ILMNNEUTRAL

ILMN EV/EBITDA Analysis

26.4x

Updated 489h ago·SEC filings & market data

Key Takeaway

The EV/EBITDA ratio compares a company's total value (market cap plus debt minus cash) to its cash operating earnings, so 26.4x means investors pay $26.40 for each $1 of EBITDA.

Sector Performance

85th percentile

ILMN

26.4x

Sector Median

13.6x

Sector Avg

-30.9x

Prior Period

26.7x(Jul 2026)

↑ Improving

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Deep Analysis

The EV/EBITDA ratio compares a company's total value (market cap plus debt minus cash) to its cash operating earnings, so 26.4x means investors pay $26.40 for each $1 of EBITDA.

That is nearly double the sector median of 13.6x, placing ILMN in the 85th percentile among peers—a high valuation relative to the industry. The trend is stable: the ratio moved only -1.2% quarter over quarter, while year-over-year change is not available; recent readings of 26.1x, 26.7x, and 26.4x confirm no meaningful drift. A high but stable multiple implies the market already prices in strong expectations, so the risk is limited downside if growth stalls, but also limited upside from multiple expansion. This combination supports the overall NEUTRAL verdict: the elevated level suggests caution, while the stable trend offers no new catalyst. The metric does not contradict neutral—it reinforces a hold-type stance.

Frequently Asked Questions

What does the EV/EBITDA tell investors about ILMN?

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.

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

The closest peers by EV/EBITDA include: SMTC (76.6x), SHOP (80.2x), OKTA (83.5x), TEAM (101.4x), STEM (102.7x).

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Learn More About EV/EBITDA

EV/EBITDA Explained: The Valuation Metric Pro Investors Actually Use

Learn what EV/EBITDA is, why it beats P/E for capital-heavy companies, typical sector ranges, and key limitations every serious investor should know.

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.