Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Spotify Technology's Enterprise Value is CHF69,074 Mil.
Spotify Technology's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was CHF2,651 Mil. Therefore, Spotify Technology's EV-to-EBIT ratio for today is 26.05.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Spotify Technology's Enterprise Value is CHF69,074 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 ratio for today is 25.16.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Spotify Technology's Enterprise Value is CHF69,074 Mil.
Spotify Technology's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was CHF16,278 Mil. Therefore, Spotify Technology's EV-to-Revenue ratio for today is 4.24.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Spotify Technology (XSWX:SPOT) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Spotify Technology's current Enterprise Value is CHF69,074 Mil.
Spotify Technology's EBIT 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 CHF2,651 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Spotify Technology's current Enterprise Value is CHF69,074 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.
Spotify Technology's current Enterprise Value is CHF69,074 Mil.
Spotify Technology's Revenue 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 CHF16,278 Mil.
Spotify Technology's current Enterprise Value is CHF69,074 Mil.
Spotify Technology's Cash Flow from Operations 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 CHF2,999 Mil.
Spotify Technology's current Enterprise Value is CHF69,074 Mil.
Spotify Technology's Free Cash Flow 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 CHF2,943 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 Enterprise Value Related Terms
Spotify Technology Enterprise Value Historical Data
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The historical data trend for Spotify Technology's Enterprise Value 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: Enterprise Value Comparison
For the Internet Content & Information subindustry, Spotify Technology's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Interactive Media Industry
For the Interactive Media industry and Communication Services sector, Spotify Technology's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Spotify Technology's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Spotify Technology's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Enterprise Value of CHF69,074 Mil mean?
Spotify Technology (XSWX:SPOT) has a Enterprise Value of CHF69,074 Mil as of Jun. 28, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Spotify Technology and its competitors.
Is Spotify Technology's Enterprise Value too high?
Spotify Technology's current Enterprise Value is CHF69,074 Mil. 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 Enterprise Value compare to NBIS and BIDU?
Spotify Technology's Enterprise Value of CHF69,074 Mil can be compared against companies in the Interactive Media industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Interactive Media company?
A good Enterprise Value depends on the Interactive Media industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Spotify Technology and its competitors. Spotify Technology's current Enterprise Value is CHF69,074 Mil. 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 Enterprise Value of CHF69,074 Mil. The stock's GF Value™ is CHF396.74, compared to a current price of CHF372.50 — trading 6.1% below its estimated fair value. The current Enterprise Value is CHF69,074 Mil. 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 Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Spotify Technology (XSWX:SPOT), the current Enterprise Value is CHF69,074 Mil as of Jun. 28, 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 CHF372.50 is trading 6.1% below its estimated GF Value™ of CHF396.74.
Key valuation signals for XSWX:SPOT:
Enterprise Value: CHF69,074 Mil
GF Value™: CHF396.74 vs. price of CHF372.50 (6.1% below fair value)
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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