Basis: Latest stored market observation. Source: stored company filings and market data; unavailable inputs remain N/A.
The EV/EBITDA ratio is 21.98x as of Tuesday, August 4, 2026.
EV/EBITDA RATIO
21.98x
EV/EBITDA RATIO AVG TTM
22.85x
EV/EBITDA RATIO AVG 3Y
20.36x
EV/EBITDA RATIO AVG 5Y
20.78x
EV/EBITDA RATIO AVG 10Y
18.69x
EV/EBITDA RATIO AVG 15Y
16.90x
EV/EBITDA RATIO AVG 20Y
17.53x
CURRENT VS TTM AVG
-3.80%
CURRENT VS 3Y AVG
+7.94%
CURRENT VS 5Y AVG
+5.79%
CURRENT VS 10Y AVG
+17.62%
CURRENT VS 15Y AVG
+30.09%
CURRENT VS 20Y AVG
+25.38%
SECTOR MEDIAN · REAL ESTATE
18.25x
median of 39 covered companies
CURRENT VS SECTOR MEDIAN
+20.44%
vs the sector median at left
First Industrial Realty Trust, Inc.
Market Cap
$8.57B
EV/EBITDA Ratio
21.98x
TTM Avg
22.85x
3Y Avg
20.36x
5Y Avg
20.78x
Market Cap
$8.80B
EV/EBITDA Ratio
298.17x
TTM Avg
118.95x
3Y Avg
50.92x
5Y Avg
39.85x
Market Cap
$9.18B
EV/EBITDA Ratio
18.95x
TTM Avg
19.61x
3Y Avg
19.05x
5Y Avg
19.86x
Market Cap
$7.52B
EV/EBITDA Ratio
26.25x
TTM Avg
24.74x
3Y Avg
24.53x
5Y Avg
26.10x
Market Cap
$10.60B
EV/EBITDA Ratio
17.80x
TTM Avg
15.44x
3Y Avg
16.05x
5Y Avg
16.88x
Market Cap
$11.01B
EV/EBITDA Ratio
13.54x
TTM Avg
17.15x
3Y Avg
17.23x
5Y Avg
20.37x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Industrial Realty Trust, Inc. (FR) | $8.57B | 21.98x | 22.85x | 20.36x | 20.78x |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $8.80B | 298.17x | 118.95x | 50.92x | 39.85x |
| NNN REIT, Inc. (NNN)vs › | $8.98B | 16.00x | 15.13x | 14.97x | 15.88x |
| Agree Realty Corporation (ADC)vs › | $9.18B | 18.95x | 19.61x | 19.05x | 19.86x |
| CubeSmart (CUBE)vs › | $9.47B | 18.37x | 17.50x | 16.82x | 16.51x |
| Terreno Realty Corporation (TRNO)vs › | $7.52B | 26.25x | 24.74x | 24.53x | 26.10x |
| Federal Realty Investment Trust (FRT)vs › | $10.60B | 17.80x | 15.44x | 16.05x | 16.88x |
| Camden Property Trust (CPT)vs › | $11.01B | 13.54x | 17.15x | 17.23x | 20.37x |
| BXP, Inc. (BXP)vs › | $11.17B | 12.37x | 12.14x | 13.12x | 14.28x |
| CoStar Group, Inc. (CSGP)vs › | $12.00B | 44.11x | 127.76x | 123.56x | 93.61x |
At 22.0, EV/EBITDA is richer than usual, sitting higher than 65% of its 20-year history.
20-year low
10.0
median
19.2
20-year high
81.6
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 |
|---|---|
| 2026-08-03 | 21.98x |
| 2026-07-31 | 22.06x |
| 2026-07-30 | 22.10x |
| 2026-07-29 | 21.93x |
| 2026-07-28 | 22.15x |
| 2026-07-27 | 22.22x |
| 2026-07-24 | 22.36x |
| 2026-07-23 | 22.19x |
| 2026-07-22 | 24.16x |
| 2026-07-21 | 24.37x |
| 2026-07-20 | 24.30x |
| 2026-07-17 | 24.48x |
| 2026-07-16 | 24.43x |
| 2026-07-15 | 23.66x |
| 2026-07-14 | 23.34x |
| 2026-07-13 | 23.44x |
| 2026-07-10 | 23.41x |
| 2026-07-09 | 23.38x |
| 2026-07-08 | 23.31x |
| 2026-07-07 | 23.25x |
| 2026-07-06 | 22.87x |
| 2026-07-02 | 22.69x |
| 2026-07-01 | 22.47x |
| 2026-06-30 | 22.38x |
| 2026-06-29 | 22.96x |
| 2026-06-26 | 23.02x |
| 2026-06-25 | 22.89x |
| 2026-06-24 | 22.97x |
| 2026-06-23 | 23.03x |
| 2026-06-22 | 22.89x |
| 2026-06-18 | 22.52x |
| 2026-06-17 | 22.21x |
| 2026-06-16 | 22.80x |
| 2026-06-15 | 22.96x |
| 2026-06-12 | 23.01x |
| 2026-06-11 | 22.80x |
| 2026-06-10 | 22.69x |
| 2026-06-09 | 22.83x |
| 2026-06-08 | 22.27x |
| 2026-06-05 | 22.46x |
| 2026-06-04 | 22.49x |
| 2026-06-03 | 22.13x |
| 2026-06-02 | 22.03x |
| 2026-06-01 | 21.93x |
| 2026-05-29 | 22.54x |
| 2026-05-28 | 22.73x |
| 2026-05-27 | 22.87x |
| 2026-05-26 | 23.14x |
| 2026-05-22 | 22.93x |
| 2026-05-21 | 22.70x |
| 2026-05-20 | 22.65x |
| 2026-05-19 | 22.48x |
| 2026-05-18 | 22.44x |
| 2026-05-15 | 22.25x |
| 2026-05-14 | 22.39x |
| 2026-05-13 | 22.54x |
| 2026-05-12 | 22.68x |
| 2026-05-11 | 22.68x |
| 2026-05-08 | 22.78x |
| 2026-05-07 | 22.69x |
| 2026-05-06 | 22.72x |
| 2026-05-05 | 22.50x |
| 2026-05-04 | 22.31x |
| 2026-05-01 | 22.62x |
| 2026-04-30 | 22.58x |
| 2026-04-29 | 22.40x |
| 2026-04-28 | 22.71x |
| 2026-04-27 | 22.60x |
| 2026-04-24 | 22.40x |
| 2026-04-23 | 23.14x |
| 2026-04-22 | 23.28x |
| 2026-04-21 | 23.24x |
| 2026-04-20 | 23.58x |
| 2026-04-17 | 23.39x |
| 2026-04-16 | 23.01x |
| 2026-04-15 | 22.71x |
| 2026-04-14 | 22.64x |
| 2026-04-13 | 22.45x |
| 2026-04-10 | 22.53x |
| 2026-04-09 | 22.47x |
| 2026-04-08 | 22.39x |
| 2026-04-07 | 22.07x |
| 2026-04-06 | 21.89x |
| 2026-04-02 | 21.96x |
| 2026-04-01 | 21.95x |
| 2026-03-31 | 21.72x |
| 2026-03-30 | 21.56x |
| 2026-03-27 | 21.53x |
| 2026-03-26 | 21.81x |
| 2026-03-25 | 21.85x |
| 2026-03-24 | 21.70x |
| 2026-03-23 | 21.78x |
| 2026-03-20 | 21.48x |
| 2026-03-19 | 22.00x |
| 2026-03-18 | 22.33x |
| 2026-03-17 | 22.57x |
| 2026-03-16 | 22.61x |
| 2026-03-13 | 22.36x |
| 2026-03-12 | 22.38x |
| 2026-03-11 | 22.63x |
| 2026-03-10 | 22.65x |
| 2026-03-09 | 22.48x |
| 2026-03-06 | 22.29x |
| 2026-03-05 | 22.73x |
| 2026-03-04 | 23.03x |
| 2026-03-03 | 23.09x |
| 2026-03-02 | 23.32x |
| 2026-02-27 | 23.22x |
| 2026-02-26 | 23.32x |
| 2026-02-25 | 23.04x |
| 2026-02-24 | 22.96x |
| 2026-02-23 | 22.90x |
| 2026-02-20 | 22.92x |
| 2026-02-19 | 22.54x |
| 2026-02-18 | 22.45x |
| 2026-02-17 | 22.35x |
| 2026-02-13 | 22.03x |
| 2026-02-12 | 21.77x |
| 2026-02-11 | 22.16x |
| 2026-02-10 | 24.03x |
| 2026-02-09 | 23.88x |
| 2026-02-06 | 23.93x |
| 2026-02-05 | 23.92x |
| 2026-02-04 | 23.54x |
| 2026-02-03 | 23.49x |
| 2026-02-02 | 23.27x |
| 2026-01-30 | 23.42x |
| 2026-01-29 | 23.46x |
| 2026-01-28 | 23.08x |
| 2026-01-27 | 23.24x |
| 2026-01-26 | 23.14x |
| 2026-01-23 | 23.24x |
| 2026-01-22 | 23.18x |
| 2026-01-21 | 23.56x |
| 2026-01-20 | 23.65x |
| 2026-01-16 | 23.96x |
| 2026-01-15 | 23.79x |
| 2026-01-14 | 23.75x |
| 2026-01-13 | 23.73x |
| 2026-01-12 | 23.66x |
| 2026-01-09 | 23.76x |
| 2026-01-08 | 23.67x |
| 2026-01-07 | 23.51x |
| 2026-01-06 | 23.34x |
| 2026-01-05 | 23.52x |
| 2026-01-02 | 23.38x |
| 2025-12-31 | 23.20x |
| 2025-12-30 | 23.45x |
| 2025-12-29 | 23.41x |
| 2025-12-26 | 23.49x |
| 2025-12-24 | 23.53x |
| 2025-12-23 | 23.21x |
| 2025-12-22 | 23.36x |
| 2025-12-19 | 23.44x |
| 2025-12-18 | 23.52x |
| 2025-12-17 | 23.59x |
| 2025-12-16 | 23.42x |
| 2025-12-15 | 23.51x |
| 2025-12-12 | 23.47x |
| 2025-12-11 | 23.71x |
| 2025-12-10 | 23.58x |
| 2025-12-09 | 23.18x |
| 2025-12-08 | 23.23x |
| 2025-12-05 | 23.37x |
| 2025-12-04 | 23.05x |
| 2025-12-03 | 22.81x |
| 2025-12-02 | 22.95x |
| 2025-12-01 | 23.13x |
| 2025-11-28 | 23.19x |
| 2025-11-26 | 23.27x |
| 2025-11-25 | 23.12x |
| 2025-11-24 | 22.99x |
| 2025-11-21 | 22.92x |
| 2025-11-20 | 22.62x |
| 2025-11-19 | 22.53x |
| 2025-11-18 | 22.78x |
| 2025-11-17 | 22.74x |
| 2025-11-14 | 22.75x |
| 2025-11-13 | 22.85x |
| 2025-11-12 | 22.87x |
| 2025-11-11 | 23.01x |
| 2025-11-10 | 22.84x |
| 2025-11-07 | 22.91x |
| 2025-11-06 | 22.58x |
| 2025-11-05 | 22.63x |
| 2025-11-04 | 22.55x |
| 2025-11-03 | 22.61x |
| 2025-10-31 | 22.62x |
| 2025-10-30 | 22.78x |
| 2025-10-29 | 22.73x |
| 2025-10-28 | 22.87x |
| 2025-10-27 | 22.99x |
| 2025-10-24 | 22.86x |
| 2025-10-23 | 22.75x |
| 2025-10-22 | 22.73x |
| 2025-10-21 | 22.69x |
| 2025-10-20 | 22.84x |
| 2025-10-17 | 22.57x |
| 2025-10-16 | 20.22x |
| 2025-10-15 | 20.01x |
| 2025-10-14 | 19.53x |
| 2025-10-13 | 19.40x |
| 2025-10-10 | 19.06x |
| 2025-10-09 | 19.35x |
| 2025-10-08 | 19.46x |
| 2025-10-07 | 19.45x |
| 2025-10-06 | 19.43x |
| 2025-10-03 | 19.46x |
| 2025-10-02 | 19.41x |
| 2025-10-01 | 19.57x |
| 2025-09-30 | 19.40x |
| 2025-09-29 | 19.42x |
| 2025-09-26 | 19.37x |
| 2025-09-25 | 19.32x |
| 2025-09-24 | 19.30x |
| 2025-09-23 | 19.50x |
| 2025-09-22 | 19.55x |
| 2025-09-19 | 19.47x |
| 2025-09-18 | 19.64x |
| 2025-09-17 | 19.47x |
| 2025-09-16 | 19.55x |
| 2025-09-15 | 19.52x |
| 2025-09-12 | 19.60x |
| 2025-09-11 | 19.73x |
| 2025-09-10 | 19.29x |
| 2025-09-09 | 19.34x |
| 2025-09-08 | 19.59x |
| 2025-09-05 | 19.62x |
| 2025-09-04 | 19.55x |
| 2025-09-03 | 19.51x |
| 2025-09-02 | 19.34x |
| 2025-08-29 | 19.71x |
| 2025-08-28 | 19.62x |
| 2025-08-27 | 19.67x |
| 2025-08-26 | 19.31x |
| 2025-08-25 | 19.35x |
| 2025-08-22 | 19.43x |
| 2025-08-21 | 18.86x |
| 2025-08-20 | 18.99x |
| 2025-08-19 | 19.15x |
| 2025-08-18 | 18.57x |
| 2025-08-15 | 18.68x |
| 2025-08-14 | 18.57x |
| 2025-08-13 | 18.71x |
| 2025-08-12 | 18.51x |
| 2025-08-11 | 18.31x |
| 2025-08-08 | 18.44x |
| 2025-08-07 | 18.53x |
| 2025-08-06 | 18.47x |
| 2025-08-05 | 18.64x |
| 2025-08-04 | 18.47x |
| 2025-08-01 | 18.39x |
| 2025-07-31 | 18.63x |
| 2025-07-30 | 18.78x |
| 2025-07-29 | 19.01x |
| 2025-07-28 | 18.65x |
| 2025-07-25 | 18.94x |
| 2025-07-24 | 19.02x |
| 2025-07-23 | 19.28x |
| 2025-07-22 | 19.13x |
Showing the most recent 260 of 4,699 data points. The chart above shows the full history.