Question 1

What is Home Depot's EV/EBITDA ratio?

Accepted Answer

Home Depot (HD) EV/EBITDA ratio is 16.0× 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 Home Depot?

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 Home Depot specifically, the relevant sector benchmark is the current sector median of 13.4×.

Question 5

Is Home Depot's EV/EBITDA ratio high or low?

Accepted Answer

Home Depot's EV/EBITDA ratio of 16.0× is above its own 5-year average of 15.6× and above the sector median of 13.4×. That places the current reading at the 50th 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 Home Depot's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Home Depot (HD) EV/EBITDA ratio has ranged from a low of 6.6× in 2008 to a high of 19.6× in 2024. The 5-year average is 15.6× and the 5-year median is 15.9×.

Question 7

What was Home Depot's EV/EBITDA ratio in 2026?

Accepted Answer

Home Depot (HD) EV/EBITDA ratio at the end of 2026 was 18.1×. 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 Home Depot'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.


2026	$375B	$24.3B	18.1×	-0.2×	Feb 1, 2026
2025	$405B	$25.5B	18.3×	+2.4×	Feb 2, 2025
2024	$350B	$25.1B	15.9×	+1.9×	Jan 31, 2024
2023	$329B	$27.1B	13.9×	-2.5×	Jan 31, 2023
2022	$381B	$25.9B	16.4×	+0.8×	Jan 31, 2022
2021	$290B	$20.8B	15.6×	+0.1×	Jan 31, 2021
2020	$247B	$18.2B	15.5×	+2.4×	Jan 31, 2020
2019	$205B	$17.8B	13.1×	-2.2×	Jan 31, 2019
2018	$233B	$16.8B	15.3×	+3.1×	Jan 31, 2018
2017	$166B	$15.4B	12.1×	-0.9×	Jan 31, 2017
2016	$158B	$13.6B	13.0×	+0.6×	Jan 31, 2016
2015	$136B	$12.2B	12.4×	+1.5×	Jan 31, 2015
2014	$106B	$10.9B	10.9×	-0.4×	Jan 31, 2014
2013	$99B	$9.54B	11.2×	+2.1×	Jan 31, 2013
2012	$68B	$8.36B	9.2×	+0.0×	Jan 31, 2012
2011	$59.6B	$7.52B	9.1×	+0.4×	Jan 31, 2011
2010	$47.7B	$6.42B	8.7×	+1.0×	Jan 31, 2010
2009	$36.2B	$6.12B	7.7×	+0.7×	Jan 31, 2009
2008	$51B	$9.15B	7.0×	-1.4×	Jan 31, 2008
2007	$81.2B	$11B	8.4×	+0.3×	Jan 31, 2007
2006	$85.8B	$11B	8.1×	-1.7×	Jan 31, 2006
2005	$90.3B	$9.25B	9.8×	-0.2×	Jan 31, 2005
2004	$80.3B	$7.92B	10.0×	+2.9×	Jan 31, 2004
2003	$48.1B	$6.73B	7.0×	—	Jan 31, 2003


Amazon (AMZN)	12.2×
Packaging Corporation of America (PKG)	12.2×
Avery Dennison (AVY)	11.9×
Wynn Resorts (WYNN)	11.7×
Williams-Sonoma (WSM)	11.7×
Amcor (AMCR)	11.6×
Lennar (LEN)	11.2×
GameStop (GME)	11.0×
Ball (BALL)	10.7×
Hasbro (HAS)	10.7×
NVR (NVR)	10.6×
Norwegian Cruise Line (NCLH)	9.9×
LKQ (LKQ)	9.0×
Deckers Outdoor (DECK)	9.0×
Carnival Corporation (CCL)	8.7×
Toll Brothers (TOL)	8.6×
Smurfit Westrock (SW)	8.3×
Expedia Group (EXPE)	8.0×
Mohawk Industries (MHK)	6.4×
General Motors (GM)	6.3×
Best Buy Co. (BBY)	6.2×
Weyco Group (WEYS)	6.2×
Lululemon Athletica (LULU)	6.0×
Leggett & Platt (LEG)	5.4×
PDD Holdings (PDD)	3.6×

EV/EBITDA for Home Depot (HD) 2003-2026

EV/EBITDA daily chart for Home Depot (HD)

Historical EV/EBITDA for Home Depot (HD) from 2003 to 2026

About EV/EBITDA at Home Depot (HD)

Home Depot EV/EBITDA by Year

Home Depot EV/EBITDA 2026: 18.1×

Home Depot EV/EBITDA 2025: 18.3×

Home Depot EV/EBITDA 2024: 15.9×

Home Depot EV/EBITDA 2023: 13.9×

Home Depot EV/EBITDA 2022: 16.4×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Home Depot (HD) Key Financials