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 8.02x is 45% below its estimated 5-year average of 14.60x, near the low end of its estimated 5-year range (6.63x–91.35x).
As of 2026-09-24T00:15:50.164Z. 28.13% below its estimated 12-month average of 11.16x.
Calculation as of: 2026-09-24T00:15:50.164Z.
Quote observation: 2026-09-23T20:00:01.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 5c1f10650eb4fc9b73bc15debf86bef54cea7cc204fc954dfe06a1b007bc3069
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
8.02x
EV/EBITDA RATIO AVG TTM
11.16x
EV/EBITDA RATIO AVG 3Y
12.52x
EV/EBITDA RATIO AVG 5Y
14.60x
EV/EBITDA RATIO AVG 10Y
21.07x
EV/EBITDA RATIO AVG 15Y
14.62x
EV/EBITDA RATIO AVG 20Y
16.99x
CURRENT VS TTM AVG
-28.13%
CURRENT VS 3Y AVG
-35.97%
CURRENT VS 5Y AVG
-45.06%
CURRENT VS 10Y AVG
-61.94%
CURRENT VS 15Y AVG
-45.14%
CURRENT VS 20Y AVG
-52.80%
SECTOR MEDIAN · ENERGY
9.02x
median of 48 covered companies
CURRENT VS SECTOR MEDIAN
-11.09%
vs the sector median at left
First Solar, Inc.
Market Cap
$20.63B
EV/EBITDA Ratio
8.02x
TTM Avg
11.16x
3Y Avg
12.52x
5Y Avg
14.60x
Market Cap
$20.15B
EV/EBITDA Ratio
3.61x
TTM Avg
6.01x
3Y Avg
9.12x
5Y Avg
7.32x
Market Cap
$23.16B
EV/EBITDA Ratio
30.98x
TTM Avg
38.86x
3Y Avg
37.40x
5Y Avg
33.07x
Market Cap
$26.65B
EV/EBITDA Ratio
13.72x
TTM Avg
12.94x
3Y Avg
12.73x
5Y Avg
13.33x
Market Cap
$27.58B
EV/EBITDA Ratio
9.05x
TTM Avg
9.41x
3Y Avg
7.76x
5Y Avg
9.65x
Market Cap
$10.15B
EV/EBITDA Ratio
14.40x
TTM Avg
14.00x
3Y Avg
12.93x
5Y Avg
12.24x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| First Solar, Inc. (FSLR) | $20.63B | 8.02x | 11.16x | 12.52x | 14.60x |
| Expand Energy Corporation (EXE)vs › | $20.15B | 3.61x | 6.01x | 9.12x | 7.32x |
| Texas Pacific Land Corporation (TPL)vs › | $23.16B | 30.98x | 38.86x | 37.40x | 33.07x |
| APA Corporation (APA)vs › | $15.45B | 5.75x | 3.14x | 2.94x | 3.31x |
| Pembina Pipeline Corporation (PBA)vs › | $26.65B | 13.72x | 12.94x | 12.73x | 13.33x |
| Halliburton Company (HAL)vs › | $27.58B | 9.05x | 9.41x | 7.76x | 9.65x |
| Nextpower Inc. (NXT)vs › | $12.41B | 15.16x | 20.25x | 16.21x | 16.77x |
| Tenaris S.A. (TS)vs › | $29.92B | 10.43x | 8.66x | 6.22x | 6.81x |
| Antero Midstream Corporation (AM)vs › | $10.15B | 14.40x | 14.00x | 12.93x | 12.24x |
| EQT Corporation (EQT)vs › | $31.95B | 5.59x | 7.03x | 8.24x | 9.90x |
At 8.0, EV/EBITDA is below its estimated 20-year median — higher than 19% 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
2.4
median
13.4
estimated 20-year high
345.5
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 |
|---|---|
| 2026-09-11 | 8.81x |
| 2026-09-10 | 8.73x |
| 2026-09-09 | 8.54x |
| 2026-09-08 | 9.00x |
| 2026-09-04 | 8.61x |
| 2026-09-03 | 8.74x |
| 2026-09-02 | 8.52x |
| 2026-09-01 | 8.39x |
| 2026-08-31 | 8.49x |
| 2026-08-28 | 8.61x |
| 2026-08-27 | 8.86x |
| 2026-08-26 | 8.67x |
| 2026-08-25 | 8.71x |
| 2026-08-24 | 8.78x |
| 2026-08-21 | 9.05x |
| 2026-08-20 | 9.04x |
| 2026-08-19 | 9.42x |
| 2026-08-18 | 9.31x |
| 2026-08-17 | 9.21x |
| 2026-08-14 | 9.56x |
| 2026-08-13 | 9.47x |
| 2026-08-12 | 9.61x |
| 2026-08-11 | 10.25x |
| 2026-08-10 | 10.18x |
| 2026-08-07 | 10.66x |
| 2026-08-06 | 10.40x |
| 2026-08-05 | 10.07x |
| 2026-08-04 | 10.37x |
| 2026-08-03 | 9.88x |
| 2026-07-31 | 8.90x |
| 2026-07-30 | 8.90x |
| 2026-07-29 | 8.58x |
| 2026-07-28 | 8.74x |
| 2026-07-27 | 8.89x |
| 2026-07-24 | 8.75x |
| 2026-07-23 | 8.90x |
| 2026-07-22 | 9.04x |
| 2026-07-21 | 8.91x |
| 2026-07-20 | 8.87x |
| 2026-07-17 | 9.19x |
| 2026-07-16 | 9.18x |
| 2026-07-15 | 9.75x |
| 2026-07-14 | 9.59x |
| 2026-07-13 | 9.61x |
| 2026-07-10 | 9.94x |
| 2026-07-09 | 9.97x |
| 2026-07-08 | 9.77x |
| 2026-07-07 | 9.93x |
| 2026-07-06 | 10.18x |
| 2026-07-02 | 9.78x |
| 2026-07-01 | 10.14x |
| 2026-06-30 | 10.32x |
| 2026-06-29 | 10.17x |
| 2026-06-26 | 10.47x |
| 2026-06-25 | 10.92x |
| 2026-06-24 | 10.91x |
| 2026-06-23 | 10.95x |
| 2026-06-22 | 11.61x |
| 2026-06-18 | 11.35x |
| 2026-06-17 | 11.21x |
| 2026-06-16 | 11.67x |
| 2026-06-15 | 12.10x |
| 2026-06-12 | 11.81x |
| 2026-06-11 | 11.99x |
| 2026-06-10 | 10.95x |
| 2026-06-09 | 11.56x |
| 2026-06-08 | 12.19x |
| 2026-06-05 | 12.36x |
| 2026-06-04 | 14.06x |
| 2026-06-03 | 14.22x |
| 2026-06-02 | 13.88x |
| 2026-06-01 | 13.50x |
| 2026-05-29 | 13.68x |
| 2026-05-28 | 13.51x |
| 2026-05-27 | 12.11x |
| 2026-05-26 | 11.93x |
| 2026-05-22 | 11.36x |
| 2026-05-21 | 10.93x |
| 2026-05-20 | 10.41x |
| 2026-05-19 | 9.65x |
| 2026-05-18 | 10.21x |
| 2026-05-15 | 10.20x |
| 2026-05-14 | 10.12x |
| 2026-05-13 | 10.26x |
| 2026-05-12 | 9.95x |
| 2026-05-11 | 10.19x |
| 2026-05-08 | 9.56x |
| 2026-05-07 | 9.31x |
| 2026-05-06 | 9.47x |
| 2026-05-05 | 9.54x |
| 2026-05-04 | 9.16x |
| 2026-05-01 | 9.17x |
| 2026-04-30 | 9.14x |
| 2026-04-29 | 8.57x |
| 2026-04-28 | 8.83x |
| 2026-04-27 | 8.92x |
| 2026-04-24 | 8.73x |
| 2026-04-23 | 8.85x |
| 2026-04-22 | 8.47x |
| 2026-04-21 | 8.36x |
| 2026-04-20 | 8.66x |
| 2026-04-17 | 8.56x |
| 2026-04-16 | 8.62x |
| 2026-04-15 | 8.80x |
| 2026-04-14 | 9.07x |
| 2026-04-13 | 9.06x |
| 2026-04-10 | 9.22x |
| 2026-04-09 | 8.90x |
| 2026-04-08 | 9.08x |
| 2026-04-07 | 8.65x |
| 2026-04-06 | 8.82x |
| 2026-04-02 | 8.81x |
| 2026-04-01 | 9.01x |
| 2026-03-31 | 8.90x |
| 2026-03-30 | 8.27x |
| 2026-03-27 | 8.55x |
| 2026-03-26 | 8.33x |
| 2026-03-25 | 8.71x |
| 2026-03-24 | 8.68x |
| 2026-03-23 | 8.53x |
| 2026-03-20 | 8.68x |
| 2026-03-19 | 9.03x |
| 2026-03-18 | 8.93x |
| 2026-03-17 | 9.06x |
| 2026-03-16 | 9.02x |
| 2026-03-13 | 8.84x |
| 2026-03-12 | 8.92x |
| 2026-03-11 | 9.06x |
| 2026-03-10 | 8.93x |
| 2026-03-09 | 8.81x |
| 2026-03-06 | 8.50x |
| 2026-03-05 | 8.63x |
| 2026-03-04 | 8.90x |
| 2026-03-03 | 8.92x |
| 2026-03-02 | 9.04x |
| 2026-02-27 | 8.90x |
| 2026-02-26 | 9.05x |
| 2026-02-25 | 9.56x |
| 2026-02-24 | 12.41x |
| 2026-02-23 | 12.35x |
| 2026-02-20 | 12.34x |
| 2026-02-19 | 11.88x |
| 2026-02-18 | 12.16x |
| 2026-02-17 | 11.50x |
| 2026-02-13 | 11.48x |
| 2026-02-12 | 11.20x |
| 2026-02-11 | 11.59x |
| 2026-02-10 | 11.51x |
| 2026-02-09 | 11.29x |
| 2026-02-06 | 11.11x |
| 2026-02-05 | 11.94x |
| 2026-02-04 | 12.14x |
| 2026-02-03 | 12.19x |
| 2026-02-02 | 11.74x |
| 2026-01-30 | 11.47x |
| 2026-01-29 | 11.39x |
| 2026-01-28 | 12.74x |
| 2026-01-27 | 11.98x |
| 2026-01-26 | 12.40x |
| 2026-01-23 | 12.35x |
| 2026-01-22 | 12.22x |
| 2026-01-21 | 12.44x |
| 2026-01-20 | 12.35x |
| 2026-01-16 | 12.44x |
| 2026-01-15 | 12.43x |
| 2026-01-14 | 12.05x |
| 2026-01-13 | 12.31x |
| 2026-01-12 | 12.12x |
| 2026-01-09 | 12.17x |
| 2026-01-08 | 12.57x |
| 2026-01-07 | 12.30x |
| 2026-01-06 | 13.77x |
| 2026-01-05 | 13.94x |
| 2026-01-02 | 14.07x |
| 2025-12-31 | 13.37x |
| 2025-12-30 | 13.53x |
| 2025-12-29 | 13.74x |
| 2025-12-26 | 13.82x |
| 2025-12-24 | 13.96x |
| 2025-12-23 | 13.81x |
| 2025-12-22 | 14.62x |
| 2025-12-19 | 13.68x |
| 2025-12-18 | 13.40x |
| 2025-12-17 | 12.99x |
| 2025-12-16 | 13.23x |
| 2025-12-15 | 13.09x |
| 2025-12-12 | 13.03x |
| 2025-12-11 | 13.99x |
| 2025-12-10 | 13.42x |
| 2025-12-09 | 12.95x |
| 2025-12-08 | 13.09x |
| 2025-12-05 | 13.18x |
| 2025-12-04 | 13.16x |
| 2025-12-03 | 13.10x |
| 2025-12-02 | 13.44x |
| 2025-12-01 | 13.49x |
| 2025-11-28 | 13.99x |
| 2025-11-26 | 13.96x |
| 2025-11-25 | 13.32x |
| 2025-11-24 | 13.30x |
| 2025-11-21 | 12.77x |
| 2025-11-20 | 12.55x |
| 2025-11-19 | 12.87x |
| 2025-11-18 | 12.89x |
| 2025-11-17 | 12.96x |
| 2025-11-14 | 12.94x |
| 2025-11-13 | 13.12x |
| 2025-11-12 | 13.71x |
| 2025-11-11 | 13.53x |
| 2025-11-10 | 13.98x |
| 2025-11-07 | 13.71x |
| 2025-11-06 | 13.94x |
| 2025-11-05 | 14.23x |
| 2025-11-04 | 13.45x |
| 2025-11-03 | 13.61x |
| 2025-10-31 | 13.67x |
| 2025-10-30 | 13.58x |
| 2025-10-29 | 14.05x |
| 2025-10-28 | 13.93x |
| 2025-10-27 | 14.40x |
| 2025-10-24 | 14.03x |
| 2025-10-23 | 13.31x |
| 2025-10-22 | 12.98x |
| 2025-10-21 | 13.19x |
| 2025-10-20 | 13.31x |
| 2025-10-17 | 13.48x |
| 2025-10-16 | 13.82x |
| 2025-10-15 | 14.21x |
| 2025-10-14 | 13.04x |
| 2025-10-13 | 13.14x |
| 2025-10-10 | 13.13x |
| 2025-10-09 | 13.62x |
| 2025-10-08 | 13.45x |
| 2025-10-07 | 13.25x |
| 2025-10-06 | 13.34x |
| 2025-10-03 | 13.38x |
| 2025-10-02 | 13.49x |
| 2025-10-01 | 13.07x |
| 2025-09-30 | 12.82x |
| 2025-09-29 | 12.99x |
| 2025-09-26 | 12.79x |
| 2025-09-25 | 12.96x |
| 2025-09-24 | 12.74x |
| 2025-09-23 | 12.54x |
| 2025-09-22 | 12.74x |
| 2025-09-19 | 12.35x |
| 2025-09-18 | 12.18x |
| 2025-09-17 | 12.24x |
| 2025-09-16 | 11.93x |
| 2025-09-15 | 12.03x |
| 2025-09-12 | 11.72x |
| 2025-09-11 | 11.81x |
| 2025-09-10 | 11.84x |
| 2025-09-09 | 11.80x |
| 2025-09-08 | 11.81x |
| 2025-09-05 | 11.92x |
| 2025-09-04 | 11.73x |
| 2025-09-03 | 11.71x |
| 2025-09-02 | 11.38x |
| 2025-08-29 | 11.34x |
Showing the most recent 260 of 4,529 data points. The chart above shows the full history.
