Netflix, Inc. (NFLX) EV/EBITDA Ratio: 10.49x
Is Netflix, Inc.’s EV/EBITDA ratio high or low?
Netflix, Inc.'s EV/EBITDA ratio of 10.49x is 15% below its 5-year average of 12.28x, around the middle of its 5-year range (4.44x–21.98x).
The EV/EBITDA ratio for Netflix, Inc. (NFLX) is 10.49x as of Wednesday, June 10, 2026. It is below its 12-month average by 33.03% (15.66x).
NFLX EV/EBITDA Ratio Chart
NFLX Average EV/EBITDA Ratio Chart
NFLX Current vs Average EV/EBITDA Ratio Chart
NFLX EV/EBITDA Ratio Metrics
EV/EBITDA RATIO
10.49x
EV/EBITDA RATIO AVG TTM
15.66x
EV/EBITDA RATIO AVG 3Y
14.00x
EV/EBITDA RATIO AVG 5Y
12.28x
EV/EBITDA RATIO AVG 10Y
13.72x
EV/EBITDA RATIO AVG 15Y
12.15x
EV/EBITDA RATIO AVG 20Y
11.31x
CURRENT VS TTM AVG
-33.03%
CURRENT VS 3Y AVG
-25.08%
CURRENT VS 5Y AVG
-14.59%
CURRENT VS 10Y AVG
-23.53%
CURRENT VS 15Y AVG
-13.64%
CURRENT VS 20Y AVG
-7.23%
NFLX Competitors' EV/EBITDA Ratio
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Netflix, Inc. (NFLX) | — | 10.49x | 15.66x | 14.00x | 12.28x |
| T-Mobile US, Inc. (TMUS) | $200.66B | 11.32x | 11.31x | 11.69x | 12.07x |
| Verizon Communications Inc. (VZ) | $195.94B | 7.92x | 7.28x | 7.54x | 7.60x |
| The Walt Disney Company (DIS) | $171.20B | 10.43x | 12.62x | 15.19x | 23.12x |
| AT&T Inc. (T) | $161.17B | 5.88x | 6.57x | 8.27x | 8.30x |
| Spotify Technology S.A. (SPOT) | $102.03B | 28.40x | 61.79x | 195.89x | 283.79x |
| Comcast Corporation (CMCSA) | $85.63B | 3.84x | 4.52x | 6.34x | 7.32x |
| Electronic Arts Inc. (EA) | $50.95B | 40.74x | 30.55x | 22.90x | 23.31x |
| Twitter, Inc. (delisted) (TWTR) | $41.09B | 72.25x | 113.74x | 76.22x | 65.02x |
| Reddit, Inc. (RDDT) | $33.69B | 52.04x | 200.13x | 220.29x | 220.29x |
EV/EBITDA vs. its own history
At 10.5, EV/EBITDA is in its normal range — richer than 48% of its 20-year range.
20-year low
2.7
median
10.9
20-year high
26.5
Understanding EV/EBITDA
Enterprise Value (EV) = Market Cap + Total Debt - Cash
EBITDA = Earnings Before Interest, Taxes, Depreciation & Amortization
EV/EBITDA is commonly used for comparing companies because:
- It accounts for debt levels (capital structure neutral)
- It removes effects of different depreciation policies
- It can be compared across countries with different tax rates
- It can remain available when net income is negative, if EBITDA is positive
Netflix, Inc. EV/EBITDA Ratio Formula & Definition
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
Netflix, Inc. EV/EBITDA Ratio FAQ
- What is the EV/EBITDA ratio for Netflix, Inc. (NFLX)?
- The EV/EBITDA ratio for NFLX stock is 10.49x.
- Is Netflix, Inc.'s EV/EBITDA ratio high or low?
- Netflix, Inc.'s EV/EBITDA ratio of 10.49x is 15% below its 5-year average of 12.28x, around the middle of its 5-year range (4.44x–21.98x).
- What is the TTM average EV/EBITDA ratio for Netflix, Inc. (NFLX)?
- The TTM average EV/EBITDA ratio for NFLX stock is 15.66x.
- What is the 3Y average EV/EBITDA ratio for Netflix, Inc. (NFLX)?
- The 3Y average EV/EBITDA ratio for NFLX stock is 14.00x.
- What is the 5Y average EV/EBITDA ratio for Netflix, Inc. (NFLX)?
- The 5Y average EV/EBITDA ratio for NFLX stock is 12.28x.
- What is the 10Y average EV/EBITDA ratio for Netflix, Inc. (NFLX)?
- The 10Y average EV/EBITDA ratio for NFLX stock is 13.72x.
- What is the 15Y average EV/EBITDA ratio for Netflix, Inc. (NFLX)?
- The 15Y average EV/EBITDA ratio for NFLX stock is 12.15x.
- What is the 20Y average EV/EBITDA ratio for Netflix, Inc. (NFLX)?
- The 20Y average EV/EBITDA ratio for NFLX stock is 11.31x.
Netflix, Inc. EV/EBITDA Ratio History
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-06-10 | 10.49x |
| 2026-06-09 | 10.42x |
| 2026-06-08 | 10.57x |
| 2026-06-05 | 10.52x |
| 2026-06-04 | 10.44x |
| 2026-06-03 | 10.43x |
| 2026-06-02 | 10.66x |
| 2026-06-01 | 10.98x |
| 2026-05-29 | 11.00x |
| 2026-05-28 | 11.04x |
| 2026-05-27 | 11.17x |
| 2026-05-26 | 11.21x |
| 2026-05-22 | 11.33x |
| 2026-05-21 | 11.41x |
| 2026-05-20 | 11.26x |
| 2026-05-19 | 11.42x |
| 2026-05-18 | 11.46x |
| 2026-05-15 | 11.13x |
| 2026-05-14 | 11.12x |
| 2026-05-13 | 11.19x |
| 2026-05-12 | 11.21x |
| 2026-05-11 | 10.93x |
| 2026-05-08 | 11.19x |
| 2026-05-07 | 11.28x |
| 2026-05-06 | 11.28x |
| 2026-05-05 | 11.24x |
| 2026-05-04 | 11.63x |
| 2026-05-01 | 11.76x |
| 2026-04-30 | 11.96x |
| 2026-04-29 | 11.77x |
| 2026-04-28 | 11.79x |
| 2026-04-27 | 11.67x |
| 2026-04-24 | 11.81x |
| 2026-04-23 | 11.86x |
| 2026-04-22 | 11.91x |
| 2026-04-21 | 11.83x |
| 2026-04-20 | 12.11x |
| 2026-04-17 | 12.42x |
| 2026-04-16 | 15.56x |
| 2026-04-15 | 15.55x |
| 2026-04-14 | 15.34x |
| 2026-04-13 | 14.90x |
| 2026-04-10 | 14.88x |
| 2026-04-09 | 14.74x |
| 2026-04-08 | 14.36x |
| 2026-04-07 | 14.28x |
| 2026-04-06 | 14.30x |
| 2026-04-02 | 14.26x |
| 2026-04-01 | 13.81x |
| 2026-03-31 | 13.90x |
| 2026-03-30 | 13.45x |
| 2026-03-27 | 13.51x |
| 2026-03-26 | 13.50x |
| 2026-03-25 | 13.35x |
| 2026-03-24 | 13.15x |
| 2026-03-23 | 13.50x |
| 2026-03-20 | 13.28x |
| 2026-03-19 | 13.27x |
| 2026-03-18 | 13.69x |
| 2026-03-17 | 13.64x |
| 2026-03-16 | 13.76x |
| 2026-03-13 | 13.78x |
| 2026-03-12 | 13.64x |
| 2026-03-11 | 13.72x |
| 2026-03-10 | 14.01x |
| 2026-03-09 | 14.21x |
| 2026-03-06 | 14.31x |
| 2026-03-05 | 14.33x |
| 2026-03-04 | 14.26x |
| 2026-03-03 | 14.12x |
| 2026-03-02 | 14.03x |
| 2026-02-27 | 13.91x |
| 2026-02-26 | 12.25x |
| 2026-02-25 | 11.98x |
| 2026-02-24 | 11.32x |
| 2026-02-23 | 11.03x |
| 2026-02-20 | 11.41x |
| 2026-02-19 | 11.17x |
| 2026-02-18 | 11.31x |
| 2026-02-17 | 11.17x |
| 2026-02-13 | 11.15x |
| 2026-02-12 | 11.00x |
| 2026-02-11 | 11.54x |
| 2026-02-10 | 11.91x |
| 2026-02-09 | 11.80x |
| 2026-02-06 | 11.91x |
| 2026-02-05 | 11.72x |
| 2026-02-04 | 11.62x |
| 2026-02-03 | 11.59x |
| 2026-02-02 | 11.99x |
| 2026-01-30 | 12.09x |
| 2026-01-29 | 12.05x |
| 2026-01-28 | 12.26x |
| 2026-01-27 | 12.39x |
| 2026-01-26 | 12.41x |
| 2026-01-23 | 12.47x |
| 2026-01-22 | 12.69x |
| 2026-01-21 | 12.97x |
| 2026-01-20 | 13.25x |
| 2026-01-16 | 13.36x |
| 2026-01-15 | 13.37x |
| 2026-01-14 | 13.45x |
| 2026-01-13 | 13.71x |
| 2026-01-12 | 13.57x |
| 2026-01-09 | 13.58x |
| 2026-01-08 | 13.74x |
| 2026-01-07 | 13.77x |
| 2026-01-06 | 13.76x |
| 2026-01-05 | 13.88x |
| 2026-01-02 | 13.81x |
| 2025-12-31 | 14.23x |
| 2025-12-30 | 14.23x |
| 2025-12-29 | 14.28x |
| 2025-12-26 | 14.33x |
| 2025-12-24 | 14.21x |
| 2025-12-23 | 14.19x |
| 2025-12-22 | 14.15x |
| 2025-12-19 | 14.32x |
| 2025-12-18 | 14.26x |
| 2025-12-17 | 14.38x |
| 2025-12-16 | 14.35x |
| 2025-12-15 | 14.23x |
| 2025-12-12 | 14.44x |
| 2025-12-11 | 14.28x |
| 2025-12-10 | 14.07x |
| 2025-12-09 | 14.67x |
| 2025-12-08 | 14.68x |
| 2025-12-05 | 15.20x |
| 2025-12-04 | 15.64x |
| 2025-12-03 | 15.75x |
| 2025-12-02 | 16.56x |
| 2025-12-01 | 16.53x |
| 2025-11-28 | 16.30x |
| 2025-11-26 | 16.08x |
| 2025-11-25 | 15.82x |
| 2025-11-24 | 16.21x |
| 2025-11-21 | 15.81x |
| 2025-11-20 | 16.01x |
| 2025-11-19 | 16.66x |
| 2025-11-18 | 17.27x |
| 2025-11-17 | 16.70x |
| 2025-11-14 | 16.84x |
| 2025-11-13 | 17.47x |
| 2025-11-12 | 17.52x |
| 2025-11-11 | 17.20x |
| 2025-11-10 | 16.96x |
| 2025-11-07 | 16.71x |
| 2025-11-06 | 16.61x |
| 2025-11-05 | 16.64x |
| 2025-11-04 | 16.55x |
| 2025-11-03 | 16.66x |
| 2025-10-31 | 16.94x |
| 2025-10-30 | 16.49x |
| 2025-10-29 | 16.67x |
| 2025-10-28 | 16.70x |
| 2025-10-27 | 16.58x |
| 2025-10-24 | 16.58x |
| 2025-10-23 | 16.86x |
| 2025-10-22 | 16.90x |
| 2025-10-21 | 19.31x |
| 2025-10-20 | 19.27x |
| 2025-10-17 | 18.66x |
| 2025-10-16 | 18.42x |
| 2025-10-15 | 18.72x |
| 2025-10-14 | 18.91x |
| 2025-10-13 | 18.96x |
| 2025-10-10 | 18.98x |
| 2025-10-09 | 19.15x |
| 2025-10-08 | 18.89x |
| 2025-10-07 | 18.53x |
| 2025-10-06 | 18.11x |
| 2025-10-03 | 17.95x |
| 2025-10-02 | 18.10x |
| 2025-10-01 | 18.22x |
| 2025-09-30 | 18.65x |
| 2025-09-29 | 18.77x |
| 2025-09-26 | 18.83x |
| 2025-09-25 | 18.80x |
| 2025-09-24 | 18.73x |
| 2025-09-23 | 18.96x |
| 2025-09-22 | 19.09x |
| 2025-09-19 | 19.09x |
| 2025-09-18 | 18.79x |
| 2025-09-17 | 19.11x |
| 2025-09-16 | 18.68x |
| 2025-09-15 | 18.71x |
| 2025-09-12 | 18.49x |
| 2025-09-11 | 18.73x |
| 2025-09-10 | 19.41x |
| 2025-09-09 | 19.64x |
| 2025-09-08 | 19.36x |
| 2025-09-05 | 19.35x |
| 2025-09-04 | 19.56x |
| 2025-09-03 | 19.07x |
| 2025-09-02 | 18.89x |
| 2025-08-29 | 18.80x |
| 2025-08-28 | 19.16x |
| 2025-08-27 | 19.03x |
| 2025-08-26 | 19.07x |
| 2025-08-25 | 18.95x |
| 2025-08-22 | 18.74x |
| 2025-08-21 | 18.77x |
| 2025-08-20 | 18.89x |
| 2025-08-19 | 18.89x |
| 2025-08-18 | 19.37x |
| 2025-08-15 | 19.27x |
| 2025-08-14 | 19.14x |
| 2025-08-13 | 18.74x |
| 2025-08-12 | 19.06x |
| 2025-08-11 | 18.95x |
| 2025-08-08 | 18.85x |
| 2025-08-07 | 18.37x |
| 2025-08-06 | 18.34x |
| 2025-08-05 | 17.87x |
| 2025-08-04 | 18.23x |
| 2025-08-01 | 18.04x |
| 2025-07-31 | 18.05x |
| 2025-07-30 | 18.43x |
| 2025-07-29 | 18.19x |
| 2025-07-28 | 18.28x |
| 2025-07-25 | 18.37x |
| 2025-07-24 | 18.38x |
| 2025-07-23 | 18.32x |
| 2025-07-22 | 18.52x |
| 2025-07-21 | 19.18x |
| 2025-07-18 | 18.81x |
| 2025-07-17 | 20.93x |
| 2025-07-16 | 20.54x |
| 2025-07-15 | 20.70x |
| 2025-07-14 | 20.73x |
| 2025-07-11 | 20.46x |
| 2025-07-10 | 20.55x |
| 2025-07-09 | 21.16x |
| 2025-07-08 | 20.95x |
| 2025-07-07 | 21.18x |
| 2025-07-03 | 21.30x |
| 2025-07-02 | 21.10x |
| 2025-07-01 | 21.24x |
| 2025-06-30 | 21.98x |
| 2025-06-27 | 21.72x |
| 2025-06-26 | 21.45x |
| 2025-06-25 | 20.95x |
| 2025-06-24 | 21.01x |
| 2025-06-23 | 20.60x |
| 2025-06-20 | 20.24x |
| 2025-06-18 | 20.09x |
| 2025-06-17 | 20.07x |
| 2025-06-16 | 20.14x |
| 2025-06-13 | 19.93x |
| 2025-06-12 | 19.97x |
| 2025-06-11 | 20.05x |
| 2025-06-10 | 19.79x |
| 2025-06-09 | 20.13x |
| 2025-06-06 | 20.40x |
| 2025-06-05 | 20.55x |
| 2025-06-04 | 20.37x |
| 2025-06-03 | 20.02x |
| 2025-06-02 | 20.04x |
| 2025-05-30 | 19.85x |
| 2025-05-29 | 19.49x |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.
Related Metrics
About Netflix, Inc.
Netflix, Inc. serves as a worldwide entertainment provider. Its comprehensive library features television series, motion pictures, documentaries, and mobile games, spanning numerous genres and languages. Members can effortlessly stream this content through a variety of internet-connected devices, including smart TVs, digital media players, cable boxes, and mobile phones. Furthermore, the company continues to offer a DVD-by-mail subscription service to its customers in the United States. With roughly 222 million paying subscribers distributed across 190 countries, Netflix was founded in 1997 and is headquartered in Los Gatos, California.
- Sector
- Communication Services
- Industry
- Entertainment
- CEO
- Theodore A. Sarandos