Question 1

What is Ondas Holdings's EV/EBITDA ratio?

Accepted Answer

Ondas Holdings (ONDS) EV/EBITDA ratio is 8.6× as of July 27, 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 Ondas Holdings?

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 Ondas Holdings specifically, the relevant sector benchmark is the current sector median of 20.3×.

Question 5

Is Ondas Holdings's EV/EBITDA ratio high or low?

Accepted Answer

Ondas Holdings's EV/EBITDA ratio of 8.6× is below its own 5-year average of 9.9× and below the sector median of 20.3×. That places the current reading at the 43th 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 Ondas Holdings's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Ondas Holdings (ONDS) EV/EBITDA ratio has ranged from a low of 6.0× in 2026 to a high of 18.5× in 2026. The 5-year average is 9.9× and the 5-year median is 9.9×.

Question 7

Why does Ondas Holdings'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	$3.72B	-$118M	—	—	Dec 31, 2025
2024	$205M	-$28.7M	—	—	Dec 31, 2024
2023	$87.2M	-$32.9M	—	—	Dec 31, 2023
2022	$70.1M	-$45.4M	—	—	Dec 31, 2022
2021	$194M	-$15.6M	—	—	Dec 31, 2021
2020	$184M	-$11.1M	—	—	Dec 31, 2020
2019	$238M	-$16.3M	—	—	Dec 31, 2019
2018	$303M	-$10.3M	—	—	Dec 31, 2018
2017	$259M	-$886K	—	—	Dec 31, 2017
2016	$259M	-$37.3K	—	—	Dec 31, 2016
2015	$259M	-$772K	—	—	Dec 31, 2015


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EV/EBITDA for Ondas Holdings (ONDS)

EV/EBITDA daily chart for Ondas Holdings (ONDS)

Historical EV/EBITDA for Ondas Holdings (ONDS) from 2015 to 2025

About EV/EBITDA at Ondas Holdings (ONDS)

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Ondas Holdings (ONDS) Key Financials