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NZXNZSTF 52 EV-to-EBIT is 15.35 as of Jul. 28, 2026, which is 2% below its 10-year median of 15.70. GuruFocus rates NZSTF with a GF Score™ of 52/100 and a GF Value™ of $0.86 (Fairly Valued). The stock has 6 warning signs investors should review. Among 500 Capital Markets companies, NZX ranks worse than 65.8% on this metric.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, NZX's Enterprise Value is $302.55 Mil.
NZX's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $19.72 Mil. Therefore, NZX's EV-to-EBIT for today is 15.35.
The historical rank and industry rank for NZX's EV-to-EBIT or its related term are showing as below:
NZSTF'
s EV-to-EBIT Range Over the Past 10 Years
Min: 7.86 Med: 15.7 Max: 23.18
Current: 15.79
During the past 13 years, the highest EV-to-EBIT of NZX was 23.18. The lowest was 7.86. And the median was 15.70.
NZSTF's EV-to-EBIT is ranked worse than 65.8% of 500
companies
in the Capital Markets industry
Industry Median: 10.065
vs NZSTF: 15.79
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.
NZX's Enterprise Value for the quarter that ended in Dec. 2025 was $304.85 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NZX's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $19.72 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.
NZX EV-to-EBIT Related Terms
NZX EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for NZX'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 Financial Data & Stock Exchanges subindustry, NZX'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.
NZX EV-to-EBIT vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, NZX's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where NZX's EV-to-EBIT falls into.
NZX's current Enterprise Value is $302.55 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. NZX's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $19.72 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.
NZX (NZSTF) has a EV-to-EBIT of 15.35 as of Jul. 28, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on NZX and its competitors. This is near median its historical median of 15.70. Over the past decade, NZX's EV-to-EBIT has ranged from 7.86 to 23.18. According to the industry distribution chart, NZX ranks #329 out of 500 companies in the Capital Markets industry, placing it in the top 65.8%.
Is NZX's EV-to-EBIT too high?
NZX's current EV-to-EBIT of 15.35 is near median its 10-year median of 15.70. Over the past 10 years, this metric has ranged from a low of 7.86 to a high of 23.18. The Capital Markets industry median EV-to-EBIT is 10.07. NZX's value of 15.35 is 52.5% above this industry median. Based on the distribution chart, NZX ranks #329 out of 500 companies in the Capital Markets industry, which is below the industry midpoint. Overall, NZX has a GF Score™ of 52/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does NZX's EV-to-EBIT compare to SPGI and CME?
According to the Capital Markets industry distribution chart, NZX ranks #329 out of 500 companies for EV-to-EBIT. This places NZX in the lower half of its industry. The industry median EV-to-EBIT is 10.07. NZX's value of 15.35 is 52.5% above this benchmark. Historically, NZX's own EV-to-EBIT has ranged from 7.86 to 23.18 over the past decade. While the company's 10-year median is 15.70 vs. the industry median of 10.07, NZX 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 Capital Markets company?
The median EV-to-EBIT among Capital Markets companies is 10.07, based on 500 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. NZX's current EV-to-EBIT of 15.35 is 52.5% 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 NZX and its competitors. For the Capital Markets industry, the median EV-to-EBIT is 10.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NZX's current EV-to-EBIT is 15.35, which is near median its own 10-year median of 15.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NZX stock overvalued right now?
Based on GuruFocus' analysis, NZX (NZSTF) is currently considered Fairly Valued. The stock's GF Value™ is $0.86, compared to a current price of $0.87 — trading 1.3% above its estimated fair value. The current EV-to-EBIT is 15.35, which is near median its 10-year median of 15.70 and 52.5% above the Capital Markets industry median of 10.07. NZX's overall GF Score™ is 52/100 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 NZX (NZSTF), the current EV-to-EBIT is 15.35 as of Jul. 28, 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 NZX (NZSTF) Overvalued in 2026?
Based on GuruFocus' analysis, NZX stock appears to be overvalued.
The current stock price of $0.87 is trading 1.3% above its estimated GF Value™ of $0.86.
GuruFocus considers NZX to be Fairly Valued.
Key valuation signals for NZSTF:
EV-to-EBIT: 15.35 (near median its 10-year median of 15.70)
GF Value™: $0.86 vs. price of $0.87 (1.3% above fair value)
Industry Position: 52.5% above the Capital Markets median (#329 of 500)
No single metric tells the full story. See the NZSTF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NZX Ltd operates New Zealand's equity, debt, funds, derivatives and energy markets. To support the growth of its markets, it provides trading, clearing, settlement, depository, and information services for its customers. The company also owns Smart, New Zealand issuer of listed Exchange Traded Funds (ETFs); KiwiSaver, investment, superannuation and insurance provider SuperLife; and diversified fund manager QuayStreet Asset Management. Its segments include Markets, Funds Management (Smart), Wealth Technologies, and Corporate. It derives majority of the revenue from Markets segment which includes Capital Markets Origination, Secondary Markets, and Information Services.
52GF Score
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