DEO EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
DEO's ev/ebitda is lower than 83% of the last 10 years.
EV/EBITDA History
DEO EV/EBITDA by year
Yearly range of DEO’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 4.5 to 21.5, averaging 11.7.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 4.5 | 4.9 | 5.5 | 5.4 |
| 2025 | 4.7 | 5.2 | 6.0 | 4.9 |
| 2024 | 5.5 | 6.3 | 7.3 | 6.0 |
| 2023 | 7.1 | 8.6 | 9.7 | 7.4 |
| 2022 | 10.5 | 11.9 | 13.8 | 10.8 |
| 2021 | 10.2 | 12.1 | 14.3 | 13.7 |
| 2020 | 7.2 | 9.4 | 10.8 | 10.5 |
| 2019 | 9.7 | 19.4 | 21.5 | 9.7 |
| 2018 | 16.6 | 18.5 | 19.8 | 17.5 |
| 2017 | 15.7 | 18.1 | 20.7 | 20.7 |
| 2016 | 15.7 | 16.2 | 16.9 | 16.3 |
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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 DEO EV/EBITDA High or Low Right Now?
Diageo plc's EV/EBITDA is currently 5.4, which is historically cheap relative to its 10-year historical range. The 10-year median EV/EBITDA for DEO is approximately 10.6. See all DEO valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.