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 14.98x is 17% below its estimated 5-year average of 18.01x, near the low end of its estimated 5-year range (13.92x–24.34x).
As of 2026-09-12T00:15:12.953Z. 0.82% above its estimated 12-month average of 14.86x.
Calculation as of: 2026-09-12T00:15:12.953Z.
Quote observation: 2026-09-11T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 682e89ca4142f99a7c99a3a10b810bc5bb6d0fb9a3d97b132cbf7ea3813e1ffc
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 2026-09-10.
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
14.98x
EV/EBITDA RATIO AVG TTM
14.86x
EV/EBITDA RATIO AVG 3Y
16.14x
EV/EBITDA RATIO AVG 5Y
18.01x
EV/EBITDA RATIO AVG 10Y
17.29x
EV/EBITDA RATIO AVG 15Y
15.06x
EV/EBITDA RATIO AVG 20Y
14.83x
CURRENT VS TTM AVG
+0.82%
CURRENT VS 3Y AVG
-7.16%
CURRENT VS 5Y AVG
-16.84%
CURRENT VS 10Y AVG
-13.38%
CURRENT VS 15Y AVG
-0.52%
CURRENT VS 20Y AVG
+1.02%
SECTOR MEDIAN · UTILITIES
12.87x
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
+16.39%
vs the sector median at left
American Water Works Company, Inc.
Market Cap
$27.36B
EV/EBITDA Ratio
14.98x
TTM Avg
14.86x
3Y Avg
16.14x
5Y Avg
18.01x
Market Cap
$27.24B
EV/EBITDA Ratio
14.24x
TTM Avg
15.90x
3Y Avg
14.89x
5Y Avg
15.24x
Market Cap
$27.59B
EV/EBITDA Ratio
14.02x
TTM Avg
13.71x
3Y Avg
12.72x
5Y Avg
12.97x
Market Cap
$26.69B
EV/EBITDA Ratio
11.88x
TTM Avg
12.16x
3Y Avg
12.53x
5Y Avg
13.04x
Market Cap
$25.76B
EV/EBITDA Ratio
13.02x
TTM Avg
13.89x
3Y Avg
12.63x
5Y Avg
12.47x
Market Cap
$29.03B
EV/EBITDA Ratio
13.34x
TTM Avg
13.81x
3Y Avg
13.14x
5Y Avg
13.25x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| American Water Works Company, Inc. (AWK) | $27.36B | 14.98x | 14.86x | 16.14x | 18.01x |
| Atmos Energy Corporation (ATO)vs › | $27.24B | 14.24x | 15.90x | 14.89x | 15.24x |
| DTE Energy Company (DTE)vs › | $27.59B | 14.02x | 13.71x | 12.72x | 12.97x |
| FirstEnergy Corp. (FE)vs › | $26.69B | 11.88x | 12.16x | 12.53x | 13.04x |
| Eversource Energy (ES)vs › | $25.77B | 9.95x | 10.34x | 12.10x | 12.87x |
| CenterPoint Energy, Inc. (CNP)vs › | $25.76B | 13.02x | 13.89x | 12.63x | 12.47x |
| Ameren Corporation (AEE)vs › | $29.03B | 13.34x | 13.81x | 13.14x | 13.25x |
| PPL Corporation (PPL)vs › | $25.65B | 12.10x | 12.89x | 12.69x | 12.33x |
| NRG Energy, Inc. (NRG)vs › | $23.94B | 11.28x | 13.27x | 10.75x | 8.15x |
| Edison International (EIX)vs › | $21.55B | 8.28x | 8.34x | 10.15x | 11.76x |
At 15.0, EV/EBITDA is near its estimated 18-year median — higher than 52% of readings in its estimated 18-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 18-year low
9.0
median
14.7
estimated 18-year high
2893.0
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 |
|---|---|
| 2026-09-10 | 15.00x |
| 2026-09-09 | 15.03x |
| 2026-09-08 | 15.03x |
| 2026-09-04 | 15.05x |
| 2026-09-03 | 15.07x |
| 2026-09-02 | 14.97x |
| 2026-09-01 | 14.83x |
| 2026-08-31 | 14.89x |
| 2026-08-28 | 14.89x |
| 2026-08-27 | 14.78x |
| 2026-08-26 | 14.84x |
| 2026-08-25 | 14.84x |
| 2026-08-24 | 15.00x |
| 2026-08-21 | 14.69x |
| 2026-08-20 | 14.82x |
| 2026-08-19 | 14.92x |
| 2026-08-18 | 14.75x |
| 2026-08-17 | 14.62x |
| 2026-08-14 | 14.75x |
| 2026-08-13 | 14.77x |
| 2026-08-12 | 14.66x |
| 2026-08-11 | 14.74x |
| 2026-08-10 | 14.70x |
| 2026-08-07 | 14.69x |
| 2026-08-06 | 14.66x |
| 2026-08-05 | 14.61x |
| 2026-08-04 | 14.60x |
| 2026-08-03 | 14.42x |
| 2026-07-31 | 14.61x |
| 2026-07-30 | 14.79x |
| 2026-07-29 | 15.10x |
| 2026-07-28 | 15.10x |
| 2026-07-27 | 14.85x |
| 2026-07-24 | 14.86x |
| 2026-07-23 | 14.84x |
| 2026-07-22 | 14.80x |
| 2026-07-21 | 14.64x |
| 2026-07-20 | 14.79x |
| 2026-07-17 | 14.89x |
| 2026-07-16 | 14.84x |
| 2026-07-15 | 14.48x |
| 2026-07-14 | 14.65x |
| 2026-07-13 | 14.64x |
| 2026-07-10 | 14.59x |
| 2026-07-09 | 14.58x |
| 2026-07-08 | 14.67x |
| 2026-07-07 | 14.87x |
| 2026-07-06 | 14.75x |
| 2026-07-02 | 15.01x |
| 2026-07-01 | 14.66x |
| 2026-06-30 | 14.65x |
| 2026-06-29 | 14.71x |
| 2026-06-26 | 14.72x |
| 2026-06-25 | 14.54x |
| 2026-06-24 | 14.51x |
| 2026-06-23 | 14.30x |
| 2026-06-22 | 14.19x |
| 2026-06-18 | 14.20x |
| 2026-06-17 | 14.22x |
| 2026-06-16 | 14.43x |
| 2026-06-15 | 14.32x |
| 2026-06-12 | 14.28x |
| 2026-06-11 | 14.15x |
| 2026-06-10 | 14.29x |
| 2026-06-09 | 14.23x |
| 2026-06-08 | 14.02x |
| 2026-06-05 | 14.16x |
| 2026-06-04 | 14.00x |
| 2026-06-03 | 14.11x |
| 2026-06-02 | 14.10x |
| 2026-06-01 | 13.92x |
| 2026-05-29 | 14.07x |
| 2026-05-28 | 14.01x |
| 2026-05-27 | 14.11x |
| 2026-05-26 | 14.11x |
| 2026-05-22 | 14.21x |
| 2026-05-21 | 14.11x |
| 2026-05-20 | 14.01x |
| 2026-05-19 | 14.13x |
| 2026-05-18 | 14.18x |
| 2026-05-15 | 14.14x |
| 2026-05-14 | 14.26x |
| 2026-05-13 | 14.36x |
| 2026-05-12 | 14.38x |
| 2026-05-11 | 14.26x |
| 2026-05-08 | 14.20x |
| 2026-05-07 | 14.28x |
| 2026-05-06 | 14.24x |
| 2026-05-05 | 14.26x |
| 2026-05-04 | 14.32x |
| 2026-05-01 | 14.36x |
| 2026-04-30 | 14.43x |
| 2026-04-29 | 14.98x |
| 2026-04-28 | 15.03x |
| 2026-04-27 | 14.98x |
| 2026-04-24 | 15.01x |
| 2026-04-23 | 15.19x |
| 2026-04-22 | 14.92x |
| 2026-04-21 | 14.98x |
| 2026-04-20 | 15.07x |
| 2026-04-17 | 14.95x |
| 2026-04-16 | 14.89x |
| 2026-04-15 | 14.86x |
| 2026-04-14 | 15.08x |
| 2026-04-13 | 15.15x |
| 2026-04-10 | 15.35x |
| 2026-04-09 | 15.49x |
| 2026-04-08 | 15.29x |
| 2026-04-07 | 15.22x |
| 2026-04-06 | 15.40x |
| 2026-04-02 | 15.41x |
| 2026-04-01 | 15.32x |
| 2026-03-31 | 15.27x |
| 2026-03-30 | 15.46x |
| 2026-03-27 | 15.32x |
| 2026-03-26 | 15.37x |
| 2026-03-25 | 15.16x |
| 2026-03-24 | 15.09x |
| 2026-03-23 | 15.24x |
| 2026-03-20 | 15.25x |
| 2026-03-19 | 15.34x |
| 2026-03-18 | 15.31x |
| 2026-03-17 | 15.42x |
| 2026-03-16 | 15.48x |
| 2026-03-13 | 15.52x |
| 2026-03-12 | 15.42x |
| 2026-03-11 | 15.14x |
| 2026-03-10 | 15.04x |
| 2026-03-09 | 15.38x |
| 2026-03-06 | 15.37x |
| 2026-03-05 | 15.16x |
| 2026-03-04 | 15.29x |
| 2026-03-03 | 15.25x |
| 2026-03-02 | 15.22x |
| 2026-02-27 | 15.26x |
| 2026-02-26 | 15.14x |
| 2026-02-25 | 15.14x |
| 2026-02-24 | 15.13x |
| 2026-02-23 | 15.04x |
| 2026-02-20 | 14.79x |
| 2026-02-19 | 14.93x |
| 2026-02-18 | 14.86x |
| 2026-02-17 | 15.03x |
| 2026-02-13 | 15.03x |
| 2026-02-12 | 14.66x |
| 2026-02-11 | 14.33x |
| 2026-02-10 | 14.42x |
| 2026-02-09 | 14.28x |
| 2026-02-06 | 14.37x |
| 2026-02-05 | 14.47x |
| 2026-02-04 | 14.37x |
| 2026-02-03 | 14.48x |
| 2026-02-02 | 14.53x |
| 2026-01-30 | 14.71x |
| 2026-01-29 | 14.71x |
| 2026-01-28 | 14.57x |
| 2026-01-27 | 14.81x |
| 2026-01-26 | 14.83x |
| 2026-01-23 | 14.76x |
| 2026-01-22 | 14.89x |
| 2026-01-21 | 14.85x |
| 2026-01-20 | 14.88x |
| 2026-01-16 | 15.01x |
| 2026-01-15 | 15.01x |
| 2026-01-14 | 14.95x |
| 2026-01-13 | 14.87x |
| 2026-01-12 | 14.80x |
| 2026-01-09 | 14.63x |
| 2026-01-08 | 14.72x |
| 2026-01-07 | 14.58x |
| 2026-01-06 | 14.70x |
| 2026-01-05 | 14.59x |
| 2026-01-02 | 14.80x |
| 2025-12-31 | 14.81x |
| 2025-12-30 | 14.86x |
| 2025-12-29 | 14.84x |
| 2025-12-26 | 14.82x |
| 2025-12-24 | 14.87x |
| 2025-12-23 | 14.83x |
| 2025-12-22 | 14.90x |
| 2025-12-19 | 14.79x |
| 2025-12-18 | 14.99x |
| 2025-12-17 | 15.06x |
| 2025-12-16 | 14.97x |
| 2025-12-15 | 15.07x |
| 2025-12-12 | 14.89x |
| 2025-12-11 | 14.78x |
| 2025-12-10 | 14.69x |
| 2025-12-09 | 14.65x |
| 2025-12-08 | 14.67x |
| 2025-12-05 | 14.74x |
| 2025-12-04 | 14.70x |
| 2025-12-03 | 14.85x |
| 2025-12-02 | 14.83x |
| 2025-12-01 | 14.85x |
| 2025-11-28 | 14.78x |
| 2025-11-26 | 14.77x |
| 2025-11-25 | 14.80x |
| 2025-11-24 | 14.88x |
| 2025-11-21 | 14.97x |
| 2025-11-20 | 14.64x |
| 2025-11-19 | 14.57x |
| 2025-11-18 | 14.77x |
| 2025-11-17 | 14.97x |
| 2025-11-14 | 14.89x |
| 2025-11-13 | 14.88x |
| 2025-11-12 | 14.76x |
| 2025-11-11 | 14.78x |
| 2025-11-10 | 14.70x |
| 2025-11-07 | 14.84x |
| 2025-11-06 | 14.74x |
| 2025-11-05 | 14.85x |
| 2025-11-04 | 14.64x |
| 2025-11-03 | 14.49x |
| 2025-10-31 | 14.67x |
| 2025-10-30 | 14.54x |
| 2025-10-29 | 15.24x |
| 2025-10-28 | 15.59x |
| 2025-10-27 | 15.82x |
| 2025-10-24 | 16.09x |
| 2025-10-23 | 16.16x |
| 2025-10-22 | 16.24x |
| 2025-10-21 | 16.28x |
| 2025-10-20 | 16.37x |
| 2025-10-17 | 16.25x |
| 2025-10-16 | 16.21x |
| 2025-10-15 | 16.16x |
| 2025-10-14 | 16.08x |
| 2025-10-13 | 15.94x |
| 2025-10-10 | 16.19x |
| 2025-10-09 | 16.05x |
| 2025-10-08 | 16.04x |
| 2025-10-07 | 16.15x |
| 2025-10-06 | 15.89x |
| 2025-10-03 | 15.80x |
| 2025-10-02 | 15.64x |
| 2025-10-01 | 15.68x |
| 2025-09-30 | 15.91x |
| 2025-09-29 | 15.75x |
| 2025-09-26 | 15.70x |
| 2025-09-25 | 15.61x |
| 2025-09-24 | 15.70x |
| 2025-09-23 | 15.76x |
| 2025-09-22 | 15.60x |
| 2025-09-19 | 15.60x |
| 2025-09-18 | 15.63x |
| 2025-09-17 | 15.68x |
| 2025-09-16 | 15.69x |
| 2025-09-15 | 15.79x |
| 2025-09-12 | 15.92x |
| 2025-09-11 | 15.94x |
| 2025-09-10 | 15.86x |
| 2025-09-09 | 15.98x |
| 2025-09-08 | 15.97x |
| 2025-09-05 | 16.23x |
| 2025-09-04 | 16.08x |
| 2025-09-03 | 16.02x |
| 2025-09-02 | 16.07x |
| 2025-08-29 | 16.23x |
| 2025-08-28 | 16.18x |
Showing the most recent 260 of 4,426 data points. The chart above shows the full history.