IPH (ASX:IPH) EV-to-EBIT: 11.91 (As of Jul. 16, 2026) — 38% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ASX:IPH IPH Ltd ASX:IPH
90 GF Score
Price A$4.13
GF Value A$7.14
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is IPH EV-to-EBIT?

IPH ASX:IPH +0.49% 90 EV-to-EBIT is 11.91 as of Jul. 16, 2026, which is 38% below its 10-year median of 19.13. GuruFocus rates ASX:IPH with a GF Score™ of 90/100 and a GF Value™ of A$7.14 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 853 Business Services companies, IPH ranks worse than 53.58% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, IPH's Enterprise Value is A$1,440.6 Mil. IPH's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$121.0 Mil. Therefore, IPH's EV-to-EBIT for today is 11.91.

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

ASX:IPH' s EV-to-EBIT Range Over the Past 10 Years
Min: 10.63   Med: 19.13   Max: 30.19
Current: 11.91

During the past 11 years, the highest EV-to-EBIT of IPH was 30.19. The lowest was 10.63. And the median was 19.13.

ASX:IPH's EV-to-EBIT is ranked worse than
53.58% of 853 companies
in the Business Services industry
Industry Median: 11.23 vs ASX:IPH: 11.91

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. IPH's Enterprise Value for the quarter that ended in Dec. 2025 was A$1,307.6 Mil. IPH's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$121.0 Mil. IPH's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 9.25%.


IPH  (ASX:IPH) 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) %.

IPH'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 )
=121/1307.61312
=9.25 %

IPH's Enterprise Value for the quarter that ended in Dec. 2025 was A$1,307.6 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. IPH's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$121.0 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.


IPH EV-to-EBIT Related Terms


IPH EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for IPH'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.

IPH EV-to-EBIT Chart

IPH Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.11 24.85 20.57 17.19 13.95

IPH Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 17.19 0.00 13.95 0.00

ASX:IPH vs CTAS, CPRT, ULS: EV-to-EBIT Comparison

For the Specialty Business Services subindustry, IPH'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.


IPH EV-to-EBIT vs Business Services Industry

For the Business Services industry and Industrials sector, IPH's EV-to-EBIT distribution charts can be found below:

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


ASX:IPH
90GF Score
IPH Ltd ASX:IPH
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IPH EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=1440.565/121
=11.91

IPH's current Enterprise Value is A$1,440.6 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. IPH's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$121.0 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 11.91 mean?
IPH (ASX:IPH) has a EV-to-EBIT of 11.91 as of Jul. 16, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on IPH and its competitors. This is 38% below median its historical median of 19.13. Over the past decade, IPH's EV-to-EBIT has ranged from 10.63 to 30.19. According to the industry distribution chart, IPH ranks #457 out of 853 companies in the Business Services industry, placing it in the top 53.6%.
Is IPH's EV-to-EBIT too high?
IPH's current EV-to-EBIT of 11.91 is 38% below median its 10-year median of 19.13. Over the past 10 years, this metric has ranged from a low of 10.63 to a high of 30.19. The Business Services industry median EV-to-EBIT is 11.23. IPH's value of 11.91 is 6.1% above this industry median. Based on the distribution chart, IPH ranks #457 out of 853 companies in the Business Services industry, which is below the industry midpoint. Overall, IPH has a GF Score™ of 90/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IPH's EV-to-EBIT compare to CTAS and CPRT?
According to the Business Services industry distribution chart, IPH ranks #457 out of 853 companies for EV-to-EBIT. This places IPH in the lower half of its industry. The industry median EV-to-EBIT is 11.23. IPH's value of 11.91 is 6.1% above this benchmark. Historically, IPH's own EV-to-EBIT has ranged from 10.63 to 30.19 over the past decade. While the company's 10-year median is 19.13 vs. the industry median of 11.23, IPH 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 Business Services company?
The median EV-to-EBIT among Business Services companies is 11.23, based on 853 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. IPH's current EV-to-EBIT of 11.91 is 6.1% 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 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 IPH and its competitors. For the Business Services industry, the median EV-to-EBIT is 11.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPH's current EV-to-EBIT is 11.91, which is 38% below median its own 10-year median of 19.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPH stock overvalued right now?
Based on GuruFocus' analysis, IPH (ASX:IPH) is currently considered Significantly Undervalued. The stock's GF Value™ is A$7.14, compared to a current price of A$4.13 — trading 42.2% below its estimated fair value. The current EV-to-EBIT is 11.91, which is 38% below median its 10-year median of 19.13 and 6.1% above the Business Services industry median of 11.23. IPH's overall GF Score™ is 90/100 with 5 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 IPH (ASX:IPH), the current EV-to-EBIT is 11.91 as of Jul. 16, 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 IPH (ASX:IPH) Overvalued in 2026?

Based on GuruFocus' analysis, IPH stock appears to be undervalued. The current stock price of A$4.13 is trading 42.2% below its estimated GF Value™ of A$7.14. GuruFocus considers IPH to be Significantly Undervalued.

Key valuation signals for ASX:IPH:

  • EV-to-EBIT: 11.91 (38% below median its 10-year median of 19.13)
  • GF Value™: A$7.14 vs. price of A$4.13 (42.2% below fair value)
  • GF Score™: 90/100 with 5 warning signs
  • Industry Position: 6.1% above the Business Services median (#457 of 853)

No single metric tells the full story. See the ASX:IPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IPH Business Description

Other Exchanges 1IP:Germany
Address 201 Sussex Street, Level 24, Tower 2, Darling Park, Sydney, NSW, AUS, 2000
IPH provides intellectual property services through its subsidiaries: Spruson and Ferguson, Smart & Biggar, Robic, Pizzeys, Griffith Hack, Applied Marks, and AJ Park. These services include patent filing, prosecution, enforcement, management, design, trademarks, and more. The company's diverse client base comprises multinationals, public-sector research organizations, and local businesses across industries such as healthcare, finance, engineering, and technology. Revenue streams mainly consist of professional fees (fixed) and volume-based fees (linked to the quantity of work performed). About 70% of revenue is derived from pre-existing work in the system, while 30% comes from new patent applications.
90GF Score

Get the complete analysis for ASX:IPH

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$4.13
Price
A$7.14
GF Value