Applied Digital (APLD) EV to EBIT (2021 - 2026)
Applied Digital's (APLD) quarterly EV to EBIT came in at 92.89 in Q2 2026, down 188.53% on a YoY basis from 104.93 in Q2 2025, and down 17.43% quarter-over-quarter from 79.1 in Q1 2026.
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Applied Digital (APLD) EV to EBIT (2021 - 2026) Analysis & Trends
Applied Digital (APLD) has reported EV to EBIT for 6 consecutive years, with 92.89 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, EV to EBIT fell 188.53% year-over-year to 92.89; the trailing twelve-month figure through May 2026 stood at 43.96 (down 56.54% YoY), and the FY2026 full-year result was 49.03, down 149.25% from the prior year.
- EV to EBIT declined to 92.89 in Q2 2026 per APLD's latest filing, from 79.1 in the prior quarter.
- Across five years, EV to EBIT topped out at 19.57 in Q3 2024 and bottomed at 244.25 in Q1 2022.
- Historically, EV to EBIT has averaged 84.31 across 5 years, with a median of 72.11 in 2026.
- The sharpest annual moves came in 2024 and 2025: EV to EBIT surged 123.72% in 2024, then sank 1069.22% in 2025.
- Over 5 years, EV to EBIT stood at 6.5 in 2022, then tumbled by 901.63% to 65.11 in 2023, then tumbled by 125.44% to 146.79 in 2024, then slumped by 31.19% to 192.58 in 2025, then surged by 51.76% to 92.89 in 2026.
- According to Business Quant data, EV to EBIT over the past three periods registered 92.89, 79.1, and 192.58 for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Equinix | 102.22 Bn | 100.02 Bn | 1.40 Bn |
| 2 | Terawulf | 8.24 Bn | 5.48 Bn | 32.37 Mn |
| 3 | Applied Digital | 7.59 Bn | 5.57 Bn | 97.29 Mn |
| 4 | Cipher Digital | 7.35 Bn | 3.35 Bn | 9.79 Mn |
| 5 | GDS Holdings | 6.47 Bn | 4.41 Bn | 97.89 Mn |
| 6 | Core Scientific | 5.72 Bn | 3.78 Bn | 70.04 Mn |
| 7 | Vnet | 1.71 Bn | 828.02 Mn | 74.45 Mn |
| 8 | Sify Technologies | 1.56 Bn | 1.56 Bn | 51.65 Mn |
| 9 | WhiteFiber | 758.96 Mn | 698.59 Mn | 18.88 Mn |
| 10 | Vulcan Infrastructure & Power | 445.09 Mn | 441.89 Mn | -1.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | -92.89 |
| Feb 28, 2026 | -79.10 |
| Nov 30, 2025 | -192.58 |
| Aug 31, 2025 | -189.72 |
| May 31, 2025 | -32.19 |
| Feb 28, 2025 | -91.00 |
| Nov 30, 2024 | -146.79 |
| Aug 31, 2024 | 19.57 |
| May 31, 2024 | -17.34 |
| Feb 29, 2024 | -8.55 |
| Nov 30, 2023 | -65.11 |
| Aug 31, 2023 | -82.53 |
| May 31, 2023 | -152.80 |
| Feb 28, 2023 | -34.05 |
| Nov 30, 2022 | -6.50 |
| Aug 31, 2022 | -44.96 |
| May 31, 2022 | -56.87 |
| Feb 28, 2022 | -244.25 |
| Nov 30, 2021 | -722.61 |
| Aug 31, 2021 | -34.89 |