iCetana (ASX:ICE) EV-to-EBIT: -5.17 (As of Jul. 30, 2026)

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What is iCetana EV-to-EBIT?

iCetana ASX:ICE +3.13% EV-to-EBIT is -5.17 as of Jul. 30, 2026. The stock has 4 warning signs investors should review. Among 1,772 Software companies, iCetana ranks worse than 56433.35% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, iCetana's Enterprise Value is A$19.89 Mil. iCetana's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$-3.85 Mil. Therefore, iCetana's EV-to-EBIT for today is -5.17.

The historical rank and industry rank for iCetana's EV-to-EBIT or its related term are showing as below:

ASX:ICE' s EV-to-EBIT Range Over the Past 10 Years
Min: -7   Med: -1.99   Max: -0.17
Current: -5.17

During the past 7 years, the highest EV-to-EBIT of iCetana was -0.17. The lowest was -7.00. And the median was -1.99.

ASX:ICE's EV-to-EBIT is ranked worse than
100% of 1772 companies
in the Software industry
Industry Median: 14.3 vs ASX:ICE: -5.17

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. iCetana's Enterprise Value for the quarter that ended in Dec. 2025 was A$25.62 Mil. iCetana's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$-3.85 Mil. iCetana's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was -15.02%.


iCetana  (ASX:ICE) EV-to-EBIT Explanation

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.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

iCetana's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2025 ) =EBIT / Enterprise Value (Q: Dec. 2025 )
=-3.847/25.617952
=-15.02 %

iCetana's Enterprise Value for the quarter that ended in Dec. 2025 was A$25.62 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. iCetana's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$-3.85 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.


iCetana EV-to-EBIT Related Terms


iCetana EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for iCetana'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.

iCetana EV-to-EBIT Chart

iCetana Annual Data
Trend Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EV-to-EBIT
Get a 7-Day Free Trial -2.97 -0.17 -1.82 -1.20 -7.36

iCetana Semi-Annual Data
Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 -1.20 0.00 -7.36 0.00

ASX:ICE vs QH, SHOP, UBER: EV-to-EBIT Comparison

For the Software - Application subindustry, iCetana'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.


iCetana EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, iCetana's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where iCetana's EV-to-EBIT falls into.



iCetana EV-to-EBIT Calculation

iCetana's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=19.886/-3.847
=-5.17

iCetana's current Enterprise Value is A$19.89 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. iCetana's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$-3.85 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of -5.17 mean?
iCetana (ASX:ICE) has a EV-to-EBIT of -5.17 as of Jul. 30, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on iCetana and its competitors. According to the industry distribution chart, iCetana ranks #999999 out of 1772 companies in the Software industry.
Is iCetana's EV-to-EBIT too high?
iCetana's current EV-to-EBIT is -5.17. Based on the distribution chart, iCetana ranks #999999 out of 1772 companies in the Software industry, which is in the bottom quartile relative to peers.
How does iCetana's EV-to-EBIT compare to QH and SHOP?
According to the Software industry distribution chart, iCetana ranks #999999 out of 1772 companies for EV-to-EBIT. This places iCetana in the lower half of its industry. The industry median EV-to-EBIT is 14.30. 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 Software company?
The median EV-to-EBIT among Software companies is 14.30, based on 1,772 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 iCetana and its competitors. For the Software industry, the median EV-to-EBIT is 14.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iCetana's current EV-to-EBIT is -5.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iCetana stock overvalued right now?
Based on GuruFocus' analysis, iCetana (ASX:ICE) is currently considered Significantly Overvalued. The stock's GF Value™ is A$0.01, compared to a current price of A$0.03 — trading 230% above its estimated fair value. The current EV-to-EBIT is -5.17. 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 iCetana (ASX:ICE), the current EV-to-EBIT is -5.17 as of Jul. 30, 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.

iCetana Business Description

Address 152 St Georges Terrace, Level 32, Perth, WA, AUS, 6000
iCetana Ltd develops and sells AI-assisted video surveillance software that uses machine learning technology to provide automatic real-time anomalous event detection. Its products include Safety and Security, Analytics, Forensic Quick Find, Facial Recognition, Licence Plate Recognition, and GPT Agents. The company operates through three segments: Asia Pacific (APAC), responsible for sales, marketing, and product development in Australia and the broader Asia Pacific region; North America (NA), managing sales and marketing in the United States and Canada; and Europe, Middle East & Africa (EMEA), handling sales and marketing efforts across Europe, the Middle East, and Africa. The majority of revenue comes from the Asia Pacific (APAC) segment.