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 15.80x is in line with its estimated 5-year average of 17.20x, near the low end of its estimated 5-year range (14.64x–24.16x).
As of 2026-09-12T00:15:46.970Z. 19.02% below its estimated 12-month average of 19.51x.
Calculation as of: 2026-09-12T00:15:46.970Z.
Quote observation: 2026-09-11T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 0b16e7a25db735cf662a52f363051510cca0b739a27c3f67f9e2c4ef8857eecf
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 2026-09-10.
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
15.80x
EV/EBITDA RATIO AVG TTM
19.51x
EV/EBITDA RATIO AVG 3Y
17.46x
EV/EBITDA RATIO AVG 5Y
17.20x
EV/EBITDA RATIO AVG 10Y
16.95x
EV/EBITDA RATIO AVG 15Y
14.07x
EV/EBITDA RATIO AVG 20Y
12.61x
CURRENT VS TTM AVG
-19.02%
CURRENT VS 3Y AVG
-9.52%
CURRENT VS 5Y AVG
-8.14%
CURRENT VS 10Y AVG
-6.77%
CURRENT VS 15Y AVG
+12.33%
CURRENT VS 20Y AVG
+25.34%
SECTOR MEDIAN · INDUSTRIALS
17.00x
median of 127 covered companies
CURRENT VS SECTOR MEDIAN
-7.06%
vs the sector median at left
L3Harris Technologies, Inc.
Market Cap
$45.72B
EV/EBITDA Ratio
15.80x
TTM Avg
19.51x
3Y Avg
17.46x
5Y Avg
17.20x
Market Cap
$45.31B
EV/EBITDA Ratio
32.56x
TTM Avg
29.18x
3Y Avg
29.70x
5Y Avg
30.61x
Market Cap
$47.37B
EV/EBITDA Ratio
20.55x
TTM Avg
19.68x
3Y Avg
20.97x
5Y Avg
17.25x
Market Cap
$44.03B
EV/EBITDA Ratio
31.68x
TTM Avg
37.79x
3Y Avg
37.48x
5Y Avg
38.06x
Market Cap
$47.67B
EV/EBITDA Ratio
22.37x
TTM Avg
25.94x
3Y Avg
22.68x
5Y Avg
23.03x
Market Cap
$47.84B
EV/EBITDA Ratio
21.76x
TTM Avg
20.27x
3Y Avg
18.01x
5Y Avg
17.02x
Market Cap
$42.50B
EV/EBITDA Ratio
14.38x
TTM Avg
14.10x
3Y Avg
24.41x
5Y Avg
24.90x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| L3Harris Technologies, Inc. (LHX) | $45.72B | 15.80x | 19.51x | 17.46x | 17.20x |
| HEICO Corporation (HEI-A)vs › | $45.31B | 32.56x | 29.18x | 29.70x | 30.61x |
| Carrier Global Corporation (CARR)vs › | $47.37B | 20.55x | 19.68x | 20.97x | 17.25x |
| HEICO Corporation (HEI)vs › | $44.03B | 31.68x | 37.79x | 37.48x | 38.06x |
| Rockwell Automation, Inc. (ROK)vs › | $47.67B | 22.37x | 25.94x | 22.68x | 23.03x |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $47.84B | 21.76x | 20.27x | 18.01x | 17.02x |
| Ferguson plc (FERG)vs › | $43.16B | N/A | 16.63x | 15.63x | 13.76x |
| Thomson Reuters Corporation (TRI)vs › | $42.50B | 14.38x | 14.10x | 24.41x | 24.90x |
| Honeywell Aerospace Inc (HONA)vs › | $50.16B | N/A | N/A | N/A | N/A |
| Paychex, Inc. (PAYX)vs › | $41.19B | 15.13x | 16.10x | 18.95x | 20.01x |
At 15.8, EV/EBITDA is near its estimated 20-year median — higher than 62% 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
12.7
estimated 20-year high
37.2
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 |
|---|---|
| 2026-09-10 | 16.10x |
| 2026-09-09 | 16.21x |
| 2026-09-08 | 16.50x |
| 2026-09-04 | 16.53x |
| 2026-09-03 | 16.84x |
| 2026-09-02 | 16.80x |
| 2026-09-01 | 16.92x |
| 2026-08-31 | 17.06x |
| 2026-08-28 | 16.88x |
| 2026-08-27 | 16.83x |
| 2026-08-26 | 16.88x |
| 2026-08-25 | 16.84x |
| 2026-08-24 | 16.88x |
| 2026-08-21 | 17.09x |
| 2026-08-20 | 17.29x |
| 2026-08-19 | 17.65x |
| 2026-08-18 | 17.78x |
| 2026-08-17 | 17.72x |
| 2026-08-14 | 18.44x |
| 2026-08-13 | 18.26x |
| 2026-08-12 | 18.38x |
| 2026-08-11 | 18.13x |
| 2026-08-10 | 18.33x |
| 2026-08-07 | 18.16x |
| 2026-08-06 | 18.32x |
| 2026-08-05 | 18.13x |
| 2026-08-04 | 18.09x |
| 2026-08-03 | 17.69x |
| 2026-07-31 | 17.64x |
| 2026-07-30 | 18.02x |
| 2026-07-29 | 19.42x |
| 2026-07-28 | 19.84x |
| 2026-07-27 | 19.75x |
| 2026-07-24 | 19.57x |
| 2026-07-23 | 19.54x |
| 2026-07-22 | 18.74x |
| 2026-07-21 | 18.34x |
| 2026-07-20 | 18.49x |
| 2026-07-17 | 18.57x |
| 2026-07-16 | 18.70x |
| 2026-07-15 | 18.84x |
| 2026-07-14 | 19.01x |
| 2026-07-13 | 18.94x |
| 2026-07-10 | 19.05x |
| 2026-07-09 | 19.00x |
| 2026-07-08 | 19.20x |
| 2026-07-07 | 19.31x |
| 2026-07-06 | 19.63x |
| 2026-07-02 | 19.67x |
| 2026-07-01 | 19.13x |
| 2026-06-30 | 19.04x |
| 2026-06-29 | 18.98x |
| 2026-06-26 | 19.08x |
| 2026-06-25 | 18.93x |
| 2026-06-24 | 18.86x |
| 2026-06-23 | 19.22x |
| 2026-06-22 | 18.78x |
| 2026-06-18 | 19.27x |
| 2026-06-17 | 20.28x |
| 2026-06-16 | 20.13x |
| 2026-06-15 | 19.79x |
| 2026-06-12 | 19.98x |
| 2026-06-11 | 20.22x |
| 2026-06-10 | 19.72x |
| 2026-06-09 | 20.00x |
| 2026-06-08 | 19.67x |
| 2026-06-05 | 19.99x |
| 2026-06-04 | 20.09x |
| 2026-06-03 | 19.75x |
| 2026-06-02 | 20.00x |
| 2026-06-01 | 20.08x |
| 2026-05-29 | 20.39x |
| 2026-05-28 | 20.37x |
| 2026-05-27 | 20.05x |
| 2026-05-26 | 20.29x |
| 2026-05-22 | 20.21x |
| 2026-05-21 | 19.90x |
| 2026-05-20 | 20.06x |
| 2026-05-19 | 20.00x |
| 2026-05-18 | 20.17x |
| 2026-05-15 | 19.74x |
| 2026-05-14 | 19.97x |
| 2026-05-13 | 19.83x |
| 2026-05-12 | 20.08x |
| 2026-05-11 | 19.69x |
| 2026-05-08 | 19.54x |
| 2026-05-07 | 19.62x |
| 2026-05-06 | 19.68x |
| 2026-05-05 | 19.70x |
| 2026-05-04 | 20.03x |
| 2026-05-01 | 20.29x |
| 2026-04-30 | 20.93x |
| 2026-04-29 | 20.98x |
| 2026-04-28 | 21.17x |
| 2026-04-27 | 20.92x |
| 2026-04-24 | 20.76x |
| 2026-04-23 | 21.47x |
| 2026-04-22 | 21.55x |
| 2026-04-21 | 22.03x |
| 2026-04-20 | 22.49x |
| 2026-04-17 | 22.59x |
| 2026-04-16 | 22.76x |
| 2026-04-15 | 22.90x |
| 2026-04-14 | 22.88x |
| 2026-04-13 | 23.02x |
| 2026-04-10 | 22.77x |
| 2026-04-09 | 23.02x |
| 2026-04-08 | 23.24x |
| 2026-04-07 | 22.80x |
| 2026-04-06 | 23.06x |
| 2026-04-02 | 22.91x |
| 2026-04-01 | 22.79x |
| 2026-03-31 | 22.30x |
| 2026-03-30 | 22.01x |
| 2026-03-27 | 22.18x |
| 2026-03-26 | 22.54x |
| 2026-03-25 | 22.69x |
| 2026-03-24 | 22.65x |
| 2026-03-23 | 22.32x |
| 2026-03-20 | 22.73x |
| 2026-03-19 | 23.34x |
| 2026-03-18 | 23.60x |
| 2026-03-17 | 23.63x |
| 2026-03-16 | 23.48x |
| 2026-03-13 | 23.07x |
| 2026-03-12 | 23.01x |
| 2026-03-11 | 23.37x |
| 2026-03-10 | 23.23x |
| 2026-03-09 | 23.76x |
| 2026-03-06 | 23.50x |
| 2026-03-05 | 23.14x |
| 2026-03-04 | 23.62x |
| 2026-03-03 | 23.58x |
| 2026-03-02 | 24.16x |
| 2026-02-27 | 23.39x |
| 2026-02-26 | 22.86x |
| 2026-02-25 | 22.07x |
| 2026-02-24 | 22.81x |
| 2026-02-23 | 22.86x |
| 2026-02-20 | 22.92x |
| 2026-02-19 | 23.06x |
| 2026-02-18 | 22.69x |
| 2026-02-17 | 22.38x |
| 2026-02-13 | 22.32x |
| 2026-02-12 | 20.16x |
| 2026-02-11 | 20.18x |
| 2026-02-10 | 20.43x |
| 2026-02-09 | 20.70x |
| 2026-02-06 | 20.66x |
| 2026-02-05 | 20.28x |
| 2026-02-04 | 20.12x |
| 2026-02-03 | 20.75x |
| 2026-02-02 | 20.18x |
| 2026-01-30 | 20.31x |
| 2026-01-29 | 20.98x |
| 2026-01-28 | 21.19x |
| 2026-01-27 | 21.20x |
| 2026-01-26 | 20.88x |
| 2026-01-23 | 20.91x |
| 2026-01-22 | 20.96x |
| 2026-01-21 | 20.56x |
| 2026-01-20 | 20.29x |
| 2026-01-16 | 20.49x |
| 2026-01-15 | 20.19x |
| 2026-01-14 | 20.31x |
| 2026-01-13 | 20.23x |
| 2026-01-12 | 20.20x |
| 2026-01-09 | 19.96x |
| 2026-01-08 | 19.45x |
| 2026-01-07 | 18.65x |
| 2026-01-06 | 18.89x |
| 2026-01-05 | 18.73x |
| 2026-01-02 | 18.38x |
| 2025-12-31 | 17.84x |
| 2025-12-30 | 17.93x |
| 2025-12-29 | 17.95x |
| 2025-12-26 | 18.00x |
| 2025-12-24 | 18.07x |
| 2025-12-23 | 18.05x |
| 2025-12-22 | 17.91x |
| 2025-12-19 | 17.53x |
| 2025-12-18 | 17.29x |
| 2025-12-17 | 17.09x |
| 2025-12-16 | 17.30x |
| 2025-12-15 | 17.58x |
| 2025-12-12 | 17.50x |
| 2025-12-11 | 17.65x |
| 2025-12-10 | 17.45x |
| 2025-12-09 | 17.02x |
| 2025-12-08 | 17.24x |
| 2025-12-05 | 17.08x |
| 2025-12-04 | 17.18x |
| 2025-12-03 | 17.04x |
| 2025-12-02 | 16.85x |
| 2025-12-01 | 16.77x |
| 2025-11-28 | 17.09x |
| 2025-11-26 | 16.96x |
| 2025-11-25 | 16.97x |
| 2025-11-24 | 16.92x |
| 2025-11-21 | 17.04x |
| 2025-11-20 | 17.37x |
| 2025-11-19 | 17.42x |
| 2025-11-18 | 17.43x |
| 2025-11-17 | 17.54x |
| 2025-11-14 | 17.63x |
| 2025-11-13 | 17.57x |
| 2025-11-12 | 18.17x |
| 2025-11-11 | 18.24x |
| 2025-11-10 | 18.01x |
| 2025-11-07 | 17.69x |
| 2025-11-06 | 17.41x |
| 2025-11-05 | 17.51x |
| 2025-11-04 | 17.71x |
| 2025-11-03 | 17.59x |
| 2025-10-31 | 17.61x |
| 2025-10-30 | 18.59x |
| 2025-10-29 | 18.12x |
| 2025-10-28 | 18.14x |
| 2025-10-27 | 18.34x |
| 2025-10-24 | 18.45x |
| 2025-10-23 | 18.45x |
| 2025-10-22 | 18.23x |
| 2025-10-21 | 18.40x |
| 2025-10-20 | 18.31x |
| 2025-10-17 | 17.96x |
| 2025-10-16 | 17.98x |
| 2025-10-15 | 18.27x |
| 2025-10-14 | 18.80x |
| 2025-10-13 | 18.46x |
| 2025-10-10 | 18.40x |
| 2025-10-09 | 18.71x |
| 2025-10-08 | 19.15x |
| 2025-10-07 | 18.87x |
| 2025-10-06 | 18.96x |
| 2025-10-03 | 18.66x |
| 2025-10-02 | 18.60x |
| 2025-10-01 | 18.82x |
| 2025-09-30 | 19.08x |
| 2025-09-29 | 18.64x |
| 2025-09-26 | 18.46x |
| 2025-09-25 | 18.24x |
| 2025-09-24 | 17.97x |
| 2025-09-23 | 18.08x |
| 2025-09-22 | 17.98x |
| 2025-09-19 | 17.97x |
| 2025-09-18 | 17.90x |
| 2025-09-17 | 17.86x |
| 2025-09-16 | 17.98x |
| 2025-09-15 | 17.86x |
| 2025-09-12 | 17.72x |
| 2025-09-11 | 17.79x |
| 2025-09-10 | 17.53x |
| 2025-09-09 | 17.28x |
| 2025-09-08 | 17.44x |
| 2025-09-05 | 17.37x |
| 2025-09-04 | 17.40x |
| 2025-09-03 | 17.40x |
| 2025-09-02 | 17.51x |
| 2025-08-29 | 17.64x |
| 2025-08-28 | 17.61x |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.
