NETNEUTRAL

NET EV/EBITDA Analysis

-2555.2x

Updated 37h ago·SEC filings & market data

Key Takeaway

The current EV/EBITDA of -2555.2x means that for every dollar of earnings before interest, taxes, depreciation, and amortization (EBITDA), the company’s enterprise value (market cap plus debt minus cash) is negative — essentially, the company has negative EBITDA, making this multiple a non-meaningful comparison.

Sector Performance

0th percentile

NET

-2555.2x

Sector Median

13.8x

Sector Avg

15.7x

Prior Period

-2569.9x(Jul 2026)

→ Stable

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Deep Analysis

In contrast, the sector median EV/EBITDA is 13.7x, and NET ranks at the 0th percentile among its peers, far below any positive multiple. Over the last eight quarters, the metric has been decreasing overall, with a year-over-year decline of 6.7% and a quarter-over-quarter increase of just 0.6%, indicating that the downward trend persists despite a tiny sequential uptick. The combination of an extremely negative EV/EBITDA and a long-term decreasing trend signals that the company’s earnings are deeply negative and worsening, which elevates investment risk due to ongoing operational losses. This metric contradicts the overall NEUTRAL verdict because a severely negative EV/EBITDA at the 0th percentile suggests material financial distress, whereas a neutral stance typically requires balanced fundamentals.

Frequently Asked Questions

What does the EV/EBITDA tell investors about NET?

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 NET's closest peers by EV/EBITDA?

The closest peers by EV/EBITDA include: EDIT (-2.2x), LSPD (-26.3x), NIO (-36.8x), SNAP (-38.8x), RBLX (-39.0x).

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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.