Basis: Current FMP quote-based enterprise value / four-quarter operating income. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the EV/EBIT ratio high or low?
The EV/EBIT ratio of 19.80x is in line with its estimated 5-year average of 20.32x, around the middle of its estimated 5-year range (16.82x–23.76x).
As of 2026-09-16T18:01:04.682Z. 1.37% below its estimated 12-month average of 20.07x.
Calculation as of: 2026-09-16T18:01:04.682Z.
Quote observation: 2026-09-16T18:00:33.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 465c2be73d821ae59dec1e9cbff06ff78a655438daaca86fc9cd0580a2ffed91
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/EBIT RATIO
19.80x
EV/EBIT RATIO AVG TTM
20.07x
EV/EBIT RATIO AVG 3Y
20.00x
EV/EBIT RATIO AVG 5Y
20.32x
EV/EBIT RATIO AVG 10Y
19.33x
EV/EBIT RATIO AVG 15Y
17.22x
EV/EBIT RATIO AVG 20Y
16.00x
CURRENT VS TTM AVG
-1.37%
CURRENT VS 3Y AVG
-1.01%
CURRENT VS 5Y AVG
-2.55%
CURRENT VS 10Y AVG
+2.46%
CURRENT VS 15Y AVG
+14.98%
CURRENT VS 20Y AVG
+23.72%
SECTOR MEDIAN · INDUSTRIALS
23.09x
median of 130 covered companies
CURRENT VS SECTOR MEDIAN
-14.27%
vs the sector median at left
Illinois Tool Works Inc.
Market Cap
$77.56B
EV/EBIT Ratio
19.80x
TTM Avg
20.07x
3Y Avg
20.00x
5Y Avg
20.32x
Market Cap
$77.94B
EV/EBIT Ratio
23.37x
TTM Avg
22.87x
3Y Avg
24.60x
5Y Avg
27.43x
Market Cap
$79.50B
EV/EBIT Ratio
227.70x
TTM Avg
305.79x
3Y Avg
229.04x
5Y Avg
229.04x
Market Cap
$75.29B
EV/EBIT Ratio
20.44x
TTM Avg
23.16x
3Y Avg
25.90x
5Y Avg
23.83x
Market Cap
$80.24B
EV/EBIT Ratio
31.71x
TTM Avg
31.95x
3Y Avg
35.60x
5Y Avg
33.38x
Market Cap
$72.99B
EV/EBIT Ratio
18.54x
TTM Avg
17.53x
3Y Avg
17.85x
5Y Avg
18.58x
Market Cap
$82.63B
EV/EBIT Ratio
25.15x
TTM Avg
25.65x
3Y Avg
25.14x
5Y Avg
23.69x
| NAME | MARKET CAP | EV/EBIT RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Illinois Tool Works Inc. (ITW) | $77.56B | 19.80x | 20.07x | 20.00x | 20.32x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $77.94B | 23.37x | 22.87x | 24.60x | 27.43x |
| Bloom Energy Corporation (BE)vs › | $79.50B | 227.70x | 305.79x | 229.04x | 229.04x |
| Northrop Grumman Corporation (NOC)vs › | $75.29B | 20.44x | 23.16x | 25.90x | 23.83x |
| Cintas Corporation (CTAS)vs › | $80.24B | 31.71x | 31.95x | 35.60x | 33.38x |
| Cummins Inc. (CMI)vs › | $73.55B | 20.36x | 21.27x | 20.65x | 17.51x |
| Canadian National Railway Company (CNI)vs › | $72.99B | 18.54x | 17.53x | 17.85x | 18.58x |
| Emerson Electric Co. (EMR)vs › | $82.63B | 25.15x | 25.65x | 25.14x | 23.69x |
| FedEx Corporation (FDX)vs › | $71.87B | 15.91x | 15.81x | 14.48x | 13.91x |
| Norfolk Southern Corporation (NSC)vs › | $71.79B | 22.02x | 20.72x | 21.27x | 19.32x |
EV/EBIT = Enterprise Value / EBIT (TTM)
Enterprise value to EBIT compares total company value to operating earnings, accounting for depreciation unlike EV/EBITDA.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | EV/EBIT RATIO |
|---|---|
| 2026-09-11 | 19.66x |
| 2026-09-10 | 19.47x |
| 2026-09-09 | 19.39x |
| 2026-09-08 | 19.70x |
| 2026-09-04 | 19.79x |
| 2026-09-03 | 19.89x |
| 2026-09-02 | 19.73x |
| 2026-09-01 | 19.78x |
| 2026-08-31 | 20.14x |
| 2026-08-28 | 20.45x |
| 2026-08-27 | 20.55x |
| 2026-08-26 | 20.81x |
| 2026-08-25 | 20.55x |
| 2026-08-24 | 20.70x |
| 2026-08-21 | 20.59x |
| 2026-08-20 | 20.62x |
| 2026-08-19 | 20.72x |
| 2026-08-18 | 20.75x |
| 2026-08-17 | 20.92x |
| 2026-08-14 | 21.15x |
| 2026-08-13 | 21.17x |
| 2026-08-12 | 21.27x |
| 2026-08-11 | 21.31x |
| 2026-08-10 | 21.40x |
| 2026-08-07 | 21.54x |
| 2026-08-06 | 21.82x |
| 2026-08-05 | 22.00x |
| 2026-08-04 | 21.85x |
| 2026-08-03 | 21.41x |
| 2026-07-31 | 21.30x |
| 2026-07-30 | 21.08x |
| 2026-07-29 | 21.67x |
| 2026-07-28 | 21.86x |
| 2026-07-27 | 21.16x |
| 2026-07-24 | 21.04x |
| 2026-07-23 | 20.62x |
| 2026-07-22 | 20.42x |
| 2026-07-21 | 20.29x |
| 2026-07-20 | 20.27x |
| 2026-07-17 | 20.57x |
| 2026-07-16 | 21.03x |
| 2026-07-15 | 20.25x |
| 2026-07-14 | 20.31x |
| 2026-07-13 | 20.26x |
| 2026-07-10 | 20.08x |
| 2026-07-09 | 19.85x |
| 2026-07-08 | 19.83x |
| 2026-07-07 | 20.23x |
| 2026-07-06 | 20.45x |
| 2026-07-02 | 20.34x |
| 2026-07-01 | 20.09x |
| 2026-06-30 | 20.19x |
| 2026-06-29 | 19.99x |
| 2026-06-26 | 20.00x |
| 2026-06-25 | 20.20x |
| 2026-06-24 | 19.73x |
| 2026-06-23 | 19.59x |
| 2026-06-22 | 19.84x |
| 2026-06-18 | 19.76x |
| 2026-06-17 | 19.63x |
| 2026-06-16 | 19.87x |
| 2026-06-15 | 19.65x |
| 2026-06-12 | 19.31x |
| 2026-06-11 | 19.11x |
| 2026-06-10 | 18.82x |
| 2026-06-09 | 19.25x |
| 2026-06-08 | 18.97x |
| 2026-06-05 | 18.99x |
| 2026-06-04 | 18.88x |
| 2026-06-03 | 18.83x |
| 2026-06-02 | 18.71x |
| 2026-06-01 | 18.53x |
| 2026-05-29 | 18.63x |
| 2026-05-28 | 18.78x |
| 2026-05-27 | 18.83x |
| 2026-05-26 | 18.84x |
| 2026-05-22 | 18.96x |
| 2026-05-21 | 18.80x |
| 2026-05-20 | 18.86x |
| 2026-05-19 | 18.63x |
| 2026-05-18 | 18.77x |
| 2026-05-15 | 18.65x |
| 2026-05-14 | 18.86x |
| 2026-05-13 | 18.82x |
| 2026-05-12 | 18.90x |
| 2026-05-11 | 18.95x |
| 2026-05-08 | 19.13x |
| 2026-05-07 | 19.51x |
| 2026-05-06 | 19.86x |
| 2026-05-05 | 19.45x |
| 2026-05-04 | 19.25x |
| 2026-05-01 | 19.51x |
| 2026-04-30 | 19.69x |
| 2026-04-29 | 20.21x |
| 2026-04-28 | 20.41x |
| 2026-04-27 | 20.49x |
| 2026-04-24 | 20.46x |
| 2026-04-23 | 20.73x |
| 2026-04-22 | 20.31x |
| 2026-04-21 | 20.58x |
| 2026-04-20 | 20.69x |
| 2026-04-17 | 20.67x |
| 2026-04-16 | 20.21x |
| 2026-04-15 | 20.12x |
| 2026-04-14 | 20.67x |
| 2026-04-13 | 20.82x |
| 2026-04-10 | 20.55x |
| 2026-04-09 | 20.73x |
| 2026-04-08 | 20.48x |
| 2026-04-07 | 19.76x |
| 2026-04-06 | 19.72x |
| 2026-04-02 | 19.70x |
| 2026-04-01 | 19.86x |
| 2026-03-31 | 19.84x |
| 2026-03-30 | 19.56x |
| 2026-03-27 | 19.76x |
| 2026-03-26 | 19.92x |
| 2026-03-25 | 20.27x |
| 2026-03-24 | 20.17x |
| 2026-03-23 | 20.01x |
| 2026-03-20 | 19.66x |
| 2026-03-19 | 19.86x |
| 2026-03-18 | 19.87x |
| 2026-03-17 | 20.35x |
| 2026-03-16 | 20.42x |
| 2026-03-13 | 20.30x |
| 2026-03-12 | 20.21x |
| 2026-03-11 | 20.62x |
| 2026-03-10 | 20.74x |
| 2026-03-09 | 20.96x |
| 2026-03-06 | 21.00x |
| 2026-03-05 | 21.37x |
| 2026-03-04 | 21.69x |
| 2026-03-03 | 21.61x |
| 2026-03-02 | 21.97x |
| 2026-02-27 | 21.93x |
| 2026-02-26 | 21.91x |
| 2026-02-25 | 21.87x |
| 2026-02-24 | 22.20x |
| 2026-02-23 | 22.11x |
| 2026-02-20 | 22.23x |
| 2026-02-19 | 22.15x |
| 2026-02-18 | 22.31x |
| 2026-02-17 | 22.40x |
| 2026-02-13 | 22.92x |
| 2026-02-12 | 22.85x |
| 2026-02-11 | 22.82x |
| 2026-02-10 | 22.55x |
| 2026-02-09 | 22.29x |
| 2026-02-06 | 22.50x |
| 2026-02-05 | 22.13x |
| 2026-02-04 | 22.17x |
| 2026-02-03 | 21.47x |
| 2026-02-02 | 20.44x |
| 2026-01-30 | 20.24x |
| 2026-01-29 | 20.35x |
| 2026-01-28 | 20.03x |
| 2026-01-27 | 20.06x |
| 2026-01-26 | 20.09x |
| 2026-01-23 | 20.03x |
| 2026-01-22 | 20.13x |
| 2026-01-21 | 20.14x |
| 2026-01-20 | 19.76x |
| 2026-01-16 | 20.39x |
| 2026-01-15 | 20.28x |
| 2026-01-14 | 20.07x |
| 2026-01-13 | 19.92x |
| 2026-01-12 | 19.77x |
| 2026-01-09 | 19.81x |
| 2026-01-08 | 19.71x |
| 2026-01-07 | 19.24x |
| 2026-01-06 | 19.74x |
| 2026-01-05 | 19.42x |
| 2026-01-02 | 19.41x |
| 2025-12-31 | 19.19x |
| 2025-12-30 | 19.51x |
| 2025-12-29 | 19.60x |
| 2025-12-26 | 19.62x |
| 2025-12-24 | 19.58x |
| 2025-12-23 | 19.58x |
| 2025-12-22 | 19.56x |
| 2025-12-19 | 19.46x |
| 2025-12-18 | 19.53x |
| 2025-12-17 | 19.62x |
| 2025-12-16 | 19.49x |
| 2025-12-15 | 20.06x |
| 2025-12-12 | 20.01x |
| 2025-12-11 | 19.97x |
| 2025-12-10 | 19.70x |
| 2025-12-09 | 19.21x |
| 2025-12-08 | 19.32x |
| 2025-12-05 | 19.43x |
| 2025-12-04 | 19.40x |
| 2025-12-03 | 19.45x |
| 2025-12-02 | 19.33x |
| 2025-12-01 | 19.27x |
| 2025-11-28 | 19.40x |
| 2025-11-26 | 19.38x |
| 2025-11-25 | 19.33x |
| 2025-11-24 | 18.92x |
| 2025-11-21 | 19.29x |
| 2025-11-20 | 18.82x |
| 2025-11-19 | 18.82x |
| 2025-11-18 | 18.88x |
| 2025-11-17 | 18.85x |
| 2025-11-14 | 19.03x |
| 2025-11-13 | 19.12x |
| 2025-11-12 | 19.13x |
| 2025-11-11 | 19.12x |
| 2025-11-10 | 19.05x |
| 2025-11-07 | 19.13x |
| 2025-11-06 | 19.05x |
| 2025-11-05 | 19.10x |
| 2025-11-04 | 19.09x |
| 2025-11-03 | 18.97x |
| 2025-10-31 | 19.02x |
| 2025-10-30 | 19.00x |
| 2025-10-29 | 18.89x |
| 2025-10-28 | 19.16x |
| 2025-10-27 | 19.29x |
| 2025-10-24 | 19.53x |
| 2025-10-23 | 20.37x |
| 2025-10-22 | 20.05x |
| 2025-10-21 | 20.35x |
| 2025-10-20 | 20.01x |
| 2025-10-17 | 19.78x |
| 2025-10-16 | 19.62x |
| 2025-10-15 | 19.67x |
| 2025-10-14 | 19.70x |
| 2025-10-13 | 19.44x |
| 2025-10-10 | 19.48x |
| 2025-10-09 | 19.72x |
| 2025-10-08 | 20.03x |
| 2025-10-07 | 20.25x |
| 2025-10-06 | 20.46x |
| 2025-10-03 | 20.55x |
| 2025-10-02 | 20.60x |
| 2025-10-01 | 20.55x |
| 2025-09-30 | 20.61x |
| 2025-09-29 | 20.65x |
| 2025-09-26 | 20.63x |
| 2025-09-25 | 20.40x |
| 2025-09-24 | 20.52x |
| 2025-09-23 | 20.64x |
| 2025-09-22 | 20.62x |
| 2025-09-19 | 20.68x |
| 2025-09-18 | 20.81x |
| 2025-09-17 | 20.73x |
| 2025-09-16 | 20.68x |
| 2025-09-15 | 20.83x |
| 2025-09-12 | 20.79x |
| 2025-09-11 | 21.01x |
| 2025-09-10 | 20.73x |
| 2025-09-09 | 20.71x |
| 2025-09-08 | 21.03x |
| 2025-09-05 | 21.00x |
| 2025-09-04 | 20.96x |
| 2025-09-03 | 20.64x |
| 2025-09-02 | 20.71x |
| 2025-08-29 | 20.88x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
