EV/EBITDA Calculator
Calculate the enterprise value to EBITDA multiple for any stock. Enter market cap, debt, cash, and EBITDA to get a capital-structure-neutral valuation multiple — the standard for M&A analysis and cross-sector comparison.
Enter all values in the same unit — millions (M), billions (B), or raw dollars. Consistency is required; the unit does not affect the resulting multiple.
Share price × shares outstanding
Earnings before interest, taxes, D&A
Short-term + long-term debt
Subtracted from EV (acquirer receives it)
Enter market cap and EBITDA to calculate EV/EBITDA.
Sector EV/EBITDA benchmarks
EV/EBITDA ranges vary widely by sector. High-growth technology commands a significant premium over asset-heavy energy and utility businesses. Always compare within the same sector and growth cohort.
| Sector | Typical Range | Context |
|---|---|---|
| Technology (Software / SaaS) | 20–40× | High multiples reflect recurring revenue and scalability |
| Technology (Hardware / Semis) | 12–22× | Lower than software due to capital intensity |
| Consumer Discretionary | 10–18× | Brand and growth premium; cyclicality compresses floor |
| Health Care / Biotech | 12–25× | Pipeline value drives premiums for large pharma |
| Communication Services | 8–16× | Subscriber economics and network effects priced in |
| S&P 500 Average | 12–16× | Broad market benchmark (2024 est.) |
| Consumer Staples | 10–16× | Stable cash flows; limited growth caps multiples |
| Industrials | 8–14× | Tangible assets; EV/EBITDA most useful here |
| Real Estate (REITs) | 14–22× | Use EV/EBITDA carefully; EV/FFO is more standard |
| Financials (Banks) | 6–10× | EV/EBITDA less meaningful; use P/E and P/B instead |
| Energy (E&P / Integrated) | 4–8× | Commodity cycles compress multiples; use EV/EBITDAX |
| Utilities | 8–12× | Regulated; predictable EBITDA supports stable multiples |
| Materials | 6–12× | Cyclical; range widens with commodity price swings |
Reference estimates only. Multiples shift with interest rates, growth cycles, and earnings expectations. Sources: consensus analyst data.
Go deeper: multi-method valuation
EV/EBITDA is most useful alongside DCF, P/E, and free cash flow analysis. No single multiple tells the full story.
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Frequently asked questions
Common questions about EV/EBITDA and enterprise value valuation.
This tool is for research and educational purposes only. It does not constitute financial advice. EV/EBITDA multiples and sector benchmarks are estimates — results depend entirely on user-provided inputs and shift with market conditions. EV/EBITDA is less meaningful for financial companies and does not account for capital expenditure requirements. Always use multiple valuation methods. Equity Rank is not a registered investment adviser. Consult a qualified financial professional before making investment decisions.