RY EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
RY's ev/ebitda is lower than 95% of the last 10 years.
EV/EBITDA History
RY EV/EBITDA by year
Yearly range of RY’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 7.3 to 41.3, averaging 28.6.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 7.3 | 19.6 | 37.7 | 7.6 |
| 2025 | 34.3 | 36.0 | 39.9 | 37.5 |
| 2024 | 38.9 | 40.2 | 41.3 | 39.5 |
| 2023 | 30.6 | 34.2 | 39.1 | 39.1 |
| 2022 | 24.4 | 26.9 | 31.0 | 30.6 |
| 2021 | 23.8 | 26.5 | 31.6 | 24.3 |
| 2020 | 30.3 | 32.8 | 34.9 | 31.3 |
| 2019 | 30.2 | 32.2 | 33.1 | 32.6 |
| 2018 | 14.3 | 19.1 | 30.7 | 30.3 |
| 2017 | 13.2 | 17.5 | 28.7 | 28.7 |
| 2016 | 14.5 | 21.8 | 28.4 | 28.1 |
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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 RY EV/EBITDA High or Low Right Now?
Royal Bank of Canada's EV/EBITDA is currently 7.6, which is near historic low relative to its 10-year historical range. The 10-year median EV/EBITDA for RY is approximately 31.2. See all RY valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.