Microsoft Corporation MSFT
- Market cap
- $3.68T
- P/E
- 28.7×
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Microsoft Corporation (MSFT) EV/EBITDA
As of 25 September 2026, Microsoft Corporation (MSFT) trades at a EV/EBITDA of 19.6×. Over the past ten years it has ranged from 8.1× (April 2015) to 28.9× (November 2021); the current reading is higher than 56% of that period. That is above the Software Infrastructure industry median of 14.9× and above the Technology sector median of 15.7×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2026 | 14.1× | (38.86%) |
| FY2025 | 23.1× | (10.70%) |
| FY2024 | 25.8× | 7.06% |
| FY2023 | 24.1× | 26.30% |
| FY2022 | 19.1× | (20.92%) |
| FY2021 | 24.2× | 7.71% |
| FY2020 | 22.4× | 25.19% |
| FY2019 | 17.9× | 14.00% |
| FY2018 | 15.7× | 22.01% |
| FY2017 | 12.9× | 24.23% |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 14.1× | (3.28%) |
| Mar 2026 | 14.6× | (27.16%) |
| Dec 2025 | 20.0× | (9.62%) |
| Sep 2025 | 22.2× | (3.97%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| NET Cloudflare, Inc. compare | n/m |
| ORCL Oracle Corporation compare | 14.4× |
| MSFT Microsoft Corporation | 19.6× |
| SNPS Synopsys, Inc. compare | 32.3× |
| FTNT Fortinet, Inc. compare | 42.1× |
| PANW Palo Alto Networks, Inc. compare | 129× |
| PLTR Palantir Technologies Inc. compare | 167× |
| CRWD CrowdStrike compare | 391× |
| NBIS Nebius Group N.V. compare | 472× |
| Software Infrastructure industry median | 14.9× |
| Technology sector median | 15.7× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on MSFT
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement