HSYNEUTRAL

HSY EV/EBITDA Analysis

15.1x

Updated 81h ago·SEC filings & market data

Key Takeaway

EV/EBITDA measures a company’s total value (including debt) relative to its cash operating earnings, so a 15.3x multiple means investors pay $15.30 for each dollar of EBITDA.

Sector Performance

57th percentile

HSY

15.1x

Sector Median

13.6x

Sector Avg

-30.9x

Prior Period

15.7x(Aug 2026)

↑ Improving

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Deep Analysis

EV/EBITDA measures a company’s total value (including debt) relative to its cash operating earnings, so a 15.3x multiple means investors pay $15.30 for each dollar of EBITDA.

This is above the sector median of 13.5x, placing HSY at the 58th percentile among peers, meaning it is priced moderately higher than most competitors. The multiple is decreasing: it fell 12.4% quarter-over-quarter, while year-over-year change is not available, and the last eight quarters show a downward trend from 18.5x to 15.3x. The level is still above the median, but the declining trend suggests the premium is narrowing, which could reduce valuation risk if EBITDA holds steady or grows. For an investor, this combination points to a valuation that is cooling from high levels but not yet cheap relative to the sector. This supports the overall NEUTRAL verdict: the metric shows neither a compelling entry point nor a red-flag overvaluation.

Frequently Asked Questions

What does the EV/EBITDA tell investors about HSY?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

Who are HSY's closest peers by EV/EBITDA?

The closest peers by EV/EBITDA include: SMTC (76.6x), SHOP (80.2x), OKTA (83.5x), TEAM (101.4x), STEM (102.7x).

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Learn More About EV/EBITDA

EV/EBITDA Explained: The Valuation Metric Pro Investors Actually Use

Learn what EV/EBITDA is, why it beats P/E for capital-heavy companies, typical sector ranges, and key limitations every serious investor should know.

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.