ZTS EV/EBITDA: current value, 10-year range and year-by-year history
Cash & Leverage
ZTS's ev/ebitda is lower than 95% of the last 10 years.
EV/EBITDA History
ZTS EV/EBITDA by year
Yearly range of ZTS’s ev/ebitda from 2016 to 2026. Over the full period it ranged from 9.5 to 39.3, averaging 23.7.
| Year | Low | Average | High | Year-end |
|---|---|---|---|---|
| 2026 | 9.5 | 12.5 | 15.8 | 10.2 |
| 2025 | 13.9 | 18.3 | 21.7 | 15.3 |
| 2024 | 19.2 | 23.4 | 26.3 | 20.2 |
| 2023 | 20.7 | 24.6 | 27.2 | 26.5 |
| 2022 | 20.2 | 26.3 | 36.1 | 22.4 |
| 2021 | 27.0 | 31.9 | 39.3 | 37.6 |
| 2020 | 20.0 | 28.4 | 32.4 | 30.8 |
| 2019 | 20.1 | 25.3 | 29.2 | 27.8 |
| 2018 | 19.8 | 22.0 | 23.7 | 20.9 |
| 2017 | 18.9 | 20.9 | 22.8 | 22.6 |
| 2016 | 20.0 | 21.4 | 22.4 | 22.3 |
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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 ZTS EV/EBITDA High or Low Right Now?
Zoetis Inc.'s EV/EBITDA is currently 10.2, which is near historic low relative to its 10-year historical range. The 10-year median EV/EBITDA for ZTS is approximately 23.4. See all ZTS valuation metrics →
Unlock 10y, 15y, 20y, and 30y history with peer comparison and CSV export.