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)

General Motors Co., EBITDA calculation

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income attributable to stockholders	6,008)	10,127)	9,934)	10,019)	6,427)
Add: Net income attributable to noncontrolling interest	(45)	(287)	(226)	(74)	(106)
Add: Income tax expense	2,556)	563)	1,889)	2,771)	1,774)
Earnings before tax (EBT)	8,519)	10,403)	11,597)	12,716)	8,095)
Add: Automotive interest expense	846)	911)	987)	950)	1,098)
Earnings before interest and tax (EBIT)	9,365)	11,314)	12,584)	13,666)	9,193)
Add: Depreciation and impairment of Equipment on operating leases, net	4,844)	4,904)	4,839)	6,076)	7,178)
Add: Depreciation, amortization and impairment charges on Property, net	7,545)	6,984)	6,451)	5,975)	5,637)
Earnings before interest, tax, depreciation and amortization (EBITDA)	21,754)	23,202)	23,874)	25,717)	22,008)

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).

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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.	General Motors Co. EBITDA decreased from 2022 to 2023 and from 2023 to 2024.

Enterprise Value to EBITDA Ratio, Current

General Motors Co., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in millions)
Enterprise value (EV)	152,764)
Earnings before interest, tax, depreciation and amortization (EBITDA)	21,754)
Valuation Ratio
EV/EBITDA	7.02
Benchmarks
EV/EBITDA, Competitors¹
Ford Motor Co.	9.89
Tesla Inc.	75.62
EV/EBITDA, Sector
Automobiles & Components	27.67
EV/EBITDA, Industry
Consumer Discretionary	23.76

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

General Motors Co., 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	154,903)	143,220)	142,368)	164,511)	164,580)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	21,754)	23,202)	23,874)	25,717)	22,008)
Valuation Ratio
EV/EBITDA³	7.12	6.17	5.96	6.40	7.48
Benchmarks
EV/EBITDA, Competitors⁴
Ford Motor Co.	9.86	12.34	25.07	5.97	16.98
Tesla Inc.	85.66	39.53	30.00	96.39	194.58
EV/EBITDA, Sector
Automobiles & Components	—	17.43	17.29	20.13	32.21
EV/EBITDA, Industry
Consumer Discretionary	—	18.14	19.78	21.32	29.33

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).

¹ See details »

² See details »

³ 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 154,903 ÷ 21,754 = 7.12

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.	General Motors Co. EV/EBITDA ratio increased from 2022 to 2023 and from 2023 to 2024.

General Motors Co. (NYSE:GM)

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