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 13.26x is 74% above its estimated 5-year average of 7.63x, around the middle of its estimated 5-year range (2.43x–18.85x).
As of 2026-09-21T15:02:31.226Z. 11.88% below its estimated 12-month average of 15.05x.
Calculation as of: 2026-09-21T15:02:31.226Z.
Quote observation: 2026-09-21T15:00:33.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: ab3488fae6c514bf965307f510c1c339bccc9465295b72d50a872e0edf3e4197
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
13.26x
EV/EBITDA RATIO AVG TTM
15.05x
EV/EBITDA RATIO AVG 3Y
10.15x
EV/EBITDA RATIO AVG 5Y
7.63x
EV/EBITDA RATIO AVG 10Y
7.51x
EV/EBITDA RATIO AVG 15Y
8.33x
EV/EBITDA RATIO AVG 20Y
8.13x
CURRENT VS TTM AVG
-11.88%
CURRENT VS 3Y AVG
+30.64%
CURRENT VS 5Y AVG
+73.84%
CURRENT VS 10Y AVG
+76.63%
CURRENT VS 15Y AVG
+59.26%
CURRENT VS 20Y AVG
+63.19%
SECTOR MEDIAN · BASIC MATERIALS
12.54x
median of 50 covered companies
CURRENT VS SECTOR MEDIAN
+5.70%
vs the sector median at left
Steel Dynamics, Inc.
Market Cap
$33.19B
EV/EBITDA Ratio
13.26x
TTM Avg
15.05x
3Y Avg
10.15x
5Y Avg
7.63x
Market Cap
$31.94B
EV/EBITDA Ratio
7.92x
TTM Avg
10.68x
3Y Avg
11.36x
5Y Avg
8.62x
Market Cap
$31.60B
EV/EBITDA Ratio
15.63x
TTM Avg
18.69x
3Y Avg
18.91x
5Y Avg
18.99x
Market Cap
$29.76B
EV/EBITDA Ratio
16.97x
TTM Avg
19.49x
3Y Avg
16.39x
5Y Avg
16.93x
Market Cap
$23.23B
EV/EBITDA Ratio
11.27x
TTM Avg
12.11x
3Y Avg
12.72x
5Y Avg
14.51x
Market Cap
$21.30B
EV/EBITDA Ratio
15.65x
TTM Avg
30.41x
3Y Avg
29.27x
5Y Avg
28.38x
Market Cap
$20.98B
EV/EBITDA Ratio
16.60x
TTM Avg
20.70x
3Y Avg
18.69x
5Y Avg
17.26x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Steel Dynamics, Inc. (STLD) | $33.19B | 13.26x | 15.05x | 10.15x | 7.63x |
| Teck Resources Limited (TECK)vs › | $31.94B | 7.92x | 10.68x | 11.36x | 8.62x |
| Vulcan Materials Company (VMC)vs › | $31.60B | 15.63x | 18.69x | 18.91x | 18.99x |
| Nutrien Ltd. (NTR)vs › | $35.50B | 7.24x | 7.62x | 7.82x | 7.40x |
| Martin Marietta Materials, Inc. (MLM)vs › | $29.76B | 16.97x | 19.49x | 16.39x | 16.93x |
| PPG Industries, Inc. (PPG)vs › | $23.23B | 11.27x | 12.11x | 12.72x | 14.51x |
| International Flavors & Fragrances Inc. (IFF)vs › | $21.30B | 15.65x | 30.41x | 29.27x | 28.38x |
| Royal Gold, Inc. (RGLD)vs › | $20.98B | 16.60x | 20.70x | 18.69x | 17.26x |
| Dow Inc. (DOW)vs › | $20.28B | 17.94x | 18.24x | 12.41x | 9.85x |
| Coeur Mining, Inc. (CDE)vs › | $20.07B | 12.15x | 13.36x | 14.16x | 10.85x |
At 13.3, EV/EBITDA is above its estimated 20-year median — higher than 86% 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
8.3
estimated 20-year high
40.5
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 | 13.78x |
| 2026-09-10 | 13.64x |
| 2026-09-09 | 13.83x |
| 2026-09-08 | 13.81x |
| 2026-09-04 | 13.90x |
| 2026-09-03 | 14.11x |
| 2026-09-02 | 14.19x |
| 2026-09-01 | 13.48x |
| 2026-08-31 | 13.41x |
| 2026-08-28 | 13.51x |
| 2026-08-27 | 13.58x |
| 2026-08-26 | 13.58x |
| 2026-08-25 | 13.33x |
| 2026-08-24 | 13.23x |
| 2026-08-21 | 13.20x |
| 2026-08-20 | 12.70x |
| 2026-08-19 | 13.32x |
| 2026-08-18 | 14.30x |
| 2026-08-17 | 14.74x |
| 2026-08-14 | 14.61x |
| 2026-08-13 | 14.86x |
| 2026-08-12 | 15.00x |
| 2026-08-11 | 15.02x |
| 2026-08-10 | 15.28x |
| 2026-08-07 | 14.96x |
| 2026-08-06 | 14.91x |
| 2026-08-05 | 15.14x |
| 2026-08-04 | 15.10x |
| 2026-08-03 | 14.75x |
| 2026-07-31 | 14.38x |
| 2026-07-30 | 14.44x |
| 2026-07-29 | 14.43x |
| 2026-07-28 | 17.44x |
| 2026-07-27 | 16.86x |
| 2026-07-24 | 16.66x |
| 2026-07-23 | 16.26x |
| 2026-07-22 | 16.15x |
| 2026-07-21 | 15.83x |
| 2026-07-20 | 15.65x |
| 2026-07-17 | 15.95x |
| 2026-07-16 | 15.92x |
| 2026-07-15 | 15.96x |
| 2026-07-14 | 15.82x |
| 2026-07-13 | 15.87x |
| 2026-07-10 | 15.52x |
| 2026-07-09 | 15.13x |
| 2026-07-08 | 15.54x |
| 2026-07-07 | 15.59x |
| 2026-07-06 | 15.44x |
| 2026-07-02 | 15.03x |
| 2026-07-01 | 15.11x |
| 2026-06-30 | 15.58x |
| 2026-06-29 | 15.88x |
| 2026-06-26 | 16.57x |
| 2026-06-25 | 16.90x |
| 2026-06-24 | 16.32x |
| 2026-06-23 | 16.46x |
| 2026-06-22 | 16.90x |
| 2026-06-18 | 16.84x |
| 2026-06-17 | 18.07x |
| 2026-06-16 | 18.33x |
| 2026-06-15 | 18.20x |
| 2026-06-12 | 18.85x |
| 2026-06-11 | 18.65x |
| 2026-06-10 | 17.96x |
| 2026-06-09 | 18.05x |
| 2026-06-08 | 17.89x |
| 2026-06-05 | 17.97x |
| 2026-06-04 | 18.49x |
| 2026-06-03 | 18.38x |
| 2026-06-02 | 18.15x |
| 2026-06-01 | 17.55x |
| 2026-05-29 | 17.46x |
| 2026-05-28 | 17.50x |
| 2026-05-27 | 17.34x |
| 2026-05-26 | 16.87x |
| 2026-05-22 | 16.23x |
| 2026-05-21 | 15.73x |
| 2026-05-20 | 15.51x |
| 2026-05-19 | 15.21x |
| 2026-05-18 | 15.53x |
| 2026-05-15 | 15.58x |
| 2026-05-14 | 15.90x |
| 2026-05-13 | 16.05x |
| 2026-05-12 | 15.79x |
| 2026-05-11 | 15.98x |
| 2026-05-08 | 15.93x |
| 2026-05-07 | 15.80x |
| 2026-05-06 | 16.34x |
| 2026-05-05 | 16.07x |
| 2026-05-04 | 15.61x |
| 2026-05-01 | 15.57x |
| 2026-04-30 | 15.54x |
| 2026-04-29 | 15.27x |
| 2026-04-28 | 15.43x |
| 2026-04-27 | 17.93x |
| 2026-04-24 | 18.06x |
| 2026-04-23 | 17.93x |
| 2026-04-22 | 18.11x |
| 2026-04-21 | 17.58x |
| 2026-04-20 | 16.80x |
| 2026-04-17 | 16.15x |
| 2026-04-16 | 15.82x |
| 2026-04-15 | 15.70x |
| 2026-04-14 | 15.79x |
| 2026-04-13 | 15.80x |
| 2026-04-10 | 15.44x |
| 2026-04-09 | 15.40x |
| 2026-04-08 | 15.23x |
| 2026-04-07 | 14.48x |
| 2026-04-06 | 14.43x |
| 2026-04-02 | 14.70x |
| 2026-04-01 | 14.89x |
| 2026-03-31 | 14.68x |
| 2026-03-30 | 14.09x |
| 2026-03-27 | 14.03x |
| 2026-03-26 | 14.28x |
| 2026-03-25 | 14.21x |
| 2026-03-24 | 13.94x |
| 2026-03-23 | 13.72x |
| 2026-03-20 | 13.52x |
| 2026-03-19 | 13.78x |
| 2026-03-18 | 13.87x |
| 2026-03-17 | 14.15x |
| 2026-03-16 | 14.27x |
| 2026-03-13 | 14.00x |
| 2026-03-12 | 14.33x |
| 2026-03-11 | 14.99x |
| 2026-03-10 | 14.84x |
| 2026-03-09 | 14.85x |
| 2026-03-06 | 14.80x |
| 2026-03-05 | 15.40x |
| 2026-03-04 | 15.69x |
| 2026-03-03 | 15.94x |
| 2026-03-02 | 16.23x |
| 2026-02-27 | 16.30x |
| 2026-02-26 | 16.25x |
| 2026-02-25 | 16.18x |
| 2026-02-24 | 16.13x |
| 2026-02-23 | 16.52x |
| 2026-02-20 | 16.32x |
| 2026-02-19 | 16.10x |
| 2026-02-18 | 16.27x |
| 2026-02-17 | 16.21x |
| 2026-02-13 | 16.19x |
| 2026-02-12 | 16.78x |
| 2026-02-11 | 17.26x |
| 2026-02-10 | 16.91x |
| 2026-02-09 | 17.03x |
| 2026-02-06 | 17.00x |
| 2026-02-05 | 16.29x |
| 2026-02-04 | 16.74x |
| 2026-02-03 | 16.28x |
| 2026-02-02 | 15.80x |
| 2026-01-30 | 15.26x |
| 2026-01-29 | 15.45x |
| 2026-01-28 | 14.87x |
| 2026-01-27 | 14.96x |
| 2026-01-26 | 14.79x |
| 2026-01-23 | 15.40x |
| 2026-01-22 | 15.20x |
| 2026-01-21 | 15.28x |
| 2026-01-20 | 14.67x |
| 2026-01-16 | 14.81x |
| 2026-01-15 | 14.92x |
| 2026-01-14 | 14.59x |
| 2026-01-13 | 14.52x |
| 2026-01-12 | 14.48x |
| 2026-01-09 | 14.48x |
| 2026-01-08 | 14.70x |
| 2026-01-07 | 14.37x |
| 2026-01-06 | 14.74x |
| 2026-01-05 | 14.67x |
| 2026-01-02 | 14.99x |
| 2025-12-31 | 14.49x |
| 2025-12-30 | 14.61x |
| 2025-12-29 | 14.75x |
| 2025-12-26 | 14.95x |
| 2025-12-24 | 14.94x |
| 2025-12-23 | 15.08x |
| 2025-12-22 | 14.97x |
| 2025-12-19 | 14.86x |
| 2025-12-18 | 14.88x |
| 2025-12-17 | 14.74x |
| 2025-12-16 | 14.47x |
| 2025-12-15 | 14.45x |
| 2025-12-12 | 14.68x |
| 2025-12-11 | 14.76x |
| 2025-12-10 | 14.63x |
| 2025-12-09 | 14.18x |
| 2025-12-08 | 14.24x |
| 2025-12-05 | 14.17x |
| 2025-12-04 | 14.39x |
| 2025-12-03 | 14.65x |
| 2025-12-02 | 14.35x |
| 2025-12-01 | 14.35x |
| 2025-11-28 | 14.37x |
| 2025-11-26 | 14.27x |
| 2025-11-25 | 14.09x |
| 2025-11-24 | 13.86x |
| 2025-11-21 | 13.63x |
| 2025-11-20 | 13.24x |
| 2025-11-19 | 13.42x |
| 2025-11-18 | 13.36x |
| 2025-11-17 | 13.39x |
| 2025-11-14 | 13.42x |
| 2025-11-13 | 13.36x |
| 2025-11-12 | 13.60x |
| 2025-11-11 | 13.19x |
| 2025-11-10 | 13.19x |
| 2025-11-07 | 13.15x |
| 2025-11-06 | 13.23x |
| 2025-11-05 | 13.32x |
| 2025-11-04 | 13.13x |
| 2025-11-03 | 13.46x |
| 2025-10-31 | 13.52x |
| 2025-10-30 | 13.63x |
| 2025-10-29 | 14.03x |
| 2025-10-28 | 13.85x |
| 2025-10-27 | 13.62x |
| 2025-10-24 | 14.50x |
| 2025-10-23 | 14.32x |
| 2025-10-22 | 14.14x |
| 2025-10-21 | 14.57x |
| 2025-10-20 | 13.95x |
| 2025-10-17 | 13.66x |
| 2025-10-16 | 13.65x |
| 2025-10-15 | 13.93x |
| 2025-10-14 | 14.01x |
| 2025-10-13 | 13.89x |
| 2025-10-10 | 13.53x |
| 2025-10-09 | 14.07x |
| 2025-10-08 | 13.97x |
| 2025-10-07 | 13.66x |
| 2025-10-06 | 13.56x |
| 2025-10-03 | 13.85x |
| 2025-10-02 | 13.79x |
| 2025-10-01 | 13.51x |
| 2025-09-30 | 13.38x |
| 2025-09-29 | 13.34x |
| 2025-09-26 | 13.40x |
| 2025-09-25 | 13.11x |
| 2025-09-24 | 13.13x |
| 2025-09-23 | 13.16x |
| 2025-09-22 | 13.35x |
| 2025-09-19 | 13.37x |
| 2025-09-18 | 13.42x |
| 2025-09-17 | 13.17x |
| 2025-09-16 | 13.40x |
| 2025-09-15 | 12.73x |
| 2025-09-12 | 12.66x |
| 2025-09-11 | 12.93x |
| 2025-09-10 | 12.83x |
| 2025-09-09 | 12.63x |
| 2025-09-08 | 12.98x |
| 2025-09-05 | 12.98x |
| 2025-09-04 | 12.67x |
| 2025-09-03 | 12.57x |
| 2025-09-02 | 12.52x |
| 2025-08-29 | 12.68x |
Showing the most recent 260 of 5,032 data points. The chart above shows the full history.
