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 19.81x is 54% above its estimated 5-year average of 12.88x, around the middle of its estimated 5-year range (4.60x–37.41x).
As of 2026-09-24T23:35:50.207Z. 11.19% below its estimated 12-month average of 22.31x.
Calculation as of: 2026-09-24T23:35:50.207Z.
Quote observation: 2026-09-24T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 6f160251c3fbe528eb6088339ffd232e78e4d7872f2d26a5b5e7f501e4c28496
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
19.81x
EV/EBITDA RATIO AVG TTM
22.31x
EV/EBITDA RATIO AVG 3Y
17.81x
EV/EBITDA RATIO AVG 5Y
12.88x
EV/EBITDA RATIO AVG 10Y
14.19x
EV/EBITDA RATIO AVG 15Y
13.47x
EV/EBITDA RATIO AVG 20Y
12.12x
CURRENT VS TTM AVG
-11.19%
CURRENT VS 3Y AVG
+11.26%
CURRENT VS 5Y AVG
+53.85%
CURRENT VS 10Y AVG
+39.57%
CURRENT VS 15Y AVG
+47.08%
CURRENT VS 20Y AVG
+63.40%
SECTOR MEDIAN · TECHNOLOGY
25.63x
median of 157 covered companies
CURRENT VS SECTOR MEDIAN
-22.71%
vs the sector median at left
Market Cap
$17.39B
EV/EBITDA Ratio
17.49x
TTM Avg
15.78x
3Y Avg
21.16x
5Y Avg
21.75x
Market Cap
$17.82B
EV/EBITDA Ratio
12.04x
TTM Avg
12.02x
3Y Avg
15.25x
5Y Avg
16.08x
Market Cap
$17.02B
EV/EBITDA Ratio
48.75x
TTM Avg
68.05x
3Y Avg
52.54x
5Y Avg
39.23x
Market Cap
$18.10B
EV/EBITDA Ratio
9.02x
TTM Avg
9.54x
3Y Avg
12.92x
5Y Avg
12.93x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| MKS Inc. (MKSI) | $17.43B | 19.81x | 22.31x | 17.81x | 12.88x |
| Zebra Technologies Corporation (ZBRA)vs › | $17.39B | 17.49x | 15.78x | 21.16x | 21.75x |
| Toast, Inc. (TOST)vs › | $17.46B | 33.78x | 54.06x | 107.81x | 107.81x |
| Dynatrace, Inc. (DT)vs › | $17.10B | 54.32x | 44.49x | 64.45x | 75.77x |
| CDW Corporation (CDW)vs › | $17.82B | 12.04x | 12.02x | 15.25x | 16.08x |
| BE Semiconductor Industries N.V. (BESIY)vs › | $17.02B | 48.75x | 68.05x | 52.54x | 39.23x |
| IonQ, Inc. (IONQ)vs › | $16.79B | N/A | N/A | N/A | N/A |
| Unity Software Inc. (U)vs › | $18.08B | N/A | N/A | N/A | N/A |
| Fidelity National Information Services, Inc. (FIS)vs › | $18.10B | 9.02x | 9.54x | 12.92x | 12.93x |
| Fortive Corporation (FTV)vs › | $16.74B | 16.87x | 15.54x | 14.28x | 14.96x |
At 19.8, EV/EBITDA is above its estimated 20-year median — higher than 88% 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
3.7
median
11.5
estimated 20-year high
37.4
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 | 21.71x |
| 2026-09-10 | 21.33x |
| 2026-09-09 | 21.76x |
| 2026-09-08 | 21.58x |
| 2026-09-04 | 21.23x |
| 2026-09-03 | 20.49x |
| 2026-09-02 | 20.61x |
| 2026-09-01 | 20.27x |
| 2026-08-31 | 20.95x |
| 2026-08-28 | 20.91x |
| 2026-08-27 | 21.96x |
| 2026-08-26 | 22.01x |
| 2026-08-25 | 21.92x |
| 2026-08-24 | 21.83x |
| 2026-08-21 | 22.52x |
| 2026-08-20 | 22.71x |
| 2026-08-19 | 22.69x |
| 2026-08-18 | 23.96x |
| 2026-08-17 | 25.37x |
| 2026-08-14 | 24.68x |
| 2026-08-13 | 24.38x |
| 2026-08-12 | 24.42x |
| 2026-08-11 | 23.56x |
| 2026-08-10 | 23.42x |
| 2026-08-07 | 24.29x |
| 2026-08-06 | 25.86x |
| 2026-08-05 | 27.50x |
| 2026-08-04 | 28.07x |
| 2026-08-03 | 27.26x |
| 2026-07-31 | 26.32x |
| 2026-07-30 | 26.01x |
| 2026-07-29 | 23.32x |
| 2026-07-28 | 25.41x |
| 2026-07-27 | 27.69x |
| 2026-07-24 | 28.71x |
| 2026-07-23 | 29.92x |
| 2026-07-22 | 29.88x |
| 2026-07-21 | 29.93x |
| 2026-07-20 | 28.34x |
| 2026-07-17 | 28.37x |
| 2026-07-16 | 28.92x |
| 2026-07-15 | 30.56x |
| 2026-07-14 | 30.91x |
| 2026-07-13 | 30.43x |
| 2026-07-10 | 31.67x |
| 2026-07-09 | 31.69x |
| 2026-07-08 | 30.23x |
| 2026-07-07 | 30.24x |
| 2026-07-06 | 31.63x |
| 2026-07-02 | 31.44x |
| 2026-07-01 | 34.87x |
| 2026-06-30 | 37.41x |
| 2026-06-29 | 35.24x |
| 2026-06-26 | 33.18x |
| 2026-06-25 | 34.81x |
| 2026-06-24 | 32.65x |
| 2026-06-23 | 33.22x |
| 2026-06-22 | 35.58x |
| 2026-06-18 | 34.51x |
| 2026-06-17 | 31.87x |
| 2026-06-16 | 31.50x |
| 2026-06-15 | 32.18x |
| 2026-06-12 | 30.70x |
| 2026-06-11 | 29.92x |
| 2026-06-10 | 27.72x |
| 2026-06-09 | 28.09x |
| 2026-06-08 | 27.42x |
| 2026-06-05 | 26.64x |
| 2026-06-04 | 28.79x |
| 2026-06-03 | 29.16x |
| 2026-06-02 | 28.87x |
| 2026-06-01 | 27.84x |
| 2026-05-29 | 28.34x |
| 2026-05-28 | 28.27x |
| 2026-05-27 | 28.62x |
| 2026-05-26 | 29.08x |
| 2026-05-22 | 28.06x |
| 2026-05-21 | 27.50x |
| 2026-05-20 | 27.38x |
| 2026-05-19 | 26.06x |
| 2026-05-18 | 26.19x |
| 2026-05-15 | 26.75x |
| 2026-05-14 | 27.55x |
| 2026-05-13 | 27.81x |
| 2026-05-12 | 27.39x |
| 2026-05-11 | 27.99x |
| 2026-05-08 | 27.51x |
| 2026-05-07 | 27.44x |
| 2026-05-06 | 26.90x |
| 2026-05-05 | 26.42x |
| 2026-05-04 | 26.72x |
| 2026-05-01 | 25.79x |
| 2026-04-30 | 26.12x |
| 2026-04-29 | 24.71x |
| 2026-04-28 | 24.90x |
| 2026-04-27 | 25.71x |
| 2026-04-24 | 25.91x |
| 2026-04-23 | 25.88x |
| 2026-04-22 | 25.72x |
| 2026-04-21 | 25.35x |
| 2026-04-20 | 25.83x |
| 2026-04-17 | 25.73x |
| 2026-04-16 | 25.06x |
| 2026-04-15 | 24.99x |
| 2026-04-14 | 25.38x |
| 2026-04-13 | 25.31x |
| 2026-04-10 | 24.97x |
| 2026-04-09 | 24.54x |
| 2026-04-08 | 23.99x |
| 2026-04-07 | 22.61x |
| 2026-04-06 | 22.52x |
| 2026-04-02 | 22.34x |
| 2026-04-01 | 22.44x |
| 2026-03-31 | 21.97x |
| 2026-03-30 | 20.48x |
| 2026-03-27 | 21.46x |
| 2026-03-26 | 21.61x |
| 2026-03-25 | 23.04x |
| 2026-03-24 | 23.03x |
| 2026-03-23 | 22.37x |
| 2026-03-20 | 21.76x |
| 2026-03-19 | 22.51x |
| 2026-03-18 | 22.25x |
| 2026-03-17 | 21.90x |
| 2026-03-16 | 21.36x |
| 2026-03-13 | 20.71x |
| 2026-03-12 | 20.71x |
| 2026-03-11 | 21.54x |
| 2026-03-10 | 21.62x |
| 2026-03-09 | 21.09x |
| 2026-03-06 | 20.44x |
| 2026-03-05 | 22.02x |
| 2026-03-04 | 22.39x |
| 2026-03-03 | 22.18x |
| 2026-03-02 | 23.08x |
| 2026-02-27 | 23.10x |
| 2026-02-26 | 23.11x |
| 2026-02-25 | 23.98x |
| 2026-02-24 | 24.17x |
| 2026-02-23 | 24.35x |
| 2026-02-20 | 24.79x |
| 2026-02-19 | 23.99x |
| 2026-02-18 | 24.09x |
| 2026-02-17 | 25.07x |
| 2026-02-13 | 24.90x |
| 2026-02-12 | 24.01x |
| 2026-02-11 | 24.77x |
| 2026-02-10 | 24.26x |
| 2026-02-09 | 24.11x |
| 2026-02-06 | 23.51x |
| 2026-02-05 | 22.25x |
| 2026-02-04 | 21.71x |
| 2026-02-03 | 22.46x |
| 2026-02-02 | 22.77x |
| 2026-01-30 | 22.92x |
| 2026-01-29 | 23.58x |
| 2026-01-28 | 22.97x |
| 2026-01-27 | 22.46x |
| 2026-01-26 | 21.61x |
| 2026-01-23 | 21.48x |
| 2026-01-22 | 21.95x |
| 2026-01-21 | 21.77x |
| 2026-01-20 | 20.98x |
| 2026-01-16 | 20.46x |
| 2026-01-15 | 20.56x |
| 2026-01-14 | 19.39x |
| 2026-01-13 | 19.62x |
| 2026-01-12 | 19.05x |
| 2026-01-09 | 19.06x |
| 2026-01-08 | 18.50x |
| 2026-01-07 | 18.84x |
| 2026-01-06 | 18.86x |
| 2026-01-05 | 18.29x |
| 2026-01-02 | 17.67x |
| 2025-12-31 | 17.00x |
| 2025-12-30 | 17.16x |
| 2025-12-29 | 17.24x |
| 2025-12-26 | 17.35x |
| 2025-12-24 | 17.28x |
| 2025-12-23 | 17.25x |
| 2025-12-22 | 17.17x |
| 2025-12-19 | 16.98x |
| 2025-12-18 | 16.78x |
| 2025-12-17 | 16.13x |
| 2025-12-16 | 16.73x |
| 2025-12-15 | 16.96x |
| 2025-12-12 | 16.69x |
| 2025-12-11 | 17.55x |
| 2025-12-10 | 17.64x |
| 2025-12-09 | 17.42x |
| 2025-12-08 | 17.36x |
| 2025-12-05 | 17.25x |
| 2025-12-04 | 17.28x |
| 2025-12-03 | 17.28x |
| 2025-12-02 | 17.09x |
| 2025-12-01 | 16.70x |
| 2025-11-28 | 16.74x |
| 2025-11-26 | 16.39x |
| 2025-11-25 | 16.16x |
| 2025-11-24 | 16.23x |
| 2025-11-21 | 15.77x |
| 2025-11-20 | 15.34x |
| 2025-11-19 | 15.76x |
| 2025-11-18 | 15.48x |
| 2025-11-17 | 15.59x |
| 2025-11-14 | 15.67x |
| 2025-11-13 | 15.78x |
| 2025-11-12 | 16.48x |
| 2025-11-11 | 16.44x |
| 2025-11-10 | 16.93x |
| 2025-11-07 | 16.61x |
| 2025-11-06 | 16.94x |
| 2025-11-05 | 15.74x |
| 2025-11-04 | 15.52x |
| 2025-11-03 | 16.17x |
| 2025-10-31 | 16.03x |
| 2025-10-30 | 15.69x |
| 2025-10-29 | 15.85x |
| 2025-10-28 | 15.78x |
| 2025-10-27 | 16.14x |
| 2025-10-24 | 15.97x |
| 2025-10-23 | 15.79x |
| 2025-10-22 | 15.30x |
| 2025-10-21 | 15.80x |
| 2025-10-20 | 15.87x |
| 2025-10-17 | 15.47x |
| 2025-10-16 | 15.56x |
| 2025-10-15 | 15.46x |
| 2025-10-14 | 15.16x |
| 2025-10-13 | 15.19x |
| 2025-10-10 | 14.26x |
| 2025-10-09 | 15.29x |
| 2025-10-08 | 15.19x |
| 2025-10-07 | 14.86x |
| 2025-10-06 | 15.70x |
| 2025-10-03 | 15.57x |
| 2025-10-02 | 15.47x |
| 2025-10-01 | 15.05x |
| 2025-09-30 | 14.46x |
| 2025-09-29 | 14.33x |
| 2025-09-26 | 14.31x |
| 2025-09-25 | 14.34x |
| 2025-09-24 | 14.48x |
| 2025-09-23 | 14.84x |
| 2025-09-22 | 14.79x |
| 2025-09-19 | 14.84x |
| 2025-09-18 | 14.95x |
| 2025-09-17 | 14.12x |
| 2025-09-16 | 14.03x |
| 2025-09-15 | 13.88x |
| 2025-09-12 | 13.78x |
| 2025-09-11 | 13.85x |
| 2025-09-10 | 13.42x |
| 2025-09-09 | 13.24x |
| 2025-09-08 | 13.30x |
| 2025-09-05 | 12.94x |
| 2025-09-04 | 12.72x |
| 2025-09-03 | 12.61x |
| 2025-09-02 | 12.74x |
| 2025-08-29 | 12.85x |
Showing the most recent 260 of 4,464 data points. The chart above shows the full history.
