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ASXASX:ASX +2.42%80 EV-to-EBITDA is -0.69 as of Jul. 16, 2026. GuruFocus rates ASX:ASX with a GF Score™ of 80/100 and a GF Value™ of A$75.87 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 516 Capital Markets companies, ASX ranks better than 91.86% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, ASX's enterprise value is A$-683 Mil.
ASX's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$988 Mil. Therefore, ASX's EV-to-EBITDA for today is -0.69.
The historical rank and industry rank for ASX's EV-to-EBITDA or its related term are showing as below:
ASX:ASX'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -3.66 Med: 2 Max: 8.19
Current: -0.69
During the past 13 years, the highest EV-to-EBITDA of ASX was 8.19. The lowest was -3.66. And the median was 2.00.
ASX:ASX's EV-to-EBITDA is ranked better than 91.86% of 516
companies
in the Capital Markets industry
Industry Median: 9.895
vs ASX:ASX: -0.69
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
As of today (2026-07-16), ASX's stock price is A$56.61.
ASX's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$2.692. Therefore, ASX's PE Ratio (TTM) for today is 21.03.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
ASX (ASX:ASX) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
ASX's share price for today is A$56.61.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. ASX's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$2.692.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for ASX's EV-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASX:ASX vs SPGI, CME, MCO: EV-to-EBITDA Comparison
For the Financial Data & Stock Exchanges subindustry, ASX's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ASX EV-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, ASX's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where ASX's EV-to-EBITDA falls into.
ASX's current Enterprise Value is A$-683 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. ASX's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$988 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.
ASX (ASX:ASX) has a EV-to-EBITDA of -0.69 as of Jul. 16, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on ASX. According to the industry distribution chart, ASX ranks #42 out of 516 companies in the Capital Markets industry, placing it in the top 8.1%.
Is ASX's EV-to-EBITDA too high?
ASX's current EV-to-EBITDA is -0.69. Based on the distribution chart, ASX ranks #42 out of 516 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, ASX has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ASX's EV-to-EBITDA compare to SPGI and CME?
According to the Capital Markets industry distribution chart, ASX ranks #42 out of 516 companies for EV-to-EBITDA. This places ASX in the top 8% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 9.90. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Capital Markets company?
The median EV-to-EBITDA among Capital Markets companies is 9.90, based on 516 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on ASX. For the Capital Markets industry, the median EV-to-EBITDA is 9.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASX's current EV-to-EBITDA is -0.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASX stock overvalued right now?
Based on GuruFocus' analysis, ASX (ASX:ASX) is currently considered Modestly Undervalued. The stock's GF Value™ is A$75.87, compared to a current price of A$56.61 — trading 25.4% below its estimated fair value. The current EV-to-EBITDA is -0.69. ASX's overall GF Score™ is 80/100 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For ASX (ASX:ASX), the current EV-to-EBITDA is -0.69 as of Jul. 16, 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 ASX (ASX:ASX) Overvalued in 2026?
Based on GuruFocus' analysis, ASX stock appears to be undervalued.
The current stock price of A$56.61 is trading 25.4% below its estimated GF Value™ of A$75.87.
GuruFocus considers ASX to be Modestly Undervalued.
Key valuation signals for ASX:ASX:
EV-to-EBITDA: -0.69
GF Value™: A$75.87 vs. price of A$56.61 (25.4% below fair value)
No single metric tells the full story. See the ASX:ASX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Australian Securities Exchange is a vertically integrated securities exchange business offering listing, data, trading, clearing, and settlement services across equities, debt, and derivatives. ASX benefits from various effective monopolies across its business and a disproportionately large listings business from Australia's outsize natural resources sector.
80GF Score
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