Question 1

What is AXT's EV/EBITDA ratio?

Accepted Answer

AXT (AXTI) EV/EBITDA ratio is 55.3× as of March 13, 2025. 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 AXT?

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 AXT specifically, the relevant sector benchmark is the current sector median of 19.8×.

Question 5

Is AXT's EV/EBITDA ratio high or low?

Accepted Answer

AXT's EV/EBITDA ratio of 55.3× is above its own 5-year average of 18.1× and above the sector median of 19.8×. That places the current reading at the 90th 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 AXT's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, AXT (AXTI) EV/EBITDA ratio has ranged from a low of 1.1× in 2003 to a high of 75.2× in 2025. The 5-year average is 18.1× and the 5-year median is 12.2×.

Question 7

What was AXT's EV/EBITDA ratio in 2022?

Accepted Answer

AXT (AXTI) EV/EBITDA ratio at the end of 2022 was 6.3×. 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 AXT'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	$731.16M	−$12.87M	—	—	Dec 31, 2025
2024	$94.14M	−$338.00K	—	—	Dec 31, 2024
2023	$102.84M	−$8.78M	—	—	Dec 31, 2023
2022	$185.64M	$30.12M	6.3×	-7.4×	Dec 31, 2022
2021	$367.89M	$24.93M	13.7×	-14.7×	Dec 31, 2021
2020	$389.29M	$11.58M	28.5×	+4.4×	Dec 31, 2020
2019	$172.42M	$6.03M	24.0×	+16.3×	Dec 31, 2019
2018	$170.51M	$17.02M	7.7×	-8.2×	Dec 31, 2018
2017	$337.26M	$17.06M	16.0×	+6.6×	Dec 31, 2017
2016	$155.67M	$11.52M	9.4×	-62.8×	Dec 31, 2016
2015	$79.24M	$595.00K	72.1×	+58.6×	Dec 31, 2015
2014	$91.16M	$3.69M	13.5×	—	Dec 31, 2014
2013	$85.16M	−$2.19M	—	—	Dec 31, 2013
2012	$90.54M	$8.05M	6.2×	+2.5×	Dec 31, 2012
2011	$133.58M	$28.37M	3.6×	-10.8×	Dec 31, 2011
2010	$331.14M	$20.98M	14.4×	-57.1×	Dec 31, 2010
2009	$99.91M	$909.00K	71.5×	+60.9×	Dec 31, 2009
2008	$41.00M	$1.25M	10.6×	-18.8×	Dec 31, 2008
2007	$188.28M	$5.30M	29.4×	—	Dec 31, 2007
2006	$140.65M	−$1.38M	—	—	Dec 31, 2006
2005	$49.15M	−$8.54M	—	—	Dec 31, 2005
2004	$36.53M	−$8.32M	—	—	Dec 31, 2004
2003	$71.35M	−$5.00M	—	—	Dec 31, 2003
2002	$40.33M	−$5.21M	—	—	Dec 31, 2002


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Block (XYZ)	11.9×
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Broadridge Financial Solutions (BR)	11.1×
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CDW (CDW)	10.8×
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Accenture (ACN)	10.5×
Amkor Technology (AMKR)	10.3×
GoDaddy (GDDY)	10.2×
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EPAM Systems (EPAM)	9.6×
Science Applications International (SAIC)	9.4×
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Fiserv (FISV)	6.9×
HP (HPQ)	6.4×
Optical Cable (OCC)	-0.0×

EV/EBITDA for AXT (AXTI)

EV/EBITDA daily chart for AXT (AXTI)

Historical EV/EBITDA for AXT (AXTI) from 2002 to 2025

About EV/EBITDA at AXT (AXTI)

AXT EV/EBITDA by Year

AXT EV/EBITDA 2022: 6.3×

AXT EV/EBITDA 2021: 13.7×

AXT EV/EBITDA 2020: 28.5×

AXT EV/EBITDA 2019: 24.0×

AXT EV/EBITDA 2018: 7.7×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

AXT (AXTI) Key Financials

EV/EBITDA daily chart for AXT (AXTI)

Historical EV/EBITDA for AXT (AXTI) from 2002 to 2025

About EV/EBITDA at AXT (AXTI)

AXT EV/EBITDA by Year

AXT EV/EBITDA 2022: 6.3×

AXT EV/EBITDA 2021: 13.7×

AXT EV/EBITDA 2020: 28.5×

AXT EV/EBITDA 2019: 24.0×

AXT EV/EBITDA 2018: 7.7×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is AXT's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for AXT?

+Is AXT's EV/EBITDA ratio high or low?

+What is AXT's historical EV/EBITDA ratio range?

+What was AXT's EV/EBITDA ratio in 2022?

+Why does AXT's EV/EBITDA ratio change over time?

AXT (AXTI) Key Financials