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Cleo DiagnosticsASX:COV -3.79%31 EV-to-EBITDA is -5.29 as of Aug. 21, 2026. GuruFocus rates ASX:COV with a GF Score™ of 31/100. The stock has 1 warning sign investors should review. Among 516 Medical Devices & Instruments companies, Cleo Diagnostics ranks worse than 193798.26% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Cleo Diagnostics's enterprise value is A$35.82 Mil.
Cleo Diagnostics's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$-6.77 Mil. Therefore, Cleo Diagnostics's EV-to-EBITDA for today is -5.29.
The historical rank and industry rank for Cleo Diagnostics's EV-to-EBITDA or its related term are showing as below:
ASX:COV'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -5.59 Med: 0 Max: 0
Current: -5.29
ASX:COV's EV-to-EBITDA is ranked worse than 100% of 516
companies
in the Medical Devices & Instruments industry
Industry Median: 14.7
vs ASX:COV: -5.29
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.
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.
Cleo Diagnostics's PE Ratio (TTM) for today is calculated as:
Cleo Diagnostics's share price for today is A$0.3175.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Cleo Diagnostics's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-0.029.
* 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 Cleo Diagnostics'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.
For the Medical Devices subindustry, Cleo Diagnostics'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.
Cleo Diagnostics EV-to-EBITDA vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Cleo Diagnostics's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Cleo Diagnostics's EV-to-EBITDA falls into.
Cleo Diagnostics's current Enterprise Value is A$35.82 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Cleo Diagnostics's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$-6.77 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.
Cleo Diagnostics (ASX:COV) has a EV-to-EBITDA of -5.29 as of Aug. 21, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Cleo Diagnostics. According to the industry distribution chart, Cleo Diagnostics ranks #999999 out of 516 companies in the Medical Devices & Instruments industry.
Is Cleo Diagnostics' EV-to-EBITDA too high?
Cleo Diagnostics' current EV-to-EBITDA is -5.29. Based on the distribution chart, Cleo Diagnostics ranks #999999 out of 516 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, Cleo Diagnostics has a GF Score™ of 31/100, reflecting its overall financial health beyond just this single metric.
How does Cleo Diagnostics' EV-to-EBITDA compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Cleo Diagnostics ranks #999999 out of 516 companies for EV-to-EBITDA. This places Cleo Diagnostics in the lower half of its industry. The industry median EV-to-EBITDA is 14.70. 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 Medical Devices & Instruments company?
The median EV-to-EBITDA among Medical Devices & Instruments companies is 14.70, 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 Cleo Diagnostics. For the Medical Devices & Instruments industry, the median EV-to-EBITDA is 14.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cleo Diagnostics's current EV-to-EBITDA is -5.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cleo Diagnostics stock overvalued right now?
Cleo Diagnostics (ASX:COV) has a current EV-to-EBITDA of -5.29. The current EV-to-EBITDA is -5.29. Cleo Diagnostics' overall GF Score™ is 31/100 with 1 warning sign 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 Cleo Diagnostics (ASX:COV), the current EV-to-EBITDA is -5.29 as of Aug. 21, 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.
Cleo Diagnostics Ltd is focused on the development of non-invasive blood-based IVD tests to detect the presence, and recurrence, of ovarian cancer. The company's first product to market is intended to be the Triage Test which results to accurately differentiate patients with malignant ovarian cancer from those with benign gynecological conditions. The company aims to improve the diagnostic process and procedures for detecting ovarian cancer and, in this regard, improve quality-of-life outcomes for patients who have been diagnosed with ovarian cancer.
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