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

Ross Stores Inc., EBITDA calculation

US$ in thousands

12 months ended:	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Net earnings	1,722,589)	85,382)	1,660,928)	1,587,457)	1,362,753)	1,117,654)
Add: Income tax expense	535,951)	20,915)	503,360)	463,419)	677,967)	668,502)
Earnings before tax (EBT)	2,258,540)	106,297)	2,164,288)	2,050,876)	2,040,720)	1,786,156)
Add: Interest expense	75,161)	88,064)	9,740)	16,407)	18,847)	19,569)
Earnings before interest and tax (EBIT)	2,333,701)	194,361)	2,174,028)	2,067,283)	2,059,567)	1,805,725)
Add: Depreciation and amortization	360,664)	364,245)	350,892)	330,357)	313,163)	302,515)
Earnings before interest, tax, depreciation and amortization (EBITDA)	2,694,365)	558,606)	2,524,920)	2,397,640)	2,372,730)	2,108,240)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

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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.	Ross Stores Inc. EBITDA decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Ross Stores Inc., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in thousands)
Enterprise value (EV)	37,256,600)
Earnings before interest, tax, depreciation and amortization (EBITDA)	2,694,365)
Valuation Ratio
EV/EBITDA	13.83
Benchmarks
EV/EBITDA, Competitors¹
Amazon.com Inc.	23.78
Home Depot Inc.	17.43
Lowe’s Cos. Inc.	13.54
TJX Cos. Inc.	18.87
EV/EBITDA, Sector
Consumer Discretionary Distribution & Retail	34.53
EV/EBITDA, Industry
Consumer Discretionary	29.94

Based on: 10-K (reporting date: 2022-01-29).

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.

Ross Stores Inc., historical EV/EBITDA calculation, comparison to benchmarks

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Selected Financial Data (US$ in thousands)
Enterprise value (EV)¹	31,057,736)	40,612,073)	29,914,033)	33,426,368)	27,964,120)	25,059,838)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	2,694,365)	558,606)	2,524,920)	2,397,640)	2,372,730)	2,108,240)
Valuation Ratio
EV/EBITDA³	11.53	72.70	11.85	13.94	11.79	11.89
Benchmarks
EV/EBITDA, Competitors⁴
Amazon.com Inc.	28.04	21.27	32.24	26.57	—	—
Home Depot Inc.	14.08	16.53	12.34	13.36	—	—
Lowe’s Cos. Inc.	12.43	14.41	8.98	18.22	—	—
TJX Cos. Inc.	13.00	65.35	10.33	12.61	—	—
EV/EBITDA, Sector
Consumer Discretionary Distribution & Retail	20.13	20.16	24.23	21.23	—	—
EV/EBITDA, Industry
Consumer Discretionary	19.55	21.16	29.01	17.75	—	—

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

¹ See details »

² See details »

³ 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 31,057,736 ÷ 2,694,365 = 11.53

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.	Ross Stores Inc. EV/EBITDA ratio increased from 2020 to 2021 but then decreased significantly from 2021 to 2022.

Ross Stores Inc. (NASDAQ:ROST)

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