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

Amphenol Corp., EBITDA calculation

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income attributable to Amphenol Corporation	1,928,000)	1,902,300)	1,590,800)	1,203,400)	1,155,000)
Add: Net income attributable to noncontrolling interest	17,500)	14,500)	10,700)	9,900)	9,000)
Less: Income from discontinued operations, net of income taxes	—)	—)	21,400)	—)	—)
Add: Income tax expense	509,300)	550,600)	409,100)	313,300)	331,900)
Earnings before tax (EBT)	2,454,800)	2,467,400)	1,989,200)	1,526,600)	1,495,900)
Add: Interest expense	139,500)	128,400)	115,500)	115,400)	117,600)
Earnings before interest and tax (EBIT)	2,594,300)	2,595,800)	2,104,700)	1,642,000)	1,613,500)
Add: Depreciation and amortization	406,400)	392,900)	395,600)	308,100)	312,100)
Earnings before interest, tax, depreciation and amortization (EBITDA)	3,000,700)	2,988,700)	2,500,300)	1,950,100)	1,925,600)

Based on: 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), 10-K (reporting date: 2019-12-31).

Download chart

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.	Amphenol Corp. EBITDA increased from 2021 to 2022 and from 2022 to 2023.

Amphenol Corp., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in thousands)
Enterprise value (EV)	75,093,168)
Earnings before interest, tax, depreciation and amortization (EBITDA)	3,000,700)
Valuation Ratio
EV/EBITDA	25.03
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	28.46
EV/EBITDA, Industry
Information Technology	37.83

Based on: 10-K (reporting date: 2023-12-31).

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.

Amphenol Corp., historical EV/EBITDA calculation, comparison to benchmarks

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Selected Financial Data (US$ in thousands)
Enterprise value (EV)¹	65,267,267)	51,530,855)	51,525,792)	41,535,814)	33,635,356)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	3,000,700)	2,988,700)	2,500,300)	1,950,100)	1,925,600)
Valuation Ratio
EV/EBITDA³	21.75	17.24	20.61	21.30	17.47
Benchmarks
EV/EBITDA, Competitors⁴
Apple Inc.	21.66	19.15	20.47	23.12	13.59
Arista Networks Inc.	31.29	24.52	37.29	26.96	16.05
Cisco Systems Inc.	12.16	10.52	15.05	9.69	11.36
Super Micro Computer Inc.	16.77	10.50	11.19	10.65	7.75
EV/EBITDA, Sector
Technology Hardware & Equipment	20.69	18.24	19.98	20.90	13.22
EV/EBITDA, Industry
Information Technology	23.81	18.66	20.75	19.96	14.60

Based on: 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), 10-K (reporting date: 2019-12-31).

¹ See details »

² See details »

³ 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 65,267,267 ÷ 3,000,700 = 21.75

⁴ Click competitor name to see calculations.

Download chart

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.	Amphenol Corp. EV/EBITDA ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Amphenol Corp. (NYSE:APH)

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