EV/EBITDA for Toast (TOST) 2024-2026

Toast (TOST) EV/EBITDA ratio is 37.4× as of July 31, 2026. The 5-year average is 98.7×. The sector median currently stands at 21.4×. The current ratio is at the 20th percentile of its own 10-year history.

Toast (TOST) historical EV/EBITDA ratio has ranged from a low of 24.7× (2026) to a high of 400.9× (2024) in the available daily series.

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.