Question 1

What is Allstate's EV/EBITDA ratio?

Accepted Answer

Allstate (ALL) EV/EBITDA ratio is 3.7× as of June 5, 2026. The ratio is calculated by dividing enterprise value by trailing twelve-month EBITDA, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the EV/EBITDA ratio calculated?

Accepted Answer

EV/EBITDA = Enterprise Value ÷ Trailing Twelve-Month (TTM) EBITDA, where Enterprise Value = Market Capitalisation + Total Debt − Cash & Short-Term Investments. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the EV/EBITDA ratio?

Accepted Answer

The EV/EBITDA ratio (the enterprise multiple) compares enterprise value (EV) to trailing twelve-month (TTM) EBITDA. EV is calculated as market capitalisation + total debt − cash & short-term investments. Because EV/EBITDA is capital-structure-neutral and ignores non-cash depreciation and amortisation, it is the standard multiple used in M&A and for cross-company or cross-border comparisons. Note: this calculation uses a simplified EV (minority interest and preferred equity excluded due to data availability), consistent with most public financial-data providers.

Question 4

What is a good EV/EBITDA ratio for Allstate?

Accepted Answer

Mature, cash-generative businesses commonly trade in the 8–12× EV/EBITDA range; higher-growth, asset-light companies often trade at 15–25×+. EV/EBITDA is most useful for comparing companies with different capital structures (debt levels) or tax regimes. For Allstate specifically, the relevant sector benchmark is the current sector median of 9.3×.

Question 5

Is Allstate's EV/EBITDA ratio high or low?

Accepted Answer

Allstate's EV/EBITDA ratio of 3.7× is below its own 5-year average of 11.9× and below the sector median of 9.3×. That places the current reading at the 6th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Allstate's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Allstate (ALL) EV/EBITDA ratio has ranged from a low of 3.4× in 2021 to a high of 66.0× in 2024. The 5-year average is 11.9× and the 5-year median is 7.7×.

Question 7

What was Allstate's EV/EBITDA ratio in 2025?

Accepted Answer

Allstate (ALL) EV/EBITDA ratio at the end of 2025 was 4.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month EBITDA figure available at that date.

Question 8

Why does Allstate's EV/EBITDA ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (enterprise value, which tracks share price plus net debt) and the denominator (EBITDA). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$54.39B	$14.04B	4.0×	-4.0×	Dec 31, 2025
2024	$51.11B	$6.72B	8.0×	-44.7×	Dec 31, 2024
2023	$36.70B	$735.00M	52.8×	—	Dec 31, 2023
2022	$35.85B	−$658.00M	—	—	Dec 31, 2022
2021	$33.53B	$7.86B	4.7×	+0.5×	Dec 31, 2021
2020	$33.45B	$8.25B	4.1×	-1.3×	Dec 31, 2020
2019	$36.06B	$7.06B	5.4×	-2.8×	Dec 31, 2019
2018	$28.25B	$3.82B	8.2×	-0.4×	Dec 31, 2018
2017	$37.43B	$4.81B	8.6×	+0.1×	Dec 31, 2017
2016	$27.28B	$3.43B	8.4×	+1.7×	Dec 31, 2016
2015	$23.90B	$3.94B	6.7×	+0.3×	Dec 31, 2015
2014	$29.52B	$4.92B	6.4×	-0.3×	Dec 31, 2014
2013	$24.35B	$4.13B	6.7×	+1.2×	Dec 31, 2013
2012	$19.37B	$4.07B	5.5×	-5.5×	Dec 31, 2012
2011	$13.67B	$1.60B	11.0×	-1.0×	Dec 31, 2011
2010	$16.93B	$1.59B	12.0×	+0.0×	Dec 31, 2010
2009	$16.24B	$1.55B	11.9×	—	Dec 31, 2009
2008	$17.64B	−$3.05B	—	—	Dec 31, 2008
2007	$29.19B	$6.73B	4.7×	-1.1×	Dec 31, 2007
2006	$40.16B	$7.35B	5.7×	-9.7×	Dec 31, 2006
2005	$34.78B	$2.35B	15.4×	+8.1×	Dec 31, 2005
2004	$35.05B	$4.89B	7.3×	-1.3×	Dec 31, 2004
2003	$30.31B	$3.83B	8.7×	-7.0×	Dec 31, 2003
2002	$26.02B	$1.76B	15.7×	-2.3×	Dec 31, 2002
2001	$23.98B	$1.43B	18.0×	—	Dec 31, 2001


Wells Fargo (WFC)	2.9×
Farmers & Merchants Bancorp (FMCB)	2.8×
JPMorgan Chase (JPM)	2.3×
AXIS Capital Holdings (AXS)	2.2×
American International Group (AIG)	1.9×
Ally Financial (ALLY)	1.7×
United Bankshares (UBSI)	1.6×
Commerce Bancshares (CBSH)	0.7×
W. R. Berkley (WRB)	-0.0×
Morgan Stanley (MS)	-0.3×
M&T Bank (MTB)	-0.6×
Capital One Financial (COF)	-0.6×
Everest Re Group (EG)	-0.7×
Travelers Companies (TRV)	-2.5×
Globe Life (GL-PD)	-2.6×
RenaissanceRe Holdings (RNR)	-3.5×
PNC Financial Services Group (PNC)	-3.8×
BancFirst (BANF)	-5.5×
U.S. Bancorp (USB)	-5.5×
KeyCorp (KEY)	-9.2×
Bank of New York Mellon (BNY)	-13.3×
Bank of New York Mellon (BK)	-13.3×
Ames National (ATLO)	-14.6×
State Street (STT)	-17.7×
MetLife (MET)	-46.3×

EV/EBITDA for Allstate (ALL)

EV/EBITDA daily chart for Allstate (ALL)

Historical EV/EBITDA for Allstate (ALL) from 2001 to 2025

About EV/EBITDA at Allstate (ALL)

Allstate EV/EBITDA by Year

Allstate EV/EBITDA 2025: 4.0×

Allstate EV/EBITDA 2024: 8.0×

Allstate EV/EBITDA 2023: 52.8×

Allstate EV/EBITDA 2021: 4.7×

Allstate EV/EBITDA 2020: 4.1×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Allstate (ALL) Key Financials

EV/EBITDA daily chart for Allstate (ALL)

Historical EV/EBITDA for Allstate (ALL) from 2001 to 2025

About EV/EBITDA at Allstate (ALL)

Allstate EV/EBITDA by Year

Allstate EV/EBITDA 2025: 4.0×

Allstate EV/EBITDA 2024: 8.0×

Allstate EV/EBITDA 2023: 52.8×

Allstate EV/EBITDA 2021: 4.7×

Allstate EV/EBITDA 2020: 4.1×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Allstate's EV/EBITDA ratio?

+How is the EV/EBITDA ratio calculated?

+What is the EV/EBITDA ratio?

+What is a good EV/EBITDA ratio for Allstate?

+Is Allstate's EV/EBITDA ratio high or low?

+What is Allstate's historical EV/EBITDA ratio range?

+What was Allstate's EV/EBITDA ratio in 2025?

+Why does Allstate's EV/EBITDA ratio change over time?

Allstate (ALL) Key Financials