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Public Comps and Valuation Multiples for Semiconductors

Benchmark revenue and EBITDA valuation multiples for public comps like
NVIDIA, TSMC, Broadcom, Samsung and ASML.

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Semiconductors

CompanyMarket CapEnterprise ValueLTM RevenueEV/LTM RevenueEV/LTM EBITDA
$4.5T$4.4T$241B18.3x28.7x
$1.6T$1.5T$130B11.6x16.6x
$1.5T$1.6T$80B19.3x28.4x
$916B$850B$263B3.2x9.5x
$549B$538B$40B13.4x35.2x
$483B$482B$91B5.3x7.6x
$447B$449B$78B5.8x8.0x
$325B$318B$38B8.4x38.2x
$295B$294B$30B9.9x30.9x
$288B$287B$21B13.4x37.4x
$230B$239B$53B4.5x16.7x
$201B$202B$13B15.4x34.0x
$190B$200B$18B11.0x23.8x
$172B$177B$12B14.4x24.4x
$157B$157B$153B1.0x18.4x
$150B$153B$44B3.5x9.5x
$132B$129B$5B26.3x55.9x
$125B$122B$15B8.0x28.6x
$117B$116B$7B17.0x37.7x
$97B$91B$19B4.8x23.1x
$87B$87B$2B35.7x155.8x
$82B$84B$10B8.6x16.8x
$71B$73B$9B8.4x21.3x
$68B$67B$1B52.5x150.5x
$66B$72B$18B4.1x14.4x
$66B$72B$14B5.1x10.4x
$57B$66B$13B5.3x13.8x
$56B$54B$3B18.5x52.4x
$51B$51B$3B14.8x53.3x
$51B$51B$6B8.4x36.5x
$51B$49B$3B18.3x40.4x
$51B$56B$21B2.6x13.6x
$49B$48B$943M50.8x6.2x
$40B$45B$5B9.7x24.8x
$39B$38B$4B10.0x27.0x
$39B$39B———
$33B$33B$3B10.0x29.6x
$33B$38B$9B4.4x12.2x
$31B$30B$2B19.9x86.8x
$31B$30B$2B15.2x85.4x
$30B$29B$316M90.9x(562.5x)
$29B$27B$12B2.2x10.7x
$29B$28B$868M32.1x83.7x
$28B$26B$7B3.8x10.9x
$28B$27B$3B8.6x17.9x
$26B$27B$6B4.4x14.8x
$26B$28B$5B5.7x19.2x
$25B$24B$8B3.1x7.2x
$25B$27B$5B5.1x20.0x
$24B$24B$1B22.2x43.5x
$23B$X.XB$4BX.XxX.Xx
$23B$X.XB$3BX.XxX.Xx
$22B$X.XB$4BX.XxX.Xx
$22B$X.XB$4BX.XxX.Xx
$21B$X.XB$537MX.XxX.Xx
$21B$X.XB$1BX.XxX.Xx
$21B$X.XB$3BX.XxX.Xx
$21B$X.XB$977MX.XxX.Xx
$20B$X.XB$1BX.XxX.Xx
$19B$X.XB$1BX.XxX.Xx
$19B$X.XB$2BX.XxX.Xx
$18B$X.XB$6BX.XxX.Xx
$17B$X.XB$771MX.XxX.Xx
$17B$X.XB$1BX.XxX.Xx
$15B$X.XB$4BX.XxX.Xx
$14B$X.XB$919MX.XxX.Xx
$14B$X.XB$566MX.XxX.Xx
$14B$X.XB$27BX.XxX.Xx
$13B$X.XB$1BX.XxX.Xx
$13B$X.XB$4BX.XxX.Xx
$13B$X.XB$2BX.XxX.Xx
$13B$X.XB$434MX.XxX.Xx
$12B$X.XB$1BX.XxX.Xx
$12B$X.XB$758MX.XxX.Xx
$12B$X.XB$3BX.XxX.Xx
$12B$X.XB$838MX.XxX.Xx
$12B$X.XB$1BX.XxX.Xx
$12B$X.XB$6BX.XxX.Xx
$12B$X.XB$7BX.XxX.Xx
$12B$X.XB$3BX.XxX.Xx
$11B$X.XB$1BX.XxX.Xx
$11B$X.XB$3BX.XxX.Xx
$11B$X.XB$2BX.XxX.Xx
$11B$X.XB$323MX.XxX.Xx
$11B$X.XB—X.XxX.Xx
$11B$X.XB$686MX.XxX.Xx
$11B$X.XB$2BX.XxX.Xx
$11B$X.XB$2BX.XxX.Xx
$11B$X.XB$807MX.XxX.Xx
$11B$X.XB$1BX.XxX.Xx
$11B$X.XB$731MX.XxX.Xx
$11B$X.XB$4BX.XxX.Xx
$11B$X.XB$201MX.XxX.Xx
$10B$X.XB$1BX.XxX.Xx
$10B$X.XB$578MX.XxX.Xx
$10B$X.XB$2BX.XxX.Xx
$10B$X.XB$1BX.XxX.Xx
$9B$X.XB$706MX.XxX.Xx
$9B$X.XB$365MX.XxX.Xx
$9B$X.XB$1BX.XxX.Xx
$9B$X.XB$112MX.XxX.Xx
$9B$X.XB$1BX.XxX.Xx
$9B$X.XB$101MX.XxX.Xx
$9B$X.XB—X.XxX.Xx
$9B$X.XB$2BX.XxX.Xx
$9B$X.XB—X.XxX.Xx
$9B$X.XB$600MX.XxX.Xx
$9B$X.XB$714MX.XxX.Xx
$8B$X.XB$4BX.XxX.Xx
$8B$X.XB$1BX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$8B$X.XB$223MX.XxX.Xx
$8B$X.XB$1BX.XxX.Xx
$8B$X.XB$479MX.XxX.Xx
$8B$X.XB—X.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$8B$X.XB$170MX.XxX.Xx
$8B$X.XB$4BX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$8B$X.XB$4BX.XxX.Xx
$8B$X.XB$2BX.XxX.Xx
$7B$X.XB—X.XxX.Xx
$7B$X.XB$816MX.XxX.Xx
$7B$X.XB$512MX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$7B$X.XB$3BX.XxX.Xx
$7B$X.XB—X.XxX.Xx
$7B$X.XB$883MX.XxX.Xx
$7B$X.XB$820MX.XxX.Xx
$7B$X.XB$1BX.XxX.Xx
$7B$X.XB$2BX.XxX.Xx
$6B$X.XB$402MX.XxX.Xx
$6B$X.XB—X.XxX.Xx
$6B$X.XB$332MX.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB$605MX.XxX.Xx
$6B$X.XB$1BX.XxX.Xx
$6B$X.XB$299MX.XxX.Xx
$6B$X.XB$235MX.XxX.Xx
$6B$X.XB$4BX.XxX.Xx
$6B$X.XB$205MX.XxX.Xx
$6B$X.XB—X.XxX.Xx
$6B$X.XB—X.XxX.Xx
$6B$X.XB$2BX.XxX.Xx
$6B$X.XB—X.XxX.Xx
$6B$X.XB$583MX.XxX.Xx
$6B$X.XB$1BX.XxX.Xx
$6B$X.XB$1BX.XxX.Xx
$6B$X.XB$3BX.XxX.Xx
$6B$X.XB$607MX.XxX.Xx
$6B$X.XB$718MX.XxX.Xx
$6B$X.XB$1BX.XxX.Xx
$5B$X.XB—X.XxX.Xx
$5B$X.XB$1BX.XxX.Xx
$5B$X.XB$349MX.XxX.Xx
$5B$X.XB$118MX.XxX.Xx
$5B$X.XB$727MX.XxX.Xx
$5B$X.XB$294MX.XxX.Xx
$5B$X.XB—X.XxX.Xx
$5B$X.XB$542MX.XxX.Xx
$5B$X.XB—X.XxX.Xx
$5B$X.XB—X.XxX.Xx
$5B$X.XB$260MX.XxX.Xx
$5B$X.XB—X.XxX.Xx
$5B$X.XB$131MX.XxX.Xx
$5B$X.XB$813MX.XxX.Xx
$5B$X.XB$932MX.XxX.Xx
$5B$X.XB$131MX.XxX.Xx
$4B$X.XB$328MX.XxX.Xx
$4B$X.XB$981MX.XxX.Xx
$4B$X.XB$541MX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$455MX.XxX.Xx
$4B$X.XB—X.XxX.Xx
$4B$X.XB—X.XxX.Xx
$4B$X.XB—X.XxX.Xx
$4B$X.XB$525MX.XxX.Xx
$4B$X.XB$9BX.XxX.Xx
$4B$X.XB$1BX.XxX.Xx
$4B$X.XB$3BX.XxX.Xx
$4B$X.XB$4BX.XxX.Xx
$4B$X.XB$582MX.XxX.Xx
$4B$X.XB$646MX.XxX.Xx
$4B$X.XB$688MX.XxX.Xx
$4B$X.XB$962MX.XxX.Xx
$4B$X.XB$394MX.XxX.Xx
$4B$X.XB$793MX.XxX.Xx
$4B$X.XB$647MX.XxX.Xx
$4B$X.XB$335MX.XxX.Xx
$4B$X.XB—X.XxX.Xx
$3B$X.XB$805MX.XxX.Xx
$3B$X.XB$75MX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$32BX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$124MX.XxX.Xx
$3B$X.XB$267MX.XxX.Xx
$3B$X.XB$271MX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$479MX.XxX.Xx
$3B$X.XB$428MX.XxX.Xx
$3B$X.XB$702MX.XxX.Xx
$3B$X.XB$1BX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$290MX.XxX.Xx
$3B$X.XB$707MX.XxX.Xx
$3B$X.XB$244MX.XxX.Xx
$3B$X.XB$328MX.XxX.Xx
$3B$X.XB$450MX.XxX.Xx
$3B$X.XB$8BX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$514MX.XxX.Xx
$3B$X.XB$98MX.XxX.Xx
$3B$X.XB$2BX.XxX.Xx
$3B$X.XB$839MX.XxX.Xx
$3B$X.XB$462MX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB$155MX.XxX.Xx
$3B$X.XB$3BX.XxX.Xx
$3B$X.XB$117MX.XxX.Xx
$3B$X.XB$164MX.XxX.Xx
$3B$X.XB$987MX.XxX.Xx
$3B$X.XB—X.XxX.Xx
$3B$X.XB—X.XxX.Xx
$2B$X.XB$342MX.XxX.Xx
$2B$X.XB$365MX.XxX.Xx
$2B$X.XB$399MX.XxX.Xx
$2B$X.XB$953MX.XxX.Xx
$2B$X.XB$970MX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$438MX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB$202MX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB$200MX.XxX.Xx
$2B$X.XB$865MX.XxX.Xx
$2B$X.XB$44MX.XxX.Xx
$2B$X.XB$1BX.XxX.Xx
$2B$X.XB$3BX.XxX.Xx
$2B$X.XB$222MX.XxX.Xx
$2B$X.XB$408MX.XxX.Xx
$2B$X.XB$691MX.XxX.Xx
$2B$X.XB$557MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$129MX.XxX.Xx
$2B$X.XB$635MX.XxX.Xx
$2B$X.XB$2BX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$671MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$989MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$563MX.XxX.Xx
$2B$X.XB$753MX.XxX.Xx
$2B$X.XB$249MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$219MX.XxX.Xx
$2B$X.XB$437MX.XxX.Xx
$2B$X.XB$139MX.XxX.Xx
$2B$X.XB—X.XxX.Xx
$2B$X.XB$564MX.XxX.Xx
$2B$X.XB$492MX.XxX.Xx
$1B$X.XB$241MX.XxX.Xx
$1B$X.XB$185MX.XxX.Xx
$1B$X.XB$467MX.XxX.Xx
$1B$X.XB$165MX.XxX.Xx
$1B$X.XB$484MX.XxX.Xx
$1B$X.XB$344MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$538MX.XxX.Xx
$1B$X.XB$798MX.XxX.Xx
$1B$X.XB$442MX.XxX.Xx
$1B$X.XB$50MX.XxX.Xx
$1B$X.XB$305MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$230MX.XxX.Xx
$1B$X.XB$4MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$778MX.XxX.Xx
$1B$X.XB$835MX.XxX.Xx
$1B$X.XB$487MX.XxX.Xx
$1B$X.XB$699MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$193MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$564MX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$1B$X.XB$249MX.XxX.Xx
$1B$X.XB$398MX.XxX.Xx
$1B$X.XB$1BX.XxX.Xx
$1B$X.XB$4BX.XxX.Xx
$1B$X.XB—X.XxX.Xx
$998M$X.XB—X.XxX.Xx
$996M$X.XB$204MX.XxX.Xx
$979M$X.XB$682MX.XxX.Xx
$947M$X.XB$495MX.XxX.Xx
$898M$X.XB$293MX.XxX.Xx
$884M$X.XB—X.XxX.Xx
$879M$X.XB—X.XxX.Xx
$834M$X.XB—X.XxX.Xx
$819M$X.XB$702MX.XxX.Xx
$814M$X.XB—X.XxX.Xx
$804M$X.XB$369MX.XxX.Xx
$790M$X.XB$983MX.XxX.Xx
$774M$X.XB$76MX.XxX.Xx
$765M$X.XB—X.XxX.Xx
$758M$X.XB$230MX.XxX.Xx
$717M$X.XB$22MX.XxX.Xx
$713M$X.XB$693MX.XxX.Xx
$706M$X.XB$335MX.XxX.Xx
$705M$X.XB—X.XxX.Xx
$703M$X.XB$864MX.XxX.Xx
$687M$X.XB—X.XxX.Xx
$676M$X.XB$7MX.XxX.Xx
$673M$X.XB$1BX.XxX.Xx
$645M$X.XB$80MX.XxX.Xx
$638M$X.XB—X.XxX.Xx
$631M$X.XB—X.XxX.Xx
$608M$X.XB$681MX.XxX.Xx
$595M$X.XB—X.XxX.Xx
$580M$X.XB$112MX.XxX.Xx
$568M$X.XB$74MX.XxX.Xx
$552M$X.XB$59MX.XxX.Xx
$541M$X.XB$569MX.XxX.Xx
$529M$X.XB$704MX.XxX.Xx
$500M$X.XB—X.XxX.Xx
$408M$X.XB$236MX.XxX.Xx
$398M$X.XB—X.XxX.Xx
$388M$X.XB$42MX.XxX.Xx
$381M$X.XB$222MX.XxX.Xx
$355M$X.XB$508MX.XxX.Xx
$352M$X.XB$21MX.XxX.Xx
$347M$X.XB$5MX.XxX.Xx
$337M$X.XB—X.XxX.Xx
$314M$X.XB—X.XxX.Xx
$265M$X.XB—X.XxX.Xx
$264M$X.XB—X.XxX.Xx
$260M$X.XB$56MX.XxX.Xx
$246M$X.XB$131MX.XxX.Xx
$226M$X.XB$3MX.XxX.Xx
$204M$X.XB$80MX.XxX.Xx
$165M$X.XB$254MX.XxX.Xx
$163M$X.XB$142KX.XxX.Xx
$156M$X.XB$72MX.XxX.Xx
$155M$X.XB—X.XxX.Xx
$152M$X.XB—X.XxX.Xx
$150M$X.XB$48MX.XxX.Xx
$149M$X.XB—X.XxX.Xx
$148M$X.XB—X.XxX.Xx
$138M$X.XB$16MX.XxX.Xx
$110M$X.XB—X.XxX.Xx
$106M$X.XB$23MX.XxX.Xx
$99M$X.XB$181MX.XxX.Xx
$94M$X.XB$35MX.XxX.Xx
$84M$X.XB$79MX.XxX.Xx
$81M$X.XB—X.XxX.Xx
$80M$X.XB$35MX.XxX.Xx
$74M$X.XB$17MX.XxX.Xx
$73M$X.XB—X.XxX.Xx
$69M$X.XB$9MX.XxX.Xx
$66M$X.XB$35MX.XxX.Xx
$61M$X.XB—X.XxX.Xx
$51M$X.XB$31MX.XxX.Xx
$47M$X.XB$66MX.XxX.Xx
$45M$X.XB$3MX.XxX.Xx
$40M$X.XB$770KX.XxX.Xx
$40M$X.XB$15MX.XxX.Xx
$38M$X.XB—X.XxX.Xx
$35M$X.XB—X.XxX.Xx
$34M$X.XB—X.XxX.Xx
$26M$X.XB$200MX.XxX.Xx
$18M$X.XB—X.XxX.Xx
$16M$X.XB—X.XxX.Xx
$16M$X.XB—X.XxX.Xx
$8M$X.XB—X.XxX.Xx
$7M$X.XB—X.XxX.Xx
$1M$X.XB—X.XxX.Xx
—$X.XB—X.XxX.Xx
—$X.XB—X.XxX.Xx

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