Basis: Current FMP quote-based enterprise value / operating income plus matched D&A from the trailing two half-years (the two consecutive half-year periods ended 2025-12-31 and 2026-06-30). 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 9.85x is 46% below its estimated 5-year average of 18.12x, near the low end of its estimated 5-year range (7.98x–29.93x).
As of 2026-10-06T20:20:53.870Z. 43.98% below its estimated 12-month average of 17.58x.
Calculation as of: 2026-10-06T20:20:53.870Z.
Quote observation: 2026-10-06T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 3442b2296af88eaddb0dbaa757335c563bf4e63b98ae55c935430f4548068d63
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 2009-06-30.
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
9.85x
EV/EBITDA RATIO AVG TTM
17.58x
EV/EBITDA RATIO AVG 3Y
18.14x
EV/EBITDA RATIO AVG 5Y
18.12x
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
-43.98%
CURRENT VS 3Y AVG
-45.69%
CURRENT VS 5Y AVG
-45.63%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · CONSUMER DEFENSIVE
10.76x
median of 105 covered companies
CURRENT VS SECTOR MEDIAN
-8.46%
vs the sector median at left
British American Tobacco p.l.c.
Market Cap
$114.34B
EV/EBITDA Ratio
9.85x
TTM Avg
17.58x
3Y Avg
18.14x
5Y Avg
18.12x
Market Cap
$114.46B
EV/EBITDA Ratio
10.97x
TTM Avg
10.70x
3Y Avg
9.90x
5Y Avg
9.57x
Market Cap
$84.60B
EV/EBITDA Ratio
28.51x
TTM Avg
30.95x
3Y Avg
28.21x
5Y Avg
28.43x
Market Cap
$76.09B
EV/EBITDA Ratio
16.30x
TTM Avg
18.05x
3Y Avg
16.83x
5Y Avg
18.34x
Market Cap
$69.82B
EV/EBITDA Ratio
15.30x
TTM Avg
15.35x
3Y Avg
16.06x
5Y Avg
16.16x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| British American Tobacco p.l.c. (BTI) | $114.34B | 9.85x | 17.58x | 18.14x | 18.12x |
| Altria Group, Inc. (MO)vs › | $114.46B | 10.97x | 10.70x | 9.90x | 9.57x |
| Monster Beverage Corporation (MNST)vs › | $84.60B | 28.51x | 30.95x | 28.21x | 28.43x |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $148.93B | N/A | N/A | N/A | N/A |
| Mondelez International, Inc. (MDLZ)vs › | $76.09B | 16.30x | 18.05x | 16.83x | 18.34x |
| Target Corporation (TGT)vs › | $70.09B | 9.07x | 8.50x | 8.84x | 9.74x |
| Colgate-Palmolive Company (CL)vs › | $69.82B | 15.30x | 15.35x | 16.06x | 16.16x |
| PepsiCo, Inc. (PEP)vs › | $171.72B | 11.39x | 12.21x | 15.80x | 16.57x |
| Diageo plc (DEO)vs › | $47.13B | 10.76x | N/A | N/A | N/A |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $45.08B | 13.99x | N/A | N/A | N/A |
At 9.8, EV/EBITDA is near its estimated 8-year median — higher than 43% of readings in its estimated 8-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 8-year low
5.3
median
13.2
estimated 8-year high
29.9
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 |
|---|---|
| 2009-06-30 | 15.19x |
| 2009-06-29 | 15.23x |
| 2009-06-26 | 15.13x |
| 2009-06-25 | 15.21x |
| 2009-06-24 | 15.08x |
| 2009-06-23 | 15.15x |
| 2009-06-22 | 15.20x |
| 2009-06-19 | 15.05x |
| 2009-06-18 | 15.00x |
| 2009-06-17 | 14.94x |
| 2009-06-16 | 14.79x |
| 2009-06-15 | 14.80x |
| 2009-06-12 | 14.93x |
| 2009-06-11 | 15.01x |
| 2009-06-10 | 14.75x |
| 2009-06-09 | 14.72x |
| 2009-06-08 | 14.97x |
| 2009-06-05 | 14.78x |
| 2009-06-04 | 14.94x |
| 2009-06-03 | 15.07x |
| 2009-06-02 | 15.28x |
| 2009-06-01 | 15.12x |
| 2009-05-29 | 14.94x |
| 2009-05-28 | 14.94x |
| 2009-05-27 | 14.83x |
| 2009-05-26 | 14.98x |
| 2009-05-22 | 14.53x |
| 2009-05-21 | 14.41x |
| 2009-05-20 | 14.41x |
| 2009-05-19 | 14.20x |
| 2009-05-18 | 14.66x |
| 2009-05-15 | 14.38x |
| 2009-05-14 | 14.43x |
| 2009-05-13 | 14.34x |
| 2009-05-12 | 14.38x |
| 2009-05-11 | 14.07x |
| 2009-05-08 | 14.21x |
| 2009-05-07 | 13.82x |
| 2009-05-06 | 13.70x |
| 2009-05-05 | 13.44x |
| 2009-05-04 | 13.53x |
| 2009-05-01 | 13.85x |
| 2009-04-30 | 13.49x |
| 2009-04-29 | 13.32x |
| 2009-04-28 | 13.13x |
| 2009-04-27 | 12.99x |
| 2009-04-24 | 13.15x |
| 2009-04-23 | 13.24x |
| 2009-04-22 | 12.87x |
| 2009-04-21 | 13.04x |
| 2009-04-20 | 12.91x |
| 2009-04-17 | 13.00x |
| 2009-04-16 | 13.34x |
| 2009-04-15 | 13.27x |
| 2009-04-14 | 12.52x |
| 2009-04-13 | 13.06x |
| 2009-04-09 | 12.97x |
| 2009-04-08 | 13.09x |
| 2009-04-07 | 12.99x |
| 2009-04-06 | 12.93x |
| 2009-04-03 | 13.08x |
| 2009-04-02 | 13.25x |
| 2009-04-01 | 13.09x |
| 2009-03-31 | 12.87x |
| 2009-03-30 | 12.58x |
| 2009-03-27 | 12.38x |
| 2009-03-26 | 12.73x |
| 2009-03-25 | 12.98x |
| 2009-03-24 | 13.07x |
| 2009-03-23 | 13.07x |
| 2009-03-20 | 12.82x |
| 2009-03-19 | 12.76x |
| 2009-03-18 | 13.02x |
| 2009-03-17 | 13.17x |
| 2009-03-16 | 13.23x |
| 2009-03-13 | 13.09x |
| 2009-03-12 | 13.22x |
| 2009-03-11 | 13.01x |
| 2009-03-10 | 13.76x |
| 2009-03-09 | 13.06x |
| 2009-03-06 | 13.24x |
| 2009-03-05 | 13.09x |
| 2009-03-04 | 13.11x |
| 2009-03-03 | 12.98x |
| 2009-03-02 | 13.43x |
| 2009-02-27 | 14.06x |
| 2009-02-26 | 13.79x |
| 2009-02-25 | 13.58x |
| 2009-02-24 | 13.72x |
| 2009-02-23 | 13.53x |
| 2009-02-20 | 13.82x |
| 2009-02-19 | 14.03x |
| 2009-02-18 | 13.92x |
| 2009-02-17 | 14.23x |
| 2009-02-13 | 14.32x |
| 2009-02-12 | 14.50x |
| 2009-02-11 | 14.47x |
| 2009-02-10 | 14.67x |
| 2009-02-09 | 15.18x |
| 2009-02-06 | 14.84x |
| 2009-02-05 | 14.82x |
| 2009-02-04 | 14.53x |
| 2009-02-03 | 15.02x |
| 2009-02-02 | 14.62x |
| 2009-01-30 | 15.02x |
| 2009-01-29 | 14.66x |
| 2009-01-28 | 14.79x |
| 2009-01-27 | 14.59x |
| 2009-01-26 | 14.25x |
| 2009-01-23 | 14.05x |
| 2009-01-22 | 13.97x |
| 2009-01-21 | 14.14x |
| 2009-01-20 | 14.10x |
| 2009-01-16 | 14.41x |
| 2009-01-15 | 14.34x |
| 2009-01-14 | 13.89x |
| 2009-01-13 | 14.49x |
| 2009-01-12 | 15.01x |
| 2009-01-09 | 15.30x |
| 2009-01-08 | 14.97x |
| 2009-01-07 | 14.50x |
| 2009-01-06 | 14.86x |
| 2009-01-05 | 14.97x |
| 2009-01-02 | 14.94x |
| 2008-09-30 | 22.19x |
| 2008-09-29 | 22.02x |
| 2008-09-26 | 24.41x |
| 2008-09-25 | 24.16x |
| 2008-09-24 | 23.57x |
| 2008-09-23 | 23.63x |
| 2008-09-22 | 23.10x |
| 2008-09-19 | 23.70x |
| 2008-09-18 | 23.83x |
| 2008-09-17 | 21.95x |
| 2008-09-16 | 23.06x |
| 2008-09-15 | 23.31x |
| 2008-09-12 | 23.71x |
| 2008-09-11 | 23.66x |
| 2008-09-10 | 23.64x |
| 2008-09-09 | 23.51x |
| 2008-09-08 | 23.31x |
| 2008-09-05 | 23.22x |
| 2008-09-04 | 23.11x |
| 2008-09-03 | 23.81x |
| 2008-09-02 | 24.18x |
| 2008-08-29 | 24.13x |
| 2008-08-28 | 24.15x |
| 2008-08-27 | 23.90x |
| 2008-08-26 | 23.85x |
| 2008-08-25 | 24.16x |
| 2008-08-22 | 24.40x |
| 2008-08-21 | 24.30x |
| 2008-08-20 | 24.42x |
| 2008-08-19 | 24.57x |
| 2008-08-18 | 24.61x |
| 2008-08-15 | 24.53x |
| 2008-08-14 | 24.62x |
| 2008-08-13 | 24.78x |
| 2008-08-12 | 25.06x |
| 2008-08-11 | 25.49x |
| 2008-08-08 | 25.36x |
| 2008-08-07 | 25.78x |
| 2008-08-06 | 26.59x |
| 2008-08-05 | 26.70x |
| 2008-08-04 | 25.82x |
| 2008-08-01 | 25.47x |
| 2008-07-31 | 25.52x |
| 2008-07-30 | 26.26x |
| 2008-07-29 | 25.62x |
| 2008-07-28 | 25.45x |
| 2008-07-25 | 26.00x |
| 2008-07-24 | 25.72x |
| 2008-07-23 | 26.15x |
| 2008-07-22 | 25.87x |
| 2008-07-21 | 25.07x |
| 2008-07-18 | 25.53x |
| 2008-07-17 | 25.07x |
| 2008-07-16 | 24.52x |
| 2008-07-15 | 24.21x |
| 2008-07-14 | 24.33x |
| 2008-07-11 | 24.32x |
| 2008-07-10 | 24.90x |
| 2008-07-09 | 25.23x |
| 2008-07-08 | 24.78x |
| 2008-07-07 | 24.58x |
| 2008-07-03 | 24.11x |
| 2008-07-02 | 23.99x |
| 2008-07-01 | 24.14x |
| 2008-03-31 | 28.16x |
| 2008-03-28 | 27.44x |
| 2008-03-27 | 27.58x |
| 2008-03-26 | 27.01x |
| 2008-03-25 | 27.55x |
| 2008-03-24 | 28.49x |
| 2008-03-20 | 27.96x |
| 2008-03-19 | 27.84x |
| 2008-03-18 | 28.70x |
| 2008-03-17 | 28.17x |
| 2008-03-14 | 28.69x |
| 2008-03-13 | 29.48x |
| 2008-03-12 | 28.81x |
| 2008-03-11 | 28.49x |
| 2008-03-10 | 28.14x |
| 2008-03-07 | 27.46x |
| 2008-03-06 | 27.51x |
| 2008-03-05 | 27.51x |
| 2008-03-04 | 28.35x |
| 2008-03-03 | 28.09x |
| 2008-02-29 | 28.03x |
| 2008-02-28 | 28.44x |
| 2008-02-27 | 28.48x |
| 2008-02-26 | 28.20x |
| 2008-02-25 | 27.52x |
| 2008-02-22 | 27.68x |
| 2008-02-21 | 27.16x |
| 2008-02-20 | 27.01x |
| 2008-02-19 | 26.65x |
| 2008-02-15 | 26.69x |
| 2008-02-14 | 26.90x |
| 2008-02-13 | 27.16x |
| 2008-02-12 | 27.01x |
| 2008-02-11 | 27.02x |
| 2008-02-08 | 26.88x |
| 2008-02-07 | 26.62x |
| 2008-02-06 | 26.66x |
| 2008-02-05 | 26.34x |
| 2008-02-04 | 26.53x |
| 2008-02-01 | 26.92x |
| 2008-01-31 | 26.35x |
| 2008-01-30 | 26.28x |
| 2008-01-29 | 26.41x |
| 2008-01-28 | 26.01x |
| 2008-01-25 | 25.96x |
| 2008-01-24 | 25.65x |
| 2008-01-23 | 25.42x |
| 2008-01-22 | 26.39x |
| 2008-01-18 | 27.54x |
| 2008-01-17 | 27.59x |
| 2008-01-16 | 27.63x |
| 2008-01-15 | 27.56x |
| 2008-01-14 | 28.34x |
| 2008-01-11 | 28.79x |
| 2008-01-10 | 29.93x |
| 2008-01-09 | 29.35x |
| 2008-01-08 | 28.71x |
| 2008-01-07 | 28.89x |
| 2008-01-04 | 28.63x |
| 2008-01-03 | 28.97x |
| 2008-01-02 | 28.66x |
| 2006-12-29 | 14.75x |
| 2006-12-28 | 14.71x |
| 2006-12-27 | 14.83x |
| 2006-12-26 | 14.78x |
| 2006-12-22 | 14.74x |
| 2006-12-21 | 14.81x |
| 2006-12-20 | 14.98x |
| 2006-12-19 | 15.05x |
| 2006-12-18 | 14.79x |
| 2006-12-15 | 14.75x |
| 2006-12-14 | 14.69x |
Showing the most recent 260 of 876 data points. The chart above shows the full history.
