APA EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
APA's ev/ebitda is lower than 65% of the last 10 years.
EV/EBITDA History
APA EV/EBITDA by year
Yearly range of APA’s ev/ebitda from 2017 to 2026. Over the full period it ranged from 2.1 to 325.4, averaging 13.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 2.3 | 3.0 | 3.7 | 3.6 |
| 2025 | 2.1 | 2.6 | 3.5 | 2.4 |
| 2024 | 3.0 | 3.4 | 4.1 | 3.3 |
| 2023 | 2.1 | 3.1 | 3.8 | 3.4 |
| 2022 | 2.3 | 3.7 | 6.1 | 2.9 |
| 2021 | 4.3 | 5.6 | 7.4 | 4.7 |
| 2020 | 154.4 | 261.6 | 325.4 | 154.4 |
| 2019 | 4.4 | 6.4 | 279.0 | 279.0 |
| 2018 | 4.0 | 6.6 | 9.4 | 4.4 |
| 2017 | 9.3 | 17.0 | 23.2 | 9.7 |
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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 APA EV/EBITDA High or Low Right Now?
APA Corporation's EV/EBITDA is currently 3.6, which is below average relative to its 10-year historical range. The 10-year median EV/EBITDA for APA is approximately 4.2. See all APA valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.