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Nickel IndustriesASX:NIC 57 EV-to-EBITDA is 14.38 as of Aug. 03, 2026, which is 73% above its 10-year median of 8.32. GuruFocus rates ASX:NIC with a GF Score™ of 57/100 and a GF Value™ of A$0.70 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 693 Metals & Mining companies, Nickel Industries ranks worse than 63.92% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Nickel Industries's enterprise value is A$5,461 Mil.
Nickel Industries's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$380 Mil. Therefore, Nickel Industries's EV-to-EBITDA for today is 14.38.
The historical rank and industry rank for Nickel Industries's EV-to-EBITDA or its related term are showing as below:
ASX:NIC'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -172.36 Med: 8.32 Max: 57.57
Current: 14.38
During the past 8 years, the highest EV-to-EBITDA of Nickel Industries was 57.57. The lowest was -172.36. And the median was 8.32.
ASX:NIC's EV-to-EBITDA is ranked worse than 63.92% of 693
companies
in the Metals & Mining industry
Industry Median: 10.11
vs ASX:NIC: 14.38
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.
Nickel Industries's PE Ratio (TTM) for today is calculated as:
Nickel Industries's share price for today is A$0.815.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nickel Industries's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-0.020.
* 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 Nickel Industries'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 Other Industrial Metals & Mining subindustry, Nickel Industries'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.
Nickel Industries EV-to-EBITDA vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Nickel Industries's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Nickel Industries's EV-to-EBITDA falls into.
Nickel Industries's current Enterprise Value is A$5,461 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Nickel Industries's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$380 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.
Nickel Industries (ASX:NIC) has a EV-to-EBITDA of 14.38 as of Aug. 03, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Nickel Industries. This is 73% above median its historical median of 8.32. According to the industry distribution chart, Nickel Industries ranks #443 out of 693 companies in the Metals & Mining industry, placing it in the top 63.9%.
Is Nickel Industries' EV-to-EBITDA too high?
Nickel Industries' current EV-to-EBITDA of 14.38 is 73% above median its 10-year median of 8.32. The Metals & Mining industry median EV-to-EBITDA is 10.11. Nickel Industries' value of 14.38 is 42.2% above this industry median. Based on the distribution chart, Nickel Industries ranks #443 out of 693 companies in the Metals & Mining industry, which is below the industry midpoint. Overall, Nickel Industries has a GF Score™ of 57/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nickel Industries' EV-to-EBITDA compare to competitors?
According to the Metals & Mining industry distribution chart, Nickel Industries ranks #443 out of 693 companies for EV-to-EBITDA. This places Nickel Industries in the lower half of its industry. The industry median EV-to-EBITDA is 10.11. Nickel Industries' value of 14.38 is 42.2% above this benchmark. While the company's 10-year median is 8.32 vs. the industry median of 10.11, Nickel Industries 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-EBITDA for a Metals & Mining company?
The median EV-to-EBITDA among Metals & Mining companies is 10.11, based on 693 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. Nickel Industries's current EV-to-EBITDA of 14.38 is 42.2% 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-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 Nickel Industries. For the Metals & Mining industry, the median EV-to-EBITDA is 10.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nickel Industries's current EV-to-EBITDA is 14.38, which is 73% above median its own 10-year median of 8.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nickel Industries stock overvalued right now?
Based on GuruFocus' analysis, Nickel Industries (ASX:NIC) is currently considered Modestly Overvalued. The stock's GF Value™ is A$0.70, compared to a current price of A$0.82 — trading 16.4% above its estimated fair value. The current EV-to-EBITDA is 14.38, which is 73% above median its 10-year median of 8.32 and 42.2% above the Metals & Mining industry median of 10.11. Nickel Industries' overall GF Score™ is 57/100 with 10 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 Nickel Industries (ASX:NIC), the current EV-to-EBITDA is 14.38 as of Aug. 03, 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 Nickel Industries (ASX:NIC) Overvalued in 2026?
Based on GuruFocus' analysis, Nickel Industries stock appears to be overvalued.
The current stock price of A$0.82 is trading 16.4% above its estimated GF Value™ of A$0.70.
GuruFocus considers Nickel Industries to be Modestly Overvalued.
Key valuation signals for ASX:NIC:
EV-to-EBITDA: 14.38 (73% above median its 10-year median of 8.32)
GF Value™: A$0.70 vs. price of A$0.82 (16.4% above fair value)
Industry Position: 42.2% above the Metals & Mining median (#443 of 693)
No single metric tells the full story. See the ASX:NIC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nickel Industries Ltd is engaged in acquiring, exploring, and developing nickel projects. The group has three segments: nickel ore mining in Indonesia, the RKEF projects in Indonesia and Singapore, and the HPAL projects in Indonesia. Its principal operations, located in Indonesia, are the Hengjaya Nickel, Oracle Nickel, and RKEF projects located within the Indonesia Morowali Industrial Park (IMIP), the Angel Nickel RKEF Project within the Indonesia Weda Bay Industrial Park (IWIP), and the Hengjaya Mine, a large tonnage, high grade nickel laterite deposit in proximity to the IMIP.
57GF Score
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