Stock Analysis on Net

Palantir Technologies Inc. (NASDAQ:PLTR)

Enterprise Value to EBITDA (EV/EBITDA)

Microsoft Excel

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

Palantir Technologies Inc., EBITDA calculation

US$ in thousands

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss) attributable to common stockholders 462,190 209,825 (373,705) (520,379) (1,166,391)
Add: Net income attributable to noncontrolling interest 5,728 7,550 2,611
Add: Income tax expense 21,255 19,716 10,067 31,885 (12,636)
Earnings before tax (EBT) 489,173 237,091 (361,027) (488,494) (1,179,027)
Add: Interest expense 3,470 4,058 3,640 14,139
Earnings before interest and tax (EBIT) 489,173 240,561 (356,969) (484,854) (1,164,888)
Add: Depreciation and amortization 31,587 33,354 22,522 14,897 13,871
Earnings before interest, tax, depreciation and amortization (EBITDA) 520,760 273,915 (334,447) (469,957) (1,151,017)

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. Palantir Technologies Inc. EBITDA increased from 2022 to 2023 and from 2023 to 2024.

Enterprise Value to EBITDA Ratio, Current

Palantir Technologies Inc., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 244,102,173
Earnings before interest, tax, depreciation and amortization (EBITDA) 520,760
Valuation Ratio
EV/EBITDA 468.74
Benchmarks
EV/EBITDA, Competitors1
Accenture PLC 21.22
Adobe Inc. 24.59
Cadence Design Systems Inc. 50.31
CrowdStrike Holdings Inc. 356.42
International Business Machines Corp. 19.58
Intuit Inc. 35.83
Microsoft Corp. 23.28
Oracle Corp. 26.37
Palo Alto Networks Inc. 101.58
Salesforce Inc. 32.84
ServiceNow Inc. 83.93
Synopsys Inc. 39.22
EV/EBITDA, Sector
Software & Services 32.80
EV/EBITDA, Industry
Information Technology 37.68

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

Palantir Technologies Inc., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 287,139,473 48,189,177 15,242,186 21,491,473 41,738,848
Earnings before interest, tax, depreciation and amortization (EBITDA)2 520,760 273,915 (334,447) (469,957) (1,151,017)
Valuation Ratio
EV/EBITDA3 551.39 175.93
Benchmarks
EV/EBITDA, Competitors4
Accenture PLC 19.87 17.26 14.25 23.31 17.46
Adobe Inc. 22.06 34.07 22.32 35.44 43.06
Cadence Design Systems Inc. 55.61 42.11 39.61 45.75
CrowdStrike Holdings Inc. 262.20
International Business Machines Corp. 14.41 22.17 12.53 12.28
Intuit Inc. 38.55 38.71 36.22 51.96 35.70
Microsoft Corp. 23.66 22.92 20.17 24.59 21.74
Oracle Corp. 21.81 21.80 17.12 13.78 11.54
Palo Alto Networks Inc. 84.17 85.08 515.19 349.99
Salesforce Inc. 31.74 38.42 38.91 33.92 49.78
ServiceNow Inc. 87.89 96.48 104.30 147.45 220.91
Synopsys Inc. 39.17 54.59 36.73 53.43 42.24
EV/EBITDA, Sector
Software & Services 25.00 22.24 25.29 22.90
EV/EBITDA, Industry
Information Technology 23.49 18.19 20.35 19.58

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).

1 See details »

2 See details »

3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 287,139,473 ÷ 520,760 = 551.39

4 Click competitor name to see calculations.