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 17.01x is 19% below its estimated 5-year average of 20.89x, near the low end of its estimated 5-year range (14.55x–30.67x).
As of 2026-09-24T18:40:42.226Z. 1.24% above its estimated 12-month average of 16.80x.
Calculation as of: 2026-09-24T18:40:42.226Z.
Quote observation: 2026-09-24T18:40:10.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 576c460ed125386d3443190c9da8c6343329d9bdfa82f7cd749e3ba06ba8fa37
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
17.01x
EV/EBITDA RATIO AVG TTM
16.80x
EV/EBITDA RATIO AVG 3Y
17.72x
EV/EBITDA RATIO AVG 5Y
20.89x
EV/EBITDA RATIO AVG 10Y
16.92x
EV/EBITDA RATIO AVG 15Y
15.17x
EV/EBITDA RATIO AVG 20Y
14.18x
CURRENT VS TTM AVG
+1.24%
CURRENT VS 3Y AVG
-3.98%
CURRENT VS 5Y AVG
-18.59%
CURRENT VS 10Y AVG
+0.52%
CURRENT VS 15Y AVG
+12.12%
CURRENT VS 20Y AVG
+19.96%
SECTOR MEDIAN · INDUSTRIALS
16.56x
median of 129 covered companies
CURRENT VS SECTOR MEDIAN
+2.72%
vs the sector median at left
Canadian Pacific Kansas City Ltd.
Market Cap
$77.03B
EV/EBITDA Ratio
17.01x
TTM Avg
16.80x
3Y Avg
17.72x
5Y Avg
20.89x
Market Cap
$78.05B
EV/EBITDA Ratio
18.57x
TTM Avg
18.52x
3Y Avg
18.30x
5Y Avg
18.48x
Market Cap
$78.00B
EV/EBITDA Ratio
9.77x
TTM Avg
9.48x
3Y Avg
10.19x
5Y Avg
10.71x
Market Cap
$78.01B
EV/EBITDA Ratio
194.03x
TTM Avg
227.94x
3Y Avg
183.14x
5Y Avg
183.14x
Market Cap
$79.41B
EV/EBITDA Ratio
26.23x
TTM Avg
26.48x
3Y Avg
29.29x
5Y Avg
27.18x
Market Cap
$73.08B
EV/EBITDA Ratio
14.78x
TTM Avg
17.30x
3Y Avg
18.48x
5Y Avg
17.32x
Market Cap
$72.72B
EV/EBITDA Ratio
14.34x
TTM Avg
13.51x
3Y Avg
13.84x
5Y Avg
14.49x
Market Cap
$83.26B
EV/EBITDA Ratio
13.65x
TTM Avg
15.22x
3Y Avg
15.80x
5Y Avg
15.56x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Canadian Pacific Kansas City Ltd. (CP) | $77.03B | 17.01x | 16.80x | 17.72x | 20.89x |
| Illinois Tool Works Inc. (ITW)vs › | $78.05B | 18.57x | 18.52x | 18.30x | 18.48x |
| United Parcel Service, Inc. (UPS)vs › | $78.00B | 9.77x | 9.48x | 10.19x | 10.71x |
| Bloom Energy Corporation (BE)vs › | $78.01B | 194.03x | 227.94x | 183.14x | 183.14x |
| Cintas Corporation (CTAS)vs › | $79.41B | 26.23x | 26.48x | 29.29x | 27.18x |
| Northrop Grumman Corporation (NOC)vs › | $73.08B | 14.78x | 17.30x | 18.48x | 17.32x |
| Canadian National Railway Company (CNI)vs › | $72.72B | 14.34x | 13.51x | 13.84x | 14.49x |
| Cummins Inc. (CMI)vs › | $71.28B | 15.36x | 16.65x | 14.68x | 12.89x |
| Waste Management, Inc. (WM)vs › | $83.26B | 13.65x | 15.22x | 15.80x | 15.56x |
| Norfolk Southern Corporation (NSC)vs › | $70.45B | 16.01x | 15.44x | 15.31x | 14.32x |
At 17.0, EV/EBITDA is above its estimated 18-year median — higher than 71% 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
3.9
median
14.0
estimated 18-year high
30.7
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 | 17.39x |
| 2026-09-10 | 17.33x |
| 2026-09-09 | 17.53x |
| 2026-09-08 | 17.70x |
| 2026-09-04 | 17.77x |
| 2026-09-03 | 17.73x |
| 2026-09-02 | 17.44x |
| 2026-09-01 | 17.35x |
| 2026-08-31 | 17.95x |
| 2026-08-28 | 18.18x |
| 2026-08-27 | 18.13x |
| 2026-08-26 | 18.27x |
| 2026-08-25 | 18.21x |
| 2026-08-24 | 18.27x |
| 2026-08-21 | 18.59x |
| 2026-08-20 | 18.29x |
| 2026-08-19 | 18.23x |
| 2026-08-18 | 18.11x |
| 2026-08-17 | 18.14x |
| 2026-08-14 | 18.08x |
| 2026-08-13 | 18.14x |
| 2026-08-12 | 17.95x |
| 2026-08-11 | 17.82x |
| 2026-08-10 | 17.60x |
| 2026-08-07 | 17.78x |
| 2026-08-06 | 17.56x |
| 2026-08-05 | 17.75x |
| 2026-08-04 | 17.62x |
| 2026-08-03 | 17.62x |
| 2026-07-31 | 17.34x |
| 2026-07-30 | 17.22x |
| 2026-07-29 | 18.02x |
| 2026-07-28 | 18.08x |
| 2026-07-27 | 18.04x |
| 2026-07-24 | 18.19x |
| 2026-07-23 | 18.19x |
| 2026-07-22 | 18.02x |
| 2026-07-21 | 18.00x |
| 2026-07-20 | 18.08x |
| 2026-07-17 | 18.41x |
| 2026-07-16 | 18.28x |
| 2026-07-15 | 17.88x |
| 2026-07-14 | 18.03x |
| 2026-07-13 | 18.03x |
| 2026-07-10 | 17.83x |
| 2026-07-09 | 17.86x |
| 2026-07-08 | 17.71x |
| 2026-07-07 | 17.60x |
| 2026-07-06 | 17.48x |
| 2026-07-02 | 17.45x |
| 2026-07-01 | 17.14x |
| 2026-06-30 | 17.26x |
| 2026-06-29 | 17.30x |
| 2026-06-26 | 17.44x |
| 2026-06-25 | 17.32x |
| 2026-06-24 | 16.96x |
| 2026-06-23 | 17.04x |
| 2026-06-22 | 17.10x |
| 2026-06-18 | 17.16x |
| 2026-06-17 | 17.09x |
| 2026-06-16 | 17.67x |
| 2026-06-15 | 17.69x |
| 2026-06-12 | 17.82x |
| 2026-06-11 | 17.69x |
| 2026-06-10 | 17.74x |
| 2026-06-09 | 17.84x |
| 2026-06-08 | 17.82x |
| 2026-06-05 | 17.80x |
| 2026-06-04 | 17.73x |
| 2026-06-03 | 17.66x |
| 2026-06-02 | 17.83x |
| 2026-06-01 | 17.59x |
| 2026-05-29 | 17.70x |
| 2026-05-28 | 17.91x |
| 2026-05-27 | 18.01x |
| 2026-05-26 | 17.66x |
| 2026-05-22 | 17.20x |
| 2026-05-21 | 17.27x |
| 2026-05-20 | 17.21x |
| 2026-05-19 | 17.18x |
| 2026-05-18 | 17.19x |
| 2026-05-15 | 17.00x |
| 2026-05-14 | 17.30x |
| 2026-05-13 | 17.10x |
| 2026-05-12 | 17.13x |
| 2026-05-11 | 16.95x |
| 2026-05-08 | 17.16x |
| 2026-05-07 | 17.03x |
| 2026-05-06 | 17.15x |
| 2026-05-05 | 16.75x |
| 2026-05-04 | 16.69x |
| 2026-05-01 | 17.19x |
| 2026-04-30 | 17.31x |
| 2026-04-29 | 16.87x |
| 2026-04-28 | 17.28x |
| 2026-04-27 | 17.38x |
| 2026-04-24 | 17.30x |
| 2026-04-23 | 17.18x |
| 2026-04-22 | 16.55x |
| 2026-04-21 | 16.58x |
| 2026-04-20 | 16.45x |
| 2026-04-17 | 16.42x |
| 2026-04-16 | 16.20x |
| 2026-04-15 | 16.34x |
| 2026-04-14 | 16.53x |
| 2026-04-13 | 16.41x |
| 2026-04-10 | 16.29x |
| 2026-04-09 | 16.37x |
| 2026-04-08 | 16.45x |
| 2026-04-07 | 16.19x |
| 2026-04-06 | 16.09x |
| 2026-04-02 | 16.01x |
| 2026-04-01 | 15.85x |
| 2026-03-31 | 15.93x |
| 2026-03-30 | 15.75x |
| 2026-03-27 | 15.86x |
| 2026-03-26 | 16.00x |
| 2026-03-25 | 16.16x |
| 2026-03-24 | 16.03x |
| 2026-03-23 | 16.06x |
| 2026-03-20 | 15.86x |
| 2026-03-19 | 15.90x |
| 2026-03-18 | 16.14x |
| 2026-03-17 | 16.25x |
| 2026-03-16 | 16.47x |
| 2026-03-13 | 16.37x |
| 2026-03-12 | 16.34x |
| 2026-03-11 | 16.66x |
| 2026-03-10 | 16.80x |
| 2026-03-09 | 16.79x |
| 2026-03-06 | 16.64x |
| 2026-03-05 | 17.01x |
| 2026-03-04 | 17.27x |
| 2026-03-03 | 17.43x |
| 2026-03-02 | 17.69x |
| 2026-02-27 | 17.40x |
| 2026-02-26 | 17.32x |
| 2026-02-25 | 17.10x |
| 2026-02-24 | 17.18x |
| 2026-02-23 | 16.93x |
| 2026-02-20 | 16.99x |
| 2026-02-19 | 16.92x |
| 2026-02-18 | 16.76x |
| 2026-02-17 | 16.79x |
| 2026-02-13 | 16.77x |
| 2026-02-12 | 16.76x |
| 2026-02-11 | 16.78x |
| 2026-02-10 | 16.66x |
| 2026-02-09 | 16.34x |
| 2026-02-06 | 16.22x |
| 2026-02-05 | 16.00x |
| 2026-02-04 | 16.08x |
| 2026-02-03 | 15.60x |
| 2026-02-02 | 15.34x |
| 2026-01-30 | 15.23x |
| 2026-01-29 | 15.47x |
| 2026-01-28 | 14.81x |
| 2026-01-27 | 14.97x |
| 2026-01-26 | 14.93x |
| 2026-01-23 | 14.98x |
| 2026-01-22 | 14.91x |
| 2026-01-21 | 14.84x |
| 2026-01-20 | 14.55x |
| 2026-01-16 | 14.93x |
| 2026-01-15 | 14.91x |
| 2026-01-14 | 14.85x |
| 2026-01-13 | 14.62x |
| 2026-01-12 | 14.78x |
| 2026-01-09 | 14.77x |
| 2026-01-08 | 14.88x |
| 2026-01-07 | 14.59x |
| 2026-01-06 | 15.08x |
| 2026-01-05 | 14.96x |
| 2026-01-02 | 15.24x |
| 2025-12-31 | 16.91x |
| 2025-12-30 | 17.03x |
| 2025-12-29 | 17.11x |
| 2025-12-26 | 17.10x |
| 2025-12-24 | 17.07x |
| 2025-12-23 | 17.05x |
| 2025-12-22 | 17.06x |
| 2025-12-19 | 17.01x |
| 2025-12-18 | 17.01x |
| 2025-12-17 | 16.90x |
| 2025-12-16 | 16.87x |
| 2025-12-15 | 17.05x |
| 2025-12-12 | 17.18x |
| 2025-12-11 | 17.19x |
| 2025-12-10 | 17.13x |
| 2025-12-09 | 16.82x |
| 2025-12-08 | 17.00x |
| 2025-12-05 | 16.94x |
| 2025-12-04 | 16.97x |
| 2025-12-03 | 16.96x |
| 2025-12-02 | 16.62x |
| 2025-12-01 | 16.70x |
| 2025-11-28 | 16.73x |
| 2025-11-26 | 16.65x |
| 2025-11-25 | 16.56x |
| 2025-11-24 | 16.30x |
| 2025-11-21 | 16.30x |
| 2025-11-20 | 16.11x |
| 2025-11-19 | 16.18x |
| 2025-11-18 | 16.21x |
| 2025-11-17 | 16.36x |
| 2025-11-14 | 16.42x |
| 2025-11-13 | 16.49x |
| 2025-11-12 | 16.71x |
| 2025-11-11 | 16.54x |
| 2025-11-10 | 16.47x |
| 2025-11-07 | 16.45x |
| 2025-11-06 | 16.11x |
| 2025-11-05 | 16.36x |
| 2025-11-04 | 16.40x |
| 2025-11-03 | 16.42x |
| 2025-10-31 | 16.63x |
| 2025-10-30 | 16.74x |
| 2025-10-29 | 15.82x |
| 2025-10-28 | 16.03x |
| 2025-10-27 | 16.04x |
| 2025-10-24 | 16.22x |
| 2025-10-23 | 16.30x |
| 2025-10-22 | 16.40x |
| 2025-10-21 | 16.25x |
| 2025-10-20 | 16.41x |
| 2025-10-17 | 16.40x |
| 2025-10-16 | 16.22x |
| 2025-10-15 | 16.44x |
| 2025-10-14 | 16.35x |
| 2025-10-13 | 16.33x |
| 2025-10-10 | 16.12x |
| 2025-10-09 | 16.27x |
| 2025-10-08 | 16.60x |
| 2025-10-07 | 16.62x |
| 2025-10-06 | 16.55x |
| 2025-10-03 | 16.59x |
| 2025-10-02 | 16.29x |
| 2025-10-01 | 16.11x |
| 2025-09-30 | 16.05x |
| 2025-09-29 | 15.86x |
| 2025-09-26 | 15.88x |
| 2025-09-25 | 16.00x |
| 2025-09-24 | 15.97x |
| 2025-09-23 | 15.99x |
| 2025-09-22 | 16.07x |
| 2025-09-19 | 16.25x |
| 2025-09-18 | 16.25x |
| 2025-09-17 | 16.19x |
| 2025-09-16 | 16.33x |
| 2025-09-15 | 16.30x |
| 2025-09-12 | 16.15x |
| 2025-09-11 | 16.26x |
| 2025-09-10 | 16.05x |
| 2025-09-09 | 16.09x |
| 2025-09-08 | 16.34x |
| 2025-09-05 | 16.42x |
| 2025-09-04 | 16.45x |
| 2025-09-03 | 16.43x |
| 2025-09-02 | 16.39x |
| 2025-08-29 | 16.35x |
Showing the most recent 260 of 4,642 data points. The chart above shows the full history.
