Question 1

What is Crown Castle's EV/EBITDA ratio?

Accepted Answer

Crown Castle (CCI) EV/EBITDA ratio is 24.3× 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 Crown Castle?

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 Crown Castle specifically, the relevant sector benchmark is the current sector median of 15.8×.

Question 5

Is Crown Castle's EV/EBITDA ratio high or low?

Accepted Answer

Crown Castle's EV/EBITDA ratio of 24.3× is above its own 5-year average of 23.5× and above the sector median of 15.8×. That places the current reading at the 65th 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 Crown Castle's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Crown Castle (CCI) EV/EBITDA ratio has ranged from a low of 7.8× in 2002 to a high of 34.6× in 2021. The 5-year average is 23.5× and the 5-year median is 21.8×.

Question 7

What was Crown Castle's EV/EBITDA ratio in 2025?

Accepted Answer

Crown Castle (CCI) EV/EBITDA ratio at the end of 2025 was 24.6×. 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 Crown Castle'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	$38.66B	$2.77B	24.6×	—	Dec 31, 2025
2024	$39.39B	−$1.25B	—	—	Dec 31, 2024
2023	$49.99B	$4.10B	19.2×	-2.1×	Dec 31, 2023
2022	$58.73B	$4.07B	21.3×	-12.6×	Dec 31, 2022
2021	$90.18B	$3.46B	33.8×	+5.8×	Dec 31, 2021
2020	$68.61B	$3.35B	28.0×	+0.6×	Dec 31, 2020
2019	$59.13B	$3.02B	27.4×	+5.8×	Dec 31, 2019
2018	$45.08B	$2.84B	21.7×	-5.0×	Dec 31, 2018
2017	$45.10B	$2.28B	26.7×	+5.3×	Dec 31, 2017
2016	$30.55B	$1.98B	21.3×	+0.9×	Dec 31, 2016
2015	$28.80B	$2.00B	20.5×	-0.0×	Dec 31, 2015
2014	$26.16B	$1.85B	20.5×	-1.3×	Dec 31, 2014
2013	$22.71B	$1.57B	21.8×	-3.7×	Dec 31, 2013
2012	$20.61B	$1.25B	25.5×	+8.8×	Dec 31, 2012
2011	$12.59B	$1.16B	16.7×	-13.6×	Dec 31, 2011
2010	$12.55B	$633.20M	30.4×	+8.7×	Dec 31, 2010
2009	$11.22B	$785.34M	21.7×	+6.1×	Dec 31, 2009
2008	$5.02B	$702.52M	15.6×	-9.6×	Dec 31, 2008
2007	$11.62B	$699.36M	25.2×	-2.5×	Dec 31, 2007
2006	$8.83B	$425.16M	27.6×	+2.7×	Dec 31, 2006
2005	$5.75B	$318.57M	25.0×	+6.0×	Dec 31, 2005
2004	$3.71B	$263.78M	18.9×	+3.9×	Dec 31, 2004
2003	$2.41B	$359.57M	15.0×	+6.2×	Dec 31, 2003
2002	$806.77M	$387.05M	8.8×	-4.1×	Dec 31, 2002
2001	$2.31B	$377.56M	12.9×	—	Dec 31, 2001


Regency Centers (REG)	17.7×
CBRE Group (CBRE)	17.2×
Invitation Homes (INVH)	16.1×
AvalonBay Communities (AVB)	16.1×
SBA Communications (SBAC)	16.0×
Mid-America Apartment Communities (MAA)	15.9×
Tanger (SKT)	15.7×
Essex Property Trust (ESS)	15.5×
Kimco Realty (KIM)	15.1×
UDR (UDR)	15.0×
STAG Industrial (STAG)	14.8×
NNN REIT (NNN)	14.7×
Universal Health Realty Income Trust (UHT)	14.7×
Arbor Realty Trust (ABR)	14.1×
Equity Residential (EQR)	13.1×
Extra Space Storage (EXR)	13.0×
Federal Realty Investment Trust (FRT)	12.8×
Medical Properties Trust (MPT)	12.8×
BXP (BXP)	12.6×
Camden Property Trust (CPT)	12.4×
Healthpeak Properties (DOC)	11.7×
VICI Properties (VICI)	11.6×
Simon Property Group (SPG)	11.5×
Apartment Investment and Management (AIV)	8.8×
Host Hotels & Resorts (HST)	8.1×

EV/EBITDA for Crown Castle (CCI)

EV/EBITDA daily chart for Crown Castle (CCI)

Historical EV/EBITDA for Crown Castle (CCI) from 2001 to 2025

About EV/EBITDA at Crown Castle (CCI)

Crown Castle EV/EBITDA by Year

Crown Castle EV/EBITDA 2025: 24.6×

Crown Castle EV/EBITDA 2023: 19.2×

Crown Castle EV/EBITDA 2022: 21.3×

Crown Castle EV/EBITDA 2021: 33.8×

Crown Castle EV/EBITDA 2020: 28.0×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Crown Castle (CCI) Key Financials

EV/EBITDA daily chart for Crown Castle (CCI)

Historical EV/EBITDA for Crown Castle (CCI) from 2001 to 2025

About EV/EBITDA at Crown Castle (CCI)

Crown Castle EV/EBITDA by Year

Crown Castle EV/EBITDA 2025: 24.6×

Crown Castle EV/EBITDA 2023: 19.2×

Crown Castle EV/EBITDA 2022: 21.3×

Crown Castle EV/EBITDA 2021: 33.8×

Crown Castle EV/EBITDA 2020: 28.0×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Crown Castle'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 Crown Castle?

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

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

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

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

Crown Castle (CCI) Key Financials