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Public Comps and Valuation Multiples
for Utilities

Benchmark revenue and EBITDA valuation multiples for public comps like American Electric Power, TAQA, PG&E, Enel and KEPCO.

Utilities

See analyst estimates and all valuation multiples for Utilities
Company EV EV/Revenue EV/EBITDA
$217B 8.4x 14.4x
$181B 5.9x 12.5x
$166B 6.2x 13.4x
$162B 3.3x 9.2x
$143B 1.6x 5.8x
$117B 4.4x 12.0x
$111B 7.3x 19.4x
$103B 5.1x 12.4x
$100.0B 1.5x 6.3x
$96.8B 3.9x 9.9x
$94.0B 4.0x 11.0x
$87.7B 5.9x 12.0x
$85.5B 1.1x 5.2x
$81.6B 5.9x 13.9x
$74.6B 7.0x 11.8x
$70.9B 29.2x 30.1x
$70.4B 5.0x 12.4x
$70.1B 3.0x 13.9x
$66.9B 4.3x 12.8x
$66.6B 3.1x 10.9x
$64.0B 5.2x 12.3x
$63.4B 6.1x 15.5x
$61.3B 3.4x 9.1x
$57.9B 3.2x 10.1x
$54.9B 2.2x 5.6x
$54.9B 6.3x 14.4x
$52.0B 1.5x 7.0x
$50.9B 4.0x 12.6x
$50.2B 4.1x 11.3x
$48.5B 4.1x 9.4x
$48.2B 3.5x 10.7x
$48.0B 5.8x 12.4x
$47.0B n/a n/a
$45.8B 8.6x 10.0x
$45.4B 5.8x 13.3x
$44.6B 5.0x 12.6x
$44.3B 4.8x 12.2x
$43.0B 9.0x 16.3x
$42.9B 5.1x 12.2x
$41.8B 4.9x 9.5x
$39.2B 0.4x 10.3x
$39.1B 1.9x 6.9x
$38.7B 1.6x 6.7x
$38.5B 5.0x 13.2x
$37.8B 2.2x 7.2x
$37.4B 0.8x n/a
$36.5B 2.7x 7.1x
$35.4B 8.9x 11.8x
$35.3B 2.4x 6.2x
$35.3B 0.4x 3.6x
$34.7B 2.8x 10.4x
$34.4B 2.8x 8.2x
$33.3B 8.4x 15.3x
$32.9B 7.3x 15.0x
$32.6B 1.1x 6.4x
$32.6B 2.5x 7.3x
$32.3B 5.6x 12.2x
$32.2B n/a n/a
$31.2B 1.2x 5.3x
$30.6B 1.1x 8.0x
$30.6B 1.8x 7.2x
$30.6B 4.1x 8.8x
$29.8B 5.1x 11.2x
$29.2B 7.3x 10.5x
$29.1B 1.1x 9.0x
$28.8B 2.5x 8.7x
$28.2B 4.3x 11.1x
$27.4B 5.1x 13.0x
$26.5B 3.1x 7.5x
$26.5B 2.5x 5.9x
$25.9B 6.4x 13.8x
$25.0B 1.1x 9.1x
$24.6B 5.2x 14.2x
$24.4B 1.6x 9.2x
$24.1B 3.4x 6.2x
$23.1B 3.2x 13.8x
$22.6B 1.5x 8.2x
$22.3B 4.3x 11.5x
$21.2B 7.6x 14.6x
$20.6B 6.6x 15.2x
$20.3B 2.6x 13.2x
$19.5B 1.1x 7.4x
$19.2B 1.9x 13.5x
$18.9B 8.7x 16.2x
$17.5B 1.0x 6.8x
$17.4B 6.7x 9.8x
$17.4B 26.3x 75.3x
$17.0B 9.7x 12.9x
$16.5B 4.1x 6.5x
$16.4B 6.4x 19.4x
$16.2B 2.7x n/a
$16.0B 1.0x 9.2x
$15.8B 5.8x 11.9x
$15.3B n/a n/a
$14.9B 1.9x 7.7x
$14.7B 3.0x 11.0x
$14.7B 7.4x 11.9x
$14.6B 4.8x 11.1x
$14.4B 1.1x 5.2x
$14.1B 1.9x 7.1x
$13.8B 2.3x 8.6x
$13.7B 1.0x 7.9x
$13.5B 10.6x 19.2x
$13.4B 107.5x 39.8x
$13.4B 6.6x 8.8x
$13.2B 58.2x 21.3x
$13.1B 8.8x 18.3x
$13.0B 1.5x 8.3x
$13.0B 1.3x 5.8x
$12.7B 0.9x 3.1x
$12.5B 8.0x 11.4x
$12.4B 1.8x 5.9x
$12.3B 1.6x 6.1x
$12.2B 1.6x 5.9x
$11.9B 5.5x 13.8x
$11.8B 3.3x 7.5x
$11.5B 0.8x 4.7x
$11.4B 1.1x 8.7x
$11.4B 2.6x 7.5x
$11.3B 1.4x 9.7x
$11.0B 1.1x 5.5x
$11.0B 0.1x 4.7x
$10.8B 7.7x 9.2x
$10.8B 5.3x 12.3x
$10.7B 4.6x 10.3x
$10.6B 5.5x 16.7x
$10.6B 2.0x 8.9x
$10.6B 5.6x 11.2x
$10.4B 0.7x 6.1x
$10.0B 2.0x 10.3x
$10.0B 2.9x 16.0x
$9.9B 0.7x 5.8x
$9.7B 3.7x 12.0x
$9.5B 2.7x 8.9x
$9.4B n/a n/a
$9.3B 2.2x 6.4x
$9.2B 1.4x 7.8x
$9.1B 4.9x 15.0x
$8.7B 4.0x 10.5x
$8.7B 2.4x 10.8x
$8.6B 4.4x 20.2x
$8.6B 4.3x 13.1x
$8.5B 6.3x 18.3x
$8.4B 0.6x 5.5x
$8.4B 0.4x 6.9x
$8.3B 1.6x 6.2x
$8.1B 4.9x 9.0x
$8.0B 2.4x 7.8x
$7.9B 3.6x 11.2x
$7.9B 3.2x 8.3x
$7.9B n/a n/a
$7.7B 2.0x 8.0x
$7.4B 5.0x 9.5x
$7.3B 4.4x 7.8x
$7.3B 1.1x 5.0x
$7.0B 1.6x 4.9x
$6.7B 4.3x 11.6x
$6.6B 1.2x 6.8x
$6.6B 2.8x 5.6x
$6.4B 3.4x n/a
$6.4B 3.5x 8.9x
$6.3B 0.7x 4.0x
$6.2B 5.5x 17.5x
$6.2B 1.1x 6.8x
$6.1B 3.2x 7.1x
$6.1B 0.2x 2.4x
$5.9B 4.6x 3.0x
$5.8B 6.0x 7.4x
$5.7B 2.2x 10.0x
$5.5B 3.6x 12.4x
$5.4B 2.8x 6.4x
$5.4B 6.5x 17.9x
$5.4B 5.9x 12.5x
$5.4B 0.6x 4.0x
$5.4B 1.6x 6.4x
$5.3B 1.8x 7.3x
$5.2B 2.1x 17.9x
$5.1B 0.2x 5.1x
$5.1B 2.6x 5.8x
$5.0B 0.3x 1.9x
$4.7B 0.7x 6.1x
$4.7B 4.2x 8.6x
$4.6B 5.6x 14.3x
$4.6B n/a n/a
$4.5B n/a n/a
$4.5B n/a n/a
$4.4B 1.3x -5.1x
$4.4B 0.7x 6.9x
$4.4B 4.3x 11.7x
$4.4B n/a n/a
$4.3B 8.2x 46.7x
$4.3B n/a n/a
$4.3B 2.5x 6.2x
$4.1B 5.9x 16.6x
$4.0B 3.0x 8.2x
$4.0B 6.6x 17.0x
$3.9B n/a n/a
$3.9B 3.6x 11.5x
$3.8B 3.1x 10.0x
$3.7B 2.3x 8.8x
$3.7B 4.9x 12.4x
$3.7B 3.1x 10.1x
$3.6B n/a n/a
$3.6B 0.5x 2.6x
$3.6B 1.3x 6.6x
$3.6B 5.7x 11.9x
$3.6B n/a n/a
$3.5B 8.2x 9.2x
$3.5B 0.8x 8.1x
$3.5B 4.8x 9.7x
$3.5B 0.7x 9.9x
$3.4B 1.8x 15.2x
$3.3B n/a n/a
$3.3B 1.3x 5.8x
$3.3B 1.7x 5.8x
$3.3B n/a n/a
$3.2B n/a n/a
$3.2B 4.8x 10.3x
$3.1B n/a n/a
$3.0B n/a n/a
$2.9B 0.5x 3.3x
$2.9B 1.2x 6.2x
$2.8B n/a n/a
$2.8B n/a -46.1x
$2.8B 2.0x 10.3x
$2.7B n/a n/a
$2.6B n/a n/a
$2.5B 0.7x 2.5x
$2.5B 0.9x 10.1x
$2.5B n/a n/a
$2.4B 1.4x 10.6x
$2.4B n/a n/a
$2.4B n/a n/a
$2.3B n/a n/a
$2.3B 1.7x 4.3x
$2.2B 1.0x 8.5x
$2.2B 1.5x 2.4x
$2.1B 1.1x 5.1x
$2.0B 1.5x 10.1x
$2.0B n/a n/a
$2.0B 0.8x 10.4x
$1.9B 0.8x 4.4x
$1.9B n/a n/a
$1.8B 0.2x 1.2x
$1.8B 1.6x 3.2x
$1.8B 1.6x 8.2x
$1.8B 2.2x 7.6x
$1.8B 2.4x 17.4x
$1.7B n/a n/a
$1.7B 3.3x n/a
$1.7B 7.8x 13.7x
$1.6B n/a n/a
$1.6B n/a n/a
$1.6B 2.1x 10.4x
$1.5B 7.7x n/a
$1.4B n/a n/a
$1.4B 1.3x 9.1x
$1.4B 1.5x 10.8x
$1.4B 4.1x 19.5x
$1.4B 1.0x 7.1x
$1.4B n/a n/a
$1.3B n/a n/a
$1.3B 2.8x 5.9x
$1.3B 1.6x 7.2x
$1.2B 0.1x 5.5x
$1.2B n/a n/a
$1.1B 0.6x 7.4x
$1.1B 0.6x 3.7x
$1.1B 7.0x 8.5x
$1.0B 0.4x 8.0x
$1.0B 1.0x 4.8x
$814M n/a n/a
$718M 9.4x n/a
$695M n/a n/a
$684M 2.8x 11.2x
$672M n/a n/a
$663M n/a n/a
$624M 4.8x 36.1x
$547M 3.7x -26.0x
$534M 4.9x n/a
$517M n/a n/a
$470M n/a n/a
$431M 4.6x 14.0x
$424M 1.5x 57.2x
$380M n/a n/a
$372M 4.3x n/a
$349M n/a n/a
$348M 5.2x 34.1x
$326M 1.0x 3.5x
$325M n/a n/a
$311M n/a n/a
$311M 1.8x 7.1x
$311M n/a n/a
$271M 7.3x 35.9x
$233M 6.4x 24.0x
$230M n/a n/a
$220M 0.6x 14.2x
$219M n/a n/a
$165M 2.5x 103.1x
$160M n/a n/a
$77.6M 2.3x n/a
$67.2M 1.7x 64.5x
$63.8M n/a n/a
$62.3M 5.1x 13.9x
$44.4M 1.3x 5.5x
$44.1M n/a n/a
$39.6M 1.2x n/a
$25.5M 0.4x 17.3x
$25.4M n/a n/a
$24.7M 1.5x 113.6x
$20.8M 3.1x n/a
$20.5M 48.9x -1.8x
$20.1M 13.6x -3.4x
$18.9M 1.5x -1.1x
$16.5M 2.4x -17.5x
$12.9M n/a n/a
$8.5M 2.9x -39.8x
$8.4M n/a n/a
$7.4M n/a n/a
$1.6M n/a n/a
$1.0M n/a n/a
-$6.2M n/a n/a

Valuation multiples as of last 12 months (LTM). Financial data powered by Morningstar, Inc.

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