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 21.55x is 30% above its estimated 5-year average of 16.60x, near the high end of its estimated 5-year range (13.04x–23.98x).
As of 2026-09-10T20:02:30.000Z. 6.31% above its estimated 12-month average of 20.27x.
Quote observation: 2026-09-10T20:02:30.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: d042270f648130ba11e07144b2e06aaa96cfea4fce61eac1d93ca0cee7ad15ac
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
21.55x
EV/EBITDA RATIO AVG TTM
20.27x
EV/EBITDA RATIO AVG 3Y
17.68x
EV/EBITDA RATIO AVG 5Y
16.60x
EV/EBITDA RATIO AVG 10Y
17.27x
EV/EBITDA RATIO AVG 15Y
15.81x
EV/EBITDA RATIO AVG 20Y
14.48x
CURRENT VS TTM AVG
+6.31%
CURRENT VS 3Y AVG
+21.87%
CURRENT VS 5Y AVG
+29.79%
CURRENT VS 10Y AVG
+24.76%
CURRENT VS 15Y AVG
+36.27%
CURRENT VS 20Y AVG
+48.80%
SECTOR MEDIAN · INDUSTRIALS
16.60x
median of 127 covered companies
CURRENT VS SECTOR MEDIAN
+29.82%
vs the sector median at left
Westinghouse Air Brake Technologies Corporation
Market Cap
$47.34B
EV/EBITDA Ratio
21.55x
TTM Avg
20.27x
3Y Avg
17.68x
5Y Avg
16.60x
Market Cap
$46.89B
EV/EBITDA Ratio
22.03x
TTM Avg
25.94x
3Y Avg
22.68x
5Y Avg
23.03x
Market Cap
$46.69B
EV/EBITDA Ratio
20.32x
TTM Avg
19.66x
3Y Avg
20.97x
5Y Avg
17.24x
Market Cap
$46.25B
EV/EBITDA Ratio
15.95x
TTM Avg
19.52x
3Y Avg
17.80x
5Y Avg
17.44x
Market Cap
$44.75B
EV/EBITDA Ratio
32.18x
TTM Avg
29.21x
3Y Avg
29.71x
5Y Avg
30.62x
Market Cap
$43.54B
EV/EBITDA Ratio
31.35x
TTM Avg
37.83x
3Y Avg
37.49x
5Y Avg
38.06x
Market Cap
$51.45B
EV/EBITDA Ratio
7.72x
TTM Avg
6.96x
3Y Avg
6.58x
5Y Avg
8.34x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Westinghouse Air Brake Technologies Corporation (WAB) | $47.34B | 21.55x | 20.27x | 17.68x | 16.60x |
| Rockwell Automation, Inc. (ROK)vs › | $46.89B | 22.03x | 25.94x | 22.68x | 23.03x |
| Carrier Global Corporation (CARR)vs › | $46.69B | 20.32x | 19.66x | 20.97x | 17.24x |
| L3Harris Technologies, Inc. (LHX)vs › | $46.25B | 15.95x | 19.52x | 17.80x | 17.44x |
| Honeywell Aerospace Inc (HONA)vs › | $48.73B | N/A | N/A | N/A | N/A |
| HEICO Corporation (HEI-A)vs › | $44.75B | 32.18x | 29.21x | 29.71x | 30.62x |
| HEICO Corporation (HEI)vs › | $43.54B | 31.35x | 37.83x | 37.49x | 38.06x |
| Delta Air Lines, Inc. (DAL)vs › | $51.45B | 7.72x | 6.96x | 6.58x | 8.34x |
| Ferguson plc (FERG)vs › | $42.85B | N/A | 16.64x | 15.63x | 13.76x |
| Thomson Reuters Corporation (TRI)vs › | $41.78B | 14.15x | 14.10x | 24.41x | 24.90x |
At 21.6, EV/EBITDA is above its estimated 20-year median — higher than 93% 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
5.1
median
14.7
estimated 20-year high
26.9
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 | 21.71x |
| 2026-09-08 | 21.97x |
| 2026-09-04 | 21.87x |
| 2026-09-03 | 21.73x |
| 2026-09-02 | 21.66x |
| 2026-09-01 | 21.66x |
| 2026-08-31 | 22.08x |
| 2026-08-28 | 22.51x |
| 2026-08-27 | 22.85x |
| 2026-08-26 | 23.08x |
| 2026-08-25 | 22.83x |
| 2026-08-24 | 22.88x |
| 2026-08-21 | 22.87x |
| 2026-08-20 | 22.51x |
| 2026-08-19 | 22.51x |
| 2026-08-18 | 22.68x |
| 2026-08-17 | 23.08x |
| 2026-08-14 | 22.97x |
| 2026-08-13 | 22.90x |
| 2026-08-12 | 22.73x |
| 2026-08-11 | 22.90x |
| 2026-08-10 | 22.64x |
| 2026-08-07 | 22.48x |
| 2026-08-06 | 22.71x |
| 2026-08-05 | 22.79x |
| 2026-08-04 | 22.97x |
| 2026-08-03 | 22.80x |
| 2026-07-31 | 22.41x |
| 2026-07-30 | 22.52x |
| 2026-07-29 | 22.47x |
| 2026-07-28 | 23.43x |
| 2026-07-27 | 23.10x |
| 2026-07-24 | 23.21x |
| 2026-07-23 | 22.90x |
| 2026-07-22 | 23.98x |
| 2026-07-21 | 22.04x |
| 2026-07-20 | 21.62x |
| 2026-07-17 | 21.93x |
| 2026-07-16 | 22.06x |
| 2026-07-15 | 21.76x |
| 2026-07-14 | 21.93x |
| 2026-07-13 | 21.84x |
| 2026-07-10 | 21.87x |
| 2026-07-09 | 21.76x |
| 2026-07-08 | 21.71x |
| 2026-07-07 | 21.72x |
| 2026-07-06 | 21.88x |
| 2026-07-02 | 21.94x |
| 2026-07-01 | 22.07x |
| 2026-06-30 | 22.48x |
| 2026-06-29 | 22.39x |
| 2026-06-26 | 22.48x |
| 2026-06-25 | 23.42x |
| 2026-06-24 | 22.69x |
| 2026-06-23 | 22.53x |
| 2026-06-22 | 23.01x |
| 2026-06-18 | 22.79x |
| 2026-06-17 | 22.65x |
| 2026-06-16 | 22.67x |
| 2026-06-15 | 22.43x |
| 2026-06-12 | 22.16x |
| 2026-06-11 | 21.93x |
| 2026-06-10 | 21.52x |
| 2026-06-09 | 22.20x |
| 2026-06-08 | 21.75x |
| 2026-06-05 | 21.81x |
| 2026-06-04 | 21.96x |
| 2026-06-03 | 21.98x |
| 2026-06-02 | 22.11x |
| 2026-06-01 | 21.49x |
| 2026-05-29 | 21.86x |
| 2026-05-28 | 21.87x |
| 2026-05-27 | 21.84x |
| 2026-05-26 | 21.89x |
| 2026-05-22 | 21.52x |
| 2026-05-21 | 21.43x |
| 2026-05-20 | 21.72x |
| 2026-05-19 | 21.43x |
| 2026-05-18 | 21.79x |
| 2026-05-15 | 22.07x |
| 2026-05-14 | 22.47x |
| 2026-05-13 | 22.13x |
| 2026-05-12 | 22.44x |
| 2026-05-11 | 22.37x |
| 2026-05-08 | 22.20x |
| 2026-05-07 | 22.19x |
| 2026-05-06 | 22.55x |
| 2026-05-05 | 22.03x |
| 2026-05-04 | 21.94x |
| 2026-05-01 | 22.14x |
| 2026-04-30 | 22.50x |
| 2026-04-29 | 21.88x |
| 2026-04-28 | 22.01x |
| 2026-04-27 | 22.31x |
| 2026-04-24 | 22.30x |
| 2026-04-23 | 22.47x |
| 2026-04-22 | 21.71x |
| 2026-04-21 | 21.43x |
| 2026-04-20 | 21.92x |
| 2026-04-17 | 21.85x |
| 2026-04-16 | 21.27x |
| 2026-04-15 | 21.41x |
| 2026-04-14 | 22.21x |
| 2026-04-13 | 22.27x |
| 2026-04-10 | 22.14x |
| 2026-04-09 | 22.41x |
| 2026-04-08 | 22.32x |
| 2026-04-07 | 21.31x |
| 2026-04-06 | 21.16x |
| 2026-04-02 | 21.15x |
| 2026-04-01 | 21.31x |
| 2026-03-31 | 20.85x |
| 2026-03-30 | 19.93x |
| 2026-03-27 | 20.20x |
| 2026-03-26 | 20.53x |
| 2026-03-25 | 20.74x |
| 2026-03-24 | 20.54x |
| 2026-03-23 | 20.25x |
| 2026-03-20 | 19.83x |
| 2026-03-19 | 19.91x |
| 2026-03-18 | 19.96x |
| 2026-03-17 | 19.97x |
| 2026-03-16 | 20.06x |
| 2026-03-13 | 19.88x |
| 2026-03-12 | 20.15x |
| 2026-03-11 | 20.56x |
| 2026-03-10 | 20.62x |
| 2026-03-09 | 20.64x |
| 2026-03-06 | 20.47x |
| 2026-03-05 | 20.98x |
| 2026-03-04 | 21.66x |
| 2026-03-03 | 21.66x |
| 2026-03-02 | 21.87x |
| 2026-02-27 | 21.89x |
| 2026-02-26 | 21.85x |
| 2026-02-25 | 21.81x |
| 2026-02-24 | 21.93x |
| 2026-02-23 | 21.82x |
| 2026-02-20 | 21.95x |
| 2026-02-19 | 21.74x |
| 2026-02-18 | 21.55x |
| 2026-02-17 | 21.58x |
| 2026-02-13 | 21.56x |
| 2026-02-12 | 21.39x |
| 2026-02-11 | 21.43x |
| 2026-02-10 | 20.83x |
| 2026-02-09 | 20.70x |
| 2026-02-06 | 20.82x |
| 2026-02-05 | 20.35x |
| 2026-02-04 | 20.40x |
| 2026-02-03 | 20.06x |
| 2026-02-02 | 19.86x |
| 2026-01-30 | 19.59x |
| 2026-01-29 | 19.78x |
| 2026-01-28 | 19.50x |
| 2026-01-27 | 19.71x |
| 2026-01-26 | 19.71x |
| 2026-01-23 | 19.59x |
| 2026-01-22 | 19.86x |
| 2026-01-21 | 19.81x |
| 2026-01-20 | 19.39x |
| 2026-01-16 | 19.55x |
| 2026-01-15 | 19.47x |
| 2026-01-14 | 19.33x |
| 2026-01-13 | 19.39x |
| 2026-01-12 | 19.31x |
| 2026-01-09 | 19.16x |
| 2026-01-08 | 19.01x |
| 2026-01-07 | 18.56x |
| 2026-01-06 | 18.89x |
| 2026-01-05 | 18.59x |
| 2026-01-02 | 18.54x |
| 2025-12-31 | 18.32x |
| 2025-12-30 | 18.57x |
| 2025-12-29 | 18.60x |
| 2025-12-26 | 18.77x |
| 2025-12-24 | 18.80x |
| 2025-12-23 | 18.79x |
| 2025-12-22 | 18.95x |
| 2025-12-19 | 18.53x |
| 2025-12-18 | 18.33x |
| 2025-12-17 | 18.22x |
| 2025-12-16 | 18.34x |
| 2025-12-15 | 18.47x |
| 2025-12-12 | 18.40x |
| 2025-12-11 | 18.65x |
| 2025-12-10 | 18.48x |
| 2025-12-09 | 18.03x |
| 2025-12-08 | 18.23x |
| 2025-12-05 | 18.44x |
| 2025-12-04 | 18.37x |
| 2025-12-03 | 18.32x |
| 2025-12-02 | 17.94x |
| 2025-12-01 | 17.96x |
| 2025-11-28 | 17.95x |
| 2025-11-26 | 17.89x |
| 2025-11-25 | 17.76x |
| 2025-11-24 | 17.30x |
| 2025-11-21 | 17.32x |
| 2025-11-20 | 17.01x |
| 2025-11-19 | 17.14x |
| 2025-11-18 | 17.12x |
| 2025-11-17 | 17.27x |
| 2025-11-14 | 17.60x |
| 2025-11-13 | 17.63x |
| 2025-11-12 | 18.03x |
| 2025-11-11 | 17.90x |
| 2025-11-10 | 18.06x |
| 2025-11-07 | 17.78x |
| 2025-11-06 | 17.59x |
| 2025-11-05 | 17.76x |
| 2025-11-04 | 17.64x |
| 2025-11-03 | 17.67x |
| 2025-10-31 | 17.64x |
| 2025-10-30 | 17.54x |
| 2025-10-29 | 17.42x |
| 2025-10-28 | 17.15x |
| 2025-10-27 | 17.33x |
| 2025-10-24 | 17.12x |
| 2025-10-23 | 17.07x |
| 2025-10-22 | 16.79x |
| 2025-10-21 | 17.15x |
| 2025-10-20 | 17.00x |
| 2025-10-17 | 16.84x |
| 2025-10-16 | 16.80x |
| 2025-10-15 | 17.08x |
| 2025-10-14 | 16.99x |
| 2025-10-13 | 16.80x |
| 2025-10-10 | 16.60x |
| 2025-10-09 | 16.96x |
| 2025-10-08 | 17.26x |
| 2025-10-07 | 17.13x |
| 2025-10-06 | 17.41x |
| 2025-10-03 | 17.31x |
| 2025-10-02 | 17.14x |
| 2025-10-01 | 17.19x |
| 2025-09-30 | 17.34x |
| 2025-09-29 | 17.12x |
| 2025-09-26 | 17.04x |
| 2025-09-25 | 16.87x |
| 2025-09-24 | 16.70x |
| 2025-09-23 | 16.87x |
| 2025-09-22 | 17.15x |
| 2025-09-19 | 16.41x |
| 2025-09-18 | 16.55x |
| 2025-09-17 | 16.17x |
| 2025-09-16 | 16.33x |
| 2025-09-15 | 16.39x |
| 2025-09-12 | 16.42x |
| 2025-09-11 | 16.69x |
| 2025-09-10 | 16.48x |
| 2025-09-09 | 16.52x |
| 2025-09-08 | 16.59x |
| 2025-09-05 | 16.77x |
| 2025-09-04 | 16.82x |
| 2025-09-03 | 16.62x |
| 2025-09-02 | 16.72x |
| 2025-08-29 | 16.79x |
| 2025-08-28 | 16.93x |
| 2025-08-27 | 16.94x |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
