SHG EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
SHG's ev/ebitda is lower than 83% of the last 10 years.
EV/EBITDA History
SHG EV/EBITDA by year
Yearly range of SHG’s ev/ebitda from 2019 to 2026. Over the full period it ranged from 14.2 to 113.1, averaging 21.9.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 15.9 | 18.0 | 20.1 | 16.6 |
| 2025 | 15.8 | 17.3 | 18.5 | 18.5 |
| 2024 | 16.8 | 18.1 | 19.4 | 18.2 |
| 2023 | 14.2 | 15.7 | 17.5 | 17.4 |
| 2022 | 15.6 | 17.6 | 19.7 | 15.7 |
| 2021 | 16.6 | 17.7 | 19.3 | 19.3 |
| 2020 | 17.8 | 47.4 | 112.8 | 17.8 |
| 2019 | 113.1 | 113.1 | 113.1 | 113.1 |
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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 SHG EV/EBITDA High or Low Right Now?
Shinhan Financial Group Co., Ltd.'s EV/EBITDA is currently 16.6, which is historically cheap relative to its 10-year historical range. The 10-year median EV/EBITDA for SHG is approximately 17.7. See all SHG valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.