AOS EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
AOS's ev/ebitda is lower than 95% of the last 10 years.
EV/EBITDA History
AOS EV/EBITDA by year
Yearly range of AOS’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 10.1 to 34.7, averaging 16.3.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 10.4 | 11.9 | 13.9 | 11.8 |
| 2025 | 11.4 | 12.7 | 14.1 | 11.5 |
| 2024 | 12.1 | 14.4 | 16.1 | 12.8 |
| 2023 | 24.0 | 29.8 | 34.7 | 30.4 |
| 2022 | 10.2 | 13.2 | 18.9 | 12.3 |
| 2021 | 14.0 | 17.6 | 20.5 | 19.1 |
| 2020 | 10.1 | 15.1 | 18.5 | 16.0 |
| 2019 | 10.9 | 13.3 | 15.3 | 13.8 |
| 2018 | 11.3 | 16.4 | 19.7 | 11.4 |
| 2017 | 15.5 | 17.5 | 19.5 | 18.9 |
| 2016 | 14.8 | 16.3 | 17.4 | 16.0 |
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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 AOS EV/EBITDA High or Low Right Now?
A. O. Smith Corporation's EV/EBITDA is currently 11.8, which is near historic low relative to its 10-year historical range. The 10-year median EV/EBITDA for AOS is approximately 15.1. See all AOS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.