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 12.00x is 37% above its estimated 5-year average of 8.73x, near the high end of its estimated 5-year range (5.99x–13.42x).
As of 2026-09-26T00:16:14.983Z. 5.63% above its estimated 12-month average of 11.36x.
Calculation as of: 2026-09-26T00:16:14.983Z.
Quote observation: 2026-09-25T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: d99ecd1970818e2751cf3cf390099a0720f72b324dacd24ab08fb060fa4286dc
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 2026-09-09.
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
12.00x
EV/EBITDA RATIO AVG TTM
11.36x
EV/EBITDA RATIO AVG 3Y
9.56x
EV/EBITDA RATIO AVG 5Y
8.73x
EV/EBITDA RATIO AVG 10Y
7.53x
EV/EBITDA RATIO AVG 15Y
7.47x
EV/EBITDA RATIO AVG 20Y
6.97x
CURRENT VS TTM AVG
+5.63%
CURRENT VS 3Y AVG
+25.53%
CURRENT VS 5Y AVG
+37.45%
CURRENT VS 10Y AVG
+59.31%
CURRENT VS 15Y AVG
+60.54%
CURRENT VS 20Y AVG
+72.14%
SECTOR MEDIAN · INDUSTRIALS
16.49x
median of 129 covered companies
CURRENT VS SECTOR MEDIAN
-27.23%
vs the sector median at left
United Rentals, Inc.
Market Cap
$65.17B
EV/EBITDA Ratio
12.00x
TTM Avg
11.36x
3Y Avg
9.56x
5Y Avg
8.73x
Market Cap
$65.26B
EV/EBITDA Ratio
13.58x
TTM Avg
15.20x
3Y Avg
15.90x
5Y Avg
15.52x
Market Cap
$67.37B
EV/EBITDA Ratio
14.54x
TTM Avg
12.26x
3Y Avg
10.66x
5Y Avg
10.56x
Market Cap
$62.43B
EV/EBITDA Ratio
18.74x
TTM Avg
21.83x
3Y Avg
23.83x
5Y Avg
23.87x
Market Cap
$70.30B
EV/EBITDA Ratio
15.99x
TTM Avg
15.44x
3Y Avg
15.31x
5Y Avg
14.32x
Market Cap
$58.69B
EV/EBITDA Ratio
20.29x
TTM Avg
19.98x
3Y Avg
18.45x
5Y Avg
17.13x
Market Cap
$58.38B
EV/EBITDA Ratio
28.28x
TTM Avg
31.63x
3Y Avg
22.97x
5Y Avg
19.75x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Rentals, Inc. (URI) | $65.17B | 12.00x | 11.36x | 9.56x | 8.73x |
| Republic Services, Inc. (RSG)vs › | $65.26B | 13.58x | 15.20x | 15.90x | 15.52x |
| Honeywell International Inc. (HON)vs › | $67.37B | 14.54x | 12.26x | 10.66x | 10.56x |
| FedEx Corporation (FDX)vs › | $67.63B | 9.05x | 9.34x | 8.49x | 8.21x |
| TransDigm Group Incorporated (TDG)vs › | $62.43B | 18.74x | 21.83x | 23.83x | 23.87x |
| Norfolk Southern Corporation (NSC)vs › | $70.30B | 15.99x | 15.44x | 15.31x | 14.32x |
| W.W. Grainger, Inc. (GWW)vs › | $58.69B | 20.29x | 19.98x | 18.45x | 17.13x |
| PACCAR Inc (PCAR)vs › | $58.59B | 19.31x | 18.27x | 12.78x | 12.04x |
| Comfort Systems USA, Inc. (FIX)vs › | $58.38B | 28.28x | 31.63x | 22.97x | 19.75x |
| Cummins Inc. (CMI)vs › | $72.45B | 15.60x | 16.65x | 14.68x | 12.89x |
At 12.0, EV/EBITDA is above its estimated 20-year median — higher than 98% 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
3.2
median
6.8
estimated 20-year high
13.4
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 |
|---|---|
| 2026-09-09 | 12.04x |
| 2026-09-08 | 11.91x |
| 2026-09-04 | 11.86x |
| 2026-09-03 | 11.71x |
| 2026-09-02 | 11.58x |
| 2026-09-01 | 11.68x |
| 2026-08-31 | 12.13x |
| 2026-08-28 | 12.06x |
| 2026-08-27 | 12.12x |
| 2026-08-26 | 12.32x |
| 2026-08-25 | 12.27x |
| 2026-08-24 | 12.56x |
| 2026-08-21 | 12.70x |
| 2026-08-20 | 12.67x |
| 2026-08-19 | 12.88x |
| 2026-08-18 | 12.87x |
| 2026-08-17 | 13.33x |
| 2026-08-14 | 13.23x |
| 2026-08-13 | 12.91x |
| 2026-08-12 | 13.00x |
| 2026-08-11 | 13.13x |
| 2026-08-10 | 13.07x |
| 2026-08-07 | 13.31x |
| 2026-08-06 | 13.31x |
| 2026-08-05 | 13.31x |
| 2026-08-04 | 13.19x |
| 2026-08-03 | 12.87x |
| 2026-07-31 | 12.52x |
| 2026-07-30 | 12.42x |
| 2026-07-29 | 12.29x |
| 2026-07-28 | 12.63x |
| 2026-07-27 | 12.98x |
| 2026-07-24 | 13.11x |
| 2026-07-23 | 13.09x |
| 2026-07-22 | 12.40x |
| 2026-07-21 | 12.19x |
| 2026-07-20 | 12.18x |
| 2026-07-17 | 12.50x |
| 2026-07-16 | 12.76x |
| 2026-07-15 | 12.52x |
| 2026-07-14 | 12.70x |
| 2026-07-13 | 12.89x |
| 2026-07-10 | 12.99x |
| 2026-07-09 | 12.93x |
| 2026-07-08 | 12.76x |
| 2026-07-07 | 12.61x |
| 2026-07-06 | 13.03x |
| 2026-07-02 | 13.02x |
| 2026-07-01 | 13.15x |
| 2026-06-30 | 13.36x |
| 2026-06-29 | 13.26x |
| 2026-06-26 | 13.25x |
| 2026-06-25 | 13.42x |
| 2026-06-24 | 12.88x |
| 2026-06-23 | 12.68x |
| 2026-06-22 | 12.97x |
| 2026-06-18 | 12.81x |
| 2026-06-17 | 12.54x |
| 2026-06-16 | 12.74x |
| 2026-06-15 | 12.88x |
| 2026-06-12 | 12.79x |
| 2026-06-11 | 12.73x |
| 2026-06-10 | 12.61x |
| 2026-06-09 | 12.98x |
| 2026-06-08 | 12.88x |
| 2026-06-05 | 12.72x |
| 2026-06-04 | 12.89x |
| 2026-06-03 | 12.61x |
| 2026-06-02 | 12.01x |
| 2026-06-01 | 12.04x |
| 2026-05-29 | 12.02x |
| 2026-05-28 | 11.95x |
| 2026-05-27 | 11.95x |
| 2026-05-26 | 11.70x |
| 2026-05-22 | 11.46x |
| 2026-05-21 | 11.40x |
| 2026-05-20 | 11.44x |
| 2026-05-19 | 11.35x |
| 2026-05-18 | 11.52x |
| 2026-05-15 | 11.68x |
| 2026-05-14 | 11.80x |
| 2026-05-13 | 11.43x |
| 2026-05-12 | 11.63x |
| 2026-05-11 | 11.46x |
| 2026-05-08 | 11.44x |
| 2026-05-07 | 11.51x |
| 2026-05-06 | 11.71x |
| 2026-05-05 | 11.41x |
| 2026-05-04 | 11.33x |
| 2026-05-01 | 11.56x |
| 2026-04-30 | 11.67x |
| 2026-04-29 | 11.59x |
| 2026-04-28 | 11.70x |
| 2026-04-27 | 11.67x |
| 2026-04-24 | 11.81x |
| 2026-04-23 | 11.93x |
| 2026-04-22 | 10.48x |
| 2026-04-21 | 10.52x |
| 2026-04-20 | 10.58x |
| 2026-04-17 | 10.42x |
| 2026-04-16 | 10.23x |
| 2026-04-15 | 10.11x |
| 2026-04-14 | 10.17x |
| 2026-04-13 | 10.25x |
| 2026-04-10 | 10.18x |
| 2026-04-09 | 10.13x |
| 2026-04-08 | 10.07x |
| 2026-04-07 | 9.79x |
| 2026-04-06 | 9.82x |
| 2026-04-02 | 9.78x |
| 2026-04-01 | 9.78x |
| 2026-03-31 | 9.75x |
| 2026-03-30 | 9.60x |
| 2026-03-27 | 9.80x |
| 2026-03-26 | 9.88x |
| 2026-03-25 | 9.94x |
| 2026-03-24 | 9.93x |
| 2026-03-23 | 9.78x |
| 2026-03-20 | 9.57x |
| 2026-03-19 | 9.66x |
| 2026-03-18 | 9.71x |
| 2026-03-17 | 9.91x |
| 2026-03-16 | 9.89x |
| 2026-03-13 | 9.83x |
| 2026-03-12 | 9.80x |
| 2026-03-11 | 10.26x |
| 2026-03-10 | 10.22x |
| 2026-03-09 | 10.66x |
| 2026-03-06 | 10.55x |
| 2026-03-05 | 10.88x |
| 2026-03-04 | 10.97x |
| 2026-03-03 | 10.79x |
| 2026-03-02 | 10.66x |
| 2026-02-27 | 10.85x |
| 2026-02-26 | 11.03x |
| 2026-02-25 | 11.00x |
| 2026-02-24 | 11.42x |
| 2026-02-23 | 11.28x |
| 2026-02-20 | 11.54x |
| 2026-02-19 | 11.34x |
| 2026-02-18 | 11.25x |
| 2026-02-17 | 11.09x |
| 2026-02-13 | 11.15x |
| 2026-02-12 | 11.15x |
| 2026-02-11 | 11.19x |
| 2026-02-10 | 11.22x |
| 2026-02-09 | 11.22x |
| 2026-02-06 | 11.45x |
| 2026-02-05 | 10.93x |
| 2026-02-04 | 10.93x |
| 2026-02-03 | 10.38x |
| 2026-02-02 | 10.25x |
| 2026-01-30 | 10.28x |
| 2026-01-29 | 10.33x |
| 2026-01-28 | 11.39x |
| 2026-01-27 | 11.43x |
| 2026-01-26 | 11.47x |
| 2026-01-23 | 11.54x |
| 2026-01-22 | 11.92x |
| 2026-01-21 | 11.76x |
| 2026-01-20 | 11.46x |
| 2026-01-16 | 11.57x |
| 2026-01-15 | 11.62x |
| 2026-01-14 | 11.53x |
| 2026-01-13 | 11.76x |
| 2026-01-12 | 11.84x |
| 2026-01-09 | 11.74x |
| 2026-01-08 | 11.53x |
| 2026-01-07 | 11.16x |
| 2026-01-06 | 11.27x |
| 2026-01-05 | 11.22x |
| 2026-01-02 | 10.80x |
| 2025-12-31 | 10.44x |
| 2025-12-30 | 10.52x |
| 2025-12-29 | 10.54x |
| 2025-12-26 | 10.63x |
| 2025-12-24 | 10.60x |
| 2025-12-23 | 10.53x |
| 2025-12-22 | 10.52x |
| 2025-12-19 | 10.47x |
| 2025-12-18 | 10.35x |
| 2025-12-17 | 10.27x |
| 2025-12-16 | 10.54x |
| 2025-12-15 | 10.45x |
| 2025-12-12 | 10.53x |
| 2025-12-11 | 10.69x |
| 2025-12-10 | 10.48x |
| 2025-12-09 | 10.25x |
| 2025-12-08 | 10.20x |
| 2025-12-05 | 10.32x |
| 2025-12-04 | 10.43x |
| 2025-12-03 | 10.48x |
| 2025-12-02 | 10.36x |
| 2025-12-01 | 10.40x |
| 2025-11-28 | 10.50x |
| 2025-11-26 | 10.50x |
| 2025-11-25 | 10.45x |
| 2025-11-24 | 10.46x |
| 2025-11-21 | 10.35x |
| 2025-11-20 | 10.05x |
| 2025-11-19 | 10.27x |
| 2025-11-18 | 10.35x |
| 2025-11-17 | 10.41x |
| 2025-11-14 | 10.69x |
| 2025-11-13 | 10.78x |
| 2025-11-12 | 10.96x |
| 2025-11-11 | 10.90x |
| 2025-11-10 | 10.90x |
| 2025-11-07 | 10.83x |
| 2025-11-06 | 10.80x |
| 2025-11-05 | 10.80x |
| 2025-11-04 | 10.88x |
| 2025-11-03 | 10.93x |
| 2025-10-31 | 11.06x |
| 2025-10-30 | 10.94x |
| 2025-10-29 | 11.06x |
| 2025-10-28 | 11.11x |
| 2025-10-27 | 11.36x |
| 2025-10-24 | 11.49x |
| 2025-10-23 | 11.50x |
| 2025-10-22 | 11.14x |
| 2025-10-21 | 11.24x |
| 2025-10-20 | 11.22x |
| 2025-10-17 | 11.04x |
| 2025-10-16 | 11.27x |
| 2025-10-15 | 11.40x |
| 2025-10-14 | 11.22x |
| 2025-10-13 | 10.98x |
| 2025-10-10 | 10.76x |
| 2025-10-09 | 11.04x |
| 2025-10-08 | 11.17x |
| 2025-10-07 | 11.11x |
| 2025-10-06 | 11.10x |
| 2025-10-03 | 11.04x |
| 2025-10-02 | 11.02x |
| 2025-10-01 | 10.88x |
| 2025-09-30 | 10.80x |
| 2025-09-29 | 10.70x |
| 2025-09-26 | 10.73x |
| 2025-09-25 | 10.58x |
| 2025-09-24 | 10.63x |
| 2025-09-23 | 10.81x |
| 2025-09-22 | 10.70x |
| 2025-09-19 | 10.68x |
| 2025-09-18 | 10.69x |
| 2025-09-17 | 10.58x |
| 2025-09-16 | 10.84x |
| 2025-09-15 | 10.74x |
| 2025-09-12 | 10.65x |
| 2025-09-11 | 10.85x |
| 2025-09-10 | 10.71x |
| 2025-09-09 | 10.71x |
| 2025-09-08 | 10.94x |
| 2025-09-05 | 10.99x |
| 2025-09-04 | 10.89x |
| 2025-09-03 | 10.71x |
| 2025-09-02 | 10.84x |
| 2025-08-29 | 10.82x |
| 2025-08-28 | 10.81x |
| 2025-08-27 | 10.75x |
Showing the most recent 260 of 4,793 data points. The chart above shows the full history.
