Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Comcast Corp., EBITDA calculation
US$ in millions
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Item | Description | The company |
|---|---|---|
| EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | Comcast Corp. EBITDA decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level. |
Enterprise Value to EBITDA Ratio, Current
Comcast Corp., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 251,226) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 38,901) |
| Valuation Ratio | |
| EV/EBITDA | 6.46 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Alphabet Inc. | 18.78 |
| Meta Platforms Inc. | 19.98 |
| Netflix Inc. | 11.54 |
| Walt Disney Co. | 20.12 |
| EV/EBITDA, Sector | |
| Media & Entertainment | 16.39 |
| EV/EBITDA, Industry | |
| Communication Services | 13.48 |
Based on: 10-K (reporting date: 2023-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Comcast Corp., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 276,248) | 259,262) | 314,153) | 329,110) | 298,836) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 38,901) | 27,001) | 37,178) | 31,753) | 34,516) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 7.10 | 9.60 | 8.45 | 10.36 | 8.66 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Alphabet Inc. | 17.01 | 14.66 | 18.08 | 20.84 | 17.39 | |
| Meta Platforms Inc. | 19.72 | 12.19 | 10.85 | 17.31 | 17.76 | |
| Netflix Inc. | 11.85 | 8.40 | 9.51 | 16.57 | 13.35 | |
| Walt Disney Co. | 17.34 | 17.80 | 34.53 | 60.13 | 16.10 | |
| EV/EBITDA, Sector | ||||||
| Media & Entertainment | 15.56 | 12.91 | 14.62 | 18.67 | 14.92 | |
| EV/EBITDA, Industry | ||||||
| Communication Services | 12.91 | 11.74 | 11.57 | 14.51 | 11.51 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 276,248 ÷ 38,901 = 7.10
4 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | Comcast Corp. EV/EBITDA ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023. |