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: 2023-12-31), 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).
| 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 increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level. |
Enterprise Value to EBITDA Ratio, Current
ConocoPhillips, current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 142,488) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 25,338) |
| Valuation Ratio | |
| EV/EBITDA | 5.62 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Chevron Corp. | 6.34 |
| Exxon Mobil Corp. | 7.26 |
| Marathon Petroleum Corp. | 4.00 |
| Occidental Petroleum Corp. | 5.20 |
| Valero Energy Corp. | 3.53 |
| EV/EBITDA, Sector | |
| Oil, Gas & Consumable Fuels | 6.07 |
| EV/EBITDA, Industry | |
| Energy | 6.18 |
Based on: 10-K (reporting date: 2023-12-31).
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, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 142,912) | 139,467) | 131,808) | 73,692) | 67,767) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 25,338) | 36,537) | 20,804) | 3,187) | 16,392) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 5.64 | 3.82 | 6.34 | 23.12 | 4.13 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Chevron Corp. | 6.34 | 4.74 | 7.18 | 18.57 | 6.39 | |
| Exxon Mobil Corp. | 5.81 | 4.54 | 7.07 | 16.97 | 6.91 | |
| Marathon Petroleum Corp. | 4.50 | 3.11 | 8.48 | — | 7.23 | |
| Occidental Petroleum Corp. | 5.41 | 3.70 | 5.30 | — | 10.32 | |
| Valero Energy Corp. | 3.64 | 3.15 | 10.17 | 47.76 | 6.00 | |
| EV/EBITDA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 5.60 | 4.20 | 6.99 | 40.24 | 6.54 | |
| EV/EBITDA, Industry | ||||||
| Energy | 5.78 | 4.41 | 7.21 | 71.70 | 7.51 | |
Based on: 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), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 142,912 ÷ 25,338 = 5.64
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 decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level. |