Question 1

What is Flex's EV/EBITDA ratio?

Accepted Answer

Flex (FLEX) EV/EBITDA ratio is 19.1× as of July 29, 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 Flex?

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 Flex specifically, the relevant sector benchmark is the current sector median of 21.4×.

Question 5

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

Accepted Answer

Flex's EV/EBITDA ratio of 19.1× is above its own 5-year average of 9.3× and below the sector median of 21.4×. That places the current reading at the 95th 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 Flex's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Flex (FLEX) EV/EBITDA ratio has ranged from a low of 4.0× in 2012 to a high of 32.5× in 2026. The 5-year average is 9.3× and the 5-year median is 8.3×.

Question 7

What was Flex's EV/EBITDA ratio in 2026?

Accepted Answer

Flex (FLEX) EV/EBITDA ratio at the end of 2026 was 13.7×. 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 Flex'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.


2026	$24.5B	$1.93B	13.7×	+5.4×	Mar 31, 2026
2025	$12.9B	$1.78B	8.3×	-4.1×	Mar 31, 2025
2024	$12B	$1.08B	12.4×	+5.7×	Mar 31, 2024
2023	$10.4B	$1.71B	6.7×	+0.5×	Mar 31, 2023
2022	$8.55B	$1.68B	6.1×	-2.0×	Mar 31, 2022
2021	$9.35B	$1.36B	8.1×	+2.8×	Mar 31, 2021
2020	$4.2B	$1.07B	5.3×	-1.0×	Mar 31, 2020
2019	$5.38B	$1.06B	6.3×	-2.1×	Mar 31, 2019
2018	$8.62B	$1.2B	8.4×	-1.1×	Mar 31, 2018
2017	$9.12B	$1.08B	9.5×	+2.0×	Mar 31, 2017
2016	$6.73B	$1.05B	7.5×	+1.2×	Mar 31, 2016
2015	$7.45B	$1.26B	6.3×	-0.3×	Mar 31, 2015
2014	$5.53B	$924M	6.5×	+1.5×	Mar 31, 2014
2013	$4.32B	$951M	5.0×	+0.1×	Mar 31, 2013
2012	$4.95B	$1.13B	5.0×	-0.3×	Mar 31, 2012
2011	$5.68B	$1.16B	5.3×	-2.6×	Mar 31, 2011
2010	$6.37B	$846M	7.9×	—	Mar 31, 2010
2009	$2.34B	-$11.2B	—	—	Mar 31, 2009
2008	$7.78B	$1.32B	7.2×	-1.3×	Mar 31, 2008
2007	$6.45B	$851M	8.5×	-11.5×	Mar 31, 2007
2006	$5.95B	$330M	20.0×	+10.9×	Mar 31, 2006
2005	$6.77B	$845M	9.0×	-1.4×	Mar 31, 2005
2004	$9.01B	$966M	10.5×	-8.6×	Mar 31, 2004
2003	$4.52B	$272M	19.1×	-2.9×	Mar 31, 2003
2002	$9.21B	$436M	22.1×	—	Mar 31, 2002


Jack Henry & Associates (JKHY)	12.9×
Trade Desk (TTD)	12.5×
CDW (CDW)	11.4×
Broadridge Financial Solutions (BR)	11.1×
Leidos Holdings (LDOS)	11.0×
SAP (SAP)	10.9×
Super Micro Computer (SMCI)	10.8×
Roper Technologies (ROP)	10.7×
Adobe (ADBE)	10.6×
Dell Technologies (DELL)	10.6×
NetApp (NTAP)	10.5×
GoDaddy (GDDY)	10.1×
Ondas Holdings (ONDS)	9.9×
EPAM Systems (EPAM)	9.6×
Accenture (ACN)	9.4×
Science Applications International (SAIC)	9.2×
Gen Digital (GEN)	8.3×
First Solar (FSLR)	8.3×
Corpay (CPAY)	8.3×
Paycom Software (PAYC)	8.1×
Zoom Communications (ZM)	7.5×
Fiserv (FISV)	7.4×
HP (HPQ)	6.4×
Fidelity National Information Services (FIS)	4.8×
Amkor Technology (AMKR)	0.0×

EV/EBITDA for Flex (FLEX) 2002-2026

EV/EBITDA daily chart for Flex (FLEX)

Historical EV/EBITDA for Flex (FLEX) from 2002 to 2026

About EV/EBITDA at Flex (FLEX)

Flex EV/EBITDA by Year

Flex EV/EBITDA 2026: 13.7×

Flex EV/EBITDA 2025: 8.3×

Flex EV/EBITDA 2024: 12.4×

Flex EV/EBITDA 2023: 6.7×

Flex EV/EBITDA 2022: 6.1×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Flex (FLEX) Key Financials