The a2 Milk CoASX:A2M +1.03%83 EBITDA Margin % is 17.29% as of Dec. 2025, which is 4% above its 10-year median of 16.55. GuruFocus rates ASX:A2M with a GF Score™ of 83/100 and a GF Value™ of A$6.68 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,953 Consumer Packaged Goods companies, The a2 Milk Co ranks better than 78.34% on this metric.
EBITDA Margin % is calculated as EBITDA divided by its Revenue. The a2 Milk Co's EBITDA for the
six
months ended in Dec. 2025 was A$149 Mil. The a2 Milk Co's Revenue for the
six
months ended in Dec. 2025 was A$864 Mil. Therefore, The a2 Milk Co's EBITDA margin for the quarter that ended in Dec. 2025 was 17.29%.
The a2 Milk Co (ASX:A2M) EBITDA Margin % Explanation
EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.
The a2 Milk Co EBITDA Margin % Related Terms
The a2 Milk Co EBITDA Margin % Historical Data
* Premium members only.
The historical data trend for The a2 Milk Co's EBITDA Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Packaged Foods subindustry, The a2 Milk Co's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
The a2 Milk Co EBITDA Margin % vs Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, The a2 Milk Co's EBITDA Margin % distribution charts can be found below:
* The bar in red indicates where The a2 Milk Co's EBITDA Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The a2 Milk Co (ASX:A2M) has a EBITDA Margin % of 17.29% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on The a2 Milk Co and its competitors. This is near median its historical median of 16.55. Over the past decade, The a2 Milk Co's EBITDA Margin % has ranged from 10.52 to 32.23. According to the industry distribution chart, The a2 Milk Co ranks #423 out of 1953 companies in the Consumer Packaged Goods industry, placing it in the top 21.7%.
Is The a2 Milk Co's EBITDA Margin % too high?
The a2 Milk Co's current EBITDA Margin % of 17.29% is near median its 10-year median of 16.55. Over the past 10 years, this metric has ranged from a low of 10.52 to a high of 32.23. The Consumer Packaged Goods industry median EBITDA Margin % is 9.00. The a2 Milk Co's value of 17.29% is 92.1% above this industry median. Based on the distribution chart, The a2 Milk Co ranks #423 out of 1953 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, The a2 Milk Co has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The a2 Milk Co's EBITDA Margin % compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, The a2 Milk Co ranks #423 out of 1953 companies for EBITDA Margin %. This places The a2 Milk Co in the top 22% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 9.00. The a2 Milk Co's value of 17.29% is 92.1% above this benchmark. Historically, The a2 Milk Co's own EBITDA Margin % has ranged from 10.52 to 32.23 over the past decade. While the company's 10-year median is 16.55 vs. the industry median of 9.00, The a2 Milk Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBITDA Margin % for a Consumer Packaged Goods company?
The median EBITDA Margin % among Consumer Packaged Goods companies is 9.00, based on 1,953 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. The a2 Milk Co's current EBITDA Margin % of 17.29% is 92.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on The a2 Milk Co and its competitors. For the Consumer Packaged Goods industry, the median EBITDA Margin % is 9.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The a2 Milk Co's current EBITDA Margin % is 17.29%, which is near median its own 10-year median of 16.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The a2 Milk Co stock overvalued right now?
Based on GuruFocus' analysis, The a2 Milk Co (ASX:A2M) is currently considered Fairly Valued. The stock's GF Value™ is A$6.68, compared to a current price of A$6.85 — trading 2.5% above its estimated fair value. The current EBITDA Margin % is 17.29%, which is near median its 10-year median of 16.55 and 92.1% above the Consumer Packaged Goods industry median of 9.00. The a2 Milk Co's overall GF Score™ is 83/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For The a2 Milk Co (ASX:A2M), the current EBITDA Margin % is 17.29% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is The a2 Milk Co (ASX:A2M) Overvalued in 2026?
Based on GuruFocus' analysis, The a2 Milk Co stock appears to be overvalued.
The current stock price of A$6.85 is trading 2.5% above its estimated GF Value™ of A$6.68.
GuruFocus considers The a2 Milk Co to be Fairly Valued.
Key valuation signals for ASX:A2M:
EBITDA Margin %: 17.29% (near median its 10-year median of 16.55)
GF Value™: A$6.68 vs. price of A$6.85 (2.5% above fair value)
Industry Position: 92.1% above the Consumer Packaged Goods median (#423 of 1953)
No single metric tells the full story. See the ASX:A2M stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
A2 Milk is a New Zealand licensor and marketer of fresh milk, infant formula, and other dairy products that lack the A1 beta-casein protein. The firm was founded in 2000 by Corran McLachlan, who developed a genetic test to determine which proteins a cow produces in its milk, and business partner Howard Paterson. The company has been through a tumultuous history of receivership, legal battles, and strategic shifts, but emerged in its current structure in 2006 and listed publicly in March 2013.
83GF Score
Get the complete analysis for ASX:A2M
EBITDA Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:A2M has been successfully added to your 
