ADI EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
ADI's ev/ebitda is higher than 95% of the last 10 years.
EV/EBITDA History
ADI EV/EBITDA by year
Yearly range of ADI’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 13.0 to 37.5, averaging 22.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 25.7 | 30.6 | 37.0 | 31.2 |
| 2025 | 21.2 | 26.7 | 30.8 | 27.8 |
| 2024 | 16.2 | 23.6 | 29.1 | 26.6 |
| 2023 | 13.0 | 15.3 | 17.5 | 17.3 |
| 2022 | 13.6 | 24.0 | 35.3 | 16.0 |
| 2021 | 21.7 | 26.2 | 37.5 | 35.0 |
| 2020 | 15.1 | 21.1 | 25.5 | 25.5 |
| 2019 | 15.0 | 17.2 | 19.6 | 19.4 |
| 2018 | 13.1 | 17.4 | 20.2 | 13.8 |
| 2017 | 19.0 | 25.5 | 30.3 | 24.5 |
| 2016 | 20.3 | 22.4 | 23.7 | 23.1 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is ADI EV/EBITDA High or Low Right Now?
Analog Devices, Inc.'s EV/EBITDA is currently 31.2, which is near historic high relative to its 10-year historical range. The 10-year median EV/EBITDA for ADI is approximately 22.7. See all ADI valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.