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 20.45x is 41% below its estimated 5-year average of 34.77x, near the low end of its estimated 5-year range (9.86x–123.93x).
As of 2026-09-22T22:25:23.019Z. 52.47% below its estimated 12-month average of 43.02x.
Calculation as of: 2026-09-22T22:25:23.019Z.
Quote observation: 2026-09-22T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 33bfee72cb840137ce958392a72e529e8c263bd6d87e7112051edada42d2ba57
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 2026-09-11.
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
20.45x
EV/EBITDA RATIO AVG TTM
43.02x
EV/EBITDA RATIO AVG 3Y
37.79x
EV/EBITDA RATIO AVG 5Y
34.77x
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
-52.47%
CURRENT VS 3Y AVG
-45.89%
CURRENT VS 5Y AVG
-41.18%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
26.04x
median of 157 covered companies
CURRENT VS SECTOR MEDIAN
-21.47%
vs the sector median at left
AppLovin Corporation
Market Cap
$110.43B
EV/EBITDA Ratio
20.45x
TTM Avg
43.02x
3Y Avg
37.79x
5Y Avg
34.77x
Market Cap
$107.78B
EV/EBITDA Ratio
23.82x
TTM Avg
21.56x
3Y Avg
20.93x
5Y Avg
21.52x
Market Cap
$99.39B
EV/EBITDA Ratio
23.17x
TTM Avg
16.27x
3Y Avg
10.79x
5Y Avg
8.77x
Market Cap
$127.86B
EV/EBITDA Ratio
46.55x
TTM Avg
33.42x
3Y Avg
35.59x
5Y Avg
44.62x
Market Cap
$88.09B
EV/EBITDA Ratio
1058.15x
TTM Avg
3014.76x
3Y Avg
1810.76x
5Y Avg
2259.81x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AppLovin Corporation (APP) | $110.43B | 20.45x | 43.02x | 37.79x | 34.77x |
| Accenture plc (ACN)vs › | $112.43B | 8.76x | 10.64x | 16.33x | 17.56x |
| Automatic Data Processing, Inc. (ADP)vs › | $107.78B | 23.82x | 21.56x | 20.93x | 21.52x |
| Snowflake Inc. (SNOW)vs › | $116.66B | N/A | N/A | N/A | N/A |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $99.39B | 23.17x | 16.27x | 10.79x | 8.77x |
| Cloudflare, Inc. (NET)vs › | $125.27B | N/A | N/A | N/A | N/A |
| Adobe Inc. (ADBE)vs › | $94.70B | 9.04x | 12.59x | 23.45x | 26.42x |
| Fortinet, Inc. (FTNT)vs › | $127.86B | 46.55x | 33.42x | 35.59x | 44.62x |
| Datadog, Inc. (DDOG)vs › | $88.09B | 1058.15x | 3014.76x | 1810.76x | 2259.81x |
| Cadence Design Systems, Inc. (CDNS)vs › | $83.43B | 39.74x | 47.25x | 52.73x | 49.84x |
At 20.4, EV/EBITDA is below its estimated 5-year median — higher than 22% of readings in its estimated 5-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 5-year low
9.9
median
32.5
estimated 5-year high
123.9
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 |
|---|---|
| 2026-09-11 | 20.27x |
| 2026-09-10 | 19.68x |
| 2026-09-09 | 19.09x |
| 2026-09-08 | 19.53x |
| 2026-09-04 | 20.06x |
| 2026-09-03 | 19.62x |
| 2026-09-02 | 19.97x |
| 2026-09-01 | 19.51x |
| 2026-08-31 | 19.53x |
| 2026-08-28 | 19.88x |
| 2026-08-27 | 19.56x |
| 2026-08-26 | 19.28x |
| 2026-08-25 | 19.43x |
| 2026-08-24 | 18.69x |
| 2026-08-21 | 19.14x |
| 2026-08-20 | 19.32x |
| 2026-08-19 | 19.45x |
| 2026-08-18 | 19.23x |
| 2026-08-17 | 19.52x |
| 2026-08-14 | 19.74x |
| 2026-08-13 | 19.57x |
| 2026-08-12 | 19.01x |
| 2026-08-11 | 19.94x |
| 2026-08-10 | 21.21x |
| 2026-08-07 | 21.69x |
| 2026-08-06 | 21.00x |
| 2026-08-05 | 29.03x |
| 2026-08-04 | 29.16x |
| 2026-08-03 | 28.23x |
| 2026-07-31 | 27.52x |
| 2026-07-30 | 28.07x |
| 2026-07-29 | 27.77x |
| 2026-07-28 | 29.06x |
| 2026-07-27 | 28.68x |
| 2026-07-24 | 27.25x |
| 2026-07-23 | 27.72x |
| 2026-07-22 | 28.67x |
| 2026-07-21 | 29.79x |
| 2026-07-20 | 29.50x |
| 2026-07-17 | 29.50x |
| 2026-07-16 | 30.19x |
| 2026-07-15 | 31.45x |
| 2026-07-14 | 31.19x |
| 2026-07-13 | 30.77x |
| 2026-07-10 | 35.20x |
| 2026-07-09 | 36.13x |
| 2026-07-08 | 36.25x |
| 2026-07-07 | 36.65x |
| 2026-07-06 | 37.74x |
| 2026-07-02 | 36.59x |
| 2026-07-01 | 39.18x |
| 2026-06-30 | 35.77x |
| 2026-06-29 | 34.63x |
| 2026-06-26 | 33.13x |
| 2026-06-25 | 30.98x |
| 2026-06-24 | 32.29x |
| 2026-06-23 | 32.44x |
| 2026-06-22 | 32.60x |
| 2026-06-18 | 32.62x |
| 2026-06-17 | 33.30x |
| 2026-06-16 | 35.77x |
| 2026-06-15 | 36.16x |
| 2026-06-12 | 34.49x |
| 2026-06-11 | 33.23x |
| 2026-06-10 | 34.23x |
| 2026-06-09 | 36.16x |
| 2026-06-08 | 39.12x |
| 2026-06-05 | 38.67x |
| 2026-06-04 | 38.78x |
| 2026-06-03 | 39.61x |
| 2026-06-02 | 42.02x |
| 2026-06-01 | 42.57x |
| 2026-05-29 | 42.53x |
| 2026-05-28 | 41.62x |
| 2026-05-27 | 39.40x |
| 2026-05-26 | 35.70x |
| 2026-05-22 | 33.45x |
| 2026-05-21 | 33.74x |
| 2026-05-20 | 33.49x |
| 2026-05-19 | 33.12x |
| 2026-05-18 | 34.19x |
| 2026-05-15 | 34.78x |
| 2026-05-14 | 33.69x |
| 2026-05-13 | 31.50x |
| 2026-05-12 | 34.07x |
| 2026-05-11 | 33.22x |
| 2026-05-08 | 32.54x |
| 2026-05-07 | 34.64x |
| 2026-05-06 | 36.90x |
| 2026-05-05 | 37.63x |
| 2026-05-04 | 37.39x |
| 2026-05-01 | 36.21x |
| 2026-04-30 | 35.15x |
| 2026-04-29 | 34.92x |
| 2026-04-28 | 35.36x |
| 2026-04-27 | 36.24x |
| 2026-04-24 | 35.30x |
| 2026-04-23 | 35.76x |
| 2026-04-22 | 38.07x |
| 2026-04-21 | 37.24x |
| 2026-04-20 | 38.63x |
| 2026-04-17 | 37.56x |
| 2026-04-16 | 36.69x |
| 2026-04-15 | 36.58x |
| 2026-04-14 | 34.14x |
| 2026-04-13 | 32.89x |
| 2026-04-10 | 30.85x |
| 2026-04-09 | 29.89x |
| 2026-04-08 | 30.83x |
| 2026-04-07 | 32.34x |
| 2026-04-06 | 32.51x |
| 2026-04-02 | 30.46x |
| 2026-04-01 | 30.57x |
| 2026-03-31 | 31.37x |
| 2026-03-30 | 29.34x |
| 2026-03-27 | 30.05x |
| 2026-03-26 | 30.83x |
| 2026-03-25 | 34.39x |
| 2026-03-24 | 34.33x |
| 2026-03-23 | 36.13x |
| 2026-03-20 | 34.84x |
| 2026-03-19 | 34.64x |
| 2026-03-18 | 34.85x |
| 2026-03-17 | 36.14x |
| 2026-03-16 | 35.69x |
| 2026-03-13 | 36.11x |
| 2026-03-12 | 35.38x |
| 2026-03-11 | 36.33x |
| 2026-03-10 | 37.57x |
| 2026-03-09 | 40.69x |
| 2026-03-06 | 39.51x |
| 2026-03-05 | 40.01x |
| 2026-03-04 | 38.00x |
| 2026-03-03 | 34.56x |
| 2026-03-02 | 34.10x |
| 2026-02-27 | 34.24x |
| 2026-02-26 | 35.04x |
| 2026-02-25 | 33.21x |
| 2026-02-24 | 30.99x |
| 2026-02-23 | 30.01x |
| 2026-02-20 | 32.98x |
| 2026-02-19 | 37.71x |
| 2026-02-18 | 37.02x |
| 2026-02-17 | 34.49x |
| 2026-02-13 | 35.77x |
| 2026-02-12 | 33.63x |
| 2026-02-11 | 41.75x |
| 2026-02-10 | 43.21x |
| 2026-02-09 | 42.08x |
| 2026-02-06 | 37.23x |
| 2026-02-05 | 34.39x |
| 2026-02-04 | 35.48x |
| 2026-02-03 | 42.20x |
| 2026-02-02 | 44.12x |
| 2026-01-30 | 43.23x |
| 2026-01-29 | 51.91x |
| 2026-01-28 | 49.48x |
| 2026-01-27 | 49.59x |
| 2026-01-26 | 48.86x |
| 2026-01-23 | 47.86x |
| 2026-01-22 | 47.64x |
| 2026-01-21 | 48.60x |
| 2026-01-20 | 51.58x |
| 2026-01-16 | 51.87x |
| 2026-01-15 | 55.32x |
| 2026-01-14 | 56.29x |
| 2026-01-13 | 60.89x |
| 2026-01-12 | 59.99x |
| 2026-01-09 | 59.00x |
| 2026-01-08 | 56.18x |
| 2026-01-07 | 57.66x |
| 2026-01-06 | 56.25x |
| 2026-01-05 | 57.66x |
| 2026-01-02 | 56.35x |
| 2025-12-31 | 61.36x |
| 2025-12-30 | 63.16x |
| 2025-12-29 | 63.62x |
| 2025-12-26 | 65.01x |
| 2025-12-24 | 66.21x |
| 2025-12-23 | 66.29x |
| 2025-12-22 | 66.76x |
| 2025-12-19 | 65.65x |
| 2025-12-18 | 63.22x |
| 2025-12-17 | 59.85x |
| 2025-12-16 | 61.67x |
| 2025-12-15 | 61.48x |
| 2025-12-12 | 61.07x |
| 2025-12-11 | 65.26x |
| 2025-12-10 | 64.02x |
| 2025-12-09 | 65.95x |
| 2025-12-08 | 62.80x |
| 2025-12-05 | 63.00x |
| 2025-12-04 | 62.26x |
| 2025-12-03 | 60.31x |
| 2025-12-02 | 59.48x |
| 2025-12-01 | 56.82x |
| 2025-11-28 | 54.64x |
| 2025-11-26 | 53.46x |
| 2025-11-25 | 50.72x |
| 2025-11-24 | 51.06x |
| 2025-11-21 | 47.49x |
| 2025-11-20 | 47.54x |
| 2025-11-19 | 48.37x |
| 2025-11-18 | 48.01x |
| 2025-11-17 | 49.20x |
| 2025-11-14 | 50.87x |
| 2025-11-13 | 50.73x |
| 2025-11-12 | 53.32x |
| 2025-11-11 | 54.23x |
| 2025-11-10 | 59.33x |
| 2025-11-07 | 56.49x |
| 2025-11-06 | 56.62x |
| 2025-11-05 | 64.80x |
| 2025-11-04 | 63.93x |
| 2025-11-03 | 66.37x |
| 2025-10-31 | 66.91x |
| 2025-10-30 | 65.17x |
| 2025-10-29 | 66.27x |
| 2025-10-28 | 65.81x |
| 2025-10-27 | 67.50x |
| 2025-10-24 | 65.10x |
| 2025-10-23 | 61.96x |
| 2025-10-22 | 59.37x |
| 2025-10-21 | 58.11x |
| 2025-10-20 | 59.49x |
| 2025-10-17 | 62.96x |
| 2025-10-16 | 63.62x |
| 2025-10-15 | 63.27x |
| 2025-10-14 | 61.99x |
| 2025-10-13 | 62.00x |
| 2025-10-10 | 59.90x |
| 2025-10-09 | 63.06x |
| 2025-10-08 | 66.11x |
| 2025-10-07 | 66.34x |
| 2025-10-06 | 61.68x |
| 2025-10-03 | 71.62x |
| 2025-10-02 | 71.72x |
| 2025-10-01 | 73.84x |
| 2025-09-30 | 75.34x |
| 2025-09-29 | 74.70x |
| 2025-09-26 | 70.28x |
| 2025-09-25 | 67.17x |
| 2025-09-24 | 67.38x |
| 2025-09-23 | 68.34x |
| 2025-09-22 | 67.55x |
| 2025-09-19 | 68.18x |
| 2025-09-18 | 65.26x |
| 2025-09-17 | 63.72x |
| 2025-09-16 | 63.42x |
| 2025-09-15 | 62.31x |
| 2025-09-12 | 61.16x |
| 2025-09-11 | 60.05x |
| 2025-09-10 | 59.61x |
| 2025-09-09 | 58.68x |
| 2025-09-08 | 57.53x |
| 2025-09-05 | 51.63x |
| 2025-09-04 | 52.64x |
| 2025-09-03 | 51.33x |
| 2025-09-02 | 50.74x |
| 2025-08-29 | 50.42x |
Showing the most recent 260 of 1,337 data points. The chart above shows the full history.
