Question 1

What is Nebius Group's EV/EBITDA ratio?

Accepted Answer

Nebius Group (NBIS) EV/EBITDA ratio is 48.4× 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 Nebius 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 Nebius Group specifically, the relevant sector benchmark is the current sector median of 20.3×.

Question 5

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

Accepted Answer

Nebius Group's EV/EBITDA ratio of 48.4× is above its own 5-year average of 33.7× and above the sector median of 20.3×. That places the current reading at the 18th 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 Nebius Group's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Nebius Group (NBIS) EV/EBITDA ratio has ranged from a low of 4.4× in 2023 to a high of 521.5× in 2012. The 5-year average is 33.7× and the 5-year median is 24.0×.

Question 7

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

Accepted Answer

Nebius Group (NBIS) EV/EBITDA ratio at the end of 2025 was 55.7×. 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 Nebius 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	$20.2B	$385M	55.7×	—	Dec 31, 2025
2024	$6.54B	-$72.5M	—	—	Dec 31, 2024
2023	$7.42B	-$96.7M	—	—	Dec 31, 2023
2022	$7.42B	$1.52B	5.0×	-36.1×	Dec 31, 2022
2021	$7.26B	$187M	41.2×	+28.5×	Dec 31, 2021
2020	$7.06B	$419M	12.7×	+3.5×	Dec 31, 2020
2019	$6.58B	$598M	9.2×	-2.4×	Dec 31, 2019
2018	$6.5B	$500M	11.6×	-2.8×	Dec 31, 2018
2017	$6.52B	$397M	14.3×	-3.0×	Dec 31, 2017
2016	$6.44B	$329M	17.4×	-6.0×	Dec 31, 2016
2015	$6.46B	$268M	23.3×	-4.9×	Dec 31, 2015
2014	$6.46B	$229M	28.2×	-354.4×	Dec 31, 2014
2013	$6.64B	$16M	382.6×	-97.5×	Dec 31, 2013
2012	$6.64B	$13M	480.1×	+295.0×	Dec 31, 2012
2011	$6.64B	$34.1M	185.1×	+37.9×	Dec 31, 2011
2010	$6.64B	$43.6M	147.2×	—	Dec 31, 2010


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EV/EBITDA for Nebius Group (NBIS) 2010-2026

EV/EBITDA daily chart for Nebius Group (NBIS)

Historical EV/EBITDA for Nebius Group (NBIS) from 2010 to 2025

About EV/EBITDA at Nebius Group (NBIS)

Nebius Group EV/EBITDA by Year

Nebius Group EV/EBITDA 2025: 55.7×

Nebius Group EV/EBITDA 2022: 5.0×

Nebius Group EV/EBITDA 2021: 41.2×

Nebius Group EV/EBITDA 2020: 12.7×

Nebius Group EV/EBITDA 2019: 9.2×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Nebius Group (NBIS) Key Financials