OLED (Universal Display) EV-to-EBITDA: 11.86 (As of Jul. 26, 2026) — 59% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

OLED Universal Display Corp OLED
82 GF Score
Price $79.25
GF Value $153.57
Valuation Significantly Undervalued
! 2 Warning Signs
View Full Analysis

What is Universal Display EV-to-EBITDA?

Universal Display OLED -0.19% 82 EV-to-EBITDA is 11.86 as of Jul. 26, 2026, which is 59% below its 10-year median of 29.27. GuruFocus rates OLED with a GF Score™ of 82/100 and a GF Value™ of $153.57 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,896 Hardware companies, Universal Display ranks better than 58.33% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Universal Display's enterprise value is $3,206.2 Mil. Universal Display's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $270.3 Mil. Therefore, Universal Display's EV-to-EBITDA for today is 11.86.

The historical rank and industry rank for Universal Display's EV-to-EBITDA or its related term are showing as below:

OLED' s EV-to-EBITDA Range Over the Past 10 Years
Min: 11.86   Med: 29.27   Max: 77.73
Current: 11.86

During the past 13 years, the highest EV-to-EBITDA of Universal Display was 77.73. The lowest was 11.86. And the median was 29.27.

OLED's EV-to-EBITDA is ranked better than
58.33% of 1896 companies
in the Hardware industry
Industry Median: 15.015 vs OLED: 11.86

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.

As of today (2026-07-26), Universal Display's stock price is $79.25. Universal Display's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $4.480. Therefore, Universal Display's PE Ratio (TTM) for today is 17.69.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Universal Display  (NAS:OLED) 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.

Universal Display's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=79.25/4.480
=17.69

Universal Display's share price for today is $79.25.
Universal Display'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 $4.480.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


Universal Display EV-to-EBITDA Related Terms


Universal Display EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Universal Display'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.

Universal Display EV-to-EBITDA Chart

Universal Display Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.84 14.91 32.88 22.85 16.72

Universal Display Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.00 22.62 22.35 16.72 14.01

OLED vs BELFB, OSIS, KN: EV-to-EBITDA Comparison

For the Electronic Components subindustry, Universal Display'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.


Universal Display EV-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, Universal Display's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Universal Display's EV-to-EBITDA falls into.


OLED
82GF Score
Universal Display Corp OLED
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Universal Display EV-to-EBITDA Calculation

Universal Display's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=3206.168/270.31
=11.86

Universal Display's current Enterprise Value is $3,206.2 Mil.
Universal Display'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 $270.3 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 11.86 mean?
Universal Display (OLED) has a EV-to-EBITDA of 11.86 as of Jul. 26, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Universal Display. This is 59% below median its historical median of 29.27. Over the past decade, Universal Display's EV-to-EBITDA has ranged from 11.86 to 77.73. According to the industry distribution chart, Universal Display ranks #790 out of 1896 companies in the Hardware industry, placing it in the top 41.7%.
Is Universal Display's EV-to-EBITDA too high?
Universal Display's current EV-to-EBITDA of 11.86 is 59% below median its 10-year median of 29.27. Over the past 10 years, this metric has ranged from a low of 11.86 to a high of 77.73. The Hardware industry median EV-to-EBITDA is 15.02. Universal Display's value of 11.86 is 21% below this industry median. Based on the distribution chart, Universal Display ranks #790 out of 1896 companies in the Hardware industry, which is above the industry midpoint. Overall, Universal Display has a GF Score™ of 82/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Universal Display's EV-to-EBITDA compare to BELFB and OSIS?
According to the Hardware industry distribution chart, Universal Display ranks #790 out of 1896 companies for EV-to-EBITDA. This puts Universal Display in the upper half of its industry. The industry median EV-to-EBITDA is 15.02. Universal Display's value of 11.86 is 21% below this benchmark. Historically, Universal Display's own EV-to-EBITDA has ranged from 11.86 to 77.73 over the past decade. While the company's 10-year median is 29.27 vs. the industry median of 15.02, Universal Display has consistently been below 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 Hardware company?
The median EV-to-EBITDA among Hardware companies is 15.02, based on 1,896 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. Universal Display's current EV-to-EBITDA of 11.86 is 21% below 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 Universal Display. For the Hardware industry, the median EV-to-EBITDA is 15.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Universal Display's current EV-to-EBITDA is 11.86, which is 59% below median its own 10-year median of 29.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Universal Display stock overvalued right now?
Based on GuruFocus' analysis, Universal Display (OLED) is currently considered Significantly Undervalued. The stock's GF Value™ is $153.57, compared to a current price of $79.25 — trading 48.4% below its estimated fair value. The current EV-to-EBITDA is 11.86, which is 59% below median its 10-year median of 29.27 and 21% below the Hardware industry median of 15.02. Universal Display's overall GF Score™ is 82/100 with 2 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 Universal Display (OLED), the current EV-to-EBITDA is 11.86 as of Jul. 26, 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 Universal Display (OLED) Overvalued in 2026?

Based on GuruFocus' analysis, Universal Display stock appears to be undervalued. The current stock price of $79.25 is trading 48.4% below its estimated GF Value™ of $153.57. GuruFocus considers Universal Display to be Significantly Undervalued.

Key valuation signals for OLED:

  • EV-to-EBITDA: 11.86 (59% below median its 10-year median of 29.27)
  • GF Value™: $153.57 vs. price of $79.25 (48.4% below fair value)
  • GF Score™: 82/100 with 2 warning signs
  • Industry Position: 21% below the Hardware median (#790 of 1896)

No single metric tells the full story. See the OLED stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Universal Display Business Description

Address 250 Phillips Boulevard, Ewing, NJ, USA, 08618
Universal Display Corp researches, develops, and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. The Company has one reportable business segment being OLED technologies and materials. The large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, China, the United States, and other countries across the world.
82GF Score

Get the complete analysis for OLED

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$79.25
Price
$153.57
GF Value