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 15.67x is 22% above its estimated 5-year average of 12.89x, around the middle of its estimated 5-year range (7.61x–21.69x).
As of 2026-09-16T22:30:21.648Z. 5.87% below its estimated 12-month average of 16.65x.
Calculation as of: 2026-09-16T22:30:21.648Z.
Quote observation: 2026-09-16T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 76767ec3d1416393b7451f6a9b5e3d8d384b80ba3cb732cf97fb8d4d4d0e14d4
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
15.67x
EV/EBITDA RATIO AVG TTM
16.65x
EV/EBITDA RATIO AVG 3Y
14.68x
EV/EBITDA RATIO AVG 5Y
12.89x
EV/EBITDA RATIO AVG 10Y
10.76x
EV/EBITDA RATIO AVG 15Y
9.43x
EV/EBITDA RATIO AVG 20Y
9.10x
CURRENT VS TTM AVG
-5.87%
CURRENT VS 3Y AVG
+6.72%
CURRENT VS 5Y AVG
+21.57%
CURRENT VS 10Y AVG
+45.70%
CURRENT VS 15Y AVG
+66.20%
CURRENT VS 20Y AVG
+72.19%
SECTOR MEDIAN · INDUSTRIALS
16.46x
median of 129 covered companies
CURRENT VS SECTOR MEDIAN
-4.80%
vs the sector median at left
Market Cap
$72.28B
EV/EBITDA Ratio
14.27x
TTM Avg
13.51x
3Y Avg
13.84x
5Y Avg
14.49x
Market Cap
$71.20B
EV/EBITDA Ratio
16.15x
TTM Avg
15.44x
3Y Avg
15.31x
5Y Avg
14.32x
Market Cap
$75.40B
EV/EBITDA Ratio
15.17x
TTM Avg
17.30x
3Y Avg
18.48x
5Y Avg
17.32x
Market Cap
$76.91B
EV/EBITDA Ratio
18.33x
TTM Avg
18.52x
3Y Avg
18.30x
5Y Avg
18.48x
Market Cap
$77.08B
EV/EBITDA Ratio
17.02x
TTM Avg
16.80x
3Y Avg
18.11x
5Y Avg
20.89x
Market Cap
$67.62B
EV/EBITDA Ratio
13.98x
TTM Avg
15.20x
3Y Avg
15.90x
5Y Avg
15.52x
Market Cap
$79.53B
EV/EBITDA Ratio
197.79x
TTM Avg
227.94x
3Y Avg
183.14x
5Y Avg
183.14x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Cummins Inc. (CMI) | $72.79B | 15.67x | 16.65x | 14.68x | 12.89x |
| Canadian National Railway Company (CNI)vs › | $72.28B | 14.27x | 13.51x | 13.84x | 14.49x |
| FedEx Corporation (FDX)vs › | $71.38B | 9.40x | 9.34x | 8.49x | 8.21x |
| Norfolk Southern Corporation (NSC)vs › | $71.20B | 16.15x | 15.44x | 15.31x | 14.32x |
| Northrop Grumman Corporation (NOC)vs › | $75.40B | 15.17x | 17.30x | 18.48x | 17.32x |
| Illinois Tool Works Inc. (ITW)vs › | $76.91B | 18.33x | 18.52x | 18.30x | 18.48x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $77.08B | 17.02x | 16.80x | 18.11x | 20.89x |
| Republic Services, Inc. (RSG)vs › | $67.62B | 13.98x | 15.20x | 15.90x | 15.52x |
| Bloom Energy Corporation (BE)vs › | $79.53B | 197.79x | 227.94x | 183.14x | 183.14x |
| Honeywell International Inc. (HON)vs › | $65.82B | 14.29x | 12.26x | 10.66x | 10.56x |
At 15.7, EV/EBITDA is above its estimated 20-year median — higher than 92% 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
2.0
median
9.4
estimated 20-year high
21.7
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 | 16.55x |
| 2026-09-10 | 16.36x |
| 2026-09-09 | 16.49x |
| 2026-09-08 | 16.68x |
| 2026-09-04 | 16.66x |
| 2026-09-03 | 16.23x |
| 2026-09-02 | 16.38x |
| 2026-09-01 | 16.39x |
| 2026-08-31 | 16.76x |
| 2026-08-28 | 16.77x |
| 2026-08-27 | 17.02x |
| 2026-08-26 | 17.14x |
| 2026-08-25 | 16.99x |
| 2026-08-24 | 16.96x |
| 2026-08-21 | 17.41x |
| 2026-08-20 | 17.56x |
| 2026-08-19 | 17.99x |
| 2026-08-18 | 18.33x |
| 2026-08-17 | 18.90x |
| 2026-08-14 | 18.62x |
| 2026-08-13 | 18.63x |
| 2026-08-12 | 18.81x |
| 2026-08-11 | 18.67x |
| 2026-08-10 | 18.72x |
| 2026-08-07 | 18.99x |
| 2026-08-06 | 18.98x |
| 2026-08-05 | 19.15x |
| 2026-08-04 | 19.10x |
| 2026-08-03 | 19.46x |
| 2026-07-31 | 19.05x |
| 2026-07-30 | 19.02x |
| 2026-07-29 | 18.25x |
| 2026-07-28 | 19.26x |
| 2026-07-27 | 19.83x |
| 2026-07-24 | 19.91x |
| 2026-07-23 | 19.92x |
| 2026-07-22 | 19.80x |
| 2026-07-21 | 19.79x |
| 2026-07-20 | 19.20x |
| 2026-07-17 | 19.45x |
| 2026-07-16 | 19.44x |
| 2026-07-15 | 19.95x |
| 2026-07-14 | 20.22x |
| 2026-07-13 | 19.90x |
| 2026-07-10 | 20.23x |
| 2026-07-09 | 20.16x |
| 2026-07-08 | 20.04x |
| 2026-07-07 | 19.78x |
| 2026-07-06 | 20.29x |
| 2026-07-02 | 19.83x |
| 2026-07-01 | 20.41x |
| 2026-06-30 | 21.28x |
| 2026-06-29 | 20.66x |
| 2026-06-26 | 20.51x |
| 2026-06-25 | 21.69x |
| 2026-06-24 | 20.76x |
| 2026-06-23 | 20.88x |
| 2026-06-22 | 21.61x |
| 2026-06-18 | 21.38x |
| 2026-06-17 | 21.41x |
| 2026-06-16 | 20.91x |
| 2026-06-15 | 20.34x |
| 2026-06-12 | 19.77x |
| 2026-06-11 | 19.66x |
| 2026-06-10 | 18.95x |
| 2026-06-09 | 20.04x |
| 2026-06-08 | 20.14x |
| 2026-06-05 | 19.53x |
| 2026-06-04 | 20.29x |
| 2026-06-03 | 20.41x |
| 2026-06-02 | 20.14x |
| 2026-06-01 | 19.31x |
| 2026-05-29 | 19.40x |
| 2026-05-28 | 20.02x |
| 2026-05-27 | 20.00x |
| 2026-05-26 | 20.03x |
| 2026-05-22 | 19.20x |
| 2026-05-21 | 19.18x |
| 2026-05-20 | 20.06x |
| 2026-05-19 | 19.76x |
| 2026-05-18 | 20.28x |
| 2026-05-15 | 20.81x |
| 2026-05-14 | 21.37x |
| 2026-05-13 | 21.18x |
| 2026-05-12 | 21.04x |
| 2026-05-11 | 20.98x |
| 2026-05-08 | 20.33x |
| 2026-05-07 | 20.43x |
| 2026-05-06 | 21.35x |
| 2026-05-05 | 19.48x |
| 2026-05-04 | 18.98x |
| 2026-05-01 | 19.00x |
| 2026-04-30 | 19.37x |
| 2026-04-29 | 18.49x |
| 2026-04-28 | 18.59x |
| 2026-04-27 | 19.09x |
| 2026-04-24 | 19.09x |
| 2026-04-23 | 18.98x |
| 2026-04-22 | 18.50x |
| 2026-04-21 | 18.49x |
| 2026-04-20 | 18.43x |
| 2026-04-17 | 18.17x |
| 2026-04-16 | 17.67x |
| 2026-04-15 | 17.47x |
| 2026-04-14 | 17.85x |
| 2026-04-13 | 17.93x |
| 2026-04-10 | 17.87x |
| 2026-04-09 | 17.73x |
| 2026-04-08 | 17.34x |
| 2026-04-07 | 16.25x |
| 2026-04-06 | 16.12x |
| 2026-04-02 | 16.05x |
| 2026-04-01 | 16.06x |
| 2026-03-31 | 15.73x |
| 2026-03-30 | 15.01x |
| 2026-03-27 | 15.33x |
| 2026-03-26 | 15.51x |
| 2026-03-25 | 16.15x |
| 2026-03-24 | 16.19x |
| 2026-03-23 | 16.01x |
| 2026-03-20 | 15.61x |
| 2026-03-19 | 15.79x |
| 2026-03-18 | 15.88x |
| 2026-03-17 | 15.88x |
| 2026-03-16 | 15.93x |
| 2026-03-13 | 15.67x |
| 2026-03-12 | 15.75x |
| 2026-03-11 | 16.23x |
| 2026-03-10 | 16.30x |
| 2026-03-09 | 16.07x |
| 2026-03-06 | 15.77x |
| 2026-03-05 | 16.23x |
| 2026-03-04 | 16.72x |
| 2026-03-03 | 16.34x |
| 2026-03-02 | 16.89x |
| 2026-02-27 | 16.99x |
| 2026-02-26 | 17.10x |
| 2026-02-25 | 17.27x |
| 2026-02-24 | 17.44x |
| 2026-02-23 | 17.08x |
| 2026-02-20 | 17.24x |
| 2026-02-19 | 17.34x |
| 2026-02-18 | 17.24x |
| 2026-02-17 | 17.31x |
| 2026-02-13 | 17.45x |
| 2026-02-12 | 17.12x |
| 2026-02-11 | 17.40x |
| 2026-02-10 | 16.81x |
| 2026-02-09 | 17.17x |
| 2026-02-06 | 16.53x |
| 2026-02-05 | 15.54x |
| 2026-02-04 | 17.28x |
| 2026-02-03 | 17.20x |
| 2026-02-02 | 17.00x |
| 2026-01-30 | 16.56x |
| 2026-01-29 | 16.70x |
| 2026-01-28 | 16.54x |
| 2026-01-27 | 16.49x |
| 2026-01-26 | 16.32x |
| 2026-01-23 | 16.37x |
| 2026-01-22 | 16.68x |
| 2026-01-21 | 16.65x |
| 2026-01-20 | 16.21x |
| 2026-01-16 | 16.57x |
| 2026-01-15 | 16.46x |
| 2026-01-14 | 16.20x |
| 2026-01-13 | 16.26x |
| 2026-01-12 | 16.12x |
| 2026-01-09 | 15.85x |
| 2026-01-08 | 15.64x |
| 2026-01-07 | 15.50x |
| 2026-01-06 | 15.70x |
| 2026-01-05 | 15.30x |
| 2026-01-02 | 15.04x |
| 2025-12-31 | 14.73x |
| 2025-12-30 | 14.82x |
| 2025-12-29 | 14.85x |
| 2025-12-26 | 14.97x |
| 2025-12-24 | 14.92x |
| 2025-12-23 | 14.91x |
| 2025-12-22 | 14.97x |
| 2025-12-19 | 14.63x |
| 2025-12-18 | 14.47x |
| 2025-12-17 | 14.39x |
| 2025-12-16 | 14.84x |
| 2025-12-15 | 14.92x |
| 2025-12-12 | 14.72x |
| 2025-12-11 | 15.08x |
| 2025-12-10 | 15.11x |
| 2025-12-09 | 14.46x |
| 2025-12-08 | 14.66x |
| 2025-12-05 | 14.74x |
| 2025-12-04 | 14.74x |
| 2025-12-03 | 14.66x |
| 2025-12-02 | 14.49x |
| 2025-12-01 | 14.35x |
| 2025-11-28 | 14.40x |
| 2025-11-26 | 14.38x |
| 2025-11-25 | 14.32x |
| 2025-11-24 | 14.07x |
| 2025-11-21 | 13.72x |
| 2025-11-20 | 13.52x |
| 2025-11-19 | 13.74x |
| 2025-11-18 | 13.52x |
| 2025-11-17 | 13.28x |
| 2025-11-14 | 13.45x |
| 2025-11-13 | 13.58x |
| 2025-11-12 | 13.91x |
| 2025-11-11 | 13.81x |
| 2025-11-10 | 14.04x |
| 2025-11-07 | 13.74x |
| 2025-11-06 | 13.47x |
| 2025-11-05 | 12.85x |
| 2025-11-04 | 12.57x |
| 2025-11-03 | 12.81x |
| 2025-10-31 | 12.81x |
| 2025-10-30 | 12.82x |
| 2025-10-29 | 12.90x |
| 2025-10-28 | 12.19x |
| 2025-10-27 | 12.37x |
| 2025-10-24 | 12.38x |
| 2025-10-23 | 12.28x |
| 2025-10-22 | 12.02x |
| 2025-10-21 | 12.28x |
| 2025-10-20 | 12.18x |
| 2025-10-17 | 12.12x |
| 2025-10-16 | 12.41x |
| 2025-10-15 | 12.43x |
| 2025-10-14 | 12.25x |
| 2025-10-13 | 12.05x |
| 2025-10-10 | 12.16x |
| 2025-10-09 | 12.52x |
| 2025-10-08 | 12.77x |
| 2025-10-07 | 12.71x |
| 2025-10-06 | 12.84x |
| 2025-10-03 | 12.68x |
| 2025-10-02 | 12.67x |
| 2025-10-01 | 12.46x |
| 2025-09-30 | 12.40x |
| 2025-09-29 | 12.32x |
| 2025-09-26 | 12.29x |
| 2025-09-25 | 12.18x |
| 2025-09-24 | 12.28x |
| 2025-09-23 | 12.45x |
| 2025-09-22 | 12.47x |
| 2025-09-19 | 12.43x |
| 2025-09-18 | 12.51x |
| 2025-09-17 | 12.12x |
| 2025-09-16 | 12.22x |
| 2025-09-15 | 12.18x |
| 2025-09-12 | 12.08x |
| 2025-09-11 | 12.10x |
| 2025-09-10 | 11.95x |
| 2025-09-09 | 11.67x |
| 2025-09-08 | 11.74x |
| 2025-09-05 | 11.80x |
| 2025-09-04 | 11.83x |
| 2025-09-03 | 11.60x |
| 2025-09-02 | 11.68x |
| 2025-08-29 | 11.77x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
