Co-Diagnostics Inc
NASDAQ:CODX
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EV/EBIT
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBIT returns to its 3-Year Average (0.3), the stock would be worth $1.29 (6% downside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.3 | $1.37 |
0%
|
| 3-Year Average | 0.3 | $1.29 |
-6%
|
| 5-Year Average | 0.5 | $2.31 |
+68%
|
| Industry Average | 19.2 | $91.51 |
+6 580%
|
| Country Average | 19.6 | $93.29 |
+6 709%
|
Forward EV/EBIT
Today’s price vs future ebit
| Today's Enterprise Value | EBIT | Forward EV/EBIT | ||
|---|---|---|---|---|
|
$-8.9m
|
/ |
Jan 2026
$-31.3m
|
= |
|
|
$-8.9m
|
/ |
Dec 2026
$-33.4m
|
= |
|
|
$-8.9m
|
/ |
Dec 2027
$-38.5m
|
= |
|
Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| US |
|
Co-Diagnostics Inc
NASDAQ:CODX
|
2.9m USD | 0.3 | -0.1 | |
| US |
|
Abbott Laboratories
NYSE:ABT
|
174.2B USD | 21 | 26.7 | |
| US |
|
Intuitive Surgical Inc
NASDAQ:ISRG
|
160B USD | 52.1 | 56 | |
| US |
|
Stryker Corp
NYSE:SYK
|
129.7B USD | 24.7 | 40 | |
| IE |
|
Medtronic PLC
NYSE:MDT
|
111.9B USD | 19.5 | 24.3 | |
| US |
|
Boston Scientific Corp
NYSE:BSX
|
91.6B USD | 25.2 | 31.6 | |
| DE |
|
Siemens Healthineers AG
XETRA:SHL
|
42.6B EUR | 15.9 | 20.2 | |
| US |
|
IDEXX Laboratories Inc
NASDAQ:IDXX
|
44.9B USD | 33.2 | 42.4 | |
| US |
|
Edwards Lifesciences Corp
NYSE:EW
|
45.2B USD | 25.2 | 42.1 | |
| US |
|
Becton Dickinson and Co
NYSE:BDX
|
43.9B USD | 16.8 | 25 | |
| US |
|
GE Healthcare Technologies Inc
NASDAQ:GEHC
|
33.4B USD | 13.9 | 16 |
Market Distribution
| Min | 0 |
| 30th Percentile | 13.6 |
| Median | 19.6 |
| 70th Percentile | 27.8 |
| Max | 1 826 183.2 |
Other Multiples
Co-Diagnostics Inc
Glance View
Co-Diagnostics, Inc. engages in the development and innovation of molecular tools for detection of infectious diseases, liquid biopsy for cancer screening, and agricultural applications. The company is headquartered in Salt Lake City, Utah and currently employs 101 full-time employees. The company went IPO on 2017-07-12. The firm is engaged in developing, manufacturing and marketing diagnostics technology. Its reagents are used for diagnostic tests that function via the detection and/or analysis of nucleic acid molecules, such as deoxyribonucleic acid and ribonucleic acid. The company also sells diagnostic equipment from other manufacturers as self-contained lab systems (MDx device). The firm uses its proprietary test design system and proprietary reagents to design and sell polymerase chain reaction diagnostic tests for diseases and pathogens starting with tests for tuberculosis, a drug resistant tuberculosis test, hepatitis B and C, Malaria, dengue, human immunodeficiency virus and Zika virus, all of which tests have been designed and validated in its laboratory. Its diagnostics systems enable molecular testing for organisms and genetic diseases by automating historically complex procedures in both the development and administration of tests.
