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

Sysco Corp., EBITDA calculation

US$ in millions

12 months ended:	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Net earnings	1,955)	1,770)	1,359)	524)	215)	1,674)
Add: Income tax expense	610)	515)	388)	61)	78)	332)
Earnings before tax (EBT)	2,565)	2,285)	1,747)	585)	293)	2,006)
Add: Interest expense	607)	527)	624)	880)	408)	360)
Earnings before interest and tax (EBIT)	3,172)	2,812)	2,370)	1,465)	702)	2,366)
Add: Depreciation and amortization	873)	776)	773)	738)	806)	764)
Earnings before interest, tax, depreciation and amortization (EBITDA)	4,045)	3,588)	3,143)	2,203)	1,507)	3,130)

Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).

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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.	Sysco Corp. EBITDA increased from 2022 to 2023 and from 2023 to 2024.

Sysco Corp., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in millions)
Enterprise value (EV)	48,258)
Earnings before interest, tax, depreciation and amortization (EBITDA)	4,045)
Valuation Ratio
EV/EBITDA	11.93
Benchmarks
EV/EBITDA, Competitors¹
Costco Wholesale Corp.	32.15
Dollar General Corp.	7.28
Target Corp.	9.88
Walmart Inc.	18.93
EV/EBITDA, Sector
Consumer Staples Distribution & Retail	22.39
EV/EBITDA, Industry
Consumer Staples	19.50

Based on: 10-K (reporting date: 2024-06-29).

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.

Sysco Corp., historical EV/EBITDA calculation, comparison to benchmarks

	Jun 29, 2024	Jul 1, 2023	Jul 2, 2022	Jul 3, 2021	Jun 27, 2020	Jun 29, 2019
Selected Financial Data (US$ in millions)
Enterprise value (EV)¹	48,971)	44,889)	52,106)	48,525)	37,628)	45,291)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	4,045)	3,588)	3,143)	2,203)	1,507)	3,130)
Valuation Ratio
EV/EBITDA³	12.11	12.51	16.58	22.03	24.96	14.47
Benchmarks
EV/EBITDA, Competitors⁴
Costco Wholesale Corp.	32.85	22.66	21.19	22.64	21.69	20.13
Dollar General Corp.	12.01	12.76	14.60	11.55	13.79	12.89
Target Corp.	10.37	13.52	9.00	10.35	8.50	7.49
Walmart Inc.	14.63	13.92	13.94	12.01	11.12	13.73
EV/EBITDA, Sector
Consumer Staples Distribution & Retail	—	15.40	14.33	13.68	12.74	13.73
EV/EBITDA, Industry
Consumer Staples	—	15.48	15.89	15.90	14.82	18.16

Based on: 10-K (reporting date: 2024-06-29), 10-K (reporting date: 2023-07-01), 10-K (reporting date: 2022-07-02), 10-K (reporting date: 2021-07-03), 10-K (reporting date: 2020-06-27), 10-K (reporting date: 2019-06-29).

¹ See details »

² See details »

³ 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 48,971 ÷ 4,045 = 12.11

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.	Sysco Corp. EV/EBITDA ratio decreased from 2022 to 2023 and from 2023 to 2024.

Sysco Corp. (NYSE:SYY)

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