🎉 M&A multiples are live!
Check it out!

Public Comps and Valuation Multiples
for Utilities

Benchmark revenue and EBITDA valuation multiples for public comps like Constellation Energy, National Grid, Engie, Southern Company and American Electric Power.

Utilities

See analyst estimates and all valuation multiples for Utilities
Company EV EV/LTM Revenue EV/LTM EBITDA
$239B 9.0x 15.5x
$182B 3.4x 9.3x
$179B 5.8x 12.2x
$169B 6.2x 13.6x
$165B 1.8x 6.1x
$125B 4.8x 12.0x
$118B 7.7x 21.3x
$106B 4.5x 21.4x
$102B 5.0x 12.1x
$96.9B 1.1x 5.5x
$93.5B 6.1x 12.6x
$90.8B 3.9x 10.5x
$89.2B 3.6x 8.9x
$86.5B 4.5x 14.9x
$85.5B 6.0x 14.6x
$80.9B 7.2x 12.0x
$70.3B 4.9x 12.1x
$70.1B 27.1x 28.9x
$65.8B 5.3x 12.2x
$64.7B 3.0x 10.3x
$63.4B 5.9x 14.7x
$61.9B 3.9x 11.6x
$59.5B 2.4x 5.9x
$59.4B 3.3x 8.2x
$53.7B 6.0x 13.8x
$53.2B 4.2x 11.4x
$53.1B 1.6x 6.8x
$51.3B n/a n/a
$50.7B 3.9x 12.3x
$49.7B 5.6x 12.0x
$49.0B 4.1x 9.6x
$47.8B 3.4x 10.6x
$45.7B 8.5x 10.0x
$45.4B 5.7x 13.1x
$45.1B 2.0x 7.2x
$44.4B 5.1x 10.1x
$43.8B 4.9x 12.0x
$42.9B 0.4x 3.9x
$42.9B 2.3x 7.4x
$42.3B 0.9x n/a
$42.0B 8.7x 15.6x
$41.9B 4.9x 11.6x
$41.3B 3.0x 9.2x
$41.3B 4.1x 11.1x
$40.8B 0.4x 8.9x
$40.3B 1.5x 10.4x
$39.9B 2.5x 6.3x
$39.8B 1.5x 6.2x
$39.3B 8.8x 11.7x
$38.2B 3.1x 14.0x
$37.6B 4.8x 12.6x
$36.6B 2.7x 7.0x
$35.8B n/a n/a
$35.5B 2.5x 7.4x
$35.3B 1.2x 5.7x
$34.6B 5.5x 14.9x
$34.2B 1.1x 6.2x
$33.1B 5.7x 12.1x
$33.1B 7.3x 10.6x
$32.3B 6.8x 14.2x
$32.0B 1.9x 7.3x
$31.6B 4.7x 12.3x
$31.5B 4.2x 9.1x
$30.2B 5.1x 11.2x
$29.7B 1.1x 8.7x
$29.4B 2.6x 6.3x
$29.2B 5.0x 12.5x
$28.9B 0.4x 1.6x
$28.8B 2.5x 9.0x
$28.0B 5.1x 13.9x
$26.7B 1.1x 9.6x
$26.5B 6.4x 13.9x
$25.1B 2.7x 6.8x
$25.0B 1.6x 8.5x
$24.6B 3.4x 6.2x
$23.7B 8.1x 11.6x
$22.9B 4.4x 11.5x
$22.8B 6.6x 14.9x
$22.7B 7.3x 13.6x
$22.6B 1.4x 7.7x
$22.3B 3.1x 13.8x
$22.2B 2.8x 13.6x
$20.2B 1.9x 12.0x
$20.2B 1.1x 6.1x
$19.1B 1.0x 6.8x
$18.2B 8.2x 15.2x
$18.0B 4.1x 6.8x
$17.9B 27.9x 90.3x
$17.7B 9.2x 12.2x
$17.0B 3.3x 11.7x
$16.9B n/a n/a
$16.8B 2.6x 9.7x
$16.6B 5.8x 11.5x
$16.6B 5.8x 17.0x
$16.3B 1.0x 9.4x
$16.1B 2.1x 7.7x
$16.1B 6.4x 8.5x
$15.9B 2.6x n/a
$15.7B 9.3x 19.2x
$15.5B 1.1x 7.7x
$15.5B 7.3x 12.0x
$15.2B 1.4x 6.7x
$15.1B 6.8x 16.0x
$14.8B 0.9x 5.5x
$14.8B 4.8x 11.0x
$14.7B 1.9x 6.6x
$14.4B 11.1x 20.4x
$14.2B 1.9x 7.8x
$14.2B 2.8x 9.7x
$14.0B 1.2x 5.9x
$13.9B 1.7x 6.4x
$13.8B 1.0x 3.4x
$13.6B 111.9x 32.0x
$13.4B 1.5x 7.9x
$13.1B 8.4x 11.8x
$13.1B 2.2x 10.1x
$13.0B 1.8x 5.8x
$13.0B 54.8x 15.9x
$12.9B 1.2x 5.7x
$12.4B 3.3x 7.3x
$12.2B 1.4x 9.8x
$11.9B 1.2x 9.7x
$11.7B 8.2x 9.8x
$11.7B 0.1x 5.4x
$11.6B 5.7x 13.9x
$11.3B 5.5x 12.2x
$11.1B 1.4x 8.6x
$10.9B 4.5x 10.3x
$10.8B n/a n/a
$10.8B 0.7x 6.3x
$10.2B 3.5x 25.7x
$10.2B 5.1x 13.1x
$10.1B 2.0x 10.1x
$10.1B 2.1x 9.5x
$9.5B 0.5x 7.4x
$9.5B 2.7x 8.5x
$9.5B 3.6x 8.9x
$9.4B 2.7x 9.3x
$9.4B 3.6x 11.4x
$9.3B 5.3x 9.8x
$9.2B 1.6x 6.4x
$9.2B 2.2x 6.3x
$9.2B 0.5x 2.8x
$9.2B 4.9x 14.9x
$9.0B 2.9x 11.7x
$8.8B 2.2x 8.6x
$8.8B 5.8x 16.2x
$8.8B 2.5x 13.7x
$8.6B 6.9x 21.7x
$8.6B n/a n/a
$8.4B 3.9x 10.1x
$8.3B 5.4x 10.1x
$8.2B 4.4x 8.2x
$8.2B 1.2x 5.4x
$8.0B 0.9x 4.3x
$7.9B 0.6x 5.4x
$7.9B 4.1x 11.5x
$7.7B n/a -123.2x
$7.6B 3.8x 17.6x
$7.6B 3.3x 10.4x
$7.4B 1.7x 5.3x
$7.1B 12.8x 67.3x
$7.1B 3.5x 8.0x
$7.0B 2.9x 5.9x
$6.6B 1.1x 6.8x
$6.6B 0.2x 2.7x
$6.4B 1.1x 6.5x
$6.4B 3.5x 8.9x
$6.3B 6.1x 7.5x
$6.3B 4.1x 10.6x
$6.1B 1.6x 6.8x
$6.1B 3.2x n/a
$6.0B 6.9x 19.2x
$6.0B n/a n/a
$5.9B 4.5x 3.0x
$5.8B 2.1x 9.8x
$5.7B 0.2x 5.4x
$5.7B 6.1x 13.1x
$5.6B 2.1x 17.9x
$5.6B 3.6x 12.3x
$5.4B 0.6x 4.0x
$5.4B 2.7x 6.1x
$5.3B 0.7x 6.2x
$5.1B 4.2x 8.5x
$5.1B n/a n/a
$4.9B n/a n/a
$4.7B n/a n/a
$4.7B n/a n/a
$4.7B 2.6x 5.7x
$4.6B n/a n/a
$4.5B 0.3x 2.4x
$4.5B 1.6x 8.4x
$4.4B 1.3x -10.6x
$4.4B 0.7x 6.8x
$4.4B n/a n/a
$4.4B 5.2x 13.2x
$4.4B n/a n/a
$4.3B 2.6x 6.2x
$4.2B 4.1x 11.5x
$4.1B 3.1x 8.5x
$4.1B 0.6x 2.6x
$4.1B 3.2x 11.7x
$4.0B n/a n/a
$4.0B 5.7x 12.6x
$4.0B 5.7x 15.6x
$4.0B 3.2x 10.4x
$3.9B 0.7x 9.4x
$3.9B 6.3x 16.3x
$3.9B n/a n/a
$3.8B 2.2x 8.8x
$3.8B 3.0x 10.9x
$3.7B 1.8x 16.2x
$3.7B 0.4x 2.2x
$3.6B n/a n/a
$3.6B 1.3x 5.8x
$3.6B n/a n/a
$3.6B n/a n/a
$3.4B 5.1x 10.2x
$3.4B 1.8x 6.0x
$3.4B 0.8x 7.2x
$3.4B 4.6x 9.2x
$3.2B 1.8x 13.3x
$3.2B 1.2x 6.4x
$3.1B 4.7x 78.1x
$3.1B n/a n/a
$3.1B n/a n/a
$3.0B n/a n/a
$2.9B n/a n/a
$2.9B n/a n/a
$2.9B 1.1x 11.6x
$2.9B 2.0x 5.1x
$2.9B n/a n/a
$2.8B n/a n/a
$2.8B 0.5x 3.5x
$2.7B 2.4x 11.0x
$2.6B 1.8x 9.5x
$2.5B n/a n/a
$2.4B 0.9x 8.3x
$2.4B 0.9x 11.5x
$2.3B 1.1x 5.3x
$2.2B 1.5x 2.5x
$2.2B 0.9x 4.5x
$2.2B 1.6x 10.5x
$2.2B n/a n/a
$2.1B 3.8x 9.8x
$2.1B 1.7x 3.3x
$2.1B 0.5x 2.2x
$2.0B n/a n/a
$1.9B 2.7x 5.2x
$1.9B 8.6x 14.2x
$1.9B n/a n/a
$1.8B n/a n/a
$1.7B 1.5x 10.2x
$1.7B 3.2x n/a
$1.6B 2.5x 8.2x
$1.6B 1.9x 8.8x
$1.6B 1.2x 8.0x
$1.5B n/a n/a
$1.5B 4.3x 20.8x
$1.5B n/a n/a
$1.5B 1.5x 9.7x
$1.5B 2.3x 12.8x
$1.4B n/a n/a
$1.4B 0.1x 7.0x
$1.4B 7.1x n/a
$1.3B 0.6x 4.8x
$1.3B n/a n/a
$1.3B 2.7x 5.7x
$1.3B 0.7x 8.1x
$1.2B 1.0x 4.9x
$1.2B 4.6x 8.3x
$1.2B 0.4x 8.2x
$1.1B 0.5x 3.2x
$1.1B 6.8x 9.6x
$1.1B 0.7x 4.2x
$935M n/a n/a
$804M 6.0x 46.6x
$788M 0.5x 4.9x
$716M n/a n/a
$689M 2.6x 10.4x
$686M n/a n/a
$682M n/a n/a
$680M n/a n/a
$678M 8.9x n/a
$625M n/a n/a
$562M 1.7x 37.0x
$553M 3.8x -36.3x
$546M 9.5x 19.5x
$524M 1.2x 34.6x
$522M n/a n/a
$522M 4.7x n/a
$471M 2.7x 5.9x
$462M 7.0x 50.0x
$447M 4.7x 13.9x
$389M n/a n/a
$377M 9.1x 43.3x
$376M 4.2x n/a
$374M n/a n/a
$366M n/a n/a
$363M n/a n/a
$356M n/a n/a
$346M n/a n/a
$343M 1.0x 3.6x
$340M 1.9x 7.8x
$305M 5.5x n/a
$291M n/a n/a
$282M n/a n/a
$263M 0.6x 14.8x
$251M n/a n/a
$250M 0.7x 14.7x
$246M n/a n/a
$242M n/a n/a
$234M 3.1x 49.9x
$202M 3.7x 7.6x
$198M 5.8x 8.1x
$150M n/a n/a
$134M n/a n/a
$128M 3.8x 5.2x
$121M 5.5x 0.9x
$103M n/a n/a
$85.8M 6.3x 15.1x
$85.1M n/a n/a
$84.3M n/a n/a
$80.3M n/a n/a
$74.6M n/a n/a
$71.0M 1.7x 4.2x
$69.7M 1.9x n/a
$69.0M n/a n/a
$66.1M n/a n/a
$59.8M n/a n/a
$57.5M n/a n/a
$55.8M 0.1x 2.4x
$51.8M 1.4x 5.7x
$43.2M n/a n/a
$43.2M n/a n/a
$42.6M n/a n/a
$38.7M 3.0x -2.1x
$33.2M 4.8x n/a
$31.3M 1.8x -40.4x
$28.4M 0.5x 53.9x
$22.9M 4.3x -2.7x
$19.7M 2.2x -13.0x
$14.1M n/a n/a
$13.9M n/a n/a
$13.9M n/a n/a
$12.9M n/a n/a
$11.6M n/a n/a
$11.6M n/a n/a
$10.3M n/a n/a
$8.1M n/a n/a
$7.7M 2.4x -32.9x
$6.8M n/a n/a
$6.8M n/a n/a
$6.3M n/a n/a
$5.9M n/a n/a
$5.2M n/a n/a
$4.6M n/a n/a
$3.7M n/a n/a
$3.7M n/a n/a
$3.6M n/a n/a
$3.5M n/a n/a
$3.1M n/a n/a
$2.9M 8.1x -0.2x
$2.8M n/a n/a
$2.4M n/a n/a
$2.0M n/a n/a
-$0.5M n/a n/a
-$5.3M -0.1x 0.2x
-$6.1M n/a n/a

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

See analyst estimates and M&A multiples for Utilities

Join Now Or Talk To Us

Get access to always up-to-date, precisely categorized 70K+ public and private valuation multiples, across tech and beyond.