HSY EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
HSY's ev/ebitda is lower than 83% of the last 10 years.
EV/EBITDA History
HSY EV/EBITDA by year
Yearly range of HSY’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 11.0 to 29.9, averaging 18.0.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 15.2 | 21.0 | 29.9 | 15.4 |
| 2025 | 11.0 | 16.1 | 23.6 | 23.6 |
| 2024 | 12.6 | 15.6 | 16.8 | 12.6 |
| 2023 | 15.0 | 20.1 | 24.3 | 15.5 |
| 2022 | 19.4 | 21.2 | 22.8 | 22.0 |
| 2021 | 17.2 | 18.5 | 20.3 | 20.2 |
| 2020 | 15.0 | 18.9 | 20.8 | 18.3 |
| 2019 | 14.0 | 17.2 | 20.0 | 19.1 |
| 2018 | 13.1 | 14.8 | 18.2 | 14.3 |
| 2017 | 16.6 | 18.7 | 20.7 | 19.4 |
| 2016 | 14.6 | 15.3 | 15.9 | 15.8 |
Get notified when HSY 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 HSY EV/EBITDA High or Low Right Now?
The Hershey Company's EV/EBITDA is currently 15.4, which is historically cheap relative to its 10-year historical range. The 10-year median EV/EBITDA for HSY is approximately 18.2. See all HSY valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.