenue growth (NTM/LTM) is (61%). |
| What is the current EV/Revenue multiple of Novavax? | Current revenue multiple of Novavax is 1.2x. |
| Is Novavax profitable? | Yes, Novavax is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Novavax? | Novavax's last 12 months EBITDA is $375M. |
| What is Novavax's EBITDA margin? | Novavax's last 12 months EBITDA margin is 39%. |
| What is the current EV/EBITDA multiple of Novavax? | Current EBITDA multiple of Novavax is 3.0x. |
| What is the current FCF of Novavax? | Novavax's last 12 months FCF is ($196M). |
| What is Novavax's FCF margin? | Novavax's last 12 months FCF margin is (21%). |
| What is the current EV/FCF multiple of Novavax? | Current FCF multiple of Novavax is (5.8x). |
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