ASANNEUTRAL

EV/EBITDA

-16.7x

Higher than 12% of Technology sector peers

Updated 16h ago

Sector Performance

12th percentile

ASAN

-16.7x

Sector Median

24.2x

Sector Avg

70.8x

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Deep Analysis

Enterprise value to EBITDA (EV/EBITDA) is a valuation ratio that compares a company's total value—including debt—to its earnings before interest, taxes, depreciation, and amortization.

A negative value like -16.7x means Asana's EBITDA is negative, so the metric is not used for standard valuation and indicates the company is currently unprofitable at the operating level. Among Technology sector peers, the median EV/EBITDA is 24.2x, and Asana sits in the 12th percentile, meaning most peers have positive and higher multiples. The year-over-year change, quarter-over-quarter change, and trend over the last eight quarters are all listed as N/A, providing no insight into whether the negative metric is improving or deteriorating. A negative EV/EBITDA combined with unavailable trend data introduces valuation uncertainty—investors cannot assess whether profitability is approaching or worsening, which raises the risk of mispricing. This metric does not contradict the NEUTRAL verdict because the absence of positive EBITDA supports a cautious, neutral stance rather than a bullish or bearish one.

Frequently Asked Questions

What does the EV/EBITDA tell investors about ASAN?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

How does ASAN's EV/EBITDA compare to its sector?

ASAN's EV/EBITDA of -16.7x compares to a Technology sector median of 24.2x, placing it in the 12th percentile.

Who are ASAN's closest peers by EV/EBITDA?

The closest Technology peers by EV/EBITDA include: YEXT (10.8x), GLOB (10.6x), INFY (10.3x), DIOD (8.7x), DELL (8.1x).

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.