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MGX ResourcesASX:MGX -1.45%38 EV-to-EBIT is 1.72 as of Aug. 15, 2026, which is 56% below its 10-year median of 3.87. GuruFocus rates ASX:MGX with a GF Score™ of 38/100 and a GF Value™ of A$0.32 (Fairly Valued). The stock has 2 warning signs investors should review. Among 485 Steel companies, MGX Resources ranks better than 96.08% on this metric.
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.
MGX Resources's Enterprise Value for the quarter that ended in Dec. 2025 was A$85.2 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MGX Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$-29.3 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.
MGX Resources EV-to-EBIT Related Terms
MGX Resources EV-to-EBIT Historical Data
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The historical data trend for MGX Resources'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 Steel subindustry, MGX Resources'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.
MGX Resources EV-to-EBIT vs Steel Industry
For the Steel industry and Basic Materials sector, MGX Resources's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where MGX Resources's EV-to-EBIT falls into.
MGX Resources's current Enterprise Value is A$-50.6 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. MGX Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$-29.3 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.
MGX Resources (ASX:MGX) has a EV-to-EBIT of 1.72 as of Aug. 15, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on MGX Resources and its competitors. This is 56% below median its historical median of 3.87. According to the industry distribution chart, MGX Resources ranks #19 out of 485 companies in the Steel industry, placing it in the top 3.9%.
Is MGX Resources' EV-to-EBIT too high?
MGX Resources' current EV-to-EBIT of 1.72 is 56% below median its 10-year median of 3.87. The Steel industry median EV-to-EBIT is 12.88. MGX Resources' value of 1.72 is 86.6% below this industry median. Based on the distribution chart, MGX Resources ranks #19 out of 485 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, MGX Resources has a GF Score™ of 38/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does MGX Resources' EV-to-EBIT compare to NUE and STLD?
According to the Steel industry distribution chart, MGX Resources ranks #19 out of 485 companies for EV-to-EBIT. This places MGX Resources in the top 4% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 12.88. MGX Resources' value of 1.72 is 86.6% below this benchmark. While the company's 10-year median is 3.87 vs. the industry median of 12.88, MGX Resources has consistently been below 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 Steel company?
The median EV-to-EBIT among Steel companies is 12.88, based on 485 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. MGX Resources's current EV-to-EBIT of 1.72 is 86.6% below 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 MGX Resources and its competitors. For the Steel industry, the median EV-to-EBIT is 12.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MGX Resources's current EV-to-EBIT is 1.72, which is 56% below median its own 10-year median of 3.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGX Resources stock overvalued right now?
Based on GuruFocus' analysis, MGX Resources (ASX:MGX) is currently considered Fairly Valued. The stock's GF Value™ is A$0.32, compared to a current price of A$0.34 — trading 6.3% above its estimated fair value. The current EV-to-EBIT is 1.72, which is 56% below median its 10-year median of 3.87 and 86.6% below the Steel industry median of 12.88. MGX Resources' overall GF Score™ is 38/100 with 2 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 MGX Resources (ASX:MGX), the current EV-to-EBIT is 1.72 as of Aug. 15, 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 MGX Resources (ASX:MGX) Overvalued in 2026?
Based on GuruFocus' analysis, MGX Resources stock appears to be overvalued.
The current stock price of A$0.34 is trading 6.3% above its estimated GF Value™ of A$0.32.
GuruFocus considers MGX Resources to be Fairly Valued.
Key valuation signals for ASX:MGX:
EV-to-EBIT: 1.72 (56% below median its 10-year median of 3.87)
GF Value™: A$0.32 vs. price of A$0.34 (6.3% above fair value)
Industry Position: 86.6% below the Steel median (#19 of 485)
No single metric tells the full story. See the ASX:MGX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MGX Resources Ltd is an Australian mining company. The company's flagship production asset is the Koolan Island mine in WA's Kimberley region. The Company also holds precious and base metals exploration tenements in the Mid-West and Gascoyne regions of Western Australia. Its other projects include the Central Tanami Gold Project and the WA Exploration - Tallering Peak and Edmund Basin.
38GF Score
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