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Spotify TechnologyXSWX:SPOT 77 EV-to-EBITDA is 26.65 as of Jul. 16, 2026, which is 0% above its 10-year median of 26.62. GuruFocus rates XSWX:SPOT with a GF Score™ of 77/100 and a GF Value™ of CHF396.73. The stock has 2 warning signs investors should review. Among 377 Interactive Media companies, Spotify Technology ranks worse than 84.35% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Spotify Technology's enterprise value is CHF73,145 Mil.
Spotify Technology's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was CHF2,745 Mil. Therefore, Spotify Technology's EV-to-EBITDA for today is 26.65.
The historical rank and industry rank for Spotify Technology's EV-to-EBITDA or its related term are showing as below:
XSWX:SPOT'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -3779.06 Med: 26.62 Max: 1026.81
Current: 26.14
During the past 11 years, the highest EV-to-EBITDA of Spotify Technology was 1026.81. The lowest was -3779.06. And the median was 26.62.
XSWX:SPOT's EV-to-EBITDA is ranked worse than 84.35% of 377
companies
in the Interactive Media industry
Industry Median: 7.7
vs XSWX:SPOT: 26.14
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.
Spotify Technology's PE Ratio (TTM) for today is calculated as:
Spotify Technology's share price for today is CHF391.50.
Spotify Technology'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 CHF9.945.
* 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).
The historical data trend for Spotify Technology'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.
XSWX:SPOT vs NBIS, BIDU, RDDT: EV-to-EBITDA Comparison
For the Internet Content & Information subindustry, Spotify Technology'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.
Spotify Technology EV-to-EBITDA vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Spotify Technology's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Spotify Technology's EV-to-EBITDA falls into.
Spotify Technology's current Enterprise Value is CHF73,145 Mil.
Spotify Technology'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 CHF2,745 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.
Spotify Technology (XSWX:SPOT) has a EV-to-EBITDA of 26.65 as of Jul. 16, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Spotify Technology. This is near median its historical median of 26.62. According to the industry distribution chart, Spotify Technology ranks #318 out of 377 companies in the Interactive Media industry, placing it in the top 84.4%.
Is Spotify Technology's EV-to-EBITDA too high?
Spotify Technology's current EV-to-EBITDA of 26.65 is near median its 10-year median of 26.62. The Interactive Media industry median EV-to-EBITDA is 7.70. Spotify Technology's value of 26.65 is 246.1% above this industry median. Based on the distribution chart, Spotify Technology ranks #318 out of 377 companies in the Interactive Media industry, which is in the bottom quartile relative to peers. Overall, Spotify Technology has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Spotify Technology's EV-to-EBITDA compare to NBIS and BIDU?
According to the Interactive Media industry distribution chart, Spotify Technology ranks #318 out of 377 companies for EV-to-EBITDA. This places Spotify Technology in the lower half of its industry. The industry median EV-to-EBITDA is 7.70. Spotify Technology's value of 26.65 is 246.1% above this benchmark. While the company's 10-year median is 26.62 vs. the industry median of 7.70, Spotify Technology 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 an Interactive Media company?
The median EV-to-EBITDA among Interactive Media companies is 7.70, based on 377 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. Spotify Technology's current EV-to-EBITDA of 26.65 is 246.1% 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 Spotify Technology. For the Interactive Media industry, the median EV-to-EBITDA is 7.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spotify Technology's current EV-to-EBITDA is 26.65, which is near median its own 10-year median of 26.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spotify Technology stock overvalued right now?
Spotify Technology (XSWX:SPOT) has a current EV-to-EBITDA of 26.65. The stock's GF Value™ is CHF396.73, compared to a current price of CHF391.50 — trading 1.3% below its estimated fair value. The current EV-to-EBITDA is 26.65, which is near median its 10-year median of 26.62 and 246.1% above the Interactive Media industry median of 7.70. Spotify Technology's overall GF Score™ is 77/100 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 Spotify Technology (XSWX:SPOT), the current EV-to-EBITDA is 26.65 as of Jul. 16, 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 Spotify Technology (XSWX:SPOT) Overvalued in 2026?
Based on GuruFocus' analysis, Spotify Technology stock appears to be undervalued.
The current stock price of CHF391.50 is trading 1.3% below its estimated GF Value™ of CHF396.73.
Key valuation signals for XSWX:SPOT:
EV-to-EBITDA: 26.65 (near median its 10-year median of 26.62)
GF Value™: CHF396.73 vs. price of CHF391.50 (1.3% below fair value)
Industry Position: 246.1% above the Interactive Media median (#318 of 377)
No single metric tells the full story. See the XSWX:SPOT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spotify is the leading global music streaming service, with over 750 million monthly active users and nearly 300 million paying subscribers, with the latter constituting the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from subscribers, who pay a monthly fee to access a music library that includes most of the most popular songs ever recorded, including all from the major record labels. The firm also offers access to audiobooks and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog, but cannot customize a similar on-demand experience.
77GF Score
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