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 20.04x is 22% below its estimated 5-year average of 25.83x, near the low end of its estimated 5-year range (18.41x–32.67x).
As of 2026-10-05T20:10:48.002Z. 13.52% below its estimated 12-month average of 23.17x.
Calculation as of: 2026-10-05T20:10:48.002Z.
Quote observation: 2026-10-05T19:59:59.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 384082aa474c007c63418d0a1b9e789b6a218fcbe1f9e3976beacd90a06b437f
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 2026-10-02.
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
20.04x
EV/EBITDA RATIO AVG TTM
23.17x
EV/EBITDA RATIO AVG 3Y
26.57x
EV/EBITDA RATIO AVG 5Y
25.83x
EV/EBITDA RATIO AVG 10Y
22.52x
EV/EBITDA RATIO AVG 15Y
19.15x
EV/EBITDA RATIO AVG 20Y
16.85x
CURRENT VS TTM AVG
-13.52%
CURRENT VS 3Y AVG
-24.57%
CURRENT VS 5Y AVG
-22.42%
CURRENT VS 10Y AVG
-11.03%
CURRENT VS 15Y AVG
+4.62%
CURRENT VS 20Y AVG
+18.93%
SECTOR MEDIAN · FINANCIAL SERVICES
12.77x
median of 17 covered companies
CURRENT VS SECTOR MEDIAN
+56.93%
vs the sector median at left
Moody's Corporation
Market Cap
$77.62B
EV/EBITDA Ratio
20.04x
TTM Avg
23.17x
3Y Avg
26.57x
5Y Avg
25.83x
Market Cap
$75.26B
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$81.33B
EV/EBITDA Ratio
14.66x
TTM Avg
15.36x
3Y Avg
17.91x
5Y Avg
18.41x
Market Cap
$82.29B
EV/EBITDA Ratio
10.12x
TTM Avg
11.80x
3Y Avg
11.90x
5Y Avg
12.06x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Moody's Corporation (MCO) | $77.62B | 20.04x | 23.17x | 26.57x | 25.83x |
| iShares Russell 2000 ETF (IWM)vs › | $77.95B | N/A | N/A | N/A | N/A |
| VanEck Semiconductor ETF (SMH)vs › | $79.90B | N/A | N/A | N/A | N/A |
| The Travelers Companies, Inc. (TRV)vs › | $75.26B | N/A | N/A | N/A | N/A |
| KKR & Co. Inc. (KKR)vs › | $80.75B | N/A | N/A | N/A | N/A |
| iShares Bitcoin Trust ETF (IBIT)vs › | $80.97B | N/A | N/A | N/A | N/A |
| Marsh & McLennan Companies, Inc. (MRSH)vs › | $81.33B | 14.66x | 15.36x | 17.91x | 18.41x |
| Nu Holdings Ltd. (NU)vs › | $73.54B | N/A | N/A | N/A | N/A |
| Brookfield Corporation (BN)vs › | $82.29B | 10.12x | 11.80x | 11.90x | 12.06x |
| Brookfield Asset Management Ltd. (BAM)vs › | $71.42B | N/A | N/A | N/A | N/A |
At 20.0, EV/EBITDA is above its estimated 20-year median — higher than 65% 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
5.4
median
14.9
estimated 20-year high
32.7
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 |
|---|---|
| 2026-10-02 | 20.05x |
| 2026-10-01 | 20.30x |
| 2026-09-30 | 20.58x |
| 2026-09-29 | 20.61x |
| 2026-09-28 | 20.83x |
| 2026-09-25 | 21.20x |
| 2026-09-24 | 21.14x |
| 2026-09-23 | 21.41x |
| 2026-09-22 | 21.22x |
| 2026-09-21 | 21.14x |
| 2026-09-18 | 21.19x |
| 2026-09-17 | 20.91x |
| 2026-09-16 | 21.05x |
| 2026-09-15 | 21.13x |
| 2026-09-14 | 21.59x |
| 2026-09-11 | 21.46x |
| 2026-09-10 | 21.14x |
| 2026-09-09 | 21.44x |
| 2026-09-08 | 21.73x |
| 2026-09-04 | 22.24x |
| 2026-09-03 | 22.70x |
| 2026-09-02 | 22.09x |
| 2026-09-01 | 22.29x |
| 2026-08-31 | 22.71x |
| 2026-08-28 | 23.15x |
| 2026-08-27 | 22.90x |
| 2026-08-26 | 23.13x |
| 2026-08-25 | 23.07x |
| 2026-08-24 | 22.99x |
| 2026-08-21 | 22.66x |
| 2026-08-20 | 22.46x |
| 2026-08-19 | 22.39x |
| 2026-08-18 | 21.92x |
| 2026-08-17 | 21.55x |
| 2026-08-14 | 21.88x |
| 2026-08-13 | 22.03x |
| 2026-08-12 | 21.58x |
| 2026-08-11 | 21.53x |
| 2026-08-10 | 21.60x |
| 2026-08-07 | 21.58x |
| 2026-08-06 | 21.38x |
| 2026-08-05 | 21.84x |
| 2026-08-04 | 21.83x |
| 2026-08-03 | 21.82x |
| 2026-07-31 | 21.61x |
| 2026-07-30 | 21.77x |
| 2026-07-29 | 21.81x |
| 2026-07-28 | 21.85x |
| 2026-07-27 | 21.92x |
| 2026-07-24 | 21.32x |
| 2026-07-23 | 22.59x |
| 2026-07-22 | 23.37x |
| 2026-07-21 | 23.41x |
| 2026-07-20 | 24.07x |
| 2026-07-17 | 24.31x |
| 2026-07-16 | 24.68x |
| 2026-07-15 | 24.03x |
| 2026-07-14 | 23.59x |
| 2026-07-13 | 23.63x |
| 2026-07-10 | 23.26x |
| 2026-07-09 | 23.25x |
| 2026-07-08 | 23.16x |
| 2026-07-07 | 23.85x |
| 2026-07-06 | 23.77x |
| 2026-07-02 | 23.40x |
| 2026-07-01 | 22.41x |
| 2026-06-30 | 21.72x |
| 2026-06-29 | 21.71x |
| 2026-06-26 | 21.59x |
| 2026-06-25 | 21.09x |
| 2026-06-24 | 21.58x |
| 2026-06-23 | 21.32x |
| 2026-06-22 | 21.47x |
| 2026-06-18 | 21.62x |
| 2026-06-17 | 21.87x |
| 2026-06-16 | 22.41x |
| 2026-06-15 | 21.77x |
| 2026-06-12 | 21.49x |
| 2026-06-11 | 21.23x |
| 2026-06-10 | 21.62x |
| 2026-06-09 | 21.59x |
| 2026-06-08 | 21.31x |
| 2026-06-05 | 21.65x |
| 2026-06-04 | 21.55x |
| 2026-06-03 | 21.52x |
| 2026-06-02 | 21.75x |
| 2026-06-01 | 22.23x |
| 2026-05-29 | 21.74x |
| 2026-05-28 | 21.61x |
| 2026-05-27 | 21.66x |
| 2026-05-26 | 21.64x |
| 2026-05-22 | 21.55x |
| 2026-05-21 | 21.38x |
| 2026-05-20 | 21.33x |
| 2026-05-19 | 20.90x |
| 2026-05-18 | 21.30x |
| 2026-05-15 | 20.65x |
| 2026-05-14 | 20.82x |
| 2026-05-13 | 21.07x |
| 2026-05-12 | 21.67x |
| 2026-05-11 | 21.52x |
| 2026-05-08 | 21.65x |
| 2026-05-07 | 21.91x |
| 2026-05-06 | 21.53x |
| 2026-05-05 | 21.79x |
| 2026-05-04 | 21.57x |
| 2026-05-01 | 21.85x |
| 2026-04-30 | 22.12x |
| 2026-04-29 | 22.04x |
| 2026-04-28 | 21.95x |
| 2026-04-27 | 22.08x |
| 2026-04-24 | 21.86x |
| 2026-04-23 | 21.91x |
| 2026-04-22 | 22.56x |
| 2026-04-21 | 22.24x |
| 2026-04-20 | 22.25x |
| 2026-04-17 | 22.04x |
| 2026-04-16 | 21.73x |
| 2026-04-15 | 21.65x |
| 2026-04-14 | 21.25x |
| 2026-04-13 | 21.32x |
| 2026-04-10 | 20.77x |
| 2026-04-09 | 21.26x |
| 2026-04-08 | 21.69x |
| 2026-04-07 | 21.25x |
| 2026-04-06 | 21.53x |
| 2026-04-02 | 21.38x |
| 2026-04-01 | 21.29x |
| 2026-03-31 | 21.17x |
| 2026-03-30 | 20.98x |
| 2026-03-27 | 20.65x |
| 2026-03-26 | 20.99x |
| 2026-03-25 | 20.80x |
| 2026-03-24 | 20.82x |
| 2026-03-23 | 21.39x |
| 2026-03-20 | 21.12x |
| 2026-03-19 | 21.15x |
| 2026-03-18 | 21.28x |
| 2026-03-17 | 21.39x |
| 2026-03-16 | 21.01x |
| 2026-03-13 | 20.89x |
| 2026-03-12 | 20.72x |
| 2026-03-11 | 21.61x |
| 2026-03-10 | 21.90x |
| 2026-03-09 | 22.38x |
| 2026-03-06 | 22.80x |
| 2026-03-05 | 22.71x |
| 2026-03-04 | 22.76x |
| 2026-03-03 | 22.45x |
| 2026-03-02 | 22.53x |
| 2026-02-27 | 23.06x |
| 2026-02-26 | 23.14x |
| 2026-02-25 | 22.41x |
| 2026-02-24 | 21.92x |
| 2026-02-23 | 21.21x |
| 2026-02-20 | 21.70x |
| 2026-02-19 | 21.77x |
| 2026-02-18 | 23.23x |
| 2026-02-17 | 21.90x |
| 2026-02-13 | 22.05x |
| 2026-02-12 | 21.51x |
| 2026-02-11 | 21.37x |
| 2026-02-10 | 21.69x |
| 2026-02-09 | 23.17x |
| 2026-02-06 | 23.31x |
| 2026-02-05 | 23.56x |
| 2026-02-04 | 23.73x |
| 2026-02-03 | 24.21x |
| 2026-02-02 | 26.43x |
| 2026-01-30 | 26.36x |
| 2026-01-29 | 26.35x |
| 2026-01-28 | 26.41x |
| 2026-01-27 | 26.52x |
| 2026-01-26 | 26.83x |
| 2026-01-23 | 26.77x |
| 2026-01-22 | 27.07x |
| 2026-01-21 | 26.81x |
| 2026-01-20 | 26.44x |
| 2026-01-16 | 27.49x |
| 2026-01-15 | 27.52x |
| 2026-01-14 | 27.34x |
| 2026-01-13 | 27.29x |
| 2026-01-12 | 27.30x |
| 2026-01-09 | 27.13x |
| 2026-01-08 | 27.11x |
| 2026-01-07 | 27.12x |
| 2026-01-06 | 27.20x |
| 2026-01-05 | 26.90x |
| 2026-01-02 | 25.56x |
| 2025-12-31 | 26.13x |
| 2025-12-30 | 26.37x |
| 2025-12-29 | 26.53x |
| 2025-12-26 | 26.57x |
| 2025-12-24 | 26.44x |
| 2025-12-23 | 26.35x |
| 2025-12-22 | 26.07x |
| 2025-12-19 | 25.76x |
| 2025-12-18 | 25.50x |
| 2025-12-17 | 25.56x |
| 2025-12-16 | 25.27x |
| 2025-12-15 | 25.00x |
| 2025-12-12 | 24.96x |
| 2025-12-11 | 24.91x |
| 2025-12-10 | 24.64x |
| 2025-12-09 | 24.95x |
| 2025-12-08 | 24.99x |
| 2025-12-05 | 25.44x |
| 2025-12-04 | 25.10x |
| 2025-12-03 | 25.22x |
| 2025-12-02 | 25.02x |
| 2025-12-01 | 24.99x |
| 2025-11-28 | 25.16x |
| 2025-11-26 | 24.99x |
| 2025-11-25 | 24.91x |
| 2025-11-24 | 24.58x |
| 2025-11-21 | 24.62x |
| 2025-11-20 | 24.38x |
| 2025-11-19 | 24.30x |
| 2025-11-18 | 24.17x |
| 2025-11-17 | 24.26x |
| 2025-11-14 | 24.62x |
| 2025-11-13 | 25.16x |
| 2025-11-12 | 25.16x |
| 2025-11-11 | 25.27x |
| 2025-11-10 | 24.88x |
| 2025-11-07 | 25.03x |
| 2025-11-06 | 24.75x |
| 2025-11-05 | 24.95x |
| 2025-11-04 | 25.00x |
| 2025-11-03 | 24.93x |
| 2025-10-31 | 24.66x |
| 2025-10-30 | 24.59x |
| 2025-10-29 | 24.24x |
| 2025-10-28 | 25.16x |
| 2025-10-27 | 25.37x |
| 2025-10-24 | 25.16x |
| 2025-10-23 | 25.74x |
| 2025-10-22 | 25.41x |
| 2025-10-21 | 26.03x |
| 2025-10-20 | 25.50x |
| 2025-10-17 | 25.32x |
| 2025-10-16 | 25.20x |
| 2025-10-15 | 25.70x |
| 2025-10-14 | 25.84x |
| 2025-10-13 | 25.46x |
| 2025-10-10 | 25.99x |
| 2025-10-09 | 26.41x |
| 2025-10-08 | 26.29x |
| 2025-10-07 | 26.21x |
| 2025-10-06 | 25.95x |
| 2025-10-03 | 26.03x |
| 2025-10-02 | 25.89x |
| 2025-10-01 | 25.77x |
| 2025-09-30 | 25.60x |
| 2025-09-29 | 25.82x |
| 2025-09-26 | 25.61x |
| 2025-09-25 | 25.41x |
| 2025-09-24 | 25.52x |
| 2025-09-23 | 25.62x |
| 2025-09-22 | 26.20x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
