Basis: Latest stored market observation. 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 33.43x is 65% below its 5-year average of 95.49x, near the low end of its 5-year range (27.97x–3254.67x).
As of Friday, September 4, 2026. 23.32% below its 12-month average of 43.60x.
EV/EBITDA RATIO
33.43x
EV/EBITDA RATIO AVG TTM
43.60x
EV/EBITDA RATIO AVG 3Y
68.90x
EV/EBITDA RATIO AVG 5Y
95.49x
EV/EBITDA RATIO AVG 10Y
N/A
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-23.32%
CURRENT VS 3Y AVG
-51.48%
CURRENT VS 5Y AVG
-64.99%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
11.88x
median of 29 covered companies
CURRENT VS SECTOR MEDIAN
+181.40%
vs the sector median at left
Spotify Technology S.A.
Market Cap
$108.84B
EV/EBITDA Ratio
33.43x
TTM Avg
43.60x
3Y Avg
68.90x
5Y Avg
95.49x
Market Cap
$93.32B
EV/EBITDA Ratio
5.20x
TTM Avg
5.24x
3Y Avg
6.32x
5Y Avg
7.37x
Market Cap
$87.56B
EV/EBITDA Ratio
45.79x
TTM Avg
63.77x
3Y Avg
232.97x
5Y Avg
232.97x
Market Cap
$70.49B
EV/EBITDA Ratio
10.67x
TTM Avg
6.56x
3Y Avg
4.99x
5Y Avg
4.92x
Market Cap
$39.97B
EV/EBITDA Ratio
27.53x
TTM Avg
23.48x
3Y Avg
20.56x
5Y Avg
22.94x
Market Cap
$181.60B
EV/EBITDA Ratio
10.51x
TTM Avg
11.86x
3Y Avg
13.37x
5Y Avg
17.75x
Market Cap
$28.64B
EV/EBITDA Ratio
37.10x
TTM Avg
115.53x
3Y Avg
192.46x
5Y Avg
192.46x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Spotify Technology S.A. (SPOT) | $108.84B | 33.43x | 43.60x | 68.90x | 95.49x |
| Comcast Corporation (CMCSA)vs › | $93.32B | 5.20x | 5.24x | 6.32x | 7.37x |
| DoorDash, Inc. (DASH)vs › | $87.56B | 45.79x | 63.77x | 232.97x | 232.97x |
| Warner Bros. Discovery, Inc. (WBD)vs › | $70.49B | 10.67x | 6.56x | 4.99x | 4.92x |
| AT&T Inc. (T)vs › | $175.52B | 6.99x | 7.21x | 6.89x | 6.91x |
| Live Nation Entertainment, Inc. (LYV)vs › | $39.97B | 27.53x | 23.48x | 20.56x | 22.94x |
| The Walt Disney Company (DIS)vs › | $181.60B | 10.51x | 11.86x | 13.37x | 17.75x |
| Reddit, Inc. (RDDT)vs › | $28.64B | 37.10x | 115.53x | 192.46x | 192.46x |
| Fox Corporation (FOXA)vs › | $28.54B | 8.29x | 8.79x | 8.05x | 7.87x |
| EchoStar Corporation (SATS)vs › | $25.07B | 22.01x | 38.60x | 21.53x | 15.79x |
At 33.4, EV/EBITDA is at an extreme level, where the multiple carries little signal — higher than 6% of readings in its 7-year history.
7-year low
28.0
median
122.0
7-year high
3254.7
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 |
|---|---|
| 2026-09-04 | 33.43x |
| 2026-09-03 | 34.58x |
| 2026-09-02 | 34.53x |
| 2026-09-01 | 33.54x |
| 2026-08-31 | 33.51x |
| 2026-08-28 | 33.76x |
| 2026-08-27 | 32.44x |
| 2026-08-26 | 33.93x |
| 2026-08-25 | 34.09x |
| 2026-08-24 | 33.13x |
| 2026-08-21 | 32.86x |
| 2026-08-20 | 32.82x |
| 2026-08-19 | 32.84x |
| 2026-08-18 | 31.72x |
| 2026-08-17 | 30.17x |
| 2026-08-14 | 31.50x |
| 2026-08-13 | 30.55x |
| 2026-08-12 | 29.98x |
| 2026-08-11 | 30.73x |
| 2026-08-10 | 31.43x |
| 2026-08-07 | 29.89x |
| 2026-08-06 | 29.04x |
| 2026-08-05 | 29.50x |
| 2026-08-04 | 29.24x |
| 2026-08-03 | 32.86x |
| 2026-07-31 | 33.83x |
| 2026-07-30 | 35.45x |
| 2026-07-29 | 35.55x |
| 2026-07-28 | 34.66x |
| 2026-07-27 | 33.46x |
| 2026-07-24 | 32.60x |
| 2026-07-23 | 31.62x |
| 2026-07-22 | 31.99x |
| 2026-07-21 | 33.35x |
| 2026-07-20 | 33.29x |
| 2026-07-17 | 32.28x |
| 2026-07-16 | 32.13x |
| 2026-07-15 | 32.79x |
| 2026-07-14 | 32.48x |
| 2026-07-13 | 32.40x |
| 2026-07-10 | 32.39x |
| 2026-07-09 | 32.83x |
| 2026-07-08 | 32.78x |
| 2026-07-07 | 33.41x |
| 2026-07-06 | 32.62x |
| 2026-07-02 | 32.84x |
| 2026-07-01 | 31.87x |
| 2026-06-30 | 30.92x |
| 2026-06-29 | 31.14x |
| 2026-06-26 | 30.98x |
| 2026-06-25 | 29.64x |
| 2026-06-24 | 30.62x |
| 2026-06-23 | 30.66x |
| 2026-06-22 | 30.93x |
| 2026-06-18 | 31.56x |
| 2026-06-17 | 30.67x |
| 2026-06-16 | 31.68x |
| 2026-06-15 | 32.40x |
| 2026-06-12 | 32.55x |
| 2026-06-11 | 32.84x |
| 2026-06-10 | 34.06x |
| 2026-06-09 | 33.57x |
| 2026-06-08 | 34.06x |
| 2026-06-05 | 33.62x |
| 2026-06-04 | 33.38x |
| 2026-06-03 | 32.95x |
| 2026-06-02 | 33.94x |
| 2026-06-01 | 34.39x |
| 2026-05-29 | 33.67x |
| 2026-05-28 | 35.03x |
| 2026-05-27 | 34.75x |
| 2026-05-26 | 35.96x |
| 2026-05-22 | 35.26x |
| 2026-05-21 | 33.12x |
| 2026-05-20 | 29.07x |
| 2026-05-19 | 29.66x |
| 2026-05-18 | 29.91x |
| 2026-05-15 | 29.33x |
| 2026-05-14 | 29.02x |
| 2026-05-13 | 28.90x |
| 2026-05-12 | 29.03x |
| 2026-05-11 | 28.09x |
| 2026-05-08 | 27.97x |
| 2026-05-07 | 28.65x |
| 2026-05-06 | 28.50x |
| 2026-05-05 | 28.09x |
| 2026-05-04 | 29.43x |
| 2026-05-01 | 29.66x |
| 2026-04-30 | 30.02x |
| 2026-04-29 | 29.81x |
| 2026-04-28 | 29.14x |
| 2026-04-27 | 38.41x |
| 2026-04-24 | 40.19x |
| 2026-04-23 | 40.02x |
| 2026-04-22 | 40.58x |
| 2026-04-21 | 40.54x |
| 2026-04-20 | 41.69x |
| 2026-04-17 | 41.68x |
| 2026-04-16 | 41.27x |
| 2026-04-15 | 41.24x |
| 2026-04-14 | 39.66x |
| 2026-04-13 | 39.08x |
| 2026-04-10 | 36.82x |
| 2026-04-09 | 37.68x |
| 2026-04-08 | 37.40x |
| 2026-04-07 | 37.40x |
| 2026-04-06 | 37.50x |
| 2026-04-02 | 37.86x |
| 2026-04-01 | 36.35x |
| 2026-03-31 | 37.54x |
| 2026-03-30 | 36.74x |
| 2026-03-27 | 36.54x |
| 2026-03-26 | 37.00x |
| 2026-03-25 | 36.60x |
| 2026-03-24 | 37.53x |
| 2026-03-23 | 38.14x |
| 2026-03-20 | 36.71x |
| 2026-03-19 | 37.35x |
| 2026-03-18 | 40.09x |
| 2026-03-17 | 40.77x |
| 2026-03-16 | 40.67x |
| 2026-03-13 | 40.03x |
| 2026-03-12 | 39.52x |
| 2026-03-11 | 39.90x |
| 2026-03-10 | 41.17x |
| 2026-03-09 | 42.34x |
| 2026-03-06 | 43.97x |
| 2026-03-05 | 42.92x |
| 2026-03-04 | 41.48x |
| 2026-03-03 | 40.35x |
| 2026-03-02 | 39.33x |
| 2026-02-27 | 39.94x |
| 2026-02-26 | 38.40x |
| 2026-02-25 | 35.81x |
| 2026-02-24 | 36.00x |
| 2026-02-23 | 36.17x |
| 2026-02-20 | 37.99x |
| 2026-02-19 | 37.57x |
| 2026-02-18 | 36.95x |
| 2026-02-17 | 35.77x |
| 2026-02-13 | 35.41x |
| 2026-02-12 | 34.41x |
| 2026-02-11 | 37.72x |
| 2026-02-10 | 36.83x |
| 2026-02-09 | 36.52x |
| 2026-02-06 | 37.23x |
| 2026-02-05 | 36.33x |
| 2026-02-04 | 38.88x |
| 2026-02-03 | 41.96x |
| 2026-02-02 | 45.14x |
| 2026-01-30 | 44.38x |
| 2026-01-29 | 44.71x |
| 2026-01-28 | 45.15x |
| 2026-01-27 | 45.42x |
| 2026-01-26 | 45.51x |
| 2026-01-23 | 45.56x |
| 2026-01-22 | 44.22x |
| 2026-01-21 | 44.55x |
| 2026-01-20 | 45.39x |
| 2026-01-16 | 44.76x |
| 2026-01-15 | 45.09x |
| 2026-01-14 | 47.01x |
| 2026-01-13 | 47.53x |
| 2026-01-12 | 47.11x |
| 2026-01-09 | 47.97x |
| 2026-01-08 | 49.28x |
| 2026-01-07 | 50.75x |
| 2026-01-06 | 50.92x |
| 2026-01-05 | 52.93x |
| 2026-01-02 | 51.24x |
| 2025-12-31 | 51.77x |
| 2025-12-30 | 51.40x |
| 2025-12-29 | 51.81x |
| 2025-12-26 | 52.10x |
| 2025-12-24 | 52.31x |
| 2025-12-23 | 51.65x |
| 2025-12-22 | 51.59x |
| 2025-12-19 | 51.90x |
| 2025-12-18 | 50.22x |
| 2025-12-17 | 50.44x |
| 2025-12-16 | 51.62x |
| 2025-12-15 | 51.44x |
| 2025-12-12 | 53.34x |
| 2025-12-11 | 53.44x |
| 2025-12-10 | 54.41x |
| 2025-12-09 | 52.59x |
| 2025-12-08 | 51.00x |
| 2025-12-05 | 50.32x |
| 2025-12-04 | 49.95x |
| 2025-12-03 | 49.60x |
| 2025-12-02 | 51.41x |
| 2025-12-01 | 51.60x |
| 2025-11-28 | 53.44x |
| 2025-11-26 | 52.87x |
| 2025-11-25 | 52.21x |
| 2025-11-24 | 52.16x |
| 2025-11-21 | 52.04x |
| 2025-11-20 | 52.55x |
| 2025-11-19 | 55.25x |
| 2025-11-18 | 56.89x |
| 2025-11-17 | 57.28x |
| 2025-11-14 | 56.83x |
| 2025-11-13 | 57.71x |
| 2025-11-12 | 57.94x |
| 2025-11-11 | 57.18x |
| 2025-11-10 | 55.65x |
| 2025-11-07 | 55.10x |
| 2025-11-06 | 55.22x |
| 2025-11-05 | 55.38x |
| 2025-11-04 | 56.26x |
| 2025-11-03 | 59.92x |
| 2025-10-31 | 61.00x |
| 2025-10-30 | 61.13x |
| 2025-10-29 | 61.98x |
| 2025-10-28 | 60.81x |
| 2025-10-27 | 61.23x |
| 2025-10-24 | 60.09x |
| 2025-10-23 | 62.76x |
| 2025-10-22 | 62.93x |
| 2025-10-21 | 64.23x |
| 2025-10-20 | 62.92x |
| 2025-10-17 | 62.54x |
| 2025-10-16 | 61.87x |
| 2025-10-15 | 62.52x |
| 2025-10-14 | 63.68x |
| 2025-10-13 | 64.50x |
| 2025-10-10 | 63.85x |
| 2025-10-09 | 62.74x |
| 2025-10-08 | 62.85x |
| 2025-10-07 | 63.39x |
| 2025-10-06 | 63.38x |
| 2025-10-03 | 63.40x |
| 2025-10-02 | 65.95x |
| 2025-10-01 | 65.32x |
| 2025-09-30 | 65.07x |
| 2025-09-29 | 67.97x |
| 2025-09-26 | 66.83x |
| 2025-09-25 | 66.46x |
| 2025-09-24 | 66.08x |
| 2025-09-23 | 67.06x |
| 2025-09-22 | 68.93x |
| 2025-09-19 | 68.59x |
| 2025-09-18 | 68.51x |
| 2025-09-17 | 65.94x |
| 2025-09-16 | 65.65x |
| 2025-09-15 | 65.55x |
| 2025-09-12 | 64.91x |
| 2025-09-11 | 64.33x |
| 2025-09-10 | 65.65x |
| 2025-09-09 | 67.09x |
| 2025-09-08 | 67.00x |
| 2025-09-05 | 65.94x |
| 2025-09-04 | 65.63x |
| 2025-09-03 | 65.00x |
| 2025-09-02 | 64.27x |
| 2025-08-29 | 63.53x |
| 2025-08-28 | 64.09x |
| 2025-08-27 | 64.59x |
| 2025-08-26 | 64.92x |
| 2025-08-25 | 64.76x |
Showing the most recent 260 of 1,162 data points. The chart above shows the full history.
