Values are as of January each year. A total of 604 companies were included in the calculation for 2025, 710 for 2024, 1,013 for 2023, 1,106 for 2022, 787 for 2021, 611 for 2020 and 631 for 2019.Â
Enterprise value = Market value of equity + Market value of debt - Cash. EBITDA = Estimated by adding depreciation and amortization back to operating income (EBIT). Only positive EBITDA companies.
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EV/EBITDA in the finance, insurance and real estate sector in the U.S. 2019-2025
In the United States, the median value of enterprise value to earnings before interest, tax, depreciation and amortization (EV/EBITDA) in the finance, insurance and real estate sector as of 2025 was a multiple of approximately ****x. Companies operating in the investments and asset management industry saw the highest valuation multiple with EV/EBITDA valued at ****x in 2025, much higher than the ****x recorded for 2024.
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Leonard N. Stern School of Business. (January 5, 2025). Average EV/EBITDA multiples in the finance, insurance and real estate sector in the United States from 2019 to 2025, by industry [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 06, 2026, from /statistics/1030066/enterprise-value-to-ebitda-in-the-finance-insurance-and-real-estate-sector-in-united-states/
Leonard N. Stern School of Business. "Average EV/EBITDA multiples in the finance, insurance and real estate sector in the United States from 2019 to 2025, by industry." Chart. January 5, 2025. ÌÇÐÄÆƽâ°æ. Accessed August 06, 2026. /statistics/1030066/enterprise-value-to-ebitda-in-the-finance-insurance-and-real-estate-sector-in-united-states/
Leonard N. Stern School of Business. (2025). Average EV/EBITDA multiples in the finance, insurance and real estate sector in the United States from 2019 to 2025, by industry. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 06, 2026. /statistics/1030066/enterprise-value-to-ebitda-in-the-finance-insurance-and-real-estate-sector-in-united-states/
Leonard N. Stern School of Business. "Average Ev/Ebitda Multiples in The Finance, Insurance and Real Estate Sector in The United States from 2019 to 2025, by Industry." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 5 Jan 2025, /statistics/1030066/enterprise-value-to-ebitda-in-the-finance-insurance-and-real-estate-sector-in-united-states/
Leonard N. Stern School of Business, Average EV/EBITDA multiples in the finance, insurance and real estate sector in the United States from 2019 to 2025, by industry ÌÇÐÄÆƽâ°æ, /statistics/1030066/enterprise-value-to-ebitda-in-the-finance-insurance-and-real-estate-sector-in-united-states/ (last visited August 06, 2026)
Average EV/EBITDA multiples in the finance, insurance and real estate sector in the United States from 2019 to 2025, by industry [Graph], Leonard N. Stern School of Business, January 5, 2025. [Online]. Available: /statistics/1030066/enterprise-value-to-ebitda-in-the-finance-insurance-and-real-estate-sector-in-united-states/
