Net Holding AS (IST:NTHOL) EV-to-EBIT: 5.62 (As of Aug. 05, 2026) — 91% Above Median

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IST:NTHOL Net Holding AS IST:NTHOL
72 GF Score
Price ₺46.34
GF Value ₺56.49
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Net Holding AS EV-to-EBIT?

Net Holding AS IST:NTHOL +1.53% 72 EV-to-EBIT is 5.62 as of Aug. 05, 2026, which is 91% above its 10-year median of 2.95. GuruFocus rates IST:NTHOL with a GF Score™ of 72/100 and a GF Value™ of ₺56.49 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 638 Travel & Leisure companies, Net Holding AS ranks better than 84.8% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Net Holding AS's Enterprise Value is ₺24,046 Mil. Net Holding AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₺4,277 Mil. Therefore, Net Holding AS's EV-to-EBIT for today is 5.62.

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

IST:NTHOL' s EV-to-EBIT Range Over the Past 10 Years
Min: -16.6   Med: 2.95   Max: 1960.9
Current: 5.61

During the past 13 years, the highest EV-to-EBIT of Net Holding AS was 1960.90. The lowest was -16.60. And the median was 2.95.

IST:NTHOL's EV-to-EBIT is ranked better than
84.8% of 638 companies
in the Travel & Leisure industry
Industry Median: 14.66 vs IST:NTHOL: 5.61

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Net Holding AS's Enterprise Value for the quarter that ended in Mar. 2026 was ₺20,580 Mil. Net Holding AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₺4,277 Mil. Net Holding AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 20.78%.


Net Holding AS  (IST:NTHOL) 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) %.

Net Holding AS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=4276.58/20579.95034
=20.78 %

Net Holding AS's Enterprise Value for the quarter that ended in Mar. 2026 was ₺20,580 Mil.
Net Holding AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺4,277 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.


Net Holding AS EV-to-EBIT Related Terms


Net Holding AS EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Net Holding AS'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.

Net Holding AS EV-to-EBIT Chart

Net Holding AS 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 1.87 3.18 1.39 3.52 6.87

Net Holding AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.28 4.59 3.71 6.87 4.81

IST:NTHOL vs BKNG, ABNB, RCL: EV-to-EBIT Comparison

For the Travel Services subindustry, Net Holding AS'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.


Net Holding AS EV-to-EBIT vs Travel & Leisure Industry

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

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


IST:NTHOL
72GF Score
Net Holding AS IST:NTHOL
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Net Holding AS EV-to-EBIT Calculation

Net Holding AS's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=24045.855/4276.58
=5.62

Net Holding AS's current Enterprise Value is ₺24,046 Mil.
Net Holding AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₺4,277 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 5.62 mean?
Net Holding AS (IST:NTHOL) has a EV-to-EBIT of 5.62 as of Aug. 05, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Net Holding AS and its competitors. This is 91% above median its historical median of 2.95. According to the industry distribution chart, Net Holding AS ranks #97 out of 638 companies in the Travel & Leisure industry, placing it in the top 15.2%.
Is Net Holding AS's EV-to-EBIT too high?
Net Holding AS's current EV-to-EBIT of 5.62 is 91% above median its 10-year median of 2.95. The Travel & Leisure industry median EV-to-EBIT is 14.66. Net Holding AS's value of 5.62 is 61.7% below this industry median. Based on the distribution chart, Net Holding AS ranks #97 out of 638 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Net Holding AS has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Net Holding AS's EV-to-EBIT compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Net Holding AS ranks #97 out of 638 companies for EV-to-EBIT. This places Net Holding AS in the top 15% of its industry — outperforming the majority of peers. The industry median EV-to-EBIT is 14.66. Net Holding AS's value of 5.62 is 61.7% below this benchmark. While the company's 10-year median is 2.95 vs. the industry median of 14.66, Net Holding AS has consistently been below 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 14.66, based on 638 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. Net Holding AS's current EV-to-EBIT of 5.62 is 61.7% below 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 Net Holding AS and its competitors. For the Travel & Leisure industry, the median EV-to-EBIT is 14.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Holding AS's current EV-to-EBIT is 5.62, which is 91% above median its own 10-year median of 2.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Net Holding AS (IST:NTHOL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺56.49, compared to a current price of ₺46.34 — trading 18% below its estimated fair value. The current EV-to-EBIT is 5.62, which is 91% above median its 10-year median of 2.95 and 61.7% below the Travel & Leisure industry median of 14.66. Net Holding AS's overall GF Score™ is 72/100 with 4 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 Net Holding AS (IST:NTHOL), the current EV-to-EBIT is 5.62 as of Aug. 05, 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 Net Holding AS (IST:NTHOL) Overvalued in 2026?

Based on GuruFocus' analysis, Net Holding AS stock appears to be undervalued. The current stock price of ₺46.34 is trading 18% below its estimated GF Value™ of ₺56.49. GuruFocus considers Net Holding AS to be Modestly Undervalued.

Key valuation signals for IST:NTHOL:

  • EV-to-EBIT: 5.62 (91% above median its 10-year median of 2.95)
  • GF Value™: ₺56.49 vs. price of ₺46.34 (18% below fair value)
  • GF Score™: 72/100 with 4 warning signs
  • Industry Position: 61.7% below the Travel & Leisure median (#97 of 638)

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


Net Holding AS Business Description

Address Bade sokak. No. 9, Besiktas Etiler, Istanbul, TUR, 34337
Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.
72GF Score

Get the complete analysis for IST:NTHOL

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

₺46.34
Price
₺56.49
GF Value