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Elanco Animal Health Inc
NYSE:ELAN

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Elanco Animal Health Inc
NYSE:ELAN
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Price: 22.46 USD -0.66%
Market Cap: $11.2B

EV/EBITDA

15.6
Current
31%
More Expensive
vs 3-y average of 11.9

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
15.6
=
Enterprise Value
$14.7B
/
EBITDA
$932m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
15.6
=
Enterprise Value
$14.7B
/
EBITDA
$932m

Valuation Scenarios

Elanco Animal Health Inc is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (11.9), the stock would be worth $17.14 (24% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-36%
Maximum Upside
No Upside Scenarios
Average Downside
21%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 15.6 $22.46
0%
3-Year Average 11.9 $17.14
-24%
5-Year Average 12.8 $18.46
-18%
Industry Average 10.1 $14.48
-36%
Country Average 14.4 $20.64
-8%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$14.7B
/
Jan 2026
$932m
=
15.6
Current
$14.7B
/
Dec 2026
$993.4m
=
14.8
Forward
$14.7B
/
Dec 2027
$1.1B
=
13.6
Forward
$14.7B
/
Dec 2028
$1.2B
=
12.3
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
US
Elanco Animal Health Inc
NYSE:ELAN
11.2B USD 15.6 -48.1
US
Eli Lilly and Co
NYSE:LLY
853.2B USD 28.5 42.2
US
Johnson & Johnson
NYSE:JNJ
544.6B USD 16.6 25.8
CH
Roche Holding AG
SIX:ROG
248.4B CHF 11.6 19.6
UK
AstraZeneca PLC
LSE:AZN
225.4B GBP 16.2 29.2
CH
Novartis AG
SIX:NOVN
222.8B CHF 12.4 20
US
Merck & Co Inc
NYSE:MRK
278.5B USD 9.5 15.3
IE
Endo International PLC
LSE:0Y5F
244.4B USD 386.8 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.1T DKK 8 10.8
US
Pfizer Inc
NYSE:PFE
155.3B USD 7.6 19.6
US
Bristol-Myers Squibb Co
NYSE:BMY
119.6B USD 7.1 16.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Elanco Animal Health Inc
NYSE:ELAN
Average EV/EBITDA: 47.3
15.6
9%
1.7
US
Eli Lilly and Co
NYSE:LLY
28.5
21%
1.4
US
Johnson & Johnson
NYSE:JNJ
16.6
8%
2.1
CH
Roche Holding AG
SIX:ROG
11.6
6%
1.9
UK
AstraZeneca PLC
LSE:AZN
16.2
12%
1.3
CH
Novartis AG
SIX:NOVN
12.4
5%
2.5
US
Merck & Co Inc
NYSE:MRK
9.5
4%
2.4
IE
E
Endo International PLC
LSE:0Y5F
386.8
N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
8
2%
4
US
Pfizer Inc
NYSE:PFE
7.6
-8%
N/A
US
Bristol-Myers Squibb Co
NYSE:BMY
7.1
-10%
N/A
P/E Multiple
Earnings Growth PEG
US
Elanco Animal Health Inc
NYSE:ELAN
Average P/E: 22.1
Negative Multiple: -48.1
N/A N/A
US
Eli Lilly and Co
NYSE:LLY
42.2
32%
1.3
US
Johnson & Johnson
NYSE:JNJ
25.8
8%
3.2
CH
Roche Holding AG
SIX:ROG
19.6
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
29.2
25%
1.2
CH
Novartis AG
SIX:NOVN
20
14%
1.4
US
Merck & Co Inc
NYSE:MRK
15.3
14%
1.1
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
10.8
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.6
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
16.8
16%
1.1

Market Distribution

In line with most companies in the United States of America
Percentile
54th
Based on 9 875 companies
54th percentile
15.6
Low
0 — 10
Typical Range
10 — 21.5
High
21.5 —
Distribution Statistics
the United States of America
Min 0
30th Percentile 10
Median 14.4
70th Percentile 21.5
Max 1 767 274.1

Elanco Animal Health Inc
Glance View

Elanco Animal Health Inc. emerged from the hallowed halls of Eli Lilly and Company, officially standing on its own in 2018, and immediately carving out its identity as a key player in animal health. The company, headquartered in Greenfield, Indiana, prides itself on working at the intersection of science and animal well-being, bringing innovative solutions to the market. Elanco's operations revolve around two primary business segments: Companion Animal and Farm Animal. In the Companion Animal segment, the focus is squarely on developing products that improve the health and extend the lives of pets, from flea and tick treatments to vaccines that safeguard them against disease. This segment taps into the growing humanization of pets, leveraging the emotional bond between owners and animals to drive demand for premium pet healthcare products. On the other hand, Elanco's Farm Animal segment is deeply woven into the fabric of the agricultural ecosystem, serving the needs of livestock operations around the globe. This division offers a suite of products that enhance the health and productivity of cattle, swine, poultry, and aqua species, addressing concerns from disease prevention to growth efficiency. By providing antibiotics, vaccines, and other nutritional health additives, Elanco helps farmers meet the world's growing demand for protein while complying with the ever-stringent regulations on animal product safety and efficacy. The company's diversified portfolio and its global reach allow it to monetize the vast and varied animal health landscape effectively, positioning itself as a stalwart in the sector dedicated not just to animal care but to elevating the industry standards through innovation and responsible growth.

ELAN Intrinsic Value
19.99 USD
Overvaluation 11%
Intrinsic Value
Price $22.46
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