Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30).
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. | Johnson Controls International plc EBITDA decreased from 2021 to 2022 but then slightly increased from 2022 to 2023. |
Enterprise Value to EBITDA Ratio, Current
Selected Financial Data (US$ in millions) | |
Enterprise value (EV) | 49,899) |
Earnings before interest, tax, depreciation and amortization (EBITDA) | 2,865) |
Valuation Ratio | |
EV/EBITDA | 17.42 |
Benchmarks | |
EV/EBITDA, Competitors1 | |
Boeing Co. | 54.71 |
Caterpillar Inc. | 13.64 |
Eaton Corp. plc | 30.41 |
GE Aerospace | 14.35 |
Honeywell International Inc. | 17.62 |
Lockheed Martin Corp. | 13.67 |
RTX Corp. | 20.35 |
EV/EBITDA, Sector | |
Capital Goods | 18.04 |
EV/EBITDA, Industry | |
Industrials | 16.50 |
Based on: 10-K (reporting date: 2023-09-30).
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.
Enterprise Value to EBITDA Ratio, Historical
Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | Sep 30, 2018 | ||
---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||
Enterprise value (EV)1 | 45,986) | 53,660) | 62,765) | 39,790) | 38,054) | 42,897) | |
Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 2,865) | 2,765) | 3,678) | 1,965) | 2,216) | 4,423) | |
Valuation Ratio | |||||||
EV/EBITDA3 | 16.05 | 19.41 | 17.07 | 20.25 | 17.17 | 9.70 | |
Benchmarks | |||||||
EV/EBITDA, Competitors4 | |||||||
Boeing Co. | 71.32 | — | — | — | 284.02 | — | |
Caterpillar Inc. | 12.16 | 13.86 | 12.43 | 19.87 | 9.66 | — | |
Eaton Corp. plc | 24.91 | 19.18 | 17.06 | 22.11 | 12.86 | — | |
GE Aerospace | 11.06 | 14.82 | 95.57 | 9.35 | 13.66 | — | |
Honeywell International Inc. | 15.55 | 18.01 | 15.57 | 20.21 | 14.95 | — | |
Lockheed Martin Corp. | 11.71 | 14.98 | 11.97 | 9.97 | 14.86 | — | |
RTX Corp. | 16.62 | 14.92 | 15.48 | 41.71 | 12.60 | — | |
EV/EBITDA, Sector | |||||||
Capital Goods | 16.03 | 19.01 | 19.87 | 25.02 | 16.22 | — | |
EV/EBITDA, Industry | |||||||
Industrials | 15.63 | 17.07 | 16.21 | 26.87 | 17.56 | — |
Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 45,986 ÷ 2,865 = 16.05
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. | Johnson Controls International plc EV/EBITDA ratio increased from 2021 to 2022 but then decreased significantly from 2022 to 2023. |