O EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
O's ev/ebitda is lower than 95% of the last 10 years.
EV/EBITDA History
O EV/EBITDA by year
Yearly range of O’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 13.5 to 36.3, averaging 20.9.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 13.5 | 19.1 | 22.9 | 13.5 |
| 2025 | 16.4 | 17.8 | 20.4 | 20.4 |
| 2024 | 16.5 | 18.5 | 20.3 | 16.9 |
| 2023 | 15.7 | 18.5 | 20.5 | 18.0 |
| 2022 | 18.7 | 26.9 | 36.3 | 20.5 |
| 2021 | 20.4 | 23.6 | 36.1 | 36.1 |
| 2020 | 15.8 | 20.4 | 26.1 | 21.5 |
| 2019 | 20.7 | 23.4 | 26.0 | 24.0 |
| 2018 | 17.8 | 20.0 | 22.6 | 20.9 |
| 2017 | 18.7 | 20.2 | 22.2 | 19.6 |
| 2016 | 19.4 | 21.0 | 23.2 | 20.5 |
Get notified when O 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 O EV/EBITDA High or Low Right Now?
Realty Income Corporation's EV/EBITDA is currently 13.5, which is near historic low relative to its 10-year historical range. The 10-year median EV/EBITDA for O is approximately 20.1. See all O valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.