Stock Analysis on Net

Procter & Gamble Co. (NYSE:PG)

Enterprise Value to EBITDA (EV/EBITDA)

Microsoft Excel

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Procter & Gamble Co., EBITDA calculation

US$ in millions

Microsoft Excel
12 months ended: Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Net earnings attributable to Procter & Gamble (P&G) 14,653 14,742 14,306 13,027 3,897 9,750
Add: Net income attributable to noncontrolling interest 85 51 46 76 69 111
Add: Income tax expense 3,615 3,202 3,263 2,731 2,103 3,465
Earnings before tax (EBT) 18,353 17,995 17,615 15,834 6,069 13,326
Add: Interest expense 756 439 502 465 509 506
Earnings before interest and tax (EBIT) 19,109 18,434 18,117 16,299 6,578 13,832
Add: Depreciation and amortization 2,714 2,807 2,735 3,013 2,824 2,834
Earnings before interest, tax, depreciation and amortization (EBITDA) 21,823 21,241 20,852 19,312 9,402 16,666

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Procter & Gamble Co. EBITDA increased from 2021 to 2022 and from 2022 to 2023.

Enterprise Value to EBITDA Ratio, Current

Procter & Gamble Co., current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in millions)
Enterprise value (EV) 409,246
Earnings before interest, tax, depreciation and amortization (EBITDA) 21,823
Valuation Ratio
EV/EBITDA 18.75
Benchmarks
EV/EBITDA, Industry
Consumer Staples 18.65

Based on: 10-K (reporting date: 2023-06-30).

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Procter & Gamble Co., historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020 Jun 30, 2019 Jun 30, 2018
Selected Financial Data (US$ in millions)
Enterprise value (EV)1 393,511 371,203 366,108 349,722 307,076 226,602
Earnings before interest, tax, depreciation and amortization (EBITDA)2 21,823 21,241 20,852 19,312 9,402 16,666
Valuation Ratio
EV/EBITDA3 18.03 17.48 17.56 18.11 32.66 13.60
Benchmarks
EV/EBITDA, Industry
Consumer Staples 16.73 16.63 15.91 15.18 18.37

Based on: 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30).

1 See details »

2 See details »

3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 393,511 ÷ 21,823 = 18.03

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Procter & Gamble Co. EV/EBITDA ratio decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.