Exelixis (MIL:1EXEL) EV-to-EBITDA: 12.61 (As of Aug. 20, 2026) — 20% Below Median

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MIL:1EXEL Exelixis Inc MIL:1EXEL
74 GF Score
Price €45.90
GF Value €40.82
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Exelixis EV-to-EBITDA?

Exelixis MIL:1EXEL 74 EV-to-EBITDA is 12.61 as of Aug. 20, 2026, which is 20% below its 10-year median of 15.82. GuruFocus rates MIL:1EXEL with a GF Score™ of 74/100 and a GF Value™ of €40.82 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 402 Biotechnology companies, Exelixis ranks better than 53.98% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Exelixis's enterprise value is €11,060 Mil. Exelixis's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €877 Mil. Therefore, Exelixis's EV-to-EBITDA for today is 12.61.

The historical rank and industry rank for Exelixis's EV-to-EBITDA or its related term are showing as below:

MIL:1EXEL' s EV-to-EBITDA Range Over the Past 10 Years
Min: -177.8   Med: 15.82   Max: 206.87
Current: 12.55

During the past 13 years, the highest EV-to-EBITDA of Exelixis was 206.87. The lowest was -177.80. And the median was 15.82.

MIL:1EXEL's EV-to-EBITDA is ranked better than
53.98% of 402 companies
in the Biotechnology industry
Industry Median: 14.41 vs MIL:1EXEL: 12.55

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 (2026-08-20), Exelixis's stock price is €45.895. Exelixis's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €2.735. Therefore, Exelixis's PE Ratio (TTM) for today is 16.78.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Exelixis  (MIL:1EXEL) EV-to-EBITDA Explanation

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.

Exelixis's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=45.895/2.735
=16.78

Exelixis's share price for today is €45.895.
Exelixis's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2.735.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


Exelixis EV-to-EBITDA Related Terms


Exelixis EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Exelixis'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.

Exelixis EV-to-EBITDA Chart

Exelixis Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.69 18.34 32.85 11.77 11.52

Exelixis Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.45 12.07 11.52 10.42 12.61

MIL:1EXEL vs MDGL, AXSM, ARWR: EV-to-EBITDA Comparison

For the Biotechnology subindustry, Exelixis'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.


Exelixis EV-to-EBITDA vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Exelixis's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Exelixis's EV-to-EBITDA falls into.


MIL:1EXEL
74GF Score
Exelixis Inc MIL:1EXEL
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Exelixis EV-to-EBITDA Calculation

Exelixis's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=11060.388/877.243
=12.61

Exelixis's current Enterprise Value is €11,060 Mil.
Exelixis's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €877 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 12.61 mean?
Exelixis (MIL:1EXEL) has a EV-to-EBITDA of 12.61 as of Aug. 20, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Exelixis. This is 20% below median its historical median of 15.82. According to the industry distribution chart, Exelixis ranks #185 out of 402 companies in the Biotechnology industry, placing it in the top 46%.
Is Exelixis' EV-to-EBITDA too high?
Exelixis' current EV-to-EBITDA of 12.61 is 20% below median its 10-year median of 15.82. The Biotechnology industry median EV-to-EBITDA is 14.41. Exelixis' value of 12.61 is 12.5% below this industry median. Based on the distribution chart, Exelixis ranks #185 out of 402 companies in the Biotechnology industry, which is above the industry midpoint. Overall, Exelixis has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exelixis' EV-to-EBITDA compare to MDGL and AXSM?
According to the Biotechnology industry distribution chart, Exelixis ranks #185 out of 402 companies for EV-to-EBITDA. This puts Exelixis in the upper half of its industry. The industry median EV-to-EBITDA is 14.41. Exelixis' value of 12.61 is 12.5% below this benchmark. While the company's 10-year median is 15.82 vs. the industry median of 14.41, Exelixis has consistently been below 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 Biotechnology company?
The median EV-to-EBITDA among Biotechnology companies is 14.41, based on 402 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. Exelixis's current EV-to-EBITDA of 12.61 is 12.5% below 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 Exelixis. For the Biotechnology industry, the median EV-to-EBITDA is 14.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exelixis's current EV-to-EBITDA is 12.61, which is 20% below median its own 10-year median of 15.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exelixis stock overvalued right now?
Based on GuruFocus' analysis, Exelixis (MIL:1EXEL) is currently considered Modestly Overvalued. The stock's GF Value™ is €40.82, compared to a current price of €45.90 — trading 12.4% above its estimated fair value. The current EV-to-EBITDA is 12.61, which is 20% below median its 10-year median of 15.82 and 12.5% below the Biotechnology industry median of 14.41. Exelixis' overall GF Score™ is 74/100 with 4 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 Exelixis (MIL:1EXEL), the current EV-to-EBITDA is 12.61 as of Aug. 20, 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 Exelixis (MIL:1EXEL) Overvalued in 2026?

Based on GuruFocus' analysis, Exelixis stock appears to be overvalued. The current stock price of €45.90 is trading 12.4% above its estimated GF Value™ of €40.82. GuruFocus considers Exelixis to be Modestly Overvalued.

Key valuation signals for MIL:1EXEL:

  • EV-to-EBITDA: 12.61 (20% below median its 10-year median of 15.82)
  • GF Value™: €40.82 vs. price of €45.90 (12.4% above fair value)
  • GF Score™: 74/100 with 4 warning signs
  • Industry Position: 12.5% below the Biotechnology median (#185 of 402)

No single metric tells the full story. See the MIL:1EXEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Exelixis Business Description

Address 1851 Harbor Bay Parkway, Alameda, CA, USA, 94502
Exelixis Inc is a biopharmaceutical firm that discovers, develops, and commercializes treatments for cancer. Its molecule, cabozantinib, is indicated for the treatment of patients with metastatic medullary thyroid cancer under the name Cometriq and for the treatment of kidney and liver cancer under the name Cabometyx. Exelixis and its partner Roche have also brought Cotellic to market for the treatment of melanoma.
74GF Score

Get the complete analysis for MIL:1EXEL

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€45.90
Price
€40.82
GF Value