Question 1

What is Ferrovial's EV/EBITDA ratio?

Accepted Answer

Ferrovial (FER) EV/EBITDA ratio is 40.2× 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 Ferrovial?

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 Ferrovial specifically, the relevant sector benchmark is the current sector median of 16.2×.

Question 5

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

Accepted Answer

Ferrovial's EV/EBITDA ratio of 40.2× is below its own 5-year average of 41.2× and above the sector median of 16.2×. That places the current reading at the 82th 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 Ferrovial's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Ferrovial (FER) EV/EBITDA ratio has ranged from a low of 4.3× in 2023 to a high of 358.0× in 2021. The 5-year average is 41.2× and the 5-year median is 27.2×.

Question 7

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

Accepted Answer

Ferrovial (FER) EV/EBITDA ratio at the end of 2025 was 40.7×. 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 Ferrovial'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	$47.65B	$1.36B	40.7×	+12.7×	Dec 31, 2025
2024	$30.43B	$1.34B	28.0×	—	Dec 31, 2024
2023	$25.75B	−$314.16M	—	—	Dec 31, 2023
2022	$18.18B	$5.93B	4.3×	-10.8×	Dec 31, 2022
2021	$20.06B	$1.72B	15.1×	—	Dec 31, 2021
2020	$20.55B	−$79.28M	—	—	Dec 31, 2020
2019	$21.76B	$1.24B	21.2×	+4.4×	Dec 31, 2019
2018	$14.35B	$1.15B	16.8×	+2.4×	Dec 31, 2018
2017	$16.40B	$1.47B	14.4×	+2.3×	Dec 31, 2017
2016	$13.01B	$1.50B	12.1×	-3.3×	Dec 31, 2016
2015	$17.18B	$1.47B	15.4×	+0.7×	Dec 31, 2015
2014	$14.42B	$1.56B	14.6×	+2.5×	Dec 31, 2014
2013	$13.09B	$1.75B	12.1×	+2.1×	Dec 31, 2013
2012	$9.73B	$1.69B	10.1×	+1.7×	Dec 31, 2012
2011	$9.95B	$2.05B	8.4×	+2.0×	Dec 31, 2011
2010	$9.95B	$5.86B	6.3×	—	Dec 31, 2010


MDU Resources Group (MDU)	12.9×
Automatic Data Processing (ADP)	12.6×
Canadian National Railway (CNI)	12.6×
Brady (BRC)	12.6×
Snap-on (SNA)	12.5×
Stanley Black & Decker (SWK)	12.5×
A. O. Smith (AOS)	12.1×
Franklin Electric Co. (FELE)	12.0×
Builders FirstSource (BLDR)	11.7×
Textron (TXT)	11.1×
ABM Industries (ABM)	10.7×
FedEx (FDX)	10.4×
Amentum Holdings (AMTM)	10.2×
Gartner (IT)	10.0×
United Rentals (URI)	9.4×
McGrath RentCorp (MGRC)	9.3×
United Parcel Service (UPS)	8.8×
Alamo Group (ALG)	8.4×
Alaska Air Group (ALK)	8.2×
Southwest Airlines (LUV)	8.0×
AGCO (AGCO)	7.4×
Matthews International (MATW)	7.0×
United Airlines Holdings (UAL)	5.6×
Delta Air Lines (DAL)	5.4×
Versant Media Group, Inc. Class A (VSNT)	3.0×

EV/EBITDA for Ferrovial (FER)

EV/EBITDA daily chart for Ferrovial (FER)

Historical EV/EBITDA for Ferrovial (FER) from 2010 to 2025

About EV/EBITDA at Ferrovial (FER)

Ferrovial EV/EBITDA by Year

Ferrovial EV/EBITDA 2025: 40.7×

Ferrovial EV/EBITDA 2024: 28.0×

Ferrovial EV/EBITDA 2022: 4.3×

Ferrovial EV/EBITDA 2021: 15.1×

Ferrovial EV/EBITDA 2019: 21.2×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Ferrovial (FER) Key Financials

EV/EBITDA daily chart for Ferrovial (FER)

Historical EV/EBITDA for Ferrovial (FER) from 2010 to 2025

About EV/EBITDA at Ferrovial (FER)

Ferrovial EV/EBITDA by Year

Ferrovial EV/EBITDA 2025: 40.7×

Ferrovial EV/EBITDA 2024: 28.0×

Ferrovial EV/EBITDA 2022: 4.3×

Ferrovial EV/EBITDA 2021: 15.1×

Ferrovial EV/EBITDA 2019: 21.2×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Ferrovial'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 Ferrovial?

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

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

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

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

Ferrovial (FER) Key Financials