Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
ConocoPhillips, EBITDA calculation
US$ in millions
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| 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. | ConocoPhillips EBITDA decreased from 2022 to 2023 and from 2023 to 2024. |
Enterprise Value to EBITDA Ratio, Current
ConocoPhillips, current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 131,426) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 24,054) |
| Valuation Ratio | |
| EV/EBITDA | 5.46 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Chevron Corp. | 5.76 |
| Expand Energy Corp. | 29.73 |
| Exxon Mobil Corp. | 6.68 |
| Occidental Petroleum Corp. | 5.54 |
| EV/EBITDA, Sector | |
| Oil, Gas & Consumable Fuels | 6.28 |
| EV/EBITDA, Industry | |
| Energy | 6.30 |
Based on: 10-K (reporting date: 2024-12-31).
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
ConocoPhillips, historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 142,203) | 142,912) | 139,467) | 131,808) | 73,692) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 24,054) | 25,338) | 36,537) | 20,804) | 3,187) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 5.91 | 5.64 | 3.82 | 6.34 | 23.12 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Chevron Corp. | 6.50 | 6.34 | 4.74 | 7.18 | 18.57 | |
| Expand Energy Corp. | 28.80 | 2.49 | 2.45 | 1.34 | — | |
| Exxon Mobil Corp. | 6.88 | 5.81 | 4.54 | 7.07 | 16.97 | |
| Occidental Petroleum Corp. | 6.22 | 5.41 | 3.70 | 5.30 | — | |
| EV/EBITDA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 6.71 | 5.81 | 4.35 | 6.50 | 24.59 | |
| EV/EBITDA, Industry | ||||||
| Energy | 6.76 | 6.01 | 4.60 | 6.74 | 36.95 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 142,203 ÷ 24,054 = 5.91
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. | ConocoPhillips EV/EBITDA ratio increased from 2022 to 2023 and from 2023 to 2024. |