Question 1

What is Johnson Controls's EV/EBITDA ratio?

Accepted Answer

Johnson Controls (JCI) EV/EBITDA ratio is 27.0× 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 Johnson Controls?

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

Question 5

Is Johnson Controls's EV/EBITDA ratio high or low?

Accepted Answer

Johnson Controls's EV/EBITDA ratio of 27.0× is above its own 5-year average of 19.1× and above the sector median of 15.9×. That places the current reading at the 91th 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 Johnson Controls's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Johnson Controls (JCI) EV/EBITDA ratio has ranged from a low of 4.9× in 2003 to a high of 30.2× in 2026. The 5-year average is 19.1× and the 5-year median is 18.5×.

Question 7

What was Johnson Controls's EV/EBITDA ratio in 2025?

Accepted Answer

Johnson Controls (JCI) EV/EBITDA ratio at the end of 2025 was 25.5×. 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 Johnson Controls'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	$69.4B	$3.09B	25.5×	+3.6×	Sep 30, 2025
2024	$51.6B	$2.76B	21.9×	+6.2×	Sep 30, 2024
2023	$36.1B	$2.8B	15.8×	+1.7×	Sep 30, 2023
2022	$33.4B	$2.88B	14.0×	+0.1×	Sep 30, 2022
2021	$46.2B	$3.79B	13.9×	-3.4×	Sep 30, 2021
2020	$30B	$2.08B	17.3×	-0.5×	Sep 30, 2020
2019	$34.4B	$2.19B	17.8×	+5.6×	Sep 30, 2019
2018	$23.9B	$2.85B	12.1×	+2.7×	Sep 30, 2018
2017	$27.4B	$4.28B	9.5×	-9.5×	Sep 30, 2017
2016	$28.3B	$2.33B	18.9×	+10.1×	Sep 30, 2016
2015	$21.3B	$3.1B	8.8×	-2.1×	Sep 30, 2015
2014	$28.4B	$3.18B	10.9×	+3.5×	Sep 30, 2014
2013	$22.3B	$3.61B	7.4×	-1.4×	Sep 30, 2013
2012	$18.1B	$2.72B	8.8×	+3.0×	Sep 30, 2012
2011	$12.7B	$3.02B	5.8×	+0.4×	Sep 30, 2011
2010	$11.5B	$2.62B	5.5×	-15.5×	Sep 30, 2010
2009	$10.8B	$666M	21.0×	+15.0×	Sep 30, 2009
2008	$10.9B	$2.43B	6.0×	-0.9×	Sep 30, 2008
2007	$14.1B	$2.62B	6.8×	-1.8×	Sep 30, 2007
2006	$13.6B	$2.1B	8.6×	-0.6×	Sep 30, 2006
2005	$13.6B	$1.71B	9.2×	+0.3×	Sep 30, 2005
2004	$15B	$1.98B	8.9×	+1.8×	Sep 30, 2004
2003	$9.96B	$1.73B	7.0×	+1.8×	Sep 30, 2003
2002	$6.88B	$1.65B	5.2×	—	Sep 30, 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 Johnson Controls (JCI) 2002-2026

EV/EBITDA daily chart for Johnson Controls (JCI)

Historical EV/EBITDA for Johnson Controls (JCI) from 2002 to 2025

About EV/EBITDA at Johnson Controls (JCI)

Johnson Controls EV/EBITDA by Year

Johnson Controls EV/EBITDA 2025: 25.5×

Johnson Controls EV/EBITDA 2024: 21.9×

Johnson Controls EV/EBITDA 2023: 15.8×

Johnson Controls EV/EBITDA 2022: 14.0×

Johnson Controls EV/EBITDA 2021: 13.9×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Johnson Controls (JCI) Key Financials