FLEX EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
FLEX's ev/ebitda is higher than 95% of the last 10 years.
EV/EBITDA History
FLEX EV/EBITDA by year
Yearly range of FLEX’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 4.5 to 33.5, averaging 9.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 13.7 | 21.4 | 33.5 | 23.1 |
| 2025 | 6.9 | 12.1 | 15.8 | 14.4 |
| 2024 | 7.2 | 12.2 | 15.9 | 13.1 |
| 2023 | 5.7 | 7.5 | 8.8 | 6.7 |
| 2022 | 5.8 | 6.8 | 8.1 | 7.6 |
| 2021 | 6.4 | 7.8 | 9.5 | 7.5 |
| 2020 | 4.5 | 7.2 | 9.2 | 8.8 |
| 2019 | 5.2 | 7.0 | 9.4 | 8.0 |
| 2018 | 4.8 | 7.6 | 9.6 | 5.2 |
| 2017 | 8.4 | 9.2 | 9.9 | 9.0 |
| 2016 | 7.4 | 8.4 | 8.9 | 8.6 |
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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 FLEX EV/EBITDA High or Low Right Now?
Flex Ltd.'s EV/EBITDA is currently 23.1, which is near historic high relative to its 10-year historical range. The 10-year median EV/EBITDA for FLEX is approximately 8.2. See all FLEX valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.