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Cleo DiagnosticsASX:COV 30 EV-to-EBIT is -5.24 as of Aug. 20, 2026. GuruFocus rates ASX:COV with a GF Score™ of 30/100. The stock has 1 warning sign investors should review. Among 472 Medical Devices & Instruments companies, Cleo Diagnostics ranks worse than 211864.19% on this metric.
The historical rank and industry rank for Cleo Diagnostics's EV-to-EBIT or its related term are showing as below:
ASX:COV'
s EV-to-EBIT Range Over the Past 10 Years
Min: -5.54 Med: 0 Max: 0
Current: -5.24
ASX:COV's EV-to-EBIT is ranked worse than 100% of 472
companies
in the Medical Devices & Instruments industry
Industry Median: 19.665
vs ASX:COV: -5.24
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.
Cleo Diagnostics's Enterprise Value for the quarter that ended in Dec. 2025 was A$73.38 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Cleo Diagnostics's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$-6.83 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.
Cleo Diagnostics EV-to-EBIT Related Terms
Cleo Diagnostics EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Cleo Diagnostics'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.
For the Medical Devices subindustry, Cleo Diagnostics'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.
Cleo Diagnostics EV-to-EBIT vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Cleo Diagnostics's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Cleo Diagnostics's EV-to-EBIT falls into.
Cleo Diagnostics's current Enterprise Value is A$35.82 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Cleo Diagnostics's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$-6.83 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.
Cleo Diagnostics (ASX:COV) has a EV-to-EBIT of -5.24 as of Aug. 20, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Cleo Diagnostics and its competitors. According to the industry distribution chart, Cleo Diagnostics ranks #999999 out of 472 companies in the Medical Devices & Instruments industry.
Is Cleo Diagnostics' EV-to-EBIT too high?
Cleo Diagnostics' current EV-to-EBIT is -5.24. Based on the distribution chart, Cleo Diagnostics ranks #999999 out of 472 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Cleo Diagnostics has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Cleo Diagnostics' EV-to-EBIT compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Cleo Diagnostics ranks #999999 out of 472 companies for EV-to-EBIT. This places Cleo Diagnostics in the lower half of its industry. The industry median EV-to-EBIT is 19.67. 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 Medical Devices & Instruments company?
The median EV-to-EBIT among Medical Devices & Instruments companies is 19.67, based on 472 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. 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 Cleo Diagnostics and its competitors. For the Medical Devices & Instruments industry, the median EV-to-EBIT is 19.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleo Diagnostics's current EV-to-EBIT is -5.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleo Diagnostics stock overvalued right now?
Cleo Diagnostics (ASX:COV) has a current EV-to-EBIT of -5.24. The current EV-to-EBIT is -5.24. Cleo Diagnostics' overall GF Score™ is 30/100 with 1 warning sign 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 Cleo Diagnostics (ASX:COV), the current EV-to-EBIT is -5.24 as of Aug. 20, 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.
Cleo Diagnostics Ltd is focused on the development of non-invasive blood-based IVD tests to detect the presence, and recurrence, of ovarian cancer. The company's first product to market is intended to be the Triage Test which results to accurately differentiate patients with malignant ovarian cancer from those with benign gynecological conditions. The company aims to improve the diagnostic process and procedures for detecting ovarian cancer and, in this regard, improve quality-of-life outcomes for patients who have been diagnosed with ovarian cancer.
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