Question 1

What is CoreWeave's EV/EBITDA ratio?

Accepted Answer

CoreWeave (CRWV) EV/EBITDA ratio is 24.8× 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 CoreWeave?

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 CoreWeave specifically, the relevant sector benchmark is the current sector median of 20.3×.

Question 5

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

Accepted Answer

CoreWeave's EV/EBITDA ratio of 24.8× is below its own 5-year average of 37.7× and above the sector median of 20.3×. That places the current reading at the 12th 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 CoreWeave's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, CoreWeave (CRWV) EV/EBITDA ratio has ranged from a low of 22.2× in 2025 to a high of 93.0× in 2025. The 5-year average is 37.7× and the 5-year median is 33.3×.

Question 7

What was CoreWeave's EV/EBITDA ratio in 2025?

Accepted Answer

CoreWeave (CRWV) EV/EBITDA ratio at the end of 2025 was 23.1×. 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 CoreWeave'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	$31.2B	$2.47B	23.1×	-29.9×	Dec 31, 2025
2024	$16.2B	$480M	53.0×	—	Dec 31, 2024


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EV/EBITDA for CoreWeave (CRWV) 2024-2026

EV/EBITDA daily chart for CoreWeave (CRWV)

Historical EV/EBITDA for CoreWeave (CRWV) from 2024 to 2025

About EV/EBITDA at CoreWeave (CRWV)

CoreWeave EV/EBITDA by Year

CoreWeave EV/EBITDA 2025: 23.1×

CoreWeave EV/EBITDA 2024: 53.0×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

CoreWeave (CRWV) Key Financials