NINEUTRAL

NI EV/EBITDA Analysis

12.9x

Updated 273h ago·SEC filings & market data

Key Takeaway

EV/EBITDA compares a company’s enterprise value to its earnings before interest, taxes, depreciation, and amortization, and at 12.9x it means investors pay $12.90 for each dollar of operating earnings.

Sector Performance

47th percentile

NI

12.9x

Sector Median

13.6x

Sector Avg

-30.9x

Prior Period

13.5x(Aug 2026)

↑ Improving
📊

Deep Analysis

EV/EBITDA compares a company’s enterprise value to its earnings before interest, taxes, depreciation, and amortization, and at 12.9x it means investors pay $12.90 for each dollar of operating earnings.

This sits slightly below the sector median of 13.6x, placing NI in the 46th percentile among peers, so the stock is priced close to the middle of its group. The metric has been decreasing over the last eight quarters, with the most recent reading of 12.9x down from 13.5x in the prior quarter, a 4.3% quarter-over-quarter drop; year-over-year data is not available. A below-median valuation combined with a falling trend suggests the market is applying a lower multiple to NI’s earnings, which can reduce downside risk if earnings hold steady, though it also signals weaker pricing power or growth expectations relative to peers. This valuation pattern does not contradict the overall NEUTRAL verdict — it supports it, as the stock is neither cheaply priced enough to suggest a clear opportunity nor expensive enough to imply elevated risk.

Frequently Asked Questions

What does the EV/EBITDA tell investors about NI?

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 NI'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).

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.

Advertisement

Master NI's Valuation

Get the complete institutional research report covering all fundamental and technical metrics.

View full NI research report

Free account — no credit card

NI

12.9x

Sector Median

13.6x

Sector Avg

-30.9x

How NI's EV/EBITDA compares to sector peers.

Not financial advice. Research tool only. Data may be delayed.