Question 1

What is Etsy's EV/EBITDA ratio?

Accepted Answer

Etsy (ETSY) EV/EBITDA ratio is 14.4× 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 Etsy?

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 Etsy specifically, the relevant sector benchmark is the current sector median of 14.3×.

Question 5

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

Accepted Answer

Etsy's EV/EBITDA ratio of 14.4× is below its own 5-year average of 25.4× and above the sector median of 14.3×. 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 Etsy's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Etsy (ETSY) EV/EBITDA ratio has ranged from a low of 10.7× in 2025 to a high of 367.7× in 2014. The 5-year average is 25.4× and the 5-year median is 21.4×.

Question 7

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

Accepted Answer

Etsy (ETSY) EV/EBITDA ratio at the end of 2025 was 14.1×. 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 Etsy'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	$5.44B	$494.76M	14.1×	+0.5×	Dec 31, 2025
2024	$6.08B	$544.92M	13.6×	-13.8×	Dec 31, 2024
2023	$9.69B	$398.19M	27.5×	—	Dec 31, 2023
2022	$15.05B	−$551.11M	—	—	Dec 31, 2022
2021	$27.84B	$545.66M	53.6×	+6.6×	Dec 31, 2021
2020	$22.41B	$465.92M	47.0×	+12.3×	Dec 31, 2020
2019	$5.25B	$153.00M	34.7×	-17.6×	Dec 31, 2019
2018	$5.72B	$104.00M	52.3×	+20.9×	Dec 31, 2018
2017	$2.49B	$70.59M	31.4×	-11.3×	Dec 31, 2017
2016	$1.36B	$26.85M	42.7×	—	Dec 31, 2016
2015	$922.46M	−$7.92M	—	—	Dec 31, 2015
2014	$2.81B	$7.55M	367.7×	+221.6×	Dec 31, 2014
2013	$988.30M	$6.39M	146.1×	—	Dec 31, 2013


Lennar (LEN)	12.5×
Packaging Corporation of America (PKG)	12.3×
Wynn Resorts (WYNN)	11.7×
General Motors (GM)	11.5×
Amcor (AMCR)	11.3×
Masco (MAS)	10.9×
NVR (NVR)	10.9×
Ball (BALL)	10.7×
D.R. Horton (DHI)	10.7×
Las Vegas Sands (LVS)	10.1×
Norwegian Cruise Line (NCLH)	9.9×
Carnival Corporation (CCL)	9.5×
Deckers Outdoor (DECK)	9.5×
LKQ (LKQ)	9.0×
Toll Brothers (TOL)	8.6×
PulteGroup (PHM)	8.1×
Expedia Group (EXPE)	8.0×
Leggett & Platt (LEG)	7.3×
Best Buy Co. (BBY)	6.8×
Weyco Group (WEYS)	6.6×
Sonoco Products (SON)	6.5×
Lululemon Athletica (LULU)	6.3×
Mohawk Industries (MHK)	4.9×
Smurfit Westrock (SW)	4.6×
PDD Holdings (PDD)	3.7×

EV/EBITDA for Etsy (ETSY)

EV/EBITDA daily chart for Etsy (ETSY)

Historical EV/EBITDA for Etsy (ETSY) from 2013 to 2025

About EV/EBITDA at Etsy (ETSY)

Etsy EV/EBITDA by Year

Etsy EV/EBITDA 2025: 14.1×

Etsy EV/EBITDA 2024: 13.6×

Etsy EV/EBITDA 2023: 27.5×

Etsy EV/EBITDA 2021: 53.6×

Etsy EV/EBITDA 2020: 47.0×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Etsy (ETSY) Key Financials

EV/EBITDA daily chart for Etsy (ETSY)

Historical EV/EBITDA for Etsy (ETSY) from 2013 to 2025

About EV/EBITDA at Etsy (ETSY)

Etsy EV/EBITDA by Year

Etsy EV/EBITDA 2025: 14.1×

Etsy EV/EBITDA 2024: 13.6×

Etsy EV/EBITDA 2023: 27.5×

Etsy EV/EBITDA 2021: 53.6×

Etsy EV/EBITDA 2020: 47.0×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Etsy'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 Etsy?

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

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

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

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

Etsy (ETSY) Key Financials