Question 1

What is Baker Hughes's EV/EBITDA ratio?

Accepted Answer

Baker Hughes (BKR) EV/EBITDA ratio is 14.0× 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 Baker Hughes?

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 Baker Hughes specifically, the relevant sector benchmark is the current sector median of 10.1×.

Question 5

Is Baker Hughes's EV/EBITDA ratio high or low?

Accepted Answer

Baker Hughes's EV/EBITDA ratio of 14.0× is above its own 5-year average of 12.3× and above the sector median of 10.1×. That places the current reading at the 69th 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 Baker Hughes's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Baker Hughes (BKR) EV/EBITDA ratio has ranged from a low of 6.1× in 2018 to a high of 36.5× in 2017. The 5-year average is 12.3× and the 5-year median is 10.7×.

Question 7

What was Baker Hughes's EV/EBITDA ratio in 2025?

Accepted Answer

Baker Hughes (BKR) EV/EBITDA ratio at the end of 2025 was 11.0×. 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 Baker Hughes'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	$44.99B	$4.29B	11.0×	+1.5×	Dec 31, 2025
2024	$40.90B	$4.60B	9.5×	-0.0×	Dec 31, 2024
2023	$34.21B	$3.96B	9.5×	-15.7×	Dec 31, 2023
2022	$29.53B	$1.33B	25.2×	+11.9×	Dec 31, 2022
2021	$21.56B	$1.83B	13.3×	—	Dec 31, 2021
2020	$14.87B	−$13.62B	—	—	Dec 31, 2020
2019	$16.66B	$2.41B	8.3×	+2.2×	Dec 31, 2019
2018	$10.06B	$2.25B	6.1×	-9.7×	Dec 31, 2018
2017	$13.51B	$940.00M	15.8×	-2.2×	Dec 31, 2017
2016	$19.51B	$1.04B	18.0×	—	Dec 31, 2016


Sunrun (RUN)	23.1×
Enphase Energy (ENPH)	22.3×
Williams Companies (WMB)	16.7×
Enbridge (ENB)	14.5×
Kinder Morgan (KMI)	14.1×
Targa Resources (TRGP)	14.0×
Diamondback Energy (FANG)	12.9×
Exxon Mobil (XOM)	12.4×
SLB (SLB)	12.1×
ONEOK (OKE)	11.5×
Chevron (CVX)	11.1×
Halliburton (HAL)	10.1×
Energy Transfer LP (ET)	9.3×
Valero Energy (VLO)	8.7×
Marathon Petroleum (MPC)	8.4×
Phillips 66 (PSX)	8.3×
First Solar (FSLR)	8.2×
ConocoPhillips (COP)	8.0×
National Fuel Gas (NFG)	7.4×
Occidental Petroleum (OXY)	6.8×
EOG Resources (EOG)	6.7×
EQT (EQT)	6.1×
Devon Energy (DVN)	5.4×
Expand Energy (EXE)	4.1×
APA (APA)	3.4×

EV/EBITDA for Baker Hughes (BKR)

EV/EBITDA daily chart for Baker Hughes (BKR)

Historical EV/EBITDA for Baker Hughes (BKR) from 2016 to 2025

About EV/EBITDA at Baker Hughes (BKR)

Baker Hughes EV/EBITDA by Year

Baker Hughes EV/EBITDA 2025: 11.0×

Baker Hughes EV/EBITDA 2024: 9.5×

Baker Hughes EV/EBITDA 2023: 9.5×

Baker Hughes EV/EBITDA 2022: 25.2×

Baker Hughes EV/EBITDA 2021: 13.3×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Baker Hughes (BKR) Key Financials

EV/EBITDA daily chart for Baker Hughes (BKR)

Historical EV/EBITDA for Baker Hughes (BKR) from 2016 to 2025

About EV/EBITDA at Baker Hughes (BKR)

Baker Hughes EV/EBITDA by Year

Baker Hughes EV/EBITDA 2025: 11.0×

Baker Hughes EV/EBITDA 2024: 9.5×

Baker Hughes EV/EBITDA 2023: 9.5×

Baker Hughes EV/EBITDA 2022: 25.2×

Baker Hughes EV/EBITDA 2021: 13.3×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Baker Hughes'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 Baker Hughes?

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

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

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

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

Baker Hughes (BKR) Key Financials