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 23.84x is 150% above its estimated 5-year average of 9.52x, near the high end of its estimated 5-year range (5.66x–29.29x).
As of 2026-09-26T00:15:40.753Z. 57.37% above its estimated 12-month average of 15.15x.
Calculation as of: 2026-09-26T00:15:40.753Z.
Quote observation: 2026-09-25T19:59:59.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 50c042e03efc6fa821035754013ca4fca21b5da4ee599d8cfe6a04df9a352d6b
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
23.84x
EV/EBITDA RATIO AVG TTM
15.15x
EV/EBITDA RATIO AVG 3Y
11.47x
EV/EBITDA RATIO AVG 5Y
9.52x
EV/EBITDA RATIO AVG 10Y
9.39x
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+57.37%
CURRENT VS 3Y AVG
+107.85%
CURRENT VS 5Y AVG
+150.49%
CURRENT VS 10Y AVG
+154.02%
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
25.42x
median of 157 covered companies
CURRENT VS SECTOR MEDIAN
-6.22%
vs the sector median at left
Dell Technologies Inc.
Market Cap
$373.91B
EV/EBITDA Ratio
23.84x
TTM Avg
15.15x
3Y Avg
11.47x
5Y Avg
9.52x
Market Cap
$385.07B
EV/EBITDA Ratio
38.81x
TTM Avg
33.28x
3Y Avg
23.01x
5Y Avg
19.37x
Market Cap
$394.19B
EV/EBITDA Ratio
45.45x
TTM Avg
40.19x
3Y Avg
28.28x
5Y Avg
22.24x
Market Cap
$394.85B
EV/EBITDA Ratio
15.08x
TTM Avg
26.42x
3Y Avg
24.28x
5Y Avg
22.21x
Market Cap
$331.42B
EV/EBITDA Ratio
284.47x
TTM Avg
187.11x
3Y Avg
274.69x
5Y Avg
274.69x
Market Cap
$420.55B
EV/EBITDA Ratio
24.73x
TTM Avg
21.16x
3Y Avg
16.35x
5Y Avg
14.99x
Market Cap
$435.50B
EV/EBITDA Ratio
162.88x
TTM Avg
370.63x
3Y Avg
458.51x
5Y Avg
458.51x
Market Cap
$305.41B
EV/EBITDA Ratio
N/A
TTM Avg
90.99x
3Y Avg
109.47x
5Y Avg
3211.20x
Market Cap
$263.27B
EV/EBITDA Ratio
20.65x
TTM Avg
65.28x
3Y Avg
65.28x
5Y Avg
65.28x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Dell Technologies Inc. (DELL) | $373.91B | 23.84x | 15.15x | 11.47x | 9.52x |
| Applied Materials, Inc. (AMAT)vs › | $385.07B | 38.81x | 33.28x | 23.01x | 19.37x |
| Lam Research Corporation (LRCX)vs › | $394.19B | 45.45x | 40.19x | 28.28x | 22.24x |
| Oracle Corporation (ORCL)vs › | $394.85B | 15.08x | 26.42x | 24.28x | 22.21x |
| Arm Holdings plc American Depositary Shares (ARM)vs › | $331.42B | 284.47x | 187.11x | 274.69x | 274.69x |
| Cisco Systems, Inc. (CSCO)vs › | $420.55B | 24.73x | 21.16x | 16.35x | 14.99x |
| Palantir Technologies Inc. (PLTR)vs › | $435.50B | 162.88x | 370.63x | 458.51x | 458.51x |
| Palo Alto Networks, Inc. (PANW)vs › | $305.41B | N/A | 90.99x | 109.47x | 3211.20x |
| Sandisk Corporation (SNDK)vs › | $263.27B | 20.65x | 65.28x | 65.28x | 65.28x |
| Arista Networks, Inc. (ANET)vs › | $260.08B | 55.29x | 48.24x | 42.44x | 38.71x |
At 23.8, EV/EBITDA is above its estimated 10-year median — higher than 92% 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
5.2
median
8.4
estimated 10-year high
32.7
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 |
|---|---|
| 2026-09-11 | 23.60x |
| 2026-09-10 | 21.23x |
| 2026-09-09 | 22.35x |
| 2026-09-08 | 26.82x |
| 2026-09-04 | 26.35x |
| 2026-09-03 | 25.98x |
| 2026-09-02 | 24.83x |
| 2026-09-01 | 21.64x |
| 2026-08-31 | 23.11x |
| 2026-08-28 | 23.12x |
| 2026-08-27 | 23.88x |
| 2026-08-26 | 23.48x |
| 2026-08-25 | 22.90x |
| 2026-08-24 | 22.03x |
| 2026-08-21 | 22.45x |
| 2026-08-20 | 22.10x |
| 2026-08-19 | 22.23x |
| 2026-08-18 | 23.71x |
| 2026-08-17 | 24.24x |
| 2026-08-14 | 24.77x |
| 2026-08-13 | 24.94x |
| 2026-08-12 | 24.47x |
| 2026-08-11 | 22.40x |
| 2026-08-10 | 23.20x |
| 2026-08-07 | 23.00x |
| 2026-08-06 | 22.24x |
| 2026-08-05 | 23.43x |
| 2026-08-04 | 23.65x |
| 2026-08-03 | 21.83x |
| 2026-07-31 | 20.70x |
| 2026-07-30 | 20.68x |
| 2026-07-29 | 19.00x |
| 2026-07-28 | 20.07x |
| 2026-07-27 | 21.73x |
| 2026-07-24 | 22.23x |
| 2026-07-23 | 22.32x |
| 2026-07-22 | 22.44x |
| 2026-07-21 | 20.64x |
| 2026-07-20 | 19.58x |
| 2026-07-17 | 20.27x |
| 2026-07-16 | 20.04x |
| 2026-07-15 | 21.05x |
| 2026-07-14 | 23.18x |
| 2026-07-13 | 21.74x |
| 2026-07-10 | 22.11x |
| 2026-07-09 | 22.84x |
| 2026-07-08 | 21.97x |
| 2026-07-07 | 21.27x |
| 2026-07-06 | 21.01x |
| 2026-07-02 | 20.18x |
| 2026-07-01 | 21.65x |
| 2026-06-30 | 21.94x |
| 2026-06-29 | 21.14x |
| 2026-06-26 | 20.42x |
| 2026-06-25 | 20.90x |
| 2026-06-24 | 22.07x |
| 2026-06-23 | 21.77x |
| 2026-06-22 | 21.34x |
| 2026-06-18 | 20.90x |
| 2026-06-17 | 21.37x |
| 2026-06-16 | 20.64x |
| 2026-06-15 | 20.88x |
| 2026-06-12 | 20.24x |
| 2026-06-11 | 20.04x |
| 2026-06-10 | 19.01x |
| 2026-06-09 | 24.31x |
| 2026-06-08 | 25.44x |
| 2026-06-05 | 25.06x |
| 2026-06-04 | 26.69x |
| 2026-06-03 | 26.64x |
| 2026-06-02 | 27.48x |
| 2026-06-01 | 29.29x |
| 2026-05-29 | 26.63x |
| 2026-05-28 | 20.49x |
| 2026-05-27 | 19.80x |
| 2026-05-26 | 19.78x |
| 2026-05-22 | 19.20x |
| 2026-05-21 | 16.69x |
| 2026-05-20 | 16.11x |
| 2026-05-19 | 15.66x |
| 2026-05-18 | 15.82x |
| 2026-05-15 | 16.06x |
| 2026-05-14 | 16.40x |
| 2026-05-13 | 16.17x |
| 2026-05-12 | 15.88x |
| 2026-05-11 | 16.35x |
| 2026-05-08 | 17.15x |
| 2026-05-07 | 15.36x |
| 2026-05-06 | 15.87x |
| 2026-05-05 | 14.54x |
| 2026-05-04 | 14.26x |
| 2026-05-01 | 14.18x |
| 2026-04-30 | 14.10x |
| 2026-04-29 | 13.91x |
| 2026-04-28 | 13.93x |
| 2026-04-27 | 14.52x |
| 2026-04-24 | 14.53x |
| 2026-04-23 | 14.29x |
| 2026-04-22 | 14.44x |
| 2026-04-21 | 14.31x |
| 2026-04-20 | 13.83x |
| 2026-04-17 | 13.37x |
| 2026-04-16 | 13.17x |
| 2026-04-15 | 12.23x |
| 2026-04-14 | 12.66x |
| 2026-04-13 | 12.97x |
| 2026-04-10 | 12.26x |
| 2026-04-09 | 12.48x |
| 2026-04-08 | 12.72x |
| 2026-04-07 | 12.26x |
| 2026-04-06 | 11.99x |
| 2026-04-02 | 12.06x |
| 2026-04-01 | 11.77x |
| 2026-03-31 | 11.46x |
| 2026-03-30 | 11.49x |
| 2026-03-27 | 11.91x |
| 2026-03-26 | 12.15x |
| 2026-03-25 | 12.63x |
| 2026-03-24 | 12.21x |
| 2026-03-23 | 11.48x |
| 2026-03-20 | 11.07x |
| 2026-03-19 | 11.02x |
| 2026-03-18 | 10.57x |
| 2026-03-17 | 10.80x |
| 2026-03-16 | 12.36x |
| 2026-03-13 | 12.04x |
| 2026-03-12 | 11.93x |
| 2026-03-11 | 11.76x |
| 2026-03-10 | 11.53x |
| 2026-03-09 | 11.71x |
| 2026-03-06 | 11.70x |
| 2026-03-05 | 11.70x |
| 2026-03-04 | 11.75x |
| 2026-03-03 | 11.62x |
| 2026-03-02 | 12.17x |
| 2026-02-27 | 11.81x |
| 2026-02-26 | 10.06x |
| 2026-02-25 | 10.19x |
| 2026-02-24 | 9.95x |
| 2026-02-23 | 9.91x |
| 2026-02-20 | 10.12x |
| 2026-02-19 | 9.90x |
| 2026-02-18 | 9.76x |
| 2026-02-17 | 9.71x |
| 2026-02-13 | 9.80x |
| 2026-02-12 | 9.50x |
| 2026-02-11 | 10.24x |
| 2026-02-10 | 10.36x |
| 2026-02-09 | 10.03x |
| 2026-02-06 | 10.04x |
| 2026-02-05 | 9.66x |
| 2026-02-04 | 10.10x |
| 2026-02-03 | 9.78x |
| 2026-02-02 | 9.91x |
| 2026-01-30 | 9.60x |
| 2026-01-29 | 9.87x |
| 2026-01-28 | 9.79x |
| 2026-01-27 | 9.62x |
| 2026-01-26 | 9.70x |
| 2026-01-23 | 9.67x |
| 2026-01-22 | 9.78x |
| 2026-01-21 | 9.52x |
| 2026-01-20 | 9.38x |
| 2026-01-16 | 10.00x |
| 2026-01-15 | 9.94x |
| 2026-01-14 | 9.88x |
| 2026-01-13 | 9.94x |
| 2026-01-12 | 10.00x |
| 2026-01-09 | 10.01x |
| 2026-01-08 | 9.87x |
| 2026-01-07 | 9.97x |
| 2026-01-06 | 10.22x |
| 2026-01-05 | 10.23x |
| 2026-01-02 | 10.48x |
| 2025-12-31 | 10.35x |
| 2025-12-30 | 10.49x |
| 2025-12-29 | 10.46x |
| 2025-12-26 | 10.57x |
| 2025-12-24 | 10.52x |
| 2025-12-23 | 10.47x |
| 2025-12-22 | 10.40x |
| 2025-12-19 | 10.39x |
| 2025-12-18 | 10.16x |
| 2025-12-17 | 10.48x |
| 2025-12-16 | 10.87x |
| 2025-12-15 | 10.66x |
| 2025-12-12 | 10.62x |
| 2025-12-11 | 11.19x |
| 2025-12-10 | 11.32x |
| 2025-12-09 | 11.98x |
| 2025-12-08 | 12.13x |
| 2025-12-05 | 12.03x |
| 2025-12-04 | 12.03x |
| 2025-12-03 | 11.65x |
| 2025-12-02 | 11.81x |
| 2025-12-01 | 11.54x |
| 2025-11-28 | 11.63x |
| 2025-11-26 | 11.62x |
| 2025-11-25 | 11.10x |
| 2025-11-24 | 11.19x |
| 2025-11-21 | 10.86x |
| 2025-11-20 | 10.50x |
| 2025-11-19 | 10.64x |
| 2025-11-18 | 10.87x |
| 2025-11-17 | 10.86x |
| 2025-11-14 | 11.66x |
| 2025-11-13 | 11.67x |
| 2025-11-12 | 12.15x |
| 2025-11-11 | 12.01x |
| 2025-11-10 | 12.29x |
| 2025-11-07 | 12.58x |
| 2025-11-06 | 12.76x |
| 2025-11-05 | 12.99x |
| 2025-11-04 | 13.14x |
| 2025-11-03 | 13.53x |
| 2025-10-31 | 13.67x |
| 2025-10-30 | 13.60x |
| 2025-10-29 | 13.78x |
| 2025-10-28 | 13.87x |
| 2025-10-27 | 13.68x |
| 2025-10-24 | 13.43x |
| 2025-10-23 | 13.11x |
| 2025-10-22 | 12.82x |
| 2025-10-21 | 12.77x |
| 2025-10-20 | 12.66x |
| 2025-10-17 | 12.78x |
| 2025-10-16 | 12.91x |
| 2025-10-15 | 13.08x |
| 2025-10-14 | 12.73x |
| 2025-10-13 | 13.06x |
| 2025-10-10 | 12.85x |
| 2025-10-09 | 13.24x |
| 2025-10-08 | 13.85x |
| 2025-10-07 | 12.88x |
| 2025-10-06 | 12.51x |
| 2025-10-03 | 12.16x |
| 2025-10-02 | 12.63x |
| 2025-10-01 | 12.79x |
| 2025-09-30 | 12.23x |
| 2025-09-29 | 11.67x |
| 2025-09-26 | 11.45x |
| 2025-09-25 | 11.46x |
| 2025-09-24 | 11.54x |
| 2025-09-23 | 11.70x |
| 2025-09-22 | 11.80x |
| 2025-09-19 | 11.53x |
| 2025-09-18 | 11.54x |
| 2025-09-17 | 11.42x |
| 2025-09-16 | 11.23x |
| 2025-09-15 | 11.16x |
| 2025-09-12 | 11.04x |
| 2025-09-11 | 11.06x |
| 2025-09-10 | 11.00x |
| 2025-09-09 | 10.77x |
| 2025-09-08 | 11.35x |
| 2025-09-05 | 11.49x |
| 2025-09-04 | 11.63x |
| 2025-09-03 | 11.43x |
| 2025-09-02 | 11.20x |
| 2025-08-29 | 11.29x |
Showing the most recent 260 of 2,531 data points. The chart above shows the full history.
