Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Exxon Mobil Corp., 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. | Exxon Mobil Corp. EBITDA decreased from 2022 to 2023 and from 2023 to 2024. |
Enterprise Value to EBITDA Ratio, Current
Exxon Mobil Corp., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 536,429) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 73,311) |
| Valuation Ratio | |
| EV/EBITDA | 7.32 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| Chevron Corp. | 6.85 |
| ConocoPhillips | 6.17 |
| Occidental Petroleum Corp. | 6.22 |
| EV/EBITDA, Sector | |
| Oil, Gas & Consumable Fuels | 6.91 |
| EV/EBITDA, Industry | |
| Energy | 6.96 |
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
Exxon Mobil Corp., 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 | 504,190) | 431,696) | 465,686) | 373,021) | 310,294) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 73,311) | 74,273) | 102,591) | 52,788) | 18,284) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 6.88 | 5.81 | 4.54 | 7.07 | 16.97 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| Chevron Corp. | 6.50 | 6.34 | 4.74 | 7.18 | 18.57 | |
| ConocoPhillips | 5.91 | 5.64 | 3.82 | 6.34 | 23.12 | |
| Occidental Petroleum Corp. | 6.22 | 5.41 | 3.70 | 5.30 | — | |
| EV/EBITDA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 6.56 | 5.90 | 4.40 | 6.79 | 24.59 | |
| EV/EBITDA, Industry | ||||||
| Energy | 6.62 | 6.11 | 4.65 | 7.04 | 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
= 504,190 ÷ 73,311 = 6.88
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. | Exxon Mobil Corp. EV/EBITDA ratio increased from 2022 to 2023 and from 2023 to 2024. |