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 194.58x is in line with its estimated 2-year average of 183.14x, around the middle of its estimated 2-year range (30.40x–437.13x).
As of 2026-09-19T00:15:26.723Z. 14.64% below its estimated 12-month average of 227.94x.
Calculation as of: 2026-09-19T00:15:26.723Z.
Quote observation: 2026-09-18T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 3a54e39bb9399445e2a5626262f3c228906885325656408e318781602a70c503
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
194.58x
EV/EBITDA RATIO AVG TTM
227.94x
EV/EBITDA RATIO AVG 3Y
183.14x
EV/EBITDA RATIO AVG 5Y
183.14x
EV/EBITDA RATIO AVG 10Y
N/A
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-14.64%
CURRENT VS 3Y AVG
+6.25%
CURRENT VS 5Y AVG
+6.25%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
16.47x
median of 129 covered companies
CURRENT VS SECTOR MEDIAN
+1081.42%
vs the sector median at left
Bloom Energy Corporation
Market Cap
$78.24B
EV/EBITDA Ratio
194.58x
TTM Avg
227.94x
3Y Avg
183.14x
5Y Avg
183.14x
Market Cap
$77.51B
EV/EBITDA Ratio
18.45x
TTM Avg
18.52x
3Y Avg
18.30x
5Y Avg
18.48x
Market Cap
$79.09B
EV/EBITDA Ratio
26.13x
TTM Avg
26.48x
3Y Avg
29.29x
5Y Avg
27.18x
Market Cap
$76.90B
EV/EBITDA Ratio
16.99x
TTM Avg
16.80x
3Y Avg
18.11x
5Y Avg
20.89x
Market Cap
$74.92B
EV/EBITDA Ratio
15.09x
TTM Avg
17.30x
3Y Avg
18.48x
5Y Avg
17.32x
Market Cap
$83.97B
EV/EBITDA Ratio
18.90x
TTM Avg
18.10x
3Y Avg
17.07x
5Y Avg
16.69x
Market Cap
$84.12B
EV/EBITDA Ratio
10.35x
TTM Avg
9.48x
3Y Avg
10.19x
5Y Avg
10.71x
Market Cap
$84.38B
EV/EBITDA Ratio
13.80x
TTM Avg
15.22x
3Y Avg
15.80x
5Y Avg
15.56x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Bloom Energy Corporation (BE) | $78.24B | 194.58x | 227.94x | 183.14x | 183.14x |
| Illinois Tool Works Inc. (ITW)vs › | $77.51B | 18.45x | 18.52x | 18.30x | 18.48x |
| Cintas Corporation (CTAS)vs › | $79.09B | 26.13x | 26.48x | 29.29x | 27.18x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $76.90B | 16.99x | 16.80x | 18.11x | 20.89x |
| Northrop Grumman Corporation (NOC)vs › | $74.92B | 15.09x | 17.30x | 18.48x | 17.32x |
| Cummins Inc. (CMI)vs › | $73.44B | 15.80x | 16.65x | 14.68x | 12.89x |
| Emerson Electric Co. (EMR)vs › | $83.97B | 18.90x | 18.10x | 17.07x | 16.69x |
| United Parcel Service, Inc. (UPS)vs › | $84.12B | 10.35x | 9.48x | 10.19x | 10.71x |
| Waste Management, Inc. (WM)vs › | $84.38B | 13.80x | 15.22x | 15.80x | 15.56x |
| Canadian National Railway Company (CNI)vs › | $71.95B | 14.22x | 13.51x | 13.84x | 14.49x |
At 194.6, EV/EBITDA is at an extreme level, where the multiple carries little signal — higher than 49% of readings in its estimated 5-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 5-year low
30.4
median
202.0
estimated 5-year high
844.3
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 | 221.70x |
| 2026-09-10 | 207.85x |
| 2026-09-09 | 216.51x |
| 2026-09-08 | 222.88x |
| 2026-09-04 | 203.33x |
| 2026-09-03 | 189.43x |
| 2026-09-02 | 174.77x |
| 2026-09-01 | 171.84x |
| 2026-08-31 | 165.95x |
| 2026-08-28 | 169.54x |
| 2026-08-27 | 175.21x |
| 2026-08-26 | 175.51x |
| 2026-08-25 | 174.90x |
| 2026-08-24 | 164.12x |
| 2026-08-21 | 162.06x |
| 2026-08-20 | 162.89x |
| 2026-08-19 | 166.22x |
| 2026-08-18 | 168.13x |
| 2026-08-17 | 186.71x |
| 2026-08-14 | 184.93x |
| 2026-08-13 | 189.97x |
| 2026-08-12 | 190.72x |
| 2026-08-11 | 169.89x |
| 2026-08-10 | 169.43x |
| 2026-08-07 | 176.42x |
| 2026-08-06 | 184.14x |
| 2026-08-05 | 188.45x |
| 2026-08-04 | 183.46x |
| 2026-08-03 | 175.60x |
| 2026-07-31 | 165.56x |
| 2026-07-30 | 166.61x |
| 2026-07-29 | 131.80x |
| 2026-07-28 | 211.45x |
| 2026-07-27 | 238.35x |
| 2026-07-24 | 234.20x |
| 2026-07-23 | 275.06x |
| 2026-07-22 | 276.22x |
| 2026-07-21 | 286.36x |
| 2026-07-20 | 249.55x |
| 2026-07-17 | 272.11x |
| 2026-07-16 | 261.74x |
| 2026-07-15 | 302.90x |
| 2026-07-14 | 307.97x |
| 2026-07-13 | 295.47x |
| 2026-07-10 | 309.49x |
| 2026-07-09 | 325.14x |
| 2026-07-08 | 321.70x |
| 2026-07-07 | 340.96x |
| 2026-07-06 | 373.08x |
| 2026-07-02 | 342.62x |
| 2026-07-01 | 366.09x |
| 2026-06-30 | 382.73x |
| 2026-06-29 | 347.82x |
| 2026-06-26 | 318.84x |
| 2026-06-25 | 390.90x |
| 2026-06-24 | 412.34x |
| 2026-06-23 | 407.03x |
| 2026-06-22 | 437.13x |
| 2026-06-18 | 415.77x |
| 2026-06-17 | 360.40x |
| 2026-06-16 | 355.22x |
| 2026-06-15 | 347.18x |
| 2026-06-12 | 329.17x |
| 2026-06-11 | 314.88x |
| 2026-06-10 | 296.41x |
| 2026-06-09 | 328.40x |
| 2026-06-08 | 320.79x |
| 2026-06-05 | 333.45x |
| 2026-06-04 | 368.44x |
| 2026-06-03 | 363.34x |
| 2026-06-02 | 382.92x |
| 2026-06-01 | 345.93x |
| 2026-05-29 | 360.41x |
| 2026-05-28 | 366.73x |
| 2026-05-27 | 371.51x |
| 2026-05-26 | 382.35x |
| 2026-05-22 | 382.46x |
| 2026-05-21 | 389.26x |
| 2026-05-20 | 357.02x |
| 2026-05-19 | 330.59x |
| 2026-05-18 | 327.27x |
| 2026-05-15 | 349.00x |
| 2026-05-14 | 383.62x |
| 2026-05-13 | 366.41x |
| 2026-05-12 | 354.98x |
| 2026-05-11 | 359.05x |
| 2026-05-08 | 330.19x |
| 2026-05-07 | 327.18x |
| 2026-05-06 | 361.01x |
| 2026-05-05 | 373.34x |
| 2026-05-04 | 365.00x |
| 2026-05-01 | 367.37x |
| 2026-04-30 | 358.35x |
| 2026-04-29 | 364.16x |
| 2026-04-28 | 373.66x |
| 2026-04-27 | 387.25x |
| 2026-04-24 | 381.51x |
| 2026-04-23 | 391.98x |
| 2026-04-22 | 379.19x |
| 2026-04-21 | 364.73x |
| 2026-04-20 | 360.41x |
| 2026-04-17 | 343.38x |
| 2026-04-16 | 346.98x |
| 2026-04-15 | 353.16x |
| 2026-04-14 | 361.65x |
| 2026-04-13 | 292.35x |
| 2026-04-10 | 276.04x |
| 2026-04-09 | 265.30x |
| 2026-04-08 | 243.46x |
| 2026-04-07 | 225.67x |
| 2026-04-06 | 224.19x |
| 2026-04-02 | 225.22x |
| 2026-04-01 | 220.01x |
| 2026-03-31 | 224.99x |
| 2026-03-30 | 198.85x |
| 2026-03-27 | 221.31x |
| 2026-03-26 | 221.76x |
| 2026-03-25 | 249.08x |
| 2026-03-24 | 241.98x |
| 2026-03-23 | 234.54x |
| 2026-03-20 | 248.92x |
| 2026-03-19 | 276.03x |
| 2026-03-18 | 259.49x |
| 2026-03-17 | 265.17x |
| 2026-03-16 | 254.74x |
| 2026-03-13 | 256.10x |
| 2026-03-12 | 260.45x |
| 2026-03-11 | 263.79x |
| 2026-03-10 | 255.27x |
| 2026-03-09 | 250.88x |
| 2026-03-06 | 224.50x |
| 2026-03-05 | 264.99x |
| 2026-03-04 | 272.90x |
| 2026-03-03 | 253.67x |
| 2026-03-02 | 274.90x |
| 2026-02-27 | 258.00x |
| 2026-02-26 | 279.10x |
| 2026-02-25 | 289.25x |
| 2026-02-24 | 275.23x |
| 2026-02-23 | 265.54x |
| 2026-02-20 | 244.72x |
| 2026-02-19 | 263.45x |
| 2026-02-18 | 260.62x |
| 2026-02-17 | 241.07x |
| 2026-02-13 | 231.94x |
| 2026-02-12 | 230.78x |
| 2026-02-11 | 257.79x |
| 2026-02-10 | 246.53x |
| 2026-02-09 | 208.76x |
| 2026-02-06 | 192.83x |
| 2026-02-05 | 184.39x |
| 2026-02-04 | 198.50x |
| 2026-02-03 | 226.77x |
| 2026-02-02 | 210.02x |
| 2026-01-30 | 203.78x |
| 2026-01-29 | 210.52x |
| 2026-01-28 | 222.18x |
| 2026-01-27 | 205.01x |
| 2026-01-26 | 188.36x |
| 2026-01-23 | 195.27x |
| 2026-01-22 | 196.24x |
| 2026-01-21 | 202.71x |
| 2026-01-20 | 204.27x |
| 2026-01-16 | 201.32x |
| 2026-01-15 | 187.77x |
| 2026-01-14 | 180.27x |
| 2026-01-13 | 188.55x |
| 2026-01-12 | 184.75x |
| 2026-01-09 | 181.07x |
| 2026-01-08 | 165.02x |
| 2026-01-07 | 146.86x |
| 2026-01-06 | 140.33x |
| 2026-01-05 | 141.44x |
| 2026-01-02 | 134.64x |
| 2025-12-31 | 119.16x |
| 2025-12-30 | 119.70x |
| 2025-12-29 | 121.15x |
| 2025-12-26 | 123.48x |
| 2025-12-24 | 125.71x |
| 2025-12-23 | 125.12x |
| 2025-12-22 | 126.20x |
| 2025-12-19 | 121.69x |
| 2025-12-18 | 110.39x |
| 2025-12-17 | 106.14x |
| 2025-12-16 | 120.10x |
| 2025-12-15 | 122.69x |
| 2025-12-12 | 129.77x |
| 2025-12-11 | 148.16x |
| 2025-12-10 | 138.06x |
| 2025-12-09 | 148.75x |
| 2025-12-08 | 151.83x |
| 2025-12-05 | 161.53x |
| 2025-12-04 | 160.10x |
| 2025-12-03 | 139.64x |
| 2025-12-02 | 142.92x |
| 2025-12-01 | 134.96x |
| 2025-11-28 | 148.49x |
| 2025-11-26 | 137.86x |
| 2025-11-25 | 128.87x |
| 2025-11-24 | 130.54x |
| 2025-11-21 | 123.23x |
| 2025-11-20 | 127.67x |
| 2025-11-19 | 148.08x |
| 2025-11-18 | 142.88x |
| 2025-11-17 | 145.69x |
| 2025-11-14 | 151.97x |
| 2025-11-13 | 141.02x |
| 2025-11-12 | 171.43x |
| 2025-11-11 | 171.89x |
| 2025-11-10 | 187.84x |
| 2025-11-07 | 182.57x |
| 2025-11-06 | 184.73x |
| 2025-11-05 | 190.71x |
| 2025-11-04 | 174.49x |
| 2025-11-03 | 191.97x |
| 2025-10-31 | 178.57x |
| 2025-10-30 | 172.91x |
| 2025-10-29 | 180.60x |
| 2025-10-28 | 163.57x |
| 2025-10-27 | 156.95x |
| 2025-10-24 | 159.53x |
| 2025-10-23 | 147.04x |
| 2025-10-22 | 137.21x |
| 2025-10-21 | 151.17x |
| 2025-10-20 | 157.69x |
| 2025-10-17 | 161.09x |
| 2025-10-16 | 166.09x |
| 2025-10-15 | 168.17x |
| 2025-10-14 | 164.66x |
| 2025-10-13 | 158.87x |
| 2025-10-10 | 126.76x |
| 2025-10-09 | 126.45x |
| 2025-10-08 | 127.75x |
| 2025-10-07 | 125.63x |
| 2025-10-06 | 126.90x |
| 2025-10-03 | 131.53x |
| 2025-10-02 | 128.33x |
| 2025-10-01 | 131.39x |
| 2025-09-30 | 123.55x |
| 2025-09-29 | 108.26x |
| 2025-09-26 | 103.69x |
| 2025-09-25 | 101.42x |
| 2025-09-24 | 102.10x |
| 2025-09-23 | 113.53x |
| 2025-09-22 | 125.92x |
| 2025-09-19 | 124.06x |
| 2025-09-18 | 118.54x |
| 2025-09-17 | 116.72x |
| 2025-09-16 | 107.83x |
| 2025-09-15 | 99.09x |
| 2025-09-12 | 99.43x |
| 2025-09-11 | 99.47x |
| 2025-09-10 | 93.43x |
| 2025-09-09 | 82.34x |
| 2025-09-08 | 80.16x |
| 2025-09-05 | 85.22x |
| 2025-09-04 | 82.21x |
| 2025-09-03 | 78.78x |
| 2025-09-02 | 77.25x |
| 2025-08-29 | 79.47x |
Showing the most recent 260 of 524 data points. The chart above shows the full history.
