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

Estée Lauder Cos. Inc., EBITDA calculation

US$ in millions

12 months ended:	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Net earnings attributable to The Estée Lauder Companies Inc.	1,006)	2,390)	2,870)	684)	1,785)	1,108)
Add: Net income attributable to noncontrolling interest	4)	18)	5)	12)	9)	9)
Add: Income tax expense	387)	628)	456)	350)	513)	863)
Earnings before tax (EBT)	1,397)	3,036)	3,331)	1,046)	2,307)	1,980)
Add: Interest expense	255)	167)	173)	161)	133)	128)
Earnings before interest and tax (EBIT)	1,652)	3,203)	3,504)	1,207)	2,440)	2,108)
Add: Depreciation and amortization	744)	727)	651)	611)	557)	531)
Earnings before interest, tax, depreciation and amortization (EBITDA)	2,396)	3,930)	4,155)	1,818)	2,997)	2,639)

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

Download chart

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.	Estée Lauder Cos. Inc. EBITDA decreased from 2021 to 2022 and from 2022 to 2023.

Estée Lauder Cos. Inc., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in millions)
Enterprise value (EV)	60,132)
Earnings before interest, tax, depreciation and amortization (EBITDA)	2,396)
Valuation Ratio
EV/EBITDA	25.10
Benchmarks
EV/EBITDA, Competitors¹
Procter & Gamble Co.	18.89
EV/EBITDA, Industry
Consumer Staples	19.84

Based on: 10-K (reporting date: 2023-06-30).

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.

Estée Lauder Cos. Inc., historical EV/EBITDA calculation, comparison to benchmarks

	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018
Selected Financial Data (US$ in millions)
Enterprise value (EV)¹	60,132)	96,188)	123,779)	81,575)	71,573)	50,639)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	2,396)	3,930)	4,155)	1,818)	2,997)	2,639)
Valuation Ratio
EV/EBITDA³	25.10	24.48	29.79	44.87	23.88	19.19
Benchmarks
EV/EBITDA, Competitors⁴
Procter & Gamble Co.	18.03	17.48	17.56	18.11	32.66	—
EV/EBITDA, Industry
Consumer Staples	15.56	15.87	15.79	14.68	18.29	—

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

¹ See details »

² See details »

³ 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 60,132 ÷ 2,396 = 25.10

⁴ Click competitor name to see calculations.

Download chart

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.	Estée Lauder Cos. Inc. EV/EBITDA ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Estée Lauder Cos. Inc. (NYSE:EL)

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