Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
NVIDIA Corp., EBITDA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27).
| 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. | NVIDIA Corp. EBITDA decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level. |
Enterprise Value to EBITDA Ratio, Current
NVIDIA Corp., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 3,584,000) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 35,583) |
| Valuation Ratio | |
| EV/EBITDA | 100.72 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Advanced Micro Devices Inc. | 54.81 |
| Analog Devices Inc. | 17.92 |
| Applied Materials Inc. | 16.34 |
| Broadcom Inc. | 38.79 |
| First Solar Inc. | 15.29 |
| Intel Corp. | 11.83 |
| KLA Corp. | 21.64 |
| Lam Research Corp. | 18.23 |
| Micron Technology Inc. | 11.87 |
| Qualcomm Inc. | 14.47 |
| Texas Instruments Inc. | 20.65 |
| EV/EBITDA, Sector | |
| Semiconductors & Semiconductor Equipment | 63.61 |
| EV/EBITDA, Industry | |
| Information Technology | 36.39 |
Based on: 10-K (reporting date: 2024-01-28).
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
NVIDIA Corp., historical EV/EBITDA calculation, comparison to benchmarks
| Jan 28, 2024 | Jan 29, 2023 | Jan 30, 2022 | Jan 31, 2021 | Jan 26, 2020 | Jan 27, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Enterprise value (EV)1 | 1,670,475) | 572,920) | 653,633) | 335,658) | 180,080) | 88,860) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 35,583) | 5,987) | 11,351) | 5,691) | 3,403) | 4,216) | |
| Valuation Ratio | |||||||
| EV/EBITDA3 | 46.95 | 95.69 | 57.58 | 58.98 | 52.92 | 21.08 | |
| Benchmarks | |||||||
| EV/EBITDA, Competitors4 | |||||||
| Advanced Micro Devices Inc. | — | 65.81 | 22.63 | 34.19 | 62.10 | 82.59 | |
| Analog Devices Inc. | — | 15.56 | 16.23 | 38.55 | 23.61 | 18.67 | |
| Applied Materials Inc. | — | 15.75 | 11.04 | 17.54 | 16.82 | 14.60 | |
| Broadcom Inc. | — | 26.42 | 13.54 | 19.72 | 18.89 | 16.32 | |
| First Solar Inc. | — | 11.52 | 53.82 | 7.64 | 12.99 | 32.49 | |
| Intel Corp. | — | 18.96 | 6.20 | 6.02 | 6.40 | 8.73 | |
| KLA Corp. | 24.77 | 15.67 | 14.97 | 19.26 | 18.10 | 14.14 | |
| Lam Research Corp. | 20.93 | 15.36 | 11.36 | 16.94 | 18.35 | 10.69 | |
| Micron Technology Inc. | 12.40 | 32.38 | 3.26 | 6.05 | 6.46 | 3.90 | |
| Qualcomm Inc. | 15.19 | 12.82 | 7.84 | 12.76 | 19.49 | 10.55 | |
| Texas Instruments Inc. | — | 16.36 | 14.69 | 15.54 | 21.75 | 17.73 | |
| EV/EBITDA, Sector | |||||||
| Semiconductors & Semiconductor Equipment | — | 26.35 | 14.60 | 15.47 | 14.72 | 11.61 | |
| EV/EBITDA, Industry | |||||||
| Information Technology | — | 23.65 | 18.58 | 20.64 | 19.71 | 14.59 | |
Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-26), 10-K (reporting date: 2019-01-27).
3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 1,670,475 ÷ 35,583 = 46.95
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. | NVIDIA Corp. EV/EBITDA ratio increased from 2022 to 2023 but then decreased significantly from 2023 to 2024. |