Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
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. | Halliburton Co. EBITDA increased from 2016 to 2017 and from 2017 to 2018. |
Enterprise Value to EBITDA Ratio, Current
Selected Financial Data (US$ in millions) | |
Enterprise value (EV) | 35,869) |
Earnings before interest, tax, depreciation and amortization (EBITDA) | 4,018) |
Valuation Ratio | |
EV/EBITDA | 8.93 |
Benchmarks | |
EV/EBITDA, Competitors1 | |
Schlumberger Ltd. | 8.72 |
Based on: 10-K (reporting date: 2018-12-31).
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
Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Enterprise value (EV)1 | 35,869) | 49,490) | 55,991) | 32,211) | 42,232) | |
Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 4,018) | 2,943) | (5,424) | 1,362) | 7,234) | |
Valuation Ratio | ||||||
EV/EBITDA3 | 8.93 | 16.82 | — | 23.65 | 5.84 | |
Benchmarks | ||||||
EV/EBITDA, Competitors4 | ||||||
Schlumberger Ltd. | — | — | — | — | — |
Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).
3 2018 Calculation
EV/EBITDA = EV ÷ EBITDA
= 35,869 ÷ 4,018 = 8.93
4 Click competitor name to see calculations.