Basis: Current FMP quote-based enterprise value / four-quarter operating income. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBIT ratio high or low?
The EV/EBIT ratio of 32.87x is 69% below its estimated 5-year average of 106.06x, near the low end of its estimated 5-year range (29.14x–1738.49x).
As of 2026-09-09T20:00:02.000Z. 27.76% below its estimated 12-month average of 45.50x.
Quote observation: 2026-09-09T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 0b2f61d5f676fae964d7344ea172aa0d9973486e674bd0bd74c440b8133f42ca
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/EBIT RATIO
32.87x
EV/EBIT RATIO AVG TTM
45.50x
EV/EBIT RATIO AVG 3Y
78.51x
EV/EBIT RATIO AVG 5Y
106.06x
EV/EBIT RATIO AVG 10Y
N/A
EV/EBIT RATIO AVG 15Y
N/A
EV/EBIT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-27.76%
CURRENT VS 3Y AVG
-58.13%
CURRENT VS 5Y AVG
-69.01%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · COMMUNICATION SERVICES
18.61x
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
+76.63%
vs the sector median at left
Spotify Technology S.A.
Market Cap
$107.52B
EV/EBIT Ratio
32.87x
TTM Avg
45.50x
3Y Avg
78.51x
5Y Avg
106.06x
Market Cap
$87.26B
EV/EBIT Ratio
9.28x
TTM Avg
9.30x
3Y Avg
10.66x
5Y Avg
12.87x
Market Cap
$85.94B
EV/EBIT Ratio
84.23x
TTM Avg
128.92x
3Y Avg
207.80x
5Y Avg
207.80x
Market Cap
$69.97B
EV/EBIT Ratio
51.02x
TTM Avg
153.39x
3Y Avg
162.16x
5Y Avg
94.28x
Market Cap
$39.56B
EV/EBIT Ratio
46.22x
TTM Avg
38.39x
3Y Avg
32.70x
5Y Avg
33.20x
Market Cap
$180.91B
EV/EBIT Ratio
14.02x
TTM Avg
16.37x
3Y Avg
19.60x
5Y Avg
32.50x
| NAME | MARKET CAP | EV/EBIT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Spotify Technology S.A. (SPOT) | $107.52B | 32.87x | 45.50x | 78.51x | 106.06x |
| Comcast Corporation (CMCSA)vs › | $87.26B | 9.28x | 9.30x | 10.66x | 12.87x |
| DoorDash, Inc. (DASH)vs › | $85.94B | 84.23x | 128.92x | 207.80x | 207.80x |
| Warner Bros. Discovery, Inc. (WBD)vs › | $69.97B | 51.02x | 153.39x | 162.16x | 94.28x |
| AT&T Inc. (T)vs › | $172.37B | 12.25x | 13.31x | 12.53x | 12.45x |
| Live Nation Entertainment, Inc. (LYV)vs › | $39.56B | 46.22x | 38.39x | 32.70x | 33.20x |
| The Walt Disney Company (DIS)vs › | $180.91B | 14.02x | 16.37x | 19.60x | 32.50x |
| Reddit, Inc. (RDDT)vs › | $28.20B | 34.05x | 122.00x | 243.84x | 243.84x |
| Fox Corporation (FOXA)vs › | $28.00B | 9.09x | 9.87x | 9.18x | 8.95x |
| EchoStar Corporation (SATS)vs › | $25.07B | 40.17x | 148.47x | 95.87x | 48.31x |
EV/EBIT = Enterprise Value / EBIT (TTM)
Enterprise value to EBIT compares total company value to operating earnings, accounting for depreciation unlike EV/EBITDA.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBIT RATIO |
|---|---|
| 2026-09-09 | 33.42x |
| 2026-09-08 | 33.81x |
| 2026-09-04 | 34.74x |
| 2026-09-03 | 35.94x |
| 2026-09-02 | 35.89x |
| 2026-09-01 | 34.86x |
| 2026-08-31 | 34.82x |
| 2026-08-28 | 35.08x |
| 2026-08-27 | 33.71x |
| 2026-08-26 | 35.26x |
| 2026-08-25 | 35.43x |
| 2026-08-24 | 34.43x |
| 2026-08-21 | 34.15x |
| 2026-08-20 | 34.11x |
| 2026-08-19 | 34.13x |
| 2026-08-18 | 32.97x |
| 2026-08-17 | 31.35x |
| 2026-08-14 | 32.73x |
| 2026-08-13 | 31.74x |
| 2026-08-12 | 31.16x |
| 2026-08-11 | 31.93x |
| 2026-08-10 | 32.67x |
| 2026-08-07 | 31.06x |
| 2026-08-06 | 30.17x |
| 2026-08-05 | 30.66x |
| 2026-08-04 | 33.64x |
| 2026-08-03 | 34.24x |
| 2026-07-31 | 35.26x |
| 2026-07-30 | 36.94x |
| 2026-07-29 | 37.05x |
| 2026-07-28 | 36.12x |
| 2026-07-27 | 34.87x |
| 2026-07-24 | 33.97x |
| 2026-07-23 | 32.95x |
| 2026-07-22 | 33.34x |
| 2026-07-21 | 34.76x |
| 2026-07-20 | 34.69x |
| 2026-07-17 | 33.63x |
| 2026-07-16 | 33.48x |
| 2026-07-15 | 34.17x |
| 2026-07-14 | 33.85x |
| 2026-07-13 | 33.76x |
| 2026-07-10 | 33.75x |
| 2026-07-09 | 34.21x |
| 2026-07-08 | 34.16x |
| 2026-07-07 | 34.81x |
| 2026-07-06 | 34.00x |
| 2026-07-02 | 34.22x |
| 2026-07-01 | 33.21x |
| 2026-06-30 | 32.22x |
| 2026-06-29 | 32.45x |
| 2026-06-26 | 32.28x |
| 2026-06-25 | 30.88x |
| 2026-06-24 | 31.91x |
| 2026-06-23 | 31.95x |
| 2026-06-22 | 32.23x |
| 2026-06-18 | 32.88x |
| 2026-06-17 | 31.95x |
| 2026-06-16 | 33.01x |
| 2026-06-15 | 33.76x |
| 2026-06-12 | 33.92x |
| 2026-06-11 | 34.22x |
| 2026-06-10 | 35.49x |
| 2026-06-09 | 34.98x |
| 2026-06-08 | 35.49x |
| 2026-06-05 | 35.03x |
| 2026-06-04 | 34.78x |
| 2026-06-03 | 34.33x |
| 2026-06-02 | 35.37x |
| 2026-06-01 | 35.84x |
| 2026-05-29 | 35.09x |
| 2026-05-28 | 36.50x |
| 2026-05-27 | 36.22x |
| 2026-05-26 | 37.47x |
| 2026-05-22 | 36.74x |
| 2026-05-21 | 34.51x |
| 2026-05-20 | 30.30x |
| 2026-05-19 | 30.91x |
| 2026-05-18 | 31.17x |
| 2026-05-15 | 30.57x |
| 2026-05-14 | 30.24x |
| 2026-05-13 | 30.12x |
| 2026-05-12 | 30.25x |
| 2026-05-11 | 29.27x |
| 2026-05-08 | 29.14x |
| 2026-05-07 | 29.86x |
| 2026-05-06 | 29.70x |
| 2026-05-05 | 29.27x |
| 2026-05-04 | 30.66x |
| 2026-05-01 | 30.91x |
| 2026-04-30 | 31.28x |
| 2026-04-29 | 31.06x |
| 2026-04-28 | 35.03x |
| 2026-04-27 | 40.19x |
| 2026-04-24 | 42.05x |
| 2026-04-23 | 41.88x |
| 2026-04-22 | 42.46x |
| 2026-04-21 | 42.42x |
| 2026-04-20 | 43.62x |
| 2026-04-17 | 43.61x |
| 2026-04-16 | 43.18x |
| 2026-04-15 | 43.15x |
| 2026-04-14 | 41.49x |
| 2026-04-13 | 40.88x |
| 2026-04-10 | 38.53x |
| 2026-04-09 | 39.42x |
| 2026-04-08 | 39.13x |
| 2026-04-07 | 39.13x |
| 2026-04-06 | 39.24x |
| 2026-04-02 | 39.62x |
| 2026-04-01 | 38.03x |
| 2026-03-31 | 39.28x |
| 2026-03-30 | 38.45x |
| 2026-03-27 | 38.23x |
| 2026-03-26 | 38.71x |
| 2026-03-25 | 38.30x |
| 2026-03-24 | 39.27x |
| 2026-03-23 | 39.90x |
| 2026-03-20 | 38.41x |
| 2026-03-19 | 39.08x |
| 2026-03-18 | 41.94x |
| 2026-03-17 | 42.66x |
| 2026-03-16 | 42.55x |
| 2026-03-13 | 41.89x |
| 2026-03-12 | 41.34x |
| 2026-03-11 | 41.74x |
| 2026-03-10 | 43.08x |
| 2026-03-09 | 44.30x |
| 2026-03-06 | 46.00x |
| 2026-03-05 | 44.91x |
| 2026-03-04 | 43.40x |
| 2026-03-03 | 42.21x |
| 2026-03-02 | 41.15x |
| 2026-02-27 | 41.79x |
| 2026-02-26 | 40.18x |
| 2026-02-25 | 37.46x |
| 2026-02-24 | 37.66x |
| 2026-02-23 | 37.84x |
| 2026-02-20 | 39.75x |
| 2026-02-19 | 39.31x |
| 2026-02-18 | 38.66x |
| 2026-02-17 | 37.43x |
| 2026-02-13 | 37.05x |
| 2026-02-12 | 36.00x |
| 2026-02-11 | 39.47x |
| 2026-02-10 | 44.42x |
| 2026-02-09 | 38.49x |
| 2026-02-06 | 39.24x |
| 2026-02-05 | 38.29x |
| 2026-02-04 | 40.98x |
| 2026-02-03 | 44.22x |
| 2026-02-02 | 47.57x |
| 2026-01-30 | 46.78x |
| 2026-01-29 | 47.12x |
| 2026-01-28 | 47.59x |
| 2026-01-27 | 47.88x |
| 2026-01-26 | 47.96x |
| 2026-01-23 | 48.02x |
| 2026-01-22 | 46.61x |
| 2026-01-21 | 46.95x |
| 2026-01-20 | 47.84x |
| 2026-01-16 | 47.18x |
| 2026-01-15 | 47.52x |
| 2026-01-14 | 49.54x |
| 2026-01-13 | 50.10x |
| 2026-01-12 | 49.65x |
| 2026-01-09 | 50.56x |
| 2026-01-08 | 51.94x |
| 2026-01-07 | 53.49x |
| 2026-01-06 | 53.66x |
| 2026-01-05 | 55.79x |
| 2026-01-02 | 54.01x |
| 2025-12-31 | 54.56x |
| 2025-12-30 | 54.17x |
| 2025-12-29 | 54.61x |
| 2025-12-26 | 54.92x |
| 2025-12-24 | 55.13x |
| 2025-12-23 | 54.44x |
| 2025-12-22 | 54.38x |
| 2025-12-19 | 54.70x |
| 2025-12-18 | 52.93x |
| 2025-12-17 | 53.16x |
| 2025-12-16 | 54.40x |
| 2025-12-15 | 54.22x |
| 2025-12-12 | 56.22x |
| 2025-12-11 | 56.32x |
| 2025-12-10 | 57.34x |
| 2025-12-09 | 55.43x |
| 2025-12-08 | 53.75x |
| 2025-12-05 | 53.03x |
| 2025-12-04 | 52.65x |
| 2025-12-03 | 52.28x |
| 2025-12-02 | 54.18x |
| 2025-12-01 | 54.39x |
| 2025-11-28 | 56.32x |
| 2025-11-26 | 55.72x |
| 2025-11-25 | 55.02x |
| 2025-11-24 | 54.98x |
| 2025-11-21 | 54.84x |
| 2025-11-20 | 55.39x |
| 2025-11-19 | 58.23x |
| 2025-11-18 | 59.96x |
| 2025-11-17 | 60.37x |
| 2025-11-14 | 59.90x |
| 2025-11-13 | 60.82x |
| 2025-11-12 | 61.07x |
| 2025-11-11 | 60.27x |
| 2025-11-10 | 58.65x |
| 2025-11-07 | 58.07x |
| 2025-11-06 | 58.20x |
| 2025-11-05 | 58.37x |
| 2025-11-04 | 62.13x |
| 2025-11-03 | 63.60x |
| 2025-10-31 | 64.73x |
| 2025-10-30 | 64.87x |
| 2025-10-29 | 65.78x |
| 2025-10-28 | 64.54x |
| 2025-10-27 | 64.98x |
| 2025-10-24 | 63.77x |
| 2025-10-23 | 66.61x |
| 2025-10-22 | 66.79x |
| 2025-10-21 | 68.16x |
| 2025-10-20 | 66.78x |
| 2025-10-17 | 66.37x |
| 2025-10-16 | 65.66x |
| 2025-10-15 | 66.35x |
| 2025-10-14 | 67.59x |
| 2025-10-13 | 68.45x |
| 2025-10-10 | 67.77x |
| 2025-10-09 | 66.59x |
| 2025-10-08 | 66.70x |
| 2025-10-07 | 67.28x |
| 2025-10-06 | 67.26x |
| 2025-10-03 | 67.28x |
| 2025-10-02 | 70.00x |
| 2025-10-01 | 69.33x |
| 2025-09-30 | 69.05x |
| 2025-09-29 | 72.14x |
| 2025-09-26 | 70.93x |
| 2025-09-25 | 70.53x |
| 2025-09-24 | 70.13x |
| 2025-09-23 | 71.17x |
| 2025-09-22 | 73.16x |
| 2025-09-19 | 72.79x |
| 2025-09-18 | 72.71x |
| 2025-09-17 | 69.99x |
| 2025-09-16 | 69.67x |
| 2025-09-15 | 69.57x |
| 2025-09-12 | 68.89x |
| 2025-09-11 | 68.28x |
| 2025-09-10 | 69.67x |
| 2025-09-09 | 71.20x |
| 2025-09-08 | 71.11x |
| 2025-09-05 | 69.99x |
| 2025-09-04 | 69.65x |
| 2025-09-03 | 68.99x |
| 2025-09-02 | 68.21x |
| 2025-08-29 | 67.42x |
| 2025-08-28 | 68.02x |
| 2025-08-27 | 68.55x |
Showing the most recent 260 of 852 data points. The chart above shows the full history.
