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 8.01x is in line with its estimated 5-year average of 8.19x, around the middle of its estimated 5-year range (5.28x–13.89x).
As of 2026-09-09T20:00:00.000Z. 20.30% below its estimated 12-month average of 10.05x.
Quote observation: 2026-09-09T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: e9270e57ec6a32662919d710b1198aed036fae68a9363c746844dee08d45e044
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
8.01x
EV/EBITDA RATIO AVG TTM
10.05x
EV/EBITDA RATIO AVG 3Y
8.16x
EV/EBITDA RATIO AVG 5Y
8.19x
EV/EBITDA RATIO AVG 10Y
9.89x
EV/EBITDA RATIO AVG 15Y
8.51x
EV/EBITDA RATIO AVG 20Y
7.18x
CURRENT VS TTM AVG
-20.30%
CURRENT VS 3Y AVG
-1.79%
CURRENT VS 5Y AVG
-2.22%
CURRENT VS 10Y AVG
-19.00%
CURRENT VS 15Y AVG
-5.86%
CURRENT VS 20Y AVG
+11.60%
SECTOR MEDIAN · ENERGY
9.23x
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
-13.26%
vs the sector median at left
Chevron Corporation
Market Cap
$425.82B
EV/EBITDA Ratio
8.01x
TTM Avg
10.05x
3Y Avg
8.16x
5Y Avg
8.19x
Market Cap
$680.77B
EV/EBITDA Ratio
10.43x
TTM Avg
10.41x
3Y Avg
8.41x
5Y Avg
8.05x
Market Cap
$116.61B
EV/EBITDA Ratio
9.20x
TTM Avg
10.84x
3Y Avg
7.86x
5Y Avg
7.39x
Market Cap
$111.99B
EV/EBITDA Ratio
8.82x
TTM Avg
11.50x
3Y Avg
7.96x
5Y Avg
8.50x
Market Cap
$107.10B
EV/EBITDA Ratio
6.58x
TTM Avg
6.46x
3Y Avg
6.56x
5Y Avg
5.78x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Chevron Corporation (CVX) | $425.82B | 8.01x | 10.05x | 8.16x | 8.19x |
| Shell plc (SHEL)vs › | $266.54B | 5.20x | 5.48x | 4.59x | 4.28x |
| TotalEnergies SE (TTE)vs › | $204.08B | 5.77x | 5.73x | 5.21x | 4.66x |
| Exxon Mobil Corporation (XOM)vs › | $680.77B | 10.43x | 10.41x | 8.41x | 8.05x |
| ConocoPhillips (COP)vs › | $166.33B | 7.08x | 6.51x | 6.20x | 6.24x |
| Marathon Petroleum Corporation (MPC)vs › | $116.61B | 9.20x | 10.84x | 7.86x | 7.39x |
| Valero Energy Corporation (VLO)vs › | $111.99B | 8.82x | 11.50x | 7.96x | 8.50x |
| Canadian Natural Resources Limited (CNQ)vs › | $107.10B | 6.58x | 6.46x | 6.56x | 5.78x |
| Phillips 66 (PSX)vs › | $104.56B | 9.27x | 13.72x | 12.51x | 15.27x |
| The Williams Companies, Inc. (WMB)vs › | $91.92B | 17.45x | 17.27x | 15.11x | 14.28x |
At 8.0, EV/EBITDA is above its estimated 20-year median — higher than 65% 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
2.3
median
6.5
estimated 20-year high
39.1
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 | 7.95x |
| 2026-09-08 | 7.81x |
| 2026-09-04 | 7.76x |
| 2026-09-03 | 7.86x |
| 2026-09-02 | 7.88x |
| 2026-09-01 | 7.85x |
| 2026-08-31 | 7.68x |
| 2026-08-28 | 7.53x |
| 2026-08-27 | 7.46x |
| 2026-08-26 | 7.47x |
| 2026-08-25 | 7.46x |
| 2026-08-24 | 7.57x |
| 2026-08-21 | 7.65x |
| 2026-08-20 | 7.67x |
| 2026-08-19 | 7.67x |
| 2026-08-18 | 7.67x |
| 2026-08-17 | 7.56x |
| 2026-08-14 | 7.47x |
| 2026-08-13 | 7.39x |
| 2026-08-12 | 7.35x |
| 2026-08-11 | 7.35x |
| 2026-08-10 | 7.29x |
| 2026-08-07 | 7.00x |
| 2026-08-06 | 11.05x |
| 2026-08-05 | 10.90x |
| 2026-08-04 | 11.11x |
| 2026-08-03 | 11.26x |
| 2026-07-31 | 11.45x |
| 2026-07-30 | 11.21x |
| 2026-07-29 | 11.19x |
| 2026-07-28 | 10.96x |
| 2026-07-27 | 11.09x |
| 2026-07-24 | 11.34x |
| 2026-07-23 | 11.32x |
| 2026-07-22 | 11.25x |
| 2026-07-21 | 11.14x |
| 2026-07-20 | 11.07x |
| 2026-07-17 | 10.95x |
| 2026-07-16 | 10.76x |
| 2026-07-15 | 10.64x |
| 2026-07-14 | 10.65x |
| 2026-07-13 | 10.68x |
| 2026-07-10 | 10.37x |
| 2026-07-09 | 10.25x |
| 2026-07-08 | 10.35x |
| 2026-07-07 | 10.24x |
| 2026-07-06 | 9.93x |
| 2026-07-02 | 9.99x |
| 2026-07-01 | 9.81x |
| 2026-06-30 | 9.81x |
| 2026-06-29 | 9.95x |
| 2026-06-26 | 10.09x |
| 2026-06-25 | 10.15x |
| 2026-06-24 | 10.11x |
| 2026-06-23 | 10.35x |
| 2026-06-22 | 10.30x |
| 2026-06-18 | 10.22x |
| 2026-06-17 | 10.43x |
| 2026-06-16 | 10.57x |
| 2026-06-15 | 10.58x |
| 2026-06-12 | 10.94x |
| 2026-06-11 | 10.87x |
| 2026-06-10 | 11.08x |
| 2026-06-09 | 10.92x |
| 2026-06-08 | 11.05x |
| 2026-06-05 | 10.95x |
| 2026-06-04 | 11.00x |
| 2026-06-03 | 11.07x |
| 2026-06-02 | 10.96x |
| 2026-06-01 | 10.87x |
| 2026-05-29 | 10.69x |
| 2026-05-28 | 10.72x |
| 2026-05-27 | 10.69x |
| 2026-05-26 | 10.81x |
| 2026-05-22 | 11.16x |
| 2026-05-21 | 11.14x |
| 2026-05-20 | 11.16x |
| 2026-05-19 | 11.47x |
| 2026-05-18 | 11.41x |
| 2026-05-15 | 11.15x |
| 2026-05-14 | 10.91x |
| 2026-05-13 | 10.88x |
| 2026-05-12 | 10.87x |
| 2026-05-11 | 10.81x |
| 2026-05-08 | 10.65x |
| 2026-05-07 | 10.90x |
| 2026-05-06 | 11.04x |
| 2026-05-05 | 11.45x |
| 2026-05-04 | 11.43x |
| 2026-05-01 | 11.34x |
| 2026-04-30 | 11.48x |
| 2026-04-29 | 11.42x |
| 2026-04-28 | 11.22x |
| 2026-04-27 | 11.02x |
| 2026-04-24 | 11.05x |
| 2026-04-23 | 11.17x |
| 2026-04-22 | 11.11x |
| 2026-04-21 | 11.09x |
| 2026-04-20 | 10.94x |
| 2026-04-17 | 10.98x |
| 2026-04-16 | 11.20x |
| 2026-04-15 | 11.03x |
| 2026-04-14 | 11.14x |
| 2026-04-13 | 11.40x |
| 2026-04-10 | 11.23x |
| 2026-04-09 | 11.32x |
| 2026-04-08 | 11.46x |
| 2026-04-07 | 11.92x |
| 2026-04-06 | 11.78x |
| 2026-04-02 | 11.79x |
| 2026-04-01 | 11.70x |
| 2026-03-31 | 12.21x |
| 2026-03-30 | 12.42x |
| 2026-03-27 | 12.44x |
| 2026-03-26 | 12.26x |
| 2026-03-25 | 12.12x |
| 2026-03-24 | 12.21x |
| 2026-03-23 | 12.12x |
| 2026-03-20 | 11.93x |
| 2026-03-19 | 11.92x |
| 2026-03-18 | 11.77x |
| 2026-03-17 | 11.73x |
| 2026-03-16 | 11.67x |
| 2026-03-13 | 11.67x |
| 2026-03-12 | 11.68x |
| 2026-03-11 | 11.40x |
| 2026-03-10 | 11.10x |
| 2026-03-09 | 11.27x |
| 2026-03-06 | 11.30x |
| 2026-03-05 | 11.30x |
| 2026-03-04 | 11.09x |
| 2026-03-03 | 11.24x |
| 2026-03-02 | 11.28x |
| 2026-02-27 | 11.13x |
| 2026-02-26 | 10.99x |
| 2026-02-25 | 10.99x |
| 2026-02-24 | 11.36x |
| 2026-02-23 | 11.33x |
| 2026-02-20 | 11.28x |
| 2026-02-19 | 11.33x |
| 2026-02-18 | 11.27x |
| 2026-02-17 | 11.09x |
| 2026-02-13 | 11.27x |
| 2026-02-12 | 11.19x |
| 2026-02-11 | 11.38x |
| 2026-02-10 | 11.18x |
| 2026-02-09 | 11.20x |
| 2026-02-06 | 11.11x |
| 2026-02-05 | 11.01x |
| 2026-02-04 | 11.13x |
| 2026-02-03 | 10.95x |
| 2026-02-02 | 10.72x |
| 2026-01-30 | 10.88x |
| 2026-01-29 | 10.56x |
| 2026-01-28 | 10.49x |
| 2026-01-27 | 10.44x |
| 2026-01-26 | 10.36x |
| 2026-01-23 | 10.31x |
| 2026-01-22 | 10.31x |
| 2026-01-21 | 10.31x |
| 2026-01-20 | 10.23x |
| 2026-01-16 | 10.29x |
| 2026-01-15 | 10.28x |
| 2026-01-14 | 10.34x |
| 2026-01-13 | 10.15x |
| 2026-01-12 | 10.07x |
| 2026-01-09 | 10.06x |
| 2026-01-08 | 9.90x |
| 2026-01-07 | 9.67x |
| 2026-01-06 | 9.74x |
| 2026-01-05 | 10.15x |
| 2026-01-02 | 9.71x |
| 2025-12-31 | 9.51x |
| 2025-12-30 | 9.51x |
| 2025-12-29 | 9.43x |
| 2025-12-26 | 9.38x |
| 2025-12-24 | 9.40x |
| 2025-12-23 | 9.41x |
| 2025-12-22 | 9.37x |
| 2025-12-19 | 9.25x |
| 2025-12-18 | 9.25x |
| 2025-12-17 | 9.35x |
| 2025-12-16 | 9.19x |
| 2025-12-15 | 9.37x |
| 2025-12-12 | 9.38x |
| 2025-12-11 | 9.42x |
| 2025-12-10 | 9.46x |
| 2025-12-09 | 9.29x |
| 2025-12-08 | 9.30x |
| 2025-12-05 | 9.38x |
| 2025-12-04 | 9.50x |
| 2025-12-03 | 9.47x |
| 2025-12-02 | 9.39x |
| 2025-12-01 | 9.52x |
| 2025-11-28 | 9.44x |
| 2025-11-26 | 9.35x |
| 2025-11-25 | 9.29x |
| 2025-11-24 | 9.36x |
| 2025-11-21 | 9.38x |
| 2025-11-20 | 9.39x |
| 2025-11-19 | 9.47x |
| 2025-11-18 | 9.58x |
| 2025-11-17 | 9.65x |
| 2025-11-14 | 9.80x |
| 2025-11-13 | 9.69x |
| 2025-11-12 | 9.56x |
| 2025-11-11 | 9.73x |
| 2025-11-10 | 9.69x |
| 2025-11-07 | 9.66x |
| 2025-11-06 | 8.56x |
| 2025-11-05 | 8.55x |
| 2025-11-04 | 8.58x |
| 2025-11-03 | 8.62x |
| 2025-10-31 | 8.80x |
| 2025-10-30 | 8.59x |
| 2025-10-29 | 8.67x |
| 2025-10-28 | 8.62x |
| 2025-10-27 | 8.68x |
| 2025-10-24 | 8.69x |
| 2025-10-23 | 8.74x |
| 2025-10-22 | 8.69x |
| 2025-10-21 | 8.60x |
| 2025-10-20 | 8.64x |
| 2025-10-17 | 8.57x |
| 2025-10-16 | 8.50x |
| 2025-10-15 | 8.52x |
| 2025-10-14 | 8.53x |
| 2025-10-13 | 8.51x |
| 2025-10-10 | 8.35x |
| 2025-10-09 | 8.49x |
| 2025-10-08 | 8.60x |
| 2025-10-07 | 8.66x |
| 2025-10-06 | 8.61x |
| 2025-10-03 | 8.59x |
| 2025-10-02 | 8.58x |
| 2025-10-01 | 8.64x |
| 2025-09-30 | 8.68x |
| 2025-09-29 | 8.72x |
| 2025-09-26 | 8.93x |
| 2025-09-25 | 8.96x |
| 2025-09-24 | 8.88x |
| 2025-09-23 | 8.79x |
| 2025-09-22 | 8.72x |
| 2025-09-19 | 8.73x |
| 2025-09-18 | 8.86x |
| 2025-09-17 | 8.92x |
| 2025-09-16 | 8.90x |
| 2025-09-15 | 8.78x |
| 2025-09-12 | 8.77x |
| 2025-09-11 | 8.83x |
| 2025-09-10 | 8.81x |
| 2025-09-09 | 8.66x |
| 2025-09-08 | 8.61x |
| 2025-09-05 | 8.60x |
| 2025-09-04 | 8.80x |
| 2025-09-03 | 8.82x |
| 2025-09-02 | 9.01x |
| 2025-08-29 | 8.95x |
| 2025-08-28 | 8.89x |
| 2025-08-27 | 8.88x |
Showing the most recent 260 of 5,030 data points. The chart above shows the full history.
