MTB EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
MTB's ev/ebitda is higher than 95% of the last 10 years.
EV/EBITDA History
MTB EV/EBITDA by year
Yearly range of MTB’s ev/ebitda from 2016 to 2026. Over the full period it ranged from -7.2 to 13.4, averaging 4.8.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 6.3 | 9.3 | 12.9 | 12.4 |
| 2025 | 3.9 | 6.0 | 7.2 | 6.5 |
| 2024 | 1.3 | 3.6 | 6.9 | 6.4 |
| 2023 | 0.0 | 1.9 | 3.5 | 1.1 |
| 2022 | -6.9 | -2.0 | 3.8 | 0.8 |
| 2021 | -7.2 | -4.0 | 0.0 | -7.2 |
| 2020 | -2.1 | 2.0 | 7.4 | -2.1 |
| 2019 | 6.3 | 8.4 | 10.3 | 7.3 |
| 2018 | 8.4 | 11.3 | 12.5 | 8.6 |
| 2017 | 10.0 | 11.4 | 13.4 | 11.2 |
| 2016 | 7.4 | 9.1 | 10.6 | 10.5 |
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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 MTB EV/EBITDA High or Low Right Now?
M&T Bank Corporation's EV/EBITDA is currently 12.4, which is near historic high relative to its 10-year historical range. The 10-year median EV/EBITDA for MTB is approximately 5.6. See all MTB valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.