MSCI EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
MSCI's ev/ebitda is lower than 83% of the last 10 years.
EV/EBITDA History
MSCI EV/EBITDA by year
Yearly range of MSCI’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 15.2 to 54.5, averaging 28.7.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 22.7 | 24.7 | 28.2 | 22.7 |
| 2025 | 24.5 | 26.8 | 30.6 | 26.2 |
| 2024 | 22.7 | 26.9 | 30.4 | 29.4 |
| 2023 | 27.5 | 31.6 | 36.4 | 32.5 |
| 2022 | 26.4 | 34.2 | 45.7 | 31.1 |
| 2021 | 36.9 | 45.4 | 54.5 | 47.0 |
| 2020 | 24.7 | 35.3 | 44.0 | 41.5 |
| 2019 | 16.9 | 24.1 | 28.1 | 28.1 |
| 2018 | 17.3 | 21.6 | 24.6 | 17.5 |
| 2017 | 15.2 | 18.5 | 20.7 | 20.3 |
| 2016 | 15.4 | 16.3 | 18.1 | 15.7 |
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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 MSCI EV/EBITDA High or Low Right Now?
MSCI Inc.'s EV/EBITDA is currently 22.7, which is historically cheap relative to its 10-year historical range. The 10-year median EV/EBITDA for MSCI is approximately 27.1. See all MSCI valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.