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 34.77x is 20% above its estimated 3-year average of 28.89x, around the middle of its estimated 3-year range (14.76x–61.77x).
As of 2026-09-12T00:16:08.163Z. 2.48% above its estimated 12-month average of 33.93x.
Calculation as of: 2026-09-12T00:16:08.163Z.
Quote observation: 2026-09-11T20:00:00.000Z. Amounts in USD. The price header may show a later quote.
FMP input reference: 6dffcd8d9d4529b5f20ee21076d4d31ca09cd722c1301f8117ab2f47b4189477
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 2026-09-09.
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
34.77x
EV/EBITDA RATIO AVG TTM
33.93x
EV/EBITDA RATIO AVG 3Y
N/A
EV/EBITDA RATIO AVG 5Y
N/A
EV/EBITDA RATIO AVG 10Y
N/A
EV/EBITDA RATIO AVG 15Y
N/A
EV/EBITDA RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
+2.48%
CURRENT VS 3Y AVG
N/A
CURRENT VS 5Y AVG
N/A
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · UTILITIES
12.87x
median of 38 covered companies
CURRENT VS SECTOR MEDIAN
+170.16%
vs the sector median at left
Talen Energy Corporation
Market Cap
$14.20B
EV/EBITDA Ratio
34.77x
TTM Avg
33.93x
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$11.65B
EV/EBITDA Ratio
9.35x
TTM Avg
12.17x
3Y Avg
11.67x
5Y Avg
11.42x
Market Cap
$17.37B
EV/EBITDA Ratio
15.94x
TTM Avg
15.87x
3Y Avg
15.17x
5Y Avg
14.99x
Market Cap
$10.55B
EV/EBITDA Ratio
9.15x
TTM Avg
11.79x
3Y Avg
11.42x
5Y Avg
11.01x
Market Cap
$9.30B
EV/EBITDA Ratio
14.67x
TTM Avg
13.61x
3Y Avg
11.85x
5Y Avg
10.06x
Market Cap
$21.06B
EV/EBITDA Ratio
14.07x
TTM Avg
13.79x
3Y Avg
13.62x
5Y Avg
13.59x
| NAME | MARKET CAP | EV/EBITDA RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Talen Energy Corporation (TLN) | $14.20B | 34.77x | 33.93x | N/A | N/A |
| Pinnacle West Capital Corporation (PNW)vs › | $11.65B | 9.35x | 12.17x | 11.67x | 11.42x |
| Alliant Energy Corporation (LNT)vs › | $17.37B | 15.94x | 15.87x | 15.17x | 14.99x |
| The AES Corporation (AES)vs › | $10.55B | 9.15x | 11.79x | 11.42x | 11.01x |
| Evergy, Inc. (EVRG)vs › | $18.81B | 12.72x | 12.67x | 11.50x | 11.45x |
| Brookfield Renewable Partners L.P. (BEP)vs › | $9.30B | 14.67x | 13.61x | 11.85x | 10.06x |
| NiSource Inc (NI)vs › | $19.86B | 11.92x | 12.62x | 12.18x | 12.08x |
| UGI Corporation (UGI)vs › | $8.14B | 9.07x | 9.10x | 10.33x | 9.10x |
| CMS Energy Corporation (CMS)vs › | $21.06B | 14.07x | 13.79x | 13.62x | 13.59x |
| Edison International (EIX)vs › | $21.55B | 8.28x | 8.34x | 10.15x | 11.76x |
At 34.8, EV/EBITDA is above its estimated 3-year median — higher than 71% of readings in its estimated 3-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 3-year low
14.8
median
31.0
estimated 3-year high
61.8
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 |
|---|---|
| 2026-09-09 | 35.47x |
| 2026-09-08 | 35.89x |
| 2026-09-04 | 35.29x |
| 2026-09-03 | 34.51x |
| 2026-09-02 | 34.28x |
| 2026-09-01 | 33.71x |
| 2026-08-31 | 33.85x |
| 2026-08-28 | 33.88x |
| 2026-08-27 | 34.45x |
| 2026-08-26 | 34.57x |
| 2026-08-25 | 34.66x |
| 2026-08-24 | 34.51x |
| 2026-08-21 | 35.12x |
| 2026-08-20 | 35.29x |
| 2026-08-19 | 35.65x |
| 2026-08-18 | 35.34x |
| 2026-08-17 | 38.00x |
| 2026-08-14 | 38.39x |
| 2026-08-13 | 38.10x |
| 2026-08-12 | 38.55x |
| 2026-08-11 | 38.06x |
| 2026-08-10 | 37.07x |
| 2026-08-07 | 37.37x |
| 2026-08-06 | 36.74x |
| 2026-08-05 | 31.88x |
| 2026-08-04 | 32.60x |
| 2026-08-03 | 32.92x |
| 2026-07-31 | 32.18x |
| 2026-07-30 | 32.07x |
| 2026-07-29 | 30.92x |
| 2026-07-28 | 31.61x |
| 2026-07-27 | 33.10x |
| 2026-07-24 | 34.00x |
| 2026-07-23 | 35.37x |
| 2026-07-22 | 35.24x |
| 2026-07-21 | 34.44x |
| 2026-07-20 | 34.03x |
| 2026-07-17 | 34.88x |
| 2026-07-16 | 34.60x |
| 2026-07-15 | 36.84x |
| 2026-07-14 | 36.62x |
| 2026-07-13 | 36.58x |
| 2026-07-10 | 35.83x |
| 2026-07-09 | 35.74x |
| 2026-07-08 | 34.57x |
| 2026-07-07 | 34.48x |
| 2026-07-06 | 35.27x |
| 2026-07-02 | 34.34x |
| 2026-07-01 | 34.07x |
| 2026-06-30 | 35.72x |
| 2026-06-29 | 36.79x |
| 2026-06-26 | 37.12x |
| 2026-06-25 | 38.02x |
| 2026-06-24 | 37.25x |
| 2026-06-23 | 37.68x |
| 2026-06-22 | 39.52x |
| 2026-06-18 | 39.40x |
| 2026-06-17 | 37.53x |
| 2026-06-16 | 37.29x |
| 2026-06-15 | 35.86x |
| 2026-06-12 | 34.05x |
| 2026-06-11 | 32.94x |
| 2026-06-10 | 32.36x |
| 2026-06-09 | 33.92x |
| 2026-06-08 | 34.35x |
| 2026-06-05 | 34.35x |
| 2026-06-04 | 35.29x |
| 2026-06-03 | 35.39x |
| 2026-06-02 | 35.81x |
| 2026-06-01 | 35.22x |
| 2026-05-29 | 35.90x |
| 2026-05-28 | 35.53x |
| 2026-05-27 | 35.41x |
| 2026-05-26 | 36.06x |
| 2026-05-22 | 34.89x |
| 2026-05-21 | 34.04x |
| 2026-05-20 | 32.91x |
| 2026-05-19 | 30.80x |
| 2026-05-18 | 31.48x |
| 2026-05-15 | 32.19x |
| 2026-05-14 | 33.51x |
| 2026-05-13 | 33.38x |
| 2026-05-12 | 35.04x |
| 2026-05-11 | 35.67x |
| 2026-05-08 | 35.87x |
| 2026-05-07 | 36.17x |
| 2026-05-06 | 37.54x |
| 2026-05-05 | 61.77x |
| 2026-05-04 | 61.73x |
| 2026-05-01 | 60.23x |
| 2026-04-30 | 60.26x |
| 2026-04-29 | 57.80x |
| 2026-04-28 | 58.91x |
| 2026-04-27 | 59.93x |
| 2026-04-24 | 59.29x |
| 2026-04-23 | 57.00x |
| 2026-04-22 | 56.28x |
| 2026-04-21 | 55.13x |
| 2026-04-20 | 57.12x |
| 2026-04-17 | 59.41x |
| 2026-04-16 | 59.06x |
| 2026-04-15 | 57.97x |
| 2026-04-14 | 57.06x |
| 2026-04-13 | 54.69x |
| 2026-04-10 | 54.12x |
| 2026-04-09 | 53.09x |
| 2026-04-08 | 55.00x |
| 2026-04-07 | 55.17x |
| 2026-04-06 | 54.45x |
| 2026-04-02 | 54.87x |
| 2026-04-01 | 54.93x |
| 2026-03-31 | 53.87x |
| 2026-03-30 | 53.12x |
| 2026-03-27 | 54.51x |
| 2026-03-26 | 54.34x |
| 2026-03-25 | 54.96x |
| 2026-03-24 | 53.45x |
| 2026-03-23 | 52.88x |
| 2026-03-20 | 51.91x |
| 2026-03-19 | 56.37x |
| 2026-03-18 | 56.20x |
| 2026-03-17 | 54.82x |
| 2026-03-16 | 53.67x |
| 2026-03-13 | 53.50x |
| 2026-03-12 | 52.93x |
| 2026-03-11 | 53.51x |
| 2026-03-10 | 55.35x |
| 2026-03-09 | 55.78x |
| 2026-03-06 | 54.03x |
| 2026-03-05 | 55.75x |
| 2026-03-04 | 55.95x |
| 2026-03-03 | 56.53x |
| 2026-03-02 | 57.96x |
| 2026-02-27 | 60.09x |
| 2026-02-26 | 32.09x |
| 2026-02-25 | 32.19x |
| 2026-02-24 | 31.02x |
| 2026-02-23 | 30.48x |
| 2026-02-20 | 31.53x |
| 2026-02-19 | 31.37x |
| 2026-02-18 | 31.38x |
| 2026-02-17 | 31.96x |
| 2026-02-13 | 31.12x |
| 2026-02-12 | 30.48x |
| 2026-02-11 | 29.52x |
| 2026-02-10 | 29.76x |
| 2026-02-09 | 29.45x |
| 2026-02-06 | 28.82x |
| 2026-02-05 | 27.34x |
| 2026-02-04 | 26.78x |
| 2026-02-03 | 28.56x |
| 2026-02-02 | 28.51x |
| 2026-01-30 | 29.06x |
| 2026-01-29 | 30.07x |
| 2026-01-28 | 30.28x |
| 2026-01-27 | 29.87x |
| 2026-01-26 | 29.21x |
| 2026-01-23 | 30.38x |
| 2026-01-22 | 31.35x |
| 2026-01-21 | 30.95x |
| 2026-01-20 | 29.67x |
| 2026-01-16 | 30.76x |
| 2026-01-15 | 34.20x |
| 2026-01-14 | 30.99x |
| 2026-01-13 | 31.13x |
| 2026-01-12 | 30.56x |
| 2026-01-09 | 30.70x |
| 2026-01-08 | 29.62x |
| 2026-01-07 | 30.98x |
| 2026-01-06 | 32.32x |
| 2026-01-05 | 32.47x |
| 2026-01-02 | 32.58x |
| 2025-12-31 | 30.99x |
| 2025-12-30 | 31.29x |
| 2025-12-29 | 31.38x |
| 2025-12-26 | 31.69x |
| 2025-12-24 | 31.62x |
| 2025-12-23 | 31.42x |
| 2025-12-22 | 31.28x |
| 2025-12-19 | 30.80x |
| 2025-12-18 | 30.76x |
| 2025-12-17 | 29.32x |
| 2025-12-16 | 31.13x |
| 2025-12-15 | 29.76x |
| 2025-12-12 | 29.64x |
| 2025-12-11 | 30.55x |
| 2025-12-10 | 29.80x |
| 2025-12-09 | 29.06x |
| 2025-12-08 | 29.43x |
| 2025-12-05 | 29.49x |
| 2025-12-04 | 30.48x |
| 2025-12-03 | 30.31x |
| 2025-12-02 | 30.49x |
| 2025-12-01 | 31.36x |
| 2025-11-28 | 32.40x |
| 2025-11-26 | 32.27x |
| 2025-11-25 | 31.29x |
| 2025-11-24 | 31.40x |
| 2025-11-21 | 30.34x |
| 2025-11-20 | 30.57x |
| 2025-11-19 | 32.13x |
| 2025-11-18 | 30.98x |
| 2025-11-17 | 30.54x |
| 2025-11-14 | 29.97x |
| 2025-11-13 | 29.55x |
| 2025-11-12 | 30.46x |
| 2025-11-11 | 30.97x |
| 2025-11-10 | 32.35x |
| 2025-11-07 | 31.84x |
| 2025-11-06 | 31.79x |
| 2025-11-05 | 36.68x |
| 2025-11-04 | 36.03x |
| 2025-11-03 | 37.48x |
| 2025-10-31 | 36.39x |
| 2025-10-30 | 35.76x |
| 2025-10-29 | 36.29x |
| 2025-10-28 | 35.93x |
| 2025-10-27 | 36.97x |
| 2025-10-24 | 37.02x |
| 2025-10-23 | 35.13x |
| 2025-10-22 | 34.88x |
| 2025-10-21 | 34.99x |
| 2025-10-20 | 36.95x |
| 2025-10-17 | 36.92x |
| 2025-10-16 | 37.83x |
| 2025-10-15 | 37.65x |
| 2025-10-14 | 37.81x |
| 2025-10-13 | 39.23x |
| 2025-10-10 | 37.42x |
| 2025-10-09 | 39.92x |
| 2025-10-08 | 40.02x |
| 2025-10-07 | 38.86x |
| 2025-10-06 | 38.81x |
| 2025-10-03 | 39.45x |
| 2025-10-02 | 39.10x |
| 2025-10-01 | 38.54x |
| 2025-09-30 | 38.41x |
| 2025-09-29 | 38.04x |
| 2025-09-26 | 37.29x |
| 2025-09-25 | 37.25x |
| 2025-09-24 | 37.74x |
| 2025-09-23 | 38.23x |
| 2025-09-22 | 38.75x |
| 2025-09-19 | 38.27x |
| 2025-09-18 | 37.61x |
| 2025-09-17 | 37.05x |
| 2025-09-16 | 37.16x |
| 2025-09-15 | 36.84x |
| 2025-09-12 | 36.61x |
| 2025-09-11 | 36.48x |
| 2025-09-10 | 36.62x |
| 2025-09-09 | 35.57x |
| 2025-09-08 | 35.10x |
| 2025-09-05 | 35.55x |
| 2025-09-04 | 34.86x |
| 2025-09-03 | 34.65x |
| 2025-09-02 | 34.45x |
| 2025-08-29 | 34.74x |
| 2025-08-28 | 35.48x |
| 2025-08-27 | 34.95x |
Showing the most recent 260 of 674 data points. The chart above shows the full history.