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.
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.
Asset PlusNZSE:APL +0.61%38 EV-to-EBIT is 29.18 as of Aug. 07, 2026, which is 227% above its 10-year median of 8.91. GuruFocus rates NZSE:APL with a GF Score™ of 38/100. The stock has 2 warning signs investors should review. Among 654 REITs companies, Asset Plus ranks worse than 73.85% on this metric.
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.
Asset Plus's Enterprise Value for the quarter that ended in Mar. 2026 was NZ$58.36 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Asset Plus's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$3.56 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.
Asset Plus EV-to-EBIT Related Terms
Asset Plus EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Asset Plus'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 REIT - Diversified subindustry, Asset Plus'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.
Asset Plus EV-to-EBIT vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Asset Plus's EV-to-EBIT falls into.
Asset Plus's current Enterprise Value is NZ$103.94 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Asset Plus's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$3.56 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.
Asset Plus (NZSE:APL) has a EV-to-EBIT of 29.18 as of Aug. 07, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Asset Plus and its competitors. This is 227% above median its historical median of 8.91. According to the industry distribution chart, Asset Plus ranks #483 out of 654 companies in the REITs industry, placing it in the top 73.9%.
Is Asset Plus' EV-to-EBIT too high?
Asset Plus' current EV-to-EBIT of 29.18 is 227% above median its 10-year median of 8.91. The REITs industry median EV-to-EBIT is 18.21. Asset Plus' value of 29.18 is 60.2% above this industry median. Based on the distribution chart, Asset Plus ranks #483 out of 654 companies in the REITs industry, which is below the industry midpoint. Overall, Asset Plus has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' EV-to-EBIT compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #483 out of 654 companies for EV-to-EBIT. This places Asset Plus in the lower half of its industry. The industry median EV-to-EBIT is 18.21. Asset Plus' value of 29.18 is 60.2% above this benchmark. While the company's 10-year median is 8.91 vs. the industry median of 18.21, Asset Plus 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 REITs company?
The median EV-to-EBIT among REITs companies is 18.21, based on 654 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. Asset Plus's current EV-to-EBIT of 29.18 is 60.2% 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 Asset Plus and its competitors. For the REITs industry, the median EV-to-EBIT is 18.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Plus's current EV-to-EBIT is 29.18, which is 227% above median its own 10-year median of 8.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Asset Plus (NZSE:APL) has a current EV-to-EBIT of 29.18. The current EV-to-EBIT is 29.18, which is 227% above median its 10-year median of 8.91 and 60.2% above the REITs industry median of 18.21. Asset Plus' overall GF Score™ is 38/100 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 Asset Plus (NZSE:APL), the current EV-to-EBIT is 29.18 as of Aug. 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.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
38GF Score
Get the complete analysis for NZSE:APL
EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NZSE:APL has been successfully added to your 
