market cap 是你對我錯了。不過

Dell Technologies'

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the latest twelve months ending July 31, 2025, was approximately $10.14 billion

DELL cap is 96 B,  long term debt 17B,  for TTM  EV/EBITDA = 113/10 = 11

IREN:  EV / EBITDA = 19 000/ (4*92)  = 19000 / 400  = 45