Question 1

What is Essential Utilities's EV/EBITDA ratio?

Accepted Answer

Essential Utilities (WTRG) EV/EBITDA ratio is 14.1× 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 Essential Utilities?

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 Essential Utilities specifically, the relevant sector benchmark is the current sector median of 12.7×.

Question 5

Is Essential Utilities's EV/EBITDA ratio high or low?

Accepted Answer

Essential Utilities's EV/EBITDA ratio of 14.1× is below its own 5-year average of 16.7× and above the sector median of 12.7×. That places the current reading at the 11th 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 Essential Utilities's historical EV/EBITDA ratio range?

Accepted Answer

In the available daily series, Essential Utilities (WTRG) EV/EBITDA ratio has ranged from a low of 9.6× in 2003 to a high of 28.7× in 2019. The 5-year average is 16.7× and the 5-year median is 15.8×.

Question 7

What was Essential Utilities's EV/EBITDA ratio in 2025?

Accepted Answer

Essential Utilities (WTRG) EV/EBITDA ratio at the end of 2025 was 14.0×. 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 Essential Utilities'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	$10.86B	$1.37B	14.0×	-0.2×	Dec 31, 2025
2024	$9.98B	$1.25B	14.2×	-2.1×	Dec 31, 2024
2023	$10.20B	$1.06B	16.3×	-2.8×	Dec 31, 2023
2022	$12.54B	$1.01B	19.2×	-2.5×	Dec 31, 2022
2021	$14.05B	$927.66M	21.6×	-3.4×	Dec 31, 2021
2020	$12.03B	$710.46M	25.0×	+0.4×	Dec 31, 2020
2019	$10.90B	$493.38M	24.5×	+4.2×	Dec 31, 2019
2018	$6.09B	$423.94M	20.4×	+1.5×	Dec 31, 2018
2017	$6.97B	$481.72M	18.9×	+3.5×	Dec 31, 2017
2016	$5.33B	$468.76M	15.4×	-1.3×	Dec 31, 2016
2015	$5.26B	$422.02M	16.7×	+2.3×	Dec 31, 2015
2014	$4.72B	$442.04M	14.4×	+0.9×	Dec 31, 2014
2013	$4.17B	$426.41M	13.5×	+1.8×	Dec 31, 2013
2012	$3.56B	$445.72M	11.7×	+0.1×	Dec 31, 2012
2011	$3.06B	$399.27M	11.6×	-0.4×	Dec 31, 2011
2010	$3.10B	$393.21M	12.1×	+1.3×	Dec 31, 2010
2009	$2.39B	$355.74M	10.8×	-1.7×	Dec 31, 2009
2008	$2.79B	$322.71M	12.5×	-0.8×	Dec 31, 2008
2007	$2.83B	$304.03M	13.3×	-0.8×	Dec 31, 2007
2006	$3.01B	$280.59M	14.1×	-3.3×	Dec 31, 2006
2005	$3.53B	$262.00M	17.4×	+3.6×	Dec 31, 2005
2004	$2.35B	$236.10M	13.8×	+2.4×	Dec 31, 2004
2003	$2.05B	$253.11M	11.3×	+0.2×	Dec 31, 2003
2002	$1.40B	$190.50M	11.2×	-1.3×	Dec 31, 2002
2001	$1.54B	$174.51M	12.5×	—	Dec 31, 2001


FirstEnergy (FE)	12.9×
H2O America (HTO)	12.8×
Southern Company (SO)	12.7×
Vistra (VST)	12.7×
PPL (PPL)	12.7×
Evergy (EVRG)	12.7×
NiSource (NI)	12.6×
Pinnacle West Capital (PNW)	12.5×
New Jersey Resources (NJR)	12.3×
MGE Energy (MGEE)	12.0×
Duke Energy (DUK)	11.9×
Black Hills (BKH)	11.9×
Algonquin Power & Utilities (AQN)	11.8×
Public Service Enterprise Group (PEG)	11.7×
Exelon (EXC)	11.3×
AES (AES)	10.5×
Eversource Energy (ES)	10.3×
Artesian Resources (ARTNA)	9.9×
Avista (AVA)	9.9×
Consolidated Edison (ED)	9.8×
Edison International (EIX)	9.6×
PG&E (PCG)	9.5×
UGI (UGI)	9.3×
Northwest Natural Holding (NWN)	8.9×
Ameren (AEE)	8.1×

EV/EBITDA for Essential Utilities (WTRG)

EV/EBITDA daily chart for Essential Utilities (WTRG)

Historical EV/EBITDA for Essential Utilities (WTRG) from 2001 to 2025

About EV/EBITDA at Essential Utilities (WTRG)

Essential Utilities EV/EBITDA by Year

Essential Utilities EV/EBITDA 2025: 14.0×

Essential Utilities EV/EBITDA 2024: 14.2×

Essential Utilities EV/EBITDA 2023: 16.3×

Essential Utilities EV/EBITDA 2022: 19.2×

Essential Utilities EV/EBITDA 2021: 21.6×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

Essential Utilities (WTRG) Key Financials

EV/EBITDA daily chart for Essential Utilities (WTRG)

Historical EV/EBITDA for Essential Utilities (WTRG) from 2001 to 2025

About EV/EBITDA at Essential Utilities (WTRG)

Essential Utilities EV/EBITDA by Year

Essential Utilities EV/EBITDA 2025: 14.0×

Essential Utilities EV/EBITDA 2024: 14.2×

Essential Utilities EV/EBITDA 2023: 16.3×

Essential Utilities EV/EBITDA 2022: 19.2×

Essential Utilities EV/EBITDA 2021: 21.6×

Sector peers by EV/EBITDA — chart

Sector peers by EV/EBITDA — table

Frequently asked questions

+What is Essential Utilities'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 Essential Utilities?

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

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

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

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

Essential Utilities (WTRG) Key Financials