Netflix, Inc. NFLX
- Market cap
- $298.1B
- P/E
- 22.0×
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Netflix, Inc. (NFLX) EV/EBITDA
As of 25 September 2026, Netflix, Inc. (NFLX) trades at a EV/EBITDA of 9.4×. Over the past ten years it has ranged from 0.4× (January 2015) to 23.9× (June 2018); the current reading is higher than 17% of that period. That is in line with the Entertainment industry median of 9.7× and above the Communication Services sector median of 8.5×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 13.4× | (9.88%) |
| FY2024 | 14.9× | 49.42% |
| FY2023 | 9.9× | 42.56% |
| FY2022 | 7.0× | (52.84%) |
| FY2021 | 14.8× | (6.76%) |
| FY2020 | 15.9× | 24.93% |
| FY2019 | 12.7× | (4.90%) |
| FY2018 | 13.4× | 4.84% |
| FY2017 | 12.7× | 19.99% |
| FY2016 | 10.6× | (16.17%) |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 9.4× | (27.99%) |
| Mar 2026 | 13.1× | (2.27%) |
| Dec 2025 | 13.4× | (25.00%) |
| Sep 2025 | 17.9× | (12.69%) |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| FOX Fox Corporation compare | 7.0× |
| WBD Warner Bros. Discovery, Inc. compare | 7.6× |
| FOXA Fox Corporation compare | 7.7× |
| NFLX Netflix, Inc. | 9.4× |
| TKO TKO Group Holdings, Inc. compare | 10.9× |
| DIS The Walt Disney Company compare | 11.0× |
| LYV Live Nation Entertainment, Inc. compare | 24.9× |
| FWONA Liberty Media Corporation - Liberty Formula One Series A compare | 38.6× |
| FWONK Liberty Media Corporation - Liberty Formula One Series C compare | 42.0× |
| Entertainment industry median | 9.7× |
| Communication Services sector median | 8.5× |
| 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 NFLX
- 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