Enterprise Value to EBITDA (EV/EBITDA)
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
Union Pacific Corp., EBITDA calculation
US$ in millions
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| 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. | Union Pacific Corp. EBITDA increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level. |
Enterprise Value to EBITDA Ratio, Current
Union Pacific Corp., current EV/EBITDA calculation, comparison to benchmarks
| Selected Financial Data (US$ in millions) | |
| Enterprise value (EV) | 172,958) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 11,891) |
| Valuation Ratio | |
| EV/EBITDA | 14.55 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| FedEx Corp. | 7.85 |
| Uber Technologies Inc. | 39.24 |
| United Parcel Service Inc. | 10.21 |
| EV/EBITDA, Sector | |
| Transportation | 13.92 |
| EV/EBITDA, Industry | |
| Industrials | 16.52 |
Based on: 10-K (reporting date: 2023-12-31).
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
Union Pacific Corp., historical EV/EBITDA calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 183,633) | 158,093) | 183,147) | 161,709) | 151,260) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 11,891) | 12,589) | 11,843) | 10,331) | 11,013) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 15.44 | 12.56 | 15.46 | 15.65 | 13.73 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| FedEx Corp. | 7.59 | 7.33 | 8.22 | 10.09 | 12.96 | |
| Uber Technologies Inc. | 45.37 | — | 227.40 | — | — | |
| United Parcel Service Inc. | 11.23 | 8.83 | 9.55 | 30.22 | 12.80 | |
| EV/EBITDA, Sector | ||||||
| Transportation | 14.94 | 14.15 | 12.42 | 30.99 | 22.19 | |
| EV/EBITDA, Industry | ||||||
| Industrials | 15.63 | 17.07 | 16.21 | 26.87 | 17.56 | |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 183,633 ÷ 11,891 = 15.44
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. | Union Pacific Corp. EV/EBITDA ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level. |