MKL EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
MKL's ev/ebitda is lower than 83% of the last 10 years.
EV/EBITDA History
MKL EV/EBITDA by year
Yearly range of MKL’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 3.9 to 132.0, averaging 20.2.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 6.4 | 7.7 | 8.7 | 6.4 |
| 2025 | 5.7 | 7.6 | 8.9 | 8.4 |
| 2024 | 4.6 | 5.9 | 6.9 | 5.9 |
| 2023 | 5.5 | 27.3 | 88.2 | 6.1 |
| 2022 | 4.9 | 19.3 | 38.6 | 37.8 |
| 2021 | 3.9 | 6.0 | 11.4 | 5.1 |
| 2020 | 4.1 | 37.7 | 132.0 | 10.2 |
| 2019 | 6.3 | 24.9 | 59.1 | 6.3 |
| 2018 | 10.3 | 41.8 | 62.8 | 57.4 |
| 2017 | 13.7 | 21.9 | 42.3 | 42.0 |
| 2016 | 10.1 | 11.8 | 15.0 | 11.4 |
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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 MKL EV/EBITDA High or Low Right Now?
Markel Corporation's EV/EBITDA is currently 6.4, which is historically cheap relative to its 10-year historical range. The 10-year median EV/EBITDA for MKL is approximately 10.5. See all MKL valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.