UPB (Upstream Bio) EV-to-EBITDA: -0.32 (As of Jul. 25, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

UPB Upstream Bio Inc UPB
10 GF Score
Price $6.41
! 1 Warning Sign
View Full Analysis

What is Upstream Bio EV-to-EBITDA?

Upstream Bio UPB +0.16% 10 EV-to-EBITDA is -0.32 as of Jul. 25, 2026. GuruFocus rates UPB with a GF Score™ of 10/100. The stock has 1 warning sign investors should review. Among 402 Biotechnology companies, Upstream Bio ranks worse than 248755.97% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Upstream Bio's enterprise value is $55.37 Mil. Upstream Bio's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-171.77 Mil. Therefore, Upstream Bio's EV-to-EBITDA for today is -0.32.

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

UPB' s EV-to-EBITDA Range Over the Past 10 Years
Min: -17.12   Med: -1.69   Max: 1.29
Current: -0.32

During the past 4 years, the highest EV-to-EBITDA of Upstream Bio was 1.29. The lowest was -17.12. And the median was -1.69.

UPB's EV-to-EBITDA is ranked worse than
100% of 402 companies
in the Biotechnology industry
Industry Median: 12.2 vs UPB: -0.32

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 (2026-07-25), Upstream Bio's stock price is $6.41. Upstream Bio's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-2.903. Therefore, Upstream Bio'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).


Upstream Bio  (NAS:UPB) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=6.41/-2.903
=At Loss

Upstream Bio's share price for today is $6.41.
Upstream Bio's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.903.

* 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?


Upstream Bio EV-to-EBITDA Related Terms


Upstream Bio EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Upstream Bio'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.

Upstream Bio EV-to-EBITDA Chart

Upstream Bio Annual Data
Trend Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
0.00 0.00 -5.31 -7.07

Upstream Bio Quarterly Data
Dec22 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.07 -1.64 -4.59 -7.07 -1.14

UPB vs OABI, VNDA, LXEO: EV-to-EBITDA Comparison

For the Biotechnology subindustry, Upstream Bio'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.


Upstream Bio EV-to-EBITDA vs Biotechnology Industry

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

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


UPB
10GF Score
Upstream Bio Inc UPB
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Upstream Bio EV-to-EBITDA Calculation

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

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=55.367/-171.769
=-0.32

Upstream Bio's current Enterprise Value is $55.37 Mil.
Upstream Bio's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-171.77 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 -0.32 mean?
Upstream Bio (UPB) has a EV-to-EBITDA of -0.32 as of Jul. 25, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Upstream Bio. According to the industry distribution chart, Upstream Bio ranks #999999 out of 402 companies in the Biotechnology industry.
Is Upstream Bio's EV-to-EBITDA too high?
Upstream Bio's current EV-to-EBITDA is -0.32. Based on the distribution chart, Upstream Bio ranks #999999 out of 402 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Upstream Bio has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Upstream Bio's EV-to-EBITDA compare to OABI and VNDA?
According to the Biotechnology industry distribution chart, Upstream Bio ranks #999999 out of 402 companies for EV-to-EBITDA. This places Upstream Bio in the lower half of its industry. The industry median EV-to-EBITDA is 12.20. 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 12.20, 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. 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 Upstream Bio. For the Biotechnology industry, the median EV-to-EBITDA is 12.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Upstream Bio's current EV-to-EBITDA is -0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Upstream Bio stock overvalued right now?
Upstream Bio (UPB) has a current EV-to-EBITDA of -0.32. The current EV-to-EBITDA is -0.32. Upstream Bio's overall GF Score™ is 10/100 with 1 warning sign 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 Upstream Bio (UPB), the current EV-to-EBITDA is -0.32 as of Jul. 25, 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.

Upstream Bio Business Description

Address 890 Winter Street, Suite 200, Waltham, MA, USA, 02451
Upstream Bio Inc is a clinical-stage biotechnology company developing treatments for inflammatory diseases, with an initial focus on severe respiratory disorders. It is developing verekitug, the known antagonist currently in clinical development that targets the receptor for Thymic Stromal Lymphopoietin (TSLP), a cytokine that is a clinically validated driver of inflammatory response positioned upstream of multiple signaling cascades that affect a variety of immune-mediated diseases. Verekitug has advanced into three separate world-wide, placebo-controlled, randomized Phase 2 clinical trials, two completed in chronic rhinosinusitis with nasal polyps (CRSwNP) and severe asthma, and one ongoing in chronic obstructive pulmonary disease (COPD).
10GF Score

Get the complete analysis for UPB

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

$6.41
Price