Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
Item | Description | The company |
---|---|---|
EBITDA | To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. | CSX Corp. EBITDA increased from 2020 to 2021 and from 2021 to 2022. |
Enterprise Value to EBITDA Ratio, Current
Selected Financial Data (US$ in millions) | |
Enterprise value (EV) | 78,608) |
Earnings before interest, tax, depreciation and amortization (EBITDA) | 7,656) |
Valuation Ratio | |
EV/EBITDA | 10.27 |
Benchmarks | |
EV/EBITDA, Competitors1 | |
FedEx Corp. | 7.56 |
Uber Technologies Inc. | 42.12 |
Union Pacific Corp. | 15.32 |
United Parcel Service Inc. | 10.25 |
EV/EBITDA, Sector | |
Transportation | 16.74 |
EV/EBITDA, Industry | |
Industrials | 21.20 |
Based on: 10-K (reporting date: 2022-12-31).
1 Click competitor name to see calculations.
If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.
Enterprise Value to EBITDA Ratio, Historical
Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Enterprise value (EV)1 | 81,293) | 91,202) | 80,813) | 75,818) | 69,207) | |
Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 7,656) | 7,093) | 5,764) | 6,402) | 6,274) | |
Valuation Ratio | ||||||
EV/EBITDA3 | 10.62 | 12.86 | 14.02 | 11.84 | 11.03 | |
Benchmarks | ||||||
EV/EBITDA, Competitors4 | ||||||
FedEx Corp. | 7.33 | 8.22 | 10.09 | 12.96 | — | |
Uber Technologies Inc. | — | 227.40 | — | — | — | |
Union Pacific Corp. | 12.56 | 15.46 | 15.65 | 13.73 | — | |
United Parcel Service Inc. | 8.83 | 9.55 | 30.22 | 12.80 | — | |
EV/EBITDA, Sector | ||||||
Transportation | 14.15 | 12.42 | 30.99 | 22.19 | — | |
EV/EBITDA, Industry | ||||||
Industrials | 17.07 | 16.21 | 26.87 | 17.56 | — |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
3 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 81,293 ÷ 7,656 = 10.62
4 Click competitor name to see calculations.
Valuation ratio | Description | The company |
---|---|---|
EV/EBITDA | Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. | CSX Corp. EV/EBITDA ratio decreased from 2020 to 2021 and from 2021 to 2022. |