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 23.01x is in line with its estimated 5-year average of 23.74x, near the low end of its estimated 5-year range (6.37x–65.22x).
As of 2026-10-06T20:04:47.876Z. 163.34% above its estimated 12-month average of 8.74x.
Calculation as of: 2026-10-06T20:04:47.876Z.
Quote observation: 2026-10-06T19:59:59.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 388746144c2ee454cb3047d72e394c7b6f1e9768079597bf92a971c067654ea7
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 2026-10-05.
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
23.01x
EV/EBITDA RATIO AVG TTM
8.74x
EV/EBITDA RATIO AVG 3Y
8.51x
EV/EBITDA RATIO AVG 5Y
23.74x
EV/EBITDA RATIO AVG 10Y
60.44x
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+163.34%
CURRENT VS 3Y AVG
+170.35%
CURRENT VS 5Y AVG
-3.07%
CURRENT VS 10Y AVG
-61.93%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
21.41x
median of 345 covered companies
CURRENT VS SECTOR MEDIAN
+7.47%
vs the sector median at left
Upland Software, Inc.
Market Cap
$11.13M
EV/EBITDA Ratio
23.01x
TTM Avg
8.74x
3Y Avg
8.51x
5Y Avg
23.74x
Market Cap
$11.00M
EV/EBITDA Ratio
N/A
TTM Avg
958.61x
3Y Avg
415.10x
5Y Avg
282.35x
Market Cap
$11.09M
EV/EBITDA Ratio
N/A
TTM Avg
64388.94x
3Y Avg
42938.23x
5Y Avg
148702.71x
Market Cap
$11.21M
EV/EBITDA Ratio
N/A
TTM Avg
100.81x
3Y Avg
100.81x
5Y Avg
100.81x
Market Cap
$11.73M
EV/EBITDA Ratio
N/A
TTM Avg
26.20x
3Y Avg
27.98x
5Y Avg
27.98x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Upland Software, Inc. (UPLD) | $11.13M | 23.01x | 8.74x | 8.51x | 23.74x |
| ClearOne, Inc. (CLRO)vs › | $11.00M | N/A | 958.61x | 415.10x | 282.35x |
| Quhuo Limited (QH)vs › | $11.09M | N/A | 64388.94x | 42938.23x | 148702.71x |
| Bridgeline Digital, Inc. (BLIN)vs › | $11.21M | N/A | 100.81x | 100.81x | 100.81x |
| Cheche Group Inc. (CCG)vs › | $11.25M | N/A | N/A | N/A | N/A |
| Helport AI Limited (HPAI)vs › | $11.03M | N/A | N/A | N/A | N/A |
| BTC Digital Ltd. (BTCT)vs › | $10.66M | N/A | 55.80x | 28.21x | 28.21x |
| House of Doge Inc. (HODO)vs › | $11.79M | N/A | N/A | N/A | N/A |
| Smith Micro Software, Inc. (SMSI)vs › | $11.73M | N/A | 26.20x | 27.98x | 27.98x |
| Wetouch Technology Inc. (WETH)vs › | $11.81M | N/A | N/A | N/A | N/A |
At 23.0, EV/EBITDA is below its estimated 10-year median — higher than 23% of readings in its estimated 10-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 10-year low
6.4
median
69.6
estimated 10-year high
4503.4
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 |
|---|---|
| 2026-10-05 | 23.02x |
| 2026-10-02 | 22.99x |
| 2026-10-01 | 22.98x |
| 2026-09-30 | 22.95x |
| 2026-09-29 | 22.82x |
| 2026-09-28 | 22.85x |
| 2026-09-25 | 22.88x |
| 2026-09-24 | 22.92x |
| 2026-09-23 | 22.93x |
| 2026-09-22 | 22.98x |
| 2026-09-21 | 22.94x |
| 2026-09-18 | 22.97x |
| 2026-09-17 | 23.02x |
| 2026-09-16 | 23.07x |
| 2026-09-15 | 23.00x |
| 2026-09-14 | 22.79x |
| 2026-09-11 | 22.83x |
| 2026-09-10 | 22.82x |
| 2026-09-09 | 22.88x |
| 2026-09-08 | 22.92x |
| 2026-09-04 | 22.98x |
| 2026-09-03 | 23.08x |
| 2026-09-02 | 23.12x |
| 2026-09-01 | 23.12x |
| 2026-08-31 | 23.20x |
| 2026-08-28 | 23.31x |
| 2026-08-27 | 23.29x |
| 2026-08-26 | 23.25x |
| 2026-08-25 | 23.31x |
| 2026-08-24 | 23.32x |
| 2026-08-21 | 23.37x |
| 2026-08-20 | 23.30x |
| 2026-08-19 | 23.19x |
| 2026-08-18 | 23.27x |
| 2026-08-17 | 23.32x |
| 2026-08-14 | 6.48x |
| 2026-08-13 | 6.55x |
| 2026-08-12 | 6.45x |
| 2026-08-11 | 6.43x |
| 2026-08-10 | 6.44x |
| 2026-08-07 | 6.47x |
| 2026-08-06 | 6.39x |
| 2026-08-05 | 6.39x |
| 2026-08-04 | 6.41x |
| 2026-08-03 | 6.40x |
| 2026-07-31 | 6.39x |
| 2026-07-30 | 6.42x |
| 2026-07-29 | 6.41x |
| 2026-07-28 | 6.44x |
| 2026-07-27 | 6.40x |
| 2026-07-24 | 6.37x |
| 2026-07-23 | 6.38x |
| 2026-07-22 | 6.39x |
| 2026-07-21 | 6.42x |
| 2026-07-20 | 6.44x |
| 2026-07-17 | 6.48x |
| 2026-07-16 | 6.48x |
| 2026-07-15 | 6.50x |
| 2026-07-14 | 6.47x |
| 2026-07-13 | 6.45x |
| 2026-07-10 | 6.45x |
| 2026-07-09 | 6.44x |
| 2026-07-08 | 6.42x |
| 2026-07-07 | 6.44x |
| 2026-07-06 | 6.48x |
| 2026-07-02 | 6.44x |
| 2026-07-01 | 6.43x |
| 2026-06-30 | 6.42x |
| 2026-06-29 | 6.41x |
| 2026-06-26 | 6.37x |
| 2026-06-25 | 6.39x |
| 2026-06-24 | 6.40x |
| 2026-06-23 | 6.44x |
| 2026-06-22 | 6.43x |
| 2026-06-18 | 6.47x |
| 2026-06-17 | 6.46x |
| 2026-06-16 | 6.54x |
| 2026-06-15 | 6.58x |
| 2026-06-12 | 6.61x |
| 2026-06-11 | 6.66x |
| 2026-06-10 | 6.63x |
| 2026-06-09 | 6.66x |
| 2026-06-08 | 6.66x |
| 2026-06-05 | 6.63x |
| 2026-06-04 | 6.69x |
| 2026-06-03 | 6.74x |
| 2026-06-02 | 6.84x |
| 2026-06-01 | 6.88x |
| 2026-05-29 | 6.80x |
| 2026-05-28 | 6.79x |
| 2026-05-27 | 6.71x |
| 2026-05-26 | 6.73x |
| 2026-05-22 | 6.63x |
| 2026-05-21 | 6.66x |
| 2026-05-20 | 6.65x |
| 2026-05-19 | 6.66x |
| 2026-05-18 | 6.69x |
| 2026-05-15 | 6.65x |
| 2026-05-14 | 6.70x |
| 2026-05-13 | 6.61x |
| 2026-05-12 | 6.67x |
| 2026-05-11 | 6.73x |
| 2026-05-08 | 6.88x |
| 2026-05-07 | 6.86x |
| 2026-05-06 | 6.84x |
| 2026-05-05 | 6.82x |
| 2026-05-04 | 6.64x |
| 2026-05-01 | 7.14x |
| 2026-04-30 | 7.15x |
| 2026-04-29 | 7.17x |
| 2026-04-28 | 7.12x |
| 2026-04-27 | 7.12x |
| 2026-04-24 | 7.13x |
| 2026-04-23 | 7.12x |
| 2026-04-22 | 7.19x |
| 2026-04-21 | 7.17x |
| 2026-04-20 | 7.18x |
| 2026-04-17 | 7.20x |
| 2026-04-16 | 7.16x |
| 2026-04-15 | 7.20x |
| 2026-04-14 | 7.15x |
| 2026-04-13 | 7.11x |
| 2026-04-10 | 7.17x |
| 2026-04-09 | 7.17x |
| 2026-04-08 | 7.20x |
| 2026-04-07 | 7.20x |
| 2026-04-06 | 7.23x |
| 2026-04-02 | 7.19x |
| 2026-04-01 | 7.19x |
| 2026-03-31 | 7.19x |
| 2026-03-30 | 7.13x |
| 2026-03-27 | 7.14x |
| 2026-03-26 | 7.18x |
| 2026-03-25 | 7.22x |
| 2026-03-24 | 7.18x |
| 2026-03-23 | 7.23x |
| 2026-03-20 | 7.10x |
| 2026-03-19 | 7.04x |
| 2026-03-18 | 7.07x |
| 2026-03-17 | 7.09x |
| 2026-03-16 | 7.07x |
| 2026-03-13 | 7.08x |
| 2026-03-12 | 7.08x |
| 2026-03-11 | 7.09x |
| 2026-03-10 | 7.05x |
| 2026-03-09 | 7.13x |
| 2026-03-06 | 7.18x |
| 2026-03-05 | 7.26x |
| 2026-03-04 | 7.28x |
| 2026-03-03 | 10.99x |
| 2026-03-02 | 11.09x |
| 2026-02-27 | 11.09x |
| 2026-02-26 | 11.12x |
| 2026-02-25 | 11.14x |
| 2026-02-24 | 11.14x |
| 2026-02-23 | 11.14x |
| 2026-02-20 | 11.22x |
| 2026-02-19 | 11.21x |
| 2026-02-18 | 11.17x |
| 2026-02-17 | 11.19x |
| 2026-02-13 | 11.18x |
| 2026-02-12 | 11.19x |
| 2026-02-11 | 11.24x |
| 2026-02-10 | 11.35x |
| 2026-02-09 | 11.40x |
| 2026-02-06 | 11.38x |
| 2026-02-05 | 11.35x |
| 2026-02-04 | 11.43x |
| 2026-02-03 | 11.46x |
| 2026-02-02 | 11.46x |
| 2026-01-30 | 11.48x |
| 2026-01-29 | 11.53x |
| 2026-01-28 | 11.57x |
| 2026-01-27 | 11.57x |
| 2026-01-26 | 11.59x |
| 2026-01-23 | 11.59x |
| 2026-01-22 | 11.62x |
| 2026-01-21 | 11.60x |
| 2026-01-20 | 11.62x |
| 2026-01-16 | 11.62x |
| 2026-01-15 | 11.64x |
| 2026-01-14 | 11.62x |
| 2026-01-13 | 11.64x |
| 2026-01-12 | 11.69x |
| 2026-01-09 | 11.61x |
| 2026-01-08 | 11.62x |
| 2026-01-07 | 11.63x |
| 2026-01-06 | 11.69x |
| 2026-01-05 | 11.70x |
| 2026-01-02 | 11.63x |
| 2025-12-31 | 11.57x |
| 2025-12-30 | 11.61x |
| 2025-12-29 | 11.64x |
| 2025-12-26 | 11.65x |
| 2025-12-24 | 11.64x |
| 2025-12-23 | 11.64x |
| 2025-12-22 | 11.61x |
| 2025-12-19 | 11.59x |
| 2025-12-18 | 11.59x |
| 2025-12-17 | 11.57x |
| 2025-12-16 | 11.61x |
| 2025-12-15 | 11.65x |
| 2025-12-12 | 11.74x |
| 2025-12-11 | 11.75x |
| 2025-12-10 | 11.75x |
| 2025-12-09 | 11.72x |
| 2025-12-08 | 11.69x |
| 2025-12-05 | 11.77x |
| 2025-12-04 | 11.82x |
| 2025-12-03 | 11.87x |
| 2025-12-02 | 11.90x |
| 2025-12-01 | 11.90x |
| 2025-11-28 | 11.92x |
| 2025-11-26 | 11.90x |
| 2025-11-25 | 11.96x |
| 2025-11-24 | 11.89x |
| 2025-11-21 | 11.89x |
| 2025-11-20 | 11.86x |
| 2025-11-19 | 11.89x |
| 2025-11-18 | 11.85x |
| 2025-11-17 | 11.84x |
| 2025-11-14 | 11.91x |
| 2025-11-13 | 11.95x |
| 2025-11-12 | 11.86x |
| 2025-11-11 | 11.88x |
| 2025-11-10 | 11.90x |
| 2025-11-07 | 11.82x |
| 2025-11-06 | 8.48x |
| 2025-11-05 | 8.55x |
| 2025-11-04 | 8.54x |
| 2025-11-03 | 8.66x |
| 2025-10-31 | 8.69x |
| 2025-10-30 | 8.66x |
| 2025-10-29 | 8.68x |
| 2025-10-28 | 8.74x |
| 2025-10-27 | 8.73x |
| 2025-10-24 | 8.81x |
| 2025-10-23 | 8.77x |
| 2025-10-22 | 8.76x |
| 2025-10-21 | 8.81x |
| 2025-10-20 | 8.84x |
| 2025-10-17 | 8.94x |
| 2025-10-16 | 9.05x |
| 2025-10-15 | 9.08x |
| 2025-10-14 | 9.01x |
| 2025-10-13 | 8.96x |
| 2025-10-10 | 8.90x |
| 2025-10-09 | 9.03x |
| 2025-10-08 | 8.90x |
| 2025-10-07 | 8.95x |
| 2025-10-06 | 9.00x |
| 2025-10-03 | 8.95x |
| 2025-10-02 | 8.93x |
| 2025-10-01 | 8.87x |
| 2025-09-30 | 8.95x |
| 2025-09-29 | 9.07x |
| 2025-09-26 | 9.09x |
| 2025-09-25 | 9.08x |
| 2025-09-24 | 9.16x |
| 2025-09-23 | 9.12x |
Showing the most recent 260 of 1,766 data points. The chart above shows the full history.
