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 9.81x is 65% above its estimated 5-year average of 5.96x, near the high end of its estimated 5-year range (2.70x–10.44x).
As of 2026-09-30T14:56:16.355Z. 8.26% above its estimated 12-month average of 9.06x.
Calculation as of: 2026-09-30T14:56:16.355Z.
Quote observation: 2026-09-30T14:45:38.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e1f6e987d3e45530df71228493813865cec58b62c3bc3828f3c89856113b9b76
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
9.81x
EV/EBITDA RATIO AVG TTM
9.06x
EV/EBITDA RATIO AVG 3Y
6.85x
EV/EBITDA RATIO AVG 5Y
5.96x
EV/EBITDA RATIO AVG 10Y
5.58x
EV/EBITDA RATIO AVG 15Y
6.37x
EV/EBITDA RATIO AVG 20Y
8.19x
CURRENT VS TTM AVG
+8.26%
CURRENT VS 3Y AVG
+43.22%
CURRENT VS 5Y AVG
+64.54%
CURRENT VS 10Y AVG
+75.85%
CURRENT VS 15Y AVG
+54.10%
CURRENT VS 20Y AVG
+19.80%
SECTOR MEDIAN · ENERGY
9.03x
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
+8.70%
vs the sector median at left
Natural Resource Partners L.P.
Market Cap
$1.45B
EV/EBITDA Ratio
9.81x
TTM Avg
9.06x
3Y Avg
6.85x
5Y Avg
5.96x
Market Cap
$1.37B
EV/EBITDA Ratio
7.40x
TTM Avg
8.12x
3Y Avg
8.52x
5Y Avg
8.66x
Market Cap
$1.97B
EV/EBITDA Ratio
N/A
TTM Avg
30.11x
3Y Avg
59.87x
5Y Avg
52.31x
Market Cap
$616.07M
EV/EBITDA Ratio
10.80x
TTM Avg
39.94x
3Y Avg
22.66x
5Y Avg
54.63x
Market Cap
$2.70B
EV/EBITDA Ratio
118.14x
TTM Avg
76.46x
3Y Avg
38.65x
5Y Avg
26.67x
Market Cap
$3.70B
EV/EBITDA Ratio
5.50x
TTM Avg
7.55x
3Y Avg
5.72x
5Y Avg
13.08x
Market Cap
$4.36B
EV/EBITDA Ratio
11.23x
TTM Avg
9.09x
3Y Avg
9.01x
5Y Avg
9.36x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Natural Resource Partners L.P. (NRP) | $1.45B | 9.81x | 9.06x | 6.85x | 5.96x |
| Dorchester Minerals, L.P. (DMLP)vs › | $1.37B | 7.40x | 8.12x | 8.52x | 8.66x |
| SolarEdge Technologies, Inc. (SEDG)vs › | $1.97B | N/A | 30.11x | 59.87x | 52.31x |
| Array Technologies, Inc. (ARRY)vs › | $616.07M | 10.80x | 39.94x | 22.66x | 54.63x |
| Star Group, L.P. (SGU)vs › | $418.30M | 4.50x | 4.96x | 6.36x | 6.51x |
| enCore Energy Corp. (EU)vs › | $222.10M | N/A | 1.86x | 1.10x | 1.10x |
| Centrus Energy Corp. (LEU)vs › | $2.70B | 118.14x | 76.46x | 38.65x | 26.67x |
| Helmerich & Payne, Inc. (HP)vs › | $3.70B | 5.50x | 7.55x | 5.72x | 13.08x |
| Oceaneering International, Inc. (OII)vs › | $4.36B | 11.23x | 9.09x | 9.01x | 9.36x |
| Enphase Energy, Inc. (ENPH)vs › | $4.44B | 23.87x | 26.58x | 45.77x | 63.73x |
At 9.8, 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
2.5
median
7.2
estimated 20-year high
20.3
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 | 10.00x |
| 2026-09-10 | 9.92x |
| 2026-09-09 | 10.05x |
| 2026-09-08 | 10.19x |
| 2026-09-04 | 10.23x |
| 2026-09-03 | 10.20x |
| 2026-09-02 | 10.12x |
| 2026-09-01 | 10.09x |
| 2026-08-31 | 10.13x |
| 2026-08-28 | 10.14x |
| 2026-08-27 | 9.93x |
| 2026-08-26 | 9.88x |
| 2026-08-25 | 9.79x |
| 2026-08-24 | 9.65x |
| 2026-08-21 | 9.48x |
| 2026-08-20 | 9.40x |
| 2026-08-19 | 9.43x |
| 2026-08-18 | 9.25x |
| 2026-08-17 | 9.35x |
| 2026-08-14 | 9.41x |
| 2026-08-13 | 9.25x |
| 2026-08-12 | 9.27x |
| 2026-08-11 | 9.31x |
| 2026-08-10 | 9.46x |
| 2026-08-07 | 9.62x |
| 2026-08-06 | 9.44x |
| 2026-08-05 | 9.55x |
| 2026-08-04 | 8.83x |
| 2026-08-03 | 8.79x |
| 2026-07-31 | 8.93x |
| 2026-07-30 | 8.99x |
| 2026-07-29 | 9.01x |
| 2026-07-28 | 9.06x |
| 2026-07-27 | 8.96x |
| 2026-07-24 | 8.93x |
| 2026-07-23 | 8.87x |
| 2026-07-22 | 8.86x |
| 2026-07-21 | 8.82x |
| 2026-07-20 | 8.75x |
| 2026-07-17 | 8.79x |
| 2026-07-16 | 8.91x |
| 2026-07-15 | 8.92x |
| 2026-07-14 | 8.97x |
| 2026-07-13 | 9.09x |
| 2026-07-10 | 9.02x |
| 2026-07-09 | 9.13x |
| 2026-07-08 | 9.00x |
| 2026-07-07 | 8.91x |
| 2026-07-06 | 8.92x |
| 2026-07-02 | 9.03x |
| 2026-07-01 | 9.03x |
| 2026-06-30 | 8.84x |
| 2026-06-29 | 9.06x |
| 2026-06-26 | 9.20x |
| 2026-06-25 | 9.09x |
| 2026-06-24 | 9.11x |
| 2026-06-23 | 9.14x |
| 2026-06-22 | 9.15x |
| 2026-06-18 | 9.18x |
| 2026-06-17 | 9.13x |
| 2026-06-16 | 9.15x |
| 2026-06-15 | 9.30x |
| 2026-06-12 | 9.46x |
| 2026-06-11 | 9.58x |
| 2026-06-10 | 9.55x |
| 2026-06-09 | 9.44x |
| 2026-06-08 | 9.51x |
| 2026-06-05 | 9.60x |
| 2026-06-04 | 9.64x |
| 2026-06-03 | 9.64x |
| 2026-06-02 | 9.93x |
| 2026-06-01 | 9.73x |
| 2026-05-29 | 9.46x |
| 2026-05-28 | 9.60x |
| 2026-05-27 | 9.53x |
| 2026-05-26 | 9.52x |
| 2026-05-22 | 9.27x |
| 2026-05-21 | 9.35x |
| 2026-05-20 | 9.33x |
| 2026-05-19 | 9.33x |
| 2026-05-18 | 9.68x |
| 2026-05-15 | 9.72x |
| 2026-05-14 | 9.75x |
| 2026-05-13 | 9.74x |
| 2026-05-12 | 9.82x |
| 2026-05-11 | 10.01x |
| 2026-05-08 | 10.13x |
| 2026-05-07 | 10.29x |
| 2026-05-06 | 9.60x |
| 2026-05-05 | 9.82x |
| 2026-05-04 | 9.88x |
| 2026-05-01 | 9.89x |
| 2026-04-30 | 9.84x |
| 2026-04-29 | 9.74x |
| 2026-04-28 | 9.75x |
| 2026-04-27 | 9.74x |
| 2026-04-24 | 9.59x |
| 2026-04-23 | 9.58x |
| 2026-04-22 | 9.66x |
| 2026-04-21 | 9.64x |
| 2026-04-20 | 9.61x |
| 2026-04-17 | 9.51x |
| 2026-04-16 | 9.69x |
| 2026-04-15 | 9.72x |
| 2026-04-14 | 9.65x |
| 2026-04-13 | 9.85x |
| 2026-04-10 | 9.95x |
| 2026-04-09 | 9.95x |
| 2026-04-08 | 10.06x |
| 2026-04-07 | 10.16x |
| 2026-04-06 | 10.16x |
| 2026-04-02 | 10.20x |
| 2026-04-01 | 9.98x |
| 2026-03-31 | 10.08x |
| 2026-03-30 | 10.21x |
| 2026-03-27 | 10.37x |
| 2026-03-26 | 10.41x |
| 2026-03-25 | 10.41x |
| 2026-03-24 | 10.44x |
| 2026-03-23 | 10.12x |
| 2026-03-20 | 10.22x |
| 2026-03-19 | 10.23x |
| 2026-03-18 | 9.82x |
| 2026-03-17 | 9.85x |
| 2026-03-16 | 9.72x |
| 2026-03-13 | 9.83x |
| 2026-03-12 | 9.94x |
| 2026-03-11 | 9.94x |
| 2026-03-10 | 9.83x |
| 2026-03-09 | 10.03x |
| 2026-03-06 | 9.80x |
| 2026-03-05 | 9.96x |
| 2026-03-04 | 9.95x |
| 2026-03-03 | 10.10x |
| 2026-03-02 | 9.93x |
| 2026-02-27 | 9.52x |
| 2026-02-26 | 9.71x |
| 2026-02-25 | 9.70x |
| 2026-02-24 | 9.71x |
| 2026-02-23 | 9.82x |
| 2026-02-20 | 9.69x |
| 2026-02-19 | 9.69x |
| 2026-02-18 | 9.69x |
| 2026-02-17 | 9.76x |
| 2026-02-13 | 9.86x |
| 2026-02-12 | 9.71x |
| 2026-02-11 | 9.73x |
| 2026-02-10 | 9.70x |
| 2026-02-09 | 9.67x |
| 2026-02-06 | 9.47x |
| 2026-02-05 | 9.35x |
| 2026-02-04 | 9.30x |
| 2026-02-03 | 9.31x |
| 2026-02-02 | 9.02x |
| 2026-01-30 | 8.94x |
| 2026-01-29 | 9.05x |
| 2026-01-28 | 9.00x |
| 2026-01-27 | 8.98x |
| 2026-01-26 | 8.99x |
| 2026-01-23 | 9.12x |
| 2026-01-22 | 9.32x |
| 2026-01-21 | 9.40x |
| 2026-01-20 | 9.36x |
| 2026-01-16 | 9.36x |
| 2026-01-15 | 9.24x |
| 2026-01-14 | 9.15x |
| 2026-01-13 | 8.99x |
| 2026-01-12 | 8.77x |
| 2026-01-09 | 8.62x |
| 2026-01-08 | 8.28x |
| 2026-01-07 | 8.23x |
| 2026-01-06 | 8.29x |
| 2026-01-05 | 8.35x |
| 2026-01-02 | 8.21x |
| 2025-12-31 | 8.24x |
| 2025-12-30 | 8.15x |
| 2025-12-29 | 8.04x |
| 2025-12-26 | 8.13x |
| 2025-12-24 | 8.16x |
| 2025-12-23 | 8.21x |
| 2025-12-22 | 8.20x |
| 2025-12-19 | 8.12x |
| 2025-12-18 | 8.06x |
| 2025-12-17 | 8.06x |
| 2025-12-16 | 8.07x |
| 2025-12-15 | 8.12x |
| 2025-12-12 | 8.24x |
| 2025-12-11 | 8.21x |
| 2025-12-10 | 8.17x |
| 2025-12-09 | 8.20x |
| 2025-12-08 | 8.23x |
| 2025-12-05 | 8.26x |
| 2025-12-04 | 8.28x |
| 2025-12-03 | 8.36x |
| 2025-12-02 | 8.29x |
| 2025-12-01 | 8.25x |
| 2025-11-28 | 8.30x |
| 2025-11-26 | 8.31x |
| 2025-11-25 | 8.21x |
| 2025-11-24 | 8.22x |
| 2025-11-21 | 8.07x |
| 2025-11-20 | 8.05x |
| 2025-11-19 | 8.08x |
| 2025-11-18 | 8.13x |
| 2025-11-17 | 8.19x |
| 2025-11-14 | 8.19x |
| 2025-11-13 | 8.18x |
| 2025-11-12 | 8.30x |
| 2025-11-11 | 8.29x |
| 2025-11-10 | 8.31x |
| 2025-11-07 | 8.33x |
| 2025-11-06 | 8.22x |
| 2025-11-05 | 8.28x |
| 2025-11-04 | 7.86x |
| 2025-11-03 | 7.97x |
| 2025-10-31 | 7.88x |
| 2025-10-30 | 7.86x |
| 2025-10-29 | 7.67x |
| 2025-10-28 | 7.80x |
| 2025-10-27 | 7.87x |
| 2025-10-24 | 7.89x |
| 2025-10-23 | 7.75x |
| 2025-10-22 | 8.02x |
| 2025-10-21 | 7.93x |
| 2025-10-20 | 8.02x |
| 2025-10-17 | 7.90x |
| 2025-10-16 | 7.97x |
| 2025-10-15 | 8.05x |
| 2025-10-14 | 8.13x |
| 2025-10-13 | 8.06x |
| 2025-10-10 | 8.13x |
| 2025-10-09 | 8.16x |
| 2025-10-08 | 8.24x |
| 2025-10-07 | 8.15x |
| 2025-10-06 | 8.13x |
| 2025-10-03 | 8.20x |
| 2025-10-02 | 8.13x |
| 2025-10-01 | 8.06x |
| 2025-09-30 | 7.98x |
| 2025-09-29 | 7.87x |
| 2025-09-26 | 7.91x |
| 2025-09-25 | 7.85x |
| 2025-09-24 | 7.85x |
| 2025-09-23 | 7.80x |
| 2025-09-22 | 7.76x |
| 2025-09-19 | 7.75x |
| 2025-09-18 | 7.75x |
| 2025-09-17 | 7.79x |
| 2025-09-16 | 7.84x |
| 2025-09-15 | 7.77x |
| 2025-09-12 | 7.75x |
| 2025-09-11 | 7.82x |
| 2025-09-10 | 7.83x |
| 2025-09-09 | 7.74x |
| 2025-09-08 | 7.71x |
| 2025-09-05 | 7.80x |
| 2025-09-04 | 7.91x |
| 2025-09-03 | 7.89x |
| 2025-09-02 | 7.88x |
| 2025-08-29 | 7.88x |
Showing the most recent 260 of 4,646 data points. The chart above shows the full history.
