Question 1

What is Fastenal's EV/EBITDA ratio?

Accepted Answer

Fastenal (FAST) EV/EBITDA ratio is 27.4× as of July 22, 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 Fastenal?

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 Fastenal specifically, the relevant sector benchmark is the current sector median of 15.9×.

Question 5

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

Accepted Answer

Fastenal's EV/EBITDA ratio of 27.4× is above its own 5-year average of 23.4× and above the sector median of 15.9×. That places the current reading at the 80th 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 Fastenal's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Fastenal (FAST) EV/EBITDA ratio has ranged from a low of 10.2× in 2009 to a high of 33.3× in 2025. The 5-year average is 23.4× and the 5-year median is 23.9×.

Question 7

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

Accepted Answer

Fastenal (FAST) EV/EBITDA ratio at the end of 2025 was 25.1×. 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 Fastenal'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	$46.1B	$1.84B	25.1×	+0.6×	Dec 31, 2025
2024	$41.2B	$1.69B	24.5×	+2.7×	Dec 31, 2024
2023	$37B	$1.71B	21.8×	+4.9×	Dec 31, 2023
2022	$27B	$1.63B	16.9×	-9.9×	Dec 31, 2022
2021	$36.9B	$1.39B	26.8×	+5.0×	Dec 31, 2021
2020	$28B	$1.3B	21.8×	+3.9×	Dec 31, 2020
2019	$21.2B	$1.21B	17.9×	+4.5×	Dec 31, 2019
2018	$15B	$1.14B	13.4×	-2.4×	Dec 31, 2018
2017	$15.7B	$1.01B	15.9×	+0.5×	Dec 31, 2017
2016	$13.6B	$900M	15.4×	+2.2×	Dec 31, 2016
2015	$11.8B	$914M	13.2×	-3.2×	Dec 31, 2015
2014	$14.1B	$859M	16.4×	-1.7×	Dec 31, 2014
2013	$14.1B	$777M	18.1×	-0.8×	Dec 31, 2013
2012	$13.8B	$728M	18.9×	-1.7×	Dec 31, 2012
2011	$12.9B	$620M	20.6×	+2.1×	Dec 31, 2011
2010	$8.83B	$470M	18.4×	+0.7×	Dec 31, 2010
2009	$6.16B	$336M	17.8×	+7.4×	Dec 31, 2009
2008	$5.18B	$490M	10.4×	-4.1×	Dec 31, 2008
2007	$6.06B	$414M	14.5×	-0.8×	Dec 31, 2007
2006	$5.42B	$353M	15.3×	-4.5×	Dec 31, 2006
2005	$5.91B	$297M	19.7×	-0.4×	Dec 31, 2005
2004	$4.67B	$231M	20.1×	-3.7×	Dec 31, 2004
2003	$3.78B	$156M	23.8×	+3.3×	Dec 31, 2003
2002	$2.84B	$136M	20.5×	—	Dec 31, 2002


Republic Services (RSG)	13.2×
Honeywell International (HON)	13.2×
Stanley Black & Decker (SWK)	13.2×
Copart (CPRT)	13.0×
Carlisle Companies (CSL)	12.8×
Equifax (EFX)	12.7×
Snap-on (SNA)	12.4×
Northrop Grumman (NOC)	12.2×
A. O. Smith (AOS)	12.1×
Brady (BRC)	12.1×
Canadian National Railway (CNI)	12.0×
Textron (TXT)	10.7×
Masco (MAS)	10.6×
Amentum Holdings (AMTM)	10.5×
FedEx (FDX)	10.5×
Andersons (ANDE)	10.2×
ABM Industries (ABM)	10.0×
McGrath RentCorp (MGRC)	9.3×
United Parcel Service (UPS)	9.1×
Delta Air Lines (DAL)	9.1×
Alamo Group (ALG)	8.4×
AGCO (AGCO)	7.7×
United Airlines Holdings (UAL)	7.3×
Matthews International (MATW)	7.0×
Upwork (UPWK)	6.9×

EV/EBITDA for Fastenal (FAST) 2002-2026

EV/EBITDA daily chart for Fastenal (FAST)

Historical EV/EBITDA for Fastenal (FAST) from 2002 to 2025

About EV/EBITDA at Fastenal (FAST)

Fastenal EV/EBITDA by Year

Fastenal EV/EBITDA 2025: 25.1×

Fastenal EV/EBITDA 2024: 24.5×

Fastenal EV/EBITDA 2023: 21.8×

Fastenal EV/EBITDA 2022: 16.9×

Fastenal EV/EBITDA 2021: 26.8×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Fastenal (FAST) Key Financials