Incyte Corporation INCY
- Market cap
- $26.1B
- P/E
- 15.4×
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Incyte Corporation (INCY) EV/EBITDA
As of 28 September 2026, Incyte Corporation (INCY) trades at a EV/EBITDA of 10.9×. Over the past ten years it has ranged from 0.0× (March 2021) to 99,927× (August 2017); the current reading is higher than 28% of that period. That is above the Biotechnology industry median of 0.7× and in line with the Healthcare sector median of 10.5×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 9.8× | (87.91%) |
| FY2024 | 80.9× | 416.50% |
| FY2023 | 15.7× | (29.87%) |
| FY2022 | 22.3× | 3.64% |
| FY2021 | 21.6× | — |
| FY2020 | 0.0× | — |
| FY2019 | 36.6× | (44.28%) |
| FY2018 | 65.6× | — |
| FY2017 | 0.0× | — |
| FY2016 | 93.7× | (53.82%) |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 9.7× | 11.98% |
| Mar 2026 | 8.7× | (11.43%) |
| Dec 2025 | 9.8× | 12.30% |
| Sep 2025 | 8.7× | 2.49% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| BNTX BioNTech SE Sponsored ADR compare | n/m |
| ROIV Roivant Sciences Ltd. compare | n/m |
| INSM Insmed, Inc. compare | n/m |
| JAZZ Jazz Pharmaceuticals PLC compare | 10.7× |
| INCY Incyte Corporation | 10.9× |
| GMAB Genmab A/S Sponsored ADR compare | 21.7× |
| RPRX Royalty Pharma PLC compare | 22.0× |
| ALNY Alnylam Pharmaceuticals, Inc. compare | 30.2× |
| ONC BeOne Medicines Ltd. - Sponsored ADR compare | 34.7× |
| Biotechnology industry median | 0.7× |
| Healthcare sector median | 10.5× |
| Market median | 10.9× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on INCY
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement