SPOTNEUTRAL

SPOT EV/EBITDA Analysis

38.0x

Updated 11h ago·SEC filings & market data

Key Takeaway

EV/EBITDA compares a company’s enterprise value to its earnings before interest, taxes, depreciation, and amortization, so a 35.3x reading means investors pay $35.30 per $1 of operating cash earnings.

Sector Performance

91th percentile

SPOT

38.0x

Sector Median

13.6x

Sector Avg

-62.3x

Prior Period

38.5x(Aug 2026)

↑ Improving

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Deep Analysis

That is far above the sector median of 13.6x, placing SPOT in the 91st percentile among its peer group. The multiple is decreasing, down 6.6% year-over-year and 1.8% quarter-over-quarter, continuing the downward path seen over the last eight quarters. A high level with a falling trend implies the stock remains expensive relative to peers, but the direction of the decline may reduce some valuation risk if the trend persists. This mixed picture supports the overall NEUTRAL verdict: the expensive multiple does not justify a bullish stance, while the consistent compression prevents a clear bearish signal.

Frequently Asked Questions

What does the EV/EBITDA tell investors about SPOT?

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 SPOT's closest peers by EV/EBITDA?

The closest peers by EV/EBITDA include: FLNC (-22.5x), EVGO (-22.6x), LSPD (-26.9x), BRZE (-29.6x), RBLX (-31.4x).

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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.