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.
The EV/EBITDA ratio is 21.01x as of 2026-09-18T18:55:38.038Z.
Calculation as of: 2026-09-18T18:55:38.038Z.
Quote observation: 2026-09-18T18:55:05.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 54eb9073079527f2e0e4f9544803a2af41f289f3b0fe5e80ca1e8fcbb7b52cfb
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 2026-09-11.
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
21.01x
EV/EBITDA RATIO AVG TTM
22.65x
EV/EBITDA RATIO AVG 3Y
20.44x
EV/EBITDA RATIO AVG 5Y
20.74x
EV/EBITDA RATIO AVG 10Y
18.78x
EV/EBITDA RATIO AVG 15Y
16.93x
EV/EBITDA RATIO AVG 20Y
17.40x
CURRENT VS TTM AVG
-7.26%
CURRENT VS 3Y AVG
+2.78%
CURRENT VS 5Y AVG
+1.31%
CURRENT VS 10Y AVG
+11.86%
CURRENT VS 15Y AVG
+24.07%
CURRENT VS 20Y AVG
+20.78%
SECTOR MEDIAN · REAL ESTATE
18.38x
median of 36 covered companies
CURRENT VS SECTOR MEDIAN
+14.31%
vs the sector median at left
First Industrial Realty Trust, Inc.
Market Cap
$8.19B
EV/EBITDA Ratio
21.01x
TTM Avg
22.65x
3Y Avg
20.44x
5Y Avg
20.74x
Market Cap
$8.22B
EV/EBITDA Ratio
18.44x
TTM Avg
19.61x
3Y Avg
19.09x
5Y Avg
19.77x
Market Cap
$6.98B
EV/EBITDA Ratio
23.93x
TTM Avg
24.86x
3Y Avg
24.59x
5Y Avg
25.93x
Market Cap
$9.47B
EV/EBITDA Ratio
N/A
TTM Avg
119.38x
3Y Avg
51.00x
5Y Avg
39.84x
Market Cap
$9.60B
EV/EBITDA Ratio
N/A
TTM Avg
15.78x
3Y Avg
16.17x
5Y Avg
16.77x
Market Cap
$10.05B
EV/EBITDA Ratio
16.56x
TTM Avg
17.20x
3Y Avg
17.26x
5Y Avg
20.11x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Industrial Realty Trust, Inc. (FR) | $8.19B | 21.01x | 22.65x | 20.44x | 20.74x |
| Agree Realty Corporation (ADC)vs › | $8.22B | 18.44x | 19.61x | 19.09x | 19.77x |
| NNN REIT, Inc. (NNN)vs › | $7.93B | 14.88x | 15.22x | 15.00x | 15.82x |
| CubeSmart (CUBE)vs › | $9.01B | 17.82x | 17.54x | 16.99x | 16.47x |
| Terreno Realty Corporation (TRNO)vs › | $6.98B | 23.93x | 24.86x | 24.59x | 25.93x |
| Alexandria Real Estate Equities, Inc. (ARE)vs › | $9.47B | N/A | 119.38x | 51.00x | 39.84x |
| Federal Realty Investment Trust (FRT)vs › | $9.60B | N/A | 15.78x | 16.17x | 16.77x |
| Camden Property Trust (CPT)vs › | $10.05B | 16.56x | 17.20x | 17.26x | 20.11x |
| BXP, Inc. (BXP)vs › | $10.15B | 11.97x | 12.07x | 13.08x | 14.13x |
| UDR, Inc. (UDR)vs › | $10.90B | 14.64x | 17.26x | 17.15x | 19.18x |
At 21.0, EV/EBITDA is near its estimated 20-year median — higher than 60% 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
10.0
median
19.3
estimated 20-year high
81.6
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 |
|---|---|
| 2026-09-11 | 20.91x |
| 2026-09-10 | 20.75x |
| 2026-09-09 | 20.80x |
| 2026-09-08 | 21.00x |
| 2026-09-04 | 21.03x |
| 2026-09-03 | 20.99x |
| 2026-09-02 | 20.98x |
| 2026-09-01 | 21.18x |
| 2026-08-31 | 21.04x |
| 2026-08-28 | 21.05x |
| 2026-08-27 | 21.17x |
| 2026-08-26 | 21.29x |
| 2026-08-25 | 21.45x |
| 2026-08-24 | 21.44x |
| 2026-08-21 | 21.31x |
| 2026-08-20 | 21.23x |
| 2026-08-19 | 21.26x |
| 2026-08-18 | 21.16x |
| 2026-08-17 | 21.30x |
| 2026-08-14 | 21.29x |
| 2026-08-13 | 21.41x |
| 2026-08-12 | 21.41x |
| 2026-08-11 | 21.32x |
| 2026-08-10 | 21.33x |
| 2026-08-07 | 21.49x |
| 2026-08-06 | 21.43x |
| 2026-08-05 | 21.63x |
| 2026-08-04 | 21.62x |
| 2026-08-03 | 21.98x |
| 2026-07-31 | 22.06x |
| 2026-07-30 | 22.10x |
| 2026-07-29 | 21.93x |
| 2026-07-28 | 22.15x |
| 2026-07-27 | 22.22x |
| 2026-07-24 | 22.36x |
| 2026-07-23 | 23.78x |
| 2026-07-22 | 24.16x |
| 2026-07-21 | 24.37x |
| 2026-07-20 | 24.30x |
| 2026-07-17 | 24.48x |
| 2026-07-16 | 24.43x |
| 2026-07-15 | 23.66x |
| 2026-07-14 | 23.34x |
| 2026-07-13 | 23.44x |
| 2026-07-10 | 23.41x |
| 2026-07-09 | 23.38x |
| 2026-07-08 | 23.31x |
| 2026-07-07 | 23.25x |
| 2026-07-06 | 22.87x |
| 2026-07-02 | 22.69x |
| 2026-07-01 | 22.47x |
| 2026-06-30 | 22.38x |
| 2026-06-29 | 22.96x |
| 2026-06-26 | 23.02x |
| 2026-06-25 | 22.89x |
| 2026-06-24 | 22.97x |
| 2026-06-23 | 23.03x |
| 2026-06-22 | 22.89x |
| 2026-06-18 | 22.52x |
| 2026-06-17 | 22.21x |
| 2026-06-16 | 22.80x |
| 2026-06-15 | 22.96x |
| 2026-06-12 | 23.01x |
| 2026-06-11 | 22.80x |
| 2026-06-10 | 22.69x |
| 2026-06-09 | 22.83x |
| 2026-06-08 | 22.27x |
| 2026-06-05 | 22.46x |
| 2026-06-04 | 22.49x |
| 2026-06-03 | 22.13x |
| 2026-06-02 | 22.03x |
| 2026-06-01 | 21.93x |
| 2026-05-29 | 22.54x |
| 2026-05-28 | 22.73x |
| 2026-05-27 | 22.87x |
| 2026-05-26 | 23.14x |
| 2026-05-22 | 22.93x |
| 2026-05-21 | 22.70x |
| 2026-05-20 | 22.65x |
| 2026-05-19 | 22.48x |
| 2026-05-18 | 22.44x |
| 2026-05-15 | 22.25x |
| 2026-05-14 | 22.39x |
| 2026-05-13 | 22.54x |
| 2026-05-12 | 22.68x |
| 2026-05-11 | 22.68x |
| 2026-05-08 | 22.78x |
| 2026-05-07 | 22.69x |
| 2026-05-06 | 22.72x |
| 2026-05-05 | 22.50x |
| 2026-05-04 | 22.31x |
| 2026-05-01 | 22.62x |
| 2026-04-30 | 22.58x |
| 2026-04-29 | 22.40x |
| 2026-04-28 | 22.71x |
| 2026-04-27 | 22.60x |
| 2026-04-24 | 22.72x |
| 2026-04-23 | 23.14x |
| 2026-04-22 | 23.28x |
| 2026-04-21 | 23.24x |
| 2026-04-20 | 23.58x |
| 2026-04-17 | 23.39x |
| 2026-04-16 | 23.01x |
| 2026-04-15 | 22.71x |
| 2026-04-14 | 22.64x |
| 2026-04-13 | 22.45x |
| 2026-04-10 | 22.53x |
| 2026-04-09 | 22.47x |
| 2026-04-08 | 22.39x |
| 2026-04-07 | 22.07x |
| 2026-04-06 | 21.89x |
| 2026-04-02 | 21.96x |
| 2026-04-01 | 21.95x |
| 2026-03-31 | 21.72x |
| 2026-03-30 | 21.56x |
| 2026-03-27 | 21.53x |
| 2026-03-26 | 21.81x |
| 2026-03-25 | 21.85x |
| 2026-03-24 | 21.70x |
| 2026-03-23 | 21.78x |
| 2026-03-20 | 21.48x |
| 2026-03-19 | 22.00x |
| 2026-03-18 | 22.33x |
| 2026-03-17 | 22.57x |
| 2026-03-16 | 22.61x |
| 2026-03-13 | 22.36x |
| 2026-03-12 | 22.38x |
| 2026-03-11 | 22.63x |
| 2026-03-10 | 22.65x |
| 2026-03-09 | 22.48x |
| 2026-03-06 | 22.29x |
| 2026-03-05 | 22.73x |
| 2026-03-04 | 23.03x |
| 2026-03-03 | 23.09x |
| 2026-03-02 | 23.32x |
| 2026-02-27 | 23.22x |
| 2026-02-26 | 23.32x |
| 2026-02-25 | 23.04x |
| 2026-02-24 | 22.96x |
| 2026-02-23 | 22.90x |
| 2026-02-20 | 22.92x |
| 2026-02-19 | 22.54x |
| 2026-02-18 | 22.45x |
| 2026-02-17 | 22.35x |
| 2026-02-13 | 22.03x |
| 2026-02-12 | 21.77x |
| 2026-02-11 | 23.81x |
| 2026-02-10 | 24.03x |
| 2026-02-09 | 23.88x |
| 2026-02-06 | 23.93x |
| 2026-02-05 | 23.92x |
| 2026-02-04 | 23.54x |
| 2026-02-03 | 23.49x |
| 2026-02-02 | 23.27x |
| 2026-01-30 | 23.42x |
| 2026-01-29 | 23.46x |
| 2026-01-28 | 23.08x |
| 2026-01-27 | 23.24x |
| 2026-01-26 | 23.14x |
| 2026-01-23 | 23.24x |
| 2026-01-22 | 23.18x |
| 2026-01-21 | 23.56x |
| 2026-01-20 | 23.65x |
| 2026-01-16 | 23.96x |
| 2026-01-15 | 23.79x |
| 2026-01-14 | 23.75x |
| 2026-01-13 | 23.73x |
| 2026-01-12 | 23.66x |
| 2026-01-09 | 23.76x |
| 2026-01-08 | 23.67x |
| 2026-01-07 | 23.51x |
| 2026-01-06 | 23.34x |
| 2026-01-05 | 23.52x |
| 2026-01-02 | 23.38x |
| 2025-12-31 | 23.20x |
| 2025-12-30 | 23.45x |
| 2025-12-29 | 23.41x |
| 2025-12-26 | 23.49x |
| 2025-12-24 | 23.53x |
| 2025-12-23 | 23.21x |
| 2025-12-22 | 23.36x |
| 2025-12-19 | 23.44x |
| 2025-12-18 | 23.52x |
| 2025-12-17 | 23.59x |
| 2025-12-16 | 23.42x |
| 2025-12-15 | 23.51x |
| 2025-12-12 | 23.47x |
| 2025-12-11 | 23.71x |
| 2025-12-10 | 23.58x |
| 2025-12-09 | 23.18x |
| 2025-12-08 | 23.23x |
| 2025-12-05 | 23.37x |
| 2025-12-04 | 23.05x |
| 2025-12-03 | 22.81x |
| 2025-12-02 | 22.95x |
| 2025-12-01 | 23.13x |
| 2025-11-28 | 23.19x |
| 2025-11-26 | 23.27x |
| 2025-11-25 | 23.12x |
| 2025-11-24 | 22.99x |
| 2025-11-21 | 22.92x |
| 2025-11-20 | 22.62x |
| 2025-11-19 | 22.53x |
| 2025-11-18 | 22.78x |
| 2025-11-17 | 22.74x |
| 2025-11-14 | 22.75x |
| 2025-11-13 | 22.85x |
| 2025-11-12 | 22.87x |
| 2025-11-11 | 23.01x |
| 2025-11-10 | 22.84x |
| 2025-11-07 | 22.91x |
| 2025-11-06 | 22.58x |
| 2025-11-05 | 22.63x |
| 2025-11-04 | 22.55x |
| 2025-11-03 | 22.61x |
| 2025-10-31 | 22.62x |
| 2025-10-30 | 22.78x |
| 2025-10-29 | 22.73x |
| 2025-10-28 | 22.87x |
| 2025-10-27 | 22.99x |
| 2025-10-24 | 22.86x |
| 2025-10-23 | 22.75x |
| 2025-10-22 | 22.73x |
| 2025-10-21 | 22.69x |
| 2025-10-20 | 22.84x |
| 2025-10-17 | 20.42x |
| 2025-10-16 | 20.22x |
| 2025-10-15 | 20.01x |
| 2025-10-14 | 19.53x |
| 2025-10-13 | 19.40x |
| 2025-10-10 | 19.06x |
| 2025-10-09 | 19.35x |
| 2025-10-08 | 19.46x |
| 2025-10-07 | 19.45x |
| 2025-10-06 | 19.43x |
| 2025-10-03 | 19.46x |
| 2025-10-02 | 19.41x |
| 2025-10-01 | 19.57x |
| 2025-09-30 | 19.40x |
| 2025-09-29 | 19.42x |
| 2025-09-26 | 19.37x |
| 2025-09-25 | 19.32x |
| 2025-09-24 | 19.30x |
| 2025-09-23 | 19.50x |
| 2025-09-22 | 19.55x |
| 2025-09-19 | 19.47x |
| 2025-09-18 | 19.64x |
| 2025-09-17 | 19.47x |
| 2025-09-16 | 19.55x |
| 2025-09-15 | 19.52x |
| 2025-09-12 | 19.60x |
| 2025-09-11 | 19.73x |
| 2025-09-10 | 19.29x |
| 2025-09-09 | 19.34x |
| 2025-09-08 | 19.59x |
| 2025-09-05 | 19.62x |
| 2025-09-04 | 19.55x |
| 2025-09-03 | 19.51x |
| 2025-09-02 | 19.34x |
| 2025-08-29 | 19.71x |
Showing the most recent 260 of 4,701 data points. The chart above shows the full history.
