The Lottery (ASX:TLC) EV-to-EBIT: 21.81 (As of Jul. 22, 2026) — Near 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:TLC The Lottery Corp Ltd ASX:TLC
61 GF Score
Price A$5.53
GF Value A$5.24
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is The Lottery EV-to-EBIT?

The Lottery ASX:TLC -0.18% 61 EV-to-EBIT is 21.81 as of Jul. 22, 2026, which is 1% below its 10-year median of 21.98. GuruFocus rates ASX:TLC with a GF Score™ of 61/100 and a GF Value™ of A$5.24 (Fairly Valued). The stock has 5 warning signs investors should review. Among 637 Travel & Leisure companies, The Lottery ranks worse than 69.23% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, The Lottery's Enterprise Value is A$14,274 Mil. The Lottery's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$654 Mil. Therefore, The Lottery's EV-to-EBIT for today is 21.81.

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

ASX:TLC' s EV-to-EBIT Range Over the Past 10 Years
Min: 18.43   Med: 21.98   Max: 30.91
Current: 21.81

During the past 4 years, the highest EV-to-EBIT of The Lottery was 30.91. The lowest was 18.43. And the median was 21.98.

ASX:TLC's EV-to-EBIT is ranked worse than
69.23% of 637 companies
in the Travel & Leisure industry
Industry Median: 14.39 vs ASX:TLC: 21.81

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. The Lottery's Enterprise Value for the quarter that ended in Dec. 2025 was A$13,422 Mil. The Lottery's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$654 Mil. The Lottery's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 4.88%.


The Lottery  (ASX:TLC) 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) %.

The Lottery'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 )
=654.4/13422.452
=4.88 %

The Lottery's Enterprise Value for the quarter that ended in Dec. 2025 was A$13,422 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. The Lottery's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$654 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.


The Lottery EV-to-EBIT Related Terms


The Lottery EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for The Lottery'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.

The Lottery EV-to-EBIT Chart

The Lottery Annual Data
Trend Jun22 Jun23 Jun24 Jun25
EV-to-EBIT
22.30 30.08 19.48 20.97

The Lottery Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only 0.00 19.48 0.00 20.97 0.00

ASX:TLC vs FLUT, DKNG, SGHC: EV-to-EBIT Comparison

For the Gambling subindustry, The Lottery'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.


The Lottery EV-to-EBIT vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, The Lottery's EV-to-EBIT distribution charts can be found below:

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


ASX:TLC
61GF Score
The Lottery Corp Ltd ASX:TLC
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Lottery EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=14273.775/654.4
=21.81

The Lottery's current Enterprise Value is A$14,274 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. The Lottery's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was A$654 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 21.81 mean?
The Lottery (ASX:TLC) has a EV-to-EBIT of 21.81 as of Jul. 22, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on The Lottery and its competitors. This is near median its historical median of 21.98. Over the past decade, The Lottery's EV-to-EBIT has ranged from 18.43 to 30.91. According to the industry distribution chart, The Lottery ranks #441 out of 637 companies in the Travel & Leisure industry, placing it in the top 69.2%.
Is The Lottery's EV-to-EBIT too high?
The Lottery's current EV-to-EBIT of 21.81 is near median its 10-year median of 21.98. Over the past 10 years, this metric has ranged from a low of 18.43 to a high of 30.91. The Travel & Leisure industry median EV-to-EBIT is 14.39. The Lottery's value of 21.81 is 51.6% above this industry median. Based on the distribution chart, The Lottery ranks #441 out of 637 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, The Lottery has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Lottery's EV-to-EBIT compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, The Lottery ranks #441 out of 637 companies for EV-to-EBIT. This places The Lottery in the lower half of its industry. The industry median EV-to-EBIT is 14.39. The Lottery's value of 21.81 is 51.6% above this benchmark. Historically, The Lottery's own EV-to-EBIT has ranged from 18.43 to 30.91 over the past decade. While the company's 10-year median is 21.98 vs. the industry median of 14.39, The Lottery 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 Travel & Leisure company?
The median EV-to-EBIT among Travel & Leisure companies is 14.39, based on 637 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. The Lottery's current EV-to-EBIT of 21.81 is 51.6% 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 The Lottery and its competitors. For the Travel & Leisure industry, the median EV-to-EBIT is 14.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Lottery's current EV-to-EBIT is 21.81, which is near median its own 10-year median of 21.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lottery stock overvalued right now?
Based on GuruFocus' analysis, The Lottery (ASX:TLC) is currently considered Fairly Valued. The stock's GF Value™ is A$5.24, compared to a current price of A$5.53 — trading 5.5% above its estimated fair value. The current EV-to-EBIT is 21.81, which is near median its 10-year median of 21.98 and 51.6% above the Travel & Leisure industry median of 14.39. The Lottery's overall GF Score™ is 61/100 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 The Lottery (ASX:TLC), the current EV-to-EBIT is 21.81 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 The Lottery (ASX:TLC) Overvalued in 2026?

Based on GuruFocus' analysis, The Lottery stock appears to be overvalued. The current stock price of A$5.53 is trading 5.5% above its estimated GF Value™ of A$5.24. GuruFocus considers The Lottery to be Fairly Valued.

Key valuation signals for ASX:TLC:

  • EV-to-EBIT: 21.81 (near median its 10-year median of 21.98)
  • GF Value™: A$5.24 vs. price of A$5.53 (5.5% above fair value)
  • GF Score™: 61/100 with 5 warning signs
  • Industry Position: 51.6% above the Travel & Leisure median (#441 of 637)

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


The Lottery Business Description

Address 180 Ann Street, Level 8, Brisbane, QLD, AUS, 4000
The Lottery Corporation is Australia's largest provider of lottery, keno, and instant-scratch products, with long-dated and/or exclusive licenses for the lottery in all Australian states and territories except Western Australia, and in most states and territories for keno. Lottery Corp has a distribution network of more than 3,800 franchised retailers that sell instant-scratch and lottery products through vendors such as newsstands, gas stations, pharmacies, and convenience stores, as well as online sales. Keno is sold in over 3,400 bars and clubs.
61GF Score

Get the complete analysis for ASX:TLC

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

A$5.53
Price
A$5.24
GF Value