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 12.25x is 71% above its estimated 5-year average of 7.18x, near the high end of its estimated 5-year range (1.83x–14.36x).
As of 2026-10-06T14:52:29.028Z. 22.27% above its estimated 12-month average of 10.02x.
Calculation as of: 2026-10-06T14:52:29.028Z.
Quote observation: 2026-10-06T14:50:27.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 7fe62bd0b0f051566efa13220282c0cbeea345a9de41b143abe7ff2d7cb3bd47
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 2026-10-05.
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
12.25x
EV/EBITDA RATIO AVG TTM
10.02x
EV/EBITDA RATIO AVG 3Y
6.67x
EV/EBITDA RATIO AVG 5Y
7.18x
EV/EBITDA RATIO AVG 10Y
6.52x
EV/EBITDA RATIO AVG 15Y
6.54x
EV/EBITDA RATIO AVG 20Y
6.55x
CURRENT VS TTM AVG
+22.27%
CURRENT VS 3Y AVG
+83.79%
CURRENT VS 5Y AVG
+70.58%
CURRENT VS 10Y AVG
+87.80%
CURRENT VS 15Y AVG
+87.20%
CURRENT VS 20Y AVG
+87.08%
SECTOR MEDIAN · UTILITIES
12.94x
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
-5.33%
vs the sector median at left
Hallador Energy Company
Market Cap
$676.90M
EV/EBITDA Ratio
12.25x
TTM Avg
10.02x
3Y Avg
6.67x
5Y Avg
7.18x
Market Cap
$491.45M
EV/EBITDA Ratio
16.73x
TTM Avg
17.40x
3Y Avg
13.67x
5Y Avg
14.39x
Market Cap
$403.88M
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$975.72M
EV/EBITDA Ratio
10.33x
TTM Avg
11.25x
3Y Avg
16.04x
5Y Avg
16.04x
Market Cap
$356.23M
EV/EBITDA Ratio
N/A
TTM Avg
18.33x
3Y Avg
13.95x
5Y Avg
12.63x
Market Cap
$348.78M
EV/EBITDA Ratio
10.20x
TTM Avg
11.33x
3Y Avg
13.36x
5Y Avg
15.42x
Market Cap
$1.01B
EV/EBITDA Ratio
15.62x
TTM Avg
16.10x
3Y Avg
18.12x
5Y Avg
22.21x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Hallador Energy Company (HNRG) | $676.90M | 12.25x | 10.02x | 6.67x | 7.18x |
| Consolidated Water Co. Ltd. (CWCO)vs › | $491.45M | 16.73x | 17.40x | 13.67x | 14.39x |
| Terra Innovatum Global N.V. Ordinary shares (NKLR)vs › | $403.88M | N/A | N/A | N/A | N/A |
| XPLR Infrastructure, LP (XIFR)vs › | $975.72M | 10.33x | 11.25x | 16.04x | 16.04x |
| Digi Power X Inc. (DGXX)vs › | $356.23M | N/A | 18.33x | 13.95x | 12.63x |
| Artesian Resources Corporation (ARTNA)vs › | $348.78M | 10.20x | 11.33x | 13.36x | 15.42x |
| Middlesex Water Company (MSEX)vs › | $1.01B | 15.62x | 16.10x | 18.12x | 22.21x |
| Terrestrial Energy Inc. (IMSR)vs › | $323.02M | N/A | N/A | N/A | N/A |
| Cadiz Inc. (CDZI)vs › | $295.08M | N/A | 338.77x | 338.77x | 338.77x |
| Cadiz Inc. (CDZIP)vs › | $252.54M | N/A | N/A | N/A | N/A |
At 12.3, EV/EBITDA is above its estimated 20-year median — higher than 86% 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
1.8
median
6.2
estimated 20-year high
1079.7
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 |
|---|---|
| 2026-10-05 | 11.90x |
| 2026-10-02 | 11.52x |
| 2026-10-01 | 11.55x |
| 2026-09-30 | 11.84x |
| 2026-09-29 | 12.02x |
| 2026-09-28 | 12.27x |
| 2026-09-25 | 12.54x |
| 2026-09-24 | 12.39x |
| 2026-09-23 | 12.37x |
| 2026-09-22 | 12.83x |
| 2026-09-21 | 12.78x |
| 2026-09-18 | 12.88x |
| 2026-09-17 | 12.92x |
| 2026-09-16 | 12.52x |
| 2026-09-15 | 12.22x |
| 2026-09-14 | 12.34x |
| 2026-09-11 | 13.06x |
| 2026-09-10 | 13.27x |
| 2026-09-09 | 14.04x |
| 2026-09-08 | 14.36x |
| 2026-09-04 | 14.11x |
| 2026-09-03 | 13.70x |
| 2026-09-02 | 13.90x |
| 2026-09-01 | 13.91x |
| 2026-08-31 | 14.09x |
| 2026-08-28 | 13.81x |
| 2026-08-27 | 14.13x |
| 2026-08-26 | 13.81x |
| 2026-08-25 | 13.91x |
| 2026-08-24 | 13.57x |
| 2026-08-21 | 13.09x |
| 2026-08-20 | 13.22x |
| 2026-08-19 | 13.92x |
| 2026-08-18 | 13.43x |
| 2026-08-17 | 13.77x |
| 2026-08-14 | 13.74x |
| 2026-08-13 | 13.18x |
| 2026-08-12 | 13.42x |
| 2026-08-11 | 13.31x |
| 2026-08-10 | 9.12x |
| 2026-08-07 | 8.45x |
| 2026-08-06 | 8.48x |
| 2026-08-05 | 8.45x |
| 2026-08-04 | 8.67x |
| 2026-08-03 | 8.56x |
| 2026-07-31 | 8.12x |
| 2026-07-30 | 8.36x |
| 2026-07-29 | 7.80x |
| 2026-07-28 | 8.36x |
| 2026-07-27 | 8.72x |
| 2026-07-24 | 8.74x |
| 2026-07-23 | 9.23x |
| 2026-07-22 | 9.37x |
| 2026-07-21 | 9.57x |
| 2026-07-20 | 9.06x |
| 2026-07-17 | 9.18x |
| 2026-07-16 | 9.23x |
| 2026-07-15 | 9.44x |
| 2026-07-14 | 9.95x |
| 2026-07-13 | 9.61x |
| 2026-07-10 | 9.40x |
| 2026-07-09 | 9.52x |
| 2026-07-08 | 9.25x |
| 2026-07-07 | 8.91x |
| 2026-07-06 | 9.49x |
| 2026-07-02 | 9.35x |
| 2026-07-01 | 9.67x |
| 2026-06-30 | 10.04x |
| 2026-06-29 | 9.76x |
| 2026-06-26 | 10.12x |
| 2026-06-25 | 10.50x |
| 2026-06-24 | 10.22x |
| 2026-06-23 | 10.24x |
| 2026-06-22 | 10.97x |
| 2026-06-18 | 11.28x |
| 2026-06-17 | 10.21x |
| 2026-06-16 | 9.98x |
| 2026-06-15 | 9.47x |
| 2026-06-12 | 9.46x |
| 2026-06-11 | 9.28x |
| 2026-06-10 | 9.08x |
| 2026-06-09 | 9.31x |
| 2026-06-08 | 9.75x |
| 2026-06-05 | 9.60x |
| 2026-06-04 | 10.98x |
| 2026-06-03 | 10.49x |
| 2026-06-02 | 10.94x |
| 2026-06-01 | 11.02x |
| 2026-05-29 | 11.17x |
| 2026-05-28 | 11.48x |
| 2026-05-27 | 11.39x |
| 2026-05-26 | 11.02x |
| 2026-05-22 | 10.38x |
| 2026-05-21 | 10.27x |
| 2026-05-20 | 10.17x |
| 2026-05-19 | 10.41x |
| 2026-05-18 | 10.59x |
| 2026-05-15 | 10.50x |
| 2026-05-14 | 11.25x |
| 2026-05-13 | 11.27x |
| 2026-05-12 | 11.47x |
| 2026-05-11 | 11.20x |
| 2026-05-08 | 10.90x |
| 2026-05-07 | 10.93x |
| 2026-05-06 | 8.16x |
| 2026-05-05 | 7.78x |
| 2026-05-04 | 6.89x |
| 2026-05-01 | 6.92x |
| 2026-04-30 | 6.88x |
| 2026-04-29 | 6.72x |
| 2026-04-28 | 6.85x |
| 2026-04-27 | 7.24x |
| 2026-04-24 | 7.07x |
| 2026-04-23 | 7.05x |
| 2026-04-22 | 7.10x |
| 2026-04-21 | 7.01x |
| 2026-04-20 | 6.74x |
| 2026-04-17 | 6.97x |
| 2026-04-16 | 7.32x |
| 2026-04-15 | 7.00x |
| 2026-04-14 | 6.69x |
| 2026-04-13 | 6.72x |
| 2026-04-10 | 6.74x |
| 2026-04-09 | 6.77x |
| 2026-04-08 | 6.96x |
| 2026-04-07 | 6.93x |
| 2026-04-06 | 7.11x |
| 2026-04-02 | 7.01x |
| 2026-04-01 | 7.02x |
| 2026-03-31 | 7.20x |
| 2026-03-30 | 7.42x |
| 2026-03-27 | 7.74x |
| 2026-03-26 | 8.09x |
| 2026-03-25 | 7.77x |
| 2026-03-24 | 7.35x |
| 2026-03-23 | 6.96x |
| 2026-03-20 | 6.96x |
| 2026-03-19 | 7.42x |
| 2026-03-18 | 7.26x |
| 2026-03-17 | 7.40x |
| 2026-03-16 | 7.07x |
| 2026-03-13 | 7.55x |
| 2025-03-17 | 12.00x |
| 2025-03-14 | 11.67x |
| 2025-03-13 | 10.70x |
| 2025-03-12 | 10.52x |
| 2025-03-11 | 10.29x |
| 2025-03-10 | 9.41x |
| 2025-03-07 | 9.57x |
| 2025-03-06 | 9.72x |
| 2025-03-05 | 9.79x |
| 2025-03-04 | 10.14x |
| 2025-03-03 | 9.95x |
| 2025-02-28 | 10.36x |
| 2025-02-27 | 10.30x |
| 2025-02-26 | 10.53x |
| 2025-02-25 | 10.37x |
| 2025-02-24 | 11.31x |
| 2025-02-21 | 11.56x |
| 2025-02-20 | 12.70x |
| 2025-02-19 | 11.85x |
| 2025-02-18 | 11.57x |
| 2025-02-14 | 11.49x |
| 2025-02-13 | 11.93x |
| 2025-02-12 | 11.71x |
| 2025-02-11 | 11.77x |
| 2025-02-10 | 11.85x |
| 2025-02-07 | 11.35x |
| 2025-02-06 | 11.34x |
| 2025-02-05 | 11.53x |
| 2025-02-04 | 11.28x |
| 2025-02-03 | 11.25x |
| 2025-01-31 | 11.32x |
| 2025-01-30 | 11.61x |
| 2025-01-29 | 11.17x |
| 2025-01-28 | 10.62x |
| 2025-01-27 | 10.21x |
| 2025-01-24 | 13.53x |
| 2025-01-23 | 13.72x |
| 2025-01-22 | 13.35x |
| 2025-01-21 | 13.18x |
| 2025-01-17 | 13.08x |
| 2025-01-16 | 13.11x |
| 2025-01-15 | 12.95x |
| 2025-01-14 | 12.86x |
| 2025-01-13 | 12.31x |
| 2025-01-10 | 12.33x |
| 2025-01-08 | 12.58x |
| 2025-01-07 | 12.72x |
| 2025-01-06 | 11.97x |
| 2025-01-03 | 12.23x |
| 2025-01-02 | 12.19x |
| 2024-12-31 | 11.97x |
| 2024-12-30 | 11.80x |
| 2024-12-27 | 11.69x |
| 2024-12-26 | 11.72x |
| 2024-12-24 | 11.71x |
| 2024-12-23 | 11.54x |
| 2024-12-20 | 11.50x |
| 2024-12-19 | 11.78x |
| 2024-12-18 | 11.67x |
| 2024-12-17 | 12.25x |
| 2024-12-16 | 12.33x |
| 2024-12-13 | 12.82x |
| 2024-12-12 | 12.83x |
| 2024-12-11 | 13.03x |
| 2024-12-10 | 13.81x |
| 2024-12-09 | 13.39x |
| 2024-12-06 | 13.32x |
| 2024-12-05 | 12.90x |
| 2024-12-04 | 13.01x |
| 2024-12-03 | 12.57x |
| 2024-12-02 | 12.52x |
| 2024-11-29 | 12.65x |
| 2024-11-27 | 12.69x |
| 2024-11-26 | 12.70x |
| 2024-11-25 | 13.13x |
| 2024-11-22 | 13.67x |
| 2024-11-21 | 13.29x |
| 2024-11-20 | 13.32x |
| 2024-11-19 | 13.27x |
| 2024-11-18 | 13.14x |
| 2024-11-15 | 13.23x |
| 2024-11-14 | 13.71x |
| 2024-11-13 | 13.48x |
| 2024-11-12 | 6.49x |
| 2024-11-11 | 6.80x |
| 2024-11-08 | 6.49x |
| 2024-11-07 | 6.59x |
| 2024-11-06 | 6.40x |
| 2024-11-05 | 5.70x |
| 2024-11-04 | 5.64x |
| 2024-11-01 | 6.08x |
| 2024-10-31 | 6.21x |
| 2024-10-30 | 6.33x |
| 2024-10-29 | 6.48x |
| 2024-10-28 | 6.48x |
| 2024-10-25 | 6.40x |
| 2024-10-24 | 6.02x |
| 2024-10-23 | 5.96x |
| 2024-10-22 | 6.09x |
| 2024-10-21 | 6.21x |
| 2024-10-18 | 6.40x |
| 2024-10-17 | 6.26x |
| 2024-10-16 | 6.51x |
| 2024-10-15 | 6.30x |
| 2024-10-14 | 6.27x |
| 2024-10-11 | 6.46x |
| 2024-10-10 | 6.18x |
| 2024-10-09 | 6.18x |
| 2024-10-08 | 6.21x |
| 2024-10-07 | 6.24x |
| 2024-10-04 | 6.57x |
| 2024-10-03 | 6.11x |
| 2024-10-02 | 6.01x |
| 2024-10-01 | 6.08x |
| 2024-09-30 | 5.93x |
| 2024-09-27 | 6.08x |
| 2024-09-26 | 5.59x |
| 2024-09-25 | 5.62x |
Showing the most recent 260 of 4,500 data points. The chart above shows the full history.
