Zebra Technologies Corporation ZBRA

370.04 4.94 1.35% as of 25 Sep
Market cap
$17.3B
P/E
33.6×
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Zebra Technologies Corporation (ZBRA) EV/EBITDA

As of 25 September 2026, Zebra Technologies Corporation (ZBRA) trades at a EV/EBITDA of 18.1×. Over the past ten years it has ranged from 11.4× (March 2020) to 43.2× (February 2015); the current reading is higher than 55% of that period. That is above the Communication Equipment industry median of 13.8× and above the Technology sector median of 15.7×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 15.8× (31.64%)
FY2024 23.1× (4.05%)
FY2023 24.1× 14.08%
FY2022 21.1× (24.05%)
FY2021 27.8× 3.06%
FY2020 27.0× 56.85%
FY2019 17.2× 36.71%
FY2018 12.6× 2.43%
FY2017 12.3× (16.92%)
FY2016 14.8× (13.37%)

Quarterly

Period EV/EBITDA Change
Jun 2026 13.6× 2.52%
Mar 2026 13.2× (16.28%)
Dec 2025 15.8× (6.90%)
Sep 2025 17.0× (3.55%)
42 more quarters

Against its own ten years

Low 11.4× High 43.2×
Ten-year median 17.2×
Current reading's percentile 55

EV/EBITDA against peers

Company EV/EBITDA
ASTS AST SpaceMobile, Inc. compare n/m
AAOI Applied Optoelectronics, Inc. compare n/m
ERIC Ericsson compare 6.7×
VSAT Viasat Inc. compare 10.3×
ZBRA Zebra Technologies Corporation 18.1×
NOK Nokia Corporation compare 26.1×
UI Ubiquiti Inc. compare 28.0×
CIEN Ciena Corporation compare 56.1×
VIAV Viavi Solutions Inc. compare 57.9×
Communication Equipment industry median 13.8×
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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