Question 1

What is Eversource Energy's EV/EBITDA ratio?

Accepted Answer

Eversource Energy (ES) EV/EBITDA ratio is 10.4× 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 Eversource Energy?

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 Eversource Energy specifically, the relevant sector benchmark is the current sector median of 12.7×.

Question 5

Is Eversource Energy's EV/EBITDA ratio high or low?

Accepted Answer

Eversource Energy's EV/EBITDA ratio of 10.4× is below its own 5-year average of 15.5× and below the sector median of 12.7×. That places the current reading at the 3th 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 Eversource Energy's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Eversource Energy (ES) EV/EBITDA ratio has ranged from a low of 4.8× in 2001 to a high of 34.9× in 2002. The 5-year average is 15.5× and the 5-year median is 13.2×.

Question 7

What was Eversource Energy's EV/EBITDA ratio in 2025?

Accepted Answer

Eversource Energy (ES) EV/EBITDA ratio at the end of 2025 was 10.3×. 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 Eversource Energy'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	$25.28B	$5.38B	10.3×	-1.8×	Dec 31, 2025
2024	$21.05B	$4.13B	12.1×	-22.5×	Dec 31, 2024
2023	$21.60B	$1.40B	34.6×	+22.2×	Dec 31, 2023
2022	$29.24B	$4.19B	12.4×	-2.4×	Dec 31, 2022
2021	$31.33B	$3.49B	14.8×	+0.1×	Dec 31, 2021
2020	$29.69B	$3.26B	14.6×	-0.8×	Dec 31, 2020
2019	$27.59B	$2.80B	15.4×	+3.3×	Dec 31, 2019
2018	$20.64B	$2.90B	12.1×	+0.3×	Dec 31, 2018
2017	$20.05B	$2.82B	11.8×	+1.0×	Dec 31, 2017
2016	$17.54B	$2.61B	10.8×	-0.0×	Dec 31, 2016
2015	$16.21B	$2.43B	10.9×	-0.9×	Dec 31, 2015
2014	$16.95B	$2.26B	11.8×	+1.3×	Dec 31, 2014
2013	$13.38B	$2.16B	10.5×	-2.4×	Dec 31, 2013
2012	$12.31B	$1.66B	12.9×	+2.6×	Dec 31, 2012
2011	$6.40B	$1.13B	10.3×	+1.3×	Dec 31, 2011
2010	$5.63B	$1.19B	9.0×	+0.5×	Dec 31, 2010
2009	$4.45B	$1.11B	8.5×	+0.1×	Dec 31, 2009
2008	$3.74B	$993.42M	8.4×	-0.1×	Dec 31, 2008
2007	$4.85B	$1.07B	8.4×	-1.3×	Dec 31, 2007
2006	$4.33B	$699.94M	9.7×	-4.2×	Dec 31, 2006
2005	$2.59B	$404.53M	13.9×	+7.3×	Dec 31, 2005
2004	$2.42B	$817.45M	6.6×	+1.2×	Dec 31, 2004
2003	$2.56B	$958.64M	5.4×	-0.6×	Dec 31, 2003
2002	$1.96B	$715.79M	6.0×	+1.3×	Dec 31, 2002
2001	$2.39B	$1.08B	4.8×	—	Dec 31, 2001


CMS Energy (CMS)	13.0×
FirstEnergy (FE)	12.9×
H2O America (HTO)	12.8×
Southern Company (SO)	12.7×
Vistra (VST)	12.7×
PPL (PPL)	12.7×
Evergy (EVRG)	12.7×
NiSource (NI)	12.6×
Pinnacle West Capital (PNW)	12.5×
New Jersey Resources (NJR)	12.3×
MGE Energy (MGEE)	12.0×
Duke Energy (DUK)	11.9×
Black Hills (BKH)	11.9×
Algonquin Power & Utilities (AQN)	11.8×
Public Service Enterprise Group (PEG)	11.7×
Exelon (EXC)	11.3×
AES (AES)	10.5×
Artesian Resources (ARTNA)	9.9×
Avista (AVA)	9.9×
Consolidated Edison (ED)	9.8×
Edison International (EIX)	9.6×
PG&E (PCG)	9.5×
UGI (UGI)	9.3×
Northwest Natural Holding (NWN)	8.9×
Ameren (AEE)	8.1×

EV/EBITDA for Eversource Energy (ES)

EV/EBITDA daily chart for Eversource Energy (ES)

Historical EV/EBITDA for Eversource Energy (ES) from 2001 to 2025

About EV/EBITDA at Eversource Energy (ES)

Eversource Energy EV/EBITDA by Year

Eversource Energy EV/EBITDA 2025: 10.3×

Eversource Energy EV/EBITDA 2024: 12.1×

Eversource Energy EV/EBITDA 2023: 34.6×

Eversource Energy EV/EBITDA 2022: 12.4×

Eversource Energy EV/EBITDA 2021: 14.8×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Eversource Energy (ES) Key Financials

EV/EBITDA daily chart for Eversource Energy (ES)

Historical EV/EBITDA for Eversource Energy (ES) from 2001 to 2025

About EV/EBITDA at Eversource Energy (ES)

Eversource Energy EV/EBITDA by Year

Eversource Energy EV/EBITDA 2025: 10.3×

Eversource Energy EV/EBITDA 2024: 12.1×

Eversource Energy EV/EBITDA 2023: 34.6×

Eversource Energy EV/EBITDA 2022: 12.4×

Eversource Energy EV/EBITDA 2021: 14.8×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Eversource Energy'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 Eversource Energy?

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

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

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

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

Eversource Energy (ES) Key Financials