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 11.85x is in line with its estimated 5-year average of 12.08x, around the middle of its estimated 5-year range (10.58x–13.60x).
As of 2026-09-16T16:55:59.988Z. 6.18% below its estimated 12-month average of 12.63x.
Calculation as of: 2026-09-16T16:55:59.988Z.
Quote observation: 2026-09-16T16:55:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: d274eb198d7200c9b710e79519b2a2be8ba50c2706c87a79c36a53839e639a23
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
11.85x
EV/EBITDA RATIO AVG TTM
12.63x
EV/EBITDA RATIO AVG 3Y
12.18x
EV/EBITDA RATIO AVG 5Y
12.08x
EV/EBITDA RATIO AVG 10Y
12.05x
EV/EBITDA RATIO AVG 15Y
10.98x
EV/EBITDA RATIO AVG 20Y
9.81x
CURRENT VS TTM AVG
-6.18%
CURRENT VS 3Y AVG
-2.71%
CURRENT VS 5Y AVG
-1.89%
CURRENT VS 10Y AVG
-1.63%
CURRENT VS 15Y AVG
+7.96%
CURRENT VS 20Y AVG
+20.75%
SECTOR MEDIAN · UTILITIES
12.78x
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
-7.28%
vs the sector median at left
Market Cap
$20.87B
EV/EBITDA Ratio
14.01x
TTM Avg
13.79x
3Y Avg
13.62x
5Y Avg
13.59x
Market Cap
$21.23B
EV/EBITDA Ratio
8.24x
TTM Avg
8.34x
3Y Avg
10.14x
5Y Avg
11.76x
Market Cap
$17.22B
EV/EBITDA Ratio
15.86x
TTM Avg
15.87x
3Y Avg
15.17x
5Y Avg
14.99x
Market Cap
$25.25B
EV/EBITDA Ratio
12.89x
TTM Avg
13.89x
3Y Avg
12.63x
5Y Avg
12.47x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NiSource Inc (NI) | $19.64B | 11.85x | 12.63x | 12.18x | 12.08x |
| Evergy, Inc. (EVRG)vs › | $18.67B | 12.67x | 12.67x | 11.50x | 11.45x |
| CMS Energy Corporation (CMS)vs › | $20.87B | 14.01x | 13.79x | 13.62x | 13.59x |
| Edison International (EIX)vs › | $21.23B | 8.24x | 8.34x | 10.14x | 11.76x |
| Alliant Energy Corporation (LNT)vs › | $17.22B | 15.86x | 15.87x | 15.17x | 14.99x |
| NRG Energy, Inc. (NRG)vs › | $22.82B | 11.01x | 13.26x | 10.75x | 8.16x |
| PPL Corporation (PPL)vs › | $25.23B | 11.99x | 12.88x | 12.69x | 12.34x |
| CenterPoint Energy, Inc. (CNP)vs › | $25.25B | 12.89x | 13.89x | 12.63x | 12.47x |
| Eversource Energy (ES)vs › | $25.59B | 9.91x | 10.34x | 12.10x | 12.86x |
| Talen Energy Corporation (TLN)vs › | $13.25B | 33.36x | 38.06x | 30.77x | 30.77x |
At 11.8, EV/EBITDA is above its estimated 20-year median — higher than 69% 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
5.1
median
10.8
estimated 20-year high
27.8
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 | 11.95x |
| 2026-09-10 | 11.95x |
| 2026-09-09 | 11.99x |
| 2026-09-08 | 12.02x |
| 2026-09-04 | 11.94x |
| 2026-09-03 | 11.98x |
| 2026-09-02 | 11.91x |
| 2026-09-01 | 11.88x |
| 2026-08-31 | 11.87x |
| 2026-08-28 | 11.82x |
| 2026-08-27 | 11.88x |
| 2026-08-26 | 11.90x |
| 2026-08-25 | 11.83x |
| 2026-08-24 | 11.86x |
| 2026-08-21 | 11.82x |
| 2026-08-20 | 11.98x |
| 2026-08-19 | 11.98x |
| 2026-08-18 | 12.05x |
| 2026-08-17 | 12.09x |
| 2026-08-14 | 12.11x |
| 2026-08-13 | 12.05x |
| 2026-08-12 | 12.03x |
| 2026-08-11 | 12.04x |
| 2026-08-10 | 12.00x |
| 2026-08-07 | 12.13x |
| 2026-08-06 | 12.25x |
| 2026-08-05 | 12.07x |
| 2026-08-04 | 12.33x |
| 2026-08-03 | 12.33x |
| 2026-07-31 | 12.31x |
| 2026-07-30 | 12.41x |
| 2026-07-29 | 12.37x |
| 2026-07-28 | 12.51x |
| 2026-07-27 | 12.52x |
| 2026-07-24 | 12.66x |
| 2026-07-23 | 12.67x |
| 2026-07-22 | 12.64x |
| 2026-07-21 | 12.46x |
| 2026-07-20 | 12.46x |
| 2026-07-17 | 12.55x |
| 2026-07-16 | 12.60x |
| 2026-07-15 | 12.51x |
| 2026-07-14 | 12.65x |
| 2026-07-13 | 12.72x |
| 2026-07-10 | 12.69x |
| 2026-07-09 | 12.66x |
| 2026-07-08 | 12.69x |
| 2026-07-07 | 12.79x |
| 2026-07-06 | 12.72x |
| 2026-07-02 | 12.84x |
| 2026-07-01 | 12.69x |
| 2026-06-30 | 12.79x |
| 2026-06-29 | 12.89x |
| 2026-06-26 | 13.03x |
| 2026-06-25 | 12.84x |
| 2026-06-24 | 12.81x |
| 2026-06-23 | 12.75x |
| 2026-06-22 | 12.81x |
| 2026-06-18 | 12.75x |
| 2026-06-17 | 12.67x |
| 2026-06-16 | 12.82x |
| 2026-06-15 | 12.78x |
| 2026-06-12 | 12.74x |
| 2026-06-11 | 12.65x |
| 2026-06-10 | 12.65x |
| 2026-06-09 | 12.61x |
| 2026-06-08 | 12.53x |
| 2026-06-05 | 12.65x |
| 2026-06-04 | 12.53x |
| 2026-06-03 | 12.48x |
| 2026-06-02 | 12.53x |
| 2026-06-01 | 12.41x |
| 2026-05-29 | 12.59x |
| 2026-05-28 | 12.67x |
| 2026-05-27 | 12.78x |
| 2026-05-26 | 12.83x |
| 2026-05-22 | 12.84x |
| 2026-05-21 | 12.82x |
| 2026-05-20 | 12.71x |
| 2026-05-19 | 12.77x |
| 2026-05-18 | 12.64x |
| 2026-05-15 | 12.60x |
| 2026-05-14 | 12.77x |
| 2026-05-13 | 12.72x |
| 2026-05-12 | 12.74x |
| 2026-05-11 | 12.71x |
| 2026-05-08 | 12.67x |
| 2026-05-07 | 12.71x |
| 2026-05-06 | 12.87x |
| 2026-05-05 | 12.98x |
| 2026-05-04 | 12.96x |
| 2026-05-01 | 12.96x |
| 2026-04-30 | 12.99x |
| 2026-04-29 | 12.98x |
| 2026-04-28 | 13.03x |
| 2026-04-27 | 12.98x |
| 2026-04-24 | 12.95x |
| 2026-04-23 | 13.00x |
| 2026-04-22 | 12.77x |
| 2026-04-21 | 12.78x |
| 2026-04-20 | 12.91x |
| 2026-04-17 | 13.00x |
| 2026-04-16 | 12.91x |
| 2026-04-15 | 12.85x |
| 2026-04-14 | 12.83x |
| 2026-04-13 | 12.82x |
| 2026-04-10 | 12.96x |
| 2026-04-09 | 13.02x |
| 2026-04-08 | 12.97x |
| 2026-04-07 | 12.89x |
| 2026-04-06 | 12.81x |
| 2026-04-02 | 12.87x |
| 2026-04-01 | 12.78x |
| 2026-03-31 | 12.74x |
| 2026-03-30 | 12.71x |
| 2026-03-27 | 12.63x |
| 2026-03-26 | 12.54x |
| 2026-03-25 | 12.58x |
| 2026-03-24 | 12.58x |
| 2026-03-23 | 12.55x |
| 2026-03-20 | 12.48x |
| 2026-03-19 | 12.74x |
| 2026-03-18 | 12.73x |
| 2026-03-17 | 12.83x |
| 2026-03-16 | 12.87x |
| 2026-03-13 | 12.85x |
| 2026-03-12 | 12.74x |
| 2026-03-11 | 12.67x |
| 2026-03-10 | 12.72x |
| 2026-03-09 | 12.80x |
| 2026-03-06 | 12.71x |
| 2026-03-05 | 12.80x |
| 2026-03-04 | 12.88x |
| 2026-03-03 | 12.75x |
| 2026-03-02 | 12.80x |
| 2026-02-27 | 12.84x |
| 2026-02-26 | 12.74x |
| 2026-02-25 | 12.72x |
| 2026-02-24 | 12.70x |
| 2026-02-23 | 12.66x |
| 2026-02-20 | 12.69x |
| 2026-02-19 | 12.60x |
| 2026-02-18 | 12.52x |
| 2026-02-17 | 12.75x |
| 2026-02-13 | 12.69x |
| 2026-02-12 | 12.50x |
| 2026-02-11 | 12.84x |
| 2026-02-10 | 12.85x |
| 2026-02-09 | 12.80x |
| 2026-02-06 | 12.74x |
| 2026-02-05 | 12.72x |
| 2026-02-04 | 12.73x |
| 2026-02-03 | 12.72x |
| 2026-02-02 | 12.73x |
| 2026-01-30 | 12.77x |
| 2026-01-29 | 12.83x |
| 2026-01-28 | 12.78x |
| 2026-01-27 | 12.79x |
| 2026-01-26 | 12.71x |
| 2026-01-23 | 12.63x |
| 2026-01-22 | 12.65x |
| 2026-01-21 | 12.69x |
| 2026-01-20 | 12.63x |
| 2026-01-16 | 12.72x |
| 2026-01-15 | 12.65x |
| 2026-01-14 | 12.61x |
| 2026-01-13 | 12.47x |
| 2026-01-12 | 12.46x |
| 2026-01-09 | 12.40x |
| 2026-01-08 | 12.32x |
| 2026-01-07 | 12.32x |
| 2026-01-06 | 12.38x |
| 2026-01-05 | 12.33x |
| 2026-01-02 | 12.42x |
| 2025-12-31 | 12.36x |
| 2025-12-30 | 12.40x |
| 2025-12-29 | 12.38x |
| 2025-12-26 | 12.35x |
| 2025-12-24 | 12.38x |
| 2025-12-23 | 12.33x |
| 2025-12-22 | 12.31x |
| 2025-12-19 | 12.23x |
| 2025-12-18 | 12.32x |
| 2025-12-17 | 12.27x |
| 2025-12-16 | 12.30x |
| 2025-12-15 | 12.37x |
| 2025-12-12 | 12.30x |
| 2025-12-11 | 12.35x |
| 2025-12-10 | 12.29x |
| 2025-12-09 | 12.30x |
| 2025-12-08 | 12.28x |
| 2025-12-05 | 12.40x |
| 2025-12-04 | 12.38x |
| 2025-12-03 | 12.38x |
| 2025-12-02 | 12.44x |
| 2025-12-01 | 12.56x |
| 2025-11-28 | 12.75x |
| 2025-11-26 | 12.69x |
| 2025-11-25 | 12.58x |
| 2025-11-24 | 12.63x |
| 2025-11-21 | 12.53x |
| 2025-11-20 | 12.46x |
| 2025-11-19 | 12.51x |
| 2025-11-18 | 12.57x |
| 2025-11-17 | 12.59x |
| 2025-11-14 | 12.54x |
| 2025-11-13 | 12.56x |
| 2025-11-12 | 12.67x |
| 2025-11-11 | 12.72x |
| 2025-11-10 | 12.68x |
| 2025-11-07 | 12.65x |
| 2025-11-06 | 12.53x |
| 2025-11-05 | 12.54x |
| 2025-11-04 | 12.54x |
| 2025-11-03 | 12.49x |
| 2025-10-31 | 12.41x |
| 2025-10-30 | 12.42x |
| 2025-10-29 | 12.90x |
| 2025-10-28 | 13.05x |
| 2025-10-27 | 13.11x |
| 2025-10-24 | 13.10x |
| 2025-10-23 | 13.14x |
| 2025-10-22 | 13.18x |
| 2025-10-21 | 13.11x |
| 2025-10-20 | 13.13x |
| 2025-10-17 | 13.03x |
| 2025-10-16 | 13.03x |
| 2025-10-15 | 13.08x |
| 2025-10-14 | 12.98x |
| 2025-10-13 | 12.94x |
| 2025-10-10 | 12.96x |
| 2025-10-09 | 12.98x |
| 2025-10-08 | 13.14x |
| 2025-10-07 | 13.09x |
| 2025-10-06 | 13.19x |
| 2025-10-03 | 13.13x |
| 2025-10-02 | 13.01x |
| 2025-10-01 | 13.00x |
| 2025-09-30 | 13.04x |
| 2025-09-29 | 13.02x |
| 2025-09-26 | 12.91x |
| 2025-09-25 | 12.79x |
| 2025-09-24 | 12.88x |
| 2025-09-23 | 12.74x |
| 2025-09-22 | 12.70x |
| 2025-09-19 | 12.53x |
| 2025-09-18 | 12.50x |
| 2025-09-17 | 12.41x |
| 2025-09-16 | 12.36x |
| 2025-09-15 | 12.57x |
| 2025-09-12 | 12.65x |
| 2025-09-11 | 12.67x |
| 2025-09-10 | 12.60x |
| 2025-09-09 | 12.56x |
| 2025-09-08 | 12.51x |
| 2025-09-05 | 12.53x |
| 2025-09-04 | 12.44x |
| 2025-09-03 | 12.78x |
| 2025-09-02 | 12.84x |
| 2025-08-29 | 12.86x |
Showing the most recent 260 of 5,029 data points. The chart above shows the full history.
