Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
EV to EBITDA Ratio, Current
EV to EBITDA Ratio, Historical

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Colgate-Palmolive Co., EBITDA calculation

US$ in millions

12 months ended:	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Net income attributable to Colgate-Palmolive Company	1,785)	2,166)	2,695)	2,367)	2,400)
Add: Net income attributable to noncontrolling interest	182)	172)	165)	160)	158)
Add: Income tax expense	693)	749)	787)	774)	906)
Earnings before tax (EBT)	2,660)	3,087)	3,647)	3,301)	3,464)
Add: Interest expense	167)	117)	183)	192)	193)
Earnings before interest and tax (EBIT)	2,827)	3,204)	3,830)	3,493)	3,657)
Add: Depreciation and amortization	545)	556)	539)	519)	511)
Earnings before interest, tax, depreciation and amortization (EBITDA)	3,372)	3,760)	4,369)	4,012)	4,168)

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).

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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.	Colgate-Palmolive Co. EBITDA decreased from 2020 to 2021 and from 2021 to 2022.

Enterprise Value to EBITDA Ratio, Current

Colgate-Palmolive Co., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in millions)
Enterprise value (EV)	70,910)
Earnings before interest, tax, depreciation and amortization (EBITDA)	3,372)
Valuation Ratio
EV/EBITDA	21.03
Benchmarks
EV/EBITDA, Competitors¹
Procter & Gamble Co.	18.89
EV/EBITDA, Industry
Consumer Staples	19.93

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

Colgate-Palmolive Co., historical EV/EBITDA calculation, comparison to benchmarks

	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	68,823)	73,300)	73,870)	72,618)	63,413)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	3,372)	3,760)	4,369)	4,012)	4,168)
Valuation Ratio
EV/EBITDA³	20.41	19.49	16.91	18.10	15.21
Benchmarks
EV/EBITDA, Competitors⁴
Procter & Gamble Co.	17.48	17.56	18.11	32.66	—
EV/EBITDA, Industry
Consumer Staples	15.87	15.79	14.68	18.29	—

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).

¹ See details »

² See details »

³ 2022 Calculation
EV/EBITDA = EV ÷ EBITDA
= 68,823 ÷ 3,372 = 20.41

⁴ Click competitor name to see calculations.

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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.	Colgate-Palmolive Co. EV/EBITDA ratio increased from 2020 to 2021 and from 2021 to 2022.

Colgate-Palmolive Co. (NYSE:CL)

Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Enterprise Value to EBITDA Ratio, Current

Enterprise Value to EBITDA Ratio, Historical