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 18.87x is 33% below its estimated 5-year average of 28.27x, near the low end of its estimated 5-year range (14.33x–39.37x).
As of 2026-10-02T19:40:15.080Z. 8.29% below its estimated 12-month average of 20.58x.
Calculation as of: 2026-10-02T19:40:15.080Z.
Quote observation: 2026-10-02T19:39:41.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: ea211b9c34356b759233427378bf3c9105f55076904f3381021b326b607102e2
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 2026-10-01.
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
18.87x
EV/EBITDA RATIO AVG TTM
20.58x
EV/EBITDA RATIO AVG 3Y
28.09x
EV/EBITDA RATIO AVG 5Y
28.27x
EV/EBITDA RATIO AVG 10Y
24.42x
EV/EBITDA RATIO AVG 15Y
21.06x
EV/EBITDA RATIO AVG 20Y
18.89x
CURRENT VS TTM AVG
-8.29%
CURRENT VS 3Y AVG
-32.83%
CURRENT VS 5Y AVG
-33.26%
CURRENT VS 10Y AVG
-22.72%
CURRENT VS 15Y AVG
-10.41%
CURRENT VS 20Y AVG
-0.12%
SECTOR MEDIAN · INDUSTRIALS
16.52x
median of 136 covered companies
CURRENT VS SECTOR MEDIAN
+14.26%
vs the sector median at left
Badger Meter, Inc.
Market Cap
$3.75B
EV/EBITDA Ratio
18.87x
TTM Avg
20.58x
3Y Avg
28.09x
5Y Avg
28.27x
Market Cap
$3.91B
EV/EBITDA Ratio
10.03x
TTM Avg
16.66x
3Y Avg
19.62x
5Y Avg
19.71x
Market Cap
$3.38B
EV/EBITDA Ratio
12.93x
TTM Avg
15.58x
3Y Avg
22.78x
5Y Avg
26.05x
Market Cap
$4.28B
EV/EBITDA Ratio
16.15x
TTM Avg
15.71x
3Y Avg
12.53x
5Y Avg
10.66x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Badger Meter, Inc. (BMI) | $3.75B | 18.87x | 20.58x | 28.09x | 28.27x |
| Firefly Aerospace Inc. (FLY)vs › | $3.87B | N/A | N/A | N/A | N/A |
| SiteOne Landscape Supply, Inc. (SITE)vs › | $3.91B | 10.03x | 16.66x | 19.62x | 19.71x |
| Teekay Tankers Ltd. (TNK)vs › | $3.58B | 5.39x | 4.46x | 3.25x | 34.23x |
| Bright Horizons Family Solutions Inc. (BFAM)vs › | $3.38B | 12.93x | 15.58x | 22.78x | 26.05x |
| Exponent, Inc. (EXPO)vs › | $3.28B | 23.91x | 25.68x | 31.63x | 34.56x |
| Primoris Services Corporation (PRIM)vs › | $4.28B | 16.15x | 15.71x | 12.53x | 10.66x |
| KBR, Inc. (KBR)vs › | $4.29B | 7.93x | 8.43x | 11.74x | 16.60x |
| Atkore Inc. (ATKR)vs › | $3.20B | 12.82x | 8.69x | 6.53x | 5.82x |
| CECO Environmental Corp. (CECO)vs › | $4.36B | 121.18x | 33.43x | 23.54x | 20.12x |
At 18.9, EV/EBITDA is near its estimated 20-year median — higher than 62% of readings in its estimated 20-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 20-year low
7.0
median
16.3
estimated 20-year high
39.4
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 |
|---|---|
| 2026-10-01 | 18.80x |
| 2026-09-30 | 18.08x |
| 2026-09-29 | 18.45x |
| 2026-09-28 | 18.53x |
| 2026-09-25 | 18.97x |
| 2026-09-24 | 19.14x |
| 2026-09-23 | 19.50x |
| 2026-09-22 | 19.39x |
| 2026-09-21 | 19.27x |
| 2026-09-18 | 19.46x |
| 2026-09-17 | 18.69x |
| 2026-09-16 | 18.67x |
| 2026-09-15 | 18.46x |
| 2026-09-14 | 18.63x |
| 2026-09-11 | 18.32x |
| 2026-09-10 | 18.30x |
| 2026-09-09 | 18.72x |
| 2026-09-08 | 18.84x |
| 2026-09-04 | 19.42x |
| 2026-09-03 | 19.95x |
| 2026-09-02 | 19.44x |
| 2026-09-01 | 19.39x |
| 2026-08-31 | 19.87x |
| 2026-08-28 | 19.89x |
| 2026-08-27 | 20.27x |
| 2026-08-26 | 20.12x |
| 2026-08-25 | 20.00x |
| 2026-08-24 | 19.92x |
| 2026-08-21 | 19.32x |
| 2026-08-20 | 18.77x |
| 2026-08-19 | 19.19x |
| 2026-08-18 | 18.43x |
| 2026-08-17 | 18.85x |
| 2026-08-14 | 19.17x |
| 2026-08-13 | 19.11x |
| 2026-08-12 | 19.77x |
| 2026-08-11 | 19.90x |
| 2026-08-10 | 20.02x |
| 2026-08-07 | 20.38x |
| 2026-08-06 | 20.13x |
| 2026-08-05 | 20.47x |
| 2026-08-04 | 20.59x |
| 2026-08-03 | 20.09x |
| 2026-07-31 | 19.70x |
| 2026-07-30 | 19.11x |
| 2026-07-29 | 19.58x |
| 2026-07-28 | 19.74x |
| 2026-07-27 | 18.75x |
| 2026-07-24 | 18.49x |
| 2026-07-23 | 17.21x |
| 2026-07-22 | 17.72x |
| 2026-07-21 | 20.57x |
| 2026-07-20 | 20.93x |
| 2026-07-17 | 21.10x |
| 2026-07-16 | 21.35x |
| 2026-07-15 | 20.32x |
| 2026-07-14 | 19.91x |
| 2026-07-13 | 19.71x |
| 2026-07-10 | 20.32x |
| 2026-07-09 | 20.43x |
| 2026-07-08 | 20.36x |
| 2026-07-07 | 20.75x |
| 2026-07-06 | 21.15x |
| 2026-07-02 | 20.57x |
| 2026-07-01 | 20.62x |
| 2026-06-30 | 20.94x |
| 2026-06-29 | 19.50x |
| 2026-06-26 | 19.83x |
| 2026-06-25 | 19.83x |
| 2026-06-24 | 18.75x |
| 2026-06-23 | 17.89x |
| 2026-06-22 | 18.93x |
| 2026-06-18 | 19.03x |
| 2026-06-17 | 18.90x |
| 2026-06-16 | 19.01x |
| 2026-06-15 | 18.87x |
| 2026-06-12 | 18.47x |
| 2026-06-11 | 18.29x |
| 2026-06-10 | 17.98x |
| 2026-06-09 | 18.29x |
| 2026-06-08 | 18.27x |
| 2026-06-05 | 17.70x |
| 2026-06-04 | 17.92x |
| 2026-06-03 | 18.19x |
| 2026-06-02 | 17.57x |
| 2026-06-01 | 17.11x |
| 2026-05-29 | 17.31x |
| 2026-05-28 | 17.44x |
| 2026-05-27 | 17.55x |
| 2026-05-26 | 17.80x |
| 2026-05-22 | 17.60x |
| 2026-05-21 | 16.77x |
| 2026-05-20 | 16.45x |
| 2026-05-19 | 16.61x |
| 2026-05-18 | 16.58x |
| 2026-05-15 | 15.88x |
| 2026-05-14 | 16.37x |
| 2026-05-13 | 16.15x |
| 2026-05-12 | 16.00x |
| 2026-05-11 | 16.24x |
| 2026-05-08 | 16.52x |
| 2026-05-07 | 17.11x |
| 2026-05-06 | 17.29x |
| 2026-05-05 | 16.90x |
| 2026-05-04 | 16.74x |
| 2026-05-01 | 17.03x |
| 2026-04-30 | 16.87x |
| 2026-04-29 | 16.42x |
| 2026-04-28 | 16.50x |
| 2026-04-27 | 17.17x |
| 2026-04-24 | 17.01x |
| 2026-04-23 | 17.18x |
| 2026-04-22 | 17.26x |
| 2026-04-21 | 16.87x |
| 2026-04-20 | 14.33x |
| 2026-04-17 | 14.62x |
| 2026-04-16 | 19.60x |
| 2026-04-15 | 20.24x |
| 2026-04-14 | 20.83x |
| 2026-04-13 | 20.78x |
| 2026-04-10 | 20.00x |
| 2026-04-09 | 20.02x |
| 2026-04-08 | 19.87x |
| 2026-04-07 | 19.55x |
| 2026-04-06 | 20.02x |
| 2026-04-02 | 20.20x |
| 2026-04-01 | 19.86x |
| 2026-03-31 | 19.61x |
| 2026-03-30 | 19.03x |
| 2026-03-27 | 18.72x |
| 2026-03-26 | 19.45x |
| 2026-03-25 | 19.75x |
| 2026-03-24 | 19.38x |
| 2026-03-23 | 19.81x |
| 2026-03-20 | 19.01x |
| 2026-03-19 | 19.07x |
| 2026-03-18 | 19.00x |
| 2026-03-17 | 19.29x |
| 2026-03-16 | 19.54x |
| 2026-03-13 | 18.83x |
| 2026-03-12 | 18.52x |
| 2026-03-11 | 18.86x |
| 2026-03-10 | 18.91x |
| 2026-03-09 | 19.23x |
| 2026-03-06 | 19.13x |
| 2026-03-05 | 18.75x |
| 2026-03-04 | 19.17x |
| 2026-03-03 | 19.12x |
| 2026-03-02 | 19.59x |
| 2026-02-27 | 19.62x |
| 2026-02-26 | 20.13x |
| 2026-02-25 | 20.08x |
| 2026-02-24 | 20.42x |
| 2026-02-23 | 20.13x |
| 2026-02-20 | 20.56x |
| 2026-02-19 | 20.90x |
| 2026-02-18 | 20.40x |
| 2026-02-17 | 21.12x |
| 2026-02-13 | 20.52x |
| 2026-02-12 | 21.01x |
| 2026-02-11 | 20.80x |
| 2026-02-10 | 20.27x |
| 2026-02-09 | 19.93x |
| 2026-02-06 | 20.02x |
| 2026-02-05 | 19.27x |
| 2026-02-04 | 19.33x |
| 2026-02-03 | 19.49x |
| 2026-02-02 | 20.10x |
| 2026-01-30 | 19.37x |
| 2026-01-29 | 19.07x |
| 2026-01-28 | 19.33x |
| 2026-01-27 | 21.84x |
| 2026-01-26 | 23.12x |
| 2026-01-23 | 22.55x |
| 2026-01-22 | 22.91x |
| 2026-01-21 | 22.64x |
| 2026-01-20 | 22.03x |
| 2026-01-16 | 22.85x |
| 2026-01-15 | 22.69x |
| 2026-01-14 | 22.76x |
| 2026-01-13 | 22.87x |
| 2026-01-12 | 22.84x |
| 2026-01-09 | 23.26x |
| 2026-01-08 | 23.19x |
| 2026-01-07 | 22.16x |
| 2026-01-06 | 24.26x |
| 2026-01-05 | 23.59x |
| 2026-01-02 | 23.50x |
| 2025-12-31 | 23.23x |
| 2025-12-30 | 23.76x |
| 2025-12-29 | 23.97x |
| 2025-12-26 | 24.11x |
| 2025-12-24 | 24.36x |
| 2025-12-23 | 24.18x |
| 2025-12-22 | 24.44x |
| 2025-12-19 | 24.23x |
| 2025-12-18 | 24.37x |
| 2025-12-17 | 24.12x |
| 2025-12-16 | 24.56x |
| 2025-12-15 | 24.49x |
| 2025-12-12 | 24.67x |
| 2025-12-11 | 24.33x |
| 2025-12-10 | 23.65x |
| 2025-12-09 | 23.45x |
| 2025-12-08 | 23.64x |
| 2025-12-05 | 24.02x |
| 2025-12-04 | 23.70x |
| 2025-12-03 | 23.77x |
| 2025-12-02 | 23.25x |
| 2025-12-01 | 23.07x |
| 2025-11-28 | 23.80x |
| 2025-11-26 | 23.57x |
| 2025-11-25 | 24.36x |
| 2025-11-24 | 23.70x |
| 2025-11-21 | 23.65x |
| 2025-11-20 | 22.36x |
| 2025-11-19 | 22.49x |
| 2025-11-18 | 22.90x |
| 2025-11-17 | 23.25x |
| 2025-11-14 | 23.43x |
| 2025-11-13 | 23.70x |
| 2025-11-12 | 24.81x |
| 2025-11-11 | 24.77x |
| 2025-11-10 | 25.04x |
| 2025-11-07 | 25.09x |
| 2025-11-06 | 24.94x |
| 2025-11-05 | 24.86x |
| 2025-11-04 | 24.43x |
| 2025-11-03 | 24.27x |
| 2025-10-31 | 24.07x |
| 2025-10-30 | 24.16x |
| 2025-10-29 | 24.42x |
| 2025-10-28 | 24.77x |
| 2025-10-27 | 24.44x |
| 2025-10-24 | 25.01x |
| 2025-10-23 | 24.92x |
| 2025-10-22 | 25.26x |
| 2025-10-21 | 24.51x |
| 2025-10-20 | 25.94x |
| 2025-10-17 | 24.88x |
| 2025-10-16 | 24.58x |
| 2025-10-15 | 24.92x |
| 2025-10-14 | 24.74x |
| 2025-10-13 | 24.49x |
| 2025-10-10 | 23.87x |
| 2025-10-09 | 23.97x |
| 2025-10-08 | 24.77x |
| 2025-10-07 | 24.72x |
| 2025-10-06 | 25.02x |
| 2025-10-03 | 25.03x |
| 2025-10-02 | 24.85x |
| 2025-10-01 | 24.41x |
| 2025-09-30 | 24.68x |
| 2025-09-29 | 24.46x |
| 2025-09-26 | 24.37x |
| 2025-09-25 | 24.17x |
| 2025-09-24 | 23.79x |
| 2025-09-23 | 24.23x |
| 2025-09-22 | 24.49x |
| 2025-09-19 | 24.47x |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.
