Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Texas Instruments Inc., EBITDA calculation
US$ in millions
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. | Texas Instruments Inc. EBITDA decreased from 2022 to 2023 and from 2023 to 2024. |
Enterprise Value to EBITDA Ratio, Current
Texas Instruments Inc., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 174,892) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 7,541) |
| Valuation Ratio | |
| EV/EBITDA | 23.19 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Advanced Micro Devices Inc. | 34.97 |
| Analog Devices Inc. | 26.29 |
| Applied Materials Inc. | 13.95 |
| Broadcom Inc. | 40.10 |
| Intel Corp. | 115.20 |
| KLA Corp. | 25.32 |
| Lam Research Corp. | 20.23 |
| Micron Technology Inc. | 11.87 |
| Monolithic Power Systems Inc. | 47.91 |
| NVIDIA Corp. | 33.99 |
| Qualcomm Inc. | 14.00 |
| EV/EBITDA, Sector | |
| Semiconductors & Semiconductor Equipment | 43.61 |
| EV/EBITDA, Industry | |
| Information Technology | 29.14 |
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
Texas Instruments 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 millions) | ||||||
| Enterprise value (EV)1 | 172,634) | 147,407) | 164,860) | 156,316) | 156,606) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 7,541) | 9,009) | 11,225) | 10,057) | 7,199) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 22.89 | 16.36 | 14.69 | 15.54 | 21.75 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Advanced Micro Devices Inc. | 34.40 | 65.81 | 22.63 | 34.19 | 62.10 | |
| Analog Devices Inc. | 27.10 | 15.56 | 16.23 | 38.55 | 23.61 | |
| Applied Materials Inc. | 15.31 | 15.75 | 11.04 | 17.54 | 16.82 | |
| Broadcom Inc. | 45.78 | 26.42 | 13.54 | 19.72 | 18.89 | |
| Intel Corp. | 97.96 | 18.96 | 6.20 | 6.02 | 6.40 | |
| KLA Corp. | 24.77 | 15.67 | 14.97 | 19.26 | 18.10 | |
| Lam Research Corp. | 20.93 | 15.36 | 11.36 | 16.94 | 18.35 | |
| Micron Technology Inc. | 12.40 | 32.38 | 3.26 | 6.05 | 6.46 | |
| Monolithic Power Systems Inc. | 44.06 | 62.08 | 39.34 | 68.91 | 90.99 | |
| NVIDIA Corp. | 46.95 | 95.69 | 57.58 | 58.98 | 52.92 | |
| Qualcomm Inc. | 15.19 | 12.82 | 7.84 | 12.76 | 19.49 | |
| EV/EBITDA, Sector | ||||||
| Semiconductors & Semiconductor Equipment | 34.03 | 26.77 | 14.62 | 15.67 | 14.89 | |
| EV/EBITDA, Industry | ||||||
| Information Technology | 27.60 | 23.59 | 18.31 | 20.49 | 19.71 | |
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
= 172,634 ÷ 7,541 = 22.89
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. | Texas Instruments Inc. EV/EBITDA ratio increased from 2022 to 2023 and from 2023 to 2024. |