Ultralife (FRA:ULB) EV-to-EBIT: -26.15 (As of Aug. 24, 2026)

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.

FRA:ULB Ultralife Corp FRA:ULB
72 GF Score
Price €5.85
GF Value €7.44
! 6 Warning Signs
View Full Analysis

What is Ultralife EV-to-EBIT?

Ultralife FRA:ULB -1.68% 72 EV-to-EBIT is -26.15 as of Aug. 24, 2026. GuruFocus rates FRA:ULB with a GF Score™ of 72/100 and a GF Value™ of €7.44. The stock has 6 warning signs investors should review. Among 2,388 Industrial Products companies, Ultralife ranks worse than 41876.01% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ultralife's Enterprise Value is €132.5 Mil. Ultralife's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €-5.1 Mil. Therefore, Ultralife's EV-to-EBIT for today is -26.15.

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

FRA:ULB' s EV-to-EBIT Range Over the Past 10 Years
Min: -144.35   Med: 16.73   Max: 1206.88
Current: -25.82

During the past 13 years, the highest EV-to-EBIT of Ultralife was 1206.88. The lowest was -144.35. And the median was 16.73.

FRA:ULB's EV-to-EBIT is ranked worse than
100% of 2388 companies
in the Industrial Products industry
Industry Median: 18.94 vs FRA:ULB: -25.82

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Ultralife's Enterprise Value for the quarter that ended in Jun. 2026 was €120.5 Mil. Ultralife's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was €-5.1 Mil. Ultralife's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -4.20%.


Ultralife  (FRA:ULB) 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) %.

Ultralife'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 )
=-5.066/120.49575
=-4.20 %

Ultralife's Enterprise Value for the quarter that ended in Jun. 2026 was €120.5 Mil.
Ultralife's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-5.1 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.


Ultralife EV-to-EBIT Related Terms


Ultralife EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Ultralife'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.

Ultralife EV-to-EBIT Chart

Ultralife Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,207.02 154.62 11.41 16.75 -30.53

Ultralife Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 25.51 25.17 -30.53 -19.11 -23.90

FRA:ULB vs NMAD, TGEN, APWC: EV-to-EBIT Comparison

For the Electrical Equipment & Parts subindustry, Ultralife'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.


Ultralife EV-to-EBIT vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Ultralife's EV-to-EBIT distribution charts can be found below:

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


FRA:ULB
72GF Score
Ultralife Corp FRA:ULB
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ultralife EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=132.488/-5.066
=-26.15

Ultralife's current Enterprise Value is €132.5 Mil.
Ultralife's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-5.1 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of -26.15 mean?
Ultralife (FRA:ULB) has a EV-to-EBIT of -26.15 as of Aug. 24, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Ultralife and its competitors. According to the industry distribution chart, Ultralife ranks #999999 out of 2388 companies in the Industrial Products industry.
Is Ultralife's EV-to-EBIT too high?
Ultralife's current EV-to-EBIT is -26.15. Based on the distribution chart, Ultralife ranks #999999 out of 2388 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ultralife has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Ultralife's EV-to-EBIT compare to NMAD and TGEN?
According to the Industrial Products industry distribution chart, Ultralife ranks #999999 out of 2388 companies for EV-to-EBIT. This places Ultralife in the lower half of its industry. The industry median EV-to-EBIT is 18.94. 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 Industrial Products company?
The median EV-to-EBIT among Industrial Products companies is 18.94, based on 2,388 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 Ultralife and its competitors. For the Industrial Products industry, the median EV-to-EBIT is 18.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultralife's current EV-to-EBIT is -26.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultralife stock overvalued right now?
Ultralife (FRA:ULB) has a current EV-to-EBIT of -26.15. The stock's GF Value™ is €7.44, compared to a current price of €5.85 — trading 21.4% below its estimated fair value. The current EV-to-EBIT is -26.15. Ultralife's overall GF Score™ is 72/100 with 6 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 Ultralife (FRA:ULB), the current EV-to-EBIT is -26.15 as of Aug. 24, 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 Ultralife (FRA:ULB) Overvalued in 2026?

Based on GuruFocus' analysis, Ultralife stock appears to be undervalued. The current stock price of €5.85 is trading 21.4% below its estimated GF Value™ of €7.44.

Key valuation signals for FRA:ULB:

  • EV-to-EBIT: -26.15
  • GF Value™: €7.44 vs. price of €5.85 (21.4% below fair value)
  • GF Score™: 72/100 with 6 warning signs

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


Ultralife Business Description

Other Exchanges ULBI:USAULB:Germany
Address 2000 Technology Parkway, Newark, NY, USA, 14513
Ultralife Corp provides products and services ranging from power solutions to communications and electronics systems to customers across the globe in the government and defense, medical, safety and security, energy, and industrial sectors. The company also designs, manufactures, installs, and maintains power and communications systems including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom-engineered systems. The company's segments include Battery and Energy Products, and Communications Systems. It generates maximum revenue from the Battery and Energy Products segment, and from the U.S. The Battery & Energy Products segment includes Lithium 9-volt, cylindrical, and various other non-rechargeable batteries.
72GF Score

Get the complete analysis for FRA:ULB

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

€5.85
Price
€7.44
GF Value