EV/EBITDA compares enterprise value (market cap plus net debt) to operating earnings before interest, tax, depreciation and amortization. Unlike P/E it ignores capital structure — essential for comparing leveraged companies. This heatmap colors US stocks by EV/EBITDA, sized by market cap and grouped by sector.
Greener tiles are cheaper on EV/EBITDA, redder tiles more expensive. Negative-EBITDA companies appear gray.
It includes debt in the price and strips out financing and accounting differences in earnings — the standard metric for comparing companies with different leverage, and the first number acquirers check.
Below ~8 is traditionally cheap for industrials and mature businesses; high-growth sectors justify 15–25+. Compare within the sector column — telecom at 6× is normal, software at 6× is a screaming deal.
EBITDA ignores capital expenditure — capital-intensive firms look artificially cheap. Utilities and telecom are the classic trap: fine EV/EBITDA, brutal ongoing capex.
Heatmap data updates through the trading session. Fundamentals come from Finnhub and SEC filings; scores are simplified heuristics for screening — not investment advice.