EV/EBITDA

A valuation multiple that accounts for debt as well as the share price.

How it’s calculated

Enterprise value (market value + debt − cash) ÷ EBITDA (earnings before interest, tax, depreciation and amortisation).

How to read it

Because it includes debt, it lets you compare companies that are financed differently. Lower means you are paying less for each unit of operating earnings.

EBITDA leaves out the cost of replacing worn-out equipment, which matters a lot in capital-heavy industries. It is rarely used for banks.

How StockDecks scores it

Lower scores better. On the general benchmark, 8 counts as strong, 15 as typical and 35 as weak.

It is one of the measures behind the Valuation rating. Every measure, benchmark and weighting is set out on the methodology page.

Real examples

Across the 95 companies StockDecks has a page for with this figure available, as of 24 October 2026, the middle value is 14.52×.

Lowest

Wise 3.13× · M&G 3.52× · Prudential 3.88×

Highest

Palantir Technologies 174.16× · Tesla 146.67× · Shopify 88.63×

Figures from Yahoo Finance, captured 24 October 2026. Being high or low on one measure says little on its own — each company page shows how this measure sits alongside the others.