Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Fiserv Inc., EBITDA calculation
US$ in millions
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
| 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. | Fiserv Inc. EBITDA increased from 2019 to 2020 and from 2020 to 2021. |
Enterprise Value to EBITDA Ratio, Current
Fiserv Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 88,825) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 5,658) |
| Valuation Ratio | |
| EV/EBITDA | 15.70 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Accenture PLC | 16.74 |
| Adobe Inc. | 20.38 |
| Cadence Design Systems Inc. | 41.98 |
| CrowdStrike Holdings Inc. | 288.26 |
| International Business Machines Corp. | 21.86 |
| Intuit Inc. | 36.98 |
| Microsoft Corp. | 21.20 |
| Oracle Corp. | 21.86 |
| Palantir Technologies Inc. | 376.78 |
| Palo Alto Networks Inc. | 88.11 |
| Salesforce Inc. | 22.75 |
| ServiceNow Inc. | 68.85 |
| Synopsys Inc. | 34.53 |
| Workday Inc. | 54.18 |
| EV/EBITDA, Sector | |
| Software & Services | 34.99 |
| EV/EBITDA, Industry | |
| Information Technology | 33.04 |
Based on: 10-K (reporting date: 2021-12-31).
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
Fiserv Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 83,446) | 97,754) | 96,331) | 38,731) | 33,938) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 5,658) | 5,097) | 3,270) | 2,303) | 1,999) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 14.75 | 19.18 | 29.46 | 16.82 | 16.98 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Accenture PLC | 23.31 | 17.46 | 15.60 | — | — | |
| Adobe Inc. | 35.44 | 43.06 | 41.16 | — | — | |
| Cadence Design Systems Inc. | 39.61 | 45.75 | — | — | — | |
| CrowdStrike Holdings Inc. | — | — | — | — | — | |
| International Business Machines Corp. | 12.53 | 12.28 | — | — | — | |
| Intuit Inc. | 51.96 | 35.70 | 34.27 | — | — | |
| Microsoft Corp. | 24.59 | 21.74 | 17.21 | — | — | |
| Oracle Corp. | 13.78 | 11.54 | 11.83 | — | — | |
| Palantir Technologies Inc. | — | — | — | — | — | |
| Palo Alto Networks Inc. | — | 349.99 | 117.18 | — | — | |
| Salesforce Inc. | 33.83 | 49.45 | — | — | — | |
| ServiceNow Inc. | 147.45 | 220.91 | — | — | — | |
| Synopsys Inc. | 53.43 | 42.24 | 26.98 | — | — | |
| Workday Inc. | 670.04 | — | — | — | — | |
| EV/EBITDA, Sector | ||||||
| Software & Services | 25.68 | 23.25 | — | — | — | |
| EV/EBITDA, Industry | ||||||
| Information Technology | 20.49 | 19.71 | — | — | — | |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).
3 2021 Calculation
EV/EBITDA = EV ÷ EBITDA
= 83,446 ÷ 5,658 = 14.75
4 Click competitor name to see calculations.
| 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. | Fiserv Inc. EV/EBITDA ratio decreased from 2019 to 2020 and from 2020 to 2021. |