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.
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.
QualitasASX:QAL -3.74%57 EV-to-EBIT is 17.91 as of Jul. 22, 2026, which is 7% above its 10-year median of 16.70. GuruFocus rates ASX:QAL with a GF Score™ of 57/100 and a GF Value™ of A$2.84 (Fairly Valued). The stock has 2 warning signs investors should review. Among 499 Asset Management companies, Qualitas ranks worse than 70.34% 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.
Qualitas's Enterprise Value for the quarter that ended in Dec. 2025 was A$1,079.7 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Qualitas's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$55.1 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.
Qualitas EV-to-EBIT Related Terms
Qualitas EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Qualitas'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 Asset Management subindustry, Qualitas'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.
Qualitas EV-to-EBIT vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Qualitas's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Qualitas's EV-to-EBIT falls into.
Qualitas's current Enterprise Value is A$987.8 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Qualitas's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$55.1 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.
Qualitas (ASX:QAL) has a EV-to-EBIT of 17.91 as of Jul. 22, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Qualitas and its competitors. This is near median its historical median of 16.70. Over the past decade, Qualitas' EV-to-EBIT has ranged from 10.57 to 38.70. According to the industry distribution chart, Qualitas ranks #351 out of 499 companies in the Asset Management industry, placing it in the top 70.3%.
Is Qualitas' EV-to-EBIT too high?
Qualitas' current EV-to-EBIT of 17.91 is near median its 10-year median of 16.70. Over the past 10 years, this metric has ranged from a low of 10.57 to a high of 38.70. The Asset Management industry median EV-to-EBIT is 9.49. Qualitas' value of 17.91 is 88.7% above this industry median. Based on the distribution chart, Qualitas ranks #351 out of 499 companies in the Asset Management industry, which is below the industry midpoint. Overall, Qualitas has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Qualitas' EV-to-EBIT compare to BLK and BX?
According to the Asset Management industry distribution chart, Qualitas ranks #351 out of 499 companies for EV-to-EBIT. This places Qualitas in the lower half of its industry. The industry median EV-to-EBIT is 9.49. Qualitas' value of 17.91 is 88.7% above this benchmark. Historically, Qualitas' own EV-to-EBIT has ranged from 10.57 to 38.70 over the past decade. While the company's 10-year median is 16.70 vs. the industry median of 9.49, Qualitas 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 an Asset Management company?
The median EV-to-EBIT among Asset Management companies is 9.49, based on 499 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. Qualitas's current EV-to-EBIT of 17.91 is 88.7% 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 Qualitas and its competitors. For the Asset Management industry, the median EV-to-EBIT is 9.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Qualitas's current EV-to-EBIT is 17.91, which is near median its own 10-year median of 16.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualitas stock overvalued right now?
Based on GuruFocus' analysis, Qualitas (ASX:QAL) is currently considered Fairly Valued. The stock's GF Value™ is A$2.84, compared to a current price of A$3.09 — trading 8.8% above its estimated fair value. The current EV-to-EBIT is 17.91, which is near median its 10-year median of 16.70 and 88.7% above the Asset Management industry median of 9.49. Qualitas' overall GF Score™ is 57/100 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 Qualitas (ASX:QAL), the current EV-to-EBIT is 17.91 as of Jul. 22, 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 Qualitas (ASX:QAL) Overvalued in 2026?
Based on GuruFocus' analysis, Qualitas stock appears to be overvalued.
The current stock price of A$3.09 is trading 8.8% above its estimated GF Value™ of A$2.84.
GuruFocus considers Qualitas to be Fairly Valued.
Key valuation signals for ASX:QAL:
EV-to-EBIT: 17.91 (near median its 10-year median of 16.70)
GF Value™: A$2.84 vs. price of A$3.09 (8.8% above fair value)
Industry Position: 88.7% above the Asset Management median (#351 of 499)
No single metric tells the full story. See the ASX:QAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qualitas Ltd is an alternative real estate investment manager focused on private credit and equity across commercial real estate sectors. The Group has identified two operating segments Funds Management and Direct Lending. Maximum revenue is generated from its Funds Management segment which includes all of its core Funds management activities and includes Funds management fees, performance fees, and other fee income. It also includes dividends and distributions from Qualitas' Investment and Direct Lending activities. The Direct Lending segment relates to the interest income and expenses relating to activities undertaken by the company's subsidiaries.
57GF Score
Get the complete analysis for ASX:QAL
EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASX:QAL has been successfully added to your 
