Cash & Leverage
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) / EBITDAEV/EBITDA History
Unlike 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 ENJ EV/EBITDA High or Low Right Now?
Entergy New Orleans, LLC First Mortgage Bonds, 5.0% Series due December 1, 2052's EV/EBITDA is currently 2.2, which is historically cheap relative to its 10-year historical range. The 10-year median EV/EBITDA for ENJ is approximately 32.1. See all ENJ valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.