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Q3 2015
EV/2015E EBITDA Multiples
Software &
Online
Consumer
Platforms
Average: 16.3x, Median 13.2x
Networks,
Hardware &
Devices
Average: 10.2x, Median 8.0x
6
As of: 09/30/2015
Sources: S&P Capital IQ
23.8x 18.6x 12.4x 12.2x
8.1x
8.0x
7.6x
7.2x
AMZN BABA GOOGL MSFT ORCL AAPL IBM CSCO
34.0x
30.2x
22.6x
22.6x
17.7x
16.8x
7.8x
LNKD TWTR YHOO FB PCLN YELP EBAY
38.0x 24.4x 23.3x 12.2x 11.7x 11.6x 10.7x 6.9x
4.0x
CRM RHT ADBE CTXS SWI VMW SAP CA SAS
70.1x
38.5x
9.1x
8.6x
8.1x
5.7x
5.3x
PANW FTNT VDSI
CUDA AVG SYMC CKP
13.2x
9.8x
7.8x
7.7x
6.4x
6.3x
6.2x
DISH TWX TMUS CMCS.A AT&T SPRINT AT&T
11.5x 11.1x
8.0x
7.6x
5.4x
5.0x
4.3x
2.6x
ZBRA MSI
JNPR ERIC B LG NTAP HPQ SMSNG
25.4x 15.4x 14.0x 10.6x 10.3x
8.5x
6.4x
6.0x
CAVM BRCM FSL NVDA TXN QCOM INTC STM
25.6x
20.9x
10.5x
10.1x
8.5x
ARM IMG
CDNS
SNPS
MENT