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 10.05x is 18% below its estimated 5-year average of 12.23x, around the middle of its estimated 5-year range (4.53x–22.13x).
As of 2026-09-09T20:00:00.000Z. 26.10% below its estimated 12-month average of 13.60x.
Quote observation: 2026-09-09T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: c898cc673ec7f1254bd11709183942efd121dc4ed0f2dd5d57ee5fc5de7ebfba
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
10.05x
EV/EBITDA RATIO AVG TTM
13.60x
EV/EBITDA RATIO AVG 3Y
14.15x
EV/EBITDA RATIO AVG 5Y
12.23x
EV/EBITDA RATIO AVG 10Y
13.88x
EV/EBITDA RATIO AVG 15Y
12.17x
EV/EBITDA RATIO AVG 20Y
11.18x
CURRENT VS TTM AVG
-26.10%
CURRENT VS 3Y AVG
-28.99%
CURRENT VS 5Y AVG
-17.82%
CURRENT VS 10Y AVG
-27.57%
CURRENT VS 15Y AVG
-17.40%
CURRENT VS 20Y AVG
-10.07%
SECTOR MEDIAN · COMMUNICATION SERVICES
11.43x
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
-12.11%
vs the sector median at left
Netflix, Inc.
Market Cap
$316.58B
EV/EBITDA Ratio
10.05x
TTM Avg
13.60x
3Y Avg
14.15x
5Y Avg
12.23x
Market Cap
$207.69B
EV/EBITDA Ratio
8.29x
TTM Avg
7.51x
3Y Avg
7.27x
5Y Avg
7.36x
Market Cap
$190.23B
EV/EBITDA Ratio
9.96x
TTM Avg
10.75x
3Y Avg
11.51x
5Y Avg
11.95x
Market Cap
$180.91B
EV/EBITDA Ratio
10.39x
TTM Avg
11.84x
3Y Avg
13.36x
5Y Avg
17.71x
Market Cap
$493.38B
EV/EBITDA Ratio
11.35x
TTM Avg
16.64x
3Y Avg
16.22x
5Y Avg
16.16x
Market Cap
$107.52B
EV/EBITDA Ratio
31.63x
TTM Avg
43.30x
3Y Avg
377.06x
5Y Avg
371.55x
Market Cap
$87.26B
EV/EBITDA Ratio
4.99x
TTM Avg
5.23x
3Y Avg
6.30x
5Y Avg
7.36x
Market Cap
$85.94B
EV/EBITDA Ratio
42.26x
TTM Avg
63.35x
3Y Avg
232.96x
5Y Avg
232.96x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Netflix, Inc. (NFLX) | $316.58B | 10.05x | 13.60x | 14.15x | 12.23x |
| Verizon Communications Inc. (VZ)vs › | $207.69B | 8.29x | 7.51x | 7.27x | 7.36x |
| T-Mobile US, Inc. (TMUS)vs › | $190.23B | 9.96x | 10.75x | 11.51x | 11.95x |
| The Walt Disney Company (DIS)vs › | $180.91B | 10.39x | 11.84x | 13.36x | 17.71x |
| AT&T Inc. (T)vs › | $172.37B | 6.86x | 7.20x | 6.89x | 6.91x |
| Tencent Holdings Limited (TCEHY)vs › | $493.38B | 11.35x | 16.64x | 16.22x | 16.16x |
| Spotify Technology S.A. (SPOT)vs › | $107.52B | 31.63x | 43.30x | 377.06x | 371.55x |
| Comcast Corporation (CMCSA)vs › | $87.26B | 4.99x | 5.23x | 6.30x | 7.36x |
| DoorDash, Inc. (DASH)vs › | $85.94B | 42.26x | 63.35x | 232.96x | 232.96x |
| Warner Bros. Discovery, Inc. (WBD)vs › | $69.97B | 10.37x | 6.61x | 5.01x | 4.92x |
At 10.1, EV/EBITDA is near its estimated 20-year median — higher than 44% 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
2.1
median
10.9
estimated 20-year high
24.7
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 | 10.28x |
| 2026-09-08 | 10.38x |
| 2026-09-04 | 10.58x |
| 2026-09-03 | 11.16x |
| 2026-09-02 | 11.17x |
| 2026-09-01 | 10.92x |
| 2026-08-31 | 10.95x |
| 2026-08-28 | 11.04x |
| 2026-08-27 | 10.79x |
| 2026-08-26 | 11.00x |
| 2026-08-25 | 11.11x |
| 2026-08-24 | 10.81x |
| 2026-08-21 | 10.75x |
| 2026-08-20 | 10.83x |
| 2026-08-19 | 10.84x |
| 2026-08-18 | 10.51x |
| 2026-08-17 | 10.28x |
| 2026-08-14 | 10.56x |
| 2026-08-13 | 10.57x |
| 2026-08-12 | 10.04x |
| 2026-08-11 | 10.11x |
| 2026-08-10 | 10.31x |
| 2026-08-07 | 10.03x |
| 2026-08-06 | 9.97x |
| 2026-08-05 | 10.04x |
| 2026-08-04 | 9.95x |
| 2026-08-03 | 9.92x |
| 2026-07-31 | 9.71x |
| 2026-07-30 | 9.90x |
| 2026-07-29 | 9.96x |
| 2026-07-28 | 9.80x |
| 2026-07-27 | 9.53x |
| 2026-07-24 | 9.49x |
| 2026-07-23 | 9.33x |
| 2026-07-22 | 9.28x |
| 2026-07-21 | 9.30x |
| 2026-07-20 | 9.16x |
| 2026-07-17 | 9.60x |
| 2026-07-16 | 10.34x |
| 2026-07-15 | 10.25x |
| 2026-07-14 | 10.23x |
| 2026-07-13 | 10.27x |
| 2026-07-10 | 10.21x |
| 2026-07-09 | 10.50x |
| 2026-07-08 | 10.51x |
| 2026-07-07 | 10.59x |
| 2026-07-06 | 10.57x |
| 2026-07-02 | 10.80x |
| 2026-07-01 | 10.32x |
| 2026-06-30 | 9.93x |
| 2026-06-29 | 10.26x |
| 2026-06-26 | 10.27x |
| 2026-06-25 | 9.87x |
| 2026-06-24 | 10.00x |
| 2026-06-23 | 10.13x |
| 2026-06-22 | 10.14x |
| 2026-06-18 | 10.76x |
| 2026-06-17 | 10.70x |
| 2026-06-16 | 10.95x |
| 2026-06-15 | 11.35x |
| 2026-06-12 | 11.17x |
| 2026-06-11 | 11.30x |
| 2026-06-10 | 11.40x |
| 2026-06-09 | 11.32x |
| 2026-06-08 | 11.49x |
| 2026-06-05 | 11.42x |
| 2026-06-04 | 11.34x |
| 2026-06-03 | 11.33x |
| 2026-06-02 | 11.58x |
| 2026-06-01 | 11.93x |
| 2026-05-29 | 11.95x |
| 2026-05-28 | 12.00x |
| 2026-05-27 | 12.14x |
| 2026-05-26 | 12.18x |
| 2026-05-22 | 12.31x |
| 2026-05-21 | 12.41x |
| 2026-05-20 | 12.24x |
| 2026-05-19 | 12.41x |
| 2026-05-18 | 12.46x |
| 2026-05-15 | 12.09x |
| 2026-05-14 | 12.08x |
| 2026-05-13 | 12.17x |
| 2026-05-12 | 12.18x |
| 2026-05-11 | 11.88x |
| 2026-05-08 | 12.16x |
| 2026-05-07 | 12.26x |
| 2026-05-06 | 12.27x |
| 2026-05-05 | 12.21x |
| 2026-05-04 | 12.65x |
| 2026-05-01 | 12.79x |
| 2026-04-30 | 13.00x |
| 2026-04-29 | 12.80x |
| 2026-04-28 | 12.82x |
| 2026-04-27 | 12.69x |
| 2026-04-24 | 12.84x |
| 2026-04-23 | 12.89x |
| 2026-04-22 | 12.95x |
| 2026-04-21 | 12.86x |
| 2026-04-20 | 13.17x |
| 2026-04-17 | 14.15x |
| 2026-04-16 | 15.65x |
| 2026-04-15 | 15.64x |
| 2026-04-14 | 15.43x |
| 2026-04-13 | 14.99x |
| 2026-04-10 | 14.96x |
| 2026-04-09 | 14.83x |
| 2026-04-08 | 14.44x |
| 2026-04-07 | 14.36x |
| 2026-04-06 | 14.38x |
| 2026-04-02 | 14.34x |
| 2026-04-01 | 13.89x |
| 2026-03-31 | 13.98x |
| 2026-03-30 | 13.52x |
| 2026-03-27 | 13.59x |
| 2026-03-26 | 13.57x |
| 2026-03-25 | 13.42x |
| 2026-03-24 | 13.23x |
| 2026-03-23 | 13.58x |
| 2026-03-20 | 13.36x |
| 2026-03-19 | 13.35x |
| 2026-03-18 | 13.77x |
| 2026-03-17 | 13.72x |
| 2026-03-16 | 13.84x |
| 2026-03-13 | 13.86x |
| 2026-03-12 | 13.72x |
| 2026-03-11 | 13.80x |
| 2026-03-10 | 14.09x |
| 2026-03-09 | 14.29x |
| 2026-03-06 | 14.39x |
| 2026-03-05 | 14.41x |
| 2026-03-04 | 14.34x |
| 2026-03-03 | 14.20x |
| 2026-03-02 | 14.11x |
| 2026-02-27 | 13.99x |
| 2026-02-26 | 12.32x |
| 2026-02-25 | 12.05x |
| 2026-02-24 | 11.38x |
| 2026-02-23 | 11.09x |
| 2026-02-20 | 11.47x |
| 2026-02-19 | 11.23x |
| 2026-02-18 | 11.37x |
| 2026-02-17 | 11.23x |
| 2026-02-13 | 11.21x |
| 2026-02-12 | 11.07x |
| 2026-02-11 | 11.61x |
| 2026-02-10 | 11.98x |
| 2026-02-09 | 11.87x |
| 2026-02-06 | 11.98x |
| 2026-02-05 | 11.79x |
| 2026-02-04 | 11.68x |
| 2026-02-03 | 11.65x |
| 2026-02-02 | 12.06x |
| 2026-01-30 | 12.16x |
| 2026-01-29 | 12.11x |
| 2026-01-28 | 12.33x |
| 2026-01-27 | 12.46x |
| 2026-01-26 | 12.48x |
| 2026-01-23 | 13.16x |
| 2026-01-22 | 12.77x |
| 2026-01-21 | 13.05x |
| 2026-01-20 | 13.34x |
| 2026-01-16 | 13.45x |
| 2026-01-15 | 13.45x |
| 2026-01-14 | 13.53x |
| 2026-01-13 | 13.80x |
| 2026-01-12 | 13.66x |
| 2026-01-09 | 13.67x |
| 2026-01-08 | 13.83x |
| 2026-01-07 | 13.86x |
| 2026-01-06 | 13.85x |
| 2026-01-05 | 13.97x |
| 2026-01-02 | 13.90x |
| 2025-12-31 | 14.32x |
| 2025-12-30 | 14.32x |
| 2025-12-29 | 14.37x |
| 2025-12-26 | 14.42x |
| 2025-12-24 | 14.30x |
| 2025-12-23 | 14.28x |
| 2025-12-22 | 14.24x |
| 2025-12-19 | 14.41x |
| 2025-12-18 | 14.35x |
| 2025-12-17 | 14.47x |
| 2025-12-16 | 14.44x |
| 2025-12-15 | 14.32x |
| 2025-12-12 | 14.53x |
| 2025-12-11 | 14.37x |
| 2025-12-10 | 14.16x |
| 2025-12-09 | 14.76x |
| 2025-12-08 | 14.77x |
| 2025-12-05 | 15.29x |
| 2025-12-04 | 15.74x |
| 2025-12-03 | 15.85x |
| 2025-12-02 | 16.67x |
| 2025-12-01 | 16.63x |
| 2025-11-28 | 16.40x |
| 2025-11-26 | 16.18x |
| 2025-11-25 | 15.92x |
| 2025-11-24 | 16.31x |
| 2025-11-21 | 15.91x |
| 2025-11-20 | 16.11x |
| 2025-11-19 | 16.76x |
| 2025-11-18 | 17.38x |
| 2025-11-17 | 16.81x |
| 2025-11-14 | 16.95x |
| 2025-11-13 | 17.58x |
| 2025-11-12 | 17.63x |
| 2025-11-11 | 17.31x |
| 2025-11-10 | 17.07x |
| 2025-11-07 | 16.82x |
| 2025-11-06 | 16.72x |
| 2025-11-05 | 16.74x |
| 2025-11-04 | 16.66x |
| 2025-11-03 | 16.77x |
| 2025-10-31 | 17.05x |
| 2025-10-30 | 16.60x |
| 2025-10-29 | 16.77x |
| 2025-10-28 | 16.80x |
| 2025-10-27 | 16.68x |
| 2025-10-24 | 16.68x |
| 2025-10-23 | 16.97x |
| 2025-10-22 | 17.48x |
| 2025-10-21 | 19.41x |
| 2025-10-20 | 19.36x |
| 2025-10-17 | 18.76x |
| 2025-10-16 | 18.51x |
| 2025-10-15 | 18.82x |
| 2025-10-14 | 19.01x |
| 2025-10-13 | 19.06x |
| 2025-10-10 | 19.08x |
| 2025-10-09 | 19.25x |
| 2025-10-08 | 18.99x |
| 2025-10-07 | 18.63x |
| 2025-10-06 | 18.20x |
| 2025-10-03 | 18.05x |
| 2025-10-02 | 18.19x |
| 2025-10-01 | 18.32x |
| 2025-09-30 | 18.75x |
| 2025-09-29 | 18.87x |
| 2025-09-26 | 18.93x |
| 2025-09-25 | 18.89x |
| 2025-09-24 | 18.83x |
| 2025-09-23 | 19.05x |
| 2025-09-22 | 19.19x |
| 2025-09-19 | 19.18x |
| 2025-09-18 | 18.89x |
| 2025-09-17 | 19.21x |
| 2025-09-16 | 18.78x |
| 2025-09-15 | 18.80x |
| 2025-09-12 | 18.59x |
| 2025-09-11 | 18.82x |
| 2025-09-10 | 19.50x |
| 2025-09-09 | 19.75x |
| 2025-09-08 | 19.46x |
| 2025-09-05 | 19.44x |
| 2025-09-04 | 19.66x |
| 2025-09-03 | 19.17x |
| 2025-09-02 | 18.99x |
| 2025-08-29 | 18.90x |
| 2025-08-28 | 19.25x |
| 2025-08-27 | 19.13x |
Showing the most recent 260 of 4,784 data points. The chart above shows the full history.
