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 28.62x is 235% above its estimated 5-year average of 8.54x, around the middle of its estimated 5-year range (5.20x–42.83x).
As of 2026-10-02T23:46:01.569Z. 17.33% above its estimated 12-month average of 24.39x.
Calculation as of: 2026-10-02T23:46:01.569Z.
Quote observation: 2026-10-02T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 0fdc402b322aa1e083c116b9cfa672f3aa0a4952bc00be9a95d2d473b74e5a0b
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 2026-10-02.
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
28.62x
EV/EBITDA RATIO AVG TTM
24.39x
EV/EBITDA RATIO AVG 3Y
12.48x
EV/EBITDA RATIO AVG 5Y
8.54x
EV/EBITDA RATIO AVG 10Y
12.71x
EV/EBITDA RATIO AVG 15Y
12.86x
EV/EBITDA RATIO AVG 20Y
12.59x
CURRENT VS TTM AVG
+17.33%
CURRENT VS 3Y AVG
+129.38%
CURRENT VS 5Y AVG
+235.25%
CURRENT VS 10Y AVG
+125.09%
CURRENT VS 15Y AVG
+122.63%
CURRENT VS 20Y AVG
+127.27%
SECTOR MEDIAN · TECHNOLOGY
26.01x
median of 176 covered companies
CURRENT VS SECTOR MEDIAN
+10.03%
vs the sector median at left
Market Cap
$58.27B
EV/EBITDA Ratio
535.42x
TTM Avg
584.96x
3Y Avg
584.96x
5Y Avg
584.96x
Market Cap
$55.40B
EV/EBITDA Ratio
50.86x
TTM Avg
87.32x
3Y Avg
46.88x
5Y Avg
34.76x
Market Cap
$60.05B
EV/EBITDA Ratio
209.99x
TTM Avg
265.66x
3Y Avg
333.31x
5Y Avg
333.31x
Market Cap
$61.44B
EV/EBITDA Ratio
15.18x
TTM Avg
16.79x
3Y Avg
15.25x
5Y Avg
14.46x
Market Cap
$51.11B
EV/EBITDA Ratio
24.36x
TTM Avg
18.15x
3Y Avg
10.66x
5Y Avg
9.92x
Market Cap
$63.89B
EV/EBITDA Ratio
14.66x
TTM Avg
16.28x
3Y Avg
14.48x
5Y Avg
13.92x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Nokia Oyj (NOK) | $57.25B | 28.62x | 24.39x | 12.48x | 8.54x |
| Nebius Group N.V. (NBIS)vs › | $58.27B | 535.42x | 584.96x | 584.96x | 584.96x |
| Ciena Corporation (CIEN)vs › | $55.40B | 50.86x | 87.32x | 46.88x | 34.76x |
| Astera Labs, Inc. Common Stock (ALAB)vs › | $60.05B | 209.99x | 265.66x | 333.31x | 333.31x |
| Garmin Ltd. (GRMN)vs › | $54.22B | 22.69x | 21.24x | 21.32x | 18.82x |
| NXP Semiconductors N.V. (NXPI)vs › | $61.44B | 15.18x | 16.79x | 15.25x | 14.46x |
| Strategy Inc (MSTR)vs › | $52.93B | N/A | 157.14x | 100.82x | 53.09x |
| STMicroelectronics N.V. (STM)vs › | $51.11B | 24.36x | 18.15x | 10.66x | 9.92x |
| TE Connectivity plc (TEL)vs › | $63.89B | 14.66x | 16.28x | 14.48x | 13.92x |
| Atlassian Corporation (TEAM)vs › | $49.35B | 326.94x | 307.02x | 307.02x | 584.81x |
At 28.6, EV/EBITDA is above its estimated 20-year median — higher than 91% 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
2.9
median
12.3
estimated 20-year high
75.4
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 |
|---|---|
| 2026-10-02 | 30.79x |
| 2026-10-01 | 30.10x |
| 2026-09-30 | 29.42x |
| 2026-09-29 | 30.07x |
| 2026-09-28 | 29.36x |
| 2026-09-25 | 30.16x |
| 2026-09-24 | 30.28x |
| 2026-09-23 | 30.87x |
| 2026-09-22 | 31.44x |
| 2026-09-21 | 31.79x |
| 2026-09-18 | 31.02x |
| 2026-09-17 | 30.79x |
| 2026-09-16 | 29.42x |
| 2026-09-15 | 28.54x |
| 2026-09-14 | 27.97x |
| 2026-09-11 | 32.35x |
| 2026-09-10 | 30.84x |
| 2026-09-09 | 31.26x |
| 2026-09-08 | 30.93x |
| 2026-09-04 | 29.10x |
| 2026-09-03 | 28.33x |
| 2026-09-02 | 28.54x |
| 2026-09-01 | 28.80x |
| 2026-08-31 | 29.42x |
| 2026-08-28 | 29.63x |
| 2026-08-27 | 30.76x |
| 2026-08-26 | 30.22x |
| 2026-08-25 | 30.05x |
| 2026-08-24 | 28.89x |
| 2026-08-21 | 29.63x |
| 2026-08-20 | 29.45x |
| 2026-08-19 | 29.39x |
| 2026-08-18 | 30.16x |
| 2026-08-17 | 31.32x |
| 2026-08-14 | 31.26x |
| 2026-08-13 | 30.67x |
| 2026-08-12 | 29.96x |
| 2026-08-11 | 27.35x |
| 2026-08-10 | 26.44x |
| 2026-08-07 | 27.12x |
| 2026-08-06 | 27.32x |
| 2026-08-05 | 27.77x |
| 2026-08-04 | 28.77x |
| 2026-08-03 | 27.12x |
| 2026-07-31 | 26.47x |
| 2026-07-30 | 26.32x |
| 2026-07-29 | 24.31x |
| 2026-07-28 | 25.84x |
| 2026-07-27 | 26.88x |
| 2026-07-24 | 26.35x |
| 2026-07-23 | 24.37x |
| 2026-07-22 | 25.80x |
| 2026-07-21 | 26.71x |
| 2026-07-20 | 25.28x |
| 2026-07-17 | 25.39x |
| 2026-07-16 | 26.06x |
| 2026-07-15 | 28.32x |
| 2026-07-14 | 29.48x |
| 2026-07-13 | 29.46x |
| 2026-07-10 | 31.40x |
| 2026-07-09 | 32.59x |
| 2026-07-08 | 30.13x |
| 2026-07-07 | 29.87x |
| 2026-07-06 | 31.58x |
| 2026-07-02 | 30.44x |
| 2026-07-01 | 32.62x |
| 2026-06-30 | 33.58x |
| 2026-06-29 | 32.93x |
| 2026-06-26 | 32.88x |
| 2026-06-25 | 35.39x |
| 2026-06-24 | 34.95x |
| 2026-06-23 | 34.67x |
| 2026-06-22 | 36.56x |
| 2026-06-18 | 34.12x |
| 2026-06-17 | 35.00x |
| 2026-06-16 | 35.39x |
| 2026-06-15 | 37.57x |
| 2026-06-12 | 37.52x |
| 2026-06-11 | 35.68x |
| 2026-06-10 | 33.89x |
| 2026-06-09 | 35.06x |
| 2026-06-08 | 36.97x |
| 2026-06-05 | 36.43x |
| 2026-06-04 | 42.24x |
| 2026-06-03 | 42.52x |
| 2026-06-02 | 42.83x |
| 2026-06-01 | 41.28x |
| 2026-05-29 | 37.62x |
| 2026-05-28 | 38.76x |
| 2026-05-27 | 39.80x |
| 2026-05-26 | 41.82x |
| 2026-05-22 | 39.26x |
| 2026-05-21 | 35.91x |
| 2026-05-20 | 34.46x |
| 2026-05-19 | 34.59x |
| 2026-05-18 | 34.77x |
| 2026-05-15 | 35.32x |
| 2026-05-14 | 36.64x |
| 2026-05-13 | 37.29x |
| 2026-05-12 | 33.29x |
| 2026-05-11 | 35.24x |
| 2026-05-08 | 32.39x |
| 2026-05-07 | 31.17x |
| 2026-05-06 | 33.34x |
| 2026-05-05 | 33.94x |
| 2026-05-04 | 33.22x |
| 2026-05-01 | 33.63x |
| 2026-04-30 | 32.62x |
| 2026-04-29 | 31.45x |
| 2026-04-28 | 28.44x |
| 2026-04-27 | 27.04x |
| 2026-04-24 | 26.27x |
| 2026-04-23 | 25.93x |
| 2026-04-22 | 24.71x |
| 2026-04-21 | 26.11x |
| 2026-04-20 | 26.63x |
| 2026-04-17 | 25.88x |
| 2026-04-16 | 25.83x |
| 2026-04-15 | 25.05x |
| 2026-04-14 | 25.98x |
| 2026-04-13 | 26.03x |
| 2026-04-10 | 23.67x |
| 2026-04-09 | 23.91x |
| 2026-04-08 | 23.62x |
| 2026-04-07 | 22.09x |
| 2026-04-06 | 22.20x |
| 2026-04-02 | 22.02x |
| 2026-04-01 | 20.59x |
| 2026-03-31 | 20.66x |
| 2026-03-30 | 20.46x |
| 2026-03-27 | 20.51x |
| 2026-03-26 | 21.29x |
| 2026-03-25 | 21.62x |
| 2026-03-24 | 21.21x |
| 2026-03-23 | 20.72x |
| 2026-03-20 | 20.51x |
| 2026-03-19 | 21.34x |
| 2026-03-18 | 21.49x |
| 2026-03-17 | 21.98x |
| 2026-03-16 | 22.24x |
| 2026-03-13 | 21.18x |
| 2026-03-12 | 20.92x |
| 2026-03-11 | 20.30x |
| 2026-03-10 | 20.04x |
| 2026-03-09 | 20.28x |
| 2026-03-06 | 19.89x |
| 2026-03-05 | 20.79x |
| 2026-03-04 | 21.61x |
| 2026-03-03 | 21.39x |
| 2026-03-02 | 21.90x |
| 2026-02-27 | 20.44x |
| 2026-02-26 | 19.85x |
| 2026-02-25 | 20.03x |
| 2026-02-24 | 19.82x |
| 2026-02-23 | 20.03x |
| 2026-02-20 | 20.58x |
| 2026-02-19 | 20.12x |
| 2026-02-18 | 19.66x |
| 2026-02-17 | 19.30x |
| 2026-02-13 | 18.57x |
| 2026-02-12 | 18.41x |
| 2026-02-11 | 19.41x |
| 2026-02-10 | 18.71x |
| 2026-02-09 | 18.98x |
| 2026-02-06 | 18.68x |
| 2026-02-05 | 18.11x |
| 2026-02-04 | 17.95x |
| 2026-02-03 | 17.65x |
| 2026-02-02 | 17.57x |
| 2026-01-30 | 16.95x |
| 2026-01-29 | 16.57x |
| 2026-01-28 | 18.00x |
| 2026-01-27 | 18.33x |
| 2026-01-26 | 18.25x |
| 2026-01-23 | 17.87x |
| 2026-01-22 | 17.14x |
| 2026-01-21 | 16.97x |
| 2026-01-20 | 16.89x |
| 2026-01-16 | 17.27x |
| 2026-01-15 | 17.43x |
| 2026-01-14 | 16.76x |
| 2026-01-13 | 17.19x |
| 2026-01-12 | 17.35x |
| 2026-01-09 | 17.08x |
| 2026-01-08 | 17.11x |
| 2026-01-07 | 17.92x |
| 2026-01-06 | 17.05x |
| 2026-01-05 | 17.14x |
| 2026-01-02 | 17.16x |
| 2025-12-31 | 17.05x |
| 2025-12-30 | 17.16x |
| 2025-12-29 | 17.35x |
| 2025-12-26 | 17.46x |
| 2025-12-24 | 17.38x |
| 2025-12-23 | 17.22x |
| 2025-12-22 | 17.24x |
| 2025-12-19 | 17.14x |
| 2025-12-18 | 16.81x |
| 2025-12-17 | 16.38x |
| 2025-12-16 | 16.57x |
| 2025-12-15 | 16.32x |
| 2025-12-12 | 16.51x |
| 2025-12-11 | 16.76x |
| 2025-12-10 | 16.38x |
| 2025-12-09 | 16.27x |
| 2025-12-08 | 16.19x |
| 2025-12-05 | 15.97x |
| 2025-12-04 | 16.21x |
| 2025-12-03 | 16.48x |
| 2025-12-02 | 16.30x |
| 2025-12-01 | 16.11x |
| 2025-11-28 | 16.00x |
| 2025-11-26 | 16.00x |
| 2025-11-25 | 15.94x |
| 2025-11-24 | 16.02x |
| 2025-11-21 | 15.62x |
| 2025-11-20 | 15.43x |
| 2025-11-19 | 15.86x |
| 2025-11-18 | 17.51x |
| 2025-11-17 | 17.57x |
| 2025-11-14 | 17.76x |
| 2025-11-13 | 17.89x |
| 2025-11-12 | 18.54x |
| 2025-11-11 | 18.22x |
| 2025-11-10 | 18.41x |
| 2025-11-07 | 18.06x |
| 2025-11-06 | 18.25x |
| 2025-11-05 | 18.08x |
| 2025-11-04 | 17.98x |
| 2025-11-03 | 18.90x |
| 2025-10-31 | 18.25x |
| 2025-10-30 | 18.84x |
| 2025-10-29 | 19.38x |
| 2025-10-28 | 20.58x |
| 2025-10-27 | 16.76x |
| 2025-10-24 | 16.59x |
| 2025-10-23 | 16.65x |
| 2025-10-22 | 14.93x |
| 2025-10-21 | 15.02x |
| 2025-10-20 | 15.37x |
| 2025-10-17 | 15.46x |
| 2025-10-16 | 15.29x |
| 2025-10-15 | 15.21x |
| 2025-10-14 | 14.71x |
| 2025-10-13 | 14.10x |
| 2025-10-10 | 14.30x |
| 2025-10-09 | 13.91x |
| 2025-10-08 | 13.88x |
| 2025-10-07 | 13.61x |
| 2025-10-06 | 13.27x |
| 2025-10-03 | 13.14x |
| 2025-10-02 | 13.08x |
| 2025-10-01 | 12.91x |
| 2025-09-30 | 12.89x |
| 2025-09-29 | 12.58x |
| 2025-09-26 | 12.47x |
| 2025-09-25 | 12.53x |
| 2025-09-24 | 12.69x |
| 2025-09-23 | 13.00x |
| 2025-09-22 | 12.78x |
Showing the most recent 260 of 4,625 data points. The chart above shows the full history.
