LNTNEUTRAL

LNT EV/EBITDA Analysis

16.6x

Higher than 100% of Utilities sector peers

Updated 393h ago·SEC filings & market data

Key Takeaway

EV/EBITDA compares a company's total value (including debt) to its cash earnings before interest, taxes, depreciation, and amortization — a higher number means investors pay more for each dollar of earnings.

Sector Performance

100th percentile

LNT

16.6x

Sector Median

13.4x

Sector Avg

13.8x

Prior Period

16.6x(Aug 2026)

→ Stable

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Deep Analysis

At 16.6x, Alliant Energy trades well above the sector median of 13.4x, placing it at the 100th percentile among utility peers, so it is the most expensive on this measure. The metric has been stable over the last eight quarters, with the most recent values at 16.6x, 16.6x, 16.8x, and 16.7x; quarter-over-quarter it rose only +0.2%, and year-over-year change is not available. This combination — a high but steady premium — suggests limited near-term risk from valuation compression, yet also leaves little room for multiple expansion as a driver. The stable trend tempers the high level, but the 100th percentile ranking still signals above-average valuation risk relative to the sector. This metric leans slightly against a fully positive view, but it is consistent with the overall NEUTRAL verdict because the stability offsets the premium.

Frequently Asked Questions

What does the EV/EBITDA tell investors about LNT?

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.

How does LNT's EV/EBITDA compare to its sector?

LNT's EV/EBITDA of 16.6x compares to a Utilities sector median of 13.4x, placing it in the 100th percentile.

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

The closest Utilities peers by EV/EBITDA include: PNW (13.3x), NEP (13.6x), PEG (13.7x), AES (13.1x), AEE (12.7x).

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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.