ALVO vs BHC vs ELTP Stock Comparison

Alvotech, Bausch Health Companies and Elite Pharmaceuticals Prices as of Nov 2, 2026 Peers: Industry group
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ALVO Alvotech
$4.48 -17.8% 1M -41.4% 1Y
Market cap
$1.40B
P/E
–
Revenue (TTM)
$105.94M
Div. yield
–
Generic Drugs Healthcare

Head to Head

9 decided of 12

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

QuestionALVOBHCELTPLeader
Larger companyMarket capitalisation $1.40B $3.00B $236.97M BHC
Cheaper on earningsLower P/E, profitable companies only -4.9x -3.6x 4.2x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 1.7x — –
Faster revenue growthRevenue growth, trailing twelve months -74.3% +10.8% +33.7% ELTP
More profitableNet margin, trailing twelve months -248.0% -7.6% 40.2% ELTP
Better return on capitalReturn on invested capital 4.4% 6.4% 29.2% ELTP
Less leveragedLower net debt / EBITDA 4.7x 7.4x -1.0x ELTP
Higher dividend yieldTrailing dividend yield — 0.00% — –
Better 1-year returnPrice return, last 12 months -41.4% +14.4% -64.5% BHC
Better 5-year returnAnnualised price return, 5 years -14.7%/yr -21.7%/yr +40.7%/yr ELTP
Less volatileAnnualised volatility, 1 year 70.4% 59.9% 57.7% ELTP
Higher overall scoreMean of the five percentile scores vs peers 48/100 65/100 89/100 ELTP

Percentile Scorecard

ALVOBHCELTP

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

AxisALVOBHCELTP
Valuation 73 #169 of 623 99 #6 of 623 98 #11 of 623
Growth 36 #387 of 601 60 #243 of 601 92 #51 of 601
Profitability 64 #198 of 553 86 #78 of 553 91 #50 of 553
Financial Health 17 #543 of 654 16 #547 of 654 76 #157 of 654
Shareholder Returns – – 85 #55 of 367
Overall 48 65 89
  • ALVO ranked among 671 companies in Pharmaceuticals and Biotechnology
  • BHC ranked among 671 companies in Pharmaceuticals and Biotechnology
  • ELTP ranked among 671 companies in Pharmaceuticals and Biotechnology

Price Performance

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

Returns

PeriodALVOBHCELTPSPY
1 month -17.8%+38.4%0.0% -2.3%
3 months +18.2%+14.6%-40.5% -0.7%
6 months +27.3%+45.2%-37.1% +4.8%
Year to date -12.7%+15.5%-55.1% +10.3%
1 year -41.4%+14.4%-64.5% +10.3%
3 years -49.5%+6.1%+83.3% +73.0%
3 years, per year -20.4%+2.0%+22.4% +20.1%
5 years -54.7%-70.5%+450.0% +61.9%
5 years, per year -14.7%-21.7%+40.7% +10.1%
10 years —-62.0%+29.4% +258.6%
10 years, per year —-9.2%+2.6% +13.6%

Risk

MeasureALVOBHCELTPSPY
Volatility, 1Y 70.4%59.9%57.7% 12.8%
Downside volatility, 1Y 63.2%48.8%72.2% 12.8%
Beta vs S&P 500, 1Y 0.850.990.71 1.00
Return / volatility, 1Y -0.590.24-1.12 0.80
Max drawdown, 5Y -82.6%-84.7%-71.4% -25.4%
From 52-week high -27.2%-9.7%-67.6% -3.5%
52-week high $6.15$8.89$0.68 $779.14
52-week low $3.00$4.43$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.

MultipleALVOBHCELTP
P/E now vs peer median -4.9xmedian 17.4x -3.6xmedian 17.4x 4.2xmedian 17.4x
P/S now vs peer median 13.2xmedian 8.9x 0.3xmedian 8.9x 1.7xmedian 8.9x
EV/EBITDA now vs peer median 10.3xmedian 17.0x 8.6xmedian 17.0x 5.5xmedian 17.0x
P/FCF now vs peer median -5.3xmedian 21.4x 1.6xmedian 21.4x 13.5xmedian 21.4x
P/B now vs peer median -7.3xmedian 2.1x -2.3xmedian 2.1x 2.3xmedian 2.1x
PEG now vs peer median -0.15median 0.35 -0.65median 0.35 0.04median 0.35

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 monthsALVOBHCELTP
Revenue $105.94M $11.11B $141.01M
Gross profit $7.66M $8.07B $61.31M
Operating income $47.54M $1.25B $34.94M
Net income -$179.60M -$837.00M $56.67M
Free cash flow -$261.39M $1.87B $17.53M
R&D $46.37M $638.00M $6.10M
EPS (diluted) $-0.90 $-2.22 $0.05
Cash & equivalents $142.80M $2.49B $39.42M
Total debt $1.31B $20.64B $2.36M
Shares (diluted) 291.34M 378.10M 1.13B
Enterprise value $963.04M -$2.93B $118.64M

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
MetricALVOBHCELTP
P/E -4.9x -3.6x 4.2x
P/FCF -5.3x 1.6x 13.5x
P/Operating cash flow -7.0x 1.4x 12.4x
P/S 13.2x 0.3x 1.7x
P/B -7.3x -2.3x 2.3x
P/Tangible book -4.2x -0.6x 2.4x
EV/EBITDA 10.3x 8.6x 5.5x
EV/EBIT 53.9x 17.0x 5.7x
EV/Revenue 24.2x 1.9x 1.4x
EV/FCF -9.8x 11.3x 11.4x
EV/Operating cash flow -12.9x 9.6x 10.5x
PEG (3Y EPS CAGR) -0.15 -0.65 0.04

Growth

14 metrics
MetricALVOBHCELTP
Revenue growth (1Y) -74.3% 10.8% 33.7%
Revenue CAGR (3Y) 104.2% 9.2% 58.4%
Gross profit growth (1Y) -95.0% 13.9% 4.2%
Gross profit CAGR (3Y) 27.2% 10.2% 53.5%
Operating income growth (1Y) -13.3% -34.3% -6.7%
Operating income CAGR (3Y) 27.6% 50.6% 101.7%
Net income growth (1Y) -383.6% -345.5% 624.0%
Net income CAGR (3Y) 24.4% 5.3% 134.4%
EPS growth (1Y) -481.6% -330.7% 596.0%
EPS CAGR (3Y) 33.6% 5.5% 118.3%
Operating cash flow growth (1Y) -367.1% 46.7% -0.2%
Operating cash flow CAGR (3Y) 12.8% 25.5% 152.2%
Free cash flow growth (1Y) -113.0% 70.3% -2.8%
Free cash flow CAGR (3Y) 8.6% 25.9% 81.0%

Profitability

14 metrics
MetricALVOBHCELTP
Gross margin 7.2% 72.6% 43.5%
EBITDA margin 233.8% 22.2% 25.9%
Operating margin 44.9% 11.2% 24.8%
Pretax margin -62.1% -3.2% 46.2%
Net margin -248.0% -7.6% 40.2%
FCF margin -246.7% 16.8% 12.4%
Operating cash flow margin -187.6% 19.9% 13.5%
Return on equity – – 55.6%
Return on assets -17.5% -3.3% 40.8%
Return on invested capital 4.4% 6.4% 29.2%
Return on capital employed 4.1% 6.1% 32.2%
Asset turnover 0.1x 0.4x 1.0x
Cash conversion (OCF / net income) 1.1x -2.6x 0.3x
Stock comp / revenue 8.7% 2.2% 0.1%

Financial Health

11 metrics
MetricALVOBHCELTP
Debt / assets 82.3% 81.0% 1.7%
Debt / equity -6.8x -15.5x 0.0x
Net debt / EBITDA 4.7x 7.4x -1.0x
Debt / FCF -5.0x 11.1x 0.1x
Liabilities / assets 112.1% 105.2% 24.9%
Equity / assets -12.1% -5.2% 75.1%
Interest coverage 0.8x 0.8x 69.4x
Current ratio 1.6x 1.6x 3.8x
Quick ratio 1.1x 1.1x 3.0x
Cash ratio 0.4x 0.5x 1.3x
Altman Z-score -1.38 0.22 5.94

Shareholder Returns

7 metrics
MetricALVOBHCELTP
Dividend yield – – –
Net buyback yield – – -0.1%
Shareholder yield – 0.0% -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.

ConsensusALVOBHCELTP
Forward P/E – 1.7xFY2026 –
EPS, next fiscal year $-0.01FY2026 $4.86FY2026 –
EPS growth, next FY – +26.9%FY2026 –
EPS growth, the year after – -13.4% –
Revenue, next fiscal year $556.32MFY2026 $11.45BFY2026 –
Revenue growth, next FY -6.2%FY2026 +11.9%FY2026 –
Revenue growth, the year after +23.2% -0.5% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersALVOBHCELTP
Held by institutions 14.7% 63.3% 0.0%
Institutions holding 72 221 1
Change in shares held, QoQ +152.4% +1.9% –
Institutions buying 44 99 1
Institutions selling 17 63 0
Buyers to sellers 2.59 1.57 –

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.

ALVOBHCELTP
ALVO 1.00 0.11 0.01
BHC 0.11 1.00 -0.02
ELTP 0.01 -0.02 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, ALVO, BHC and ELTP?

Bausch Health Companies (BHC) is the largest by market capitalisation: Alvotech (ALVO) $1.40B, Bausch Health Companies (BHC) $3.00B, Elite Pharmaceuticals (ELTP) $236.97M.

Which company is growing faster?

Elite Pharmaceuticals (ELTP) grew revenue fastest over the trailing twelve months: Alvotech (ALVO) -74.3%, Bausch Health Companies (BHC) +10.8%, Elite Pharmaceuticals (ELTP) +33.7%.

Which company is more profitable?

Elite Pharmaceuticals (ELTP) has the highest net margin (Alvotech (ALVO) -248.0%, Bausch Health Companies (BHC) -7.6%, Elite Pharmaceuticals (ELTP) 40.2%). On return on invested capital, Elite Pharmaceuticals (ELTP) leads (Alvotech (ALVO) 4.4%, Bausch Health Companies (BHC) 6.4%, Elite Pharmaceuticals (ELTP) 29.2%).

Which stock has performed better?

Over the past year Bausch Health Companies (BHC) returned the most: Alvotech (ALVO) -41.4%, Bausch Health Companies (BHC) +14.4%, Elite Pharmaceuticals (ELTP) -64.5%. Over five years, Elite Pharmaceuticals (ELTP) compounded fastest (Alvotech (ALVO) -14.7%/yr, Bausch Health Companies (BHC) -21.7%/yr, Elite Pharmaceuticals (ELTP) +40.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Elite Pharmaceuticals (ELTP) has been the steadiest (Alvotech (ALVO) 70.4%, Bausch Health Companies (BHC) 59.9%, Elite Pharmaceuticals (ELTP) 57.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ALVO, BHC 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.