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 47.78x is 93% above its estimated 5-year average of 24.74x, near the low end of its estimated 5-year range (12.11x–161.05x).
As of 2026-09-23T12:35:25.665Z. 42.74% below its estimated 12-month average of 83.44x.
Calculation as of: 2026-09-23T12:35:25.665Z.
Quote observation: 2026-09-22T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: b4063cb6cad31822c690405a502d9291681d1a243e6265617331f0d4d89749b2
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
47.78x
EV/EBITDA RATIO AVG TTM
83.44x
EV/EBITDA RATIO AVG 3Y
45.66x
EV/EBITDA RATIO AVG 5Y
24.74x
EV/EBITDA RATIO AVG 10Y
15.09x
EV/EBITDA RATIO AVG 15Y
19.74x
EV/EBITDA RATIO AVG 20Y
20.31x
CURRENT VS TTM AVG
-42.74%
CURRENT VS 3Y AVG
+4.64%
CURRENT VS 5Y AVG
+93.13%
CURRENT VS 10Y AVG
+216.70%
CURRENT VS 15Y AVG
+141.99%
CURRENT VS 20Y AVG
+135.28%
SECTOR MEDIAN · TECHNOLOGY
26.04x
median of 157 covered companies
CURRENT VS SECTOR MEDIAN
+83.49%
vs the sector median at left
Ciena Corporation
Market Cap
$52.17B
EV/EBITDA Ratio
47.78x
TTM Avg
83.44x
3Y Avg
45.66x
5Y Avg
24.74x
Market Cap
$49.55B
EV/EBITDA Ratio
328.08x
TTM Avg
299.32x
3Y Avg
299.32x
5Y Avg
592.65x
Market Cap
$49.31B
EV/EBITDA Ratio
33.13x
TTM Avg
46.01x
3Y Avg
115.27x
5Y Avg
189.32x
Market Cap
$56.67B
EV/EBITDA Ratio
521.16x
TTM Avg
583.66x
3Y Avg
583.66x
5Y Avg
583.66x
Market Cap
$47.67B
EV/EBITDA Ratio
22.76x
TTM Avg
17.47x
3Y Avg
10.34x
5Y Avg
9.81x
Market Cap
$47.33B
EV/EBITDA Ratio
24.61x
TTM Avg
29.74x
3Y Avg
31.56x
5Y Avg
31.56x
Market Cap
$46.37B
EV/EBITDA Ratio
19.59x
TTM Avg
29.22x
3Y Avg
37.45x
5Y Avg
44.45x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Ciena Corporation (CIEN) | $52.17B | 47.78x | 83.44x | 45.66x | 24.74x |
| Atlassian Corporation (TEAM)vs › | $49.55B | 328.08x | 299.32x | 299.32x | 592.65x |
| Garmin Ltd. (GRMN)vs › | $54.90B | 22.98x | 21.23x | 21.19x | 18.79x |
| Workday, Inc. (WDAY)vs › | $49.31B | 33.13x | 46.01x | 115.27x | 189.32x |
| Strategy Inc (MSTR)vs › | $55.35B | N/A | 157.14x | 100.82x | 53.09x |
| Nebius Group N.V. (NBIS)vs › | $56.67B | 521.16x | 583.66x | 583.66x | 583.66x |
| STMicroelectronics N.V. (STM)vs › | $47.67B | 22.76x | 17.47x | 10.34x | 9.81x |
| CoreWeave, Inc. Class A Common Stock (CRWV)vs › | $47.33B | 24.61x | 29.74x | 31.56x | 31.56x |
| Autodesk, Inc. (ADSK)vs › | $46.37B | 19.59x | 29.22x | 37.45x | 44.45x |
| Block, Inc. (XYZ)vs › | $46.14B | 15.34x | 13.67x | 110.45x | 196.03x |
At 47.8, EV/EBITDA is above its estimated 20-year median — higher than 87% 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
4.3
median
17.8
estimated 20-year high
257.7
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 |
|---|---|
| 2026-09-11 | 46.68x |
| 2026-09-10 | 44.59x |
| 2026-09-09 | 45.07x |
| 2026-09-08 | 45.53x |
| 2026-09-04 | 42.70x |
| 2026-09-03 | 58.24x |
| 2026-09-02 | 64.90x |
| 2026-09-01 | 66.01x |
| 2026-08-31 | 70.09x |
| 2026-08-28 | 69.30x |
| 2026-08-27 | 73.18x |
| 2026-08-26 | 73.94x |
| 2026-08-25 | 70.97x |
| 2026-08-24 | 68.12x |
| 2026-08-21 | 72.45x |
| 2026-08-20 | 71.85x |
| 2026-08-19 | 73.11x |
| 2026-08-18 | 74.21x |
| 2026-08-17 | 81.40x |
| 2026-08-14 | 78.43x |
| 2026-08-13 | 80.97x |
| 2026-08-12 | 79.02x |
| 2026-08-11 | 70.95x |
| 2026-08-10 | 70.98x |
| 2026-08-07 | 75.46x |
| 2026-08-06 | 73.89x |
| 2026-08-05 | 74.81x |
| 2026-08-04 | 75.23x |
| 2026-08-03 | 71.53x |
| 2026-07-31 | 69.05x |
| 2026-07-30 | 68.14x |
| 2026-07-29 | 60.58x |
| 2026-07-28 | 64.23x |
| 2026-07-27 | 69.09x |
| 2026-07-24 | 71.57x |
| 2026-07-23 | 74.57x |
| 2026-07-22 | 72.69x |
| 2026-07-21 | 74.79x |
| 2026-07-20 | 69.36x |
| 2026-07-17 | 68.57x |
| 2026-07-16 | 71.18x |
| 2026-07-15 | 76.56x |
| 2026-07-14 | 81.72x |
| 2026-07-13 | 81.45x |
| 2026-07-10 | 84.22x |
| 2026-07-09 | 84.52x |
| 2026-07-08 | 80.64x |
| 2026-07-07 | 76.64x |
| 2026-07-06 | 79.34x |
| 2026-07-02 | 77.28x |
| 2026-07-01 | 84.53x |
| 2026-06-30 | 89.63x |
| 2026-06-29 | 87.52x |
| 2026-06-26 | 87.63x |
| 2026-06-25 | 88.57x |
| 2026-06-24 | 84.73x |
| 2026-06-23 | 84.06x |
| 2026-06-22 | 84.15x |
| 2026-06-18 | 78.33x |
| 2026-06-17 | 79.87x |
| 2026-06-16 | 78.70x |
| 2026-06-15 | 84.71x |
| 2026-06-12 | 81.55x |
| 2026-06-11 | 81.41x |
| 2026-06-10 | 79.49x |
| 2026-06-09 | 80.34x |
| 2026-06-08 | 85.30x |
| 2026-06-05 | 89.21x |
| 2026-06-04 | 137.70x |
| 2026-06-03 | 159.36x |
| 2026-06-02 | 161.05x |
| 2026-06-01 | 146.38x |
| 2026-05-29 | 149.10x |
| 2026-05-28 | 146.53x |
| 2026-05-27 | 149.57x |
| 2026-05-26 | 154.76x |
| 2026-05-22 | 150.00x |
| 2026-05-21 | 150.89x |
| 2026-05-20 | 142.59x |
| 2026-05-19 | 139.31x |
| 2026-05-18 | 134.86x |
| 2026-05-15 | 142.51x |
| 2026-05-14 | 152.00x |
| 2026-05-13 | 148.50x |
| 2026-05-12 | 148.31x |
| 2026-05-11 | 149.41x |
| 2026-05-08 | 140.89x |
| 2026-05-07 | 138.50x |
| 2026-05-06 | 148.22x |
| 2026-05-05 | 140.03x |
| 2026-05-04 | 138.44x |
| 2026-05-01 | 137.61x |
| 2026-04-30 | 135.64x |
| 2026-04-29 | 122.31x |
| 2026-04-28 | 121.87x |
| 2026-04-27 | 130.21x |
| 2026-04-24 | 133.91x |
| 2026-04-23 | 132.65x |
| 2026-04-22 | 128.33x |
| 2026-04-21 | 130.11x |
| 2026-04-20 | 129.43x |
| 2026-04-17 | 130.49x |
| 2026-04-16 | 127.36x |
| 2026-04-15 | 122.40x |
| 2026-04-14 | 120.21x |
| 2026-04-13 | 123.46x |
| 2026-04-10 | 127.58x |
| 2026-04-09 | 125.37x |
| 2026-04-08 | 127.06x |
| 2026-04-07 | 115.27x |
| 2026-04-06 | 111.79x |
| 2026-04-02 | 115.24x |
| 2026-04-01 | 106.97x |
| 2026-03-31 | 100.03x |
| 2026-03-30 | 94.09x |
| 2026-03-27 | 103.45x |
| 2026-03-26 | 99.97x |
| 2026-03-25 | 112.67x |
| 2026-03-24 | 110.55x |
| 2026-03-23 | 105.06x |
| 2026-03-20 | 98.92x |
| 2026-03-19 | 106.25x |
| 2026-03-18 | 99.27x |
| 2026-03-17 | 95.38x |
| 2026-03-16 | 93.81x |
| 2026-03-13 | 87.04x |
| 2026-03-12 | 86.90x |
| 2026-03-11 | 87.69x |
| 2026-03-10 | 87.03x |
| 2026-03-09 | 82.22x |
| 2026-03-06 | 75.99x |
| 2026-03-05 | 97.60x |
| 2026-03-04 | 111.87x |
| 2026-03-03 | 108.49x |
| 2026-03-02 | 115.15x |
| 2026-02-27 | 113.53x |
| 2026-02-26 | 111.10x |
| 2026-02-25 | 115.02x |
| 2026-02-24 | 111.59x |
| 2026-02-23 | 112.28x |
| 2026-02-20 | 109.09x |
| 2026-02-19 | 103.76x |
| 2026-02-18 | 101.36x |
| 2026-02-17 | 98.58x |
| 2026-02-13 | 99.09x |
| 2026-02-12 | 95.55x |
| 2026-02-11 | 96.94x |
| 2026-02-10 | 97.40x |
| 2026-02-09 | 94.50x |
| 2026-02-06 | 88.58x |
| 2026-02-05 | 82.66x |
| 2026-02-04 | 82.83x |
| 2026-02-03 | 90.25x |
| 2026-02-02 | 87.66x |
| 2026-01-30 | 82.28x |
| 2026-01-29 | 82.84x |
| 2026-01-28 | 84.05x |
| 2026-01-27 | 80.90x |
| 2026-01-26 | 75.97x |
| 2026-01-23 | 74.97x |
| 2026-01-22 | 75.26x |
| 2026-01-21 | 75.86x |
| 2026-01-20 | 78.87x |
| 2026-01-16 | 79.58x |
| 2026-01-15 | 79.70x |
| 2026-01-14 | 77.95x |
| 2026-01-13 | 80.55x |
| 2026-01-12 | 76.63x |
| 2026-01-09 | 75.43x |
| 2026-01-08 | 73.71x |
| 2026-01-07 | 84.69x |
| 2026-01-06 | 83.05x |
| 2026-01-05 | 75.54x |
| 2026-01-02 | 80.43x |
| 2025-12-31 | 76.50x |
| 2025-12-30 | 77.98x |
| 2025-12-29 | 78.15x |
| 2025-12-26 | 79.02x |
| 2025-12-24 | 78.57x |
| 2025-12-23 | 78.57x |
| 2025-12-22 | 77.43x |
| 2025-12-19 | 75.36x |
| 2025-12-18 | 69.03x |
| 2025-12-17 | 66.84x |
| 2025-12-16 | 68.75x |
| 2025-12-15 | 70.80x |
| 2025-12-12 | 82.66x |
| 2025-12-11 | 91.56x |
| 2025-12-10 | 83.93x |
| 2025-12-09 | 81.14x |
| 2025-12-08 | 80.61x |
| 2025-12-05 | 76.43x |
| 2025-12-04 | 74.21x |
| 2025-12-03 | 73.32x |
| 2025-12-02 | 76.73x |
| 2025-12-01 | 76.14x |
| 2025-11-28 | 77.36x |
| 2025-11-26 | 75.90x |
| 2025-11-25 | 74.40x |
| 2025-11-24 | 73.82x |
| 2025-11-21 | 67.71x |
| 2025-11-20 | 67.03x |
| 2025-11-19 | 71.62x |
| 2025-11-18 | 70.96x |
| 2025-11-17 | 72.74x |
| 2025-11-14 | 72.71x |
| 2025-11-13 | 73.64x |
| 2025-11-12 | 79.34x |
| 2025-11-11 | 78.56x |
| 2025-11-10 | 79.05x |
| 2025-11-07 | 75.52x |
| 2025-11-06 | 76.34x |
| 2025-11-05 | 74.24x |
| 2025-11-04 | 69.42x |
| 2025-11-03 | 71.91x |
| 2025-10-31 | 72.05x |
| 2025-10-30 | 71.69x |
| 2025-10-29 | 71.80x |
| 2025-10-28 | 69.49x |
| 2025-10-27 | 69.30x |
| 2025-10-24 | 68.00x |
| 2025-10-23 | 65.59x |
| 2025-10-22 | 62.58x |
| 2025-10-21 | 64.52x |
| 2025-10-20 | 65.79x |
| 2025-10-17 | 64.99x |
| 2025-10-16 | 64.92x |
| 2025-10-15 | 64.15x |
| 2025-10-14 | 62.70x |
| 2025-10-13 | 62.69x |
| 2025-10-10 | 59.40x |
| 2025-10-09 | 62.25x |
| 2025-10-08 | 60.78x |
| 2025-10-07 | 57.74x |
| 2025-10-06 | 58.40x |
| 2025-10-03 | 57.73x |
| 2025-10-02 | 58.18x |
| 2025-10-01 | 57.83x |
| 2025-09-30 | 55.58x |
| 2025-09-29 | 55.00x |
| 2025-09-26 | 54.19x |
| 2025-09-25 | 52.41x |
| 2025-09-24 | 52.88x |
| 2025-09-23 | 53.27x |
| 2025-09-22 | 53.21x |
| 2025-09-19 | 52.86x |
| 2025-09-18 | 52.74x |
| 2025-09-17 | 52.12x |
| 2025-09-16 | 52.53x |
| 2025-09-15 | 51.94x |
| 2025-09-12 | 50.22x |
| 2025-09-11 | 50.68x |
| 2025-09-10 | 49.69x |
| 2025-09-09 | 46.84x |
| 2025-09-08 | 45.65x |
| 2025-09-05 | 44.79x |
| 2025-09-04 | 52.19x |
| 2025-09-03 | 42.69x |
| 2025-09-02 | 42.16x |
| 2025-08-29 | 42.32x |
Showing the most recent 260 of 4,252 data points. The chart above shows the full history.
