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EV/EBITDA

8.3
Current
3%
More Expensive
vs 3-y median of 8.1

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
8.3
=
Enterprise Value
€12.8B
/
EBITDA
€1.6B

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
8.3
=
Enterprise Value
€12.8B
/
EBITDA
€1.6B

Valuation Scenarios

Ipsen SA is trading above its 3-year average

If EV/EBITDA returns to its 3-Year Average (8.1), the stock would be worth €162.89 (3% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-22%
Maximum Upside
No Upside Scenarios
Average Downside
14%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 8.3 €167.8
0%
3-Year Average 8.1 €162.89
-3%
5-Year Average 6.9 €139.79
-17%
Industry Average 6.5 €130.98
-22%
Country Average 7.3 €146.46
-13%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
€12.8B
/
Jan 2026
€1.6B
=
8.3
Current
€12.8B
/
Dec 2026
€1.6B
=
8
Forward
€12.8B
/
Dec 2027
€1.7B
=
7.8
Forward
€12.8B
/
Dec 2028
€1.7B
=
7.6
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
FR
Ipsen SA
PAR:IPN
13.7B EUR 8.3 31.2
US
Eli Lilly and Co
NYSE:LLY
878.2B USD 28.7 42.6
US
Johnson & Johnson
NYSE:JNJ
573B USD 14.9 21.4
CH
Roche Holding AG
SIX:ROG
248.4B CHF 11.6 19.6
UK
AstraZeneca PLC
LSE:AZN
232.5B GBP 16.6 30
US
Merck & Co Inc
NYSE:MRK
297.3B USD 10.1 16.3
CH
Novartis AG
SIX:NOVN
231.4B CHF 12.8 20.6
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
155.5B USD 7.7 20
UK
GlaxoSmithKline PLC
LSE:GSK
88.4B GBP 8.4 15.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
FR
Ipsen SA
PAR:IPN
Average EV/EBITDA: 46.7
8.3
2%
4.2
US
Eli Lilly and Co
NYSE:LLY
28.7
21%
1.4
US
Johnson & Johnson
NYSE:JNJ
14.9
2%
7.4
CH
Roche Holding AG
SIX:ROG
11.6
6%
1.9
UK
AstraZeneca PLC
LSE:AZN
16.6
12%
1.4
US
Merck & Co Inc
NYSE:MRK
10.1
4%
2.5
CH
Novartis AG
SIX:NOVN
12.8
5%
2.6
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
7.7
-8%
N/A
UK
GlaxoSmithKline PLC
LSE:GSK
8.4
3%
2.8
P/E Multiple
Earnings Growth PEG
FR
Ipsen SA
PAR:IPN
Average P/E: 22.8
31.2
36%
0.9
US
Eli Lilly and Co
NYSE:LLY
42.6
31%
1.4
US
Johnson & Johnson
NYSE:JNJ
21.4
8%
2.7
CH
Roche Holding AG
SIX:ROG
19.6
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
30
25%
1.2
US
Merck & Co Inc
NYSE:MRK
16.3
14%
1.2
CH
Novartis AG
SIX:NOVN
20.6
14%
1.5
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
20
22%
0.9
UK
GlaxoSmithKline PLC
LSE:GSK
15.5
14%
1.1

Market Distribution

In line with most companies in France
Percentile
55th
Based on 1 558 companies
55th percentile
8.3
Low
0.1 — 5.3
Typical Range
5.3 — 11.7
High
11.7 —
Distribution Statistics
France
Min 0.1
30th Percentile 5.3
Median 7.3
70th Percentile 11.7
Max 1 862.3

Ipsen SA
Glance View

Market Cap
14.1B EUR
Industry
Pharmaceuticals

Ipsen SA, headquartered in France, is a prominent player in the global biopharmaceutical realm, weaving its story through its commitment to innovation and specialization. Founded in 1929, this family-owned company has evolved significantly, utilizing a diverse mix of scientific research and strategic acquisitions to fuel its growth. Ipsen operates through three principal business segments: Specialty Care, Consumer Healthcare, and Research & Development. Specialty Care, which includes oncology, neuroscience, and rare diseases, is the heart of Ipsen's portfolio, contributing the lion's share of its revenue. The company has honed its focus on developing targeted therapies for complex conditions, leveraging its adeptness in peptide and toxin research. Its success lies in the balance of nurturing homegrown research while acquiring promising biotech firms and novel therapies to expand its offerings and market reach. Beyond its scientific and research prowess, Ipsen's financial robustness stems from a well-orchestrated strategy that intertwines its business operations. The company generates substantial revenue by not only launching innovative products but also through strategic partnerships and licensing agreements that broaden its geographic footprint. Ipsen’s Consumer Healthcare segment complements its operations by delivering over-the-counter products that maintain a steady cash flow, though on a smaller scale compared to Specialty Care. Meanwhile, its Research & Development arm remains the crucible for future growth, as Ipsen invests significantly in pioneering future therapies that align with its core areas of expertise. Through this strategic tapestry, Ipsen has positioned itself as a dynamic entity in the biopharmaceutical industry, consistently striving to deliver value while advancing the frontiers of medicine.

IPN Intrinsic Value
138.53 EUR
Overvaluation 17%
Intrinsic Value
Price €167.8
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