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Thomson Reuters Corp
TSX:TRI

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Thomson Reuters Corp
TSX:TRI
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Price: 127.27 CAD -0.22% Market Closed
Market Cap: CA$56.5B

EV/EBIT

20.9
Current
41%
Cheaper
vs 3-y median of 35.7

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
20.9
=
Enterprise Value
CA$57.6B
/
EBIT
$2B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
20.9
=
Enterprise Value
CA$57.6B
/
EBIT
$2B

Valuation Scenarios

Thomson Reuters Corp is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (35.7), the stock would be worth CA$217.15 (71% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-31%
Maximum Upside
+71%
Average Upside
25%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 20.9 CA$127.27
0%
3-Year Average 35.7 CA$217.15
+71%
5-Year Average 35.8 CA$217.55
+71%
Industry Average 18.7 CA$113.47
-11%
Country Average 14.5 CA$87.9
-31%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
CA$57.6B
/
Jan 2026
$2B
=
20.9
Current
CA$57.6B
/
Dec 2026
$2.4B
=
23.5
Forward
CA$57.6B
/
Dec 2027
$2.8B
=
20.9
Forward
CA$57.6B
/
Dec 2028
$3.1B
=
18.7
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
CA
Thomson Reuters Corp
TSX:TRI
56.8B CAD 20.9 27.1
UK
Relx PLC
LSE:REL
49.5B GBP 18.5 23.9
UK
IHS Markit Ltd
F:0M3
37.9B EUR 40.2 36.5
IE
Experian PLC
LSE:EXPN
26.2B GBP 19.7 25.7
US
Verisk Analytics Inc
NASDAQ:VRSK
24.6B USD 18.8 27.2
US
Equifax Inc
NYSE:EFX
23.6B USD 24.7 35.8
CH
SGS SA
SIX:SGSN
16.9B CHF 18.9 25.8
US
Leidos Holdings Inc
NYSE:LDOS
19.6B USD 10.9 13.5
NL
Wolters Kluwer NV
AEX:WKL
16.1B EUR 12.8 12.3
US
UL Solutions Inc
NYSE:ULS
18.4B USD 0 0
US
CoStar Group Inc
NASDAQ:CSGP
16.6B USD -221.7 2 371.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Thomson Reuters Corp
TSX:TRI
Average EV/EBIT: 20.6
20.9
16%
1.3
UK
Relx PLC
LSE:REL
18.5
12%
1.5
UK
I
IHS Markit Ltd
F:0M3
40.2
N/A N/A
IE
Experian PLC
LSE:EXPN
19.7
14%
1.4
US
Verisk Analytics Inc
NASDAQ:VRSK
18.8
10%
1.9
US
Equifax Inc
NYSE:EFX
24.7
22%
1.1
CH
SGS SA
SIX:SGSN
18.9
12%
1.6
US
Leidos Holdings Inc
NYSE:LDOS
10.9
5%
2.2
NL
Wolters Kluwer NV
AEX:WKL
12.8
8%
1.6
US
U
UL Solutions Inc
NYSE:ULS
Not Available
13%
N/A
US
CoStar Group Inc
NASDAQ:CSGP
Negative Multiple: -221.7 N/A N/A
P/E Multiple
Earnings Growth PEG
CA
Thomson Reuters Corp
TSX:TRI
Average P/E: 259.9
27.1
20%
1.4
UK
Relx PLC
LSE:REL
23.9
16%
1.5
UK
I
IHS Markit Ltd
F:0M3
36.5
N/A N/A
IE
Experian PLC
LSE:EXPN
25.7
20%
1.3
US
Verisk Analytics Inc
NASDAQ:VRSK
27.2
12%
2.3
US
Equifax Inc
NYSE:EFX
35.8
32%
1.1
CH
SGS SA
SIX:SGSN
25.8
12%
2.2
US
Leidos Holdings Inc
NYSE:LDOS
13.5
7%
1.9
NL
Wolters Kluwer NV
AEX:WKL
12.3
7%
1.8
US
U
UL Solutions Inc
NYSE:ULS
Not Available
20%
N/A
US
CoStar Group Inc
NASDAQ:CSGP
2 371.3
412%
5.8

Market Distribution

Higher than 71% of companies in Canada
Percentile
71th
Based on 1 813 companies
71th percentile
20.9
Low
0 — 10.6
Typical Range
10.6 — 20.6
High
20.6 —
Distribution Statistics
Canada
Min 0
30th Percentile 10.6
Median 14.5
70th Percentile 20.6
Max 3 794.4

Thomson Reuters Corp
Glance View

Thomson Reuters Corp. stands as a giant in the landscape of information services, leveraging its rich history and merger with Reuters Group in 2008 to create a robust platform that caters to professionals across multiple industries. The company, with its headquarters in Toronto, has carved out a niche by providing essential news, data, and analytics that fuel decision-making for businesses, governments, and professionals in sectors ranging from law and tax to finance and accounting. Central to its operations are its platforms like Westlaw and Checkpoint, which deliver critical legal and tax research tools, underscoring the company's commitment to addressing the nuanced needs of its clients. Additionally, its news services, driven by the storied Reuters brand, offer comprehensive, reliable news coverage that is indispensable to media outlets worldwide. Driving its profitability, Thomson Reuters has adeptly transformed its offerings into lucrative products and subscription models. It generates revenue primarily through subscription fees and the sale of digital content, with a significant portion derived from its legal and tax & accounting divisions. The company's ability to integrate advanced technology, such as AI and machine learning, into its platforms ensures that it remains at the forefront of innovation, providing value-added services that enhance client productivity and regulatory compliance. This focus on digital transformation not only fortifies its competitive edge but also positions Thomson Reuters to capitalize on emerging market trends, ensuring sustained growth in an increasingly data-driven world.

TRI Intrinsic Value
136.44 CAD
Undervaluation 7%
Intrinsic Value
Price CA$127.27
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