Vnet (VNET) EV to EBITDA (2011 - 2026)
Vnet's (VNET) quarterly EV to EBITDA came in at 9.43 in Q2 2026, down 27.61% year-over-year from 13.03 in Q2 2025, and up 9.4% quarter-over-quarter from 8.62 in Q1 2026.
Analysis
Vnet (VNET) EV to EBITDA (2011 - 2026) Analysis & Trends
Vnet has disclosed EV to EBITDA across 16 years of filings, most recently posting 9.43 for Q2 2026.
- In Q2 2026, EV to EBITDA fell 27.61% year-over-year to 9.43; the TTM figure through Jun 2026 stood at 2.63 (down 25.14% YoY), while the FY2025 annual figure was 3.57, up 5.17% from the prior year.
- EV to EBITDA came in at 9.43 for Q2 2026 at Vnet, up from 8.62 in the prior quarter.
- In the past five years, EV to EBITDA ranged from a high of 19.56 in Q3 2025 to a low of 1.51 in Q1 2023.
- Average EV to EBITDA over 5 years is 7.81, with a median of 6.68 recorded in 2022.
- Year-over-year, EV to EBITDA slumped 90.22% in 2022 and surged 655.4% in 2025.
- Over 5 years, EV to EBITDA stood at 7.64 in 2022, then plunged by 78.87% to 1.61 in 2023, then jumped by 562.33% to 10.69 in 2024, then grew by 24.33% to 13.29 in 2025, then retreated by 29.04% to 9.43 in 2026.
- Per Business Quant data, the three most recent EV to EBITDA figures were 9.43 in Q2 2026, 8.62 in Q1 2026, and 13.29 in Q4 2025.
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 |
|---|---|
| Jun 30, 2026 | 9.43 |
| Mar 31, 2026 | 8.62 |
| Dec 31, 2025 | 13.29 |
| Sep 30, 2025 | 19.56 |
| Jun 30, 2025 | 13.03 |
| Mar 31, 2025 | 18.16 |
| Dec 31, 2024 | 10.69 |
| Sep 30, 2024 | 10.71 |
| Jun 30, 2024 | 4.48 |
| Mar 31, 2024 | 2.40 |
| Dec 31, 2023 | 1.61 |
| Sep 30, 2023 | 2.28 |
| Jun 30, 2023 | 2.01 |
| Mar 31, 2023 | 1.51 |
| Dec 31, 2022 | 7.64 |
| Sep 30, 2022 | 4.22 |
| Jun 30, 2022 | 5.72 |
| Mar 31, 2022 | 5.22 |
| Dec 31, 2021 | 15.73 |
| Sep 30, 2021 | 26.80 |