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 16.88x is 18% above its 5-year average of 14.27x, near the high end of its 5-year range (10.27x–19.21x).
As of Wednesday, July 29, 2026. 12.86% above its 12-month average of 14.96x.
EV/EBITDA RATIO
16.88x
EV/EBITDA RATIO AVG TTM
14.96x
EV/EBITDA RATIO AVG 3Y
15.11x
EV/EBITDA RATIO AVG 5Y
14.27x
EV/EBITDA RATIO AVG 10Y
13.19x
EV/EBITDA RATIO AVG 15Y
11.54x
EV/EBITDA RATIO AVG 20Y
10.64x
CURRENT VS TTM AVG
+12.86%
CURRENT VS 3Y AVG
+11.75%
CURRENT VS 5Y AVG
+18.30%
CURRENT VS 10Y AVG
+28.01%
CURRENT VS 15Y AVG
+46.26%
CURRENT VS 20Y AVG
+58.71%
SECTOR MEDIAN · INDUSTRIALS
18.90x
median of 122 covered companies
CURRENT VS SECTOR MEDIAN
-10.69%
vs the sector median at left
Norfolk Southern Corporation
Market Cap
$76.11B
EV/EBITDA Ratio
16.88x
TTM Avg
14.96x
3Y Avg
15.11x
5Y Avg
14.27x
Market Cap
$78.02B
EV/EBITDA Ratio
16.69x
TTM Avg
17.61x
3Y Avg
18.51x
5Y Avg
17.17x
Market Cap
$78.30B
EV/EBITDA Ratio
16.30x
TTM Avg
11.36x
3Y Avg
10.38x
5Y Avg
10.51x
Market Cap
$78.57B
EV/EBITDA Ratio
15.50x
TTM Avg
13.20x
3Y Avg
13.78x
5Y Avg
14.51x
Market Cap
$73.16B
EV/EBITDA Ratio
21.86x
TTM Avg
22.41x
3Y Avg
23.96x
5Y Avg
24.09x
Market Cap
$81.41B
EV/EBITDA Ratio
16.55x
TTM Avg
15.87x
3Y Avg
18.21x
5Y Avg
20.74x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Norfolk Southern Corporation (NSC) | $76.11B | 16.88x | 14.96x | 15.11x | 14.27x |
| Northrop Grumman Corporation (NOC)vs › | $78.02B | 16.69x | 17.61x | 18.51x | 17.17x |
| FedEx Corporation (FDX)vs › | $73.96B | 9.77x | 9.00x | 8.45x | 8.19x |
| Honeywell International Inc. (HON)vs › | $78.30B | 16.30x | 11.36x | 10.38x | 10.51x |
| Canadian National Railway Company (CNI)vs › | $78.57B | 15.50x | 13.20x | 13.78x | 14.51x |
| TransDigm Group Incorporated (TDG)vs › | $73.16B | 21.86x | 22.41x | 23.96x | 24.09x |
| PACCAR Inc (PCAR)vs › | $72.74B | 22.15x | 16.35x | 11.98x | 11.61x |
| Canadian Pacific Kansas City Ltd. (CP)vs › | $81.41B | 16.55x | 15.87x | 18.21x | 20.74x |
| Honeywell Aerospace Inc (HONA)vs › | $68.43B | N/A | N/A | N/A | N/A |
| United Rentals, Inc. (URI)vs › | $67.92B | 14.12x | 11.14x | 9.36x | 8.65x |
At 16.9, EV/EBITDA is richer than usual, sitting higher than 95% of its 20-year history.
20-year low
4.1
median
9.6
20-year high
19.2
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 |
|---|---|
| 2026-07-22 | 16.88x |
| 2026-07-21 | 16.90x |
| 2026-07-20 | 17.05x |
| 2026-07-17 | 17.27x |
| 2026-07-16 | 17.18x |
| 2026-07-15 | 16.78x |
| 2026-07-14 | 16.71x |
| 2026-07-13 | 16.74x |
| 2026-07-10 | 16.74x |
| 2026-07-09 | 16.58x |
| 2026-07-08 | 16.39x |
| 2026-07-07 | 16.54x |
| 2026-07-06 | 16.50x |
| 2026-07-02 | 16.54x |
| 2026-07-01 | 16.38x |
| 2026-06-30 | 16.19x |
| 2026-06-29 | 16.28x |
| 2026-06-26 | 16.12x |
| 2026-06-25 | 16.09x |
| 2026-06-24 | 15.74x |
| 2026-06-23 | 15.72x |
| 2026-06-22 | 15.76x |
| 2026-06-18 | 15.58x |
| 2026-06-17 | 15.60x |
| 2026-06-16 | 16.04x |
| 2026-06-15 | 16.01x |
| 2026-06-12 | 16.17x |
| 2026-06-11 | 16.02x |
| 2026-06-10 | 15.96x |
| 2026-06-09 | 16.10x |
| 2026-06-08 | 16.00x |
| 2026-06-05 | 16.15x |
| 2026-06-04 | 15.88x |
| 2026-06-03 | 15.80x |
| 2026-06-02 | 15.90x |
| 2026-06-01 | 15.80x |
| 2026-05-29 | 15.79x |
| 2026-05-28 | 15.91x |
| 2026-05-27 | 16.66x |
| 2026-05-26 | 16.43x |
| 2026-05-22 | 16.19x |
| 2026-05-21 | 16.06x |
| 2026-05-20 | 16.08x |
| 2026-05-19 | 16.35x |
| 2026-05-18 | 16.43x |
| 2026-05-15 | 16.25x |
| 2026-05-14 | 16.32x |
| 2026-05-13 | 16.03x |
| 2026-05-12 | 16.10x |
| 2026-05-11 | 16.05x |
| 2026-05-08 | 16.09x |
| 2026-05-07 | 16.14x |
| 2026-05-06 | 16.31x |
| 2026-05-05 | 16.15x |
| 2026-05-04 | 16.07x |
| 2026-05-01 | 16.25x |
| 2026-04-30 | 16.25x |
| 2026-04-29 | 16.09x |
| 2026-04-28 | 16.28x |
| 2026-04-27 | 16.38x |
| 2026-04-24 | 16.41x |
| 2026-04-23 | 16.26x |
| 2026-04-22 | 15.30x |
| 2026-04-21 | 15.46x |
| 2026-04-20 | 15.54x |
| 2026-04-17 | 15.47x |
| 2026-04-16 | 15.48x |
| 2026-04-15 | 15.27x |
| 2026-04-14 | 15.35x |
| 2026-04-13 | 15.27x |
| 2026-04-10 | 15.21x |
| 2026-04-09 | 15.17x |
| 2026-04-08 | 15.12x |
| 2026-04-07 | 14.89x |
| 2026-04-06 | 14.87x |
| 2026-04-02 | 14.87x |
| 2026-04-01 | 14.83x |
| 2026-03-31 | 14.83x |
| 2026-03-30 | 14.63x |
| 2026-03-27 | 14.67x |
| 2026-03-26 | 14.67x |
| 2026-03-25 | 14.64x |
| 2026-03-24 | 14.69x |
| 2026-03-23 | 14.74x |
| 2026-03-20 | 14.58x |
| 2026-03-19 | 14.46x |
| 2026-03-18 | 14.72x |
| 2026-03-17 | 15.01x |
| 2026-03-16 | 14.98x |
| 2026-03-13 | 14.92x |
| 2026-03-12 | 15.00x |
| 2026-03-11 | 15.27x |
| 2026-03-10 | 15.30x |
| 2026-03-09 | 15.47x |
| 2026-03-06 | 15.49x |
| 2026-03-05 | 15.82x |
| 2026-03-04 | 16.11x |
| 2026-03-03 | 16.09x |
| 2026-03-02 | 16.09x |
| 2026-02-27 | 15.98x |
| 2026-02-26 | 15.91x |
| 2026-02-25 | 15.86x |
| 2026-02-24 | 16.04x |
| 2026-02-23 | 15.99x |
| 2026-02-20 | 16.04x |
| 2026-02-19 | 15.95x |
| 2026-02-18 | 16.06x |
| 2026-02-17 | 16.04x |
| 2026-02-13 | 15.99x |
| 2026-02-12 | 15.97x |
| 2026-02-11 | 16.09x |
| 2026-02-10 | 16.01x |
| 2026-02-09 | 15.61x |
| 2026-02-06 | 15.24x |
| 2026-02-05 | 15.26x |
| 2026-02-04 | 15.26x |
| 2026-02-03 | 14.91x |
| 2026-02-02 | 14.63x |
| 2026-01-30 | 14.62x |
| 2026-01-29 | 14.58x |
| 2026-01-28 | 14.35x |
| 2026-01-27 | 14.53x |
| 2026-01-26 | 14.50x |
| 2026-01-23 | 14.47x |
| 2026-01-22 | 14.54x |
| 2026-01-21 | 14.54x |
| 2026-01-20 | 14.18x |
| 2026-01-16 | 14.60x |
| 2026-01-15 | 14.61x |
| 2026-01-14 | 14.43x |
| 2026-01-13 | 14.50x |
| 2026-01-12 | 14.52x |
| 2026-01-09 | 14.46x |
| 2026-01-08 | 14.56x |
| 2026-01-07 | 14.33x |
| 2026-01-06 | 14.62x |
| 2026-01-05 | 14.49x |
| 2026-01-02 | 14.49x |
| 2025-12-31 | 14.52x |
| 2025-12-30 | 14.58x |
| 2025-12-29 | 14.66x |
| 2025-12-26 | 14.61x |
| 2025-12-24 | 14.68x |
| 2025-12-23 | 14.65x |
| 2025-12-22 | 14.64x |
| 2025-12-19 | 14.63x |
| 2025-12-18 | 14.65x |
| 2025-12-17 | 14.75x |
| 2025-12-16 | 14.74x |
| 2025-12-15 | 14.96x |
| 2025-12-12 | 14.86x |
| 2025-12-11 | 14.74x |
| 2025-12-10 | 14.75x |
| 2025-12-09 | 14.56x |
| 2025-12-08 | 14.70x |
| 2025-12-05 | 14.74x |
| 2025-12-04 | 14.78x |
| 2025-12-03 | 14.74x |
| 2025-12-02 | 14.65x |
| 2025-12-01 | 14.57x |
| 2025-11-28 | 14.66x |
| 2025-11-26 | 14.58x |
| 2025-11-25 | 14.54x |
| 2025-11-24 | 14.29x |
| 2025-11-21 | 14.42x |
| 2025-11-20 | 14.18x |
| 2025-11-19 | 14.24x |
| 2025-11-18 | 14.20x |
| 2025-11-17 | 14.23x |
| 2025-11-14 | 14.33x |
| 2025-11-13 | 14.31x |
| 2025-11-12 | 14.43x |
| 2025-11-11 | 14.48x |
| 2025-11-10 | 14.45x |
| 2025-11-07 | 14.34x |
| 2025-11-06 | 14.25x |
| 2025-11-05 | 14.20x |
| 2025-11-04 | 14.32x |
| 2025-11-03 | 14.26x |
| 2025-10-31 | 14.31x |
| 2025-10-30 | 14.23x |
| 2025-10-29 | 14.15x |
| 2025-10-28 | 14.19x |
| 2025-10-27 | 14.24x |
| 2025-10-24 | 14.19x |
| 2025-10-23 | 14.32x |
| 2025-10-22 | 14.05x |
| 2025-10-21 | 14.10x |
| 2025-10-20 | 14.15x |
| 2025-10-17 | 14.10x |
| 2025-10-16 | 14.05x |
| 2025-10-15 | 14.10x |
| 2025-10-14 | 14.12x |
| 2025-10-13 | 14.09x |
| 2025-10-10 | 14.04x |
| 2025-10-09 | 14.30x |
| 2025-10-08 | 14.37x |
| 2025-10-07 | 14.34x |
| 2025-10-06 | 14.48x |
| 2025-10-03 | 14.50x |
| 2025-10-02 | 14.43x |
| 2025-10-01 | 14.45x |
| 2025-09-30 | 14.51x |
| 2025-09-29 | 14.48x |
| 2025-09-26 | 14.40x |
| 2025-09-25 | 14.29x |
| 2025-09-24 | 14.24x |
| 2025-09-23 | 14.19x |
| 2025-09-22 | 14.13x |
| 2025-09-19 | 13.86x |
| 2025-09-18 | 13.82x |
| 2025-09-17 | 13.64x |
| 2025-09-16 | 13.64x |
| 2025-09-15 | 13.61x |
| 2025-09-12 | 13.51x |
| 2025-09-11 | 13.48x |
| 2025-09-10 | 13.42x |
| 2025-09-09 | 13.46x |
| 2025-09-08 | 13.54x |
| 2025-09-05 | 13.63x |
| 2025-09-04 | 13.71x |
| 2025-09-03 | 13.65x |
| 2025-09-02 | 13.65x |
| 2025-08-29 | 13.72x |
| 2025-08-28 | 13.63x |
| 2025-08-27 | 13.42x |
| 2025-08-26 | 13.59x |
| 2025-08-25 | 13.61x |
| 2025-08-22 | 13.90x |
| 2025-08-21 | 13.89x |
| 2025-08-20 | 13.93x |
| 2025-08-19 | 13.93x |
| 2025-08-18 | 13.71x |
| 2025-08-15 | 13.75x |
| 2025-08-14 | 13.81x |
| 2025-08-13 | 13.79x |
| 2025-08-12 | 13.65x |
| 2025-08-11 | 13.65x |
| 2025-08-08 | 13.72x |
| 2025-08-07 | 13.74x |
| 2025-08-06 | 13.83x |
| 2025-08-05 | 13.71x |
| 2025-08-04 | 13.64x |
| 2025-08-01 | 13.52x |
| 2025-07-31 | 13.64x |
| 2025-07-30 | 13.68x |
| 2025-07-29 | 13.63x |
| 2025-07-28 | 14.10x |
| 2025-07-25 | 13.94x |
| 2025-07-24 | 13.76x |
| 2025-07-23 | 13.85x |
| 2025-07-22 | 13.85x |
| 2025-07-21 | 13.74x |
| 2025-07-18 | 13.71x |
| 2025-07-17 | 13.44x |
| 2025-07-16 | 13.07x |
| 2025-07-15 | 13.04x |
| 2025-07-14 | 13.17x |
| 2025-07-11 | 13.31x |
| 2025-07-10 | 13.18x |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
