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 11.03x is 15% above its estimated 5-year average of 9.56x, near the high end of its estimated 5-year range (7.85x–11.64x).
As of 2026-09-12T00:15:49.255Z. 3.06% above its estimated 12-month average of 10.70x.
Calculation as of: 2026-09-12T00:15:49.255Z.
Quote observation: 2026-09-11T19:59:59.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 6d4f54bcb996590e9903f2dd188a7ab7c4e914c3260a515aa3a5fa239e2a29db
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 2026-09-10.
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
11.03x
EV/EBITDA RATIO AVG TTM
10.70x
EV/EBITDA RATIO AVG 3Y
9.84x
EV/EBITDA RATIO AVG 5Y
9.56x
EV/EBITDA RATIO AVG 10Y
10.90x
EV/EBITDA RATIO AVG 15Y
11.51x
EV/EBITDA RATIO AVG 20Y
11.21x
CURRENT VS TTM AVG
+3.06%
CURRENT VS 3Y AVG
+12.04%
CURRENT VS 5Y AVG
+15.41%
CURRENT VS 10Y AVG
+1.21%
CURRENT VS 15Y AVG
-4.16%
CURRENT VS 20Y AVG
-1.60%
SECTOR MEDIAN · CONSUMER DEFENSIVE
12.41x
median of 42 covered companies
CURRENT VS SECTOR MEDIAN
-11.12%
vs the sector median at left
Altria Group, Inc.
Market Cap
$115.17B
EV/EBITDA Ratio
11.03x
TTM Avg
10.70x
3Y Avg
9.84x
5Y Avg
9.56x
Market Cap
$119.15B
EV/EBITDA Ratio
N/A
TTM Avg
17.58x
3Y Avg
18.14x
5Y Avg
18.12x
Market Cap
$84.89B
EV/EBITDA Ratio
28.61x
TTM Avg
30.95x
3Y Avg
28.23x
5Y Avg
28.38x
Market Cap
$79.69B
EV/EBITDA Ratio
16.91x
TTM Avg
18.08x
3Y Avg
16.93x
5Y Avg
18.36x
Market Cap
$69.46B
EV/EBITDA Ratio
15.23x
TTM Avg
15.32x
3Y Avg
16.07x
5Y Avg
16.17x
Market Cap
$45.55B
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 |
|---|---|---|---|---|---|
| Altria Group, Inc. (MO) | $115.17B | 11.03x | 10.70x | 9.84x | 9.56x |
| British American Tobacco p.l.c. (BTI)vs › | $119.15B | N/A | 17.58x | 18.14x | 18.12x |
| Monster Beverage Corporation (MNST)vs › | $84.89B | 28.61x | 30.95x | 28.23x | 28.38x |
| Mondelez International, Inc. (MDLZ)vs › | $79.69B | 16.91x | 18.08x | 16.93x | 18.36x |
| Anheuser-Busch InBev SA/NV (BUD)vs › | $154.07B | N/A | N/A | N/A | N/A |
| Target Corporation (TGT)vs › | $70.78B | 9.14x | 8.31x | 8.85x | 9.77x |
| Colgate-Palmolive Company (CL)vs › | $69.46B | 15.23x | 15.32x | 16.07x | 16.17x |
| Coca-Cola Europacific Partners PLC (CCEP)vs › | $45.55B | N/A | N/A | N/A | N/A |
| PepsiCo, Inc. (PEP)vs › | $186.21B | 12.16x | 14.42x | 15.74x | 16.79x |
| Keurig Dr Pepper Inc. (KDP)vs › | $42.71B | 17.57x | 13.88x | 14.94x | 16.37x |
At 11.0, EV/EBITDA is near its estimated 20-year median — higher than 59% 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
3.2
median
10.6
estimated 20-year high
17.6
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 |
|---|---|
| 2026-09-10 | 11.02x |
| 2026-09-09 | 10.90x |
| 2026-09-08 | 10.93x |
| 2026-09-04 | 11.03x |
| 2026-09-03 | 11.11x |
| 2026-09-02 | 11.12x |
| 2026-09-01 | 11.12x |
| 2026-08-31 | 10.97x |
| 2026-08-28 | 11.00x |
| 2026-08-27 | 10.87x |
| 2026-08-26 | 11.06x |
| 2026-08-25 | 10.92x |
| 2026-08-24 | 10.97x |
| 2026-08-21 | 10.65x |
| 2026-08-20 | 10.77x |
| 2026-08-19 | 10.65x |
| 2026-08-18 | 10.53x |
| 2026-08-17 | 10.37x |
| 2026-08-14 | 10.60x |
| 2026-08-13 | 10.52x |
| 2026-08-12 | 10.42x |
| 2026-08-11 | 10.51x |
| 2026-08-10 | 10.58x |
| 2026-08-07 | 10.96x |
| 2026-08-06 | 10.88x |
| 2026-08-05 | 10.97x |
| 2026-08-04 | 10.92x |
| 2026-08-03 | 10.94x |
| 2026-07-31 | 10.95x |
| 2026-07-30 | 10.71x |
| 2026-07-29 | 11.64x |
| 2026-07-28 | 11.62x |
| 2026-07-27 | 11.37x |
| 2026-07-24 | 11.38x |
| 2026-07-23 | 11.26x |
| 2026-07-22 | 11.27x |
| 2026-07-21 | 11.38x |
| 2026-07-20 | 11.60x |
| 2026-07-17 | 11.54x |
| 2026-07-16 | 11.39x |
| 2026-07-15 | 11.05x |
| 2026-07-14 | 11.00x |
| 2026-07-13 | 11.23x |
| 2026-07-10 | 11.22x |
| 2026-07-09 | 11.19x |
| 2026-07-08 | 11.36x |
| 2026-07-07 | 11.38x |
| 2026-07-06 | 11.23x |
| 2026-07-02 | 11.34x |
| 2026-07-01 | 11.19x |
| 2026-06-30 | 11.24x |
| 2026-06-29 | 11.52x |
| 2026-06-26 | 11.49x |
| 2026-06-25 | 11.41x |
| 2026-06-24 | 11.26x |
| 2026-06-23 | 11.20x |
| 2026-06-22 | 10.92x |
| 2026-06-18 | 10.87x |
| 2026-06-17 | 10.84x |
| 2026-06-16 | 11.01x |
| 2026-06-15 | 10.93x |
| 2026-06-12 | 11.24x |
| 2026-06-11 | 11.17x |
| 2026-06-10 | 11.40x |
| 2026-06-09 | 11.19x |
| 2026-06-08 | 11.15x |
| 2026-06-05 | 11.27x |
| 2026-06-04 | 11.06x |
| 2026-06-03 | 11.02x |
| 2026-06-02 | 10.88x |
| 2026-06-01 | 10.80x |
| 2026-05-29 | 10.93x |
| 2026-05-28 | 11.25x |
| 2026-05-27 | 11.26x |
| 2026-05-26 | 11.30x |
| 2026-05-22 | 11.50x |
| 2026-05-21 | 11.48x |
| 2026-05-20 | 11.43x |
| 2026-05-19 | 11.52x |
| 2026-05-18 | 11.48x |
| 2026-05-15 | 11.39x |
| 2026-05-14 | 11.30x |
| 2026-05-13 | 11.19x |
| 2026-05-12 | 10.97x |
| 2026-05-11 | 10.80x |
| 2026-05-08 | 10.73x |
| 2026-05-07 | 10.86x |
| 2026-05-06 | 11.01x |
| 2026-05-05 | 11.35x |
| 2026-05-04 | 11.44x |
| 2026-05-01 | 11.59x |
| 2026-04-30 | 11.63x |
| 2026-04-29 | 11.02x |
| 2026-04-28 | 10.97x |
| 2026-04-27 | 10.72x |
| 2026-04-24 | 10.84x |
| 2026-04-23 | 10.88x |
| 2026-04-22 | 10.61x |
| 2026-04-21 | 10.54x |
| 2026-04-20 | 10.53x |
| 2026-04-17 | 10.47x |
| 2026-04-16 | 10.58x |
| 2026-04-15 | 10.51x |
| 2026-04-14 | 10.67x |
| 2026-04-13 | 10.83x |
| 2026-04-10 | 10.91x |
| 2026-04-09 | 10.92x |
| 2026-04-08 | 10.83x |
| 2026-04-07 | 10.76x |
| 2026-04-06 | 10.80x |
| 2026-04-02 | 10.69x |
| 2026-04-01 | 10.65x |
| 2026-03-31 | 10.72x |
| 2026-03-30 | 10.86x |
| 2026-03-27 | 10.79x |
| 2026-03-26 | 10.54x |
| 2026-03-25 | 10.42x |
| 2026-03-24 | 10.50x |
| 2026-03-23 | 10.50x |
| 2026-03-20 | 10.52x |
| 2026-03-19 | 10.60x |
| 2026-03-18 | 10.61x |
| 2026-03-17 | 10.86x |
| 2026-03-16 | 10.93x |
| 2026-03-13 | 10.98x |
| 2026-03-12 | 10.96x |
| 2026-03-11 | 10.77x |
| 2026-03-10 | 10.88x |
| 2026-03-09 | 10.87x |
| 2026-03-06 | 10.79x |
| 2026-03-05 | 10.86x |
| 2026-03-04 | 11.01x |
| 2026-03-03 | 11.12x |
| 2026-03-02 | 11.09x |
| 2026-02-27 | 11.14x |
| 2026-02-26 | 11.20x |
| 2026-02-25 | 11.36x |
| 2026-02-24 | 11.30x |
| 2026-02-23 | 11.26x |
| 2026-02-20 | 11.07x |
| 2026-02-19 | 11.12x |
| 2026-02-18 | 10.96x |
| 2026-02-17 | 10.93x |
| 2026-02-13 | 11.02x |
| 2026-02-12 | 10.99x |
| 2026-02-11 | 10.84x |
| 2026-02-10 | 10.63x |
| 2026-02-09 | 10.63x |
| 2026-02-06 | 10.77x |
| 2026-02-05 | 10.77x |
| 2026-02-04 | 10.74x |
| 2026-02-03 | 10.60x |
| 2026-02-02 | 10.33x |
| 2026-01-30 | 10.30x |
| 2026-01-29 | 10.00x |
| 2026-01-28 | 10.46x |
| 2026-01-27 | 10.53x |
| 2026-01-26 | 10.44x |
| 2026-01-23 | 10.29x |
| 2026-01-22 | 10.17x |
| 2026-01-21 | 10.18x |
| 2026-01-20 | 10.19x |
| 2026-01-16 | 10.27x |
| 2026-01-15 | 10.25x |
| 2026-01-14 | 10.23x |
| 2026-01-13 | 10.05x |
| 2026-01-12 | 9.83x |
| 2026-01-09 | 9.69x |
| 2026-01-08 | 9.47x |
| 2026-01-07 | 9.31x |
| 2026-01-06 | 9.37x |
| 2026-01-05 | 9.52x |
| 2026-01-02 | 9.66x |
| 2025-12-31 | 9.71x |
| 2025-12-30 | 9.72x |
| 2025-12-29 | 9.70x |
| 2025-12-26 | 9.70x |
| 2025-12-24 | 9.89x |
| 2025-12-23 | 9.86x |
| 2025-12-22 | 9.84x |
| 2025-12-19 | 9.76x |
| 2025-12-18 | 9.81x |
| 2025-12-17 | 9.92x |
| 2025-12-16 | 9.94x |
| 2025-12-15 | 9.90x |
| 2025-12-12 | 9.86x |
| 2025-12-11 | 9.85x |
| 2025-12-10 | 9.85x |
| 2025-12-09 | 9.78x |
| 2025-12-08 | 9.77x |
| 2025-12-05 | 9.75x |
| 2025-12-04 | 9.80x |
| 2025-12-03 | 9.81x |
| 2025-12-02 | 9.87x |
| 2025-12-01 | 9.91x |
| 2025-11-28 | 9.89x |
| 2025-11-26 | 9.85x |
| 2025-11-25 | 9.80x |
| 2025-11-24 | 9.66x |
| 2025-11-21 | 9.78x |
| 2025-11-20 | 9.78x |
| 2025-11-19 | 9.84x |
| 2025-11-18 | 9.88x |
| 2025-11-17 | 9.77x |
| 2025-11-14 | 9.78x |
| 2025-11-13 | 9.73x |
| 2025-11-12 | 9.76x |
| 2025-11-11 | 9.81x |
| 2025-11-10 | 9.69x |
| 2025-11-07 | 9.76x |
| 2025-11-06 | 9.66x |
| 2025-11-05 | 9.64x |
| 2025-11-04 | 9.66x |
| 2025-11-03 | 9.57x |
| 2025-10-31 | 9.53x |
| 2025-10-30 | 9.79x |
| 2025-10-29 | 10.46x |
| 2025-10-28 | 10.64x |
| 2025-10-27 | 10.71x |
| 2025-10-24 | 10.83x |
| 2025-10-23 | 10.82x |
| 2025-10-22 | 10.80x |
| 2025-10-21 | 10.71x |
| 2025-10-20 | 10.80x |
| 2025-10-17 | 10.89x |
| 2025-10-16 | 10.78x |
| 2025-10-15 | 10.86x |
| 2025-10-14 | 10.93x |
| 2025-10-13 | 10.87x |
| 2025-10-10 | 11.09x |
| 2025-10-09 | 10.98x |
| 2025-10-08 | 10.94x |
| 2025-10-07 | 11.11x |
| 2025-10-06 | 10.93x |
| 2025-10-03 | 10.98x |
| 2025-10-02 | 10.98x |
| 2025-10-01 | 11.06x |
| 2025-09-30 | 11.03x |
| 2025-09-29 | 10.97x |
| 2025-09-26 | 10.98x |
| 2025-09-25 | 10.91x |
| 2025-09-24 | 10.90x |
| 2025-09-23 | 10.86x |
| 2025-09-22 | 10.71x |
| 2025-09-19 | 10.86x |
| 2025-09-18 | 10.73x |
| 2025-09-17 | 10.95x |
| 2025-09-16 | 10.85x |
| 2025-09-15 | 10.86x |
| 2025-09-12 | 11.11x |
| 2025-09-11 | 11.07x |
| 2025-09-10 | 11.05x |
| 2025-09-09 | 11.04x |
| 2025-09-08 | 10.99x |
| 2025-09-05 | 11.09x |
| 2025-09-04 | 11.10x |
| 2025-09-03 | 11.10x |
| 2025-09-02 | 11.17x |
| 2025-08-29 | 11.18x |
| 2025-08-28 | 11.08x |
Showing the most recent 260 of 5,031 data points. The chart above shows the full history.
