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 12.05x is 27% below its estimated 5-year average of 16.45x, near the low end of its estimated 5-year range (12.05x–25.28x).
As of 2026-09-15T14:06:41.372Z. 16.34% below its estimated 12-month average of 14.40x.
Calculation as of: 2026-09-15T14:06:41.372Z.
Quote observation: 2026-09-15T14:05:22.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: fb1a93be2bbeb08494fe6b6d5156143016ca8c975adf8eb8875831b1d05db16a
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
12.05x
EV/EBITDA RATIO AVG TTM
14.40x
EV/EBITDA RATIO AVG 3Y
15.73x
EV/EBITDA RATIO AVG 5Y
16.45x
EV/EBITDA RATIO AVG 10Y
16.39x
EV/EBITDA RATIO AVG 15Y
15.24x
EV/EBITDA RATIO AVG 20Y
14.55x
CURRENT VS TTM AVG
-16.34%
CURRENT VS 3Y AVG
-23.39%
CURRENT VS 5Y AVG
-26.73%
CURRENT VS 10Y AVG
-26.48%
CURRENT VS 15Y AVG
-20.92%
CURRENT VS 20Y AVG
-17.19%
SECTOR MEDIAN · CONSUMER DEFENSIVE
12.26x
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-1.71%
vs the sector median at left
Market Cap
$121.99B
EV/EBITDA Ratio
N/A
TTM Avg
17.58x
3Y Avg
18.14x
5Y Avg
18.12x
Market Cap
$115.29B
EV/EBITDA Ratio
11.04x
TTM Avg
10.69x
3Y Avg
9.85x
5Y Avg
9.56x
Market Cap
$86.56B
EV/EBITDA Ratio
29.19x
TTM Avg
30.95x
3Y Avg
28.23x
5Y Avg
28.39x
Market Cap
$78.86B
EV/EBITDA Ratio
16.77x
TTM Avg
18.08x
3Y Avg
16.93x
5Y Avg
18.36x
Market Cap
$69.38B
EV/EBITDA Ratio
15.21x
TTM Avg
15.32x
3Y Avg
16.07x
5Y Avg
16.17x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| PepsiCo, Inc. (PEP) | $184.16B | 12.05x | 14.40x | 15.73x | 16.45x |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $156.34B | N/A | N/A | N/A | N/A |
| Nestlé S.A. (NSRGY)vs › | $244.54B | N/A | N/A | N/A | N/A |
| British American Tobacco p.l.c. (BTI)vs › | $121.99B | N/A | 17.58x | 18.14x | 18.12x |
| Altria Group, Inc. (MO)vs › | $115.29B | 11.04x | 10.69x | 9.85x | 9.56x |
| Monster Beverage Corporation (MNST)vs › | $86.56B | 29.19x | 30.95x | 28.23x | 28.39x |
| Mondelez International, Inc. (MDLZ)vs › | $78.86B | 16.77x | 18.08x | 16.93x | 18.36x |
| Target Corporation (TGT)vs › | $71.07B | 9.17x | 8.33x | 8.85x | 9.77x |
| Colgate-Palmolive Company (CL)vs › | $69.38B | 15.21x | 15.32x | 16.07x | 16.17x |
| Philip Morris International Inc. (PM)vs › | $299.02B | 18.89x | 18.34x | 17.17x | 15.66x |
At 12.1, EV/EBITDA is below its estimated 20-year median — higher than 20% 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
9.2
median
14.5
estimated 20-year high
25.3
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 | 12.18x |
| 2026-09-10 | 12.20x |
| 2026-09-09 | 12.20x |
| 2026-09-08 | 12.33x |
| 2026-09-04 | 12.27x |
| 2026-09-03 | 12.45x |
| 2026-09-02 | 12.48x |
| 2026-09-01 | 12.43x |
| 2026-08-31 | 12.47x |
| 2026-08-28 | 12.52x |
| 2026-08-27 | 12.42x |
| 2026-08-26 | 12.60x |
| 2026-08-25 | 12.61x |
| 2026-08-24 | 12.78x |
| 2026-08-21 | 12.70x |
| 2026-08-20 | 12.60x |
| 2026-08-19 | 12.63x |
| 2026-08-18 | 12.45x |
| 2026-08-17 | 12.32x |
| 2026-08-14 | 12.50x |
| 2026-08-13 | 12.49x |
| 2026-08-12 | 12.35x |
| 2026-08-11 | 12.33x |
| 2026-08-10 | 12.28x |
| 2026-08-07 | 12.37x |
| 2026-08-06 | 12.33x |
| 2026-08-05 | 12.36x |
| 2026-08-04 | 12.38x |
| 2026-08-03 | 12.42x |
| 2026-07-31 | 12.41x |
| 2026-07-30 | 12.46x |
| 2026-07-29 | 12.70x |
| 2026-07-28 | 12.65x |
| 2026-07-27 | 12.43x |
| 2026-07-24 | 12.20x |
| 2026-07-23 | 12.08x |
| 2026-07-22 | 12.13x |
| 2026-07-21 | 12.08x |
| 2026-07-20 | 12.12x |
| 2026-07-17 | 12.24x |
| 2026-07-16 | 12.40x |
| 2026-07-15 | 12.11x |
| 2026-07-14 | 12.11x |
| 2026-07-13 | 12.34x |
| 2026-07-10 | 12.25x |
| 2026-07-09 | 12.29x |
| 2026-07-08 | 13.85x |
| 2026-07-07 | 14.05x |
| 2026-07-06 | 13.91x |
| 2026-07-02 | 13.98x |
| 2026-07-01 | 13.74x |
| 2026-06-30 | 13.28x |
| 2026-06-29 | 13.54x |
| 2026-06-26 | 13.76x |
| 2026-06-25 | 13.61x |
| 2026-06-24 | 13.83x |
| 2026-06-23 | 13.81x |
| 2026-06-22 | 13.70x |
| 2026-06-18 | 13.81x |
| 2026-06-17 | 13.77x |
| 2026-06-16 | 14.14x |
| 2026-06-15 | 14.15x |
| 2026-06-12 | 13.99x |
| 2026-06-11 | 13.95x |
| 2026-06-10 | 13.99x |
| 2026-06-09 | 13.87x |
| 2026-06-08 | 13.70x |
| 2026-06-05 | 13.80x |
| 2026-06-04 | 13.82x |
| 2026-06-03 | 13.85x |
| 2026-06-02 | 13.81x |
| 2026-06-01 | 13.77x |
| 2026-05-29 | 13.98x |
| 2026-05-28 | 14.15x |
| 2026-05-27 | 14.27x |
| 2026-05-26 | 14.10x |
| 2026-05-22 | 14.49x |
| 2026-05-21 | 14.35x |
| 2026-05-20 | 14.39x |
| 2026-05-19 | 14.48x |
| 2026-05-18 | 14.37x |
| 2026-05-15 | 14.38x |
| 2026-05-14 | 14.34x |
| 2026-05-13 | 14.39x |
| 2026-05-12 | 14.59x |
| 2026-05-11 | 14.40x |
| 2026-05-08 | 14.82x |
| 2026-05-07 | 14.95x |
| 2026-05-06 | 14.92x |
| 2026-05-05 | 14.85x |
| 2026-05-04 | 14.81x |
| 2026-05-01 | 15.04x |
| 2026-04-30 | 15.12x |
| 2026-04-29 | 14.87x |
| 2026-04-28 | 14.95x |
| 2026-04-27 | 14.77x |
| 2026-04-24 | 14.88x |
| 2026-04-23 | 14.90x |
| 2026-04-22 | 14.75x |
| 2026-04-21 | 14.84x |
| 2026-04-20 | 15.01x |
| 2026-04-17 | 15.06x |
| 2026-04-16 | 15.12x |
| 2026-04-15 | 15.29x |
| 2026-04-14 | 15.36x |
| 2026-04-13 | 15.37x |
| 2026-04-10 | 15.47x |
| 2026-04-09 | 15.51x |
| 2026-04-08 | 15.28x |
| 2026-04-07 | 15.15x |
| 2026-04-06 | 15.44x |
| 2026-04-02 | 15.47x |
| 2026-04-01 | 15.27x |
| 2026-03-31 | 15.32x |
| 2026-03-30 | 15.45x |
| 2026-03-27 | 15.14x |
| 2026-03-26 | 14.95x |
| 2026-03-25 | 15.03x |
| 2026-03-24 | 14.93x |
| 2026-03-23 | 14.96x |
| 2026-03-20 | 14.89x |
| 2026-03-19 | 15.11x |
| 2026-03-18 | 15.18x |
| 2026-03-17 | 15.42x |
| 2026-03-16 | 15.53x |
| 2026-03-13 | 15.70x |
| 2026-03-12 | 15.62x |
| 2026-03-11 | 15.73x |
| 2026-03-10 | 15.78x |
| 2026-03-09 | 15.84x |
| 2026-03-06 | 15.67x |
| 2026-03-05 | 15.77x |
| 2026-03-04 | 16.04x |
| 2026-03-03 | 16.12x |
| 2026-03-02 | 16.32x |
| 2026-02-27 | 16.52x |
| 2026-02-26 | 16.34x |
| 2026-02-25 | 16.47x |
| 2026-02-24 | 16.50x |
| 2026-02-23 | 16.40x |
| 2026-02-20 | 16.12x |
| 2026-02-19 | 16.09x |
| 2026-02-18 | 16.08x |
| 2026-02-17 | 15.87x |
| 2026-02-13 | 16.21x |
| 2026-02-12 | 16.31x |
| 2026-02-11 | 16.47x |
| 2026-02-10 | 16.29x |
| 2026-02-09 | 16.25x |
| 2026-02-06 | 16.58x |
| 2026-02-05 | 16.34x |
| 2026-02-04 | 16.23x |
| 2026-02-03 | 15.95x |
| 2026-02-02 | 15.60x |
| 2026-01-30 | 15.47x |
| 2026-01-29 | 15.05x |
| 2026-01-28 | 15.04x |
| 2026-01-27 | 15.06x |
| 2026-01-26 | 14.82x |
| 2026-01-23 | 14.71x |
| 2026-01-22 | 14.69x |
| 2026-01-21 | 14.89x |
| 2026-01-20 | 14.97x |
| 2026-01-16 | 14.85x |
| 2026-01-15 | 14.87x |
| 2026-01-14 | 14.82x |
| 2026-01-13 | 14.62x |
| 2026-01-12 | 14.44x |
| 2026-01-09 | 14.32x |
| 2026-01-08 | 14.27x |
| 2026-01-07 | 14.07x |
| 2026-01-06 | 14.24x |
| 2026-01-05 | 14.32x |
| 2026-01-02 | 14.51x |
| 2025-12-31 | 14.62x |
| 2025-12-30 | 14.67x |
| 2025-12-29 | 14.68x |
| 2025-12-26 | 14.64x |
| 2025-12-24 | 14.64x |
| 2025-12-23 | 14.63x |
| 2025-12-22 | 14.91x |
| 2025-12-19 | 15.01x |
| 2025-12-18 | 15.11x |
| 2025-12-17 | 15.17x |
| 2025-12-16 | 15.19x |
| 2025-12-15 | 15.26x |
| 2025-12-12 | 15.22x |
| 2025-12-11 | 15.08x |
| 2025-12-10 | 15.14x |
| 2025-12-09 | 14.71x |
| 2025-12-08 | 14.80x |
| 2025-12-05 | 14.74x |
| 2025-12-04 | 14.90x |
| 2025-12-03 | 15.00x |
| 2025-12-02 | 15.04x |
| 2025-12-01 | 15.12x |
| 2025-11-28 | 15.06x |
| 2025-11-26 | 14.99x |
| 2025-11-25 | 14.84x |
| 2025-11-24 | 14.78x |
| 2025-11-21 | 14.85x |
| 2025-11-20 | 14.83x |
| 2025-11-19 | 14.92x |
| 2025-11-18 | 15.06x |
| 2025-11-17 | 14.98x |
| 2025-11-14 | 14.81x |
| 2025-11-13 | 14.74x |
| 2025-11-12 | 14.69x |
| 2025-11-11 | 14.75x |
| 2025-11-10 | 14.54x |
| 2025-11-07 | 14.57x |
| 2025-11-06 | 14.46x |
| 2025-11-05 | 14.56x |
| 2025-11-04 | 14.57x |
| 2025-11-03 | 14.63x |
| 2025-10-31 | 14.83x |
| 2025-10-30 | 14.96x |
| 2025-10-29 | 14.84x |
| 2025-10-28 | 15.17x |
| 2025-10-27 | 15.38x |
| 2025-10-24 | 15.29x |
| 2025-10-23 | 15.29x |
| 2025-10-22 | 15.41x |
| 2025-10-21 | 15.43x |
| 2025-10-20 | 15.47x |
| 2025-10-17 | 15.47x |
| 2025-10-16 | 15.38x |
| 2025-10-15 | 15.26x |
| 2025-10-14 | 15.29x |
| 2025-10-13 | 15.07x |
| 2025-10-10 | 15.17x |
| 2025-10-09 | 14.72x |
| 2025-10-08 | 13.91x |
| 2025-10-07 | 14.07x |
| 2025-10-06 | 13.98x |
| 2025-10-03 | 14.17x |
| 2025-10-02 | 14.20x |
| 2025-10-01 | 14.26x |
| 2025-09-30 | 14.04x |
| 2025-09-29 | 14.02x |
| 2025-09-26 | 14.04x |
| 2025-09-25 | 14.00x |
| 2025-09-24 | 14.18x |
| 2025-09-23 | 14.16x |
| 2025-09-22 | 14.09x |
| 2025-09-19 | 14.15x |
| 2025-09-18 | 14.07x |
| 2025-09-17 | 14.11x |
| 2025-09-16 | 14.01x |
| 2025-09-15 | 14.06x |
| 2025-09-12 | 14.30x |
| 2025-09-11 | 14.36x |
| 2025-09-10 | 14.23x |
| 2025-09-09 | 14.26x |
| 2025-09-08 | 14.15x |
| 2025-09-05 | 14.53x |
| 2025-09-04 | 14.58x |
| 2025-09-03 | 14.72x |
| 2025-09-02 | 14.86x |
| 2025-08-29 | 14.72x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
