Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBITDA ratio high or low?
The EV/EBITDA ratio of 21.74x is 17% below its 5-year average of 26.16x, near the low end of its 5-year range (11.62x–110.86x).
As of Saturday, July 25, 2026. 63.03% below its 12-month average of 58.80x.
EV/EBITDA RATIO
21.74x
EV/EBITDA RATIO AVG TTM
58.80x
EV/EBITDA RATIO AVG 3Y
19.22x
EV/EBITDA RATIO AVG 5Y
18.47x
EV/EBITDA RATIO AVG 10Y
16.94x
EV/EBITDA RATIO AVG 15Y
14.99x
EV/EBITDA RATIO AVG 20Y
13.72x
CURRENT VS TTM AVG
-63.03%
CURRENT VS 3Y AVG
+13.11%
CURRENT VS 5Y AVG
+17.69%
CURRENT VS 10Y AVG
+28.33%
CURRENT VS 15Y AVG
+45.06%
CURRENT VS 20Y AVG
+58.40%
SECTOR MEDIAN · BASIC MATERIALS
13.27x
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
+63.89%
vs the sector median at left
Air Products and Chemicals, Inc.
Market Cap
$66.33B
EV/EBITDA Ratio
21.74x
TTM Avg
58.80x
3Y Avg
19.22x
5Y Avg
18.47x
Market Cap
$62.20B
EV/EBITDA Ratio
5.01x
TTM Avg
6.64x
3Y Avg
5.89x
5Y Avg
5.72x
Market Cap
$78.31B
EV/EBITDA Ratio
20.63x
TTM Avg
22.28x
3Y Avg
22.26x
5Y Avg
22.84x
Market Cap
$50.63B
EV/EBITDA Ratio
21.32x
TTM Avg
36.11x
3Y Avg
33.40x
5Y Avg
28.50x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Air Products and Chemicals, Inc. (APD) | $66.33B | 21.74x | 58.80x | 19.22x | 18.47x |
| CRH plc (CRH)vs › | $66.73B | 7.71x | 11.38x | 10.81x | 8.44x |
| Vale S.A. (VALE)vs › | $63.07B | 5.40x | 6.06x | 4.62x | 4.18x |
| Barrick Mining Corporation (B)vs › | $62.20B | 5.01x | 6.64x | 5.89x | 5.72x |
| Corteva, Inc. (CTVA)vs › | $59.69B | 14.91x | 13.20x | 12.84x | 13.40x |
| Ecolab Inc. (ECL)vs › | $75.64B | 23.76x | 24.01x | 22.96x | 23.12x |
| Nucor Corporation (NUE)vs › | $56.38B | 12.68x | 11.24x | 8.03x | 6.53x |
| The Sherwin-Williams Company (SHW)vs › | $78.31B | 20.63x | 22.28x | 22.26x | 22.84x |
| Wheaton Precious Metals Corp. (WPM)vs › | $50.63B | 21.32x | 36.11x | 33.40x | 28.50x |
| Freeport-McMoRan Inc. (FCX)vs › | $90.02B | 9.63x | 9.28x | 8.28x | 7.49x |
At 21.7, EV/EBITDA is richer than usual, sitting higher than 95% of its 20-year history.
20-year low
5.2
median
13.7
20-year high
110.9
EV/EBITDA = Enterprise Value / EBITDA (TTM)
Enterprise value to EBITDA is a capital-structure-neutral valuation multiple, useful for comparing companies with different debt levels and tax rates.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBITDA RATIO |
|---|---|
| 2026-07-24 | 21.74x |
| 2026-07-23 | 21.54x |
| 2026-07-22 | 21.69x |
| 2026-07-21 | 21.66x |
| 2026-07-20 | 21.67x |
| 2026-07-17 | 21.61x |
| 2026-07-16 | 21.71x |
| 2026-07-15 | 21.50x |
| 2026-07-14 | 21.83x |
| 2026-07-13 | 21.98x |
| 2026-07-10 | 21.84x |
| 2026-07-09 | 21.63x |
| 2026-07-08 | 21.68x |
| 2026-07-07 | 22.16x |
| 2026-07-06 | 22.38x |
| 2026-07-02 | 22.69x |
| 2026-07-01 | 22.24x |
| 2026-06-30 | 21.47x |
| 2026-06-29 | 20.21x |
| 2026-06-26 | 20.58x |
| 2026-06-25 | 20.71x |
| 2026-06-24 | 20.64x |
| 2026-06-23 | 20.85x |
| 2026-06-22 | 20.89x |
| 2026-06-18 | 20.72x |
| 2026-06-17 | 20.81x |
| 2026-06-16 | 20.74x |
| 2026-06-15 | 20.88x |
| 2026-06-12 | 20.80x |
| 2026-06-11 | 20.60x |
| 2026-06-10 | 20.51x |
| 2026-06-09 | 20.88x |
| 2026-06-08 | 20.52x |
| 2026-06-05 | 20.85x |
| 2026-06-04 | 20.87x |
| 2026-06-03 | 20.84x |
| 2026-06-02 | 20.67x |
| 2026-06-01 | 20.65x |
| 2026-05-29 | 20.63x |
| 2026-05-28 | 20.92x |
| 2026-05-27 | 21.04x |
| 2026-05-26 | 21.27x |
| 2026-05-22 | 21.26x |
| 2026-05-21 | 21.30x |
| 2026-05-20 | 21.24x |
| 2026-05-19 | 21.39x |
| 2026-05-18 | 21.48x |
| 2026-05-15 | 21.60x |
| 2026-05-14 | 21.86x |
| 2026-05-13 | 22.23x |
| 2026-05-12 | 22.08x |
| 2026-05-11 | 22.13x |
| 2026-05-08 | 21.60x |
| 2026-05-07 | 21.58x |
| 2026-05-06 | 21.88x |
| 2026-05-05 | 22.09x |
| 2026-05-04 | 21.77x |
| 2026-05-01 | 21.93x |
| 2026-04-30 | 21.87x |
| 2026-04-29 | 108.11x |
| 2026-04-28 | 108.35x |
| 2026-04-27 | 108.07x |
| 2026-04-24 | 107.90x |
| 2026-04-23 | 108.43x |
| 2026-04-22 | 106.47x |
| 2026-04-21 | 105.91x |
| 2026-04-20 | 106.30x |
| 2026-04-17 | 105.06x |
| 2026-04-16 | 106.61x |
| 2026-04-15 | 106.03x |
| 2026-04-14 | 106.43x |
| 2026-04-13 | 107.01x |
| 2026-04-10 | 107.03x |
| 2026-04-09 | 106.75x |
| 2026-04-08 | 106.43x |
| 2026-04-07 | 105.23x |
| 2026-04-06 | 105.72x |
| 2026-04-02 | 105.56x |
| 2026-04-01 | 104.38x |
| 2026-03-31 | 104.68x |
| 2026-03-30 | 104.99x |
| 2026-03-27 | 105.17x |
| 2026-03-26 | 105.45x |
| 2026-03-25 | 104.57x |
| 2026-03-24 | 103.48x |
| 2026-03-23 | 101.31x |
| 2026-03-20 | 101.98x |
| 2026-03-19 | 102.88x |
| 2026-03-18 | 102.10x |
| 2026-03-17 | 103.45x |
| 2026-03-16 | 104.30x |
| 2026-03-13 | 103.97x |
| 2026-03-12 | 104.68x |
| 2026-03-11 | 101.04x |
| 2026-03-10 | 100.30x |
| 2026-03-09 | 100.10x |
| 2026-03-06 | 99.46x |
| 2026-03-05 | 100.65x |
| 2026-03-04 | 100.04x |
| 2026-03-03 | 99.71x |
| 2026-03-02 | 100.68x |
| 2026-02-27 | 100.46x |
| 2026-02-26 | 100.62x |
| 2026-02-25 | 101.78x |
| 2026-02-24 | 101.54x |
| 2026-02-23 | 102.62x |
| 2026-02-20 | 102.03x |
| 2026-02-19 | 101.90x |
| 2026-02-18 | 102.37x |
| 2026-02-17 | 101.04x |
| 2026-02-13 | 101.62x |
| 2026-02-12 | 104.97x |
| 2026-02-11 | 105.44x |
| 2026-02-10 | 104.76x |
| 2026-02-09 | 103.51x |
| 2026-02-06 | 102.58x |
| 2026-02-05 | 102.69x |
| 2026-02-04 | 103.57x |
| 2026-02-03 | 101.11x |
| 2026-02-02 | 99.13x |
| 2026-01-30 | 99.56x |
| 2026-01-29 | 107.13x |
| 2026-01-28 | 107.08x |
| 2026-01-27 | 108.13x |
| 2026-01-26 | 109.27x |
| 2026-01-23 | 108.85x |
| 2026-01-22 | 109.73x |
| 2026-01-21 | 109.43x |
| 2026-01-20 | 107.83x |
| 2026-01-16 | 110.86x |
| 2026-01-15 | 110.36x |
| 2026-01-14 | 110.77x |
| 2026-01-13 | 110.42x |
| 2026-01-12 | 110.70x |
| 2026-01-09 | 109.62x |
| 2026-01-08 | 108.81x |
| 2026-01-07 | 109.02x |
| 2026-01-06 | 107.89x |
| 2026-01-05 | 106.42x |
| 2026-01-02 | 105.33x |
| 2025-12-31 | 104.21x |
| 2025-12-30 | 104.79x |
| 2025-12-29 | 104.48x |
| 2025-12-26 | 104.34x |
| 2025-12-24 | 103.82x |
| 2025-12-23 | 103.48x |
| 2025-12-22 | 103.48x |
| 2025-12-19 | 101.92x |
| 2025-12-18 | 103.15x |
| 2025-12-17 | 104.00x |
| 2025-12-16 | 102.66x |
| 2025-12-15 | 103.55x |
| 2025-12-12 | 102.90x |
| 2025-12-11 | 103.14x |
| 2025-12-10 | 100.86x |
| 2025-12-09 | 98.93x |
| 2025-12-08 | 100.65x |
| 2025-12-05 | 108.64x |
| 2025-12-04 | 108.94x |
| 2025-12-03 | 108.53x |
| 2025-12-02 | 107.37x |
| 2025-12-01 | 108.70x |
| 2025-11-28 | 108.76x |
| 2025-11-26 | 108.08x |
| 2025-11-25 | 108.07x |
| 2025-11-24 | 107.31x |
| 2025-11-21 | 107.56x |
| 2025-11-20 | 105.53x |
| 2025-11-19 | 23.66x |
| 2025-11-18 | 23.58x |
| 2025-11-17 | 23.65x |
| 2025-11-14 | 24.10x |
| 2025-11-13 | 24.37x |
| 2025-11-12 | 24.26x |
| 2025-11-11 | 24.31x |
| 2025-11-10 | 24.04x |
| 2025-11-07 | 24.13x |
| 2025-11-06 | 24.06x |
| 2025-11-05 | 22.52x |
| 2025-11-04 | 22.75x |
| 2025-11-03 | 22.65x |
| 2025-10-31 | 22.88x |
| 2025-10-30 | 23.03x |
| 2025-10-29 | 23.30x |
| 2025-10-28 | 23.75x |
| 2025-10-27 | 23.84x |
| 2025-10-24 | 23.78x |
| 2025-10-23 | 23.78x |
| 2025-10-22 | 23.65x |
| 2025-10-21 | 23.77x |
| 2025-10-20 | 23.73x |
| 2025-10-17 | 23.66x |
| 2025-10-16 | 23.65x |
| 2025-10-15 | 23.96x |
| 2025-10-14 | 24.30x |
| 2025-10-13 | 24.21x |
| 2025-10-10 | 23.94x |
| 2025-10-09 | 24.35x |
| 2025-10-08 | 24.78x |
| 2025-10-07 | 24.94x |
| 2025-10-06 | 24.95x |
| 2025-10-03 | 24.99x |
| 2025-10-02 | 24.92x |
| 2025-10-01 | 24.78x |
| 2025-09-30 | 25.08x |
| 2025-09-29 | 24.91x |
| 2025-09-26 | 24.64x |
| 2025-09-25 | 24.57x |
| 2025-09-24 | 25.05x |
| 2025-09-23 | 25.36x |
| 2025-09-22 | 26.15x |
| 2025-09-19 | 26.35x |
| 2025-09-18 | 26.51x |
| 2025-09-17 | 26.38x |
| 2025-09-16 | 25.97x |
| 2025-09-15 | 26.30x |
| 2025-09-12 | 26.54x |
| 2025-09-11 | 26.66x |
| 2025-09-10 | 26.15x |
| 2025-09-09 | 26.13x |
| 2025-09-08 | 26.26x |
| 2025-09-05 | 26.32x |
| 2025-09-04 | 26.33x |
| 2025-09-03 | 26.43x |
| 2025-09-02 | 26.49x |
| 2025-08-29 | 26.63x |
| 2025-08-28 | 26.70x |
| 2025-08-27 | 26.67x |
| 2025-08-26 | 26.62x |
| 2025-08-25 | 26.64x |
| 2025-08-22 | 27.01x |
| 2025-08-21 | 26.59x |
| 2025-08-20 | 26.51x |
| 2025-08-19 | 26.35x |
| 2025-08-18 | 26.20x |
| 2025-08-15 | 26.37x |
| 2025-08-14 | 26.49x |
| 2025-08-13 | 26.64x |
| 2025-08-12 | 26.28x |
| 2025-08-11 | 25.89x |
| 2025-08-08 | 26.24x |
| 2025-08-07 | 26.23x |
| 2025-08-06 | 26.27x |
| 2025-08-05 | 26.52x |
| 2025-08-04 | 26.15x |
| 2025-08-01 | 25.73x |
| 2025-07-31 | 26.18x |
| 2025-07-30 | 26.81x |
| 2025-07-29 | 27.19x |
| 2025-07-28 | 27.22x |
| 2025-07-25 | 27.50x |
| 2025-07-24 | 27.35x |
| 2025-07-23 | 27.40x |
| 2025-07-22 | 27.41x |
| 2025-07-21 | 27.08x |
| 2025-07-18 | 27.20x |
| 2025-07-17 | 27.07x |
| 2025-07-16 | 26.73x |
| 2025-07-15 | 26.55x |
| 2025-07-14 | 26.87x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
