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 37.52x is 34% below its estimated 5-year average of 56.96x, near the low end of its estimated 5-year range (23.35x–107.97x).
As of 2026-09-12T00:16:11.692Z. 0.27% below its estimated 12-month average of 37.62x.
Calculation as of: 2026-09-12T00:16:11.692Z.
Quote observation: 2026-09-11T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 1335f1666f11d18125e93a485d8c577ed61d8a15e2b296e18b2c748cb200d1f0
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
37.52x
EV/EBITDA RATIO AVG TTM
37.62x
EV/EBITDA RATIO AVG 3Y
53.50x
EV/EBITDA RATIO AVG 5Y
56.96x
EV/EBITDA RATIO AVG 10Y
67.75x
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-0.27%
CURRENT VS 3Y AVG
-29.87%
CURRENT VS 5Y AVG
-34.13%
CURRENT VS 10Y AVG
-44.62%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
26.14x
median of 156 covered companies
CURRENT VS SECTOR MEDIAN
+43.53%
vs the sector median at left
Veeva Systems Inc.
Market Cap
$42.63B
EV/EBITDA Ratio
37.52x
TTM Avg
37.62x
3Y Avg
53.50x
5Y Avg
56.96x
Market Cap
$44.85B
EV/EBITDA Ratio
18.94x
TTM Avg
29.31x
3Y Avg
37.47x
5Y Avg
44.50x
Market Cap
$40.29B
EV/EBITDA Ratio
30.90x
TTM Avg
48.55x
3Y Avg
29.82x
5Y Avg
24.19x
Market Cap
$40.29B
EV/EBITDA Ratio
46.43x
TTM Avg
46.25x
3Y Avg
55.70x
5Y Avg
41.27x
Market Cap
$45.98B
EV/EBITDA Ratio
21.96x
TTM Avg
17.37x
3Y Avg
10.30x
5Y Avg
9.80x
Market Cap
$39.21B
EV/EBITDA Ratio
14.57x
TTM Avg
15.98x
3Y Avg
21.94x
5Y Avg
23.45x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Veeva Systems Inc. (VEEV) | $42.63B | 37.52x | 37.62x | 53.50x | 56.96x |
| Strategy Inc (MSTR)vs › | $43.33B | N/A | 157.14x | 100.82x | 53.09x |
| Autodesk, Inc. (ADSK)vs › | $44.85B | 18.94x | 29.31x | 37.47x | 44.50x |
| Microchip Technology Incorporated (MCHP)vs › | $40.29B | 30.90x | 48.55x | 29.82x | 24.19x |
| Take-Two Interactive Software, Inc. (TTWO)vs › | $40.29B | 46.43x | 46.25x | 55.70x | 41.27x |
| Celestica Inc. (CLS)vs › | $39.85B | 27.75x | 34.37x | 20.84x | 14.61x |
| STMicroelectronics N.V. (STM)vs › | $45.98B | 21.96x | 17.37x | 10.30x | 9.80x |
| Roper Technologies, Inc. (ROP)vs › | $39.21B | 14.57x | 15.98x | 21.94x | 23.45x |
| NetApp, Inc. (NTAP)vs › | $39.11B | 19.23x | 15.49x | 15.58x | 13.95x |
| Block, Inc. (XYZ)vs › | $47.14B | 15.67x | 13.67x | 110.45x | 196.03x |
At 37.5, EV/EBITDA is below its estimated 13-year median — higher than 5% of readings in its estimated 13-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 13-year low
23.4
median
64.0
estimated 13-year high
166.5
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 | 37.90x |
| 2026-09-08 | 38.51x |
| 2026-09-04 | 40.06x |
| 2026-09-03 | 41.47x |
| 2026-09-02 | 40.91x |
| 2026-09-01 | 40.69x |
| 2026-08-31 | 41.66x |
| 2026-08-28 | 40.30x |
| 2026-08-27 | 44.50x |
| 2026-08-26 | 38.39x |
| 2026-08-25 | 38.70x |
| 2026-08-24 | 38.98x |
| 2026-08-21 | 38.88x |
| 2026-08-20 | 39.32x |
| 2026-08-19 | 39.39x |
| 2026-08-18 | 38.04x |
| 2026-08-17 | 37.32x |
| 2026-08-14 | 38.20x |
| 2026-08-13 | 39.66x |
| 2026-08-12 | 37.84x |
| 2026-08-11 | 37.03x |
| 2026-08-10 | 36.72x |
| 2026-08-07 | 36.03x |
| 2026-08-06 | 33.95x |
| 2026-08-05 | 33.24x |
| 2026-08-04 | 32.97x |
| 2026-08-03 | 32.05x |
| 2026-07-31 | 31.65x |
| 2026-07-30 | 31.28x |
| 2026-07-29 | 32.33x |
| 2026-07-28 | 31.23x |
| 2026-07-27 | 30.12x |
| 2026-07-24 | 28.77x |
| 2026-07-23 | 27.68x |
| 2026-07-22 | 28.49x |
| 2026-07-21 | 29.26x |
| 2026-07-20 | 30.60x |
| 2026-07-17 | 30.27x |
| 2026-07-16 | 30.60x |
| 2026-07-15 | 29.99x |
| 2026-07-14 | 29.90x |
| 2026-07-13 | 30.51x |
| 2026-07-10 | 29.41x |
| 2026-07-09 | 29.34x |
| 2026-07-08 | 29.09x |
| 2026-07-07 | 29.77x |
| 2026-07-06 | 29.72x |
| 2026-07-02 | 29.84x |
| 2026-07-01 | 28.44x |
| 2026-06-30 | 27.33x |
| 2026-06-29 | 27.13x |
| 2026-06-26 | 26.33x |
| 2026-06-25 | 24.15x |
| 2026-06-24 | 24.69x |
| 2026-06-23 | 24.42x |
| 2026-06-22 | 23.35x |
| 2026-06-18 | 23.37x |
| 2026-06-17 | 23.62x |
| 2026-06-16 | 25.02x |
| 2026-06-15 | 24.82x |
| 2026-06-12 | 24.39x |
| 2026-06-11 | 24.72x |
| 2026-06-10 | 25.09x |
| 2026-06-09 | 25.73x |
| 2026-06-08 | 25.66x |
| 2026-06-05 | 28.64x |
| 2026-06-04 | 29.69x |
| 2026-06-03 | 29.71x |
| 2026-06-02 | 30.44x |
| 2026-06-01 | 31.43x |
| 2026-05-29 | 28.94x |
| 2026-05-28 | 27.21x |
| 2026-05-27 | 26.19x |
| 2026-05-26 | 26.20x |
| 2026-05-22 | 26.48x |
| 2026-05-21 | 26.15x |
| 2026-05-20 | 27.31x |
| 2026-05-19 | 27.03x |
| 2026-05-18 | 27.12x |
| 2026-05-15 | 26.25x |
| 2026-05-14 | 25.80x |
| 2026-05-13 | 25.71x |
| 2026-05-12 | 26.35x |
| 2026-05-11 | 26.33x |
| 2026-05-08 | 27.55x |
| 2026-05-07 | 27.89x |
| 2026-05-06 | 27.73x |
| 2026-05-05 | 28.40x |
| 2026-05-04 | 28.23x |
| 2026-05-01 | 28.47x |
| 2026-04-30 | 25.75x |
| 2026-04-29 | 26.14x |
| 2026-04-28 | 26.19x |
| 2026-04-27 | 26.53x |
| 2026-04-24 | 26.65x |
| 2026-04-23 | 25.78x |
| 2026-04-22 | 27.11x |
| 2026-04-21 | 27.81x |
| 2026-04-20 | 27.99x |
| 2026-04-17 | 27.83x |
| 2026-04-16 | 27.79x |
| 2026-04-15 | 27.72x |
| 2026-04-14 | 26.29x |
| 2026-04-13 | 26.18x |
| 2026-04-10 | 24.96x |
| 2026-04-09 | 25.94x |
| 2026-04-08 | 27.59x |
| 2026-04-07 | 28.63x |
| 2026-04-06 | 29.00x |
| 2026-04-02 | 28.88x |
| 2026-04-01 | 28.67x |
| 2026-03-31 | 29.17x |
| 2026-03-30 | 29.23x |
| 2026-03-27 | 28.64x |
| 2026-03-26 | 29.63x |
| 2026-03-25 | 29.60x |
| 2026-03-24 | 29.77x |
| 2026-03-23 | 30.84x |
| 2026-03-20 | 32.29x |
| 2026-03-19 | 32.57x |
| 2026-03-18 | 32.28x |
| 2026-03-17 | 32.78x |
| 2026-03-16 | 32.52x |
| 2026-03-13 | 31.33x |
| 2026-03-12 | 31.69x |
| 2026-03-11 | 32.85x |
| 2026-03-10 | 33.33x |
| 2026-03-09 | 34.42x |
| 2026-03-06 | 34.40x |
| 2026-03-05 | 34.48x |
| 2026-03-04 | 33.11x |
| 2026-03-03 | 32.63x |
| 2026-03-02 | 31.81x |
| 2026-02-27 | 31.91x |
| 2026-02-26 | 32.07x |
| 2026-02-25 | 30.89x |
| 2026-02-24 | 30.76x |
| 2026-02-23 | 30.09x |
| 2026-02-20 | 31.60x |
| 2026-02-19 | 32.01x |
| 2026-02-18 | 31.77x |
| 2026-02-17 | 30.95x |
| 2026-02-13 | 30.45x |
| 2026-02-12 | 30.06x |
| 2026-02-11 | 30.99x |
| 2026-02-10 | 32.83x |
| 2026-02-09 | 32.39x |
| 2026-02-06 | 32.21x |
| 2026-02-05 | 32.25x |
| 2026-02-04 | 33.52x |
| 2026-02-03 | 33.54x |
| 2026-02-02 | 35.85x |
| 2026-01-30 | 35.96x |
| 2026-01-29 | 37.08x |
| 2026-01-28 | 38.56x |
| 2026-01-27 | 38.54x |
| 2026-01-26 | 39.70x |
| 2026-01-23 | 39.30x |
| 2026-01-22 | 39.91x |
| 2026-01-21 | 38.88x |
| 2026-01-20 | 38.24x |
| 2026-01-16 | 39.34x |
| 2026-01-15 | 38.74x |
| 2026-01-14 | 38.72x |
| 2026-01-13 | 40.50x |
| 2026-01-12 | 41.37x |
| 2026-01-09 | 42.65x |
| 2026-01-08 | 42.84x |
| 2026-01-07 | 42.51x |
| 2026-01-06 | 42.23x |
| 2026-01-05 | 39.18x |
| 2026-01-02 | 38.84x |
| 2025-12-31 | 39.53x |
| 2025-12-30 | 39.79x |
| 2025-12-29 | 39.86x |
| 2025-12-26 | 39.79x |
| 2025-12-24 | 39.51x |
| 2025-12-23 | 39.72x |
| 2025-12-22 | 39.55x |
| 2025-12-19 | 39.28x |
| 2025-12-18 | 38.58x |
| 2025-12-17 | 38.09x |
| 2025-12-16 | 38.80x |
| 2025-12-15 | 38.95x |
| 2025-12-12 | 39.53x |
| 2025-12-11 | 40.69x |
| 2025-12-10 | 40.63x |
| 2025-12-09 | 41.15x |
| 2025-12-08 | 42.45x |
| 2025-12-05 | 43.00x |
| 2025-12-04 | 43.05x |
| 2025-12-03 | 42.87x |
| 2025-12-02 | 42.65x |
| 2025-12-01 | 42.70x |
| 2025-11-28 | 42.68x |
| 2025-11-26 | 42.75x |
| 2025-11-25 | 42.62x |
| 2025-11-24 | 41.84x |
| 2025-11-21 | 46.45x |
| 2025-11-20 | 51.72x |
| 2025-11-19 | 52.21x |
| 2025-11-18 | 52.36x |
| 2025-11-17 | 53.01x |
| 2025-11-14 | 56.27x |
| 2025-11-13 | 55.94x |
| 2025-11-12 | 56.99x |
| 2025-11-11 | 57.42x |
| 2025-11-10 | 56.75x |
| 2025-11-07 | 56.57x |
| 2025-11-06 | 55.84x |
| 2025-11-05 | 56.65x |
| 2025-11-04 | 56.30x |
| 2025-11-03 | 56.15x |
| 2025-10-31 | 55.84x |
| 2025-10-30 | 54.61x |
| 2025-10-29 | 54.94x |
| 2025-10-28 | 55.87x |
| 2025-10-27 | 56.74x |
| 2025-10-24 | 56.21x |
| 2025-10-23 | 55.90x |
| 2025-10-22 | 55.59x |
| 2025-10-21 | 55.57x |
| 2025-10-20 | 54.79x |
| 2025-10-17 | 54.35x |
| 2025-10-16 | 56.15x |
| 2025-10-15 | 55.08x |
| 2025-10-14 | 55.13x |
| 2025-10-13 | 54.82x |
| 2025-10-10 | 54.92x |
| 2025-10-09 | 57.29x |
| 2025-10-08 | 57.96x |
| 2025-10-07 | 58.84x |
| 2025-10-06 | 57.55x |
| 2025-10-03 | 56.86x |
| 2025-10-02 | 57.75x |
| 2025-10-01 | 56.25x |
| 2025-09-30 | 57.18x |
| 2025-09-29 | 56.20x |
| 2025-09-26 | 55.66x |
| 2025-09-25 | 53.60x |
| 2025-09-24 | 53.20x |
| 2025-09-23 | 53.38x |
| 2025-09-22 | 53.83x |
| 2025-09-19 | 53.17x |
| 2025-09-18 | 53.43x |
| 2025-09-17 | 52.53x |
| 2025-09-16 | 52.39x |
| 2025-09-15 | 52.87x |
| 2025-09-12 | 52.90x |
| 2025-09-11 | 53.50x |
| 2025-09-10 | 52.53x |
| 2025-09-09 | 54.14x |
| 2025-09-08 | 54.16x |
| 2025-09-05 | 52.20x |
| 2025-09-04 | 51.63x |
| 2025-09-03 | 51.81x |
| 2025-09-02 | 51.61x |
| 2025-08-29 | 52.87x |
| 2025-08-28 | 53.51x |
| 2025-08-27 | 57.87x |
Showing the most recent 260 of 3,243 data points. The chart above shows the full history.
