ZM EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
ZM's ev/ebitda is lower than 95% of the last 10 years.
EV/EBITDA History
ZM EV/EBITDA by year
Yearly range of ZM’s ev/ebitda from 2019 to 2026. Over the full period it ranged from 5.8 to 2,028.3, averaging 274.6.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 5.8 | 12.7 | 23.1 | 6.6 |
| 2025 | 18.4 | 23.1 | 30.6 | 20.6 |
| 2024 | 18.6 | 27.9 | 62.3 | 28.0 |
| 2023 | 34.6 | 81.2 | 135.3 | 63.7 |
| 2022 | 26.7 | 36.3 | 49.6 | 35.8 |
| 2021 | 48.9 | 119.0 | 270.3 | 49.5 |
| 2020 | 231.2 | 943.3 | 2,028.3 | 231.2 |
| 2019 | 832.2 | 1,160.5 | 1,490.8 | 906.9 |
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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 ZM EV/EBITDA High or Low Right Now?
Zoom Communications, Inc.'s EV/EBITDA is currently 6.6, which is near historic low relative to its 10-year historical range. The 10-year median EV/EBITDA for ZM is approximately 48.4. See all ZM valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.