Valuation multiples › EV/EBITDA
EV/EBITDA by sector and industry
Enterprise value to EBITDA: median and quartiles across 11 GICS sectors and 152 industries, from 27,874 valued stocks worldwide.
As of October 14, 2026 · updated daily · CSVJSON
What the numbers show
The lowest sector median is 6.8 (Energy, 691 values), the highest 15.5 (Information Technology, 2,219 values).
That is a factor of 2.3 between the two: the same ratio means different things in different sectors, so compare within the industry.
The middle sector (Utilities) has a median of 9.2; half of its 570 stocks sit between 6.2 and 13.6.
EV/EBITDA by sector
| Sector | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Energy | 4.2 | 6.8 | 10.6 | 691 |
| Communication Services | 4.7 | 8.1 | 13.8 | 664 |
| Consumer Staples | 5.3 | 8.2 | 12.6 | 1,260 |
| Materials | 5.1 | 8.5 | 14.8 | 2,305 |
| Consumer Discretionary | 5.1 | 8.5 | 14.6 | 2,619 |
| Utilities | 6.2 | 9.2 | 13.6 | 570 |
| Financials | 5.6 | 9.4 | 15.7 | 2,097 |
| Industrials | 6.2 | 10.4 | 18.5 | 3,954 |
| Health Care | 7.6 | 12.6 | 21.0 | 1,404 |
| Real Estate | 8.3 | 13.6 | 19.7 | 1,316 |
| Information Technology | 8.3 | 15.5 | 29.5 | 2,219 |
EV/EBITDA by industry (152)
Grouped by sector, sorted by median within each sector. Only industries with at least ten valued stocks.
Communication Services (7)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Telecom Services | 4.5 | 7.2 | 10.9 | 198 |
| Broadcasting | 3.9 | 7.5 | 10.0 | 43 |
| Advertising Agencies | 4.9 | 8.0 | 15.0 | 97 |
| Entertainment | 4.2 | 8.4 | 16.4 | 121 |
| Publishing | 4.7 | 8.6 | 15.9 | 70 |
| Electronic Gaming & Multimedia | 5.0 | 9.7 | 14.0 | 70 |
| Internet Content & Information | 6.1 | 11.5 | 21.3 | 76 |
Consumer Discretionary (26)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Auto & Truck Dealerships | 3.6 | 6.2 | 9.3 | 70 |
| Apparel Retail | 3.6 | 6.7 | 13.0 | 81 |
| Recreational Vehicles | 4.8 | 7.6 | 9.2 | 23 |
| Department Stores | 4.7 | 7.7 | 11.9 | 79 |
| Specialty Retail | 4.9 | 7.7 | 12.5 | 165 |
| Textiles | 5.4 | 7.8 | 17.3 | 24 |
| Resorts & Casinos | 5.0 | 7.9 | 10.2 | 53 |
| Restaurants | 4.7 | 8.0 | 12.0 | 158 |
| Home Improvement Retail | 3.8 | 8.0 | 11.0 | 28 |
| Gambling | 5.4 | 8.0 | 11.0 | 34 |
| Textile Manufacturing | 5.0 | 8.1 | 16.3 | 250 |
| Apparel Manufacturing | 5.4 | 8.3 | 12.7 | 140 |
| Personal Services | 4.6 | 8.4 | 11.7 | 30 |
| Auto Manufacturers | 4.7 | 8.5 | 14.8 | 64 |
| Residential Construction | 7.1 | 8.5 | 12.7 | 54 |
| Education & Training Services | 6.0 | 8.6 | 14.0 | 72 |
| Auto Parts | 5.1 | 8.8 | 15.5 | 510 |
| Footwear & Accessories | 5.3 | 8.9 | 14.1 | 67 |
| Furnishings, Fixtures & Appliances | 5.3 | 9.1 | 16.0 | 204 |
| Leisure | 5.6 | 9.1 | 14.2 | 127 |
| Travel Services | 6.0 | 9.2 | 18.4 | 64 |
| Discount Stores | 8.2 | 9.7 | 14.9 | 22 |
| Luxury Goods | 6.1 | 10.4 | 17.4 | 99 |
| Lodging | 6.5 | 10.9 | 16.1 | 124 |
| Internet Retail | 7.1 | 12.1 | 20.0 | 67 |
| Consumer Electronics | 6.9 | 12.6 | 19.7 | 68 |
Consumer Staples (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Farm Products | 4.1 | 7.0 | 11.1 | 201 |
| Grocery Stores | 5.5 | 7.3 | 11.2 | 64 |
| Confectioners | 4.0 | 7.9 | 11.3 | 62 |
| Food Distribution | 4.9 | 8.0 | 10.2 | 58 |
| Pharmaceutical Retailers | 5.6 | 8.2 | 11.7 | 39 |
| Packaged Foods | 5.2 | 8.2 | 12.5 | 476 |
| Beverages - Brewers | 6.6 | 8.8 | 11.3 | 47 |
| Beverages - Non-Alcoholic | 6.2 | 9.0 | 13.2 | 69 |
| Household & Personal Products | 5.8 | 9.0 | 14.3 | 154 |
| Beverages - Wineries & Distilleries | 6.0 | 9.6 | 14.4 | 62 |
| Tobacco | 6.4 | 9.9 | 12.8 | 23 |
Energy (7)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Oil & Gas E&P | 3.8 | 5.6 | 8.6 | 191 |
| Oil & Gas Drilling | 4.4 | 6.3 | 7.7 | 30 |
| Oil & Gas Integrated | 4.6 | 6.3 | 7.5 | 38 |
| Thermal Coal | 4.2 | 6.6 | 9.6 | 69 |
| Oil & Gas Refining & Marketing | 4.4 | 6.9 | 11.7 | 95 |
| Oil & Gas Equipment & Services | 5.0 | 7.9 | 12.9 | 137 |
| Oil & Gas Midstream | 6.6 | 9.2 | 12.9 | 72 |
Financials (16)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Insurance - Reinsurance | 3.5 | 6.3 | 9.2 | 22 |
| Insurance - Life | 3.3 | 6.4 | 10.3 | 76 |
| Insurance - Specialty | 5.2 | 6.5 | 8.2 | 25 |
| Insurance - Property & Casualty | 4.6 | 7.6 | 10.6 | 92 |
| Insurance - Diversified | 6.0 | 8.1 | 12.5 | 68 |
| Asset Management | 5.1 | 9.0 | 16.3 | 407 |
| REIT - Mortgage | 4.9 | 9.4 | 15.8 | 36 |
| Financial Conglomerates | 4.2 | 9.4 | 18.5 | 37 |
| Capital Markets | 5.0 | 9.5 | 17.4 | 241 |
| Banks - Regional | 6.1 | 9.6 | 14.6 | 699 |
| Insurance Brokers | 6.7 | 10.9 | 14.8 | 32 |
| Diversified Financial Services | 5.9 | 11.1 | 26.9 | 10 |
| Banks - Diversified | 6.2 | 11.4 | 20.3 | 33 |
| Credit Services | 6.5 | 12.3 | 22.0 | 232 |
| Mortgage Finance | 8.6 | 13.8 | 23.2 | 38 |
| Financial Data & Stock Exchanges | 14.4 | 17.1 | 22.8 | 39 |
Health Care (11)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Medical Distribution | 4.6 | 6.3 | 11.4 | 61 |
| Pharmaceuticals | 3.8 | 7.4 | 16.4 | 24 |
| Medical Care Facilities | 7.1 | 10.4 | 15.3 | 199 |
| Drug Manufacturers - Specialty & Generic | 7.1 | 12.4 | 21.2 | 412 |
| Drug Manufacturers - General | 8.5 | 13.4 | 19.8 | 63 |
| Medical Instruments & Supplies | 8.0 | 13.6 | 20.8 | 147 |
| Healthcare Plans | 10.4 | 13.6 | 16.4 | 13 |
| Medical Devices | 9.5 | 14.8 | 23.6 | 187 |
| Biotechnology | 9.5 | 15.1 | 28.5 | 182 |
| Health Information Services | 9.2 | 15.2 | 23.1 | 66 |
| Diagnostics & Research | 9.3 | 16.7 | 26.7 | 78 |
Industrials (26)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Airlines | 4.2 | 6.3 | 8.7 | 43 |
| Rental & Leasing Services | 3.7 | 6.6 | 12.2 | 72 |
| Marine Shipping | 5.0 | 7.2 | 10.3 | 202 |
| Integrated Freight & Logistics | 4.9 | 7.2 | 11.8 | 160 |
| Conglomerates | 4.2 | 8.3 | 16.2 | 253 |
| Building Products & Equipment | 5.6 | 8.8 | 13.9 | 182 |
| Business Equipment & Supplies | 5.9 | 8.8 | 14.0 | 47 |
| Farm & Heavy Construction Machinery | 5.2 | 8.9 | 15.7 | 121 |
| Staffing & Employment Services | 5.7 | 8.9 | 12.2 | 61 |
| Engineering & Construction | 5.2 | 8.9 | 15.5 | 554 |
| Trucking | 5.2 | 9.0 | 11.1 | 37 |
| Waste Management | 6.6 | 9.0 | 15.2 | 115 |
| Airports & Air Services | 6.1 | 9.2 | 10.9 | 43 |
| Infrastructure Operations | 6.4 | 9.2 | 14.0 | 53 |
| Specialty Business Services | 5.4 | 9.7 | 15.2 | 174 |
| Railroads | 6.3 | 9.7 | 15.6 | 92 |
| Construction & Engineering | 6.1 | 9.8 | 12.8 | 14 |
| Consulting Services | 6.2 | 9.9 | 13.5 | 54 |
| Industrial Distribution | 5.2 | 10.7 | 17.2 | 93 |
| Tools & Accessories | 7.7 | 11.2 | 17.4 | 96 |
| Metal Fabrication | 6.2 | 11.3 | 22.4 | 193 |
| Pollution & Treatment Controls | 8.9 | 12.3 | 18.8 | 55 |
| Specialty Industrial Machinery | 9.4 | 14.8 | 24.8 | 588 |
| Industrial Machinery | 12.5 | 14.9 | 25.6 | 14 |
| Electrical Equipment & Parts | 9.5 | 15.9 | 27.6 | 390 |
| Aerospace & Defense | 12.3 | 19.0 | 30.3 | 178 |
Information Technology (13)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Electronics & Computer Distribution | 4.7 | 8.4 | 14.0 | 122 |
| Solar | 6.9 | 9.7 | 16.2 | 56 |
| Information Technology Services | 6.5 | 10.1 | 16.9 | 329 |
| Security & Protection Services | 6.6 | 10.3 | 15.5 | 70 |
| Computer Hardware | 7.4 | 12.2 | 22.8 | 133 |
| Software - Application | 8.9 | 15.2 | 25.2 | 370 |
| Software - Infrastructure | 8.0 | 16.2 | 31.3 | 198 |
| Communication Equipment | 9.4 | 16.9 | 31.2 | 174 |
| IT Services | 5.9 | 17.7 | 39.3 | 19 |
| Electronic Components | 10.0 | 18.5 | 31.1 | 438 |
| Scientific & Technical Instruments | 11.0 | 19.1 | 32.5 | 108 |
| Semiconductors | 13.2 | 23.8 | 42.3 | 218 |
| Semiconductor Equipment & Materials | 12.9 | 30.0 | 47.5 | 142 |
Materials (17)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Containers & Packaging | 4.5 | 5.3 | 7.3 | 18 |
| Aluminum | 4.4 | 6.4 | 11.9 | 62 |
| Gold | 4.2 | 6.9 | 9.8 | 117 |
| Agricultural Inputs | 5.0 | 7.0 | 10.2 | 135 |
| Coking Coal | 4.1 | 7.0 | 14.9 | 12 |
| Packaging & Containers | 4.1 | 7.2 | 11.6 | 209 |
| Other Precious Metals & Mining | 4.0 | 7.2 | 12.3 | 39 |
| Other | 3.4 | 7.2 | 16.5 | 31 |
| Building Materials | 4.2 | 7.3 | 11.3 | 204 |
| Steel | 5.1 | 8.2 | 13.4 | 290 |
| Paper & Paper Products | 4.5 | 8.4 | 14.5 | 88 |
| Other Industrial Metals & Mining | 4.8 | 8.4 | 14.3 | 167 |
| Lumber & Wood Production | 5.6 | 8.7 | 12.8 | 41 |
| Chemicals | 5.1 | 9.0 | 15.3 | 252 |
| Copper | 7.1 | 9.5 | 15.6 | 43 |
| Silver | 6.0 | 9.6 | 12.4 | 10 |
| Specialty Chemicals | 6.7 | 11.1 | 19.0 | 561 |
Real Estate (12)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Real Estate - Development | 6.0 | 10.8 | 20.9 | 366 |
| Real Estate Development | 5.0 | 10.9 | 15.1 | 14 |
| REIT - Hotel & Motel | 8.3 | 11.1 | 13.4 | 33 |
| REIT - Office | 9.9 | 13.4 | 17.7 | 66 |
| Real Estate Services | 7.8 | 13.6 | 20.4 | 369 |
| REIT - Diversified | 10.3 | 14.2 | 18.8 | 126 |
| REIT - Retail | 12.2 | 14.4 | 16.9 | 88 |
| Real Estate - Diversified | 8.7 | 14.7 | 22.8 | 96 |
| REIT - Industrial | 12.0 | 15.7 | 17.7 | 51 |
| REIT - Healthcare Facilities | 11.7 | 16.1 | 19.8 | 23 |
| REIT - Specialty | 13.2 | 16.5 | 21.0 | 31 |
| REIT - Residential | 11.0 | 17.0 | 21.0 | 40 |
Utilities (6)
| Industry | P25 | Median | P75 | Values |
|---|---|---|---|---|
| Utilities - Regulated Gas | 5.3 | 8.2 | 11.7 | 91 |
| Utilities - Independent Power Producers | 6.0 | 8.2 | 15.3 | 67 |
| Utilities - Regulated Electric | 6.5 | 9.2 | 12.1 | 143 |
| Utilities - Diversified | 7.2 | 9.5 | 13.9 | 49 |
| Utilities - Renewable | 5.9 | 9.7 | 15.9 | 153 |
| Utilities - Regulated Water | 8.2 | 11.4 | 14.7 | 55 |
History of sector medians
| Month | Energy | Communication Services | Consumer Staples | Materials | Consumer Discretionary | Utilities | Financials | Industrials | Health Care | Real Estate | Information Technology |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-09 | 6.5 | 8.0 | 7.9 | 8.6 | 8.3 | 9.1 | 9.1 | 10.5 | 12.7 | 13.0 | 15.1 |
| 2026-10 | 6.7 | 8.2 | 8.5 | 8.8 | 8.8 | 9.3 | 9.5 | 10.8 | 13.3 | 13.6 | 15.6 |
Use it
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Cite or reuse this table
Suggested citation: Fair Value Calculator (2026): Enterprise value to EBITDA by sector and industry, as of October 14, 2026. https://www.fairvalue-calculator.com/valuation-multiples/ev-ebitda
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Not financial advice. Metrics from reported filings (latest fiscal year or trailing twelve months), percentiles over the visible Fair Value Calculator universe; negative multiples are excluded and outliers beyond the 90th percentile are never the basis of a statement.