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 31.98x is in line with its estimated 5-year average of 30.22x, around the middle of its estimated 5-year range (22.91x–41.74x).
As of 2026-10-01T22:45:31.820Z. 11.53% above its estimated 12-month average of 28.67x.
Calculation as of: 2026-10-01T22:45:31.820Z.
Quote observation: 2026-10-01T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: c7aed26b8a236475a242cc762c1d9f01497bc7e6e4f01c17a25777ec4aabbb7a
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
31.98x
EV/EBITDA RATIO AVG TTM
28.67x
EV/EBITDA RATIO AVG 3Y
29.65x
EV/EBITDA RATIO AVG 5Y
30.22x
EV/EBITDA RATIO AVG 10Y
27.49x
EV/EBITDA RATIO AVG 15Y
22.53x
EV/EBITDA RATIO AVG 20Y
19.30x
CURRENT VS TTM AVG
+11.53%
CURRENT VS 3Y AVG
+7.86%
CURRENT VS 5Y AVG
+5.84%
CURRENT VS 10Y AVG
+16.32%
CURRENT VS 15Y AVG
+41.97%
CURRENT VS 20Y AVG
+65.74%
SECTOR MEDIAN · INDUSTRIALS
16.32x
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
+95.96%
vs the sector median at left
HEICO Corporation
Market Cap
$44.45B
EV/EBITDA Ratio
31.98x
TTM Avg
28.67x
3Y Avg
29.65x
5Y Avg
30.22x
Market Cap
$44.39B
EV/EBITDA Ratio
15.42x
TTM Avg
19.38x
3Y Avg
17.81x
5Y Avg
17.43x
Market Cap
$45.52B
EV/EBITDA Ratio
19.90x
TTM Avg
19.88x
3Y Avg
21.07x
5Y Avg
17.32x
Market Cap
$43.37B
EV/EBITDA Ratio
14.66x
TTM Avg
14.11x
3Y Avg
24.38x
5Y Avg
24.89x
Market Cap
$42.69B
EV/EBITDA Ratio
30.77x
TTM Avg
37.25x
3Y Avg
37.44x
5Y Avg
37.96x
Market Cap
$48.62B
EV/EBITDA Ratio
22.07x
TTM Avg
20.59x
3Y Avg
18.15x
5Y Avg
17.08x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| HEICO Corporation (HEI-A) | $44.45B | 31.98x | 28.67x | 29.65x | 30.22x |
| L3Harris Technologies, Inc. (LHX)vs › | $44.39B | 15.42x | 19.38x | 17.81x | 17.43x |
| Carrier Global Corporation (CARR)vs › | $45.52B | 19.90x | 19.88x | 21.07x | 17.32x |
| Thomson Reuters Corporation (TRI)vs › | $43.37B | 14.66x | 14.11x | 24.38x | 24.89x |
| Ferguson plc (FERG)vs › | $42.96B | N/A | 16.48x | 15.69x | 13.77x |
| HEICO Corporation (HEI)vs › | $42.69B | 30.77x | 37.25x | 37.44x | 37.96x |
| Rocket Lab USA, Inc. (RKLB)vs › | $40.79B | N/A | N/A | N/A | N/A |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $48.62B | 22.07x | 20.59x | 18.15x | 17.08x |
| Honeywell Aerospace Inc (HONA)vs › | $48.83B | N/A | N/A | N/A | N/A |
| Rockwell Automation, Inc. (ROK)vs › | $49.23B | 23.06x | 25.92x | 22.68x | 23.03x |
At 32.0, EV/EBITDA is above its estimated 20-year median — higher than 90% 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
4.2
median
15.2
estimated 20-year high
44.7
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 |
|---|---|
| 2026-10-01 | 23.87x |
| 2026-09-30 | 23.63x |
| 2026-09-29 | 23.88x |
| 2026-09-28 | 23.86x |
| 2026-09-25 | 23.99x |
| 2026-09-24 | 23.74x |
| 2026-09-23 | 23.90x |
| 2026-09-22 | 23.72x |
| 2026-09-21 | 23.47x |
| 2026-09-18 | 23.01x |
| 2026-09-17 | 22.91x |
| 2026-09-16 | 23.06x |
| 2026-09-15 | 23.07x |
| 2026-09-14 | 23.58x |
| 2026-09-11 | 24.30x |
| 2026-09-10 | 24.02x |
| 2026-09-09 | 24.03x |
| 2026-09-08 | 24.28x |
| 2026-09-04 | 24.78x |
| 2026-09-03 | 24.69x |
| 2026-09-02 | 24.74x |
| 2026-09-01 | 24.95x |
| 2026-08-31 | 25.16x |
| 2026-08-28 | 25.73x |
| 2026-08-27 | 27.72x |
| 2026-08-26 | 28.22x |
| 2026-08-25 | 28.35x |
| 2026-08-24 | 28.57x |
| 2026-08-21 | 28.76x |
| 2026-08-20 | 28.44x |
| 2026-08-19 | 29.11x |
| 2026-08-18 | 29.56x |
| 2026-08-17 | 29.75x |
| 2026-08-14 | 30.21x |
| 2026-08-13 | 29.95x |
| 2026-08-12 | 29.92x |
| 2026-08-11 | 29.14x |
| 2026-08-10 | 29.18x |
| 2026-08-07 | 29.31x |
| 2026-08-06 | 29.06x |
| 2026-08-05 | 29.32x |
| 2026-08-04 | 29.27x |
| 2026-08-03 | 28.84x |
| 2026-07-31 | 28.37x |
| 2026-07-30 | 28.26x |
| 2026-07-29 | 28.38x |
| 2026-07-28 | 28.99x |
| 2026-07-27 | 28.59x |
| 2026-07-24 | 27.97x |
| 2026-07-23 | 27.50x |
| 2026-07-22 | 27.02x |
| 2026-07-21 | 27.37x |
| 2026-07-20 | 27.43x |
| 2026-07-17 | 27.63x |
| 2026-07-16 | 27.64x |
| 2026-07-15 | 27.95x |
| 2026-07-14 | 27.59x |
| 2026-07-13 | 27.55x |
| 2026-07-10 | 28.04x |
| 2026-07-09 | 27.96x |
| 2026-07-08 | 27.73x |
| 2026-07-07 | 28.40x |
| 2026-07-06 | 28.93x |
| 2026-07-02 | 28.83x |
| 2026-07-01 | 28.82x |
| 2026-06-30 | 28.44x |
| 2026-06-29 | 28.08x |
| 2026-06-26 | 28.11x |
| 2026-06-25 | 28.39x |
| 2026-06-24 | 27.20x |
| 2026-06-23 | 27.23x |
| 2026-06-22 | 26.80x |
| 2026-06-18 | 27.37x |
| 2026-06-17 | 27.43x |
| 2026-06-16 | 27.42x |
| 2026-06-15 | 27.49x |
| 2026-06-12 | 27.32x |
| 2026-06-11 | 27.73x |
| 2026-06-10 | 26.32x |
| 2026-06-09 | 26.77x |
| 2026-06-08 | 26.53x |
| 2026-06-05 | 26.95x |
| 2026-06-04 | 27.24x |
| 2026-06-03 | 26.82x |
| 2026-06-02 | 27.08x |
| 2026-06-01 | 27.20x |
| 2026-05-29 | 30.94x |
| 2026-05-28 | 30.67x |
| 2026-05-27 | 27.57x |
| 2026-05-26 | 27.47x |
| 2026-05-22 | 26.93x |
| 2026-05-21 | 26.91x |
| 2026-05-20 | 26.90x |
| 2026-05-19 | 26.25x |
| 2026-05-18 | 26.29x |
| 2026-05-15 | 26.07x |
| 2026-05-14 | 26.76x |
| 2026-05-13 | 26.33x |
| 2026-05-12 | 26.16x |
| 2026-05-11 | 26.20x |
| 2026-05-08 | 26.66x |
| 2026-05-07 | 26.56x |
| 2026-05-06 | 27.06x |
| 2026-05-05 | 25.84x |
| 2026-05-04 | 25.31x |
| 2026-05-01 | 25.27x |
| 2026-04-30 | 25.24x |
| 2026-04-29 | 24.38x |
| 2026-04-28 | 24.85x |
| 2026-04-27 | 24.85x |
| 2026-04-24 | 24.66x |
| 2026-04-23 | 25.09x |
| 2026-04-22 | 25.06x |
| 2026-04-21 | 25.52x |
| 2026-04-20 | 26.63x |
| 2026-04-17 | 26.64x |
| 2026-04-16 | 26.04x |
| 2026-04-15 | 26.70x |
| 2026-04-14 | 27.14x |
| 2026-04-13 | 26.85x |
| 2026-04-10 | 26.45x |
| 2026-04-09 | 26.87x |
| 2026-04-08 | 26.95x |
| 2026-04-07 | 25.63x |
| 2026-04-06 | 25.75x |
| 2026-04-02 | 25.47x |
| 2026-04-01 | 25.62x |
| 2026-03-31 | 25.48x |
| 2026-03-30 | 24.78x |
| 2026-03-27 | 25.10x |
| 2026-03-26 | 25.17x |
| 2026-03-25 | 25.70x |
| 2026-03-24 | 25.67x |
| 2026-03-23 | 25.69x |
| 2026-03-20 | 25.29x |
| 2026-03-19 | 25.75x |
| 2026-03-18 | 26.59x |
| 2026-03-17 | 27.06x |
| 2026-03-16 | 26.92x |
| 2026-03-13 | 26.63x |
| 2026-03-12 | 26.82x |
| 2026-03-11 | 27.93x |
| 2026-03-10 | 27.80x |
| 2026-03-09 | 28.06x |
| 2026-03-06 | 27.92x |
| 2026-03-05 | 28.13x |
| 2026-03-04 | 29.14x |
| 2026-03-03 | 29.23x |
| 2026-03-02 | 29.44x |
| 2026-02-27 | 29.32x |
| 2026-02-26 | 29.06x |
| 2026-02-25 | 30.81x |
| 2026-02-24 | 31.55x |
| 2026-02-23 | 31.48x |
| 2026-02-20 | 31.80x |
| 2026-02-19 | 31.64x |
| 2026-02-18 | 31.38x |
| 2026-02-17 | 30.95x |
| 2026-02-13 | 30.80x |
| 2026-02-12 | 30.50x |
| 2026-02-11 | 30.12x |
| 2026-02-10 | 30.22x |
| 2026-02-09 | 30.25x |
| 2026-02-06 | 30.60x |
| 2026-02-05 | 30.29x |
| 2026-02-04 | 30.39x |
| 2026-02-03 | 31.30x |
| 2026-02-02 | 31.27x |
| 2026-01-30 | 30.99x |
| 2026-01-29 | 31.00x |
| 2026-01-28 | 31.05x |
| 2026-01-27 | 31.77x |
| 2026-01-26 | 31.50x |
| 2026-01-23 | 31.38x |
| 2026-01-22 | 31.86x |
| 2026-01-21 | 32.68x |
| 2026-01-20 | 32.43x |
| 2026-01-16 | 33.04x |
| 2026-01-15 | 33.48x |
| 2026-01-14 | 32.93x |
| 2026-01-13 | 32.89x |
| 2026-01-12 | 33.30x |
| 2026-01-09 | 33.13x |
| 2026-01-08 | 32.91x |
| 2026-01-07 | 32.89x |
| 2026-01-06 | 32.73x |
| 2026-01-05 | 32.31x |
| 2026-01-02 | 31.30x |
| 2025-12-31 | 30.74x |
| 2025-12-30 | 31.04x |
| 2025-12-29 | 31.15x |
| 2025-12-26 | 31.60x |
| 2025-12-24 | 31.87x |
| 2025-12-23 | 31.98x |
| 2025-12-22 | 33.16x |
| 2025-12-19 | 32.50x |
| 2025-12-18 | 30.73x |
| 2025-12-17 | 30.65x |
| 2025-12-16 | 30.93x |
| 2025-12-15 | 31.07x |
| 2025-12-12 | 30.88x |
| 2025-12-11 | 31.25x |
| 2025-12-10 | 30.72x |
| 2025-12-09 | 30.47x |
| 2025-12-08 | 31.29x |
| 2025-12-05 | 31.13x |
| 2025-12-04 | 31.45x |
| 2025-12-03 | 30.93x |
| 2025-12-02 | 30.75x |
| 2025-12-01 | 30.96x |
| 2025-11-28 | 31.45x |
| 2025-11-26 | 31.29x |
| 2025-11-25 | 31.33x |
| 2025-11-24 | 30.58x |
| 2025-11-21 | 30.33x |
| 2025-11-20 | 30.31x |
| 2025-11-19 | 30.71x |
| 2025-11-18 | 30.82x |
| 2025-11-17 | 30.90x |
| 2025-11-14 | 31.22x |
| 2025-11-13 | 31.57x |
| 2025-11-12 | 32.27x |
| 2025-11-11 | 32.62x |
| 2025-11-10 | 32.80x |
| 2025-11-07 | 32.00x |
| 2025-11-06 | 31.59x |
| 2025-11-05 | 31.60x |
| 2025-11-04 | 31.35x |
| 2025-11-03 | 31.33x |
| 2025-10-31 | 31.54x |
| 2025-10-30 | 30.82x |
| 2025-10-29 | 30.96x |
| 2025-10-28 | 31.06x |
| 2025-10-27 | 31.41x |
| 2025-10-24 | 31.52x |
| 2025-10-23 | 31.54x |
| 2025-10-22 | 31.04x |
| 2025-10-21 | 31.38x |
| 2025-10-20 | 31.23x |
| 2025-10-17 | 30.54x |
| 2025-10-16 | 30.56x |
| 2025-10-15 | 30.77x |
| 2025-10-14 | 31.40x |
| 2025-10-13 | 31.22x |
| 2025-10-10 | 30.89x |
| 2025-10-09 | 31.80x |
| 2025-10-08 | 32.09x |
| 2025-10-07 | 31.82x |
| 2025-10-06 | 32.40x |
| 2025-10-03 | 32.15x |
| 2025-10-02 | 31.88x |
| 2025-10-01 | 32.11x |
| 2025-09-30 | 32.31x |
| 2025-09-29 | 31.96x |
| 2025-09-26 | 32.05x |
| 2025-09-25 | 31.85x |
| 2025-09-24 | 31.78x |
| 2025-09-23 | 32.12x |
| 2025-09-22 | 32.06x |
| 2025-09-19 | 31.71x |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.
