Stepchange Holdings (ASX:STH) EV-to-EBIT: 40.48 (As of Sep. 07, 2026) — 575% Above Median

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ASX:STH Stepchange Holdings Ltd ASX:STH
17 GF Score
Price A$0.13
! 2 Warning Signs
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What is Stepchange Holdings EV-to-EBIT?

Stepchange Holdings ASX:STH +4.17% 17 EV-to-EBIT is 40.48 as of Sep. 07, 2026, which is 575% above its 10-year median of 6.00. GuruFocus rates ASX:STH with a GF Score™ of 17/100. The stock has 2 warning signs investors should review. Among 1,764 Software companies, Stepchange Holdings ranks worse than 79.99% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Stepchange Holdings's Enterprise Value is A$14.70 Mil. Stepchange Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$0.36 Mil. Therefore, Stepchange Holdings's EV-to-EBIT for today is 40.48.

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

ASX:STH' s EV-to-EBIT Range Over the Past 10 Years
Min: 4.4   Med: 6   Max: 53.04
Current: 40.48

During the past 4 years, the highest EV-to-EBIT of Stepchange Holdings was 53.04. The lowest was 4.40. And the median was 6.00.

ASX:STH's EV-to-EBIT is ranked worse than
79.99% of 1764 companies
in the Software industry
Industry Median: 13.895 vs ASX:STH: 40.48

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Stepchange Holdings's Enterprise Value for the quarter that ended in Jun. 2026 was A$14.56 Mil. Stepchange Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$0.36 Mil. Stepchange Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 2.49%.


Stepchange Holdings  (ASX:STH) 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) %.

Stepchange Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=0.363/14.56268
=2.49 %

Stepchange Holdings's Enterprise Value for the quarter that ended in Jun. 2026 was A$14.56 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Stepchange Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$0.36 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.


Stepchange Holdings EV-to-EBIT Related Terms


Stepchange Holdings EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Stepchange Holdings'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.

Stepchange Holdings EV-to-EBIT Chart

Stepchange Holdings Annual Data
Trend Jun22 Jun23 Jun24 Jun26
EV-to-EBIT
0.00 0.00 0.00 40.12

Stepchange Holdings Semi-Annual Data
Jun22 Jun23 Dec23 Jun24 Dec24 Dec25 Jun26
EV-to-EBIT Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 40.12

ASX:STH vs CRM, SHOP, UBER: EV-to-EBIT Comparison

For the Software - Application subindustry, Stepchange Holdings'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.


Stepchange Holdings EV-to-EBIT vs Software Industry

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

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


ASX:STH
17GF Score
Stepchange Holdings Ltd ASX:STH
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Stepchange Holdings EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=14.696/0.363
=40.48

Stepchange Holdings's current Enterprise Value is A$14.70 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Stepchange Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was A$0.36 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 40.48 mean?
Stepchange Holdings (ASX:STH) has a EV-to-EBIT of 40.48 as of Sep. 07, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Stepchange Holdings and its competitors. This is 575% above median its historical median of 6.00. Over the past decade, Stepchange Holdings' EV-to-EBIT has ranged from 4.40 to 53.04. According to the industry distribution chart, Stepchange Holdings ranks #1411 out of 1764 companies in the Software industry, placing it in the top 80%.
Is Stepchange Holdings' EV-to-EBIT too high?
Stepchange Holdings' current EV-to-EBIT of 40.48 is 575% above median its 10-year median of 6.00. Over the past 10 years, this metric has ranged from a low of 4.40 to a high of 53.04. The Software industry median EV-to-EBIT is 13.90. Stepchange Holdings' value of 40.48 is 191.3% above this industry median. Based on the distribution chart, Stepchange Holdings ranks #1411 out of 1764 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Stepchange Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Stepchange Holdings' EV-to-EBIT compare to CRM and SHOP?
According to the Software industry distribution chart, Stepchange Holdings ranks #1411 out of 1764 companies for EV-to-EBIT. This places Stepchange Holdings in the lower half of its industry. The industry median EV-to-EBIT is 13.90. Stepchange Holdings' value of 40.48 is 191.3% above this benchmark. Historically, Stepchange Holdings' own EV-to-EBIT has ranged from 4.40 to 53.04 over the past decade. While the company's 10-year median is 6.00 vs. the industry median of 13.90, Stepchange Holdings 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 Software company?
The median EV-to-EBIT among Software companies is 13.90, based on 1,764 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. Stepchange Holdings's current EV-to-EBIT of 40.48 is 191.3% 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 Stepchange Holdings and its competitors. For the Software industry, the median EV-to-EBIT is 13.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stepchange Holdings's current EV-to-EBIT is 40.48, which is 575% above median its own 10-year median of 6.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stepchange Holdings stock overvalued right now?
Stepchange Holdings (ASX:STH) has a current EV-to-EBIT of 40.48. The current EV-to-EBIT is 40.48, which is 575% above median its 10-year median of 6.00 and 191.3% above the Software industry median of 13.90. Stepchange Holdings' overall GF Score™ is 17/100 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 Stepchange Holdings (ASX:STH), the current EV-to-EBIT is 40.48 as of Sep. 07, 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.

Stepchange Holdings Business Description

Address c/- MPH Lawyers, 580 Hay Street, Suite 183, Level 6, Perth, WA, AUS, 6000
Stepchange Holdings Ltd is engaged in providing software services. It delivers end-to-end SAP ERP and digital transformation service. Its services include: Strategic Alignment and Execution; Program and Project Management; Change Management; and Business Analysis.
17GF Score

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

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