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NeogenFRA:NG2 +3.62%68 EV-to-EBITDA is 18.49 as of Aug. 15, 2026, which is 44% below its 10-year median of 33.29. GuruFocus rates FRA:NG2 with a GF Score™ of 68/100 and a GF Value™ of €9.73 (Fairly Valued). The stock has 5 warning signs investors should review. Among 515 Medical Devices & Instruments companies, Neogen ranks worse than 61.75% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Neogen's enterprise value is €2,728.0 Mil.
Neogen's EBITDA for the trailing twelve months (TTM) ended in May. 2026 was €147.5 Mil. Therefore, Neogen's EV-to-EBITDA for today is 18.49.
The historical rank and industry rank for Neogen's EV-to-EBITDA or its related term are showing as below:
FRA:NG2'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -11.24 Med: 33.29 Max: 79.09
Current: 18.29
During the past 13 years, the highest EV-to-EBITDA of Neogen was 79.09. The lowest was -11.24. And the median was 33.29.
FRA:NG2's EV-to-EBITDA is ranked worse than 61.75% of 515
companies
in the Medical Devices & Instruments industry
Industry Median: 14.89
vs FRA:NG2: 18.29
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-08-15), Neogen's stock price is €10.14.
Neogen's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 was €-0.026. Therefore, Neogen's PE Ratio (TTM) for today is At Loss.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Neogen's share price for today is €10.14.
Neogen's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-0.026.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Neogen's EV-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
FRA:NG2 vs NVCR, AXGN, UFPT: EV-to-EBITDA Comparison
For the Medical Devices subindustry, Neogen's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Neogen EV-to-EBITDA vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Neogen's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Neogen's EV-to-EBITDA falls into.
Neogen's current Enterprise Value is €2,728.0 Mil.
Neogen's EBITDA for the trailing twelve months (TTM) ended in May. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €147.5 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Neogen (FRA:NG2) has a EV-to-EBITDA of 18.49 as of Aug. 15, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Neogen. This is 44% below median its historical median of 33.29. According to the industry distribution chart, Neogen ranks #318 out of 515 companies in the Medical Devices & Instruments industry, placing it in the top 61.7%.
Is Neogen's EV-to-EBITDA too high?
Neogen's current EV-to-EBITDA of 18.49 is 44% below median its 10-year median of 33.29. The Medical Devices & Instruments industry median EV-to-EBITDA is 14.89. Neogen's value of 18.49 is 24.2% above this industry median. Based on the distribution chart, Neogen ranks #318 out of 515 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Neogen has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Neogen's EV-to-EBITDA compare to NVCR and AXGN?
According to the Medical Devices & Instruments industry distribution chart, Neogen ranks #318 out of 515 companies for EV-to-EBITDA. This places Neogen in the lower half of its industry. The industry median EV-to-EBITDA is 14.89. Neogen's value of 18.49 is 24.2% above this benchmark. While the company's 10-year median is 33.29 vs. the industry median of 14.89, Neogen has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Medical Devices & Instruments company?
The median EV-to-EBITDA among Medical Devices & Instruments companies is 14.89, based on 515 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Neogen's current EV-to-EBITDA of 18.49 is 24.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Neogen. For the Medical Devices & Instruments industry, the median EV-to-EBITDA is 14.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Neogen's current EV-to-EBITDA is 18.49, which is 44% below median its own 10-year median of 33.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Neogen stock overvalued right now?
Based on GuruFocus' analysis, Neogen (FRA:NG2) is currently considered Fairly Valued. The stock's GF Value™ is €9.73, compared to a current price of €10.14 — trading 4.2% above its estimated fair value. The current EV-to-EBITDA is 18.49, which is 44% below median its 10-year median of 33.29 and 24.2% above the Medical Devices & Instruments industry median of 14.89. Neogen's overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Neogen (FRA:NG2), the current EV-to-EBITDA is 18.49 as of Aug. 15, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Neogen (FRA:NG2) Overvalued in 2026?
Based on GuruFocus' analysis, Neogen stock appears to be overvalued.
The current stock price of €10.14 is trading 4.2% above its estimated GF Value™ of €9.73.
GuruFocus considers Neogen to be Fairly Valued.
Key valuation signals for FRA:NG2:
EV-to-EBITDA: 18.49 (44% below median its 10-year median of 33.29)
GF Value™: €9.73 vs. price of €10.14 (4.2% above fair value)
Industry Position: 24.2% above the Medical Devices & Instruments median (#318 of 515)
No single metric tells the full story. See the FRA:NG2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Neogen Corporation, headquartered in Lansing, Michigan, develops, manufactures, and markets various products for food and animal safety. In food safety, the company performs diagnostics to detect unintended substances in food and animal feed, to prevent contamination and foodborne illnesses such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, and ruminant by-products. In animal safety, the company segment is engaged in the development, manufacture, marketing and distribution of veterinary instruments, pharmaceuticals, vaccines, topicals, parasiticides, diagnostic products, rodent control products, cleaners, disinfectants, insect control products and genomics testing services.
68GF Score
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