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 53.01x is 83% above its estimated 2-year average of 29.03x, near the high end of its estimated 2-year range (13.97x–53.01x).
As of 2026-10-06T14:25:44.408Z. 92.66% above its estimated 12-month average of 27.51x.
Calculation as of: 2026-10-06T14:25:44.408Z.
Quote observation: 2026-10-06T14:25:03.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: b0e49c753d28385122d2bfd968c2c007d8bc2d37a6993c37fad0f7036316ae85
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
53.01x
EV/EBITDA RATIO AVG TTM
27.51x
EV/EBITDA RATIO AVG 3Y
N/A
EV/EBITDA RATIO AVG 5Y
N/A
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
+92.66%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · FINANCIAL SERVICES
12.64x
median of 28 covered companies
CURRENT VS SECTOR MEDIAN
+319.22%
vs the sector median at left
The Baldwin Insurance Group, Inc.
Market Cap
$2.58B
EV/EBITDA Ratio
53.01x
TTM Avg
27.51x
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$2.51B
EV/EBITDA Ratio
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| The Baldwin Insurance Group, Inc. (BWIN) | $2.58B | 53.01x | 27.51x | N/A | N/A |
| Merchants Bancorp (MBINM)vs › | $2.53B | N/A | N/A | N/A | N/A |
| First Bancorp (FBNC)vs › | $2.52B | N/A | N/A | N/A | N/A |
| Columbia Financial, Inc. (CLBK)vs › | $2.53B | N/A | N/A | N/A | N/A |
| First Merchants Corporation (FRME)vs › | $2.51B | N/A | N/A | N/A | N/A |
| NBT Bancorp Inc. (NBTB)vs › | $2.66B | N/A | N/A | N/A | N/A |
| First Busey Corporation (BUSE)vs › | $2.50B | N/A | N/A | N/A | N/A |
| Merchants Bancorp (MBINL)vs › | $2.39B | N/A | N/A | N/A | N/A |
| Merchants Bancorp (MBINN)vs › | $2.38B | N/A | N/A | N/A | N/A |
| First Merchants Corporation (FRMEP)vs › | $2.79B | N/A | N/A | N/A | N/A |
At 53.0, EV/EBITDA is above its estimated 2-year median — higher than 100% of readings in its estimated 2-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 2-year low
14.0
median
27.1
estimated 2-year high
50.5
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 | 49.05x |
| 2026-10-02 | 48.95x |
| 2026-10-01 | 48.95x |
| 2026-09-30 | 48.97x |
| 2026-09-29 | 48.96x |
| 2026-09-28 | 48.99x |
| 2026-09-25 | 49.01x |
| 2026-09-24 | 49.00x |
| 2026-09-23 | 49.01x |
| 2026-09-22 | 49.08x |
| 2026-09-21 | 49.04x |
| 2026-09-18 | 49.07x |
| 2026-09-17 | 49.08x |
| 2026-09-16 | 49.15x |
| 2026-09-15 | 49.47x |
| 2026-09-14 | 49.12x |
| 2026-09-11 | 47.43x |
| 2026-09-10 | 47.24x |
| 2026-09-09 | 46.40x |
| 2026-09-08 | 47.47x |
| 2026-09-04 | 48.31x |
| 2026-09-03 | 48.56x |
| 2026-09-02 | 48.41x |
| 2026-09-01 | 47.87x |
| 2026-08-31 | 48.29x |
| 2026-08-28 | 48.17x |
| 2026-08-27 | 47.79x |
| 2026-08-26 | 47.97x |
| 2026-08-25 | 48.33x |
| 2026-08-24 | 48.61x |
| 2026-08-21 | 49.05x |
| 2026-08-20 | 48.72x |
| 2026-08-19 | 48.51x |
| 2026-08-18 | 47.82x |
| 2026-08-17 | 48.23x |
| 2026-08-14 | 48.77x |
| 2026-08-13 | 48.29x |
| 2026-08-12 | 48.41x |
| 2026-08-11 | 47.51x |
| 2026-08-10 | 46.85x |
| 2026-08-07 | 47.35x |
| 2026-08-06 | 46.67x |
| 2026-08-05 | 46.79x |
| 2026-08-04 | 46.86x |
| 2026-08-03 | 47.30x |
| 2026-07-31 | 46.05x |
| 2026-07-30 | 42.24x |
| 2026-07-29 | 43.29x |
| 2026-07-28 | 43.57x |
| 2026-07-27 | 42.73x |
| 2026-07-24 | 42.09x |
| 2026-07-23 | 41.70x |
| 2026-07-22 | 41.23x |
| 2026-07-21 | 41.87x |
| 2026-07-20 | 42.42x |
| 2026-07-17 | 42.63x |
| 2026-07-16 | 42.80x |
| 2026-07-15 | 41.51x |
| 2026-07-14 | 42.12x |
| 2026-07-13 | 42.67x |
| 2026-07-10 | 42.11x |
| 2026-07-09 | 42.08x |
| 2026-07-08 | 42.37x |
| 2026-07-07 | 42.66x |
| 2026-07-06 | 42.52x |
| 2026-07-02 | 43.42x |
| 2026-07-01 | 42.39x |
| 2026-06-30 | 42.17x |
| 2026-06-29 | 41.94x |
| 2026-06-26 | 41.92x |
| 2026-06-25 | 40.41x |
| 2026-06-24 | 41.00x |
| 2026-06-23 | 40.67x |
| 2026-06-22 | 40.08x |
| 2026-06-18 | 37.84x |
| 2026-06-17 | 35.85x |
| 2026-06-16 | 36.78x |
| 2026-06-15 | 36.42x |
| 2026-06-12 | 36.39x |
| 2026-06-11 | 36.63x |
| 2026-06-10 | 37.24x |
| 2026-06-09 | 37.24x |
| 2026-06-08 | 37.15x |
| 2026-06-05 | 37.59x |
| 2026-06-04 | 37.15x |
| 2026-06-03 | 36.83x |
| 2026-06-02 | 37.32x |
| 2026-06-01 | 37.80x |
| 2026-05-29 | 37.28x |
| 2026-05-28 | 37.58x |
| 2026-05-27 | 37.26x |
| 2026-05-26 | 37.00x |
| 2026-05-22 | 37.44x |
| 2026-05-21 | 37.93x |
| 2026-05-20 | 37.75x |
| 2026-05-19 | 37.58x |
| 2026-05-18 | 38.27x |
| 2026-05-15 | 37.69x |
| 2026-05-14 | 37.54x |
| 2026-05-13 | 37.77x |
| 2026-05-12 | 37.72x |
| 2026-05-11 | 37.78x |
| 2026-05-08 | 37.80x |
| 2026-05-07 | 38.34x |
| 2026-05-06 | 38.08x |
| 2026-05-05 | 38.54x |
| 2026-05-04 | 14.59x |
| 2026-05-01 | 14.61x |
| 2026-04-30 | 14.83x |
| 2026-04-29 | 15.02x |
| 2026-04-28 | 15.15x |
| 2026-04-27 | 15.37x |
| 2026-04-24 | 15.60x |
| 2026-04-23 | 15.65x |
| 2026-04-22 | 15.75x |
| 2026-04-21 | 16.05x |
| 2026-04-20 | 15.82x |
| 2026-04-17 | 15.57x |
| 2026-04-16 | 15.25x |
| 2026-04-15 | 14.87x |
| 2026-04-14 | 14.68x |
| 2026-04-13 | 14.64x |
| 2026-04-10 | 14.41x |
| 2026-04-09 | 14.59x |
| 2026-04-08 | 14.85x |
| 2026-04-07 | 14.45x |
| 2026-04-06 | 14.65x |
| 2026-04-02 | 14.72x |
| 2026-04-01 | 14.45x |
| 2026-03-31 | 14.59x |
| 2026-03-30 | 14.61x |
| 2026-03-27 | 14.31x |
| 2026-03-26 | 14.50x |
| 2026-03-25 | 14.36x |
| 2026-03-24 | 14.63x |
| 2026-03-23 | 14.65x |
| 2026-03-20 | 14.49x |
| 2026-03-19 | 14.32x |
| 2026-03-18 | 14.33x |
| 2026-03-17 | 14.42x |
| 2026-03-16 | 14.32x |
| 2026-03-13 | 14.30x |
| 2026-03-12 | 14.23x |
| 2026-03-11 | 14.13x |
| 2026-03-10 | 14.24x |
| 2026-03-09 | 13.97x |
| 2026-03-06 | 14.30x |
| 2026-03-05 | 14.68x |
| 2026-03-04 | 14.62x |
| 2026-03-03 | 14.70x |
| 2026-03-02 | 14.98x |
| 2026-02-27 | 15.00x |
| 2026-02-26 | 14.82x |
| 2026-02-25 | 14.28x |
| 2026-02-24 | 14.17x |
| 2026-02-23 | 14.16x |
| 2026-02-20 | 14.14x |
| 2026-02-19 | 14.14x |
| 2026-02-18 | 14.28x |
| 2026-02-17 | 14.41x |
| 2026-02-13 | 14.13x |
| 2026-02-12 | 14.22x |
| 2026-02-11 | 14.13x |
| 2026-02-10 | 14.31x |
| 2026-02-09 | 14.55x |
| 2026-02-06 | 15.20x |
| 2026-02-05 | 14.92x |
| 2026-02-04 | 15.57x |
| 2026-02-03 | 15.53x |
| 2026-02-02 | 15.56x |
| 2026-01-30 | 16.02x |
| 2026-01-29 | 16.34x |
| 2026-01-28 | 16.33x |
| 2026-01-27 | 16.76x |
| 2026-01-26 | 17.39x |
| 2026-01-23 | 17.14x |
| 2026-01-22 | 17.56x |
| 2026-01-21 | 17.52x |
| 2026-01-20 | 17.53x |
| 2026-01-16 | 17.67x |
| 2026-01-15 | 17.50x |
| 2026-01-14 | 17.65x |
| 2026-01-13 | 17.26x |
| 2026-01-12 | 17.38x |
| 2026-01-09 | 17.46x |
| 2026-01-08 | 17.52x |
| 2026-01-07 | 17.05x |
| 2026-01-06 | 17.07x |
| 2026-01-05 | 17.11x |
| 2026-01-02 | 16.67x |
| 2025-12-31 | 16.76x |
| 2025-12-30 | 17.25x |
| 2025-12-29 | 17.39x |
| 2025-12-26 | 17.30x |
| 2025-12-24 | 17.15x |
| 2025-12-23 | 16.78x |
| 2025-12-22 | 16.71x |
| 2025-12-19 | 16.64x |
| 2025-12-18 | 16.70x |
| 2025-12-17 | 16.32x |
| 2025-12-16 | 16.17x |
| 2025-12-15 | 16.63x |
| 2025-12-12 | 16.77x |
| 2025-12-11 | 16.50x |
| 2025-12-10 | 16.16x |
| 2025-12-09 | 16.12x |
| 2025-12-08 | 16.32x |
| 2025-12-05 | 17.11x |
| 2025-12-04 | 17.41x |
| 2025-12-03 | 17.44x |
| 2025-12-02 | 17.57x |
| 2025-12-01 | 18.12x |
| 2025-11-28 | 18.32x |
| 2025-11-26 | 18.05x |
| 2025-11-25 | 17.96x |
| 2025-11-24 | 17.94x |
| 2025-11-21 | 18.07x |
| 2025-11-20 | 17.74x |
| 2025-11-19 | 17.70x |
| 2025-11-18 | 17.71x |
| 2025-11-17 | 18.13x |
| 2025-11-14 | 17.92x |
| 2025-11-13 | 18.07x |
| 2025-11-12 | 18.08x |
| 2025-11-11 | 17.94x |
| 2025-11-10 | 17.61x |
| 2025-11-07 | 17.75x |
| 2025-11-06 | 17.37x |
| 2025-11-05 | 17.21x |
| 2025-11-04 | 15.40x |
| 2025-11-03 | 15.20x |
| 2025-10-31 | 15.10x |
| 2025-10-30 | 14.90x |
| 2025-10-29 | 15.25x |
| 2025-10-28 | 15.51x |
| 2025-10-27 | 15.73x |
| 2025-10-24 | 15.55x |
| 2025-10-23 | 15.87x |
| 2025-10-22 | 15.58x |
| 2025-10-21 | 15.57x |
| 2025-10-20 | 15.33x |
| 2025-10-17 | 15.44x |
| 2025-10-16 | 15.64x |
| 2025-10-15 | 16.49x |
| 2025-10-14 | 16.78x |
| 2025-10-13 | 16.75x |
| 2025-10-10 | 17.29x |
| 2025-10-09 | 17.40x |
| 2025-10-08 | 17.37x |
| 2025-10-07 | 17.37x |
| 2025-10-06 | 16.93x |
| 2025-10-03 | 17.32x |
| 2025-10-02 | 17.01x |
| 2025-10-01 | 16.76x |
| 2025-09-30 | 17.12x |
| 2025-09-29 | 17.02x |
| 2025-09-26 | 17.26x |
| 2025-09-25 | 17.24x |
| 2025-09-24 | 17.42x |
| 2025-09-23 | 17.66x |
Showing the most recent 260 of 601 data points. The chart above shows the full history.