Basis: Latest stored market observation. 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 19.91x is in line with its 5-year average of 18.51x, around the middle of its 5-year range (15.37x–22.84x).
As of Sunday, August 2, 2026. 8.09% above its 12-month average of 18.42x.
EV/EBITDA RATIO
19.91x
EV/EBITDA RATIO AVG TTM
18.42x
EV/EBITDA RATIO AVG 3Y
18.28x
EV/EBITDA RATIO AVG 5Y
18.48x
EV/EBITDA RATIO AVG 10Y
17.33x
EV/EBITDA RATIO AVG 15Y
15.44x
EV/EBITDA RATIO AVG 20Y
14.03x
CURRENT VS TTM AVG
+8.09%
CURRENT VS 3Y AVG
+8.92%
CURRENT VS 5Y AVG
+7.73%
CURRENT VS 10Y AVG
+14.90%
CURRENT VS 15Y AVG
+28.94%
CURRENT VS 20Y AVG
+41.88%
SECTOR MEDIAN · INDUSTRIALS
17.32x
median of 122 covered companies
CURRENT VS SECTOR MEDIAN
+14.92%
vs the sector median at left
Illinois Tool Works Inc.
Market Cap
$82.56B
EV/EBITDA Ratio
19.91x
TTM Avg
18.42x
3Y Avg
18.28x
5Y Avg
18.48x
Market Cap
$81.89B
EV/EBITDA Ratio
28.49x
TTM Avg
27.00x
3Y Avg
29.17x
5Y Avg
27.12x
Market Cap
$83.91B
EV/EBITDA Ratio
18.82x
TTM Avg
17.92x
3Y Avg
16.83x
5Y Avg
16.62x
Market Cap
$78.14B
EV/EBITDA Ratio
16.18x
TTM Avg
15.87x
3Y Avg
18.17x
5Y Avg
20.74x
Market Cap
$77.07B
EV/EBITDA Ratio
16.52x
TTM Avg
17.60x
3Y Avg
18.50x
5Y Avg
17.19x
Market Cap
$77.03B
EV/EBITDA Ratio
16.09x
TTM Avg
11.43x
3Y Avg
10.40x
5Y Avg
10.52x
Market Cap
$76.95B
EV/EBITDA Ratio
15.08x
TTM Avg
13.23x
3Y Avg
13.78x
5Y Avg
14.51x
Market Cap
$88.54B
EV/EBITDA Ratio
10.46x
TTM Avg
9.19x
3Y Avg
10.23x
5Y Avg
10.78x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Illinois Tool Works Inc. (ITW) | $82.56B | 19.91x | 18.42x | 18.28x | 18.48x |
| Cintas Corporation (CTAS)vs › | $81.89B | 28.49x | 27.00x | 29.17x | 27.12x |
| Emerson Electric Co. (EMR)vs › | $83.91B | 18.82x | 17.92x | 16.83x | 16.62x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $78.14B | 16.18x | 15.87x | 18.17x | 20.74x |
| Cummins Inc. (CMI)vs › | $87.51B | 19.05x | 15.96x | 14.35x | 12.72x |
| Northrop Grumman Corporation (NOC)vs › | $77.07B | 16.52x | 17.60x | 18.50x | 17.19x |
| Honeywell International Inc. (HON)vs › | $77.03B | 16.09x | 11.43x | 10.40x | 10.52x |
| Canadian National Railway Company (CNI)vs › | $76.95B | 15.08x | 13.23x | 13.78x | 14.51x |
| United Parcel Service, Inc. (UPS)vs › | $88.54B | 10.46x | 9.19x | 10.23x | 10.78x |
| Norfolk Southern Corporation (NSC)vs › | $75.35B | 16.96x | 15.05x | 15.14x | 14.27x |
At 19.9, EV/EBITDA is richer than usual, sitting higher than 93% of its 20-year history.
20-year low
5.3
median
13.6
20-year high
24.4
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 |
|---|---|
| 2026-07-31 | 19.91x |
| 2026-07-30 | 19.70x |
| 2026-07-29 | 20.25x |
| 2026-07-28 | 20.42x |
| 2026-07-27 | 19.70x |
| 2026-07-24 | 19.59x |
| 2026-07-23 | 19.20x |
| 2026-07-22 | 19.02x |
| 2026-07-21 | 18.89x |
| 2026-07-20 | 18.88x |
| 2026-07-17 | 19.15x |
| 2026-07-16 | 19.58x |
| 2026-07-15 | 18.86x |
| 2026-07-14 | 18.91x |
| 2026-07-13 | 18.86x |
| 2026-07-10 | 18.69x |
| 2026-07-09 | 18.49x |
| 2026-07-08 | 18.46x |
| 2026-07-07 | 18.84x |
| 2026-07-06 | 19.04x |
| 2026-07-02 | 18.94x |
| 2026-07-01 | 18.70x |
| 2026-06-30 | 18.80x |
| 2026-06-29 | 18.61x |
| 2026-06-26 | 18.63x |
| 2026-06-25 | 18.81x |
| 2026-06-24 | 18.37x |
| 2026-06-23 | 18.24x |
| 2026-06-22 | 18.48x |
| 2026-06-18 | 18.40x |
| 2026-06-17 | 18.27x |
| 2026-06-16 | 18.50x |
| 2026-06-15 | 18.30x |
| 2026-06-12 | 17.98x |
| 2026-06-11 | 17.79x |
| 2026-06-10 | 17.52x |
| 2026-06-09 | 17.92x |
| 2026-06-08 | 17.66x |
| 2026-06-05 | 17.68x |
| 2026-06-04 | 17.58x |
| 2026-06-03 | 17.53x |
| 2026-06-02 | 17.42x |
| 2026-06-01 | 17.25x |
| 2026-05-29 | 17.34x |
| 2026-05-28 | 17.49x |
| 2026-05-27 | 17.53x |
| 2026-05-26 | 17.54x |
| 2026-05-22 | 17.65x |
| 2026-05-21 | 17.51x |
| 2026-05-20 | 17.56x |
| 2026-05-19 | 17.35x |
| 2026-05-18 | 17.48x |
| 2026-05-15 | 17.37x |
| 2026-05-14 | 17.56x |
| 2026-05-13 | 17.52x |
| 2026-05-12 | 17.60x |
| 2026-05-11 | 17.64x |
| 2026-05-08 | 17.81x |
| 2026-05-07 | 17.86x |
| 2026-05-06 | 18.16x |
| 2026-05-05 | 17.78x |
| 2026-05-04 | 17.60x |
| 2026-05-01 | 17.84x |
| 2026-04-30 | 18.00x |
| 2026-04-29 | 18.48x |
| 2026-04-28 | 18.66x |
| 2026-04-27 | 18.74x |
| 2026-04-24 | 18.71x |
| 2026-04-23 | 18.95x |
| 2026-04-22 | 18.57x |
| 2026-04-21 | 18.82x |
| 2026-04-20 | 18.93x |
| 2026-04-17 | 18.90x |
| 2026-04-16 | 18.48x |
| 2026-04-15 | 18.40x |
| 2026-04-14 | 18.90x |
| 2026-04-13 | 19.04x |
| 2026-04-10 | 18.79x |
| 2026-04-09 | 18.96x |
| 2026-04-08 | 18.73x |
| 2026-04-07 | 18.07x |
| 2026-04-06 | 18.03x |
| 2026-04-02 | 18.02x |
| 2026-04-01 | 18.16x |
| 2026-03-31 | 18.15x |
| 2026-03-30 | 17.89x |
| 2026-03-27 | 18.07x |
| 2026-03-26 | 18.21x |
| 2026-03-25 | 18.53x |
| 2026-03-24 | 18.45x |
| 2026-03-23 | 18.30x |
| 2026-03-20 | 17.98x |
| 2026-03-19 | 18.17x |
| 2026-03-18 | 18.17x |
| 2026-03-17 | 18.62x |
| 2026-03-16 | 18.67x |
| 2026-03-13 | 18.57x |
| 2026-03-12 | 18.48x |
| 2026-03-11 | 18.85x |
| 2026-03-10 | 18.96x |
| 2026-03-09 | 19.17x |
| 2026-03-06 | 19.21x |
| 2026-03-05 | 19.54x |
| 2026-03-04 | 19.84x |
| 2026-03-03 | 19.76x |
| 2026-03-02 | 20.09x |
| 2026-02-27 | 20.06x |
| 2026-02-26 | 20.03x |
| 2026-02-25 | 20.00x |
| 2026-02-24 | 20.30x |
| 2026-02-23 | 20.22x |
| 2026-02-20 | 20.33x |
| 2026-02-19 | 20.26x |
| 2026-02-18 | 20.40x |
| 2026-02-17 | 20.48x |
| 2026-02-13 | 20.62x |
| 2026-02-12 | 20.86x |
| 2026-02-11 | 20.83x |
| 2026-02-10 | 20.59x |
| 2026-02-09 | 20.36x |
| 2026-02-06 | 20.55x |
| 2026-02-05 | 20.21x |
| 2026-02-04 | 20.24x |
| 2026-02-03 | 19.61x |
| 2026-02-02 | 18.67x |
| 2026-01-30 | 18.48x |
| 2026-01-29 | 18.58x |
| 2026-01-28 | 18.29x |
| 2026-01-27 | 18.31x |
| 2026-01-26 | 18.34x |
| 2026-01-23 | 18.29x |
| 2026-01-22 | 18.38x |
| 2026-01-21 | 18.39x |
| 2026-01-20 | 18.04x |
| 2026-01-16 | 18.62x |
| 2026-01-15 | 18.52x |
| 2026-01-14 | 18.33x |
| 2026-01-13 | 18.19x |
| 2026-01-12 | 18.05x |
| 2026-01-09 | 18.09x |
| 2026-01-08 | 18.00x |
| 2026-01-07 | 17.57x |
| 2026-01-06 | 18.02x |
| 2026-01-05 | 17.73x |
| 2026-01-02 | 17.73x |
| 2025-12-31 | 17.52x |
| 2025-12-30 | 17.81x |
| 2025-12-29 | 17.90x |
| 2025-12-26 | 17.92x |
| 2025-12-24 | 17.88x |
| 2025-12-23 | 17.88x |
| 2025-12-22 | 17.86x |
| 2025-12-19 | 17.77x |
| 2025-12-18 | 17.83x |
| 2025-12-17 | 17.91x |
| 2025-12-16 | 17.80x |
| 2025-12-15 | 18.31x |
| 2025-12-12 | 18.27x |
| 2025-12-11 | 18.23x |
| 2025-12-10 | 17.98x |
| 2025-12-09 | 17.54x |
| 2025-12-08 | 17.64x |
| 2025-12-05 | 17.74x |
| 2025-12-04 | 17.72x |
| 2025-12-03 | 17.76x |
| 2025-12-02 | 17.65x |
| 2025-12-01 | 17.60x |
| 2025-11-28 | 17.71x |
| 2025-11-26 | 17.69x |
| 2025-11-25 | 17.65x |
| 2025-11-24 | 17.28x |
| 2025-11-21 | 17.62x |
| 2025-11-20 | 17.19x |
| 2025-11-19 | 17.19x |
| 2025-11-18 | 17.24x |
| 2025-11-17 | 17.21x |
| 2025-11-14 | 17.37x |
| 2025-11-13 | 17.46x |
| 2025-11-12 | 17.47x |
| 2025-11-11 | 17.46x |
| 2025-11-10 | 17.39x |
| 2025-11-07 | 17.47x |
| 2025-11-06 | 17.39x |
| 2025-11-05 | 17.44x |
| 2025-11-04 | 17.43x |
| 2025-11-03 | 17.32x |
| 2025-10-31 | 17.37x |
| 2025-10-30 | 17.35x |
| 2025-10-29 | 17.25x |
| 2025-10-28 | 17.49x |
| 2025-10-27 | 17.62x |
| 2025-10-24 | 17.49x |
| 2025-10-23 | 18.56x |
| 2025-10-22 | 18.27x |
| 2025-10-21 | 18.54x |
| 2025-10-20 | 18.23x |
| 2025-10-17 | 18.03x |
| 2025-10-16 | 17.88x |
| 2025-10-15 | 17.92x |
| 2025-10-14 | 17.95x |
| 2025-10-13 | 17.71x |
| 2025-10-10 | 17.75x |
| 2025-10-09 | 17.96x |
| 2025-10-08 | 18.25x |
| 2025-10-07 | 18.45x |
| 2025-10-06 | 18.64x |
| 2025-10-03 | 18.73x |
| 2025-10-02 | 18.77x |
| 2025-10-01 | 18.72x |
| 2025-09-30 | 18.78x |
| 2025-09-29 | 18.82x |
| 2025-09-26 | 18.79x |
| 2025-09-25 | 18.59x |
| 2025-09-24 | 18.70x |
| 2025-09-23 | 18.81x |
| 2025-09-22 | 18.78x |
| 2025-09-19 | 18.85x |
| 2025-09-18 | 18.96x |
| 2025-09-17 | 18.89x |
| 2025-09-16 | 18.85x |
| 2025-09-15 | 18.98x |
| 2025-09-12 | 18.94x |
| 2025-09-11 | 19.14x |
| 2025-09-10 | 18.89x |
| 2025-09-09 | 18.87x |
| 2025-09-08 | 19.16x |
| 2025-09-05 | 19.13x |
| 2025-09-04 | 19.09x |
| 2025-09-03 | 18.81x |
| 2025-09-02 | 18.87x |
| 2025-08-29 | 19.03x |
| 2025-08-28 | 19.10x |
| 2025-08-27 | 19.17x |
| 2025-08-26 | 19.13x |
| 2025-08-25 | 19.16x |
| 2025-08-22 | 19.34x |
| 2025-08-21 | 18.79x |
| 2025-08-20 | 18.86x |
| 2025-08-19 | 18.98x |
| 2025-08-18 | 18.67x |
| 2025-08-15 | 18.64x |
| 2025-08-14 | 18.89x |
| 2025-08-13 | 19.20x |
| 2025-08-12 | 18.76x |
| 2025-08-11 | 18.52x |
| 2025-08-08 | 18.53x |
| 2025-08-07 | 18.52x |
| 2025-08-06 | 18.56x |
| 2025-08-05 | 18.47x |
| 2025-08-04 | 18.31x |
| 2025-08-01 | 18.23x |
| 2025-07-31 | 18.46x |
| 2025-07-30 | 18.29x |
| 2025-07-29 | 18.67x |
| 2025-07-28 | 18.71x |
| 2025-07-25 | 18.82x |
| 2025-07-24 | 18.83x |
| 2025-07-23 | 18.92x |
| 2025-07-22 | 18.72x |
| 2025-07-21 | 18.36x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
