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 23.75x is in line with its estimated 5-year average of 24.09x, around the middle of its estimated 5-year range (18.69x–31.02x).
As of 2026-09-15T21:30:56.540Z. 0.42% below its estimated 12-month average of 23.85x.
Calculation as of: 2026-09-15T21:30:56.540Z.
Quote observation: 2026-09-15T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 90b240d258053120fb3bd55f96e59968eea722ff2d2412a072856133c557a357
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
23.75x
EV/EBITDA RATIO AVG TTM
23.85x
EV/EBITDA RATIO AVG 3Y
24.84x
EV/EBITDA RATIO AVG 5Y
24.09x
EV/EBITDA RATIO AVG 10Y
20.28x
EV/EBITDA RATIO AVG 15Y
18.21x
EV/EBITDA RATIO AVG 20Y
17.35x
CURRENT VS TTM AVG
-0.42%
CURRENT VS 3Y AVG
-4.38%
CURRENT VS 5Y AVG
-1.42%
CURRENT VS 10Y AVG
+17.11%
CURRENT VS 15Y AVG
+30.43%
CURRENT VS 20Y AVG
+36.93%
SECTOR MEDIAN · TECHNOLOGY
24.68x
median of 157 covered companies
CURRENT VS SECTOR MEDIAN
-3.77%
vs the sector median at left
Motorola Solutions, Inc.
Market Cap
$77.88B
EV/EBITDA Ratio
23.75x
TTM Avg
23.85x
3Y Avg
24.84x
5Y Avg
24.09x
Market Cap
$75.45B
EV/EBITDA Ratio
35.98x
TTM Avg
47.25x
3Y Avg
52.73x
5Y Avg
49.84x
Market Cap
$81.62B
EV/EBITDA Ratio
19.28x
TTM Avg
16.27x
3Y Avg
10.79x
5Y Avg
8.77x
Market Cap
$74.01B
EV/EBITDA Ratio
13.77x
TTM Avg
12.93x
3Y Avg
8.79x
5Y Avg
7.92x
Market Cap
$81.97B
EV/EBITDA Ratio
985.28x
TTM Avg
3014.76x
3Y Avg
1810.76x
5Y Avg
2259.81x
Market Cap
$65.27B
EV/EBITDA Ratio
90.36x
TTM Avg
205.91x
3Y Avg
171.35x
5Y Avg
82.10x
Market Cap
$58.44B
EV/EBITDA Ratio
13.49x
TTM Avg
16.52x
3Y Avg
14.44x
5Y Avg
13.93x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Motorola Solutions, Inc. (MSI) | $77.88B | 23.75x | 23.85x | 24.84x | 24.09x |
| Cadence Design Systems, Inc. (CDNS)vs › | $75.45B | 35.98x | 47.25x | 52.73x | 49.84x |
| ASE Technology Holding Co., Ltd. (ASX)vs › | $81.62B | 19.28x | 16.27x | 10.79x | 8.77x |
| Hewlett Packard Enterprise Company (HPE)vs › | $74.01B | 13.77x | 12.93x | 8.79x | 7.92x |
| Datadog, Inc. (DDOG)vs › | $81.97B | 985.28x | 3014.76x | 1810.76x | 2259.81x |
| Synopsys, Inc. (SNPS)vs › | $70.41B | 30.73x | 51.14x | 51.05x | 48.58x |
| Intuit Inc. (INTU)vs › | $90.07B | 13.92x | 22.27x | 34.55x | 37.18x |
| Lumentum Holdings Inc. (LITE)vs › | $65.27B | 90.36x | 205.91x | 171.35x | 82.10x |
| TE Connectivity plc (TEL)vs › | $58.44B | 13.49x | 16.52x | 14.44x | 13.93x |
| NXP Semiconductors N.V. (NXPI)vs › | $57.08B | 14.23x | 16.89x | 15.20x | 14.54x |
At 23.8, EV/EBITDA is above its estimated 20-year median — higher than 79% of readings in its estimated 20-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 20-year low
4.7
median
15.9
estimated 20-year high
74.2
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 | 23.77x |
| 2026-09-10 | 23.66x |
| 2026-09-09 | 23.48x |
| 2026-09-08 | 23.62x |
| 2026-09-04 | 23.86x |
| 2026-09-03 | 24.05x |
| 2026-09-02 | 24.35x |
| 2026-09-01 | 24.92x |
| 2026-08-31 | 24.64x |
| 2026-08-28 | 24.68x |
| 2026-08-27 | 24.70x |
| 2026-08-26 | 24.74x |
| 2026-08-25 | 24.65x |
| 2026-08-24 | 24.47x |
| 2026-08-21 | 24.42x |
| 2026-08-20 | 24.11x |
| 2026-08-19 | 24.44x |
| 2026-08-18 | 23.92x |
| 2026-08-17 | 23.35x |
| 2026-08-14 | 23.78x |
| 2026-08-13 | 23.72x |
| 2026-08-12 | 23.93x |
| 2026-08-11 | 23.80x |
| 2026-08-10 | 23.58x |
| 2026-08-07 | 23.83x |
| 2026-08-06 | 24.13x |
| 2026-08-05 | 23.69x |
| 2026-08-04 | 23.91x |
| 2026-08-03 | 23.64x |
| 2026-07-31 | 23.57x |
| 2026-07-30 | 23.33x |
| 2026-07-29 | 23.50x |
| 2026-07-28 | 23.79x |
| 2026-07-27 | 22.99x |
| 2026-07-24 | 22.70x |
| 2026-07-23 | 22.18x |
| 2026-07-22 | 22.05x |
| 2026-07-21 | 22.15x |
| 2026-07-20 | 22.35x |
| 2026-07-17 | 22.49x |
| 2026-07-16 | 22.53x |
| 2026-07-15 | 22.19x |
| 2026-07-14 | 22.51x |
| 2026-07-13 | 22.72x |
| 2026-07-10 | 22.95x |
| 2026-07-09 | 22.67x |
| 2026-07-08 | 22.84x |
| 2026-07-07 | 23.01x |
| 2026-07-06 | 22.95x |
| 2026-07-02 | 22.94x |
| 2026-07-01 | 22.76x |
| 2026-06-30 | 22.58x |
| 2026-06-29 | 22.45x |
| 2026-06-26 | 21.98x |
| 2026-06-25 | 21.70x |
| 2026-06-24 | 21.87x |
| 2026-06-23 | 21.33x |
| 2026-06-22 | 21.47x |
| 2026-06-18 | 21.61x |
| 2026-06-17 | 21.88x |
| 2026-06-16 | 22.08x |
| 2026-06-15 | 22.41x |
| 2026-06-12 | 22.43x |
| 2026-06-11 | 22.34x |
| 2026-06-10 | 22.41x |
| 2026-06-09 | 22.52x |
| 2026-06-08 | 22.17x |
| 2026-06-05 | 22.34x |
| 2026-06-04 | 22.36x |
| 2026-06-03 | 22.25x |
| 2026-06-02 | 22.59x |
| 2026-06-01 | 22.40x |
| 2026-05-29 | 22.00x |
| 2026-05-28 | 22.40x |
| 2026-05-27 | 22.26x |
| 2026-05-26 | 22.35x |
| 2026-05-22 | 22.04x |
| 2026-05-21 | 21.85x |
| 2026-05-20 | 21.65x |
| 2026-05-19 | 21.78x |
| 2026-05-18 | 22.34x |
| 2026-05-15 | 21.52x |
| 2026-05-14 | 21.81x |
| 2026-05-13 | 21.74x |
| 2026-05-12 | 21.43x |
| 2026-05-11 | 21.46x |
| 2026-05-08 | 21.07x |
| 2026-05-07 | 24.05x |
| 2026-05-06 | 24.07x |
| 2026-05-05 | 24.28x |
| 2026-05-04 | 24.26x |
| 2026-05-01 | 24.18x |
| 2026-04-30 | 24.34x |
| 2026-04-29 | 23.85x |
| 2026-04-28 | 24.12x |
| 2026-04-27 | 23.97x |
| 2026-04-24 | 24.30x |
| 2026-04-23 | 24.54x |
| 2026-04-22 | 24.47x |
| 2026-04-21 | 24.66x |
| 2026-04-20 | 24.73x |
| 2026-04-17 | 24.48x |
| 2026-04-16 | 24.61x |
| 2026-04-15 | 24.39x |
| 2026-04-14 | 24.39x |
| 2026-04-13 | 24.38x |
| 2026-04-10 | 24.07x |
| 2026-04-09 | 24.51x |
| 2026-04-08 | 24.77x |
| 2026-04-07 | 24.51x |
| 2026-04-06 | 24.45x |
| 2026-04-02 | 24.33x |
| 2026-04-01 | 24.09x |
| 2026-03-31 | 24.08x |
| 2026-03-30 | 23.73x |
| 2026-03-27 | 24.30x |
| 2026-03-26 | 24.88x |
| 2026-03-25 | 24.93x |
| 2026-03-24 | 25.12x |
| 2026-03-23 | 25.21x |
| 2026-03-20 | 25.00x |
| 2026-03-19 | 25.34x |
| 2026-03-18 | 25.74x |
| 2026-03-17 | 25.83x |
| 2026-03-16 | 25.91x |
| 2026-03-13 | 26.03x |
| 2026-03-12 | 25.51x |
| 2026-03-11 | 25.50x |
| 2026-03-10 | 25.58x |
| 2026-03-09 | 25.28x |
| 2026-03-06 | 25.41x |
| 2026-03-05 | 25.73x |
| 2026-03-04 | 26.28x |
| 2026-03-03 | 26.38x |
| 2026-03-02 | 26.67x |
| 2026-02-27 | 26.48x |
| 2026-02-26 | 25.97x |
| 2026-02-25 | 25.94x |
| 2026-02-24 | 25.92x |
| 2026-02-23 | 25.63x |
| 2026-02-20 | 25.51x |
| 2026-02-19 | 25.06x |
| 2026-02-18 | 24.96x |
| 2026-02-17 | 25.27x |
| 2026-02-13 | 25.46x |
| 2026-02-12 | 26.35x |
| 2026-02-11 | 24.67x |
| 2026-02-10 | 24.60x |
| 2026-02-09 | 24.75x |
| 2026-02-06 | 24.73x |
| 2026-02-05 | 24.47x |
| 2026-02-04 | 24.42x |
| 2026-02-03 | 24.07x |
| 2026-02-02 | 23.77x |
| 2026-01-30 | 23.71x |
| 2026-01-29 | 23.74x |
| 2026-01-28 | 23.84x |
| 2026-01-27 | 23.89x |
| 2026-01-26 | 23.63x |
| 2026-01-23 | 23.66x |
| 2026-01-22 | 23.44x |
| 2026-01-21 | 23.31x |
| 2026-01-20 | 23.11x |
| 2026-01-16 | 23.61x |
| 2026-01-15 | 23.29x |
| 2026-01-14 | 23.02x |
| 2026-01-13 | 23.11x |
| 2026-01-12 | 22.83x |
| 2026-01-09 | 22.70x |
| 2026-01-08 | 22.63x |
| 2026-01-07 | 22.40x |
| 2026-01-06 | 22.59x |
| 2026-01-05 | 22.67x |
| 2026-01-02 | 22.59x |
| 2025-12-31 | 22.71x |
| 2025-12-30 | 22.74x |
| 2025-12-29 | 22.39x |
| 2025-12-26 | 22.38x |
| 2025-12-24 | 22.35x |
| 2025-12-23 | 22.45x |
| 2025-12-22 | 22.16x |
| 2025-12-19 | 22.01x |
| 2025-12-18 | 22.21x |
| 2025-12-17 | 22.25x |
| 2025-12-16 | 21.69x |
| 2025-12-15 | 21.75x |
| 2025-12-12 | 21.74x |
| 2025-12-11 | 21.91x |
| 2025-12-10 | 22.05x |
| 2025-12-09 | 22.08x |
| 2025-12-08 | 22.09x |
| 2025-12-05 | 22.24x |
| 2025-12-04 | 22.09x |
| 2025-12-03 | 22.31x |
| 2025-12-02 | 22.41x |
| 2025-12-01 | 22.19x |
| 2025-11-28 | 22.00x |
| 2025-11-26 | 21.99x |
| 2025-11-25 | 21.99x |
| 2025-11-24 | 21.93x |
| 2025-11-21 | 21.96x |
| 2025-11-20 | 21.86x |
| 2025-11-19 | 22.09x |
| 2025-11-18 | 22.14x |
| 2025-11-17 | 22.42x |
| 2025-11-14 | 22.53x |
| 2025-11-13 | 22.71x |
| 2025-11-12 | 23.16x |
| 2025-11-11 | 23.16x |
| 2025-11-10 | 23.26x |
| 2025-11-07 | 23.09x |
| 2025-11-06 | 23.01x |
| 2025-11-05 | 23.29x |
| 2025-11-04 | 23.28x |
| 2025-11-03 | 23.13x |
| 2025-10-31 | 23.92x |
| 2025-10-30 | 24.89x |
| 2025-10-29 | 24.90x |
| 2025-10-28 | 25.33x |
| 2025-10-27 | 25.53x |
| 2025-10-24 | 25.26x |
| 2025-10-23 | 25.58x |
| 2025-10-22 | 25.69x |
| 2025-10-21 | 25.75x |
| 2025-10-20 | 25.77x |
| 2025-10-17 | 25.59x |
| 2025-10-16 | 25.17x |
| 2025-10-15 | 25.26x |
| 2025-10-14 | 26.43x |
| 2025-10-13 | 26.19x |
| 2025-10-10 | 26.20x |
| 2025-10-09 | 26.27x |
| 2025-10-08 | 26.52x |
| 2025-10-07 | 26.31x |
| 2025-10-06 | 26.24x |
| 2025-10-03 | 26.01x |
| 2025-10-02 | 25.75x |
| 2025-10-01 | 26.23x |
| 2025-09-30 | 26.25x |
| 2025-09-29 | 26.08x |
| 2025-09-26 | 26.21x |
| 2025-09-25 | 26.16x |
| 2025-09-24 | 26.13x |
| 2025-09-23 | 26.97x |
| 2025-09-22 | 27.01x |
| 2025-09-19 | 27.27x |
| 2025-09-18 | 27.18x |
| 2025-09-17 | 27.36x |
| 2025-09-16 | 27.30x |
| 2025-09-15 | 27.60x |
| 2025-09-12 | 27.56x |
| 2025-09-11 | 28.03x |
| 2025-09-10 | 27.56x |
| 2025-09-09 | 27.36x |
| 2025-09-08 | 27.38x |
| 2025-09-05 | 27.42x |
| 2025-09-04 | 27.40x |
| 2025-09-03 | 27.16x |
| 2025-09-02 | 27.42x |
| 2025-08-29 | 27.07x |
Showing the most recent 260 of 4,532 data points. The chart above shows the full history.
