AJG EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
AJG's ev/ebitda is lower than 65% of the last 10 years.
EV/EBITDA History
AJG EV/EBITDA by year
Yearly range of AJG’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 12.6 to 29.4, averaging 19.5.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 12.8 | 16.9 | 22.3 | 17.3 |
| 2025 | 20.1 | 23.1 | 26.4 | 21.8 |
| 2024 | 20.7 | 27.0 | 29.4 | 20.7 |
| 2023 | 20.1 | 23.4 | 26.5 | 23.8 |
| 2022 | 19.6 | 21.7 | 24.4 | 21.5 |
| 2021 | 16.3 | 19.3 | 23.9 | 23.9 |
| 2020 | 13.6 | 16.8 | 19.7 | 17.6 |
| 2019 | 15.7 | 17.5 | 18.7 | 17.7 |
| 2018 | 14.3 | 15.7 | 17.1 | 16.2 |
| 2017 | 12.6 | 14.5 | 16.3 | 15.6 |
| 2016 | 13.7 | 14.4 | 14.8 | 14.8 |
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An acquisition-style valuation multiple: Enterprise Value (market cap + net debt) divided by operating earnings before accounting adjustments. Compares companies fairly regardless of their capital structure.
(Market Cap + Net Debt) / EBITDAUnlike P/E, this metric accounts for debt — two companies with identical operations but different leverage will show similar EV/EBITDA. Low vs history suggests the total business is modestly priced.
- EBITDA ignores capital expenditure. For asset-heavy businesses (airlines, mining, utilities), this understates the real cost — use EV/EBIT or EV/FCF instead.
- Large acquisitions temporarily spike net debt and can distort the ratio for 1–2 years during integration.
Is AJG EV/EBITDA High or Low Right Now?
Arthur J. Gallagher & Co.'s EV/EBITDA is currently 17.3, which is below average relative to its 10-year historical range. The 10-year median EV/EBITDA for AJG is approximately 18.8. See all AJG valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.