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Royalty Pharma Valuation Multiples

Discover revenue and EBITDA valuation multiples for Royalty Pharma and similar public comparables like Roivant Sciences, Moderna, Incyte, Innovent Biologics and more.

Royalty Pharma Overview

About Royalty Pharma

Royalty Pharma PLC is the largest buyer of biopharmaceutical royalties. The firm has a portfolio of royalties that entitles it to payments based on the sales of biopharma products. Royalty Pharma receives royalties on more than 35 commercial products, including AbbVie and Johnson & Johnson's Imbruvica (for chronic lymphocytic leukemia and other blood cancers), Biogen's Tysabri (for relapsing forms of multiple sclerosis), Vertex's cystic fibrosis franchise, and 10 development-stage product candidates.


Founded

1996

HQ

United States

Employees

100

Financials (LTM)

Revenue: $3B
EBITDA: $3B

EV

$28B

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Royalty Pharma Financials

Royalty Pharma reported last 12-month revenue of $3B and EBITDA of $3B.

In the same LTM period, Royalty Pharma generated $3B in EBITDA and $3B in net income.

Revenue (LTM)


Royalty Pharma P&L

In the most recent fiscal year, Royalty Pharma reported revenue of $3B and EBITDA of $3B.

Royalty Pharma expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Royalty Pharma forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$3BXXX$3BXXXXXXXXX
EBITDA$3BXXX$3BXXXXXXXXX
EBITDA Margin93%XXX91%XXXXXXXXX
EBIT Margin93%XXX91%XXXXXXXXX
Net Profit$3BXXX$3BXXXXXXXXX
Net Margin85%XXX84%XXXXXXXXX
Net Debt——$8BXXXXXXXXX

Financial data powered by Morningstar, Inc.

Royalty Pharma Stock Performance

Royalty Pharma has current market cap of $21B, and enterprise value of $28B.

Market Cap Evolution


Royalty Pharma's stock price is $48.31.

See Royalty Pharma trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$28B$21B0.9%XXXXXXXXX$6.36

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Royalty Pharma Valuation Multiples

Royalty Pharma trades at 8.7x EV/Revenue multiple, and 9.3x EV/EBITDA.

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EV / Revenue (LTM)


Royalty Pharma Financial Valuation Multiples

As of April 10, 2026, Royalty Pharma has market cap of $21B and EV of $28B.

Equity research analysts estimate Royalty Pharma's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Royalty Pharma has a P/E ratio of 7.5x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$21BXXX$21BXXXXXXXXX
EV (current)$28BXXX$28BXXXXXXXXX
EV/Revenue8.7xXXX8.7xXXXXXXXXX
EV/EBITDA9.3xXXX9.5xXXXXXXXXX
EV/EBIT9.3xXXX9.5xXXXXXXXXX
P/E7.5xXXX7.6xXXXXXXXXX
EV/FCF9.4xXXX9.6xXXXXXXXXX

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

Verified Royalty Pharma Valuation Multiples

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Royalty Pharma Margins & Growth Rates

Royalty Pharma's revenue in the last 12 month grew by 2%.

Royalty Pharma's revenue per employee in the last FY averaged $32.5M, while opex per employee averaged $8.2M for the same period.

Royalty Pharma's rule of 40 is 133% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Royalty Pharma's rule of X is 188% (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 Royalty Pharma and other 15K+ public comps

Royalty Pharma Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth2%XXX(0%)XXXXXXXXX
EBITDA Margin93%XXX91%XXXXXXXXX
EBITDA Growth6%XXX6%XXXXXXXXX
Rule of 40—XXX133%XXXXXXXXX
Bessemer Rule of X—XXX188%XXXXXXXXX
Revenue per Employee—XXX$32.5MXXXXXXXXX
Opex per Employee—XXX$8.2MXXXXXXXXX
G&A Expenses to Revenue—XXX18%XXXXXXXXX
R&D Expenses to Revenue—XXX14%XXXXXXXXX
Opex to Revenue—XXX25%XXXXXXXXX

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

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Royalty Pharma Public Comps

See public comps and valuation multiples for other Biopharmaceuticals comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
Roivant SciencesXXXXXXXXXXXXXXXXXX
ModernaXXXXXXXXXXXXXXXXXX
IncyteXXXXXXXXXXXXXXXXXX
Innovent BiologicsXXXXXXXXXXXXXXXXXX
Revolution MedicinesXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Royalty Pharma M&A Activity

Royalty Pharma acquired XXX companies to date.

Last acquisition by Royalty Pharma was on XXXXXXXX, XXXXX. Royalty Pharma acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Royalty Pharma

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Royalty Pharma Investment Activity

Royalty Pharma invested in XXX companies to date.

Royalty Pharma made its latest investment on XXXXXXXX, XXXXX. Royalty Pharma invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Royalty Pharma

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
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About Royalty Pharma

When was Royalty Pharma founded?Royalty Pharma was founded in 1996.
Where is Royalty Pharma headquartered?Royalty Pharma is headquartered in United States.
How many employees does Royalty Pharma have?As of today, Royalty Pharma has over 100 employees.
Who is the CEO of Royalty Pharma?Royalty Pharma's CEO is Pablo Legorreta.
Is Royalty Pharma publicly listed?Yes, Royalty Pharma is a public company listed on Nasdaq.
What is the stock symbol of Royalty Pharma?Royalty Pharma trades under RPRX ticker.
When did Royalty Pharma go public?Royalty Pharma went public in 2020.
Who are competitors of Royalty Pharma?Royalty Pharma main competitors are Roivant Sciences, Moderna, Incyte, Innovent Biologics.
What is the current market cap of Royalty Pharma?Royalty Pharma's current market cap is $21B.
What is the current revenue of Royalty Pharma?Royalty Pharma's last 12 months revenue is $3B.
What is the current revenue growth of Royalty Pharma?Royalty Pharma revenue growth (NTM/LTM) is 2%.
What is the current EV/Revenue multiple of Royalty Pharma?Current revenue multiple of Royalty Pharma is 8.7x.
Is Royalty Pharma profitable?Yes, Royalty Pharma is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Royalty Pharma?Royalty Pharma's last 12 months EBITDA is $3B.
What is Royalty Pharma's EBITDA margin?Royalty Pharma's last 12 months EBITDA margin is 93%.
What is the current EV/EBITDA multiple of Royalty Pharma?Current EBITDA multiple of Royalty Pharma is 9.3x.
What is the current FCF of Royalty Pharma?Royalty Pharma's last 12 months FCF is $3B.
What is Royalty Pharma's FCF margin?Royalty Pharma's last 12 months FCF margin is 92%.
What is the current EV/FCF multiple of Royalty Pharma?Current FCF multiple of Royalty Pharma is 9.4x.

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