JD EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
JD's ev/ebitda is lower than 83% of the last 10 years.
EV/EBITDA History
JD EV/EBITDA by year
Yearly range of JD’s ev/ebitda from 2017 to 2026. Over the full period it ranged from 5.4 to 3,807.0, averaging 175.3.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 5.9 | 8.5 | 11.1 | 8.3 |
| 2025 | 6.4 | 7.6 | 10.0 | 6.9 |
| 2024 | 5.4 | 7.6 | 11.2 | 7.6 |
| 2023 | 6.3 | 13.7 | 30.7 | 7.4 |
| 2022 | 33.7 | 1,278.8 | 3,807.0 | 49.2 |
| 2021 | 12.6 | 33.5 | 3,398.3 | 3,398.3 |
| 2020 | 16.7 | 40.6 | 90.9 | 16.7 |
| 2019 | 24.3 | 37.5 | 49.0 | 24.3 |
| 2018 | 41.5 | 98.6 | 159.0 | 46.6 |
| 2017 | 1,134.6 | 1,213.4 | 1,323.3 | 1,276.3 |
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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 JD EV/EBITDA High or Low Right Now?
JD.com, Inc.'s EV/EBITDA is currently 8.3, which is historically cheap relative to its 10-year historical range. The 10-year median EV/EBITDA for JD is approximately 21.8. See all JD valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.