Zebra Technologies Corporation ZBRA
- 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 | Free account |
Against its own ten years
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)
More on ZBRA
- 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