In Western Europe, the median value of enterprise value to earnings before interest, tax, depreciation and amortization (EV/EBITDA) in the energy & environmental services sector as of 2025, was a multiple of approximately 9.4x. In 2025, the water utility companies saw the highest valuation multiples with an average of 18.1x, which was a decrease from the January 2024 multiple of approximately 18.6x.
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Average EV/EBITDA multiples in the energy and environmental services sector in Western Europe from 2019 to 2025, by industry
Western Europe. Values are as of January each year. A total of 214 companies were included in the calculation for 2025. Figures for years 2019 to 2024 were previously published by the source.
Enterprise value = Market value of equity + Market value of debt - Cash. EBITDA = Estimated by adding depreciation and amortization back to operating income (EBIT). Only positive EBITDA companies.
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Leonard N. Stern School of Business. (January 9, 2025). Average EV/EBITDA multiples in the energy and environmental services sector in Western Europe from 2019 to 2025, by industry [Graph]. In Statista. Retrieved June 24, 2025, from https://www.statista.com/statistics/1027992/enterprise-value-to-ebitda-in-the-energy-and-environmental-services-sector-in-europe/
Leonard N. Stern School of Business. "Average EV/EBITDA multiples in the energy and environmental services sector in Western Europe from 2019 to 2025, by industry." Chart. January 9, 2025. Statista. Accessed June 24, 2025. https://www.statista.com/statistics/1027992/enterprise-value-to-ebitda-in-the-energy-and-environmental-services-sector-in-europe/
Leonard N. Stern School of Business. (2025). Average EV/EBITDA multiples in the energy and environmental services sector in Western Europe from 2019 to 2025, by industry. Statista. Statista Inc.. Accessed: June 24, 2025. https://www.statista.com/statistics/1027992/enterprise-value-to-ebitda-in-the-energy-and-environmental-services-sector-in-europe/
Leonard N. Stern School of Business. "Average Ev/Ebitda Multiples in The Energy and Environmental Services Sector in Western Europe from 2019 to 2025, by Industry." Statista, Statista Inc., 9 Jan 2025, https://www.statista.com/statistics/1027992/enterprise-value-to-ebitda-in-the-energy-and-environmental-services-sector-in-europe/
Leonard N. Stern School of Business, Average EV/EBITDA multiples in the energy and environmental services sector in Western Europe from 2019 to 2025, by industry Statista, https://www.statista.com/statistics/1027992/enterprise-value-to-ebitda-in-the-energy-and-environmental-services-sector-in-europe/ (last visited June 24, 2025)
Average EV/EBITDA multiples in the energy and environmental services sector in Western Europe from 2019 to 2025, by industry [Graph], Leonard N. Stern School of Business, January 9, 2025. [Online]. Available: https://www.statista.com/statistics/1027992/enterprise-value-to-ebitda-in-the-energy-and-environmental-services-sector-in-europe/
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