Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Walt Disney Co., EBITDA calculation
US$ in millions
Based on: 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01).
| 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. | Walt Disney Co. EBITDA decreased from 2019 to 2020 but then slightly increased from 2020 to 2021. |
Enterprise Value to EBITDA Ratio, Current
Walt Disney Co., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 269,725 |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 9,218 |
| Valuation Ratio | |
| EV/EBITDA | 29.26 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Alphabet Inc. | 14.28 |
| Charter Communications Inc. | 8.72 |
| Comcast Corp. | 7.17 |
| Meta Platforms Inc. | 7.94 |
| Netflix Inc. | 6.31 |
| Twitter Inc. | 172.58 |
| EV/EBITDA, Sector | |
| Media & Entertainment | 11.37 |
| EV/EBITDA, Industry | |
| Communication Services | 9.57 |
Based on: 10-K (reporting date: 2021-10-02).
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
Walt Disney Co., historical EV/EBITDA calculation, comparison to benchmarks
| Oct 2, 2021 | Oct 3, 2020 | Sep 28, 2019 | Sep 29, 2018 | Sep 30, 2017 | Oct 1, 2016 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||||
| Enterprise value (EV)1 | 318,276 | 315,627 | 311,557 | 189,201 | 180,273 | 176,189 | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 9,218 | 5,249 | 19,350 | 18,422 | 17,077 | 17,749 | |
| Valuation Ratio | |||||||
| EV/EBITDA3 | 34.53 | 60.13 | 16.10 | 10.27 | 10.56 | 9.93 | |
| Benchmarks | |||||||
| EV/EBITDA, Competitors4 | |||||||
| Alphabet Inc. | 17.70 | 20.57 | 17.08 | 15.70 | 19.10 | — | |
| Charter Communications Inc. | 9.97 | 11.53 | 11.86 | 9.96 | 11.59 | — | |
| Comcast Corp. | 8.45 | 10.36 | 8.66 | 9.31 | 9.19 | — | |
| Meta Platforms Inc. | 10.85 | 17.31 | 17.76 | 14.64 | 21.98 | — | |
| Netflix Inc. | 9.51 | 16.57 | 13.35 | 16.21 | 18.19 | — | |
| Twitter Inc. | 145.33 | 89.29 | 26.38 | 20.47 | 54.02 | — | |
| EV/EBITDA, Sector | |||||||
| Media & Entertainment | 14.21 | 18.09 | 14.60 | 12.99 | 15.42 | — | |
| EV/EBITDA, Industry | |||||||
| Communication Services | 11.49 | 14.44 | 11.54 | 10.32 | 11.88 | — | |
Based on: 10-K (reporting date: 2021-10-02), 10-K (reporting date: 2020-10-03), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-10-01).
3 2021 Calculation
EV/EBITDA = EV ÷ EBITDA
= 318,276 ÷ 9,218 = 34.53
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. | Walt Disney Co. EV/EBITDA ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level. |