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

Procter & Gamble Co., EBITDA calculation

US$ in millions

12 months ended:	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Net earnings attributable to Procter & Gamble (P&G)	14,879)	14,653)	14,742)	14,306)	13,027)	3,897)
Add: Net income attributable to noncontrolling interest	95)	85)	51)	46)	76)	69)
Add: Income tax expense	3,787)	3,615)	3,202)	3,263)	2,731)	2,103)
Earnings before tax (EBT)	18,761)	18,353)	17,995)	17,615)	15,834)	6,069)
Add: Interest expense	925)	756)	439)	502)	465)	509)
Earnings before interest and tax (EBIT)	19,686)	19,109)	18,434)	18,117)	16,299)	6,578)
Add: Depreciation and amortization	2,896)	2,714)	2,807)	2,735)	3,013)	2,824)
Earnings before interest, tax, depreciation and amortization (EBITDA)	22,582)	21,823)	21,241)	20,852)	19,312)	9,402)

Based on: 10-K (reporting date: 2024-06-30), 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).

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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.	Procter & Gamble Co. EBITDA increased from 2022 to 2023 and from 2023 to 2024.

Procter & Gamble Co., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in millions)
Enterprise value (EV)	426,195)
Earnings before interest, tax, depreciation and amortization (EBITDA)	22,582)
Valuation Ratio
EV/EBITDA	18.87
Benchmarks
EV/EBITDA, Industry
Consumer Staples	19.89

Based on: 10-K (reporting date: 2024-06-30).

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.

Procter & Gamble Co., historical EV/EBITDA calculation, comparison to benchmarks

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Selected Financial Data (US$ in millions)
Enterprise value (EV)¹	419,670)	393,511)	371,203)	366,108)	349,722)	307,076)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	22,582)	21,823)	21,241)	20,852)	19,312)	9,402)
Valuation Ratio
EV/EBITDA³	18.58	18.03	17.48	17.56	18.11	32.66
Benchmarks
EV/EBITDA, Industry
Consumer Staples	—	15.56	15.87	15.79	14.68	18.29

Based on: 10-K (reporting date: 2024-06-30), 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).

¹ See details »

² See details »

³ 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 419,670 ÷ 22,582 = 18.58

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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.	Procter & Gamble Co. EV/EBITDA ratio increased from 2022 to 2023 and from 2023 to 2024.

Procter & Gamble Co. (NYSE:PG)

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