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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.
EarlyPayASX:EPY +4.35%21 EV-to-EBITDA is 11.44 as of Jul. 27, 2026, which is 32% below its 10-year median of 16.71. GuruFocus rates ASX:EPY with a GF Score™ of 21/100 and a GF Value™ of A$0.46 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 326 Credit Services companies, EarlyPay ranks better than 70.86% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, EarlyPay's enterprise value is A$239.09 Mil.
EarlyPay's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$20.90 Mil. Therefore, EarlyPay's EV-to-EBITDA for today is 11.44.
The historical rank and industry rank for EarlyPay's EV-to-EBITDA or its related term are showing as below:
ASX:EPY'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.42 Med: 16.71 Max: 29.56
Current: 11.44
During the past 13 years, the highest EV-to-EBITDA of EarlyPay was 29.56. The lowest was 9.42. And the median was 16.71.
ASX:EPY's EV-to-EBITDA is ranked better than 70.86% of 326
companies
in the Credit Services industry
Industry Median: 22.23
vs ASX:EPY: 11.44
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.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
EarlyPay (ASX:EPY) 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.
EarlyPay's share price for today is A$0.12.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. EarlyPay's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.006.
* 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 EarlyPay'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 Credit Services subindustry, EarlyPay'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.
EarlyPay EV-to-EBITDA vs Credit Services Industry
For the Credit Services industry and Financial Services sector, EarlyPay's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where EarlyPay's EV-to-EBITDA falls into.
EarlyPay's current Enterprise Value is A$239.09 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. EarlyPay's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$20.90 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.
EarlyPay (ASX:EPY) has a EV-to-EBITDA of 11.44 as of Jul. 27, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on EarlyPay. This is 32% below median its historical median of 16.71. Over the past decade, EarlyPay's EV-to-EBITDA has ranged from 9.42 to 29.56. According to the industry distribution chart, EarlyPay ranks #95 out of 326 companies in the Credit Services industry, placing it in the top 29.1%.
Is EarlyPay's EV-to-EBITDA too high?
EarlyPay's current EV-to-EBITDA of 11.44 is 32% below median its 10-year median of 16.71. Over the past 10 years, this metric has ranged from a low of 9.42 to a high of 29.56. The Credit Services industry median EV-to-EBITDA is 22.23. EarlyPay's value of 11.44 is 48.5% below this industry median. Based on the distribution chart, EarlyPay ranks #95 out of 326 companies in the Credit Services industry, which is above the industry midpoint. Overall, EarlyPay has a GF Score™ of 21/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does EarlyPay's EV-to-EBITDA compare to V and MA?
According to the Credit Services industry distribution chart, EarlyPay ranks #95 out of 326 companies for EV-to-EBITDA. This puts EarlyPay in the upper half of its industry. The industry median EV-to-EBITDA is 22.23. EarlyPay's value of 11.44 is 48.5% below this benchmark. Historically, EarlyPay's own EV-to-EBITDA has ranged from 9.42 to 29.56 over the past decade. While the company's 10-year median is 16.71 vs. the industry median of 22.23, EarlyPay has consistently been below 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-EBITDA for a Credit Services company?
The median EV-to-EBITDA among Credit Services companies is 22.23, based on 326 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. EarlyPay's current EV-to-EBITDA of 11.44 is 48.5% below 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-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 EarlyPay. For the Credit Services industry, the median EV-to-EBITDA is 22.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EarlyPay's current EV-to-EBITDA is 11.44, which is 32% below median its own 10-year median of 16.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EarlyPay stock overvalued right now?
Based on GuruFocus' analysis, EarlyPay (ASX:EPY) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.46, compared to a current price of A$0.12 — trading 73.9% below its estimated fair value. The current EV-to-EBITDA is 11.44, which is 32% below median its 10-year median of 16.71 and 48.5% below the Credit Services industry median of 22.23. EarlyPay's overall GF Score™ is 21/100 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-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For EarlyPay (ASX:EPY), the current EV-to-EBITDA is 11.44 as of Jul. 27, 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 EarlyPay (ASX:EPY) Overvalued in 2026?
Based on GuruFocus' analysis, EarlyPay stock appears to be undervalued.
The current stock price of A$0.12 is trading 73.9% below its estimated GF Value™ of A$0.46.
GuruFocus considers EarlyPay to be Possible Value Trap.
Key valuation signals for ASX:EPY:
EV-to-EBITDA: 11.44 (32% below median its 10-year median of 16.71)
GF Value™: A$0.46 vs. price of A$0.12 (73.9% below fair value)
Industry Position: 48.5% below the Credit Services median (#95 of 326)
No single metric tells the full story. See the ASX:EPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EarlyPay Ltd is engaged in providing tailored financing solutions to businesses of all shapes and sizes. It is a line of credit financing for businesses in Australia. It is involved in various business activities namely Invoice Finance, and Equipment Finance. It generates the majority of its revenue from the Invoice finance segment.
21GF Score
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