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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.
Ninety One's Enterprise Value for the quarter that ended in Mar. 2026 was €-13,811.7 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ninety One's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €243.1 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.
Ninety One EV-to-EBIT Related Terms
Ninety One EV-to-EBIT Historical Data
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The historical data trend for Ninety One'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, Ninety One'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.
Ninety One EV-to-EBIT vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ninety One's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Ninety One's EV-to-EBIT falls into.
Ninety One's current Enterprise Value is €-14,048.8 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Ninety One's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €243.1 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.
Ninety One (FRA:L91) has a EV-to-EBIT of -57.78 as of Aug. 12, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Ninety One and its competitors. According to the industry distribution chart, Ninety One ranks #3 out of 498 companies in the Asset Management industry, placing it in the top 0.59999999999999%.
Is Ninety One's EV-to-EBIT too high?
Ninety One's current EV-to-EBIT is -57.78. Based on the distribution chart, Ninety One ranks #3 out of 498 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Ninety One has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does Ninety One's EV-to-EBIT compare to BLK and BX?
According to the Asset Management industry distribution chart, Ninety One ranks #3 out of 498 companies for EV-to-EBIT. This places Ninety One in the top 1% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 9.37. 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 9.37, based on 498 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. 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 Ninety One and its competitors. For the Asset Management industry, the median EV-to-EBIT is 9.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ninety One's current EV-to-EBIT is -57.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ninety One stock overvalued right now?
Ninety One (FRA:L91) has a current EV-to-EBIT of -57.78. The stock's GF Value™ is €2.07, compared to a current price of €2.40 — trading 15.9% above its estimated fair value. The current EV-to-EBIT is -57.78. Ninety One's overall GF Score™ is 83/100 with 7 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 Ninety One (FRA:L91), the current EV-to-EBIT is -57.78 as of Aug. 12, 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 Ninety One (FRA:L91) Overvalued in 2026?
Based on GuruFocus' analysis, Ninety One stock appears to be overvalued.
The current stock price of €2.40 is trading 15.9% above its estimated GF Value™ of €2.07.
Key valuation signals for FRA:L91:
EV-to-EBIT: -57.78
GF Value™: €2.07 vs. price of €2.40 (15.9% above fair value)
No single metric tells the full story. See the FRA:L91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.
83GF 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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