ALVO vs AMPH vs ELTP Stock Comparison

Alvotech, Amphastar Pharmaceuticals and Elite Pharmaceuticals Prices as of Oct 26, 2026 Peers: Industry group
ALVO Alvotech
$4.62 -19.7% 1M -45.0% 1Y
Market cap
$1.36B
P/E
–
Revenue (TTM)
$105.94M
Div. yield
–
Generic Drugs Healthcare
1 win

Head to Head

10 decided of 12

Elite Pharmaceuticals leads on 7 of the 12 questions below (Elite Pharmaceuticals 7, Amphastar Pharmaceuticals 2, Alvotech 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionALVOAMPHELTPLeader
Larger companyMarket capitalisation $1.36B $1.12B $258.54M ALVO
Cheaper on earningsLower P/E, profitable companies only -5.2x 14.2x 4.6x ELTP
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 8.2x — –
Faster revenue growthRevenue growth, trailing twelve months -74.3% +1.0% +33.7% ELTP
More profitableNet margin, trailing twelve months -248.0% 10.8% 40.2% ELTP
Better return on capitalReturn on invested capital 4.4% 6.4% 29.2% ELTP
Less leveragedLower net debt / EBITDA 13.1x 1.8x -1.0x ELTP
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -45.0% +3.9% -61.9% AMPH
Better 5-year returnAnnualised price return, 5 years -14.1%/yr +6.8%/yr +43.1%/yr ELTP
Less volatileAnnualised volatility, 1 year 81.8% 54.3% 57.5% AMPH
Higher overall scoreMean of the five percentile scores vs peers 47/100 73/100 88/100 ELTP

Percentile Scorecard

ALVOAMPHELTP

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisALVOAMPHELTP
Valuation 72 #178 of 626 99 #8 of 626 98 #16 of 626
Growth 35 #396 of 604 43 #347 of 604 91 #53 of 604
Profitability 68 #177 of 555 87 #72 of 555 91 #51 of 555
Financial Health 15 #557 of 658 37 #412 of 658 76 #157 of 658
Shareholder Returns – 99 #4 of 368 86 #53 of 368
Overall 47 73 88
  • ALVO ranked among 673 companies in Pharmaceuticals and Biotechnology
  • AMPH ranked among 673 companies in Pharmaceuticals and Biotechnology
  • ELTP ranked among 673 companies in Pharmaceuticals and Biotechnology

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodALVOAMPHELTPSPY
1 month -19.7%-2.5%-7.7% -0.8%
3 months +50.0%+32.8%-36.8% +3.5%
6 months +40.0%+17.6%-31.4% +7.0%
Year to date -9.9%-4.9%-51.0% +12.2%
1 year -45.0%+3.9%-61.9% +13.0%
3 years -48.6%-42.9%+100.0% +86.3%
3 years, per year -19.9%-17.1%+26.0% +23.1%
5 years -53.3%+38.7%+500.0% +68.6%
5 years, per year -14.1%+6.8%+43.1% +11.0%
10 years —+40.1%+50.0% +258.0%
10 years, per year —+3.4%+4.1% +13.6%

Risk

MeasureALVOAMPHELTPSPY
Volatility, 1Y 81.8%54.3%57.5% 12.7%
Downside volatility, 1Y 86.1%66.4%71.6% 12.7%
Beta vs S&P 500, 1Y 0.730.580.69 1.00
Return / volatility, 1Y -0.550.07-1.08 1.02
Max drawdown, 5Y -82.6%-74.0%-71.4% -25.4%
From 52-week high -43.2%-13.4%-64.7% -1.8%
52-week high $8.13$29.40$0.68 $779.14
52-week low $3.00$16.87$0.22 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleALVOAMPHELTP
P/E now vs peer median -5.1xmedian 17.1x 14.2xmedian 17.1x 4.6xmedian 17.1x
P/S now vs peer median 13.6xmedian 8.8x 1.5xmedian 8.8x 1.8xmedian 8.8x
EV/EBITDA now vs peer median 29.3xmedian 17.1x 8.0xmedian 17.1x 6.1xmedian 17.1x
P/FCF now vs peer median -5.5xmedian 18.0x 7.1xmedian 18.0x 14.8xmedian 18.0x
P/B now vs peer median -7.5xmedian 2.1x 1.4xmedian 2.1x 2.5xmedian 2.1x
PEG now vs peer median -0.21median 0.31 -5.53median 0.31 0.04median 0.31

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsALVOAMPHELTP
Revenue $105.94M $730.02M $141.01M
Gross profit $7.66M $348.11M $61.31M
Operating income $47.54M $114.29M $34.94M
Net income -$179.60M $78.55M $56.67M
Free cash flow -$261.39M $152.89M $17.53M
R&D $46.37M $94.57M $6.10M
EPS (diluted) $-0.90 $1.78 $0.05
Cash & equivalents $142.80M $223.61M $39.42M
Total debt $1.31B $612.05M $9.58M
Shares (diluted) 291.34M 44.23M 1.13B
Enterprise value $928.36M -$25.99M $140.21M

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricALVOAMPHELTP
P/E -5.1x 14.2x 4.6x
P/FCF -5.5x 7.1x 14.8x
P/Operating cash flow -7.3x 5.9x 13.6x
P/S 13.6x 1.5x 1.8x
P/B -7.5x 1.4x 2.5x
P/Tangible book -4.3x 1.5x 2.6x
EV/EBITDA 29.3x 8.0x 6.1x
EV/EBIT 54.8x 12.3x 6.3x
EV/Revenue 24.6x 1.9x 1.6x
EV/FCF -10.0x 9.2x 12.6x
EV/Operating cash flow -13.1x 7.6x 11.6x
PEG (3Y EPS CAGR) -0.21 -5.53 0.04

Growth

14 metrics
MetricALVOAMPHELTP
Revenue growth (1Y) -74.3% 1.0% 33.7%
Revenue CAGR (3Y) 104.2% 10.5% 58.4%
Gross profit growth (1Y) -95.0% -3.4% 4.2%
Gross profit CAGR (3Y) 27.6% 8.0% 53.5%
Operating income growth (1Y) -13.3% -37.1% -6.7%
Operating income CAGR (3Y) 28.9% -4.5% 101.7%
Net income growth (1Y) -383.6% -41.7% 624.0%
Net income CAGR (3Y) 24.4% -8.3% 134.4%
EPS growth (1Y) -481.6% -36.5% 596.0%
EPS CAGR (3Y) 24.6% -2.6% 118.3%
Operating cash flow growth (1Y) -367.1% 15.6% -0.2%
Operating cash flow CAGR (3Y) 12.8% 12.1% 152.2%
Free cash flow growth (1Y) -113.0% 36.3% -2.8%
Free cash flow CAGR (3Y) 8.6% 15.0% 81.0%

Profitability

14 metrics
MetricALVOAMPHELTP
Gross margin 7.2% 47.7% 43.5%
EBITDA margin 83.9% 23.9% 25.9%
Operating margin 44.9% 15.7% 24.8%
Pretax margin -62.1% 14.0% 46.2%
Net margin -248.0% 10.8% 40.2%
FCF margin -246.7% 20.9% 12.4%
Operating cash flow margin -187.6% 25.3% 13.5%
Return on equity – 10.2% 55.6%
Return on assets -17.5% 4.6% 40.8%
Return on invested capital 4.4% 6.4% 29.2%
Return on capital employed 4.1% 8.0% 32.2%
Asset turnover 0.1x 0.4x 1.0x
Cash conversion (OCF / net income) 1.1x 2.4x 0.3x
Stock comp / revenue 8.7% 4.0% 0.1%

Financial Health

11 metrics
MetricALVOAMPHELTP
Debt / assets 82.3% 35.1% 1.7%
Debt / equity -6.8x 0.8x 0.0x
Net debt / EBITDA 13.1x 1.8x -1.0x
Debt / FCF -5.0x 4.0x 0.1x
Liabilities / assets 112.1% 55.9% 24.9%
Equity / assets -12.1% 44.1% 75.1%
Interest coverage 0.8x 4.4x 69.4x
Current ratio 1.6x 2.4x 3.8x
Quick ratio 1.1x 1.7x 3.0x
Cash ratio 0.4x 1.1x 1.3x
Altman Z-score -1.37 2.12 6.31

Shareholder Returns

7 metrics
MetricALVOAMPHELTP
Dividend yield – – –
Net buyback yield – 9.0% -0.1%
Shareholder yield – 9.0% -0.1%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusALVOAMPHELTP
Forward P/E – 8.2xFY2026 –
EPS, next fiscal year $-0.01FY2026 $3.09FY2026 –
EPS growth, next FY – -4.9%FY2026 –
EPS growth, the year after – +9.4% –
Revenue, next fiscal year $556.32MFY2026 $790.23MFY2026 –
Revenue growth, next FY -6.2%FY2026 +9.8%FY2026 –
Revenue growth, the year after +23.2% -5.4% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALVOAMPHELTP
Held by institutions 14.7% 64.8% 0.0%
Institutions holding 72 209 1
Change in shares held, QoQ +152.4% -11.7% –
Institutions buying 44 96 1
Institutions selling 17 74 0
Buyers to sellers 2.59 1.30 –

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ALVOAMPHELTP
ALVO 1.00 0.11 0.00
AMPH 0.11 1.00 -0.04
ELTP 0.00 -0.04 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, ALVO, AMPH and ELTP?

Alvotech (ALVO) is the largest by market capitalisation: Alvotech (ALVO) $1.36B, Amphastar Pharmaceuticals (AMPH) $1.12B, Elite Pharmaceuticals (ELTP) $258.54M.

Which stock is cheaper, ALVO, AMPH and ELTP?

Elite Pharmaceuticals (ELTP) trades on the lowest price-to-earnings ratio (Alvotech (ALVO) -5.2x, Amphastar Pharmaceuticals (AMPH) 14.2x, Elite Pharmaceuticals (ELTP) 4.6x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Elite Pharmaceuticals (ELTP) grew revenue fastest over the trailing twelve months: Alvotech (ALVO) -74.3%, Amphastar Pharmaceuticals (AMPH) +1.0%, Elite Pharmaceuticals (ELTP) +33.7%.

Which company is more profitable?

Elite Pharmaceuticals (ELTP) has the highest net margin (Alvotech (ALVO) -248.0%, Amphastar Pharmaceuticals (AMPH) 10.8%, Elite Pharmaceuticals (ELTP) 40.2%). On return on invested capital, Elite Pharmaceuticals (ELTP) leads (Alvotech (ALVO) 4.4%, Amphastar Pharmaceuticals (AMPH) 6.4%, Elite Pharmaceuticals (ELTP) 29.2%).

Which stock has performed better?

Over the past year Amphastar Pharmaceuticals (AMPH) returned the most: Alvotech (ALVO) -45.0%, Amphastar Pharmaceuticals (AMPH) +3.9%, Elite Pharmaceuticals (ELTP) -61.9%. Over five years, Elite Pharmaceuticals (ELTP) compounded fastest (Alvotech (ALVO) -14.1%/yr, Amphastar Pharmaceuticals (AMPH) +6.8%/yr, Elite Pharmaceuticals (ELTP) +43.1%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Amphastar Pharmaceuticals (AMPH) has been the steadiest (Alvotech (ALVO) 81.8%, Amphastar Pharmaceuticals (AMPH) 54.3%, Elite Pharmaceuticals (ELTP) 57.5%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ALVO, AMPH and ELTP?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Elite Pharmaceuticals (ELTP) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.