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 18.78x is 20% above its estimated 5-year average of 15.66x, near the high end of its estimated 5-year range (10.99x–21.07x).
As of 2026-09-26T00:16:02.700Z. 2.38% above its estimated 12-month average of 18.34x.
Calculation as of: 2026-09-26T00:16:02.700Z.
Quote observation: 2026-09-25T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: c4ea309e73facf3de3e3e8cf19563d19590b23cee26059f43a849c29030fc612
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
18.78x
EV/EBITDA RATIO AVG TTM
18.34x
EV/EBITDA RATIO AVG 3Y
17.17x
EV/EBITDA RATIO AVG 5Y
15.66x
EV/EBITDA RATIO AVG 10Y
14.74x
EV/EBITDA RATIO AVG 15Y
14.13x
EV/EBITDA RATIO AVG 20Y
13.34x
CURRENT VS TTM AVG
+2.38%
CURRENT VS 3Y AVG
+9.37%
CURRENT VS 5Y AVG
+19.92%
CURRENT VS 10Y AVG
+27.45%
CURRENT VS 15Y AVG
+32.94%
CURRENT VS 20Y AVG
+40.81%
SECTOR MEDIAN · CONSUMER DEFENSIVE
11.98x
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
+56.76%
vs the sector median at left
Philip Morris International Inc.
Market Cap
$296.88B
EV/EBITDA Ratio
18.78x
TTM Avg
18.34x
3Y Avg
17.17x
5Y Avg
15.66x
Market Cap
$347.60B
EV/EBITDA Ratio
16.27x
TTM Avg
16.60x
3Y Avg
18.42x
5Y Avg
18.83x
Market Cap
$377.81B
EV/EBITDA Ratio
25.71x
TTM Avg
23.83x
3Y Avg
25.66x
5Y Avg
25.18x
Market Cap
$409.23B
EV/EBITDA Ratio
28.90x
TTM Avg
31.37x
3Y Avg
32.23x
5Y Avg
28.97x
Market Cap
$119.99B
EV/EBITDA Ratio
N/A
TTM Avg
17.58x
3Y Avg
18.14x
5Y Avg
18.12x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Philip Morris International Inc. (PM) | $296.88B | 18.78x | 18.34x | 17.17x | 15.66x |
| The Procter & Gamble Company (PG)vs › | $347.60B | 16.27x | 16.60x | 18.42x | 18.83x |
| Nestlé S.A. (NSRGY)vs › | $239.60B | N/A | N/A | N/A | N/A |
| The Coca-Cola Company (KO)vs › | $377.81B | 25.71x | 23.83x | 25.66x | 25.18x |
| Costco Wholesale Corporation (COST)vs › | $409.23B | 28.90x | 31.37x | 32.23x | 28.97x |
| PepsiCo, Inc. (PEP)vs › | $175.71B | 11.60x | 14.40x | 15.73x | 16.78x |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $153.62B | N/A | N/A | N/A | N/A |
| British American Tobacco p.l.c. (BTI)vs › | $119.99B | N/A | 17.58x | 18.14x | 18.12x |
| Altria Group, Inc. (MO)vs › | $114.89B | 11.01x | 10.69x | 9.85x | 9.56x |
| Monster Beverage Corporation (MNST)vs › | $84.32B | 28.42x | 30.95x | 28.23x | 28.39x |
At 18.8, EV/EBITDA is above its estimated 18-year median — higher than 94% of readings in its estimated 18-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 18-year low
7.3
median
12.8
estimated 18-year high
152.2
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 |
|---|---|
| 2026-09-11 | 18.87x |
| 2026-09-10 | 18.76x |
| 2026-09-09 | 18.41x |
| 2026-09-08 | 18.32x |
| 2026-09-04 | 18.13x |
| 2026-09-03 | 18.45x |
| 2026-09-02 | 18.60x |
| 2026-09-01 | 18.53x |
| 2026-08-31 | 18.55x |
| 2026-08-28 | 18.94x |
| 2026-08-27 | 18.82x |
| 2026-08-26 | 19.13x |
| 2026-08-25 | 19.12x |
| 2026-08-24 | 18.90x |
| 2026-08-21 | 18.63x |
| 2026-08-20 | 18.91x |
| 2026-08-19 | 18.77x |
| 2026-08-18 | 18.57x |
| 2026-08-17 | 18.31x |
| 2026-08-14 | 18.81x |
| 2026-08-13 | 18.68x |
| 2026-08-12 | 18.45x |
| 2026-08-11 | 18.45x |
| 2026-08-10 | 18.43x |
| 2026-08-07 | 18.74x |
| 2026-08-06 | 18.61x |
| 2026-08-05 | 18.69x |
| 2026-08-04 | 18.51x |
| 2026-08-03 | 18.56x |
| 2026-07-31 | 18.85x |
| 2026-07-30 | 18.95x |
| 2026-07-29 | 19.51x |
| 2026-07-28 | 19.66x |
| 2026-07-27 | 19.27x |
| 2026-07-24 | 20.11x |
| 2026-07-23 | 19.94x |
| 2026-07-22 | 20.23x |
| 2026-07-21 | 19.67x |
| 2026-07-20 | 20.09x |
| 2026-07-17 | 20.11x |
| 2026-07-16 | 19.83x |
| 2026-07-15 | 19.02x |
| 2026-07-14 | 18.57x |
| 2026-07-13 | 18.96x |
| 2026-07-10 | 19.09x |
| 2026-07-09 | 19.05x |
| 2026-07-08 | 19.58x |
| 2026-07-07 | 19.64x |
| 2026-07-06 | 19.37x |
| 2026-07-02 | 19.14x |
| 2026-07-01 | 18.73x |
| 2026-06-30 | 19.02x |
| 2026-06-29 | 19.20x |
| 2026-06-26 | 19.01x |
| 2026-06-25 | 18.84x |
| 2026-06-24 | 18.83x |
| 2026-06-23 | 18.82x |
| 2026-06-22 | 18.32x |
| 2026-06-18 | 18.80x |
| 2026-06-17 | 18.89x |
| 2026-06-16 | 19.31x |
| 2026-06-15 | 19.10x |
| 2026-06-12 | 19.33x |
| 2026-06-11 | 19.01x |
| 2026-06-10 | 19.21x |
| 2026-06-09 | 18.80x |
| 2026-06-08 | 18.58x |
| 2026-06-05 | 18.79x |
| 2026-06-04 | 18.49x |
| 2026-06-03 | 18.57x |
| 2026-06-02 | 18.37x |
| 2026-06-01 | 18.28x |
| 2026-05-29 | 18.70x |
| 2026-05-28 | 18.81x |
| 2026-05-27 | 19.12x |
| 2026-05-26 | 19.08x |
| 2026-05-22 | 19.75x |
| 2026-05-21 | 19.70x |
| 2026-05-20 | 19.72x |
| 2026-05-19 | 19.98x |
| 2026-05-18 | 19.98x |
| 2026-05-15 | 19.81x |
| 2026-05-14 | 20.01x |
| 2026-05-13 | 19.65x |
| 2026-05-12 | 19.57x |
| 2026-05-11 | 19.13x |
| 2026-05-08 | 18.13x |
| 2026-05-07 | 18.14x |
| 2026-05-06 | 18.08x |
| 2026-05-05 | 17.99x |
| 2026-05-04 | 17.96x |
| 2026-05-01 | 17.71x |
| 2026-04-30 | 17.59x |
| 2026-04-29 | 17.38x |
| 2026-04-28 | 17.67x |
| 2026-04-27 | 17.21x |
| 2026-04-24 | 17.71x |
| 2026-04-23 | 18.17x |
| 2026-04-22 | 17.69x |
| 2026-04-21 | 16.70x |
| 2026-04-20 | 17.10x |
| 2026-04-17 | 17.12x |
| 2026-04-16 | 16.98x |
| 2026-04-15 | 17.06x |
| 2026-04-14 | 17.27x |
| 2026-04-13 | 17.58x |
| 2026-04-10 | 17.36x |
| 2026-04-09 | 17.44x |
| 2026-04-08 | 17.41x |
| 2026-04-07 | 17.09x |
| 2026-04-06 | 17.35x |
| 2026-04-02 | 17.15x |
| 2026-04-01 | 17.08x |
| 2026-03-31 | 17.81x |
| 2026-03-30 | 17.77x |
| 2026-03-27 | 17.65x |
| 2026-03-26 | 17.55x |
| 2026-03-25 | 17.83x |
| 2026-03-24 | 17.68x |
| 2026-03-23 | 17.62x |
| 2026-03-20 | 17.61x |
| 2026-03-19 | 17.63x |
| 2026-03-18 | 17.89x |
| 2026-03-17 | 18.50x |
| 2026-03-16 | 18.68x |
| 2026-03-13 | 18.67x |
| 2026-03-12 | 18.43x |
| 2026-03-11 | 17.95x |
| 2026-03-10 | 18.51x |
| 2026-03-09 | 18.54x |
| 2026-03-06 | 18.24x |
| 2026-03-05 | 18.21x |
| 2026-03-04 | 19.07x |
| 2026-03-03 | 18.97x |
| 2026-03-02 | 19.51x |
| 2026-02-27 | 19.79x |
| 2026-02-26 | 19.85x |
| 2026-02-25 | 20.06x |
| 2026-02-24 | 19.81x |
| 2026-02-23 | 19.83x |
| 2026-02-20 | 19.48x |
| 2026-02-19 | 19.48x |
| 2026-02-18 | 19.41x |
| 2026-02-17 | 19.50x |
| 2026-02-13 | 19.85x |
| 2026-02-12 | 19.99x |
| 2026-02-11 | 19.74x |
| 2026-02-10 | 19.41x |
| 2026-02-09 | 19.33x |
| 2026-02-06 | 19.73x |
| 2026-02-05 | 19.65x |
| 2026-02-04 | 19.50x |
| 2026-02-03 | 19.19x |
| 2026-02-02 | 19.46x |
| 2026-01-30 | 19.42x |
| 2026-01-29 | 19.27x |
| 2026-01-28 | 19.34x |
| 2026-01-27 | 19.36x |
| 2026-01-26 | 19.07x |
| 2026-01-23 | 18.82x |
| 2026-01-22 | 18.54x |
| 2026-01-21 | 18.43x |
| 2026-01-20 | 18.28x |
| 2026-01-16 | 18.87x |
| 2026-01-15 | 18.78x |
| 2026-01-14 | 18.64x |
| 2026-01-13 | 18.15x |
| 2026-01-12 | 18.09x |
| 2026-01-09 | 17.85x |
| 2026-01-08 | 17.50x |
| 2026-01-07 | 17.16x |
| 2026-01-06 | 17.16x |
| 2026-01-05 | 17.60x |
| 2026-01-02 | 17.64x |
| 2025-12-31 | 17.65x |
| 2025-12-30 | 17.79x |
| 2025-12-29 | 17.79x |
| 2025-12-26 | 17.71x |
| 2025-12-24 | 17.85x |
| 2025-12-23 | 17.80x |
| 2025-12-22 | 17.58x |
| 2025-12-19 | 17.32x |
| 2025-12-18 | 17.36x |
| 2025-12-17 | 17.48x |
| 2025-12-16 | 17.42x |
| 2025-12-15 | 17.46x |
| 2025-12-12 | 17.02x |
| 2025-12-11 | 16.77x |
| 2025-12-10 | 16.66x |
| 2025-12-09 | 16.71x |
| 2025-12-08 | 16.52x |
| 2025-12-05 | 16.48x |
| 2025-12-04 | 16.55x |
| 2025-12-03 | 16.84x |
| 2025-12-02 | 17.11x |
| 2025-12-01 | 17.25x |
| 2025-11-28 | 17.38x |
| 2025-11-26 | 17.28x |
| 2025-11-25 | 17.37x |
| 2025-11-24 | 16.78x |
| 2025-11-21 | 17.17x |
| 2025-11-20 | 17.21x |
| 2025-11-19 | 17.20x |
| 2025-11-18 | 17.22x |
| 2025-11-17 | 16.94x |
| 2025-11-14 | 17.18x |
| 2025-11-13 | 17.16x |
| 2025-11-12 | 17.20x |
| 2025-11-11 | 17.31x |
| 2025-11-10 | 17.15x |
| 2025-11-07 | 17.00x |
| 2025-11-06 | 16.67x |
| 2025-11-05 | 16.53x |
| 2025-11-04 | 16.46x |
| 2025-11-03 | 16.18x |
| 2025-10-31 | 16.15x |
| 2025-10-30 | 16.29x |
| 2025-10-29 | 16.38x |
| 2025-10-28 | 16.66x |
| 2025-10-27 | 16.98x |
| 2025-10-24 | 18.13x |
| 2025-10-23 | 18.14x |
| 2025-10-22 | 18.06x |
| 2025-10-21 | 17.59x |
| 2025-10-20 | 18.17x |
| 2025-10-17 | 18.17x |
| 2025-10-16 | 17.97x |
| 2025-10-15 | 18.14x |
| 2025-10-14 | 18.27x |
| 2025-10-13 | 18.31x |
| 2025-10-10 | 18.41x |
| 2025-10-09 | 18.06x |
| 2025-10-08 | 17.90x |
| 2025-10-07 | 17.83x |
| 2025-10-06 | 17.74x |
| 2025-10-03 | 17.71x |
| 2025-10-02 | 18.16x |
| 2025-10-01 | 18.44x |
| 2025-09-30 | 18.57x |
| 2025-09-29 | 18.65x |
| 2025-09-26 | 18.83x |
| 2025-09-25 | 18.75x |
| 2025-09-24 | 18.65x |
| 2025-09-23 | 18.72x |
| 2025-09-22 | 18.55x |
| 2025-09-19 | 18.64x |
| 2025-09-18 | 18.53x |
| 2025-09-17 | 18.97x |
| 2025-09-16 | 18.65x |
| 2025-09-15 | 18.52x |
| 2025-09-12 | 18.95x |
| 2025-09-11 | 19.12x |
| 2025-09-10 | 18.87x |
| 2025-09-09 | 18.82x |
| 2025-09-08 | 18.62x |
| 2025-09-05 | 18.51x |
| 2025-09-04 | 18.47x |
| 2025-09-03 | 18.67x |
| 2025-09-02 | 19.07x |
| 2025-08-29 | 19.05x |
Showing the most recent 260 of 4,478 data points. The chart above shows the full history.
