Microsoft Corporation MSFT

516.17 18.24 3.66% as of 25 Sep
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

Against its own ten years

Low 8.1× High 28.9×
Ten-year median 18.6×
Current reading's percentile 56

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)

The full definition of EV/EBITDA →

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