Rubicon Water (ASX:RWL) EV-to-EBITDA: -3.32 (As of Jul. 25, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

What is Rubicon Water EV-to-EBITDA?

Rubicon Water ASX:RWL -4.92% EV-to-EBITDA is -3.32 as of Jul. 25, 2026. The stock has 2 warning signs investors should review. Among 468 Utilities - Regulated companies, Rubicon Water ranks worse than 213675% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Rubicon Water's enterprise value is A$36.79 Mil. Rubicon Water's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$-11.09 Mil. Therefore, Rubicon Water's EV-to-EBITDA for today is -3.32.

The historical rank and industry rank for Rubicon Water's EV-to-EBITDA or its related term are showing as below:

ASX:RWL' s EV-to-EBITDA Range Over the Past 10 Years
Min: -15.56   Med: -11.31   Max: 101.79
Current: -3.31

During the past 4 years, the highest EV-to-EBITDA of Rubicon Water was 101.79. The lowest was -15.56. And the median was -11.31.

ASX:RWL's EV-to-EBITDA is ranked worse than
100% of 468 companies
in the Utilities - Regulated industry
Industry Median: 9.945 vs ASX:RWL: -3.31

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 (2026-07-25), Rubicon Water's stock price is A$0.058. Rubicon Water's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-0.050. Therefore, Rubicon Water's PE Ratio (TTM) for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Rubicon Water  (ASX:RWL) 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.

Rubicon Water's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.058/-0.050
=At Loss

Rubicon Water's share price for today is A$0.058.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Rubicon Water's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$-0.050.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


Rubicon Water EV-to-EBITDA Related Terms


Rubicon Water EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Rubicon Water'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.

Rubicon Water EV-to-EBITDA Chart

Rubicon Water Annual Data
Trend Jun22 Jun23 Jun24 Jun25
EV-to-EBITDA
86.92 -15.37 -13.30 -12.32

Rubicon Water Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -13.30 0.00 -12.32 0.00

ASX:RWL vs AWK, WTRG, AWR: EV-to-EBITDA Comparison

For the Utilities - Regulated Water subindustry, Rubicon Water'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.


Rubicon Water EV-to-EBITDA vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Rubicon Water's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Rubicon Water's EV-to-EBITDA falls into.



Rubicon Water EV-to-EBITDA Calculation

Rubicon Water's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=36.785/-11.091
=-3.32

Rubicon Water's current Enterprise Value is A$36.79 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Rubicon Water's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$-11.09 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of -3.32 mean?
Rubicon Water (ASX:RWL) has a EV-to-EBITDA of -3.32 as of Jul. 25, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Rubicon Water. According to the industry distribution chart, Rubicon Water ranks #999999 out of 468 companies in the Utilities - Regulated industry.
Is Rubicon Water's EV-to-EBITDA too high?
Rubicon Water's current EV-to-EBITDA is -3.32. Based on the distribution chart, Rubicon Water ranks #999999 out of 468 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers.
How does Rubicon Water's EV-to-EBITDA compare to AWK and WTRG?
According to the Utilities - Regulated industry distribution chart, Rubicon Water ranks #999999 out of 468 companies for EV-to-EBITDA. This places Rubicon Water in the lower half of its industry. The industry median EV-to-EBITDA is 9.95. 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 an Utilities - Regulated company?
The median EV-to-EBITDA among Utilities - Regulated companies is 9.95, based on 468 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 Rubicon Water. For the Utilities - Regulated industry, the median EV-to-EBITDA is 9.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Rubicon Water's current EV-to-EBITDA is -3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Rubicon Water stock overvalued right now?
Based on GuruFocus' analysis, Rubicon Water (ASX:RWL) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.30, compared to a current price of A$0.06 — trading 80.7% below its estimated fair value. The current EV-to-EBITDA is -3.32. 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 Rubicon Water (ASX:RWL), the current EV-to-EBITDA is -3.32 as of Jul. 25, 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.

Rubicon Water Business Description

Address 1 Cato Street, Hawthorn East, Melbourne, VIC, AUS, 3123
Rubicon Water Ltd is engaged in the water technology solutions business that designs, manufactures, installs, and maintains irrigation automation software and hardware. It generates revenue through sales of hardware, software, and services, as well as from ongoing maintenance of the installed end-to-end solution base.