Basis: Current FMP quote-based enterprise value / four-quarter revenue. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/Sales ratio high or low?
The EV/Sales ratio of 18.37x is 13% above its estimated 4-year average of 16.22x, near the low end of its estimated 4-year range (3.60x–242.46x).
As of 2026-09-16T15:25:23.711Z. 41.64% below its estimated 12-month average of 31.48x.
Calculation as of: 2026-09-16T15:25:23.711Z.
Quote observation: 2026-09-16T15:25:18.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 4c662a0447af3ee377c1c921b6c04d18ff740280aee51aa79402ef8964ecddfa
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/SALES RATIO
18.37x
EV/SALES RATIO AVG TTM
31.48x
EV/SALES RATIO AVG 3Y
16.81x
EV/SALES RATIO AVG 5Y
N/A
EV/SALES RATIO AVG 10Y
N/A
EV/SALES RATIO AVG 15Y
N/A
EV/SALES RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-41.64%
CURRENT VS 3Y AVG
+9.29%
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
6.67x
median of 188 covered companies
CURRENT VS SECTOR MEDIAN
+175.41%
vs the sector median at left
Applied Digital Corp.
Market Cap
$7.08B
EV/Sales Ratio
18.37x
TTM Avg
31.48x
3Y Avg
16.81x
5Y Avg
N/A
Market Cap
$7.16B
EV/Sales Ratio
45.65x
TTM Avg
38.66x
3Y Avg
19.72x
5Y Avg
27.98x
Market Cap
$7.82B
EV/Sales Ratio
4.33x
TTM Avg
4.32x
3Y Avg
6.07x
5Y Avg
9.44x
Market Cap
$7.86B
EV/Sales Ratio
4.93x
TTM Avg
3.40x
3Y Avg
3.44x
5Y Avg
2.98x
| NAME | MARKET CAP | EV/SALES RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Applied Digital Corp. (APLD) | $7.08B | 18.37x | 31.48x | 16.81x | N/A |
| Cipher Mining Inc. (CIFR)vs › | $7.16B | 45.65x | 38.66x | 19.72x | 27.98x |
| Duolingo, Inc. (DUOL)vs › | $6.90B | 5.07x | 7.12x | 15.25x | 14.43x |
| UiPath Inc. (PATH)vs › | $7.42B | 4.00x | 4.12x | 5.38x | 8.36x |
| Plexus Corp. (PLXS)vs › | $6.48B | 1.41x | 1.34x | 1.02x | 0.91x |
| Camtek Ltd. (CAMT)vs › | $6.35B | 13.02x | 15.00x | 12.30x | 9.57x |
| Paylocity Holding Corporation (PCTY)vs › | $7.82B | 4.33x | 4.32x | 6.07x | 9.44x |
| Zeta Global Holdings Corp. (ZETA)vs › | $7.86B | 4.93x | 3.40x | 3.44x | 2.98x |
| SentinelOne, Inc. (S)vs › | $7.91B | 7.02x | 5.39x | 8.14x | 18.48x |
| Applied Optoelectronics, Inc. (AAOI)vs › | $7.91B | 12.88x | 13.09x | 6.75x | 4.48x |
Enterprise Value (EV) = Market Cap + Total Debt - Cash
Sales = Total Revenue (TTM)
EV/Sales is commonly used because:
Note: EV/Sales does not include margin, debt maturity, cash conversion, or growth durability by itself.
EV/Sales = Enterprise Value / Revenue (TTM)
Enterprise value to sales compares total company value to revenue, useful across capital structures and for unprofitable companies.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/SALES RATIO |
|---|---|
| 2026-09-11 | 19.19x |
| 2026-09-10 | 18.87x |
| 2026-09-09 | 19.54x |
| 2026-09-08 | 20.12x |
| 2026-09-04 | 19.16x |
| 2026-09-03 | 18.93x |
| 2026-09-02 | 18.44x |
| 2026-09-01 | 18.13x |
| 2026-08-31 | 18.69x |
| 2026-08-28 | 18.65x |
| 2026-08-27 | 19.69x |
| 2026-08-26 | 19.41x |
| 2026-08-25 | 20.39x |
| 2026-08-24 | 19.42x |
| 2026-08-21 | 19.58x |
| 2026-08-20 | 20.29x |
| 2026-08-19 | 20.08x |
| 2026-08-18 | 20.22x |
| 2026-08-17 | 21.55x |
| 2026-08-14 | 21.56x |
| 2026-08-13 | 21.27x |
| 2026-08-12 | 21.53x |
| 2026-08-11 | 20.81x |
| 2026-08-10 | 20.49x |
| 2026-08-07 | 20.57x |
| 2026-08-06 | 20.40x |
| 2026-08-05 | 20.90x |
| 2026-08-04 | 21.59x |
| 2026-08-03 | 20.71x |
| 2026-07-31 | 19.67x |
| 2026-07-30 | 19.95x |
| 2026-07-29 | 21.51x |
| 2026-07-28 | 24.20x |
| 2026-07-27 | 24.01x |
| 2026-07-24 | 24.66x |
| 2026-07-23 | 26.80x |
| 2026-07-22 | 26.95x |
| 2026-07-21 | 26.92x |
| 2026-07-20 | 25.18x |
| 2026-07-17 | 23.55x |
| 2026-07-16 | 24.06x |
| 2026-07-15 | 26.12x |
| 2026-07-14 | 25.67x |
| 2026-07-13 | 25.97x |
| 2026-07-10 | 27.80x |
| 2026-07-09 | 28.70x |
| 2026-07-08 | 28.03x |
| 2026-07-07 | 27.45x |
| 2026-07-06 | 29.66x |
| 2026-07-02 | 29.31x |
| 2026-07-01 | 31.26x |
| 2026-06-30 | 32.68x |
| 2026-06-29 | 33.05x |
| 2026-06-26 | 34.15x |
| 2026-06-25 | 35.57x |
| 2026-06-24 | 36.39x |
| 2026-06-23 | 39.00x |
| 2026-06-22 | 38.94x |
| 2026-06-18 | 40.05x |
| 2026-06-17 | 39.24x |
| 2026-06-16 | 39.79x |
| 2026-06-15 | 39.95x |
| 2026-06-12 | 36.96x |
| 2026-06-11 | 35.98x |
| 2026-06-10 | 33.96x |
| 2026-06-09 | 36.33x |
| 2026-06-08 | 35.57x |
| 2026-06-05 | 34.52x |
| 2026-06-04 | 38.11x |
| 2026-06-03 | 38.55x |
| 2026-06-02 | 41.05x |
| 2026-06-01 | 41.12x |
| 2026-05-29 | 40.59x |
| 2026-05-28 | 42.47x |
| 2026-05-27 | 41.94x |
| 2026-05-26 | 38.90x |
| 2026-05-22 | 39.47x |
| 2026-05-21 | 41.18x |
| 2026-05-20 | 34.44x |
| 2026-05-19 | 32.14x |
| 2026-05-18 | 34.14x |
| 2026-05-15 | 36.85x |
| 2026-05-14 | 40.14x |
| 2026-05-13 | 39.17x |
| 2026-05-12 | 37.94x |
| 2026-05-11 | 38.46x |
| 2026-05-08 | 35.81x |
| 2026-05-07 | 36.03x |
| 2026-05-06 | 38.18x |
| 2026-05-05 | 34.72x |
| 2026-05-04 | 31.35x |
| 2026-05-01 | 29.70x |
| 2026-04-30 | 30.26x |
| 2026-04-29 | 29.02x |
| 2026-04-28 | 28.56x |
| 2026-04-27 | 29.80x |
| 2026-04-24 | 30.84x |
| 2026-04-23 | 31.92x |
| 2026-04-22 | 28.81x |
| 2026-04-21 | 27.93x |
| 2026-04-20 | 28.62x |
| 2026-04-17 | 28.10x |
| 2026-04-16 | 26.96x |
| 2026-04-15 | 27.53x |
| 2026-04-14 | 28.05x |
| 2026-04-13 | 24.98x |
| 2026-04-10 | 23.92x |
| 2026-04-09 | 23.37x |
| 2026-04-08 | 29.83x |
| 2026-04-07 | 27.26x |
| 2026-04-06 | 27.27x |
| 2026-04-02 | 26.65x |
| 2026-04-01 | 26.58x |
| 2026-03-31 | 25.84x |
| 2026-03-30 | 22.70x |
| 2026-03-27 | 25.86x |
| 2026-03-26 | 27.79x |
| 2026-03-25 | 30.40x |
| 2026-03-24 | 28.85x |
| 2026-03-23 | 29.31x |
| 2026-03-20 | 28.00x |
| 2026-03-19 | 28.76x |
| 2026-03-18 | 28.71x |
| 2026-03-17 | 29.56x |
| 2026-03-16 | 29.75x |
| 2026-03-13 | 29.10x |
| 2026-03-12 | 29.53x |
| 2026-03-11 | 30.55x |
| 2026-03-10 | 29.45x |
| 2026-03-09 | 29.08x |
| 2026-03-06 | 27.22x |
| 2026-03-05 | 30.13x |
| 2026-03-04 | 30.68x |
| 2026-03-03 | 28.22x |
| 2026-03-02 | 29.97x |
| 2026-02-27 | 29.32x |
| 2026-02-26 | 30.68x |
| 2026-02-25 | 31.10x |
| 2026-02-24 | 32.66x |
| 2026-02-23 | 32.01x |
| 2026-02-20 | 31.06x |
| 2026-02-19 | 33.51x |
| 2026-02-18 | 33.89x |
| 2026-02-17 | 35.51x |
| 2026-02-13 | 37.21x |
| 2026-02-12 | 38.08x |
| 2026-02-11 | 38.51x |
| 2026-02-10 | 39.36x |
| 2026-02-09 | 40.14x |
| 2026-02-06 | 36.88x |
| 2026-02-05 | 29.89x |
| 2026-02-04 | 33.52x |
| 2026-02-03 | 38.61x |
| 2026-02-02 | 36.73x |
| 2026-01-30 | 35.83x |
| 2026-01-29 | 39.95x |
| 2026-01-28 | 42.07x |
| 2026-01-27 | 43.18x |
| 2026-01-26 | 38.09x |
| 2026-01-23 | 39.58x |
| 2026-01-22 | 36.68x |
| 2026-01-21 | 36.99x |
| 2026-01-20 | 37.38x |
| 2026-01-16 | 39.29x |
| 2026-01-15 | 37.15x |
| 2026-01-14 | 38.01x |
| 2026-01-13 | 38.62x |
| 2026-01-12 | 40.09x |
| 2026-01-09 | 39.57x |
| 2026-01-08 | 40.18x |
| 2026-01-07 | 37.40x |
| 2026-01-06 | 38.21x |
| 2026-01-05 | 38.14x |
| 2026-01-02 | 35.70x |
| 2025-12-31 | 31.51x |
| 2025-12-30 | 30.99x |
| 2025-12-29 | 31.85x |
| 2025-12-26 | 30.96x |
| 2025-12-24 | 32.91x |
| 2025-12-23 | 33.33x |
| 2025-12-22 | 35.32x |
| 2025-12-19 | 35.40x |
| 2025-12-18 | 30.78x |
| 2025-12-17 | 28.56x |
| 2025-12-16 | 31.18x |
| 2025-12-15 | 29.71x |
| 2025-12-12 | 35.41x |
| 2025-12-11 | 38.80x |
| 2025-12-10 | 39.07x |
| 2025-12-09 | 41.15x |
| 2025-12-08 | 40.38x |
| 2025-12-05 | 39.34x |
| 2025-12-04 | 39.24x |
| 2025-12-03 | 37.16x |
| 2025-12-02 | 35.63x |
| 2025-12-01 | 35.82x |
| 2025-11-28 | 34.52x |
| 2025-11-26 | 32.00x |
| 2025-11-25 | 30.60x |
| 2025-11-24 | 30.65x |
| 2025-11-21 | 27.50x |
| 2025-11-20 | 27.83x |
| 2025-11-19 | 29.84x |
| 2025-11-18 | 29.55x |
| 2025-11-17 | 29.66x |
| 2025-11-14 | 30.49x |
| 2025-11-13 | 29.80x |
| 2025-11-12 | 33.72x |
| 2025-11-11 | 36.24x |
| 2025-11-10 | 39.59x |
| 2025-11-07 | 39.06x |
| 2025-11-06 | 39.17x |
| 2025-11-05 | 41.52x |
| 2025-11-04 | 39.15x |
| 2025-11-03 | 41.26x |
| 2025-10-31 | 43.36x |
| 2025-10-30 | 42.53x |
| 2025-10-29 | 43.07x |
| 2025-10-28 | 42.97x |
| 2025-10-27 | 42.99x |
| 2025-10-24 | 41.92x |
| 2025-10-23 | 41.86x |
| 2025-10-22 | 38.63x |
| 2025-10-21 | 40.88x |
| 2025-10-20 | 44.80x |
| 2025-10-17 | 42.86x |
| 2025-10-16 | 45.67x |
| 2025-10-15 | 46.98x |
| 2025-10-14 | 43.80x |
| 2025-10-13 | 42.86x |
| 2025-10-10 | 42.57x |
| 2025-10-09 | 30.41x |
| 2025-10-08 | 29.15x |
| 2025-10-07 | 28.56x |
| 2025-10-06 | 28.94x |
| 2025-10-03 | 27.84x |
| 2025-10-02 | 27.78x |
| 2025-10-01 | 26.41x |
| 2025-09-30 | 24.49x |
| 2025-09-29 | 23.75x |
| 2025-09-26 | 23.34x |
| 2025-09-25 | 24.16x |
| 2025-09-24 | 24.96x |
| 2025-09-23 | 26.10x |
| 2025-09-22 | 25.90x |
| 2025-09-19 | 22.19x |
| 2025-09-18 | 21.66x |
| 2025-09-17 | 21.58x |
| 2025-09-16 | 21.24x |
| 2025-09-15 | 21.13x |
| 2025-09-12 | 20.51x |
| 2025-09-11 | 19.11x |
| 2025-09-10 | 18.92x |
| 2025-09-09 | 17.26x |
| 2025-09-08 | 16.05x |
| 2025-09-05 | 16.04x |
| 2025-09-04 | 16.45x |
| 2025-09-03 | 16.49x |
| 2025-09-02 | 17.32x |
| 2025-08-29 | 17.99x |
Showing the most recent 260 of 1,085 data points. The chart above shows the full history.
