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Focus MineralsASX:FML +0.62%58 EV-to-EBITDA is 2.28 as of Jul. 15, 2026, which is 40% below its 10-year median of 3.80. GuruFocus rates ASX:FML with a GF Score™ of 58/100 and a GF Value™ of A$1.82 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 688 Metals & Mining companies, Focus Minerals ranks better than 90.41% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Focus Minerals's enterprise value is A$309.0 Mil.
Focus Minerals's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$135.6 Mil. Therefore, Focus Minerals's EV-to-EBITDA for today is 2.28.
The historical rank and industry rank for Focus Minerals's EV-to-EBITDA or its related term are showing as below:
ASX:FML'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -62.18 Med: 3.8 Max: 80.29
Current: 2.28
During the past 13 years, the highest EV-to-EBITDA of Focus Minerals was 80.29. The lowest was -62.18. And the median was 3.80.
ASX:FML's EV-to-EBITDA is ranked better than 90.41% of 688
companies
in the Metals & Mining industry
Industry Median: 9.73
vs ASX:FML: 2.28
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).
Focus Minerals (ASX:FML) 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.
Focus Minerals's PE Ratio (TTM) for today is calculated as:
Focus Minerals's share price for today is A$1.62.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Focus Minerals's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.951.
* 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 Focus Minerals'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 Gold subindustry, Focus Minerals'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.
Focus Minerals EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Focus Minerals's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Focus Minerals's EV-to-EBITDA falls into.
Focus Minerals's current Enterprise Value is A$309.0 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Focus Minerals's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$135.6 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.
Focus Minerals (ASX:FML) has a EV-to-EBITDA of 2.28 as of Jul. 15, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Focus Minerals. This is 40% below median its historical median of 3.80. According to the industry distribution chart, Focus Minerals ranks #66 out of 688 companies in the Metals & Mining industry, placing it in the top 9.6%.
Is Focus Minerals' EV-to-EBITDA too high?
Focus Minerals' current EV-to-EBITDA of 2.28 is 40% below median its 10-year median of 3.80. The Metals & Mining industry median EV-to-EBITDA is 9.73. Focus Minerals' value of 2.28 is 76.6% below this industry median. Based on the distribution chart, Focus Minerals ranks #66 out of 688 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Focus Minerals has a GF Score™ of 58/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Focus Minerals' EV-to-EBITDA compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Focus Minerals ranks #66 out of 688 companies for EV-to-EBITDA. This places Focus Minerals in the top 10% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 9.73. Focus Minerals' value of 2.28 is 76.6% below this benchmark. While the company's 10-year median is 3.80 vs. the industry median of 9.73, Focus Minerals 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 Metals & Mining company?
The median EV-to-EBITDA among Metals & Mining companies is 9.73, based on 688 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. Focus Minerals's current EV-to-EBITDA of 2.28 is 76.6% 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 Focus Minerals. For the Metals & Mining industry, the median EV-to-EBITDA is 9.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Focus Minerals's current EV-to-EBITDA is 2.28, which is 40% below median its own 10-year median of 3.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Focus Minerals stock overvalued right now?
Based on GuruFocus' analysis, Focus Minerals (ASX:FML) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.82, compared to a current price of A$1.62 — trading 11% below its estimated fair value. The current EV-to-EBITDA is 2.28, which is 40% below median its 10-year median of 3.80 and 76.6% below the Metals & Mining industry median of 9.73. Focus Minerals' overall GF Score™ is 58/100 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 Focus Minerals (ASX:FML), the current EV-to-EBITDA is 2.28 as of Jul. 15, 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 Focus Minerals (ASX:FML) Overvalued in 2026?
Based on GuruFocus' analysis, Focus Minerals stock appears to be undervalued.
The current stock price of A$1.62 is trading 11% below its estimated GF Value™ of A$1.82.
GuruFocus considers Focus Minerals to be Modestly Undervalued.
Key valuation signals for ASX:FML:
EV-to-EBITDA: 2.28 (40% below median its 10-year median of 3.80)
GF Value™: A$1.82 vs. price of A$1.62 (11% below fair value)
Industry Position: 76.6% below the Metals & Mining median (#66 of 688)
No single metric tells the full story. See the ASX:FML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Focus Minerals Ltd is engaged in gold exploration and production in Western Australia. The company's projects include Three Mile Hill Processing plant, Varischetti Village, and Coolgardie Gold Project which generates key revenue.
58GF Score
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