Question 1

What is PACCAR's EV/EBITDA ratio?

Accepted Answer

PACCAR (PCAR) EV/EBITDA ratio is 19.7× 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 PACCAR?

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

Question 5

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

Accepted Answer

PACCAR's EV/EBITDA ratio of 19.7× is above its own 5-year average of 10.2× and above the sector median of 15.9×. That places the current reading at the 100th 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 PACCAR's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, PACCAR (PCAR) EV/EBITDA ratio has ranged from a low of 5.7× in 2008 to a high of 19.7× in 2026. The 5-year average is 10.2× and the 5-year median is 9.5×.

Question 7

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

Accepted Answer

PACCAR (PCAR) EV/EBITDA ratio at the end of 2025 was 11.5×. 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 PACCAR'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	$57.6B	$4.2B	11.5×	+2.1×	Dec 31, 2025
2024	$54.6B	$6.46B	9.4×	+1.0×	Dec 31, 2024
2023	$51.2B	$6.7B	8.4×	-0.1×	Dec 31, 2023
2022	$34.5B	$4.66B	8.6×	-2.5×	Dec 31, 2022
2021	$30.7B	$3.28B	11.1×	-2.8×	Dec 31, 2021
2020	$30B	$2.62B	13.9×	+5.5×	Dec 31, 2020
2019	$27.4B	$4.05B	8.4×	+1.3×	Dec 31, 2019
2018	$19.9B	$3.74B	7.0×	-2.8×	Dec 31, 2018
2017	$25B	$3.21B	9.8×	-0.0×	Dec 31, 2017
2016	$22.4B	$2.94B	9.8×	+2.8×	Dec 31, 2016
2015	$16.7B	$3.23B	7.1×	-3.3×	Dec 31, 2015
2014	$24.1B	$2.92B	10.4×	-0.7×	Dec 31, 2014
2013	$21B	$2.48B	11.1×	+0.7×	Dec 31, 2013
2012	$16B	$2.15B	10.4×	+3.1×	Dec 31, 2012
2011	$13.6B	$2.37B	7.3×	-8.4×	Dec 31, 2011
2010	$20.9B	$1.51B	15.7×	+0.8×	Dec 31, 2010
2009	$13.2B	$1.15B	14.9×	+9.2×	Dec 31, 2009
2008	$10.4B	$2.78B	5.7×	-3.4×	Dec 31, 2008
2007	$20.2B	$2.81B	9.1×	+0.8×	Dec 31, 2007
2006	$16.2B	$2.53B	8.2×	+1.7×	Dec 31, 2006
2005	$11.9B	$2.44B	6.5×	-2.0×	Dec 31, 2005
2004	$14.1B	$1.95B	8.5×	-1.4×	Dec 31, 2004
2003	$9.92B	$1.21B	9.9×	+0.3×	Dec 31, 2003
2002	$5.33B	$794M	9.6×	—	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 PACCAR (PCAR) 2002-2026

EV/EBITDA daily chart for PACCAR (PCAR)

Historical EV/EBITDA for PACCAR (PCAR) from 2002 to 2025

About EV/EBITDA at PACCAR (PCAR)

PACCAR EV/EBITDA by Year

PACCAR EV/EBITDA 2025: 11.5×

PACCAR EV/EBITDA 2024: 9.4×

PACCAR EV/EBITDA 2023: 8.4×

PACCAR EV/EBITDA 2022: 8.6×

PACCAR EV/EBITDA 2021: 11.1×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

PACCAR (PCAR) Key Financials