Question 1

What is Teradyne's EV/EBITDA ratio?

Accepted Answer

Teradyne (TER) EV/EBITDA ratio is 50.9× 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 Teradyne?

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 Teradyne specifically, the relevant sector benchmark is the current sector median of 19.5×.

Question 5

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

Accepted Answer

Teradyne's EV/EBITDA ratio of 50.9× is above its own 5-year average of 22.8× and above the sector median of 19.5×. That places the current reading at the 92th 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 Teradyne's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Teradyne (TER) EV/EBITDA ratio has ranged from a low of 3.0× in 2010 to a high of 1509.4× in 2005. The 5-year average is 22.8× and the 5-year median is 21.5×.

Question 7

What was Teradyne's EV/EBITDA ratio in 2025?

Accepted Answer

Teradyne (TER) EV/EBITDA ratio at the end of 2025 was 38.8×. 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 Teradyne'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	$30.28B	$780.14M	38.8×	+11.5×	Dec 31, 2025
2024	$20.46B	$732.41M	27.3×	+2.4×	Dec 31, 2024
2023	$16.58B	$640.26M	24.9×	+11.3×	Dec 31, 2023
2022	$13.61B	$954.78M	13.5×	-6.0×	Dec 31, 2022
2021	$26.62B	$1.30B	19.5×	+1.5×	Dec 31, 2021
2020	$19.91B	$1.05B	18.1×	+1.6×	Dec 31, 2020
2019	$11.41B	$669.16M	16.4×	+8.5×	Dec 31, 2019
2018	$5.62B	$612.29M	8.0×	-2.4×	Dec 31, 2018
2017	$8.17B	$654.15M	10.3×	-52.0×	Dec 31, 2017
2016	$5.10B	$68.59M	62.3×	+53.5×	Dec 31, 2016
2015	$4.24B	$395.77M	8.8×	-4.7×	Dec 31, 2015
2014	$4.29B	$254.95M	13.6×	+5.9×	Dec 31, 2014
2013	$3.37B	$343.43M	7.7×	+1.8×	Dec 31, 2013
2012	$3.17B	$435.83M	5.9×	—	Dec 31, 2012
2011	—	$350.92M	—	—	Dec 31, 2011
2010	$2.59B	$517.75M	3.7×	—	Dec 31, 2010
2009	$1.90B	−$12.92M	—	—	Dec 31, 2009
2008	$714.02M	−$268.19M	—	—	Dec 31, 2008
2007	$1.80B	$125.74M	9.2×	-0.1×	Dec 31, 2007
2006	$2.83B	$238.76M	9.3×	-1500.1×	Dec 31, 2006
2005	$2.89B	$1.65M	1509.4×	+1498.5×	Dec 31, 2005
2004	$3.34B	$318.47M	10.9×	-96.1×	Dec 31, 2004
2003	$4.93B	$47.32M	106.9×	—	Dec 31, 2003
2002	$2.38B	−$192.98M	—	—	Dec 31, 2002
2001	$5.40B	−$113.18M	—	—	Dec 31, 2001


Zebra Technologies (ZBRA)	12.6×
Micron Technology (MU)	12.5×
NXP Semiconductors (NXPI)	12.3×
Block (XYZ)	11.9×
Qorvo (QRVO)	11.3×
Broadridge Financial Solutions (BR)	11.1×
Adobe (ADBE)	10.9×
Super Micro Computer (SMCI)	10.8×
CDW (CDW)	10.8×
QUALCOMM (QCOM)	10.6×
Accenture (ACN)	10.5×
NetApp (NTAP)	10.5×
Amkor Technology (AMKR)	10.3×
GoDaddy (GDDY)	10.2×
Block (SQ)	10.0×
EPAM Systems (EPAM)	9.6×
Science Applications International (SAIC)	9.4×
Skyworks Solutions (SWKS)	9.2×
Corpay (CPAY)	8.5×
Paycom Software (PAYC)	8.2×
Gen Digital (GEN)	7.4×
Cognizant (CTSH)	7.2×
Fidelity National Information Services (FIS)	7.0×
Fiserv (FISV)	6.9×
HP (HPQ)	6.4×

EV/EBITDA for Teradyne (TER)

EV/EBITDA daily chart for Teradyne (TER)

Historical EV/EBITDA for Teradyne (TER) from 2001 to 2025

About EV/EBITDA at Teradyne (TER)

Teradyne EV/EBITDA by Year

Teradyne EV/EBITDA 2025: 38.8×

Teradyne EV/EBITDA 2024: 27.3×

Teradyne EV/EBITDA 2023: 24.9×

Teradyne EV/EBITDA 2022: 13.5×

Teradyne EV/EBITDA 2021: 19.5×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Teradyne (TER) Key Financials

EV/EBITDA daily chart for Teradyne (TER)

Historical EV/EBITDA for Teradyne (TER) from 2001 to 2025

About EV/EBITDA at Teradyne (TER)

Teradyne EV/EBITDA by Year

Teradyne EV/EBITDA 2025: 38.8×

Teradyne EV/EBITDA 2024: 27.3×

Teradyne EV/EBITDA 2023: 24.9×

Teradyne EV/EBITDA 2022: 13.5×

Teradyne EV/EBITDA 2021: 19.5×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Teradyne'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 Teradyne?

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

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

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

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

Teradyne (TER) Key Financials