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

Roper Technologies Inc., EBITDA calculation

US$ in thousands

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net earnings	4,544,700)	1,152,600)	949,700)	1,767,900)	944,400)
Less: Net earnings from discontinued operations	3,559,100)	170,000)	—)	—)	—)
Add: Income tax expense	296,400)	288,400)	259,600)	459,500)	254,000)
Earnings before tax (EBT)	1,282,000)	1,271,000)	1,209,300)	2,227,400)	1,198,400)
Add: Interest expense, net	192,400)	234,100)	218,900)	186,600)	182,100)
Earnings before interest and tax (EBIT)	1,474,400)	1,505,100)	1,428,200)	2,414,000)	1,380,500)
Add: Depreciation and amortization of property, plant and equipment	37,300)	49,700)	53,400)	49,200)	49,500)
Add: Amortization of intangible assets	612,800)	584,400)	467,400)	366,800)	317,500)
Earnings before interest, tax, depreciation and amortization (EBITDA)	2,124,500)	2,139,200)	1,949,000)	2,830,000)	1,747,500)

Based on: 10-K (reporting date: 2022-12-31), 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).

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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.	Roper Technologies Inc. EBITDA increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.

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

Selected Financial Data (US$ in thousands)
Enterprise value (EV)	58,644,366)
Earnings before interest, tax, depreciation and amortization (EBITDA)	2,124,500)
Valuation Ratio
EV/EBITDA	27.60
Benchmarks
EV/EBITDA, Competitors¹
Apple Inc.	28.82
Arista Networks Inc.	55.00
Cisco Systems Inc.	15.63
Super Micro Computer Inc.	23.05
EV/EBITDA, Sector
Technology Hardware & Equipment	28.30
EV/EBITDA, Industry
Information Technology	36.30

Based on: 10-K (reporting date: 2022-12-31).

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.

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

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Selected Financial Data (US$ in thousands)
Enterprise value (EV)¹	51,446,203)	53,952,121)	49,546,610)	41,884,369)	37,664,445)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	2,124,500)	2,139,200)	1,949,000)	2,830,000)	1,747,500)
Valuation Ratio
EV/EBITDA³	24.22	25.22	25.42	14.80	21.55
Benchmarks
EV/EBITDA, Competitors⁴
Apple Inc.	19.15	20.47	23.12	13.59	—
Arista Networks Inc.	24.52	37.29	26.96	16.05	—
Cisco Systems Inc.	10.52	15.05	9.69	11.36	—
Super Micro Computer Inc.	10.50	11.19	10.65	7.75	10.04
EV/EBITDA, Sector
Technology Hardware & Equipment	18.24	19.98	20.90	13.22	—
EV/EBITDA, Industry
Information Technology	18.66	20.75	19.96	14.60	—

Based on: 10-K (reporting date: 2022-12-31), 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).

¹ See details »

² See details »

³ 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 51,446,203 ÷ 2,124,500 = 24.22

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.	Roper Technologies Inc. EV/EBITDA ratio decreased from 2020 to 2021 and from 2021 to 2022.

Roper Technologies Inc. (NASDAQ:ROP)

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