Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Netflix Inc., EBITDA calculation
US$ in thousands
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| 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. | Netflix Inc. EBITDA increased from 2022 to 2023 and from 2023 to 2024. |
Enterprise Value to EBITDA Ratio, Current
Netflix Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in thousands) | |
| Enterprise value (EV) | 444,253,341) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 26,314,821) |
| Valuation Ratio | |
| EV/EBITDA | 16.88 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Alphabet Inc. | 16.21 |
| Comcast Corp. | 6.11 |
| Meta Platforms Inc. | 19.71 |
| Walt Disney Co. | 16.73 |
| EV/EBITDA, Sector | |
| Media & Entertainment | 20.94 |
| EV/EBITDA, Industry | |
| Communication Services | 17.07 |
Based on: 10-K (reporting date: 2024-12-31).
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
Netflix Inc., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||
| Enterprise value (EV)1 | 421,731,913) | 254,260,097) | 170,788,302) | 181,045,624) | 246,646,811) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 26,314,821) | 21,459,615) | 20,332,955) | 19,044,502) | 14,889,470) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 16.03 | 11.85 | 8.40 | 9.51 | 16.57 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Alphabet Inc. | 16.81 | 17.01 | 14.66 | 18.08 | 20.84 | |
| Comcast Corp. | 5.84 | 7.10 | 9.60 | 8.45 | 10.36 | |
| Meta Platforms Inc. | 19.48 | 19.72 | 12.19 | 10.85 | 17.31 | |
| Walt Disney Co. | 16.57 | 17.34 | 17.80 | 34.53 | 60.13 | |
| EV/EBITDA, Sector | ||||||
| Media & Entertainment | — | 15.56 | 12.91 | 14.62 | 18.67 | |
| EV/EBITDA, Industry | ||||||
| Communication Services | — | 12.91 | 11.74 | 11.57 | 14.51 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 421,731,913 ÷ 26,314,821 = 16.03
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. | Netflix Inc. EV/EBITDA ratio increased from 2022 to 2023 and from 2023 to 2024. |