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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

United States

Employees

952

Financials (LTM)

Revenue: $952M
EBITDA: $375M

EV

$1B

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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

See Novavax forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$952MXXX$1BXXXXXXXXX
Gross Profit$882MXXX$1BXXXXXXXXX
Gross Margin93%XXX94%XXXXXXXXX
EBITDA$375MXXX$492MXXXXXXXXX
EBITDA Margin39%XXX44%XXXXXXXXX
EBIT Margin37%XXX49%XXXXXXXXX
Net Profit$336MXXX$440MXXXXXXXXX
Net Margin35%XXX39%XXXXXXXXX
Net Debt——$4MXXXXXXXXX

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.

See Novavax trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$1B$2B0.0%XXXXXXXXX$2.71

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Novavax Valuation Multiples

Novavax trades at 1.2x EV/Revenue multiple, and 3.0x EV/EBITDA.

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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.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$2BXXX$2BXXXXXXXXX
EV (current)$1BXXX$1BXXXXXXXXX
EV/Revenue1.2xXXX1.0xXXXXXXXXX
EV/EBITDA3.0xXXX2.3xXXXXXXXXX
EV/EBIT3.3xXXX2.1xXXXXXXXXX
EV/Gross Profit1.3xXXX1.1xXXXXXXXXX
P/E4.9xXXX3.7xXXXXXXXXX
EV/FCF(5.8x)XXX(4.9x)XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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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).

See operational valuation multiples for Novavax and other 15K+ public comps

Novavax Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth(61%)XXX(64%)XXXXXXXXX
EBITDA Margin39%XXX44%XXXXXXXXX
EBITDA Growth(108%)XXX(104%)XXXXXXXXX
Rule of 40—XXX(22%)XXXXXXXXX
Bessemer Rule of X—XXX(114%)XXXXXXXXX
Revenue per Employee—XXX$1.0MXXXXXXXXX
R&D Expenses to Revenue35%XXX31%XXXXXXXXX
Opex to Revenue—XXX45%XXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Valuation Multiples Across 230+ Verticals

Novavax Public Comps

See public comps and valuation multiples for other Biopharmaceuticals comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
Nurix TherapeuticsXXXXXXXXXXXXXXXXXX
Everest MedicinesXXXXXXXXXXXXXXXXXX
Chengdu EastonXXXXXXXXXXXXXXXXXX
Amylyx PharmaceuticalsXXXXXXXXXXXXXXXXXX
Sionna TherapeuticsXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

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).

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Latest Acquisitions by Novavax

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Novavax 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).

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Latest Investments by Novavax

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About 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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