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Zenas BioPharmaZBIO +3.30%8 EV-to-EBITDA is -3.85 as of Sep. 21, 2026. GuruFocus rates ZBIO with a GF Score™ of 8/100. The stock has 3 warning signs investors should review. Among 430 Biotechnology companies, Zenas BioPharma ranks worse than 232557.91% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Zenas BioPharma's enterprise value is $1,769.72 Mil.
Zenas BioPharma's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $-459.87 Mil. Therefore, Zenas BioPharma's EV-to-EBITDA for today is -3.85.
The historical rank and industry rank for Zenas BioPharma's EV-to-EBITDA or its related term are showing as below:
ZBIO'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -11.82 Med: -2.47 Max: 0.37
Current: -3.85
During the past 4 years, the highest EV-to-EBITDA of Zenas BioPharma was 0.37. The lowest was -11.82. And the median was -2.47.
ZBIO's EV-to-EBITDA is ranked worse than 100% of 430
companies
in the Biotechnology industry
Industry Median: 13.015
vs ZBIO: -3.85
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.
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.
Zenas BioPharma's PE Ratio (TTM) for today is calculated as:
Zenas BioPharma's share price for today is $32.55.
Zenas BioPharma'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 $-9.615.
* 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 Zenas BioPharma'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.
For the Biotechnology subindustry, Zenas BioPharma'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.
Zenas BioPharma EV-to-EBITDA vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Zenas BioPharma's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Zenas BioPharma's EV-to-EBITDA falls into.
Zenas BioPharma's current Enterprise Value is $1,769.72 Mil.
Zenas BioPharma'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 $-459.87 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.
Zenas BioPharma (ZBIO) has a EV-to-EBITDA of -3.85 as of Sep. 21, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Zenas BioPharma. According to the industry distribution chart, Zenas BioPharma ranks #999999 out of 430 companies in the Biotechnology industry.
Is Zenas BioPharma's EV-to-EBITDA too high?
Zenas BioPharma's current EV-to-EBITDA is -3.85. Based on the distribution chart, Zenas BioPharma ranks #999999 out of 430 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Zenas BioPharma has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does Zenas BioPharma's EV-to-EBITDA compare to STOK and ZYME?
According to the Biotechnology industry distribution chart, Zenas BioPharma ranks #999999 out of 430 companies for EV-to-EBITDA. This places Zenas BioPharma in the lower half of its industry. The industry median EV-to-EBITDA is 13.02. 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 13.02, based on 430 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 Zenas BioPharma. For the Biotechnology industry, the median EV-to-EBITDA is 13.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zenas BioPharma's current EV-to-EBITDA is -3.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zenas BioPharma stock overvalued right now?
Zenas BioPharma (ZBIO) has a current EV-to-EBITDA of -3.85. The current EV-to-EBITDA is -3.85. Zenas BioPharma's overall GF Score™ is 8/100 with 3 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 Zenas BioPharma (ZBIO), the current EV-to-EBITDA is -3.85 as of Sep. 21, 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.
Zenas BioPharma Inc is a clinical-stage biopharmaceutical company. Its I&I product candidate, obexelimab, is a bifunctional monoclonal antibody designed to bind both CD19 and FcyRIIb, which are present across B cell lineage, in order to inhibit the activity of cells that are implicated in many autoimmune diseases without depleting them. The Company manages its operations on a consolidated basis as a single reportable segment focused on the research, development and commercialization of transformative immunology-based therapies.
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