Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
EV to EBITDA Ratio, Current
EV to EBITDA Ratio, Historical

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Advanced Micro Devices Inc., EBITDA calculation

US$ in millions

12 months ended:	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020
Net income	1,641)	854)	1,320)	3,162)	2,490)
Add: Income tax expense	381)	(346)	(122)	513)	(1,210)
Earnings before tax (EBT)	2,022)	508)	1,198)	3,675)	1,280)
Add: Interest expense	92)	106)	88)	34)	47)
Earnings before interest and tax (EBIT)	2,114)	614)	1,286)	3,709)	1,327)
Add: Depreciation and amortization	671)	642)	626)	407)	312)
Add: Amortization of acquisition-related intangibles	2,393)	2,811)	3,548)	—)	—)
Earnings before interest, tax, depreciation and amortization (EBITDA)	5,178)	4,067)	5,460)	4,116)	1,639)

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

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Item	Description	The company
EBITDA	To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.	Advanced Micro Devices Inc. EBITDA decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.

Enterprise Value to EBITDA Ratio, Current

Advanced Micro Devices Inc., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in millions)
Enterprise value (EV)	181,599)
Earnings before interest, tax, depreciation and amortization (EBITDA)	5,178)
Valuation Ratio
EV/EBITDA	35.07
Benchmarks
EV/EBITDA, Competitors¹
Analog Devices Inc.	30.01
Applied Materials Inc.	15.93
Broadcom Inc.	46.95
Intel Corp.	121.93
KLA Corp.	27.02
Lam Research Corp.	23.12
Micron Technology Inc.	12.56
Monolithic Power Systems Inc.	59.54
NVIDIA Corp.	95.97
Qualcomm Inc.	15.19
Texas Instruments Inc.	25.42
EV/EBITDA, Sector
Semiconductors & Semiconductor Equipment	66.18
EV/EBITDA, Industry
Information Technology	37.68

Based on: 10-K (reporting date: 2024-12-28).

¹ Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.

Enterprise Value to EBITDA Ratio, Historical

Advanced Micro Devices Inc., historical EV/EBITDA calculation, comparison to benchmarks

	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020
Selected Financial Data (US$ in millions)
Enterprise value (EV)¹	178,099)	267,646)	123,541)	140,717)	101,774)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	5,178)	4,067)	5,460)	4,116)	1,639)
Valuation Ratio
EV/EBITDA³	34.40	65.81	22.63	34.19	62.10
Benchmarks
EV/EBITDA, Competitors⁴
Analog Devices Inc.	27.10	15.56	16.23	38.55	23.61
Applied Materials Inc.	15.31	15.75	11.04	17.54	16.82
Broadcom Inc.	45.78	26.42	13.54	19.72	18.89
Intel Corp.	97.96	18.96	6.20	6.02	6.40
KLA Corp.	24.77	15.67	14.97	19.26	18.10
Lam Research Corp.	20.93	15.36	11.36	16.94	18.35
Micron Technology Inc.	12.40	32.38	3.26	6.05	6.46
Monolithic Power Systems Inc.	—	62.08	39.34	68.91	90.99
NVIDIA Corp.	46.95	95.69	57.58	58.98	52.92
Qualcomm Inc.	15.19	12.82	7.84	12.76	19.49
Texas Instruments Inc.	22.89	16.36	14.69	15.54	21.75
EV/EBITDA, Sector
Semiconductors & Semiconductor Equipment	—	26.77	14.62	15.67	14.89
EV/EBITDA, Industry
Information Technology	—	23.49	18.19	20.35	19.58

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

¹ See details »

² See details »

³ 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 178,099 ÷ 5,178 = 34.40

⁴ Click competitor name to see calculations.

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Valuation ratio	Description	The company
EV/EBITDA	Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock.	Advanced Micro Devices Inc. EV/EBITDA ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024 not reaching 2022 level.

Advanced Micro Devices Inc. (NASDAQ:AMD)

Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Enterprise Value to EBITDA Ratio, Current

Enterprise Value to EBITDA Ratio, Historical