BMO EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
BMO's ev/ebitda is lower than 95% of the last 10 years.
EV/EBITDA History
BMO EV/EBITDA by year
Yearly range of BMO’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 9.9 to 45.8, averaging 27.4.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 15.1 | 19.0 | 35.2 | 15.3 |
| 2025 | 31.8 | 33.4 | 35.3 | 34.5 |
| 2024 | 34.0 | 37.3 | 45.8 | 34.9 |
| 2023 | 16.5 | 29.0 | 45.8 | 45.8 |
| 2022 | 16.3 | 21.3 | 26.3 | 16.4 |
| 2021 | 23.0 | 27.1 | 34.7 | 23.2 |
| 2020 | 31.3 | 34.0 | 35.5 | 34.4 |
| 2019 | 27.8 | 32.8 | 34.3 | 34.2 |
| 2018 | 15.5 | 19.7 | 33.7 | 27.8 |
| 2017 | 13.5 | 18.8 | 33.7 | 33.2 |
| 2016 | 9.9 | 22.3 | 33.3 | 33.0 |
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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 BMO EV/EBITDA High or Low Right Now?
Bank of Montreal's EV/EBITDA is currently 15.3, which is near historic low relative to its 10-year historical range. The 10-year median EV/EBITDA for BMO is approximately 30.3. See all BMO valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.