VATE (Innovate) EV-to-EBIT: 21.18 (As of Jul. 19, 2026) — Near Median

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VATE Innovate Corp VATE
52 GF Score
Price $9.03
GF Value $5.85
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Innovate EV-to-EBIT?

Innovate VATE -3.42% 52 EV-to-EBIT is 21.18 as of Jul. 19, 2026, which is 2% above its 10-year median of 20.75. GuruFocus rates VATE with a GF Score™ of 52/100 and a GF Value™ of $5.85 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,427 Construction companies, Innovate ranks worse than 75.12% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Innovate's Enterprise Value is $769 Mil. Innovate's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $36 Mil. Therefore, Innovate's EV-to-EBIT for today is 21.18.

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

VATE' s EV-to-EBIT Range Over the Past 10 Years
Min: -975.84   Med: 20.75   Max: 340.52
Current: 21.18

During the past 13 years, the highest EV-to-EBIT of Innovate was 340.52. The lowest was -975.84. And the median was 20.75.

VATE's EV-to-EBIT is ranked worse than
75.12% of 1427 companies
in the Construction industry
Industry Median: 11.02 vs VATE: 21.18

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Innovate's Enterprise Value for the quarter that ended in Mar. 2026 was $723 Mil. Innovate's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $36 Mil. Innovate's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 5.02%.


Innovate  (NYSE:VATE) 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) %.

Innovate'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 )
=36.3/722.98656
=5.02 %

Innovate's Enterprise Value for the quarter that ended in Mar. 2026 was $723 Mil.
Innovate'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 $36 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.


Innovate EV-to-EBIT Related Terms


Innovate EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Innovate'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.

Innovate EV-to-EBIT Chart

Innovate 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 -46.51 84.99 23.71 18.41 24.82

Innovate 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 19.15 39.30 44.08 24.82 19.92

VATE vs SHIM, ESOA, PHOE: EV-to-EBIT Comparison

For the Engineering & Construction subindustry, Innovate'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.


Innovate EV-to-EBIT vs Construction Industry

For the Construction industry and Industrials sector, Innovate's EV-to-EBIT distribution charts can be found below:

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


VATE
52GF Score
Innovate Corp VATE
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovate EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=768.686/36.3
=21.18

Innovate's current Enterprise Value is $769 Mil.
Innovate'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 $36 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 21.18 mean?
Innovate (VATE) has a EV-to-EBIT of 21.18 as of Jul. 19, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Innovate and its competitors. This is near median its historical median of 20.75. According to the industry distribution chart, Innovate ranks #1072 out of 1427 companies in the Construction industry, placing it in the top 75.1%.
Is Innovate's EV-to-EBIT too high?
Innovate's current EV-to-EBIT of 21.18 is near median its 10-year median of 20.75. The Construction industry median EV-to-EBIT is 11.02. Innovate's value of 21.18 is 92.2% above this industry median. Based on the distribution chart, Innovate ranks #1072 out of 1427 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Innovate has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Innovate's EV-to-EBIT compare to SHIM and ESOA?
According to the Construction industry distribution chart, Innovate ranks #1072 out of 1427 companies for EV-to-EBIT. This places Innovate in the lower half of its industry. The industry median EV-to-EBIT is 11.02. Innovate's value of 21.18 is 92.2% above this benchmark. While the company's 10-year median is 20.75 vs. the industry median of 11.02, Innovate 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 Construction company?
The median EV-to-EBIT among Construction companies is 11.02, based on 1,427 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. Innovate's current EV-to-EBIT of 21.18 is 92.2% 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 Innovate and its competitors. For the Construction industry, the median EV-to-EBIT is 11.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovate's current EV-to-EBIT is 21.18, which is near median its own 10-year median of 20.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovate stock overvalued right now?
Based on GuruFocus' analysis, Innovate (VATE) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.85, compared to a current price of $9.03 — trading 54.4% above its estimated fair value. The current EV-to-EBIT is 21.18, which is near median its 10-year median of 20.75 and 92.2% above the Construction industry median of 11.02. Innovate's overall GF Score™ is 52/100 with 5 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 Innovate (VATE), the current EV-to-EBIT is 21.18 as of Jul. 19, 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 Innovate (VATE) Overvalued in 2026?

Based on GuruFocus' analysis, Innovate stock appears to be overvalued. The current stock price of $9.03 is trading 54.4% above its estimated GF Value™ of $5.85. GuruFocus considers Innovate to be Significantly Overvalued.

Key valuation signals for VATE:

  • EV-to-EBIT: 21.18 (near median its 10-year median of 20.75)
  • GF Value™: $5.85 vs. price of $9.03 (54.4% above fair value)
  • GF Score™: 52/100 with 5 warning signs
  • Industry Position: 92.2% above the Construction median (#1072 of 1427)

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


Innovate Business Description

Other Exchanges PST0:Germany
Address 295 Madison Avenue, 12th Floor, New York, NY, USA, 10017
Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments. Its segments include Infrastructure, Life Sciences and Spectrum, and Other segment. Through its subsidiaries it provides fully integrated structural and steel construction services; supports healthcare and biotechnology product development; and operates Over-The-Air (OTA) broadcasting stations across the United States (U.S.) including Puerto Rico.
52GF Score

Get the complete analysis for VATE

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

$9.03
Price
$5.85
GF Value