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What is Clearwater Analytics Holdings EV-to-EBITDA?
Clearwater Analytics HoldingsCWAN 60 EV-to-EBITDA is 75.18 as of Aug. 14, 2026, which is 19% below its 10-year median of 92.40. GuruFocus rates CWAN with a GF Score™ of 60/100 and a GF Value™ of $32.49 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,958 Software companies, Clearwater Analytics Holdings ranks worse than 91.22% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Clearwater Analytics Holdings's enterprise value is $8,087.9 Mil.
Clearwater Analytics Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $107.6 Mil. Therefore, Clearwater Analytics Holdings's EV-to-EBITDA for today is 75.18.
The historical rank and industry rank for Clearwater Analytics Holdings's EV-to-EBITDA or its related term are showing as below:
CWAN'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -11499.38 Med: 92.4 Max: 756.55
Current: 75.18
During the past 7 years, the highest EV-to-EBITDA of Clearwater Analytics Holdings was 756.55. The lowest was -11499.38. And the median was 92.40.
CWAN's EV-to-EBITDA is ranked worse than 91.22% of 1958
companies
in the Software industry
Industry Median: 10.565
vs CWAN: 75.18
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Clearwater Analytics Holdings's PE Ratio (TTM) for today is calculated as:
Clearwater Analytics Holdings's share price for today is $24.56.
Clearwater Analytics Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.180.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Software - Application subindustry, Clearwater Analytics Holdings's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Clearwater Analytics Holdings EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Clearwater Analytics Holdings's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Clearwater Analytics Holdings's EV-to-EBITDA falls into.
Clearwater Analytics Holdings's current Enterprise Value is $8,087.9 Mil.
Clearwater Analytics Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $107.6 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Clearwater Analytics Holdings (CWAN) has a EV-to-EBITDA of 75.18 as of Aug. 14, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Clearwater Analytics Holdings. This is 19% below median its historical median of 92.40. According to the industry distribution chart, Clearwater Analytics Holdings ranks #1786 out of 1958 companies in the Software industry, placing it in the top 91.2%.
Is Clearwater Analytics Holdings' EV-to-EBITDA too high?
Clearwater Analytics Holdings' current EV-to-EBITDA of 75.18 is 19% below median its 10-year median of 92.40. The Software industry median EV-to-EBITDA is 10.57. Clearwater Analytics Holdings' value of 75.18 is 611.6% above this industry median. Based on the distribution chart, Clearwater Analytics Holdings ranks #1786 out of 1958 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Clearwater Analytics Holdings has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Clearwater Analytics Holdings' EV-to-EBITDA compare to IDCC and CHYM?
According to the Software industry distribution chart, Clearwater Analytics Holdings ranks #1786 out of 1958 companies for EV-to-EBITDA. This places Clearwater Analytics Holdings in the lower half of its industry. The industry median EV-to-EBITDA is 10.57. Clearwater Analytics Holdings' value of 75.18 is 611.6% above this benchmark. While the company's 10-year median is 92.40 vs. the industry median of 10.57, Clearwater Analytics Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Software company?
The median EV-to-EBITDA among Software companies is 10.57, based on 1,958 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Clearwater Analytics Holdings's current EV-to-EBITDA of 75.18 is 611.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Clearwater Analytics Holdings. For the Software industry, the median EV-to-EBITDA is 10.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Clearwater Analytics Holdings's current EV-to-EBITDA is 75.18, which is 19% below median its own 10-year median of 92.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Clearwater Analytics Holdings stock overvalued right now?
Based on GuruFocus' analysis, Clearwater Analytics Holdings (CWAN) is currently considered Modestly Undervalued. The stock's GF Value™ is $32.49, compared to a current price of $24.56 — trading 24.4% below its estimated fair value. The current EV-to-EBITDA is 75.18, which is 19% below median its 10-year median of 92.40 and 611.6% above the Software industry median of 10.57. Clearwater Analytics Holdings' overall GF Score™ is 60/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Clearwater Analytics Holdings (CWAN), the current EV-to-EBITDA is 75.18 as of Aug. 14, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Clearwater Analytics Holdings (CWAN) Overvalued in 2026?
Based on GuruFocus' analysis, Clearwater Analytics Holdings stock appears to be undervalued.
The current stock price of $24.56 is trading 24.4% below its estimated GF Value™ of $32.49.
GuruFocus considers Clearwater Analytics Holdings to be Modestly Undervalued.
Key valuation signals for CWAN:
EV-to-EBITDA: 75.18 (19% below median its 10-year median of 92.40)
GF Value™: $32.49 vs. price of $24.56 (24.4% below fair value)
Industry Position: 611.6% above the Software median (#1786 of 1958)
No single metric tells the full story. See the CWAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Clearwater Analytics describes its mission as aiming to be the world's most trusted and comprehensive technology platform for the entire investment cycle. Clearwater has historically focused on back-office functions such as investment accounting, but with acquisitions such Enfusion, Beacon, and Bistro, the firm has broadened its focus with front-office and middle-office capabilities. Clearwater primarily serves insurance companies, asset managers, hedge funds, and corporate treasuries. Pro forma for Enfusion, about 76% of Clearwater's revenue is generated in the US.
60GF Score
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