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: 2024-12-31), 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).
| 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 decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 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) | 179,828) |
| Earnings before interest, tax, depreciation and amortization (EBITDA) | 12,461) |
| Valuation Ratio | |
| EV/EBITDA | 14.43 |
| Benchmarks | |
| EV/EBITDA, Competitors1 | |
| FedEx Corp. | 7.21 |
| Uber Technologies Inc. | 32.33 |
| United Airlines Holdings Inc. | 6.21 |
| United Parcel Service Inc. | 9.09 |
| EV/EBITDA, Sector | |
| Transportation | 12.86 |
| EV/EBITDA, Industry | |
| Industrials | 16.44 |
Based on: 10-K (reporting date: 2024-12-31).
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, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Enterprise value (EV)1 | 176,462) | 183,633) | 158,093) | 183,147) | 161,709) | |
| Earnings before interest, tax, depreciation and amortization (EBITDA)2 | 12,461) | 11,891) | 12,589) | 11,843) | 10,331) | |
| Valuation Ratio | ||||||
| EV/EBITDA3 | 14.16 | 15.44 | 12.56 | 15.46 | 15.65 | |
| Benchmarks | ||||||
| EV/EBITDA, Competitors4 | ||||||
| FedEx Corp. | 8.12 | 7.59 | 7.33 | 8.22 | 10.09 | |
| Uber Technologies Inc. | 31.61 | 45.37 | — | 227.40 | — | |
| United Airlines Holdings Inc. | — | 3.81 | 6.05 | 20.34 | — | |
| United Parcel Service Inc. | — | 11.23 | 8.83 | 9.55 | 30.22 | |
| EV/EBITDA, Sector | ||||||
| Transportation | — | 13.07 | 13.06 | 12.69 | 50.30 | |
| EV/EBITDA, Industry | ||||||
| Industrials | — | 14.99 | 16.55 | 16.42 | 30.48 | |
Based on: 10-K (reporting date: 2024-12-31), 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).
3 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 176,462 ÷ 12,461 = 14.16
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 increased from 2022 to 2023 but then slightly decreased from 2023 to 2024. |