MO EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
MO's ev/ebitda is right around its 10-year median of 11.6.
EV/EBITDA History
MO EV/EBITDA by year
Yearly range of MO’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 5.6 to 62.8, averaging 15.4.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 10.6 | 11.8 | 12.9 | 11.7 |
| 2025 | 7.2 | 9.4 | 11.4 | 11.0 |
| 2024 | 6.8 | 7.6 | 8.3 | 7.3 |
| 2023 | 7.6 | 10.7 | 12.6 | 7.8 |
| 2022 | 11.6 | 19.2 | 23.6 | 12.7 |
| 2021 | 19.1 | 27.1 | 46.2 | 21.0 |
| 2020 | 19.2 | 45.3 | 62.8 | 19.2 |
| 2019 | 9.7 | 11.8 | 61.5 | 61.5 |
| 2018 | 9.4 | 11.7 | 13.8 | 11.4 |
| 2017 | 5.6 | 6.3 | 6.9 | 6.4 |
| 2016 | 13.6 | 14.3 | 15.0 | 14.9 |
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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 MO EV/EBITDA High or Low Right Now?
Altria Group, Inc.'s EV/EBITDA is currently 11.7, which is around average relative to its 10-year historical range. The 10-year median EV/EBITDA for MO is approximately 11.6. See all MO valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.