Commerce Split (TSX:YCM) EV-to-EBIT: -10.60 (As of Sep. 22, 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.

TSX:YCM Commerce Split Corp TSX:YCM
10 GF Score
Price C$10.95
View Full Analysis

What is Commerce Split EV-to-EBIT?

Commerce Split TSX:YCM 10 EV-to-EBIT is -10.60 as of Sep. 22, 2026. GuruFocus rates TSX:YCM with a GF Score™ of 10/100.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Commerce Split's Enterprise Value is C$10.92 Mil. Commerce Split's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was C$-1.03 Mil. Therefore, Commerce Split's EV-to-EBIT for today is -10.60.

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

TSX:YCM's EV-to-EBIT is not ranked *
in the Asset Management industry.
Industry Median: 9.75
* Ranked among companies with meaningful EV-to-EBIT only.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Commerce Split's Enterprise Value for the quarter that ended in Nov. 2023 was C$0.03 Mil. Commerce Split's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was C$-1.03 Mil. Commerce Split's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2023 was -2,946.65%.


Commerce Split  (TSX:YCM) 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) %.

Commerce Split's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Nov. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Nov. 2023 ) =EBIT / Enterprise Value (Q: Nov. 2023 )
=-1.029543/0.03493948
=-2,946.65 %

Commerce Split's Enterprise Value for the quarter that ended in Nov. 2023 was C$0.03 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Commerce Split's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was C$-1.03 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.


Commerce Split EV-to-EBIT Related Terms


Commerce Split EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Commerce Split'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.

Commerce Split EV-to-EBIT Chart

Commerce Split Annual Data
Trend Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only 1.00 0.46 0.21 0.53 -0.03

Commerce Split Semi-Annual Data
Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only 1.00 0.46 0.21 0.53 -0.03

TSX:YCM vs BLK, BX, KKR: EV-to-EBIT Comparison

For the Asset Management subindustry, Commerce Split'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.


Commerce Split EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Commerce Split's EV-to-EBIT distribution charts can be found below:

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


TSX:YCM
10GF Score
Commerce Split Corp TSX:YCM
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Commerce Split EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=10.917/-1.029543
=-10.60

Commerce Split's current Enterprise Value is C$10.92 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Commerce Split's EBIT for the trailing twelve months (TTM) ended in Nov. 2023 was C$-1.03 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 -10.60 mean?
Commerce Split (TSX:YCM) has a EV-to-EBIT of -10.60 as of Sep. 22, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Commerce Split and its competitors.
Is Commerce Split's EV-to-EBIT too high?
Commerce Split's current EV-to-EBIT is -10.60. Overall, Commerce Split has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Commerce Split's EV-to-EBIT compare to BLK and BX?
Commerce Split's EV-to-EBIT of -10.60 can be compared against companies in the Asset Management industry. The industry median EV-to-EBIT is 9.75. 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 Asset Management company?
The median EV-to-EBIT among Asset Management companies is 9.75, based on 859 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 Commerce Split and its competitors. For the Asset Management industry, the median EV-to-EBIT is 9.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Commerce Split's current EV-to-EBIT is -10.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Commerce Split stock overvalued right now?
Commerce Split (TSX:YCM) has a current EV-to-EBIT of -10.60. The current EV-to-EBIT is -10.60. Commerce Split's overall GF Score™ is 10/100. 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 Commerce Split (TSX:YCM), the current EV-to-EBIT is -10.60 as of Sep. 22, 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.

Commerce Split Business Description

Address 200 Front Street West, Suite 2510, Royal Trust Tower, Toronto, ON, CAN, M5V 3K2
Commerce Split Corp is a mutual fund company. It invests in common shares of the Canadian Imperial Bank of Commerce. The corporation offers three types of shares, a Capital share, a Class I Preferred, and a Class II Preferred.
10GF Score

Get the complete analysis for TSX:YCM

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

C$10.95
Price