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 9.14x is 11% below its estimated 5-year average of 10.24x, near the low end of its estimated 5-year range (5.68x–19.44x).
As of 2026-09-23T13:30:54.289Z. 17.87% below its estimated 12-month average of 11.13x.
Calculation as of: 2026-09-23T13:30:54.289Z.
Quote observation: 2026-09-23T13:30:20.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 81692329afcfb373f9285c6ec5fbc20bb21e5c78cfc984b6fd2e22cb74db49de
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
9.14x
EV/EBITDA RATIO AVG TTM
11.13x
EV/EBITDA RATIO AVG 3Y
11.16x
EV/EBITDA RATIO AVG 5Y
10.24x
EV/EBITDA RATIO AVG 10Y
8.52x
EV/EBITDA RATIO AVG 15Y
7.91x
EV/EBITDA RATIO AVG 20Y
7.97x
CURRENT VS TTM AVG
-17.87%
CURRENT VS 3Y AVG
-18.13%
CURRENT VS 5Y AVG
-10.74%
CURRENT VS 10Y AVG
+7.26%
CURRENT VS 15Y AVG
+15.59%
CURRENT VS 20Y AVG
+14.71%
SECTOR MEDIAN · INDUSTRIALS
16.48x
median of 129 covered companies
CURRENT VS SECTOR MEDIAN
-44.54%
vs the sector median at left
Southwest Airlines Co.
Market Cap
$20.32B
EV/EBITDA Ratio
9.14x
TTM Avg
11.13x
3Y Avg
11.16x
5Y Avg
10.24x
Market Cap
$20.80B
EV/EBITDA Ratio
17.81x
TTM Avg
20.17x
3Y Avg
91.20x
5Y Avg
75.91x
Market Cap
$20.30B
EV/EBITDA Ratio
25.95x
TTM Avg
33.34x
3Y Avg
24.74x
5Y Avg
20.67x
Market Cap
$19.23B
EV/EBITDA Ratio
14.44x
TTM Avg
13.84x
3Y Avg
12.22x
5Y Avg
11.41x
Market Cap
$22.13B
EV/EBITDA Ratio
13.90x
TTM Avg
14.33x
3Y Avg
12.41x
5Y Avg
12.11x
Market Cap
$23.35B
EV/EBITDA Ratio
17.90x
TTM Avg
18.35x
3Y Avg
19.64x
5Y Avg
19.64x
Market Cap
$17.63B
EV/EBITDA Ratio
20.38x
TTM Avg
19.66x
3Y Avg
19.22x
5Y Avg
19.26x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Southwest Airlines Co. (LUV) | $20.32B | 9.14x | 11.13x | 11.16x | 10.24x |
| XPO Logistics, Inc. (XPO)vs › | $20.80B | 17.81x | 20.17x | 91.20x | 75.91x |
| Curtiss-Wright Corporation (CW)vs › | $20.30B | 25.95x | 33.34x | 24.74x | 20.67x |
| Snap-on Incorporated (SNA)vs › | $19.23B | 14.44x | 13.84x | 12.22x | 11.41x |
| MTU Aero Engines AG (MTUAY)vs › | $22.11B | N/A | N/A | N/A | N/A |
| J.B. Hunt Transport Services, Inc. (JBHT)vs › | $22.13B | 13.90x | 14.33x | 12.41x | 12.11x |
| Equifax Inc. (EFX)vs › | $18.71B | 12.71x | 15.80x | 20.16x | 20.12x |
| Veralto Corporation (VLTO)vs › | $23.35B | 17.90x | 18.35x | 19.64x | 19.64x |
| Nordson Corporation (NDSN)vs › | $17.63B | 20.38x | 19.66x | 19.22x | 19.26x |
| MasTec, Inc. (MTZ)vs › | $17.97B | 14.98x | 21.01x | 15.45x | 13.40x |
At 9.1, EV/EBITDA is above its estimated 20-year median — higher than 72% 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
4.0
median
7.9
estimated 20-year high
19.4
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 | 8.84x |
| 2026-09-10 | 8.74x |
| 2026-09-09 | 8.73x |
| 2026-09-08 | 8.73x |
| 2026-09-04 | 8.91x |
| 2026-09-03 | 8.74x |
| 2026-09-02 | 8.72x |
| 2026-09-01 | 8.54x |
| 2026-08-31 | 8.71x |
| 2026-08-28 | 8.92x |
| 2026-08-27 | 8.94x |
| 2026-08-26 | 9.11x |
| 2026-08-25 | 9.14x |
| 2026-08-24 | 9.12x |
| 2026-08-21 | 9.06x |
| 2026-08-20 | 8.97x |
| 2026-08-19 | 9.26x |
| 2026-08-18 | 9.46x |
| 2026-08-17 | 9.63x |
| 2026-08-14 | 9.80x |
| 2026-08-13 | 9.92x |
| 2026-08-12 | 9.94x |
| 2026-08-11 | 10.04x |
| 2026-08-10 | 9.92x |
| 2026-08-07 | 10.33x |
| 2026-08-06 | 10.31x |
| 2026-08-05 | 10.67x |
| 2026-08-04 | 10.65x |
| 2026-08-03 | 10.34x |
| 2026-07-31 | 9.94x |
| 2026-07-30 | 10.06x |
| 2026-07-29 | 9.82x |
| 2026-07-28 | 10.19x |
| 2026-07-27 | 10.01x |
| 2026-07-24 | 9.96x |
| 2026-07-23 | 10.22x |
| 2026-07-22 | 10.81x |
| 2026-07-21 | 11.01x |
| 2026-07-20 | 10.94x |
| 2026-07-17 | 10.89x |
| 2026-07-16 | 11.16x |
| 2026-07-15 | 11.12x |
| 2026-07-14 | 10.79x |
| 2026-07-13 | 10.86x |
| 2026-07-10 | 10.96x |
| 2026-07-09 | 11.11x |
| 2026-07-08 | 11.00x |
| 2026-07-07 | 11.16x |
| 2026-07-06 | 11.43x |
| 2026-07-02 | 11.32x |
| 2026-07-01 | 11.36x |
| 2026-06-30 | 11.55x |
| 2026-06-29 | 11.59x |
| 2026-06-26 | 11.65x |
| 2026-06-25 | 11.68x |
| 2026-06-24 | 11.45x |
| 2026-06-23 | 11.15x |
| 2026-06-22 | 10.99x |
| 2026-06-18 | 10.87x |
| 2026-06-17 | 10.61x |
| 2026-06-16 | 10.76x |
| 2026-06-15 | 10.49x |
| 2026-06-12 | 10.37x |
| 2026-06-11 | 10.14x |
| 2026-06-10 | 9.57x |
| 2026-06-09 | 9.92x |
| 2026-06-08 | 9.49x |
| 2026-06-05 | 9.60x |
| 2026-06-04 | 9.55x |
| 2026-06-03 | 9.46x |
| 2026-06-02 | 9.75x |
| 2026-06-01 | 9.84x |
| 2026-05-29 | 9.87x |
| 2026-05-28 | 9.95x |
| 2026-05-27 | 10.02x |
| 2026-05-26 | 9.74x |
| 2026-05-22 | 9.46x |
| 2026-05-21 | 9.45x |
| 2026-05-20 | 9.23x |
| 2026-05-19 | 8.77x |
| 2026-05-18 | 8.97x |
| 2026-05-15 | 9.00x |
| 2026-05-14 | 9.16x |
| 2026-05-13 | 9.18x |
| 2026-05-12 | 9.19x |
| 2026-05-11 | 9.29x |
| 2026-05-08 | 9.55x |
| 2026-05-07 | 9.57x |
| 2026-05-06 | 9.59x |
| 2026-05-05 | 9.23x |
| 2026-05-04 | 8.97x |
| 2026-05-01 | 9.05x |
| 2026-04-30 | 8.88x |
| 2026-04-29 | 8.74x |
| 2026-04-28 | 8.90x |
| 2026-04-27 | 8.94x |
| 2026-04-24 | 9.18x |
| 2026-04-23 | 11.47x |
| 2026-04-22 | 11.89x |
| 2026-04-21 | 12.30x |
| 2026-04-20 | 12.54x |
| 2026-04-17 | 12.77x |
| 2026-04-16 | 12.23x |
| 2026-04-15 | 12.51x |
| 2026-04-14 | 12.39x |
| 2026-04-13 | 11.92x |
| 2026-04-10 | 11.95x |
| 2026-04-09 | 12.12x |
| 2026-04-08 | 12.17x |
| 2026-04-07 | 11.50x |
| 2026-04-06 | 11.58x |
| 2026-04-02 | 11.43x |
| 2026-04-01 | 11.60x |
| 2026-03-31 | 11.42x |
| 2026-03-30 | 11.09x |
| 2026-03-27 | 11.37x |
| 2026-03-26 | 11.94x |
| 2026-03-25 | 12.11x |
| 2026-03-24 | 12.02x |
| 2026-03-23 | 12.15x |
| 2026-03-20 | 11.91x |
| 2026-03-19 | 12.29x |
| 2026-03-18 | 12.11x |
| 2026-03-17 | 12.35x |
| 2026-03-16 | 12.12x |
| 2026-03-13 | 11.73x |
| 2026-03-12 | 11.70x |
| 2026-03-11 | 12.55x |
| 2026-03-10 | 12.80x |
| 2026-03-09 | 12.86x |
| 2026-03-06 | 12.47x |
| 2026-03-05 | 13.08x |
| 2026-03-04 | 13.93x |
| 2026-03-03 | 14.09x |
| 2026-03-02 | 14.23x |
| 2026-02-27 | 14.49x |
| 2026-02-26 | 14.92x |
| 2026-02-25 | 14.65x |
| 2026-02-24 | 14.85x |
| 2026-02-23 | 14.92x |
| 2026-02-20 | 15.23x |
| 2026-02-19 | 15.23x |
| 2026-02-18 | 15.94x |
| 2026-02-17 | 15.80x |
| 2026-02-13 | 14.97x |
| 2026-02-12 | 14.90x |
| 2026-02-11 | 15.06x |
| 2026-02-10 | 15.75x |
| 2026-02-09 | 15.56x |
| 2026-02-06 | 15.80x |
| 2026-02-05 | 15.68x |
| 2026-02-04 | 15.70x |
| 2026-02-03 | 15.31x |
| 2026-02-02 | 14.89x |
| 2026-01-30 | 14.31x |
| 2026-01-29 | 14.57x |
| 2026-01-28 | 12.47x |
| 2026-01-27 | 12.61x |
| 2026-01-26 | 12.79x |
| 2026-01-23 | 12.77x |
| 2026-01-22 | 12.91x |
| 2026-01-21 | 13.02x |
| 2026-01-20 | 12.89x |
| 2026-01-16 | 13.09x |
| 2026-01-15 | 13.09x |
| 2026-01-14 | 12.94x |
| 2026-01-13 | 13.12x |
| 2026-01-12 | 13.30x |
| 2026-01-09 | 13.48x |
| 2026-01-08 | 13.04x |
| 2026-01-07 | 12.96x |
| 2026-01-06 | 12.92x |
| 2026-01-05 | 12.91x |
| 2026-01-02 | 12.59x |
| 2025-12-31 | 12.60x |
| 2025-12-30 | 12.59x |
| 2025-12-29 | 12.54x |
| 2025-12-26 | 12.59x |
| 2025-12-24 | 12.64x |
| 2025-12-23 | 12.67x |
| 2025-12-22 | 12.85x |
| 2025-12-19 | 12.58x |
| 2025-12-18 | 12.44x |
| 2025-12-17 | 12.51x |
| 2025-12-16 | 12.83x |
| 2025-12-15 | 12.71x |
| 2025-12-12 | 12.56x |
| 2025-12-11 | 12.44x |
| 2025-12-10 | 12.19x |
| 2025-12-09 | 11.73x |
| 2025-12-08 | 11.67x |
| 2025-12-05 | 11.64x |
| 2025-12-04 | 11.08x |
| 2025-12-03 | 11.05x |
| 2025-12-02 | 10.98x |
| 2025-12-01 | 10.80x |
| 2025-11-28 | 10.81x |
| 2025-11-26 | 10.88x |
| 2025-11-25 | 10.68x |
| 2025-11-24 | 10.39x |
| 2025-11-21 | 10.26x |
| 2025-11-20 | 9.80x |
| 2025-11-19 | 10.01x |
| 2025-11-18 | 10.02x |
| 2025-11-17 | 9.99x |
| 2025-11-14 | 10.26x |
| 2025-11-13 | 10.32x |
| 2025-11-12 | 10.40x |
| 2025-11-11 | 10.03x |
| 2025-11-10 | 10.22x |
| 2025-11-07 | 10.16x |
| 2025-11-06 | 9.90x |
| 2025-11-05 | 9.93x |
| 2025-11-04 | 9.39x |
| 2025-11-03 | 9.60x |
| 2025-10-31 | 9.57x |
| 2025-10-30 | 9.51x |
| 2025-10-29 | 9.67x |
| 2025-10-28 | 9.79x |
| 2025-10-27 | 10.10x |
| 2025-10-24 | 10.09x |
| 2025-10-23 | 9.69x |
| 2025-10-22 | 10.28x |
| 2025-10-21 | 10.53x |
| 2025-10-20 | 10.46x |
| 2025-10-17 | 10.21x |
| 2025-10-16 | 10.15x |
| 2025-10-15 | 10.22x |
| 2025-10-14 | 10.18x |
| 2025-10-13 | 9.76x |
| 2025-10-10 | 9.59x |
| 2025-10-09 | 9.70x |
| 2025-10-08 | 9.91x |
| 2025-10-07 | 9.90x |
| 2025-10-06 | 9.95x |
| 2025-10-03 | 9.93x |
| 2025-10-02 | 9.88x |
| 2025-10-01 | 9.87x |
| 2025-09-30 | 9.76x |
| 2025-09-29 | 10.00x |
| 2025-09-26 | 9.94x |
| 2025-09-25 | 9.77x |
| 2025-09-24 | 10.08x |
| 2025-09-23 | 10.16x |
| 2025-09-22 | 9.87x |
| 2025-09-19 | 9.93x |
| 2025-09-18 | 9.86x |
| 2025-09-17 | 9.82x |
| 2025-09-16 | 9.67x |
| 2025-09-15 | 9.63x |
| 2025-09-12 | 9.70x |
| 2025-09-11 | 9.71x |
| 2025-09-10 | 9.54x |
| 2025-09-09 | 9.51x |
| 2025-09-08 | 9.71x |
| 2025-09-05 | 9.62x |
| 2025-09-04 | 9.55x |
| 2025-09-03 | 9.88x |
| 2025-09-02 | 9.86x |
| 2025-08-29 | 10.04x |
Showing the most recent 260 of 4,781 data points. The chart above shows the full history.
