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 31.72x is 396% above its estimated 5-year average of 6.40x, near the high end of its estimated 5-year range (2.54x–42.59x).
As of 2026-10-06T22:28:49.394Z. 48.78% above its estimated 12-month average of 21.32x.
Calculation as of: 2026-10-06T22:28:49.394Z.
Quote observation: 2026-10-06T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: c248331342e5667d3ec2d21638f9760097d02bcbfb26d303c50d3d8ff5dd5466
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 2026-10-05.
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
31.72x
EV/EBITDA RATIO AVG TTM
21.32x
EV/EBITDA RATIO AVG 3Y
4.97x
EV/EBITDA RATIO AVG 5Y
6.40x
EV/EBITDA RATIO AVG 10Y
N/A
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+48.78%
CURRENT VS 3Y AVG
+537.98%
CURRENT VS 5Y AVG
+395.55%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · INDUSTRIALS
15.31x
median of 268 covered companies
CURRENT VS SECTOR MEDIAN
+107.18%
vs the sector median at left
Target Hospitality Corp.
Market Cap
$1.85B
EV/EBITDA Ratio
31.72x
TTM Avg
21.32x
3Y Avg
4.97x
5Y Avg
6.40x
Market Cap
$1.84B
EV/EBITDA Ratio
12.23x
TTM Avg
13.81x
3Y Avg
15.91x
5Y Avg
18.35x
Market Cap
$1.97B
EV/EBITDA Ratio
9.00x
TTM Avg
8.34x
3Y Avg
7.32x
5Y Avg
6.62x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Target Hospitality Corp. (TH) | $1.85B | 31.72x | 21.32x | 4.97x | 6.40x |
| Enerpac Tool Group Corp. (EPAC)vs › | $1.84B | 12.23x | 13.81x | 15.91x | 18.35x |
| Midera Food Processing, Inc. (MFP)vs › | $1.89B | N/A | N/A | N/A | N/A |
| ADARx Pharmaceuticals, Inc. (ADRX)vs › | $1.90B | N/A | N/A | N/A | N/A |
| Cimpress plc (CMPR)vs › | $1.78B | 8.01x | 9.06x | 9.45x | 11.56x |
| Neutron Holdings, Inc. (LIME)vs › | $1.75B | N/A | N/A | N/A | N/A |
| Werner Enterprises, Inc. (WERN)vs › | $1.97B | 9.00x | 8.34x | 7.32x | 6.62x |
| Hub Group, Inc. (HUBG)vs › | $1.71B | 6.61x | 8.97x | 8.20x | 7.39x |
| Allient Inc. (ALNT)vs › | $1.99B | 28.64x | 19.97x | 14.15x | 14.15x |
| Arxis, Inc. Class A Common Stock (ARXS)vs › | $2.00B | N/A | N/A | N/A | N/A |
At 31.7, EV/EBITDA is above its estimated 9-year median — higher than 94% of readings in its estimated 9-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 9-year low
2.5
median
8.0
estimated 9-year high
42.6
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 |
|---|---|
| 2026-10-05 | 32.56x |
| 2026-10-02 | 32.44x |
| 2026-10-01 | 35.26x |
| 2026-09-30 | 33.95x |
| 2026-09-29 | 33.20x |
| 2026-09-28 | 33.23x |
| 2026-09-25 | 35.43x |
| 2026-09-24 | 36.93x |
| 2026-09-23 | 36.50x |
| 2026-09-22 | 36.48x |
| 2026-09-21 | 36.64x |
| 2026-09-18 | 36.48x |
| 2026-09-17 | 35.74x |
| 2026-09-16 | 32.30x |
| 2026-09-15 | 32.28x |
| 2026-09-14 | 31.94x |
| 2026-09-11 | 33.14x |
| 2026-09-10 | 32.92x |
| 2026-09-09 | 33.06x |
| 2026-09-08 | 34.86x |
| 2026-09-04 | 33.61x |
| 2026-09-03 | 31.92x |
| 2026-09-02 | 31.67x |
| 2026-09-01 | 31.11x |
| 2026-08-31 | 31.89x |
| 2026-08-28 | 31.94x |
| 2026-08-27 | 32.65x |
| 2026-08-26 | 28.90x |
| 2026-08-25 | 29.95x |
| 2026-08-24 | 30.70x |
| 2026-08-21 | 30.74x |
| 2026-08-20 | 30.36x |
| 2026-08-19 | 29.34x |
| 2026-08-18 | 30.08x |
| 2026-08-17 | 31.11x |
| 2026-08-14 | 30.03x |
| 2026-08-13 | 28.02x |
| 2026-08-12 | 27.80x |
| 2026-08-11 | 28.62x |
| 2026-08-10 | 33.50x |
| 2026-08-07 | 34.40x |
| 2026-08-06 | 33.36x |
| 2026-08-05 | 32.87x |
| 2026-08-04 | 33.34x |
| 2026-08-03 | 32.93x |
| 2026-07-31 | 31.72x |
| 2026-07-30 | 30.30x |
| 2026-07-29 | 30.01x |
| 2026-07-28 | 30.87x |
| 2026-07-27 | 33.56x |
| 2026-07-24 | 33.66x |
| 2026-07-23 | 34.05x |
| 2026-07-22 | 34.81x |
| 2026-07-21 | 35.03x |
| 2026-07-20 | 34.15x |
| 2026-07-17 | 34.09x |
| 2026-07-16 | 35.13x |
| 2026-07-15 | 35.50x |
| 2026-07-14 | 36.05x |
| 2026-07-13 | 34.87x |
| 2026-07-10 | 37.36x |
| 2026-07-09 | 38.34x |
| 2026-07-08 | 37.91x |
| 2026-07-07 | 37.38x |
| 2026-07-06 | 36.91x |
| 2026-07-02 | 38.40x |
| 2026-07-01 | 40.98x |
| 2026-06-30 | 42.26x |
| 2026-06-29 | 42.43x |
| 2026-06-26 | 42.08x |
| 2026-06-25 | 41.91x |
| 2026-06-24 | 41.55x |
| 2026-06-23 | 42.59x |
| 2026-06-22 | 41.81x |
| 2026-06-18 | 41.85x |
| 2026-06-17 | 40.26x |
| 2026-06-16 | 39.53x |
| 2026-06-15 | 39.30x |
| 2026-06-12 | 38.26x |
| 2026-06-11 | 36.77x |
| 2026-06-10 | 35.48x |
| 2026-06-09 | 34.26x |
| 2026-06-08 | 34.81x |
| 2026-06-05 | 33.58x |
| 2026-06-04 | 35.01x |
| 2026-06-03 | 35.52x |
| 2026-06-02 | 35.30x |
| 2026-06-01 | 35.75x |
| 2026-05-29 | 36.14x |
| 2026-05-28 | 35.85x |
| 2026-05-27 | 38.12x |
| 2026-05-26 | 38.16x |
| 2026-05-22 | 37.24x |
| 2026-05-21 | 37.89x |
| 2026-05-20 | 37.97x |
| 2026-05-19 | 38.26x |
| 2026-05-18 | 37.44x |
| 2026-05-15 | 38.79x |
| 2026-05-14 | 38.14x |
| 2026-05-13 | 36.42x |
| 2026-05-12 | 36.38x |
| 2026-05-11 | 31.25x |
| 2026-05-08 | 26.50x |
| 2026-05-07 | 26.43x |
| 2026-05-06 | 27.29x |
| 2026-05-05 | 27.05x |
| 2026-05-04 | 26.19x |
| 2026-05-01 | 25.38x |
| 2026-04-30 | 25.14x |
| 2026-04-29 | 24.53x |
| 2026-04-28 | 24.79x |
| 2026-04-27 | 24.72x |
| 2026-04-24 | 24.64x |
| 2026-04-23 | 24.20x |
| 2026-04-22 | 25.26x |
| 2026-04-21 | 27.48x |
| 2026-04-20 | 26.98x |
| 2026-04-17 | 25.65x |
| 2026-04-16 | 25.36x |
| 2026-04-15 | 25.67x |
| 2026-04-14 | 25.12x |
| 2026-04-13 | 24.96x |
| 2026-04-10 | 25.00x |
| 2026-04-09 | 25.76x |
| 2026-04-08 | 24.79x |
| 2026-04-07 | 23.74x |
| 2026-04-06 | 23.55x |
| 2026-04-02 | 24.00x |
| 2026-04-01 | 21.89x |
| 2026-03-31 | 16.06x |
| 2026-03-30 | 16.01x |
| 2026-03-27 | 16.63x |
| 2026-03-26 | 16.76x |
| 2026-03-25 | 16.73x |
| 2026-03-24 | 16.58x |
| 2026-03-23 | 16.01x |
| 2026-03-20 | 15.63x |
| 2026-03-19 | 15.75x |
| 2026-03-18 | 15.90x |
| 2026-03-17 | 16.25x |
| 2026-03-16 | 15.75x |
| 2026-03-13 | 16.11x |
| 2026-03-12 | 16.78x |
| 2026-03-11 | 10.18x |
| 2026-03-10 | 8.92x |
| 2026-03-09 | 8.83x |
| 2026-03-06 | 8.75x |
| 2026-03-05 | 8.84x |
| 2026-03-04 | 9.00x |
| 2026-03-03 | 8.51x |
| 2026-03-02 | 8.64x |
| 2026-02-27 | 8.70x |
| 2026-02-26 | 8.54x |
| 2026-02-25 | 7.89x |
| 2026-02-24 | 7.42x |
| 2026-02-23 | 7.28x |
| 2026-02-20 | 7.38x |
| 2026-02-19 | 7.79x |
| 2026-02-18 | 7.80x |
| 2026-02-17 | 7.93x |
| 2026-02-13 | 7.97x |
| 2026-02-12 | 7.89x |
| 2026-02-11 | 8.24x |
| 2026-02-10 | 8.24x |
| 2026-02-09 | 8.14x |
| 2026-02-06 | 8.11x |
| 2026-02-05 | 8.04x |
| 2026-02-04 | 8.03x |
| 2026-02-03 | 7.97x |
| 2026-02-02 | 7.85x |
| 2026-01-30 | 7.68x |
| 2026-01-29 | 7.56x |
| 2026-01-28 | 7.53x |
| 2026-01-27 | 7.73x |
| 2026-01-26 | 7.98x |
| 2026-01-23 | 8.25x |
| 2026-01-22 | 8.56x |
| 2026-01-21 | 8.56x |
| 2026-01-20 | 8.40x |
| 2026-01-16 | 8.48x |
| 2026-01-15 | 8.82x |
| 2026-01-14 | 8.98x |
| 2026-01-13 | 9.12x |
| 2026-01-12 | 9.23x |
| 2026-01-09 | 9.26x |
| 2026-01-08 | 8.94x |
| 2026-01-07 | 8.98x |
| 2026-01-06 | 8.99x |
| 2026-01-05 | 9.09x |
| 2026-01-02 | 9.06x |
| 2025-12-31 | 8.96x |
| 2025-12-30 | 9.07x |
| 2025-12-29 | 9.40x |
| 2025-12-26 | 9.49x |
| 2025-12-24 | 9.42x |
| 2025-12-23 | 9.32x |
| 2025-12-22 | 9.20x |
| 2025-12-19 | 9.05x |
| 2025-12-18 | 9.32x |
| 2025-12-17 | 9.37x |
| 2025-12-16 | 9.54x |
| 2025-12-15 | 9.61x |
| 2025-12-12 | 9.60x |
| 2025-12-11 | 9.80x |
| 2025-12-10 | 9.71x |
| 2025-12-09 | 9.63x |
| 2025-12-08 | 9.45x |
| 2025-12-05 | 9.22x |
| 2025-12-04 | 8.68x |
| 2025-12-03 | 8.67x |
| 2025-12-02 | 8.66x |
| 2025-12-01 | 8.86x |
| 2025-11-28 | 8.72x |
| 2025-11-26 | 8.58x |
| 2025-11-25 | 8.40x |
| 2025-11-24 | 8.06x |
| 2025-11-21 | 7.80x |
| 2025-11-20 | 7.70x |
| 2025-11-19 | 7.47x |
| 2025-11-18 | 7.22x |
| 2025-11-17 | 7.09x |
| 2025-11-14 | 6.99x |
| 2025-11-13 | 6.91x |
| 2025-11-12 | 7.07x |
| 2025-11-11 | 7.26x |
| 2025-11-10 | 7.42x |
| 2025-11-07 | 7.13x |
| 2025-11-06 | 6.07x |
| 2025-11-05 | 7.16x |
| 2025-11-04 | 6.86x |
| 2025-11-03 | 7.21x |
| 2025-10-31 | 7.13x |
| 2025-10-30 | 7.07x |
| 2025-10-29 | 6.83x |
| 2025-10-28 | 6.62x |
| 2025-10-27 | 6.73x |
| 2025-10-24 | 6.94x |
| 2025-10-23 | 6.71x |
| 2025-10-22 | 6.74x |
| 2025-10-21 | 6.81x |
| 2025-10-20 | 6.65x |
| 2025-10-17 | 6.51x |
| 2025-10-16 | 6.53x |
| 2025-10-15 | 6.74x |
| 2025-10-14 | 6.90x |
| 2025-10-13 | 6.91x |
| 2025-10-10 | 6.83x |
| 2025-10-09 | 7.06x |
| 2025-10-08 | 7.21x |
| 2025-10-07 | 7.12x |
| 2025-10-06 | 7.26x |
| 2025-10-03 | 7.33x |
| 2025-10-02 | 7.31x |
| 2025-10-01 | 7.49x |
| 2025-09-30 | 7.85x |
| 2025-09-29 | 8.00x |
| 2025-09-26 | 8.21x |
| 2025-09-25 | 8.17x |
| 2025-09-24 | 8.45x |
| 2025-09-23 | 7.99x |
Showing the most recent 260 of 2,154 data points. The chart above shows the full history.