In the United States, the median value of enterprise value to earnings before interest, tax, depreciation and amortization (EV/EBITDA) in the construction sector as of 2025 was a multiple of approximately 15.5x. Companies operating in the engineering/construction industry saw the highest valuation multiple with EV/EBITDA valued at 19.5x.
Average EV/EBITDA multiples in the construction sector in the United States from 2019 to 2025, by industry
Values are as of January each year. A total of 124 companies were included in the calculation for 2025, 135 for 2024, 135 for 2023, 117 for 2022, 148 for 2021, 145 for 2020 and 125 for 2019.Â
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 5, 2025). Average EV/EBITDA multiples in the construction sector in the United States from 2019 to 2025, by industry [Graph]. In Statista. Retrieved May 02, 2025, from https://www.statista.com/statistics/1029982/enterprise-value-to-ebitda-in-the-construction-sector-in-united-states/
Leonard N. Stern School of Business. "Average EV/EBITDA multiples in the construction sector in the United States from 2019 to 2025, by industry." Chart. January 5, 2025. Statista. Accessed May 02, 2025. https://www.statista.com/statistics/1029982/enterprise-value-to-ebitda-in-the-construction-sector-in-united-states/
Leonard N. Stern School of Business. (2025). Average EV/EBITDA multiples in the construction sector in the United States from 2019 to 2025, by industry. Statista. Statista Inc.. Accessed: May 02, 2025. https://www.statista.com/statistics/1029982/enterprise-value-to-ebitda-in-the-construction-sector-in-united-states/
Leonard N. Stern School of Business. "Average Ev/Ebitda Multiples in The Construction Sector in The United States from 2019 to 2025, by Industry." Statista, Statista Inc., 5 Jan 2025, https://www.statista.com/statistics/1029982/enterprise-value-to-ebitda-in-the-construction-sector-in-united-states/
Leonard N. Stern School of Business, Average EV/EBITDA multiples in the construction sector in the United States from 2019 to 2025, by industry Statista, https://www.statista.com/statistics/1029982/enterprise-value-to-ebitda-in-the-construction-sector-in-united-states/ (last visited May 02, 2025)
Average EV/EBITDA multiples in the construction sector in the United States from 2019 to 2025, by industry [Graph], Leonard N. Stern School of Business, January 5, 2025. [Online]. Available: https://www.statista.com/statistics/1029982/enterprise-value-to-ebitda-in-the-construction-sector-in-united-states/
