Basis: Current FMP quote-based enterprise value / four-quarter operating income plus matched D&A. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBITDA ratio high or low?
The EV/EBITDA ratio of 24.13x is 12% above its estimated 5-year average of 21.52x, near the high end of its estimated 5-year range (17.43x–26.92x).
As of 2026-09-16T20:00:41.483Z. 11.90% above its estimated 12-month average of 21.56x.
Calculation as of: 2026-09-16T20:00:41.483Z.
Quote observation: 2026-09-16T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: cf352abe00beb2190131704786aa5c3f7412dc5ac9fc996642bcd1247775b46f
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/EBITDA RATIO
24.13x
EV/EBITDA RATIO AVG TTM
21.56x
EV/EBITDA RATIO AVG 3Y
20.93x
EV/EBITDA RATIO AVG 5Y
21.52x
EV/EBITDA RATIO AVG 10Y
20.66x
EV/EBITDA RATIO AVG 15Y
19.28x
EV/EBITDA RATIO AVG 20Y
16.76x
CURRENT VS TTM AVG
+11.90%
CURRENT VS 3Y AVG
+15.26%
CURRENT VS 5Y AVG
+12.15%
CURRENT VS 10Y AVG
+16.80%
CURRENT VS 15Y AVG
+25.19%
CURRENT VS 20Y AVG
+43.98%
SECTOR MEDIAN · TECHNOLOGY
24.96x
median of 157 covered companies
CURRENT VS SECTOR MEDIAN
-3.33%
vs the sector median at left
Automatic Data Processing, Inc.
Market Cap
$109.20B
EV/EBITDA Ratio
24.13x
TTM Avg
21.56x
3Y Avg
20.93x
5Y Avg
21.52x
Market Cap
$109.70B
EV/EBITDA Ratio
20.32x
TTM Avg
43.02x
3Y Avg
38.00x
5Y Avg
36.34x
Market Cap
$126.03B
EV/EBITDA Ratio
45.88x
TTM Avg
33.42x
3Y Avg
35.59x
5Y Avg
44.62x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Automatic Data Processing, Inc. (ADP) | $109.20B | 24.13x | 21.56x | 20.93x | 21.52x |
| AppLovin Corporation (APP)vs › | $109.70B | 20.32x | 43.02x | 38.00x | 36.34x |
| Snowflake Inc. (SNOW)vs › | $114.73B | N/A | N/A | N/A | N/A |
| Cloudflare, Inc. (NET)vs › | $115.25B | N/A | N/A | N/A | N/A |
| Accenture plc (ACN)vs › | $116.10B | 9.05x | 10.64x | 16.33x | 17.56x |
| Adobe Inc. (ADBE)vs › | $99.57B | 9.53x | 12.59x | 23.45x | 26.42x |
| Corning Inc (GLW)vs › | $124.02B | 35.23x | 35.02x | 23.85x | 18.78x |
| Fortinet, Inc. (FTNT)vs › | $126.03B | 45.88x | 33.42x | 35.59x | 44.62x |
| Intuit Inc. (INTU)vs › | $87.03B | 13.47x | 22.27x | 34.55x | 37.18x |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $83.49B | 19.69x | 16.27x | 10.79x | 8.77x |
At 24.1, EV/EBITDA is above its estimated 20-year median — higher than 96% of readings in its estimated 20-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 20-year low
6.3
median
18.5
estimated 20-year high
26.9
EV/EBITDA = Enterprise Value / EBITDA (TTM)
Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-09-11 | 23.68x |
| 2026-09-10 | 23.60x |
| 2026-09-09 | 23.41x |
| 2026-09-08 | 23.65x |
| 2026-09-04 | 24.50x |
| 2026-09-03 | 25.01x |
| 2026-09-02 | 24.81x |
| 2026-09-01 | 25.01x |
| 2026-08-31 | 25.24x |
| 2026-08-28 | 25.36x |
| 2026-08-27 | 25.11x |
| 2026-08-26 | 24.83x |
| 2026-08-25 | 24.95x |
| 2026-08-24 | 24.97x |
| 2026-08-21 | 24.78x |
| 2026-08-20 | 24.64x |
| 2026-08-19 | 24.46x |
| 2026-08-18 | 23.77x |
| 2026-08-17 | 23.49x |
| 2026-08-14 | 24.09x |
| 2026-08-13 | 24.38x |
| 2026-08-12 | 23.77x |
| 2026-08-11 | 23.93x |
| 2026-08-10 | 24.15x |
| 2026-08-07 | 23.95x |
| 2026-08-06 | 24.14x |
| 2026-08-05 | 23.66x |
| 2026-08-04 | 23.71x |
| 2026-08-03 | 23.64x |
| 2026-07-31 | 23.35x |
| 2026-07-30 | 23.12x |
| 2026-07-29 | 23.95x |
| 2026-07-28 | 23.15x |
| 2026-07-27 | 22.35x |
| 2026-07-24 | 21.93x |
| 2026-07-23 | 21.30x |
| 2026-07-22 | 21.32x |
| 2026-07-21 | 21.59x |
| 2026-07-20 | 22.37x |
| 2026-07-17 | 22.38x |
| 2026-07-16 | 22.49x |
| 2026-07-15 | 21.70x |
| 2026-07-14 | 21.61x |
| 2026-07-13 | 22.01x |
| 2026-07-10 | 21.22x |
| 2026-07-09 | 21.16x |
| 2026-07-08 | 21.17x |
| 2026-07-07 | 21.54x |
| 2026-07-06 | 21.01x |
| 2026-07-02 | 21.25x |
| 2026-07-01 | 20.68x |
| 2026-06-30 | 19.66x |
| 2026-06-29 | 19.75x |
| 2026-06-26 | 19.63x |
| 2026-06-25 | 19.00x |
| 2026-06-24 | 19.31x |
| 2026-06-23 | 19.36x |
| 2026-06-22 | 18.85x |
| 2026-06-18 | 19.18x |
| 2026-06-17 | 19.21x |
| 2026-06-16 | 19.49x |
| 2026-06-15 | 19.60x |
| 2026-06-12 | 19.86x |
| 2026-06-11 | 19.82x |
| 2026-06-10 | 20.28x |
| 2026-06-09 | 20.29x |
| 2026-06-08 | 20.11x |
| 2026-06-05 | 20.35x |
| 2026-06-04 | 20.30x |
| 2026-06-03 | 19.99x |
| 2026-06-02 | 20.29x |
| 2026-06-01 | 20.51x |
| 2026-05-29 | 19.48x |
| 2026-05-28 | 19.31x |
| 2026-05-27 | 19.11x |
| 2026-05-26 | 19.17x |
| 2026-05-22 | 19.78x |
| 2026-05-21 | 19.32x |
| 2026-05-20 | 19.38x |
| 2026-05-19 | 19.36x |
| 2026-05-18 | 19.57x |
| 2026-05-15 | 18.84x |
| 2026-05-14 | 18.31x |
| 2026-05-13 | 18.33x |
| 2026-05-12 | 18.78x |
| 2026-05-11 | 18.59x |
| 2026-05-08 | 18.71x |
| 2026-05-07 | 18.80x |
| 2026-05-06 | 18.21x |
| 2026-05-05 | 18.50x |
| 2026-05-04 | 18.56x |
| 2026-05-01 | 18.82x |
| 2026-04-30 | 19.51x |
| 2026-04-29 | 19.79x |
| 2026-04-28 | 18.36x |
| 2026-04-27 | 18.19x |
| 2026-04-24 | 18.13x |
| 2026-04-23 | 18.31x |
| 2026-04-22 | 18.59x |
| 2026-04-21 | 18.70x |
| 2026-04-20 | 18.65x |
| 2026-04-17 | 18.48x |
| 2026-04-16 | 18.47x |
| 2026-04-15 | 18.16x |
| 2026-04-14 | 18.00x |
| 2026-04-13 | 18.02x |
| 2026-04-10 | 17.43x |
| 2026-04-09 | 18.08x |
| 2026-04-08 | 18.51x |
| 2026-04-07 | 18.76x |
| 2026-04-06 | 18.83x |
| 2026-04-02 | 18.80x |
| 2026-04-01 | 18.55x |
| 2026-03-31 | 18.72x |
| 2026-03-30 | 18.93x |
| 2026-03-27 | 18.55x |
| 2026-03-26 | 18.84x |
| 2026-03-25 | 18.63x |
| 2026-03-24 | 18.88x |
| 2026-03-23 | 19.31x |
| 2026-03-20 | 19.22x |
| 2026-03-19 | 19.40x |
| 2026-03-18 | 19.18x |
| 2026-03-17 | 19.31x |
| 2026-03-16 | 19.26x |
| 2026-03-13 | 19.20x |
| 2026-03-12 | 19.11x |
| 2026-03-11 | 19.61x |
| 2026-03-10 | 20.00x |
| 2026-03-09 | 20.51x |
| 2026-03-06 | 20.79x |
| 2026-03-05 | 20.48x |
| 2026-03-04 | 19.98x |
| 2026-03-03 | 19.90x |
| 2026-03-02 | 19.78x |
| 2026-02-27 | 19.73x |
| 2026-02-26 | 20.09x |
| 2026-02-25 | 19.72x |
| 2026-02-24 | 18.95x |
| 2026-02-23 | 18.95x |
| 2026-02-20 | 19.74x |
| 2026-02-19 | 19.87x |
| 2026-02-18 | 19.98x |
| 2026-02-17 | 19.61x |
| 2026-02-13 | 19.53x |
| 2026-02-12 | 19.33x |
| 2026-02-11 | 20.02x |
| 2026-02-10 | 20.73x |
| 2026-02-09 | 20.83x |
| 2026-02-06 | 21.25x |
| 2026-02-05 | 21.49x |
| 2026-02-04 | 21.55x |
| 2026-02-03 | 21.59x |
| 2026-02-02 | 22.71x |
| 2026-01-30 | 22.64x |
| 2026-01-29 | 23.49x |
| 2026-01-28 | 23.91x |
| 2026-01-27 | 24.25x |
| 2026-01-26 | 24.58x |
| 2026-01-23 | 24.55x |
| 2026-01-22 | 24.73x |
| 2026-01-21 | 24.47x |
| 2026-01-20 | 24.31x |
| 2026-01-16 | 24.78x |
| 2026-01-15 | 24.76x |
| 2026-01-14 | 24.61x |
| 2026-01-13 | 24.48x |
| 2026-01-12 | 24.99x |
| 2026-01-09 | 25.28x |
| 2026-01-08 | 25.25x |
| 2026-01-07 | 24.85x |
| 2026-01-06 | 24.84x |
| 2026-01-05 | 24.50x |
| 2026-01-02 | 24.11x |
| 2025-12-31 | 24.50x |
| 2025-12-30 | 24.70x |
| 2025-12-29 | 24.71x |
| 2025-12-26 | 24.64x |
| 2025-12-24 | 24.57x |
| 2025-12-23 | 24.48x |
| 2025-12-22 | 24.72x |
| 2025-12-19 | 24.56x |
| 2025-12-18 | 24.83x |
| 2025-12-17 | 25.23x |
| 2025-12-16 | 24.94x |
| 2025-12-15 | 25.18x |
| 2025-12-12 | 25.29x |
| 2025-12-11 | 25.16x |
| 2025-12-10 | 24.68x |
| 2025-12-09 | 24.58x |
| 2025-12-08 | 24.63x |
| 2025-12-05 | 24.89x |
| 2025-12-04 | 24.69x |
| 2025-12-03 | 24.76x |
| 2025-12-02 | 24.49x |
| 2025-12-01 | 24.37x |
| 2025-11-28 | 24.32x |
| 2025-11-26 | 24.24x |
| 2025-11-25 | 24.41x |
| 2025-11-24 | 23.86x |
| 2025-11-21 | 24.13x |
| 2025-11-20 | 23.77x |
| 2025-11-19 | 23.89x |
| 2025-11-18 | 23.82x |
| 2025-11-17 | 23.93x |
| 2025-11-14 | 24.13x |
| 2025-11-13 | 24.26x |
| 2025-11-12 | 24.26x |
| 2025-11-11 | 24.31x |
| 2025-11-10 | 24.21x |
| 2025-11-07 | 24.22x |
| 2025-11-06 | 24.06x |
| 2025-11-05 | 24.70x |
| 2025-11-04 | 24.67x |
| 2025-11-03 | 24.49x |
| 2025-10-31 | 18.73x |
| 2025-10-30 | 18.82x |
| 2025-10-29 | 18.80x |
| 2025-10-28 | 20.06x |
| 2025-10-27 | 20.12x |
| 2025-10-24 | 20.14x |
| 2025-10-23 | 20.19x |
| 2025-10-22 | 20.35x |
| 2025-10-21 | 20.35x |
| 2025-10-20 | 20.29x |
| 2025-10-17 | 20.17x |
| 2025-10-16 | 20.09x |
| 2025-10-15 | 20.37x |
| 2025-10-14 | 20.48x |
| 2025-10-13 | 20.38x |
| 2025-10-10 | 20.43x |
| 2025-10-09 | 20.48x |
| 2025-10-08 | 20.81x |
| 2025-10-07 | 20.96x |
| 2025-10-06 | 20.80x |
| 2025-10-03 | 20.85x |
| 2025-10-02 | 20.75x |
| 2025-10-01 | 20.87x |
| 2025-09-30 | 21.00x |
| 2025-09-29 | 20.94x |
| 2025-09-26 | 20.87x |
| 2025-09-25 | 20.69x |
| 2025-09-24 | 20.87x |
| 2025-09-23 | 20.71x |
| 2025-09-22 | 21.01x |
| 2025-09-19 | 20.90x |
| 2025-09-18 | 20.83x |
| 2025-09-17 | 20.68x |
| 2025-09-16 | 20.67x |
| 2025-09-15 | 20.82x |
| 2025-09-12 | 21.00x |
| 2025-09-11 | 21.31x |
| 2025-09-10 | 20.93x |
| 2025-09-09 | 21.26x |
| 2025-09-08 | 21.34x |
| 2025-09-05 | 21.17x |
| 2025-09-04 | 21.53x |
| 2025-09-03 | 21.37x |
| 2025-09-02 | 21.43x |
| 2025-08-29 | 21.72x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
