HSBC EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
HSBC's ev/ebitda is higher than 65% of the last 10 years.
EV/EBITDA History
HSBC EV/EBITDA by year
Yearly range of HSBC’s ev/ebitda from 2016 to 2026. Over the full period it ranged from -22.4 to 34.2, averaging 2.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 4.8 | 8.9 | 15.1 | 6.9 |
| 2025 | 0.4 | 3.4 | 13.6 | 13.6 |
| 2024 | 4.1 | 11.3 | 12.9 | 4.1 |
| 2023 | -4.1 | -1.8 | 0.5 | -1.5 |
| 2022 | -19.4 | -10.4 | -4.0 | -7.9 |
| 2021 | -22.4 | -13.3 | 7.9 | -6.9 |
| 2020 | -16.7 | -1.0 | 14.9 | 4.4 |
| 2019 | 4.1 | 6.2 | 14.8 | 14.8 |
| 2018 | 3.9 | 6.2 | 11.3 | 10.6 |
| 2017 | 7.6 | 17.7 | 34.2 | 8.8 |
| 2016 | 7.8 | 10.9 | 13.2 | 12.0 |
Get notified when HSBC EV/EBITDA crosses a threshold
Free — one alert setup, notifications by push, Telegram, or Discord.
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 HSBC EV/EBITDA High or Low Right Now?
HSBC Holdings plc's EV/EBITDA is currently 6.9, which is above average relative to its 10-year historical range. The 10-year median EV/EBITDA for HSBC is approximately 4.6. See all HSBC valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.