As of 2025-05-17, the EV/EBITDA ratio of Covetrus Inc (CVET) is 23.2. EV/EBITDA ratio is calculated by dividing the enterprise value by the TTM EBITDA. CVET's latest enterprise value is 3,903 mil USD. CVET's TTM EBITDA according to its financial statements is 168 mil USD. Dividing these 2 quantities gives us the above CVET EV/EBITDA ratio.

	Range	Selected
Trailing EV/EBITDA multiples	10.5x - 11.3x	10.8x
Forward EV/EBITDA multiples	12.5x - 13.5x	12.7x
Fair Price	2.19 - 6.66	4.19
Upside	-89.6% - -68.3%	-80.0%

20.99 USD

Stock Price

4.19 USD

Fair Price

TRADING MULTIPLES

CVET EV/EBITDA - Benchmarking against peers

(USD in millions except Fair Price)
		Trailing	Forward
	Market Cap (USD mil)	EV/EBITDA	EV/EBITDA
Covetrus Inc	2,941	23.2x	38.6x
Amerisourcebergen Corp	36,150	10.4x	13.7x
Apria Inc	1,337	6.8x	6.7x
Cardinal Health Inc	37,262	13.2x	7x
Henry Schein Inc	8,827	10.8x	12.5x
Mckesson Corp	90,761	14.5x	16.4x
Owens & Minor Inc	570	4.7x	20.5x
Patterson Companies Inc	2,772	10.2x	11.4x
PetIQ Inc	926	11.4x	12.7x

Industry median		10.8x	12.7x
(*) EBITDA		168	101
Enterprise value		1,814	1,285

(-) Net debt		962	962
Equity value		852	323

(/) Outstanding shares		140	140
Fair price		6	2

CVET EV/EBITDA

CVET EV/EBITDA - Benchmarking against peers

CVET EV/EBITDA - Historical EV/EBITDA Data