TONX (TON Strategy Co) EV-to-EBIT: -0.99 (As of Jul. 26, 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.

TONX TON Strategy Co TONX
46 GF Score
Price $3.25
GF Value $17.61
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is TON Strategy Co EV-to-EBIT?

TON Strategy Co TONX -6.63% 46 EV-to-EBIT is -0.99 as of Jul. 26, 2026. GuruFocus rates TONX with a GF Score™ of 46/100 and a GF Value™ of $17.61 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,770 Software companies, TON Strategy Co ranks worse than 56497.12% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, TON Strategy Co's Enterprise Value is $149.10 Mil. TON Strategy Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-150.07 Mil. Therefore, TON Strategy Co's EV-to-EBIT for today is -0.99.

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

TONX' s EV-to-EBIT Range Over the Past 10 Years
Min: -29.87   Med: -2.12   Max: 2.25
Current: -0.99

During the past 13 years, the highest EV-to-EBIT of TON Strategy Co was 2.25. The lowest was -29.87. And the median was -2.12.

TONX's EV-to-EBIT is ranked worse than
100% of 1770 companies
in the Software industry
Industry Median: 13.945 vs TONX: -0.99

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. TON Strategy Co's Enterprise Value for the quarter that ended in Mar. 2026 was $105.01 Mil. TON Strategy Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-150.07 Mil. TON Strategy Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -142.91%.


TON Strategy Co  (NAS:TONX) 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) %.

TON Strategy Co'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 )
=-150.072/105.00857
=-142.91 %

TON Strategy Co's Enterprise Value for the quarter that ended in Mar. 2026 was $105.01 Mil.
TON Strategy Co'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 $-150.07 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.


TON Strategy Co EV-to-EBIT Related Terms


TON Strategy Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for TON Strategy Co'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.

TON Strategy Co EV-to-EBIT Chart

TON Strategy Co 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 -2.89 -1.80 -0.34 0.56 -0.49

TON Strategy Co 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 0.61 -0.52 4.02 -0.49 -0.70

TONX vs SMRT, MRT, EGAN: EV-to-EBIT Comparison

For the Software - Application subindustry, TON Strategy Co'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.


TON Strategy Co EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, TON Strategy Co's EV-to-EBIT distribution charts can be found below:

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


TONX
46GF Score
TON Strategy Co TONX
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TON Strategy Co EV-to-EBIT Calculation

TON Strategy Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=149.102/-150.072
=-0.99

TON Strategy Co's current Enterprise Value is $149.10 Mil.
TON Strategy Co'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 $-150.07 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 -0.99 mean?
TON Strategy Co (TONX) has a EV-to-EBIT of -0.99 as of Jul. 26, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on TON Strategy Co and its competitors. According to the industry distribution chart, TON Strategy Co ranks #999999 out of 1770 companies in the Software industry.
Is TON Strategy Co's EV-to-EBIT too high?
TON Strategy Co's current EV-to-EBIT is -0.99. Based on the distribution chart, TON Strategy Co ranks #999999 out of 1770 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, TON Strategy Co has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TON Strategy Co's EV-to-EBIT compare to SMRT and MRT?
According to the Software industry distribution chart, TON Strategy Co ranks #999999 out of 1770 companies for EV-to-EBIT. This places TON Strategy Co in the lower half of its industry. The industry median EV-to-EBIT is 13.95. 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 Software company?
The median EV-to-EBIT among Software companies is 13.95, based on 1,770 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 TON Strategy Co and its competitors. For the Software industry, the median EV-to-EBIT is 13.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TON Strategy Co's current EV-to-EBIT is -0.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TON Strategy Co stock overvalued right now?
Based on GuruFocus' analysis, TON Strategy Co (TONX) is currently considered Possible Value Trap. The stock's GF Value™ is $17.61, compared to a current price of $3.25 — trading 81.5% below its estimated fair value. The current EV-to-EBIT is -0.99. TON Strategy Co's overall GF Score™ is 46/100 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 TON Strategy Co (TONX), the current EV-to-EBIT is -0.99 as of Jul. 26, 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 TON Strategy Co (TONX) Overvalued in 2026?

Based on GuruFocus' analysis, TON Strategy Co stock appears to be undervalued. The current stock price of $3.25 is trading 81.5% below its estimated GF Value™ of $17.61. GuruFocus considers TON Strategy Co to be Possible Value Trap.

Key valuation signals for TONX:

  • EV-to-EBIT: -0.99
  • GF Value™: $17.61 vs. price of $3.25 (81.5% below fair value)
  • GF Score™: 46/100 with 4 warning signs

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


TON Strategy Co Business Description

Other Exchanges 37V:Germany
Address 2300 West Sahara Avenue, Suite 800, Las Vegas, NV, USA, 89102
TON Strategy Co is a digital asset treasury and Web3 ecosystem company focused on supporting The Open Network, a public blockchain integrated with Telegram and designed for fast, scalable transactions and decentralized applications. Its core business is managing its holdings of Toncoin (TON), including staking tokens to support network validation and earn rewards, while adhering to regulatory, accounting, and risk management standards. The company also pursues Web3 initiatives to support the ecosystem's growth and adoption. It operates through MARKET. live, Go Fund Yourself, and TON segments, with MARKET.live generating maximum revenue as a multi-vendor livestream shopping platform that combines e-commerce and entertainment across social and video channels.
46GF Score

Get the complete analysis for TONX

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

$3.25
Price
$17.61
GF Value