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Sea Ltd
NYSE:SE

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Sea Ltd
NYSE:SE
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Price: 89.34 USD -2.18% Market Closed
Market Cap: $48.8B

EV/EBITDA

20.1
Current
55%
Cheaper
vs 3-y average of 44.3

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
20.1
=
Enterprise Value
$47.5B
/
EBITDA
$2B

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
20.1
=
Enterprise Value
$47.5B
/
EBITDA
$2B

Valuation Scenarios

Sea Ltd is trading below its 3-year average

If EV/EBITDA returns to its 3-Year Average (44.3), the stock would be worth $197.45 (121% upside from current price).

Statistics
Positive Scenarios
1/3
Maximum Downside
-55%
Maximum Upside
+121%
Average Upside
4%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 20.1 $89.34
0%
3-Year Average 44.3 $197.45
+121%
Industry Average 9.3 $41.43
-54%
Country Average 9.1 $40.36
-55%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
$47.5B
/
Jan 2026
$2B
=
20.1
Current
$47.5B
/
Dec 2026
$3.8B
=
12.5
Forward
$47.5B
/
Dec 2027
$5B
=
9.5
Forward
$47.5B
/
Dec 2028
$6.2B
=
7.7
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
SG
Sea Ltd
NYSE:SE
52.9B USD 20.1 33.3
CN
NetEase Inc
NASDAQ:NTES
76.2B USD 9.7 15.5
US
Activision Blizzard Inc
LSE:0H8X
74.1B USD 24.6 34.2
JP
Nintendo Co Ltd
TSE:7974
9.9T JPY 21.6 24.7
US
Electronic Arts Inc
NASDAQ:EA
50.8B USD 37.7 74.8
US
Roblox Corp
NYSE:RBLX
43.8B USD -41.9 -41.1
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
40.1B USD 41.3 -10.1
CN
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
127.8B CNY 20.8 33.9
JP
Konami Holdings Corp
TSE:9766
2.9T JPY 17.7 33.6
JP
Nexon Co Ltd
TSE:3659
2.2T JPY 10.4 24.1
JP
Konami Group Corp
XMUN:KOA
9.8B EUR 10.4 20.8
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
SG
Sea Ltd
NYSE:SE
Average EV/EBITDA: 21.4
20.1
46%
0.4
CN
NetEase Inc
NASDAQ:NTES
9.7
12%
0.8
US
A
Activision Blizzard Inc
LSE:0H8X
24.6
30%
0.8
JP
Nintendo Co Ltd
TSE:7974
21.6
33%
0.7
US
Electronic Arts Inc
NASDAQ:EA
37.7
20%
1.9
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -41.9 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
41.3
58%
0.7
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
20.8
61%
0.3
JP
Konami Holdings Corp
TSE:9766
17.7
15%
1.2
JP
N
Nexon Co Ltd
TSE:3659
10.4
16%
0.6
JP
K
Konami Group Corp
XMUN:KOA
10.4
15%
0.7
P/E Multiple
Earnings Growth PEG
SG
Sea Ltd
NYSE:SE
Average P/E: 32.8
33.3
27%
1.2
CN
NetEase Inc
NASDAQ:NTES
15.5
14%
1.1
US
A
Activision Blizzard Inc
LSE:0H8X
34.2
36%
1
JP
Nintendo Co Ltd
TSE:7974
24.7
26%
1
US
Electronic Arts Inc
NASDAQ:EA
74.8
32%
2.3
US
Roblox Corp
NYSE:RBLX
Negative Multiple: -41.1 N/A N/A
US
Take-Two Interactive Software Inc
NASDAQ:TTWO
Negative Multiple: -10.1 N/A N/A
CN
Z
Zhejiang Century Huatong Group Co Ltd
SZSE:002602
33.9
104%
0.3
JP
Konami Holdings Corp
TSE:9766
33.6
22%
1.5
JP
N
Nexon Co Ltd
TSE:3659
24.1
18%
1.3
JP
K
Konami Group Corp
XMUN:KOA
20.8
22%
0.9

Market Distribution

Higher than 73% of companies in Singapore
Percentile
73rd
Based on 540 companies
73rd percentile
20.1
Low
0 — 5.3
Typical Range
5.3 — 17.7
High
17.7 —
Distribution Statistics
Singapore
Min 0
30th Percentile 5.3
Median 9.1
70th Percentile 17.7
Max 4 149.6

Sea Ltd
Glance View

In the digital heart of Southeast Asia, Sea Ltd. has carved out a formidable presence, weaving together strands of e-commerce, digital entertainment, and financial technology into a comprehensive ecosystem. Founded in 2009 and headquartered in Singapore, Sea Ltd. embarked on its journey with Garena, a digital entertainment platform. This platform, predominantly known for its game publishing prowess, brought global hits like "Free Fire" to millions across the region, fostering an engaged community that fuels its robust revenue stream from in-game purchases and advertising. Garena's success laid the foundation for Sea's expansion into other sectors, characterized by a relentless focus on understanding and meeting the unique needs of the burgeoning digital economy in Southeast Asia. Building on this solid gaming foundation, Sea Ltd. introduced Shopee, an e-commerce platform launched in 2015, which quickly rose to prominence by offering a localized approach in each market it entered. Shopee distinguished itself with a mobile-first strategy, emphasizing social interactions and engagement through in-app games and live-streaming, which bolstered user retention and spurred sales growth. Complementing these offerings is SeaMoney, their digital financial services arm designed to address the vast underbanked population in the region. Through digital wallets, payment processing, and other financial solutions, SeaMoney integrates seamlessly with Shopee, creating a loop that enhances user experience and loyalty across Sea's platforms. This strategic interplay between gaming, ecommerce, and fintech illustrates Sea Ltd.'s multifaceted approach to capturing and monetizing the diverse digital demands of its audience.

SE Intrinsic Value
137.44 USD
Undervaluation 35%
Intrinsic Value
Price $89.34
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