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 14.73x is 16% below its estimated 5-year average of 17.49x, near the low end of its estimated 5-year range (11.06x–27.34x).
As of 2026-09-19T00:15:42.538Z. 19.36% below its estimated 12-month average of 18.27x.
Calculation as of: 2026-09-19T00:15:42.538Z.
Quote observation: 2026-09-18T20:00:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: f967b25580ac165dbcc2c367f0986b95ed89acb8b63996a8ffabe76942f7d54d
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
14.73x
EV/EBITDA RATIO AVG TTM
18.27x
EV/EBITDA RATIO AVG 3Y
15.21x
EV/EBITDA RATIO AVG 5Y
17.49x
EV/EBITDA RATIO AVG 10Y
17.11x
EV/EBITDA RATIO AVG 15Y
16.35x
EV/EBITDA RATIO AVG 20Y
15.35x
CURRENT VS TTM AVG
-19.36%
CURRENT VS 3Y AVG
-3.17%
CURRENT VS 5Y AVG
-15.80%
CURRENT VS 10Y AVG
-13.91%
CURRENT VS 15Y AVG
-9.93%
CURRENT VS 20Y AVG
-4.05%
SECTOR MEDIAN · CONSUMER DEFENSIVE
12.01x
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+22.65%
vs the sector median at left
The Hershey Company
Market Cap
$34.44B
EV/EBITDA Ratio
14.73x
TTM Avg
18.27x
3Y Avg
15.21x
5Y Avg
17.49x
Market Cap
$33.79B
EV/EBITDA Ratio
25.15x
TTM Avg
40.86x
3Y Avg
50.58x
5Y Avg
42.06x
Market Cap
$32.48B
EV/EBITDA Ratio
14.41x
TTM Avg
13.21x
3Y Avg
14.35x
5Y Avg
14.92x
Market Cap
$37.80B
EV/EBITDA Ratio
12.18x
TTM Avg
12.56x
3Y Avg
12.12x
5Y Avg
13.99x
Market Cap
$28.97B
EV/EBITDA Ratio
N/A
TTM Avg
16.75x
3Y Avg
14.97x
5Y Avg
19.61x
Market Cap
$41.05B
EV/EBITDA Ratio
10.04x
TTM Avg
14.76x
3Y Avg
11.67x
5Y Avg
11.84x
Market Cap
$27.00B
EV/EBITDA Ratio
11.64x
TTM Avg
13.69x
3Y Avg
13.28x
5Y Avg
14.68x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Hershey Company (HSY) | $34.44B | 14.73x | 18.27x | 15.21x | 17.49x |
| Kenvue Inc. (KVUE)vs › | $34.20B | 11.63x | 12.93x | 16.13x | 15.99x |
| The Estée Lauder Companies Inc. (EL)vs › | $33.79B | 25.15x | 40.86x | 50.58x | 42.06x |
| Kimberly-Clark Corporation (KMB)vs › | $32.48B | 14.41x | 13.21x | 14.35x | 14.92x |
| The Kroger Co. (KR)vs › | $36.76B | N/A | 10.31x | 8.87x | 8.46x |
| Sysco Corporation (SYY)vs › | $37.80B | 12.18x | 12.56x | 12.12x | 13.99x |
| The Kraft Heinz Company (KHC)vs › | $28.97B | N/A | 16.75x | 14.97x | 19.61x |
| Archer-Daniels-Midland Company (ADM)vs › | $41.05B | 10.04x | 14.76x | 11.67x | 11.84x |
| Dollar General Corporation (DG)vs › | $27.00B | 11.64x | 13.69x | 13.28x | 14.68x |
| Keurig Dr Pepper Inc. (KDP)vs › | $42.12B | 17.44x | 13.90x | 14.95x | 16.37x |
At 14.7, EV/EBITDA is near its estimated 20-year median — higher than 47% 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
10.7
median
15.0
estimated 20-year high
27.3
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 | 15.10x |
| 2026-09-10 | 15.17x |
| 2026-09-09 | 15.01x |
| 2026-09-08 | 15.09x |
| 2026-09-04 | 15.08x |
| 2026-09-03 | 15.23x |
| 2026-09-02 | 15.41x |
| 2026-09-01 | 15.30x |
| 2026-08-31 | 15.32x |
| 2026-08-28 | 15.54x |
| 2026-08-27 | 15.71x |
| 2026-08-26 | 16.02x |
| 2026-08-25 | 16.16x |
| 2026-08-24 | 16.37x |
| 2026-08-21 | 16.10x |
| 2026-08-20 | 16.25x |
| 2026-08-19 | 16.28x |
| 2026-08-18 | 15.87x |
| 2026-08-17 | 15.69x |
| 2026-08-14 | 15.93x |
| 2026-08-13 | 16.08x |
| 2026-08-12 | 15.93x |
| 2026-08-11 | 15.76x |
| 2026-08-10 | 15.82x |
| 2026-08-07 | 15.79x |
| 2026-08-06 | 15.84x |
| 2026-08-05 | 15.58x |
| 2026-08-04 | 15.53x |
| 2026-08-03 | 15.43x |
| 2026-07-31 | 15.23x |
| 2026-07-30 | 18.45x |
| 2026-07-29 | 19.06x |
| 2026-07-28 | 19.02x |
| 2026-07-27 | 18.72x |
| 2026-07-24 | 18.17x |
| 2026-07-23 | 17.97x |
| 2026-07-22 | 17.99x |
| 2026-07-21 | 17.84x |
| 2026-07-20 | 17.93x |
| 2026-07-17 | 17.91x |
| 2026-07-16 | 18.21x |
| 2026-07-15 | 17.80x |
| 2026-07-14 | 17.91x |
| 2026-07-13 | 18.26x |
| 2026-07-10 | 18.12x |
| 2026-07-09 | 17.93x |
| 2026-07-08 | 18.19x |
| 2026-07-07 | 18.33x |
| 2026-07-06 | 18.47x |
| 2026-07-02 | 18.90x |
| 2026-07-01 | 18.58x |
| 2026-06-30 | 18.28x |
| 2026-06-29 | 18.85x |
| 2026-06-26 | 18.62x |
| 2026-06-25 | 18.40x |
| 2026-06-24 | 18.98x |
| 2026-06-23 | 18.64x |
| 2026-06-22 | 17.86x |
| 2026-06-18 | 18.02x |
| 2026-06-17 | 18.27x |
| 2026-06-16 | 18.94x |
| 2026-06-15 | 18.81x |
| 2026-06-12 | 18.86x |
| 2026-06-11 | 18.78x |
| 2026-06-10 | 18.39x |
| 2026-06-09 | 18.32x |
| 2026-06-08 | 18.32x |
| 2026-06-05 | 19.13x |
| 2026-06-04 | 18.95x |
| 2026-06-03 | 19.00x |
| 2026-06-02 | 19.08x |
| 2026-06-01 | 19.30x |
| 2026-05-29 | 20.00x |
| 2026-05-28 | 20.28x |
| 2026-05-27 | 20.35x |
| 2026-05-26 | 19.73x |
| 2026-05-22 | 20.07x |
| 2026-05-21 | 19.67x |
| 2026-05-20 | 19.71x |
| 2026-05-19 | 19.89x |
| 2026-05-18 | 19.79x |
| 2026-05-15 | 19.35x |
| 2026-05-14 | 19.66x |
| 2026-05-13 | 20.15x |
| 2026-05-12 | 19.81x |
| 2026-05-11 | 19.56x |
| 2026-05-08 | 19.25x |
| 2026-05-07 | 19.36x |
| 2026-05-06 | 19.30x |
| 2026-05-05 | 19.16x |
| 2026-05-04 | 18.89x |
| 2026-05-01 | 18.92x |
| 2026-04-30 | 21.99x |
| 2026-04-29 | 22.35x |
| 2026-04-28 | 22.22x |
| 2026-04-27 | 22.07x |
| 2026-04-24 | 22.60x |
| 2026-04-23 | 22.66x |
| 2026-04-22 | 22.30x |
| 2026-04-21 | 22.30x |
| 2026-04-20 | 22.59x |
| 2026-04-17 | 22.72x |
| 2026-04-16 | 22.58x |
| 2026-04-15 | 22.64x |
| 2026-04-14 | 23.25x |
| 2026-04-13 | 23.24x |
| 2026-04-10 | 23.74x |
| 2026-04-09 | 24.64x |
| 2026-04-08 | 24.45x |
| 2026-04-07 | 24.24x |
| 2026-04-06 | 24.34x |
| 2026-04-02 | 24.15x |
| 2026-04-01 | 23.80x |
| 2026-03-31 | 24.33x |
| 2026-03-30 | 24.93x |
| 2026-03-27 | 24.95x |
| 2026-03-26 | 24.60x |
| 2026-03-25 | 25.30x |
| 2026-03-24 | 25.11x |
| 2026-03-23 | 25.10x |
| 2026-03-20 | 24.57x |
| 2026-03-19 | 24.62x |
| 2026-03-18 | 24.84x |
| 2026-03-17 | 25.37x |
| 2026-03-16 | 25.63x |
| 2026-03-13 | 25.31x |
| 2026-03-12 | 25.15x |
| 2026-03-11 | 25.39x |
| 2026-03-10 | 25.51x |
| 2026-03-09 | 25.91x |
| 2026-03-06 | 26.14x |
| 2026-03-05 | 26.31x |
| 2026-03-04 | 26.89x |
| 2026-03-03 | 27.11x |
| 2026-03-02 | 27.27x |
| 2026-02-27 | 27.34x |
| 2026-02-26 | 26.83x |
| 2026-02-25 | 26.63x |
| 2026-02-24 | 26.69x |
| 2026-02-23 | 26.26x |
| 2026-02-20 | 25.80x |
| 2026-02-19 | 25.60x |
| 2026-02-18 | 25.83x |
| 2026-02-17 | 20.46x |
| 2026-02-13 | 20.73x |
| 2026-02-12 | 21.04x |
| 2026-02-11 | 21.43x |
| 2026-02-10 | 21.27x |
| 2026-02-09 | 21.40x |
| 2026-02-06 | 21.48x |
| 2026-02-05 | 20.88x |
| 2026-02-04 | 19.31x |
| 2026-02-03 | 18.94x |
| 2026-02-02 | 18.65x |
| 2026-01-30 | 18.37x |
| 2026-01-29 | 18.02x |
| 2026-01-28 | 18.14x |
| 2026-01-27 | 18.11x |
| 2026-01-26 | 17.97x |
| 2026-01-23 | 18.07x |
| 2026-01-22 | 18.03x |
| 2026-01-21 | 18.48x |
| 2026-01-20 | 18.72x |
| 2026-01-16 | 18.63x |
| 2026-01-15 | 18.91x |
| 2026-01-14 | 18.74x |
| 2026-01-13 | 18.42x |
| 2026-01-12 | 18.24x |
| 2026-01-09 | 17.89x |
| 2026-01-08 | 17.53x |
| 2026-01-07 | 17.13x |
| 2026-01-06 | 17.06x |
| 2026-01-05 | 17.12x |
| 2026-01-02 | 17.33x |
| 2025-12-31 | 17.29x |
| 2025-12-30 | 17.31x |
| 2025-12-29 | 17.19x |
| 2025-12-26 | 17.48x |
| 2025-12-24 | 17.53x |
| 2025-12-23 | 17.35x |
| 2025-12-22 | 17.66x |
| 2025-12-19 | 17.91x |
| 2025-12-18 | 17.82x |
| 2025-12-17 | 17.88x |
| 2025-12-16 | 17.81x |
| 2025-12-15 | 17.81x |
| 2025-12-12 | 17.28x |
| 2025-12-11 | 17.26x |
| 2025-12-10 | 17.13x |
| 2025-12-09 | 17.02x |
| 2025-12-08 | 17.19x |
| 2025-12-05 | 17.32x |
| 2025-12-04 | 17.33x |
| 2025-12-03 | 17.18x |
| 2025-12-02 | 17.36x |
| 2025-12-01 | 17.55x |
| 2025-11-28 | 17.81x |
| 2025-11-26 | 17.82x |
| 2025-11-25 | 17.70x |
| 2025-11-24 | 17.62x |
| 2025-11-21 | 17.63x |
| 2025-11-20 | 17.35x |
| 2025-11-19 | 17.33x |
| 2025-11-18 | 17.37x |
| 2025-11-17 | 17.04x |
| 2025-11-14 | 17.06x |
| 2025-11-13 | 16.97x |
| 2025-11-12 | 16.98x |
| 2025-11-11 | 16.51x |
| 2025-11-10 | 16.19x |
| 2025-11-07 | 16.33x |
| 2025-11-06 | 16.08x |
| 2025-11-05 | 16.27x |
| 2025-11-04 | 15.94x |
| 2025-11-03 | 15.63x |
| 2025-10-31 | 16.25x |
| 2025-10-30 | 15.36x |
| 2025-10-29 | 15.69x |
| 2025-10-28 | 16.08x |
| 2025-10-27 | 16.17x |
| 2025-10-24 | 16.01x |
| 2025-10-23 | 16.18x |
| 2025-10-22 | 16.38x |
| 2025-10-21 | 16.54x |
| 2025-10-20 | 16.54x |
| 2025-10-17 | 16.66x |
| 2025-10-16 | 16.59x |
| 2025-10-15 | 16.96x |
| 2025-10-14 | 16.79x |
| 2025-10-13 | 16.78x |
| 2025-10-10 | 17.01x |
| 2025-10-09 | 17.04x |
| 2025-10-08 | 17.27x |
| 2025-10-07 | 17.18x |
| 2025-10-06 | 17.24x |
| 2025-10-03 | 17.24x |
| 2025-10-02 | 16.76x |
| 2025-10-01 | 16.75x |
| 2025-09-30 | 16.61x |
| 2025-09-29 | 16.38x |
| 2025-09-26 | 16.69x |
| 2025-09-25 | 16.47x |
| 2025-09-24 | 16.91x |
| 2025-09-23 | 16.90x |
| 2025-09-22 | 17.02x |
| 2025-09-19 | 16.85x |
| 2025-09-18 | 16.77x |
| 2025-09-17 | 16.92x |
| 2025-09-16 | 17.11x |
| 2025-09-15 | 16.49x |
| 2025-09-12 | 16.45x |
| 2025-09-11 | 16.49x |
| 2025-09-10 | 16.49x |
| 2025-09-09 | 16.66x |
| 2025-09-08 | 16.65x |
| 2025-09-05 | 16.49x |
| 2025-09-04 | 16.47x |
| 2025-09-03 | 16.42x |
| 2025-09-02 | 16.51x |
| 2025-08-29 | 16.35x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
