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CodanASX:CDA +1.70%87 EV-to-EBIT is 36.24 as of Sep. 01, 2026, which is 112% above its 10-year median of 17.08. GuruFocus rates ASX:CDA with a GF Score™ of 87/100 and a GF Value™ of A$25.66 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,786 Hardware companies, Codan ranks worse than 69.88% on this metric.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Codan's Enterprise Value is A$8,716.2 Mil.
Codan's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$240.5 Mil. Therefore, Codan's EV-to-EBIT for today is 36.24.
The historical rank and industry rank for Codan's EV-to-EBIT or its related term are showing as below:
ASX:CDA'
s EV-to-EBIT Range Over the Past 10 Years
Min: 5.45 Med: 17.08 Max: 55.75
Current: 36.24
During the past 13 years, the highest EV-to-EBIT of Codan was 55.75. The lowest was 5.45. And the median was 17.08.
ASX:CDA's EV-to-EBIT is ranked worse than 69.88% of 1786
companies
in the Hardware industry
Industry Median: 18.815
vs ASX:CDA: 36.24
This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.
Codan's Enterprise Value for the quarter that ended in Jun. 2026 was A$8,034.6 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Codan's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$240.5 Mil.
* 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.
Codan EV-to-EBIT Related Terms
Codan EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Codan's EV-to-EBIT 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.
ASX:CDA vs GRMN, COHR, KEYS: EV-to-EBIT Comparison
For the Scientific & Technical Instruments subindustry, Codan's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.
Codan EV-to-EBIT vs Hardware Industry
For the Hardware industry and Technology sector, Codan's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Codan's EV-to-EBIT falls into.
Codan's current Enterprise Value is A$8,716.2 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Codan's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$240.5 Mil.
* 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.
Codan (ASX:CDA) has a EV-to-EBIT of 36.24 as of Sep. 01, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Codan and its competitors. This is 112% above median its historical median of 17.08. Over the past decade, Codan's EV-to-EBIT has ranged from 5.45 to 55.75. According to the industry distribution chart, Codan ranks #1248 out of 1786 companies in the Hardware industry, placing it in the top 69.9%.
Is Codan's EV-to-EBIT too high?
Codan's current EV-to-EBIT of 36.24 is 112% above median its 10-year median of 17.08. Over the past 10 years, this metric has ranged from a low of 5.45 to a high of 55.75. The Hardware industry median EV-to-EBIT is 18.82. Codan's value of 36.24 is 92.6% above this industry median. Based on the distribution chart, Codan ranks #1248 out of 1786 companies in the Hardware industry, which is below the industry midpoint. Overall, Codan has a GF Score™ of 87/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Codan's EV-to-EBIT compare to GRMN and COHR?
According to the Hardware industry distribution chart, Codan ranks #1248 out of 1786 companies for EV-to-EBIT. This places Codan in the lower half of its industry. The industry median EV-to-EBIT is 18.82. Codan's value of 36.24 is 92.6% above this benchmark. Historically, Codan's own EV-to-EBIT has ranged from 5.45 to 55.75 over the past decade. While the company's 10-year median is 17.08 vs. the industry median of 18.82, Codan 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 EV-to-EBIT for a Hardware company?
The median EV-to-EBIT among Hardware companies is 18.82, based on 1,786 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Codan's current EV-to-EBIT of 36.24 is 92.6% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Codan and its competitors. For the Hardware industry, the median EV-to-EBIT is 18.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Codan's current EV-to-EBIT is 36.24, which is 112% above median its own 10-year median of 17.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codan stock overvalued right now?
Based on GuruFocus' analysis, Codan (ASX:CDA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$25.66, compared to a current price of A$47.77 — trading 86.2% above its estimated fair value. The current EV-to-EBIT is 36.24, which is 112% above median its 10-year median of 17.08 and 92.6% above the Hardware industry median of 18.82. Codan's overall GF Score™ is 87/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Codan (ASX:CDA), the current EV-to-EBIT is 36.24 as of Sep. 01, 2026. 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 Codan (ASX:CDA) Overvalued in 2026?
Based on GuruFocus' analysis, Codan stock appears to be overvalued.
The current stock price of A$47.77 is trading 86.2% above its estimated GF Value™ of A$25.66.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
EV-to-EBIT: 36.24 (112% above median its 10-year median of 17.08)
GF Value™: A$25.66 vs. price of A$47.77 (86.2% above fair value)
Industry Position: 92.6% above the Hardware median (#1248 of 1786)
No single metric tells the full story. See the ASX:CDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth is from Europe.
87GF Score
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