Basis: Current FMP quote-based enterprise value / four-quarter operating income plus matched D&A. 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 40.38x is 24% below its estimated 5-year average of 53.07x, near the low end of its estimated 5-year range (28.01x–273.17x).
As of 2026-09-18T00:00:17.752Z. 69.51% below its estimated 12-month average of 132.46x.
Calculation as of: 2026-09-18T00:00:17.752Z.
Quote observation: 2026-09-17T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 8cbd01a011ef7df154b520a5056682bd342e29b6eaeca8f5e985df1ee52a6d1a
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation. Historical series through 2026-09-11.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
EV/EBITDA RATIO
40.38x
EV/EBITDA RATIO AVG TTM
132.46x
EV/EBITDA RATIO AVG 3Y
74.61x
EV/EBITDA RATIO AVG 5Y
53.07x
EV/EBITDA RATIO AVG 10Y
38.28x
EV/EBITDA RATIO AVG 15Y
34.62x
EV/EBITDA RATIO AVG 20Y
30.39x
CURRENT VS TTM AVG
-69.51%
CURRENT VS 3Y AVG
-45.88%
CURRENT VS 5Y AVG
-23.91%
CURRENT VS 10Y AVG
+5.48%
CURRENT VS 15Y AVG
+16.64%
CURRENT VS 20Y AVG
+32.85%
SECTOR MEDIAN · INDUSTRIALS
16.37x
median of 129 covered companies
CURRENT VS SECTOR MEDIAN
+146.67%
vs the sector median at left
AeroVironment, Inc.
Market Cap
$8.27B
EV/EBITDA Ratio
40.38x
TTM Avg
132.46x
3Y Avg
74.61x
5Y Avg
53.07x
Market Cap
$7.89B
EV/EBITDA Ratio
11.02x
TTM Avg
11.89x
3Y Avg
12.97x
5Y Avg
13.50x
Market Cap
$8.94B
EV/EBITDA Ratio
67.54x
TTM Avg
146.81x
3Y Avg
91.18x
5Y Avg
70.16x
Market Cap
$9.12B
EV/EBITDA Ratio
14.61x
TTM Avg
17.81x
3Y Avg
15.03x
5Y Avg
15.12x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| AeroVironment, Inc. (AVAV) | $8.27B | 40.38x | 132.46x | 74.61x | 53.07x |
| Aecom (ACM)vs › | $8.15B | N/A | 12.25x | 17.86x | 16.97x |
| AGCO Corporation (AGCO)vs › | $8.51B | 7.91x | 9.43x | 7.51x | 7.58x |
| A. O. Smith Corporation (AOS)vs › | $7.89B | 11.02x | 11.89x | 12.97x | 13.50x |
| Fluor Corporation (FLR)vs › | $7.68B | N/A | 15.58x | 32.88x | 38.54x |
| Pentair plc (PNR)vs › | $8.90B | 11.70x | 17.02x | 18.04x | 16.97x |
| Kratos Defense & Security Solutions, Inc. (KTOS)vs › | $8.94B | 67.54x | 146.81x | 91.18x | 70.16x |
| Saia, Inc. (SAIA)vs › | $9.12B | 14.81x | 16.53x | 17.08x | 15.63x |
| Valmont Industries, Inc. (VMI)vs › | $9.12B | 14.61x | 17.81x | 15.03x | 15.12x |
| Matson, Inc. (MATX)vs › | $7.10B | 9.98x | 7.42x | 6.84x | 5.33x |
At 40.4, EV/EBITDA is above its estimated 19-year median — higher than 67% of readings in its estimated 19-year history.
Historical values estimate market capitalization from statement-period weighted shares. Comparisons with the current quote-based value are approximate. Only filing versions delivered by FMP are available for the historical calculation.
estimated 19-year low
7.3
median
29.7
estimated 19-year high
1667.2
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 |
|---|---|
| 2026-09-11 | 36.00x |
| 2026-09-10 | 36.08x |
| 2026-09-09 | 38.85x |
| 2026-09-08 | 40.92x |
| 2026-09-04 | 39.85x |
| 2026-09-03 | 40.51x |
| 2026-09-02 | 40.04x |
| 2026-09-01 | 39.72x |
| 2026-08-31 | 40.81x |
| 2026-08-28 | 40.70x |
| 2026-08-27 | 41.83x |
| 2026-08-26 | 40.43x |
| 2026-08-25 | 40.57x |
| 2026-08-24 | 40.77x |
| 2026-08-21 | 43.88x |
| 2026-08-20 | 43.77x |
| 2026-08-19 | 47.13x |
| 2026-08-18 | 47.49x |
| 2026-08-17 | 49.30x |
| 2026-08-14 | 52.33x |
| 2026-08-13 | 51.46x |
| 2026-08-12 | 52.59x |
| 2026-08-11 | 53.17x |
| 2026-08-10 | 51.38x |
| 2026-08-07 | 50.76x |
| 2026-08-06 | 46.71x |
| 2026-08-05 | 45.92x |
| 2026-08-04 | 46.17x |
| 2026-08-03 | 43.61x |
| 2026-07-31 | 41.07x |
| 2026-07-30 | 40.35x |
| 2026-07-29 | 39.19x |
| 2026-07-28 | 42.88x |
| 2026-07-27 | 42.33x |
| 2026-07-24 | 41.11x |
| 2026-07-23 | 43.50x |
| 2026-07-22 | 41.33x |
| 2026-07-21 | 40.93x |
| 2026-07-20 | 39.32x |
| 2026-07-17 | 39.21x |
| 2026-07-16 | 41.05x |
| 2026-07-15 | 38.96x |
| 2026-07-14 | 39.54x |
| 2026-07-13 | 39.11x |
| 2026-07-10 | 39.83x |
| 2026-07-09 | 40.82x |
| 2026-07-08 | 43.25x |
| 2026-07-07 | 44.48x |
| 2026-07-06 | 48.19x |
| 2026-07-02 | 51.84x |
| 2026-07-01 | 47.05x |
| 2026-06-30 | 45.14x |
| 2026-06-29 | 72.05x |
| 2026-06-26 | 71.54x |
| 2026-06-25 | 70.93x |
| 2026-06-24 | 73.58x |
| 2026-06-23 | 76.90x |
| 2026-06-22 | 77.98x |
| 2026-06-18 | 86.77x |
| 2026-06-17 | 85.57x |
| 2026-06-16 | 85.38x |
| 2026-06-15 | 87.90x |
| 2026-06-12 | 87.24x |
| 2026-06-11 | 93.55x |
| 2026-06-10 | 88.37x |
| 2026-06-09 | 90.09x |
| 2026-06-08 | 94.02x |
| 2026-06-05 | 94.62x |
| 2026-06-04 | 103.51x |
| 2026-06-03 | 97.29x |
| 2026-06-02 | 103.49x |
| 2026-06-01 | 103.36x |
| 2026-05-29 | 104.88x |
| 2026-05-28 | 108.32x |
| 2026-05-27 | 92.39x |
| 2026-05-26 | 92.86x |
| 2026-05-22 | 89.00x |
| 2026-05-21 | 83.64x |
| 2026-05-20 | 84.01x |
| 2026-05-19 | 82.26x |
| 2026-05-18 | 82.88x |
| 2026-05-15 | 81.19x |
| 2026-05-14 | 84.69x |
| 2026-05-13 | 82.63x |
| 2026-05-12 | 86.41x |
| 2026-05-11 | 85.25x |
| 2026-05-08 | 86.14x |
| 2026-05-07 | 86.09x |
| 2026-05-06 | 89.06x |
| 2026-05-05 | 85.37x |
| 2026-05-04 | 91.90x |
| 2026-05-01 | 94.16x |
| 2026-04-30 | 99.00x |
| 2026-04-29 | 93.46x |
| 2026-04-28 | 97.71x |
| 2026-04-27 | 99.34x |
| 2026-04-24 | 99.60x |
| 2026-04-23 | 102.31x |
| 2026-04-22 | 106.25x |
| 2026-04-21 | 106.24x |
| 2026-04-20 | 100.06x |
| 2026-04-17 | 97.27x |
| 2026-04-16 | 102.35x |
| 2026-04-15 | 100.63x |
| 2026-04-14 | 98.76x |
| 2026-04-13 | 98.70x |
| 2026-04-10 | 91.64x |
| 2026-04-09 | 90.67x |
| 2026-04-08 | 95.11x |
| 2026-04-07 | 95.07x |
| 2026-04-06 | 96.23x |
| 2026-04-02 | 93.87x |
| 2026-04-01 | 93.46x |
| 2026-03-31 | 93.24x |
| 2026-03-30 | 90.32x |
| 2026-03-27 | 93.90x |
| 2026-03-26 | 99.43x |
| 2026-03-25 | 100.92x |
| 2026-03-24 | 99.56x |
| 2026-03-23 | 104.41x |
| 2026-03-20 | 100.30x |
| 2026-03-19 | 106.85x |
| 2026-03-18 | 109.02x |
| 2026-03-17 | 112.22x |
| 2026-03-16 | 107.11x |
| 2026-03-13 | 104.79x |
| 2026-03-12 | 107.11x |
| 2026-03-11 | 105.11x |
| 2026-03-10 | 138.85x |
| 2026-03-09 | 142.29x |
| 2026-03-06 | 143.80x |
| 2026-03-05 | 138.24x |
| 2026-03-04 | 141.80x |
| 2026-03-03 | 142.90x |
| 2026-03-02 | 130.89x |
| 2026-02-27 | 157.30x |
| 2026-02-26 | 161.73x |
| 2026-02-25 | 159.08x |
| 2026-02-24 | 163.31x |
| 2026-02-23 | 162.76x |
| 2026-02-20 | 164.74x |
| 2026-02-19 | 174.98x |
| 2026-02-18 | 165.24x |
| 2026-02-17 | 163.75x |
| 2026-02-13 | 152.26x |
| 2026-02-12 | 147.00x |
| 2026-02-11 | 151.99x |
| 2026-02-10 | 163.92x |
| 2026-02-09 | 170.58x |
| 2026-02-06 | 160.27x |
| 2026-02-05 | 148.06x |
| 2026-02-04 | 160.33x |
| 2026-02-03 | 177.23x |
| 2026-02-02 | 167.96x |
| 2026-01-30 | 173.01x |
| 2026-01-29 | 181.93x |
| 2026-01-28 | 190.18x |
| 2026-01-27 | 191.76x |
| 2026-01-26 | 187.61x |
| 2026-01-23 | 190.66x |
| 2026-01-22 | 193.29x |
| 2026-01-21 | 197.81x |
| 2026-01-20 | 204.58x |
| 2026-01-16 | 241.83x |
| 2026-01-15 | 233.24x |
| 2026-01-14 | 235.18x |
| 2026-01-13 | 224.40x |
| 2026-01-12 | 228.50x |
| 2026-01-09 | 225.08x |
| 2026-01-08 | 213.03x |
| 2026-01-07 | 197.11x |
| 2026-01-06 | 196.24x |
| 2026-01-05 | 184.45x |
| 2026-01-02 | 159.67x |
| 2025-12-31 | 151.07x |
| 2025-12-30 | 152.34x |
| 2025-12-29 | 155.43x |
| 2025-12-26 | 158.95x |
| 2025-12-24 | 162.38x |
| 2025-12-23 | 162.65x |
| 2025-12-22 | 159.18x |
| 2025-12-19 | 151.74x |
| 2025-12-18 | 144.33x |
| 2025-12-17 | 143.38x |
| 2025-12-16 | 146.72x |
| 2025-12-15 | 147.12x |
| 2025-12-12 | 149.33x |
| 2025-12-11 | 155.79x |
| 2025-12-10 | 153.09x |
| 2025-12-09 | 188.21x |
| 2025-12-08 | 188.91x |
| 2025-12-05 | 186.21x |
| 2025-12-04 | 192.20x |
| 2025-12-03 | 181.84x |
| 2025-12-02 | 177.32x |
| 2025-12-01 | 172.59x |
| 2025-11-28 | 186.92x |
| 2025-11-26 | 186.74x |
| 2025-11-25 | 186.26x |
| 2025-11-24 | 185.28x |
| 2025-11-21 | 182.34x |
| 2025-11-20 | 183.29x |
| 2025-11-19 | 187.56x |
| 2025-11-18 | 187.90x |
| 2025-11-17 | 189.70x |
| 2025-11-14 | 194.69x |
| 2025-11-13 | 197.52x |
| 2025-11-12 | 215.93x |
| 2025-11-11 | 219.09x |
| 2025-11-10 | 222.91x |
| 2025-11-07 | 220.12x |
| 2025-11-06 | 219.18x |
| 2025-11-05 | 234.05x |
| 2025-11-04 | 243.56x |
| 2025-11-03 | 245.41x |
| 2025-10-31 | 246.76x |
| 2025-10-30 | 244.06x |
| 2025-10-29 | 253.86x |
| 2025-10-28 | 253.39x |
| 2025-10-27 | 253.52x |
| 2025-10-24 | 252.47x |
| 2025-10-23 | 243.03x |
| 2025-10-22 | 237.01x |
| 2025-10-21 | 251.57x |
| 2025-10-20 | 242.87x |
| 2025-10-17 | 233.97x |
| 2025-10-16 | 249.53x |
| 2025-10-15 | 256.53x |
| 2025-10-14 | 267.74x |
| 2025-10-13 | 273.17x |
| 2025-10-10 | 261.56x |
| 2025-10-09 | 265.53x |
| 2025-10-08 | 271.63x |
| 2025-10-07 | 263.44x |
| 2025-10-06 | 261.29x |
| 2025-10-03 | 249.89x |
| 2025-10-02 | 240.39x |
| 2025-10-01 | 230.99x |
| 2025-09-30 | 210.36x |
| 2025-09-29 | 206.25x |
| 2025-09-26 | 201.30x |
| 2025-09-25 | 201.69x |
| 2025-09-24 | 201.51x |
| 2025-09-23 | 199.59x |
| 2025-09-22 | 192.62x |
| 2025-09-19 | 186.31x |
| 2025-09-18 | 189.54x |
| 2025-09-17 | 182.03x |
| 2025-09-16 | 177.93x |
| 2025-09-15 | 168.11x |
| 2025-09-12 | 162.80x |
| 2025-09-11 | 162.01x |
| 2025-09-10 | 165.47x |
| 2025-09-09 | 80.11x |
| 2025-09-08 | 82.15x |
| 2025-09-05 | 78.41x |
| 2025-09-04 | 78.65x |
| 2025-09-03 | 82.61x |
| 2025-09-02 | 83.23x |
| 2025-08-29 | 83.69x |
Showing the most recent 260 of 4,440 data points. The chart above shows the full history.