INCY EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
INCY's ev/ebitda is lower than 83% of the last 10 years.
EV/EBITDA History
INCY EV/EBITDA by year
Yearly range of INCY’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 7.5 to 145.7, averaging 31.2.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 8.4 | 9.8 | 11.3 | 10.8 |
| 2025 | 8.5 | 18.7 | 32.4 | 9.8 |
| 2024 | 7.5 | 21.2 | 41.3 | 29.4 |
| 2023 | 11.9 | 19.0 | 27.4 | 15.2 |
| 2022 | 17.9 | 22.2 | 25.7 | 24.2 |
| 2021 | 17.9 | 26.8 | 36.7 | 22.7 |
| 2020 | 22.2 | 27.1 | 31.3 | 25.8 |
| 2019 | 29.2 | 55.8 | 104.3 | 31.9 |
| 2018 | 73.4 | 73.4 | 73.4 | 73.4 |
| 2017 | 97.6 | 121.4 | 145.7 | 131.4 |
| 2016 | 66.4 | 82.3 | 111.5 | 79.9 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is INCY EV/EBITDA High or Low Right Now?
Incyte Corporation's EV/EBITDA is currently 10.8, which is historically cheap relative to its 10-year historical range. The 10-year median EV/EBITDA for INCY is approximately 24.1. See all INCY valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.