CNX EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
CNX's ev/ebitda is lower than 65% of the last 10 years.
EV/EBITDA History
CNX EV/EBITDA by year
Yearly range of CNX’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 1.8 to 234.3, averaging 19.6.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 3.3 | 4.3 | 5.8 | 4.3 |
| 2025 | 5.3 | 14.9 | 31.8 | 5.3 |
| 2024 | 2.1 | 4.4 | 15.2 | 15.2 |
| 2023 | 1.8 | 5.2 | 15.5 | 1.8 |
| 2022 | 105.9 | 153.7 | 234.3 | 110.8 |
| 2021 | 8.3 | 33.8 | 176.6 | 176.6 |
| 2020 | 5.4 | 10.0 | 71.0 | 71.0 |
| 2019 | 2.5 | 3.8 | 6.4 | 6.4 |
| 2018 | 2.7 | 6.0 | 13.3 | 2.7 |
| 2017 | 9.5 | 24.6 | 52.6 | 13.9 |
| 2016 | 9.8 | 10.7 | 11.6 | 10.4 |
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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 CNX EV/EBITDA High or Low Right Now?
CNX Resources Corporation's EV/EBITDA is currently 4.3, which is below average relative to its 10-year historical range. The 10-year median EV/EBITDA for CNX is approximately 6.9. See all CNX valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.