Question 1

What is Interactive Brokers's EV/EBITDA ratio?

Accepted Answer

Interactive Brokers (IBKR) EV/EBITDA ratio is -2.3× 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 Interactive Brokers?

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 Interactive Brokers specifically, the relevant sector benchmark is the current sector median of 10.2×.

Question 5

Is Interactive Brokers's EV/EBITDA ratio high or low?

Accepted Answer

Interactive Brokers's EV/EBITDA ratio of -2.3× is below its own 5-year average of 11.1× and below the sector median of 10.2×. That places the current reading at the 0th 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 Interactive Brokers's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Interactive Brokers (IBKR) EV/EBITDA ratio has ranged from a low of -2.3× in 2026 to a high of 33.9× in 2015. The 5-year average is 11.1× and the 5-year median is 10.6×.

Question 7

What was Interactive Brokers's EV/EBITDA ratio in 2025?

Accepted Answer

Interactive Brokers (IBKR) EV/EBITDA ratio at the end of 2025 was 11.7×. 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 Interactive Brokers'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	$111B	$9.09B	11.7×	+0.8×	Dec 31, 2025
2024	$74.6B	$7.99B	10.9×	+4.6×	Dec 31, 2024
2023	$34.4B	$6.6B	6.4×	-4.7×	Dec 31, 2023
2022	$28.9B	$3.11B	11.1×	-8.0×	Dec 31, 2022
2021	$30.5B	$2.09B	19.1×	+2.5×	Dec 31, 2021
2020	$20.6B	$1.59B	16.6×	+8.6×	Dec 31, 2020
2019	$13.9B	$1.86B	8.0×	-2.2×	Dec 31, 2019
2018	$16B	$1.71B	10.2×	-2.9×	Dec 31, 2018
2017	$16.4B	$1.32B	13.1×	-0.5×	Dec 31, 2017
2016	$9.68B	$891M	13.6×	-13.0×	Dec 31, 2016
2015	$11B	$569M	26.6×	+11.5×	Dec 31, 2015
2014	$7.39B	$619M	15.1×	+3.4×	Dec 31, 2014
2013	$4.99B	$542M	11.7×	+6.8×	Dec 31, 2013
2012	$2.53B	$623M	5.0×	+3.7×	Dec 31, 2012
2011	$2.64B	$846M	1.2×	-3.2×	Dec 31, 2011
2010	$2.75B	$426M	4.4×	+0.5×	Dec 31, 2010
2009	$2.74B	$635M	3.9×	+2.4×	Dec 31, 2009
2008	$2.71B	$1.6B	1.5×	-2.7×	Dec 31, 2008
2007	$5.02B	$1.5B	4.3×	-0.4×	Dec 31, 2007
2006	$4.86B	$1.26B	4.6×	—	Dec 31, 2006


Arch Capital Group (ACGL)	4.3×
M&T Bank (MTB)	3.8×
1st Source (SRCE)	3.5×
Allstate (ALL)	3.4×
Mercury General (MCY)	3.2×
AXIS Capital Holdings (AXS)	2.2×
Commerce Bancshares (CBSH)	2.2×
American International Group (AIG)	1.9×
United Bankshares (UBSI)	1.7×
Atlantic Union Bankshares (AUB)	1.1×
W. R. Berkley (WRB)	0.2×
KeyCorp (KEY)	-0.4×
Capital One Financial (COF)	-0.5×
Everest Group (EG)	-0.7×
Aflac (AFL)	-1.1×
Northern Trust (NTRS)	-2.6×
Regions Financial (RF)	-3.1×
Principal Financial Group (PFG)	-4.1×
Fifth Third Bank (FITB)	-4.4×
JPMorgan Chase (JPM)	-5.2×
BancFirst (BANF)	-5.5×
Wells Fargo (WFC)	-6.9×
Ames National (ATLO)	-16.7×
Apollo Global Management (APO)	-17.2×
MetLife (MET)	-46.3×

EV/EBITDA for Interactive Brokers (IBKR) 2006-2026

EV/EBITDA daily chart for Interactive Brokers (IBKR)

Historical EV/EBITDA for Interactive Brokers (IBKR) from 2006 to 2025

About EV/EBITDA at Interactive Brokers (IBKR)

Interactive Brokers EV/EBITDA by Year

Interactive Brokers EV/EBITDA 2025: 11.7×

Interactive Brokers EV/EBITDA 2024: 10.9×

Interactive Brokers EV/EBITDA 2023: 6.4×

Interactive Brokers EV/EBITDA 2022: 11.1×

Interactive Brokers EV/EBITDA 2021: 19.1×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Interactive Brokers (IBKR) Key Financials