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 10.79x is 32% above its estimated 5-year average of 8.16x, around the middle of its estimated 5-year range (2.46x–17.82x).
As of 2026-09-19T00:15:51.279Z. 18.60% below its estimated 12-month average of 13.25x.
Calculation as of: 2026-09-19T00:15:51.279Z.
Quote observation: 2026-09-18T20:00:02.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: f079b5553c5d52b9f34690e1492210dc64022d397c9b47185065a8019e9bc6b7
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
10.79x
EV/EBITDA RATIO AVG TTM
13.25x
EV/EBITDA RATIO AVG 3Y
10.75x
EV/EBITDA RATIO AVG 5Y
8.16x
EV/EBITDA RATIO AVG 10Y
10.26x
EV/EBITDA RATIO AVG 15Y
9.98x
EV/EBITDA RATIO AVG 20Y
8.94x
CURRENT VS TTM AVG
-18.60%
CURRENT VS 3Y AVG
+0.33%
CURRENT VS 5Y AVG
+32.29%
CURRENT VS 10Y AVG
+5.19%
CURRENT VS 15Y AVG
+8.12%
CURRENT VS 20Y AVG
+20.75%
SECTOR MEDIAN · UTILITIES
12.71x
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
-15.14%
vs the sector median at left
NRG Energy, Inc.
Market Cap
$21.87B
EV/EBITDA Ratio
10.79x
TTM Avg
13.25x
3Y Avg
10.75x
5Y Avg
8.16x
Market Cap
$21.28B
EV/EBITDA Ratio
8.24x
TTM Avg
8.34x
3Y Avg
10.14x
5Y Avg
11.76x
Market Cap
$20.49B
EV/EBITDA Ratio
13.87x
TTM Avg
13.79x
3Y Avg
13.62x
5Y Avg
13.59x
Market Cap
$25.18B
EV/EBITDA Ratio
12.87x
TTM Avg
13.89x
3Y Avg
12.63x
5Y Avg
12.47x
Market Cap
$26.19B
EV/EBITDA Ratio
11.78x
TTM Avg
12.16x
3Y Avg
12.53x
5Y Avg
13.04x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| NRG Energy, Inc. (NRG) | $21.87B | 10.79x | 13.25x | 10.75x | 8.16x |
| Edison International (EIX)vs › | $21.28B | 8.24x | 8.34x | 10.14x | 11.76x |
| CMS Energy Corporation (CMS)vs › | $20.49B | 13.87x | 13.79x | 13.62x | 13.59x |
| NiSource Inc (NI)vs › | $19.46B | 11.80x | 12.61x | 12.18x | 12.08x |
| PPL Corporation (PPL)vs › | $25.09B | 11.95x | 12.88x | 12.69x | 12.34x |
| CenterPoint Energy, Inc. (CNP)vs › | $25.18B | 12.87x | 13.89x | 12.63x | 12.47x |
| Evergy, Inc. (EVRG)vs › | $18.39B | 12.56x | 12.67x | 11.50x | 11.45x |
| Eversource Energy (ES)vs › | $25.47B | 9.89x | 10.34x | 12.10x | 12.86x |
| FirstEnergy Corp. (FE)vs › | $26.19B | 11.78x | 12.16x | 12.53x | 13.04x |
| DTE Energy Company (DTE)vs › | $26.74B | 13.80x | 13.71x | 12.72x | 12.97x |
At 10.8, EV/EBITDA is above its estimated 19-year median — higher than 65% of readings in its estimated 19-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 19-year low
2.5
median
8.9
estimated 19-year high
250.9
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 | 11.25x |
| 2026-09-10 | 11.16x |
| 2026-09-09 | 11.35x |
| 2026-09-08 | 11.56x |
| 2026-09-04 | 11.53x |
| 2026-09-03 | 11.17x |
| 2026-09-02 | 11.14x |
| 2026-09-01 | 11.06x |
| 2026-08-31 | 11.09x |
| 2026-08-28 | 11.14x |
| 2026-08-27 | 11.30x |
| 2026-08-26 | 11.39x |
| 2026-08-25 | 11.26x |
| 2026-08-24 | 11.17x |
| 2026-08-21 | 11.24x |
| 2026-08-20 | 11.35x |
| 2026-08-19 | 11.61x |
| 2026-08-18 | 11.36x |
| 2026-08-17 | 11.70x |
| 2026-08-14 | 11.89x |
| 2026-08-13 | 11.57x |
| 2026-08-12 | 11.61x |
| 2026-08-11 | 11.57x |
| 2026-08-10 | 11.53x |
| 2026-08-07 | 11.49x |
| 2026-08-06 | 11.53x |
| 2026-08-05 | 11.62x |
| 2026-08-04 | 15.61x |
| 2026-08-03 | 17.07x |
| 2026-07-31 | 16.79x |
| 2026-07-30 | 16.77x |
| 2026-07-29 | 16.10x |
| 2026-07-28 | 16.33x |
| 2026-07-27 | 16.94x |
| 2026-07-24 | 17.25x |
| 2026-07-23 | 17.38x |
| 2026-07-22 | 17.18x |
| 2026-07-21 | 16.60x |
| 2026-07-20 | 16.53x |
| 2026-07-17 | 16.43x |
| 2026-07-16 | 16.68x |
| 2026-07-15 | 17.04x |
| 2026-07-14 | 17.07x |
| 2026-07-13 | 17.14x |
| 2026-07-10 | 17.21x |
| 2026-07-09 | 17.21x |
| 2026-07-08 | 17.01x |
| 2026-07-07 | 17.04x |
| 2026-07-06 | 17.25x |
| 2026-07-02 | 16.95x |
| 2026-07-01 | 17.23x |
| 2026-06-30 | 17.59x |
| 2026-06-29 | 17.80x |
| 2026-06-26 | 17.82x |
| 2026-06-25 | 17.67x |
| 2026-06-24 | 17.33x |
| 2026-06-23 | 17.02x |
| 2026-06-22 | 17.10x |
| 2026-06-18 | 16.84x |
| 2026-06-17 | 16.64x |
| 2026-06-16 | 16.64x |
| 2026-06-15 | 16.52x |
| 2026-06-12 | 16.19x |
| 2026-06-11 | 16.06x |
| 2026-06-10 | 15.86x |
| 2026-06-09 | 16.49x |
| 2026-06-08 | 16.34x |
| 2026-06-05 | 16.44x |
| 2026-06-04 | 16.73x |
| 2026-06-03 | 16.75x |
| 2026-06-02 | 16.74x |
| 2026-06-01 | 16.46x |
| 2026-05-29 | 16.77x |
| 2026-05-28 | 17.01x |
| 2026-05-27 | 17.04x |
| 2026-05-26 | 17.21x |
| 2026-05-22 | 17.02x |
| 2026-05-21 | 16.97x |
| 2026-05-20 | 16.77x |
| 2026-05-19 | 16.07x |
| 2026-05-18 | 16.19x |
| 2026-05-15 | 16.35x |
| 2026-05-14 | 16.82x |
| 2026-05-13 | 16.57x |
| 2026-05-12 | 17.00x |
| 2026-05-11 | 16.99x |
| 2026-05-08 | 17.05x |
| 2026-05-07 | 17.31x |
| 2026-05-06 | 10.70x |
| 2026-05-05 | 11.04x |
| 2026-05-04 | 10.91x |
| 2026-05-01 | 10.83x |
| 2026-04-30 | 10.95x |
| 2026-04-29 | 10.62x |
| 2026-04-28 | 10.91x |
| 2026-04-27 | 11.17x |
| 2026-04-24 | 11.16x |
| 2026-04-23 | 10.89x |
| 2026-04-22 | 10.65x |
| 2026-04-21 | 10.66x |
| 2026-04-20 | 11.03x |
| 2026-04-17 | 11.55x |
| 2026-04-16 | 11.59x |
| 2026-04-15 | 11.59x |
| 2026-04-14 | 11.71x |
| 2026-04-13 | 11.68x |
| 2026-04-10 | 11.37x |
| 2026-04-09 | 11.26x |
| 2026-04-08 | 11.18x |
| 2026-04-07 | 10.82x |
| 2026-04-06 | 10.66x |
| 2026-04-02 | 10.80x |
| 2026-04-01 | 10.66x |
| 2026-03-31 | 10.47x |
| 2026-03-30 | 10.23x |
| 2026-03-27 | 10.55x |
| 2026-03-26 | 10.47x |
| 2026-03-25 | 10.72x |
| 2026-03-24 | 10.72x |
| 2026-03-23 | 10.75x |
| 2026-03-20 | 10.46x |
| 2026-03-19 | 11.24x |
| 2026-03-18 | 11.12x |
| 2026-03-17 | 10.90x |
| 2026-03-16 | 10.79x |
| 2026-03-13 | 10.81x |
| 2026-03-12 | 10.77x |
| 2026-03-11 | 10.60x |
| 2026-03-10 | 10.92x |
| 2026-03-09 | 10.94x |
| 2026-03-06 | 10.88x |
| 2026-03-05 | 11.19x |
| 2026-03-04 | 11.34x |
| 2026-03-03 | 11.27x |
| 2026-03-02 | 11.95x |
| 2026-02-27 | 12.12x |
| 2026-02-26 | 12.23x |
| 2026-02-25 | 12.35x |
| 2026-02-24 | 11.99x |
| 2026-02-23 | 11.61x |
| 2026-02-20 | 11.75x |
| 2026-02-19 | 11.54x |
| 2026-02-18 | 11.34x |
| 2026-02-17 | 11.46x |
| 2026-02-13 | 11.41x |
| 2026-02-12 | 10.89x |
| 2026-02-11 | 10.83x |
| 2026-02-10 | 10.62x |
| 2026-02-09 | 10.58x |
| 2026-02-06 | 10.47x |
| 2026-02-05 | 10.03x |
| 2026-02-04 | 10.00x |
| 2026-02-03 | 10.41x |
| 2026-02-02 | 10.26x |
| 2026-01-30 | 10.43x |
| 2026-01-29 | 10.49x |
| 2026-01-28 | 10.55x |
| 2026-01-27 | 10.60x |
| 2026-01-26 | 10.30x |
| 2026-01-23 | 10.27x |
| 2026-01-22 | 10.36x |
| 2026-01-21 | 10.34x |
| 2026-01-20 | 10.25x |
| 2026-01-16 | 10.40x |
| 2026-01-15 | 10.72x |
| 2026-01-14 | 10.29x |
| 2026-01-13 | 10.33x |
| 2026-01-12 | 10.25x |
| 2026-01-09 | 10.27x |
| 2026-01-08 | 9.98x |
| 2026-01-07 | 10.25x |
| 2026-01-06 | 10.78x |
| 2026-01-05 | 10.88x |
| 2026-01-02 | 11.10x |
| 2025-12-31 | 10.76x |
| 2025-12-30 | 10.82x |
| 2025-12-29 | 10.84x |
| 2025-12-26 | 10.84x |
| 2025-12-24 | 10.82x |
| 2025-12-23 | 10.70x |
| 2025-12-22 | 10.65x |
| 2025-12-19 | 10.61x |
| 2025-12-18 | 10.53x |
| 2025-12-17 | 10.28x |
| 2025-12-16 | 10.80x |
| 2025-12-15 | 10.80x |
| 2025-12-12 | 10.87x |
| 2025-12-11 | 11.32x |
| 2025-12-10 | 11.20x |
| 2025-12-09 | 11.13x |
| 2025-12-08 | 11.00x |
| 2025-12-05 | 10.94x |
| 2025-12-04 | 11.26x |
| 2025-12-03 | 11.13x |
| 2025-12-02 | 11.00x |
| 2025-12-01 | 11.08x |
| 2025-11-28 | 11.27x |
| 2025-11-26 | 11.22x |
| 2025-11-25 | 10.99x |
| 2025-11-24 | 11.14x |
| 2025-11-21 | 10.76x |
| 2025-11-20 | 10.82x |
| 2025-11-19 | 11.23x |
| 2025-11-18 | 11.12x |
| 2025-11-17 | 10.96x |
| 2025-11-14 | 11.05x |
| 2025-11-13 | 11.10x |
| 2025-11-12 | 11.23x |
| 2025-11-11 | 10.94x |
| 2025-11-10 | 11.13x |
| 2025-11-07 | 11.41x |
| 2025-11-06 | 16.40x |
| 2025-11-05 | 16.63x |
| 2025-11-04 | 16.25x |
| 2025-11-03 | 16.72x |
| 2025-10-31 | 16.53x |
| 2025-10-30 | 16.63x |
| 2025-10-29 | 17.01x |
| 2025-10-28 | 16.60x |
| 2025-10-27 | 16.59x |
| 2025-10-24 | 16.42x |
| 2025-10-23 | 15.95x |
| 2025-10-22 | 15.70x |
| 2025-10-21 | 15.93x |
| 2025-10-20 | 16.18x |
| 2025-10-17 | 16.31x |
| 2025-10-16 | 16.39x |
| 2025-10-15 | 16.49x |
| 2025-10-14 | 16.08x |
| 2025-10-13 | 16.31x |
| 2025-10-10 | 15.70x |
| 2025-10-09 | 16.27x |
| 2025-10-08 | 16.22x |
| 2025-10-07 | 15.86x |
| 2025-10-06 | 15.96x |
| 2025-10-03 | 16.13x |
| 2025-10-02 | 16.20x |
| 2025-10-01 | 15.81x |
| 2025-09-30 | 15.81x |
| 2025-09-29 | 16.06x |
| 2025-09-26 | 16.29x |
| 2025-09-25 | 15.89x |
| 2025-09-24 | 16.08x |
| 2025-09-23 | 16.21x |
| 2025-09-22 | 16.47x |
| 2025-09-19 | 15.99x |
| 2025-09-18 | 15.98x |
| 2025-09-17 | 16.00x |
| 2025-09-16 | 15.98x |
| 2025-09-15 | 16.11x |
| 2025-09-12 | 16.02x |
| 2025-09-11 | 15.52x |
| 2025-09-10 | 15.76x |
| 2025-09-09 | 15.11x |
| 2025-09-08 | 14.78x |
| 2025-09-05 | 14.77x |
| 2025-09-04 | 14.80x |
| 2025-09-03 | 14.72x |
| 2025-09-02 | 14.59x |
| 2025-08-29 | 14.62x |
Showing the most recent 260 of 4,262 data points. The chart above shows the full history.
