Enterprise value bridge & multiples calculator
EV/EBITDA, leverage, and what P/E hides.
Interactive: enterprise value bridge & multiplesMedium
- Enterprise value
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- EV / EBITDA
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- Equity value / EBITDA
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- Net leverage
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- EBITDA − capex yield on EV
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- Reading
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Raise the debt and cut the market cap by the same amount: EV and EV/EBITDA barely move while the equity multiple collapses. That is the whole argument for using enterprise value when comparing companies — and the whole argument for reading the leverage line before celebrating a cheap-looking P/E. Net leverage above ~4× is where leveraged loan and high-yield markets start pricing real default risk.
The idea behind it
This calculator belongs to Valuation & Cost of Capital, where the mechanism it computes is explained step by step, with the formula, what each input means and where the simple model stops being right. Everything is computed in your browser; nothing you type is sent anywhere.
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