Question 1

What is Evergy's EV/EBITDA ratio?

Accepted Answer

Evergy (EVRG) EV/EBITDA ratio is 12.9× 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 Evergy?

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

Question 5

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

Accepted Answer

Evergy's EV/EBITDA ratio of 12.9× is above its own 5-year average of 11.4× and above the sector median of 12.7×. That places the current reading at the 99th 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 Evergy's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Evergy (EVRG) EV/EBITDA ratio has ranged from a low of 5.2× in 2004 to a high of 17.0× in 2018. The 5-year average is 11.4× and the 5-year median is 11.3×.

Question 7

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

Accepted Answer

Evergy (EVRG) EV/EBITDA ratio at the end of 2025 was 11.8×. 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 Evergy'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	$16.71B	$2.71B	11.8×	+1.1×	Dec 31, 2025
2024	$14.17B	$2.64B	10.7×	+0.2×	Dec 31, 2024
2023	$12.27B	$2.42B	10.5×	-1.5×	Dec 31, 2023
2022	$14.45B	$2.19B	12.1×	+0.5×	Dec 31, 2022
2021	$15.71B	$2.31B	11.6×	+0.5×	Dec 31, 2021
2020	$12.61B	$2.05B	11.1×	-1.3×	Dec 31, 2020
2019	$15.59B	$2.06B	12.4×	-0.9×	Dec 31, 2019
2018	$12.14B	$1.54B	13.3×	+2.4×	Dec 31, 2018
2017	$7.52B	$1.06B	10.9×	-0.3×	Dec 31, 2017
2016	$8.01B	$1.07B	11.2×	+1.3×	Dec 31, 2016
2015	$6.01B	$968.16M	9.9×	+0.6×	Dec 31, 2015
2014	$5.42B	$969.21M	9.3×	+0.8×	Dec 31, 2014
2013	$4.10B	$902.03M	8.5×	+0.5×	Dec 31, 2013
2012	$3.63B	$879.77M	8.0×	+0.1×	Dec 31, 2012
2011	$3.36B	$818.46M	7.8×	+0.4×	Dec 31, 2011
2010	$2.81B	$785.28M	7.4×	-1.1×	Dec 31, 2010
2009	$2.38B	$609.07M	8.5×	-0.3×	Dec 31, 2009
2008	$2.13B	$525.15M	8.8×	+0.7×	Dec 31, 2008
2007	$2.35B	$563.03M	8.1×	+0.3×	Dec 31, 2007
2006	$2.27B	$510.69M	7.8×	+0.3×	Dec 31, 2006
2005	$1.87B	$466.45M	7.5×	-0.1×	Dec 31, 2005
2004	$1.90B	$474.59M	7.5×	+1.9×	Dec 31, 2004
2003	$1.47B	$648.67M	5.6×	-3.9×	Dec 31, 2003
2002	$710.14M	$379.61M	9.5×	+0.1×	Dec 31, 2002
2001	$1.22B	$477.03M	9.4×	—	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×
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×
Eversource Energy (ES)	10.3×
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 Evergy (EVRG)

EV/EBITDA daily chart for Evergy (EVRG)

Historical EV/EBITDA for Evergy (EVRG) from 2001 to 2025

About EV/EBITDA at Evergy (EVRG)

Evergy EV/EBITDA by Year

Evergy EV/EBITDA 2025: 11.8×

Evergy EV/EBITDA 2024: 10.7×

Evergy EV/EBITDA 2023: 10.5×

Evergy EV/EBITDA 2022: 12.1×

Evergy EV/EBITDA 2021: 11.6×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Evergy (EVRG) Key Financials

EV/EBITDA daily chart for Evergy (EVRG)

Historical EV/EBITDA for Evergy (EVRG) from 2001 to 2025

About EV/EBITDA at Evergy (EVRG)

Evergy EV/EBITDA by Year

Evergy EV/EBITDA 2025: 11.8×

Evergy EV/EBITDA 2024: 10.7×

Evergy EV/EBITDA 2023: 10.5×

Evergy EV/EBITDA 2022: 12.1×

Evergy EV/EBITDA 2021: 11.6×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Evergy'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 Evergy?

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

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

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

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

Evergy (EVRG) Key Financials