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)	48,971)
Earnings before interest, tax, depreciation and amortization (EBITDA)	4,045)
Valuation Ratio
EV/EBITDA	12.11
Benchmarks
EV/EBITDA, Competitors¹
Costco Wholesale Corp.	34.16
Target Corp.	8.54
Walmart Inc.	21.50
EV/EBITDA, Sector
Consumer Staples Distribution & Retail	26.75
EV/EBITDA, Industry
Consumer Staples	19.69

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
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	—	15.84	14.18	13.50	12.30	13.73
EV/EBITDA, Industry
Consumer Staples	—	15.59	16.13	15.92	14.73	18.46

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