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 50.55x is 31% above its estimated 5-year average of 38.68x, near the high end of its estimated 5-year range (22.71x–58.42x).
As of 2026-09-10T19:59:59.000Z. 4.79% above its estimated 12-month average of 48.24x.
Quote observation: 2026-09-10T19:59:59.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 8823469332c0e9d03c310753c23fa542f6a8f83f80d70a1011fafc3fa5ab8ce9
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 2026-09-09.
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
50.55x
EV/EBITDA RATIO AVG TTM
48.24x
EV/EBITDA RATIO AVG 3Y
42.41x
EV/EBITDA RATIO AVG 5Y
38.68x
EV/EBITDA RATIO AVG 10Y
35.83x
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+4.79%
CURRENT VS 3Y AVG
+19.20%
CURRENT VS 5Y AVG
+30.70%
CURRENT VS 10Y AVG
+41.10%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
25.49x
median of 156 covered companies
CURRENT VS SECTOR MEDIAN
+98.27%
vs the sector median at left
Arista Networks, Inc.
Market Cap
$237.98B
EV/EBITDA Ratio
50.55x
TTM Avg
48.24x
3Y Avg
42.41x
5Y Avg
38.68x
Market Cap
$236.37B
EV/EBITDA Ratio
26.09x
TTM Avg
26.30x
3Y Avg
24.12x
5Y Avg
20.96x
Market Cap
$231.45B
EV/EBITDA Ratio
38.97x
TTM Avg
37.35x
3Y Avg
27.69x
5Y Avg
22.80x
Market Cap
$250.74B
EV/EBITDA Ratio
19.65x
TTM Avg
65.71x
3Y Avg
65.71x
5Y Avg
65.71x
Market Cap
$220.49B
EV/EBITDA Ratio
15.88x
TTM Avg
18.37x
3Y Avg
17.28x
5Y Avg
15.42x
Market Cap
$212.67B
EV/EBITDA Ratio
978.07x
TTM Avg
1712.84x
3Y Avg
902.83x
5Y Avg
902.83x
Market Cap
$271.46B
EV/EBITDA Ratio
232.60x
TTM Avg
186.50x
3Y Avg
274.78x
5Y Avg
274.78x
Market Cap
$275.87B
EV/EBITDA Ratio
N/A
TTM Avg
90.99x
3Y Avg
109.47x
5Y Avg
3211.20x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Arista Networks, Inc. (ANET) | $237.98B | 50.55x | 48.24x | 42.41x | 38.68x |
| Texas Instruments Incorporated (TXN)vs › | $236.37B | 26.09x | 26.30x | 24.12x | 20.96x |
| SAP SE (SAP)vs › | $240.06B | 17.92x | 19.52x | 27.52x | 23.82x |
| KLA Corporation (KLAC)vs › | $231.45B | 38.97x | 37.35x | 27.69x | 22.80x |
| Sandisk Corporation (SNDK)vs › | $250.74B | 19.65x | 65.71x | 65.71x | 65.71x |
| International Business Machines Corporation (IBM)vs › | $220.49B | 15.88x | 18.37x | 17.28x | 15.42x |
| CrowdStrike Holdings, Inc. (CRWD)vs › | $212.67B | 978.07x | 1712.84x | 902.83x | 902.83x |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $271.46B | 232.60x | 186.50x | 274.78x | 274.78x |
| Palo Alto Networks, Inc. (PANW)vs › | $275.87B | N/A | 90.99x | 109.47x | 3211.20x |
| Salesforce, Inc. (CRM)vs › | $199.11B | 17.46x | 17.18x | 24.88x | 31.14x |
At 50.5, EV/EBITDA is above its estimated 12-year median — higher than 86% of readings in its estimated 12-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 12-year low
13.8
median
35.4
estimated 12-year high
120.7
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 |
|---|---|
| 2026-09-09 | 52.26x |
| 2026-09-08 | 52.81x |
| 2026-09-04 | 52.49x |
| 2026-09-03 | 51.85x |
| 2026-09-02 | 50.39x |
| 2026-09-01 | 51.26x |
| 2026-08-31 | 53.01x |
| 2026-08-28 | 52.93x |
| 2026-08-27 | 54.49x |
| 2026-08-26 | 54.81x |
| 2026-08-25 | 51.71x |
| 2026-08-24 | 50.95x |
| 2026-08-21 | 51.09x |
| 2026-08-20 | 49.75x |
| 2026-08-19 | 50.49x |
| 2026-08-18 | 52.33x |
| 2026-08-17 | 54.68x |
| 2026-08-14 | 53.87x |
| 2026-08-13 | 55.18x |
| 2026-08-12 | 57.06x |
| 2026-08-11 | 53.60x |
| 2026-08-10 | 51.87x |
| 2026-08-07 | 51.09x |
| 2026-08-06 | 52.09x |
| 2026-08-05 | 53.46x |
| 2026-08-04 | 56.61x |
| 2026-08-03 | 54.92x |
| 2026-07-31 | 53.56x |
| 2026-07-30 | 50.75x |
| 2026-07-29 | 46.83x |
| 2026-07-28 | 50.36x |
| 2026-07-27 | 50.68x |
| 2026-07-24 | 51.65x |
| 2026-07-23 | 52.43x |
| 2026-07-22 | 51.91x |
| 2026-07-21 | 51.82x |
| 2026-07-20 | 50.25x |
| 2026-07-17 | 50.03x |
| 2026-07-16 | 50.01x |
| 2026-07-15 | 51.02x |
| 2026-07-14 | 54.23x |
| 2026-07-13 | 53.80x |
| 2026-07-10 | 55.55x |
| 2026-07-09 | 54.86x |
| 2026-07-08 | 53.77x |
| 2026-07-07 | 49.38x |
| 2026-07-06 | 51.43x |
| 2026-07-02 | 47.44x |
| 2026-07-01 | 49.43x |
| 2026-06-30 | 50.41x |
| 2026-06-29 | 48.67x |
| 2026-06-26 | 46.72x |
| 2026-06-25 | 49.08x |
| 2026-06-24 | 47.96x |
| 2026-06-23 | 48.10x |
| 2026-06-22 | 51.82x |
| 2026-06-18 | 50.35x |
| 2026-06-17 | 48.92x |
| 2026-06-16 | 49.85x |
| 2026-06-15 | 50.17x |
| 2026-06-12 | 48.42x |
| 2026-06-11 | 46.36x |
| 2026-06-10 | 44.96x |
| 2026-06-09 | 45.08x |
| 2026-06-08 | 46.36x |
| 2026-06-05 | 45.72x |
| 2026-06-04 | 49.25x |
| 2026-06-03 | 51.76x |
| 2026-06-02 | 52.05x |
| 2026-06-01 | 50.65x |
| 2026-05-29 | 47.28x |
| 2026-05-28 | 46.02x |
| 2026-05-27 | 45.73x |
| 2026-05-26 | 46.84x |
| 2026-05-22 | 45.65x |
| 2026-05-21 | 44.01x |
| 2026-05-20 | 41.58x |
| 2026-05-19 | 41.90x |
| 2026-05-18 | 41.94x |
| 2026-05-15 | 42.02x |
| 2026-05-14 | 43.78x |
| 2026-05-13 | 41.64x |
| 2026-05-12 | 42.19x |
| 2026-05-11 | 40.36x |
| 2026-05-08 | 41.96x |
| 2026-05-07 | 41.95x |
| 2026-05-06 | 43.54x |
| 2026-05-05 | 54.78x |
| 2026-05-04 | 55.56x |
| 2026-05-01 | 55.58x |
| 2026-04-30 | 55.59x |
| 2026-04-29 | 54.28x |
| 2026-04-28 | 53.18x |
| 2026-04-27 | 55.51x |
| 2026-04-24 | 56.95x |
| 2026-04-23 | 55.53x |
| 2026-04-22 | 57.22x |
| 2026-04-21 | 55.63x |
| 2026-04-20 | 53.68x |
| 2026-04-17 | 52.83x |
| 2026-04-16 | 51.79x |
| 2026-04-15 | 49.62x |
| 2026-04-14 | 49.63x |
| 2026-04-13 | 48.87x |
| 2026-04-10 | 47.35x |
| 2026-04-09 | 46.93x |
| 2026-04-08 | 46.61x |
| 2026-04-07 | 42.90x |
| 2026-04-06 | 40.50x |
| 2026-04-02 | 40.64x |
| 2026-04-01 | 40.04x |
| 2026-03-31 | 39.37x |
| 2026-03-30 | 37.21x |
| 2026-03-27 | 38.72x |
| 2026-03-26 | 39.30x |
| 2026-03-25 | 43.34x |
| 2026-03-24 | 41.98x |
| 2026-03-23 | 43.63x |
| 2026-03-20 | 42.11x |
| 2026-03-19 | 43.75x |
| 2026-03-18 | 43.69x |
| 2026-03-17 | 42.71x |
| 2026-03-16 | 43.45x |
| 2026-03-13 | 42.88x |
| 2026-03-12 | 43.02x |
| 2026-03-11 | 44.39x |
| 2026-03-10 | 44.84x |
| 2026-03-09 | 44.04x |
| 2026-03-06 | 42.65x |
| 2026-03-05 | 44.77x |
| 2026-03-04 | 43.28x |
| 2026-03-03 | 39.96x |
| 2026-03-02 | 41.49x |
| 2026-02-27 | 42.85x |
| 2026-02-26 | 41.80x |
| 2026-02-25 | 42.65x |
| 2026-02-24 | 41.32x |
| 2026-02-23 | 40.88x |
| 2026-02-20 | 42.62x |
| 2026-02-19 | 44.06x |
| 2026-02-18 | 44.81x |
| 2026-02-17 | 45.80x |
| 2026-02-13 | 48.38x |
| 2026-02-12 | 46.14x |
| 2026-02-11 | 48.06x |
| 2026-02-10 | 49.02x |
| 2026-02-09 | 48.43x |
| 2026-02-06 | 46.96x |
| 2026-02-05 | 43.91x |
| 2026-02-04 | 44.47x |
| 2026-02-03 | 47.62x |
| 2026-02-02 | 47.27x |
| 2026-01-30 | 48.43x |
| 2026-01-29 | 50.65x |
| 2026-01-28 | 51.34x |
| 2026-01-27 | 50.15x |
| 2026-01-26 | 49.12x |
| 2026-01-23 | 46.56x |
| 2026-01-22 | 47.28x |
| 2026-01-21 | 43.43x |
| 2026-01-20 | 43.51x |
| 2026-01-16 | 44.31x |
| 2026-01-15 | 44.57x |
| 2026-01-14 | 42.67x |
| 2026-01-13 | 44.34x |
| 2026-01-12 | 42.09x |
| 2026-01-09 | 41.91x |
| 2026-01-08 | 42.19x |
| 2026-01-07 | 44.40x |
| 2026-01-06 | 45.26x |
| 2026-01-05 | 46.86x |
| 2026-01-02 | 45.61x |
| 2025-12-31 | 44.72x |
| 2025-12-30 | 45.21x |
| 2025-12-29 | 45.80x |
| 2025-12-26 | 45.01x |
| 2025-12-24 | 44.63x |
| 2025-12-23 | 44.83x |
| 2025-12-22 | 44.62x |
| 2025-12-19 | 44.76x |
| 2025-12-18 | 42.51x |
| 2025-12-17 | 41.72x |
| 2025-12-16 | 43.03x |
| 2025-12-15 | 42.95x |
| 2025-12-12 | 42.55x |
| 2025-12-11 | 45.89x |
| 2025-12-10 | 45.19x |
| 2025-12-09 | 44.38x |
| 2025-12-08 | 44.06x |
| 2025-12-05 | 43.88x |
| 2025-12-04 | 43.87x |
| 2025-12-03 | 43.61x |
| 2025-12-02 | 43.41x |
| 2025-12-01 | 43.71x |
| 2025-11-28 | 44.60x |
| 2025-11-26 | 43.55x |
| 2025-11-25 | 42.65x |
| 2025-11-24 | 41.66x |
| 2025-11-21 | 40.02x |
| 2025-11-20 | 40.76x |
| 2025-11-19 | 42.57x |
| 2025-11-18 | 42.10x |
| 2025-11-17 | 43.42x |
| 2025-11-14 | 44.84x |
| 2025-11-13 | 44.47x |
| 2025-11-12 | 46.09x |
| 2025-11-11 | 46.07x |
| 2025-11-10 | 46.88x |
| 2025-11-07 | 45.98x |
| 2025-11-06 | 45.76x |
| 2025-11-05 | 47.97x |
| 2025-11-04 | 55.33x |
| 2025-11-03 | 56.80x |
| 2025-10-31 | 56.84x |
| 2025-10-30 | 57.11x |
| 2025-10-29 | 58.42x |
| 2025-10-28 | 56.50x |
| 2025-10-27 | 56.52x |
| 2025-10-24 | 55.43x |
| 2025-10-23 | 55.04x |
| 2025-10-22 | 52.79x |
| 2025-10-21 | 52.56x |
| 2025-10-20 | 52.75x |
| 2025-10-17 | 51.52x |
| 2025-10-16 | 52.58x |
| 2025-10-15 | 51.62x |
| 2025-10-14 | 49.95x |
| 2025-10-13 | 53.11x |
| 2025-10-10 | 55.53x |
| 2025-10-09 | 57.04x |
| 2025-10-08 | 56.72x |
| 2025-10-07 | 52.32x |
| 2025-10-06 | 53.85x |
| 2025-10-03 | 52.40x |
| 2025-10-02 | 52.02x |
| 2025-10-01 | 53.77x |
| 2025-09-30 | 52.47x |
| 2025-09-29 | 51.62x |
| 2025-09-26 | 51.30x |
| 2025-09-25 | 51.51x |
| 2025-09-24 | 51.35x |
| 2025-09-23 | 51.88x |
| 2025-09-22 | 52.36x |
| 2025-09-19 | 53.89x |
| 2025-09-18 | 52.82x |
| 2025-09-17 | 51.43x |
| 2025-09-16 | 51.18x |
| 2025-09-15 | 52.37x |
| 2025-09-12 | 50.17x |
| 2025-09-11 | 55.14x |
| 2025-09-10 | 54.30x |
| 2025-09-09 | 51.09x |
| 2025-09-08 | 50.40x |
| 2025-09-05 | 51.43x |
| 2025-09-04 | 50.82x |
| 2025-09-03 | 49.44x |
| 2025-09-02 | 48.89x |
| 2025-08-29 | 49.13x |
| 2025-08-28 | 49.02x |
| 2025-08-27 | 47.94x |
Showing the most recent 260 of 3,083 data points. The chart above shows the full history.
