Question 1

What is Expedia Group's EV/EBITDA ratio?

Accepted Answer

Expedia Group (EXPE) EV/EBITDA ratio is 8.0× 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 Expedia Group?

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

Question 5

Is Expedia Group's EV/EBITDA ratio high or low?

Accepted Answer

Expedia Group's EV/EBITDA ratio of 8.0× is below its own 5-year average of 14.3× and below the sector median of 14.3×. That places the current reading at the 8th 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 Expedia Group's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Expedia Group (EXPE) EV/EBITDA ratio has ranged from a low of 2.9× in 2010 to a high of 96.8× in 2022. The 5-year average is 14.3× and the 5-year median is 9.1×.

Question 7

What was Expedia Group's EV/EBITDA ratio in 2025?

Accepted Answer

Expedia Group (EXPE) EV/EBITDA ratio at the end of 2025 was 12.3×. 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 Expedia Group'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	$34.77B	$2.78B	12.3×	+2.2×	Dec 31, 2025
2024	$24.49B	$2.63B	10.1×	-1.1×	Dec 31, 2024
2023	$20.97B	$2.07B	11.3×	+1.3×	Dec 31, 2023
2022	$13.61B	$1.61B	10.0×	-18.6×	Dec 31, 2022
2021	$27.75B	$1.13B	28.6×	—	Dec 31, 2021
2020	$18.86B	−$1.72B	—	—	Dec 31, 2020
2019	$15.64B	$1.68B	10.3×	-0.4×	Dec 31, 2019
2018	$16.73B	$1.68B	10.7×	-3.1×	Dec 31, 2018
2017	$18.24B	$1.38B	13.8×	-0.3×	Dec 31, 2017
2016	$17.06B	$1.30B	14.1×	-4.5×	Dec 31, 2016
2015	$15.90B	$932.70M	18.6×	+6.6×	Dec 31, 2015
2014	$10.90B	$908.16M	12.0×	-1.4×	Dec 31, 2014
2013	$9.15B	$678.40M	13.3×	+1.3×	Dec 31, 2013
2012	$8.30B	$633.80M	12.0×	+4.1×	Dec 31, 2012
2011	$3.88B	$481.00M	7.9×	+3.5×	Dec 31, 2011
2010	$3.46B	$877.38M	4.4×	-1.2×	Dec 31, 2010
2009	$3.71B	$697.71M	5.6×	—	Dec 31, 2009
2008	$1.18B	−$2.24B	—	—	Dec 31, 2008
2007	$4.49B	$582.07M	8.5×	+0.9×	Dec 31, 2007
2006	$3.46B	$410.98M	7.6×	-0.6×	Dec 31, 2006
2005	$4.03B	$487.92M	8.1×	—	Dec 31, 2005


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×
Etsy (ETSY)	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 Expedia Group (EXPE)

EV/EBITDA daily chart for Expedia Group (EXPE)

Historical EV/EBITDA for Expedia Group (EXPE) from 2005 to 2025

About EV/EBITDA at Expedia Group (EXPE)

Expedia Group EV/EBITDA by Year

Expedia Group EV/EBITDA 2025: 12.3×

Expedia Group EV/EBITDA 2024: 10.1×

Expedia Group EV/EBITDA 2023: 11.3×

Expedia Group EV/EBITDA 2022: 10.0×

Expedia Group EV/EBITDA 2021: 28.6×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Expedia Group (EXPE) Key Financials

EV/EBITDA daily chart for Expedia Group (EXPE)

Historical EV/EBITDA for Expedia Group (EXPE) from 2005 to 2025

About EV/EBITDA at Expedia Group (EXPE)

Expedia Group EV/EBITDA by Year

Expedia Group EV/EBITDA 2025: 12.3×

Expedia Group EV/EBITDA 2024: 10.1×

Expedia Group EV/EBITDA 2023: 11.3×

Expedia Group EV/EBITDA 2022: 10.0×

Expedia Group EV/EBITDA 2021: 28.6×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Expedia Group'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 Expedia Group?

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

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

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

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

Expedia Group (EXPE) Key Financials