Question 1

What is Cognizant's EV/EBITDA ratio?

Accepted Answer

Cognizant (CTSH) EV/EBITDA ratio is 6.2× as of June 5, 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 Cognizant?

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 Cognizant specifically, the relevant sector benchmark is the current sector median of 19.5×.

Question 5

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

Accepted Answer

Cognizant's EV/EBITDA ratio of 6.2× is below its own 5-year average of 10.0× and below the sector median of 19.5×. That places the current reading at the 2th 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 Cognizant's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Cognizant (CTSH) EV/EBITDA ratio has ranged from a low of 5.4× in 2026 to a high of 39.7× in 2004. The 5-year average is 10.0× and the 5-year median is 9.9×.

Question 7

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

Accepted Answer

Cognizant (CTSH) EV/EBITDA ratio at the end of 2025 was 9.7×. 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 Cognizant'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	$39.92B	$4.07B	9.7×	-0.8×	Dec 31, 2025
2024	$38.14B	$3.53B	10.6×	-0.2×	Dec 31, 2024
2023	$37.77B	$3.38B	10.8×	+2.9×	Dec 31, 2023
2022	$29.28B	$3.60B	7.9×	-5.5×	Dec 31, 2022
2021	$46.58B	$3.41B	13.3×	-2.6×	Dec 31, 2021
2020	$43.68B	$2.68B	15.9×	+5.5×	Dec 31, 2020
2019	$33.92B	$3.10B	10.4×	+0.5×	Dec 31, 2019
2018	$36.69B	$3.32B	9.9×	-2.2×	Dec 31, 2018
2017	$41.83B	$3.12B	12.1×	+1.3×	Dec 31, 2017
2016	$34.01B	$2.76B	10.8×	-2.3×	Dec 31, 2016
2015	$36.50B	$2.51B	13.1×	-0.7×	Dec 31, 2015
2014	$32.06B	$2.17B	13.8×	-0.6×	Dec 31, 2014
2013	$30.58B	$1.86B	14.4×	+1.7×	Dec 31, 2013
2012	$22.20B	$1.52B	12.7×	-0.8×	Dec 31, 2012
2011	$19.45B	$1.26B	13.5×	-7.1×	Dec 31, 2011
2010	$22.25B	$972.02M	20.6×	+3.6×	Dec 31, 2010
2009	$13.40B	$707.86M	17.0×	+9.4×	Dec 31, 2009
2008	$5.26B	$591.47M	7.6×	-13.3×	Dec 31, 2008
2007	$9.78B	$435.44M	20.9×	-14.3×	Dec 31, 2007
2006	$10.96B	$293.11M	35.2×	+2.3×	Dec 31, 2006
2005	$6.97B	$199.02M	32.9×	-6.8×	Dec 31, 2005
2004	$5.64B	$134.07M	39.7×	+8.1×	Dec 31, 2004
2003	$2.92B	$86.26M	31.6×	+6.6×	Dec 31, 2003
2002	$1.45B	$53.04M	25.0×	+8.1×	Dec 31, 2002
2001	$794.74M	$41.99M	16.9×	—	Dec 31, 2001


SAP (SAP)	13.1×
Zebra Technologies (ZBRA)	12.6×
Micron Technology (MU)	12.5×
NXP Semiconductors (NXPI)	12.3×
Block (XYZ)	11.9×
Qorvo (QRVO)	11.3×
Broadridge Financial Solutions (BR)	11.1×
Adobe (ADBE)	10.9×
Super Micro Computer (SMCI)	10.8×
CDW (CDW)	10.8×
QUALCOMM (QCOM)	10.6×
Accenture (ACN)	10.5×
NetApp (NTAP)	10.5×
Amkor Technology (AMKR)	10.3×
GoDaddy (GDDY)	10.2×
Block (SQ)	10.0×
EPAM Systems (EPAM)	9.6×
Science Applications International (SAIC)	9.4×
Skyworks Solutions (SWKS)	9.2×
Corpay (CPAY)	8.5×
Paycom Software (PAYC)	8.2×
Gen Digital (GEN)	7.4×
Fidelity National Information Services (FIS)	7.0×
Fiserv (FISV)	6.9×
HP (HPQ)	6.4×

EV/EBITDA for Cognizant (CTSH)

EV/EBITDA daily chart for Cognizant (CTSH)

Historical EV/EBITDA for Cognizant (CTSH) from 2001 to 2025

About EV/EBITDA at Cognizant (CTSH)

Cognizant EV/EBITDA by Year

Cognizant EV/EBITDA 2025: 9.7×

Cognizant EV/EBITDA 2024: 10.6×

Cognizant EV/EBITDA 2023: 10.8×

Cognizant EV/EBITDA 2022: 7.9×

Cognizant EV/EBITDA 2021: 13.3×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Cognizant (CTSH) Key Financials

EV/EBITDA daily chart for Cognizant (CTSH)

Historical EV/EBITDA for Cognizant (CTSH) from 2001 to 2025

About EV/EBITDA at Cognizant (CTSH)

Cognizant EV/EBITDA by Year

Cognizant EV/EBITDA 2025: 9.7×

Cognizant EV/EBITDA 2024: 10.6×

Cognizant EV/EBITDA 2023: 10.8×

Cognizant EV/EBITDA 2022: 7.9×

Cognizant EV/EBITDA 2021: 13.3×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Cognizant'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 Cognizant?

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

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

+What was Cognizant's EV/EBITDA ratio in 2025?

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

Cognizant (CTSH) Key Financials