Question 1

What is Analog Devices's EV/EBITDA ratio?

Accepted Answer

Analog Devices (ADI) EV/EBITDA ratio is 31.3× as of July 22, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Analog Devices?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Analog Devices specifically, the relevant sector benchmark is the current sector median of 20.3×.

Question 5

Is Analog Devices's EV/EBITDA ratio high or low?

Accepted Answer

Analog Devices's EV/EBITDA ratio of 31.3× is above its own 5-year average of 22.9× and above the sector median of 20.3×. That places the current reading at the 87th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Analog Devices's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Analog Devices (ADI) EV/EBITDA ratio has ranged from a low of 6.1× in 2011 to a high of 39.3× in 2026. The 5-year average is 22.9× and the 5-year median is 23.5×.

Question 7

What was Analog Devices's EV/EBITDA ratio in 2025?

Accepted Answer

Analog Devices (ADI) EV/EBITDA ratio at the end of 2025 was 23.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Analog Devices's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$115B	$5.03B	23.9×	-4.0×	Nov 1, 2025
2024	$112B	$4.2B	27.9×	+13.9×	Nov 2, 2024
2023	$79.8B	$6.17B	13.9×	-0.2×	Oct 28, 2023
2022	$74.2B	$5.6B	14.2×	-20.1×	Oct 29, 2022
2021	$83.9B	$2.59B	34.3×	+13.6×	Oct 30, 2021
2020	$43.8B	$2.32B	20.7×	+2.8×	Oct 31, 2020
2019	$40.4B	$2.53B	17.9×	—	Nov 2, 2019
2018	—	$2.76B	—	—	Oct 31, 2018
2017	—	$1.75B	—	—	Oct 31, 2017
2015	$18.7B	$1.06B	15.6×	—	Oct 31, 2015
2014	—	$906M	—	—	Oct 31, 2014
2013	—	$953M	—	—	Oct 31, 2013
2012	—	$950M	—	—	Oct 31, 2012
2011	—	$1.2B	—	—	Oct 31, 2011
2010	$10.1B	$1.03B	7.5×	-6.4×	Oct 30, 2010
2009	$7.58B	$441M	13.9×	+7.6×	Oct 31, 2009
2008	$6.22B	$778M	6.3×	-5.8×	Nov 1, 2008
2007	$9.84B	$724M	12.1×	+0.8×	Nov 3, 2007
2006	$10.5B	$745M	11.3×	-3.5×	Oct 28, 2006
2005	$12.7B	$672M	14.8×	+0.2×	Oct 29, 2005
2004	$15.1B	$852M	14.6×	—	Oct 30, 2004
2003	—	$552M	—	—	Oct 31, 2003
2002	—	$356M	—	—	Oct 31, 2002


Super Micro Computer (SMCI)	10.8×
Adobe (ADBE)	10.6×
Dell Technologies (DELL)	10.6×
NetApp (NTAP)	10.5×
PTC (PTC)	10.2×
Qorvo (QRVO)	10.2×
GoDaddy (GDDY)	10.1×
Gartner (IT)	10.1×
QUALCOMM (QCOM)	9.9×
Ondas Holdings (ONDS)	9.9×
EPAM Systems (EPAM)	9.6×
Accenture (ACN)	9.4×
Science Applications International (SAIC)	9.2×
Skyworks Solutions (SWKS)	9.2×
Amkor Technology (AMKR)	8.7×
Gen Digital (GEN)	8.3×
First Solar (FSLR)	8.3×
Corpay (CPAY)	8.3×
Paycom Software (PAYC)	8.1×
Zoom Communications (ZM)	7.5×
Fiserv (FISV)	7.4×
Cognizant (CTSH)	7.1×
HP (HPQ)	6.4×
Fidelity National Information Services (FIS)	4.8×
IBM (IBM)	3.8×

EV/EBITDA for Analog Devices (ADI) 2004-2026

EV/EBITDA daily chart for Analog Devices (ADI)

Historical EV/EBITDA for Analog Devices (ADI) from 2002 to 2025

About EV/EBITDA at Analog Devices (ADI)

Analog Devices EV/EBITDA by Year

Analog Devices EV/EBITDA 2025: 23.9×

Analog Devices EV/EBITDA 2024: 27.9×

Analog Devices EV/EBITDA 2023: 13.9×

Analog Devices EV/EBITDA 2022: 14.2×

Analog Devices EV/EBITDA 2021: 34.3×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Analog Devices (ADI) Key Financials