Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Flutter EntertainmentFLUT +1.02%69 EV-to-EBITDA is 13.30 as of Jul. 23, 2026, which is 62% below its 10-year median of 34.61. GuruFocus rates FLUT with a GF Score™ of 69/100 and a GF Value™ of $313.28 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 691 Travel & Leisure companies, Flutter Entertainment ranks worse than 64.25% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Flutter Entertainment's enterprise value is $27,240 Mil.
Flutter Entertainment's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $2,048 Mil. Therefore, Flutter Entertainment's EV-to-EBITDA for today is 13.30.
The historical rank and industry rank for Flutter Entertainment's EV-to-EBITDA or its related term are showing as below:
FLUT'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 12.74 Med: 34.61 Max: 149.02
Current: 13.3
During the past 13 years, the highest EV-to-EBITDA of Flutter Entertainment was 149.02. The lowest was 12.74. And the median was 34.61.
FLUT's EV-to-EBITDA is ranked worse than 64.25% of 691
companies
in the Travel & Leisure industry
Industry Median: 9.67
vs FLUT: 13.30
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.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Flutter Entertainment (NYSE:FLUT) EV-to-EBITDA Explanation
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.
Flutter Entertainment's PE Ratio (TTM) for today is calculated as:
Flutter Entertainment's share price for today is $100.82.
Flutter Entertainment'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 $-2.140.
* 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).
Flutter Entertainment EV-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Flutter Entertainment's EV-to-EBITDA can be seen below:
* 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 Gambling subindustry, Flutter Entertainment'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.
Flutter Entertainment EV-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Flutter Entertainment's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Flutter Entertainment's EV-to-EBITDA falls into.
Flutter Entertainment's current Enterprise Value is $27,240 Mil.
Flutter Entertainment'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 $2,048 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.
Flutter Entertainment (FLUT) has a EV-to-EBITDA of 13.30 as of Jul. 23, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Flutter Entertainment. This is 62% below median its historical median of 34.61. Over the past decade, Flutter Entertainment's EV-to-EBITDA has ranged from 12.74 to 149.02. According to the industry distribution chart, Flutter Entertainment ranks #444 out of 691 companies in the Travel & Leisure industry, placing it in the top 64.3%.
Is Flutter Entertainment's EV-to-EBITDA too high?
Flutter Entertainment's current EV-to-EBITDA of 13.30 is 62% below median its 10-year median of 34.61. Over the past 10 years, this metric has ranged from a low of 12.74 to a high of 149.02. The Travel & Leisure industry median EV-to-EBITDA is 9.67. Flutter Entertainment's value of 13.30 is 37.5% above this industry median. Based on the distribution chart, Flutter Entertainment ranks #444 out of 691 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Flutter Entertainment has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Flutter Entertainment's EV-to-EBITDA compare to DKNG and SGHC?
According to the Travel & Leisure industry distribution chart, Flutter Entertainment ranks #444 out of 691 companies for EV-to-EBITDA. This places Flutter Entertainment in the lower half of its industry. The industry median EV-to-EBITDA is 9.67. Flutter Entertainment's value of 13.30 is 37.5% above this benchmark. Historically, Flutter Entertainment's own EV-to-EBITDA has ranged from 12.74 to 149.02 over the past decade. While the company's 10-year median is 34.61 vs. the industry median of 9.67, Flutter Entertainment 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 Travel & Leisure company?
The median EV-to-EBITDA among Travel & Leisure companies is 9.67, based on 691 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. Flutter Entertainment's current EV-to-EBITDA of 13.30 is 37.5% 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 Flutter Entertainment. For the Travel & Leisure industry, the median EV-to-EBITDA is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flutter Entertainment's current EV-to-EBITDA is 13.30, which is 62% below median its own 10-year median of 34.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flutter Entertainment stock overvalued right now?
Based on GuruFocus' analysis, Flutter Entertainment (FLUT) is currently considered Possible Value Trap. The stock's GF Value™ is $313.28, compared to a current price of $100.82 — trading 67.8% below its estimated fair value. The current EV-to-EBITDA is 13.30, which is 62% below median its 10-year median of 34.61 and 37.5% above the Travel & Leisure industry median of 9.67. Flutter Entertainment's overall GF Score™ is 69/100 with 3 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 Flutter Entertainment (FLUT), the current EV-to-EBITDA is 13.30 as of Jul. 23, 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 Flutter Entertainment (FLUT) Overvalued in 2026?
Based on GuruFocus' analysis, Flutter Entertainment stock appears to be undervalued.
The current stock price of $100.82 is trading 67.8% below its estimated GF Value™ of $313.28.
GuruFocus considers Flutter Entertainment to be Possible Value Trap.
Key valuation signals for FLUT:
EV-to-EBITDA: 13.30 (62% below median its 10-year median of 34.61)
GF Value™: $313.28 vs. price of $100.82 (67.8% below fair value)
Industry Position: 37.5% above the Travel & Leisure median (#444 of 691)
No single metric tells the full story. See the FLUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
In 2016, Irish company Paddy Power merged with UK firm Betfair to form online gaming operator Flutter Entertainment. Today, Flutter has the top digital revenue share in the US, UK, Ireland, Australia, Italy, and many other countries. Some of its leading brands are FanDuel in the US, Sky Betting & Gaming and Paddy Power in the UK and Ireland, Sportsbet (acquired by Paddy Power beginning in 2009) in Australia, and Sisal in Italy. As of Dec. 31, 2025, the company offered products in over 100 countries and had an average of 15.9 million monthly users. In 2025, sports betting was 53% of revenue, online gaming 44%, and fantasy sports, horse racing, and other 3%. The company launched a predictive sports betting platform in late 2025.
69GF Score
Get the complete analysis for FLUT
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FLUT has been successfully added to your 
