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Stepchange HoldingsASX:STH 17 EV-to-EBITDA is 23.68 as of Jul. 22, 2026. GuruFocus rates ASX:STH with a GF Score™ of 17/100. The stock has 1 warning sign investors should review. Among 1,959 Software companies, Stepchange Holdings ranks worse than 74.78% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Stepchange Holdings's enterprise value is A$13.90 Mil.
Stepchange Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.59 Mil. Therefore, Stepchange Holdings's EV-to-EBITDA for today is 23.68.
The historical rank and industry rank for Stepchange Holdings's EV-to-EBITDA or its related term are showing as below:
ASX:STH'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0 Max: 25.09
Current: 23.69
During the past 2 years, the highest EV-to-EBITDA of Stepchange Holdings was 25.09. The lowest was 0.00. And the median was 0.00.
ASX:STH's EV-to-EBITDA is ranked worse than 74.78% of 1959
companies
in the Software industry
Industry Median: 10.46
vs ASX:STH: 23.69
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.
Stepchange Holdings's PE Ratio (TTM) for today is calculated as:
Stepchange Holdings's share price for today is A$0.115.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Stepchange Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.003.
* 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 Stepchange Holdings'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.
ASX:STH vs UBER, SHOP, CRM: EV-to-EBITDA Comparison
For the Software - Application subindustry, Stepchange Holdings'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.
Stepchange Holdings EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Stepchange Holdings's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Stepchange Holdings's EV-to-EBITDA falls into.
Stepchange Holdings's current Enterprise Value is A$13.90 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Stepchange Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.59 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.
Stepchange Holdings (ASX:STH) has a EV-to-EBITDA of 23.68 as of Jul. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Stepchange Holdings. According to the industry distribution chart, Stepchange Holdings ranks #1465 out of 1959 companies in the Software industry, placing it in the top 74.8%.
Is Stepchange Holdings' EV-to-EBITDA too high?
Stepchange Holdings' current EV-to-EBITDA is 23.68. The Software industry median EV-to-EBITDA is 10.46. Stepchange Holdings' value of 23.68 is 126.4% above this industry median. Based on the distribution chart, Stepchange Holdings ranks #1465 out of 1959 companies in the Software industry, which is below the industry midpoint. Overall, Stepchange Holdings has a GF Score™ of 17/100, reflecting its overall financial health beyond just this single metric.
How does Stepchange Holdings' EV-to-EBITDA compare to UBER and SHOP?
According to the Software industry distribution chart, Stepchange Holdings ranks #1465 out of 1959 companies for EV-to-EBITDA. This places Stepchange Holdings in the lower half of its industry. The industry median EV-to-EBITDA is 10.46. Stepchange Holdings' value of 23.68 is 126.4% above this benchmark. 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 Software company?
The median EV-to-EBITDA among Software companies is 10.46, based on 1,959 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. Stepchange Holdings's current EV-to-EBITDA of 23.68 is 126.4% 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 Stepchange Holdings. For the Software industry, the median EV-to-EBITDA is 10.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stepchange Holdings's current EV-to-EBITDA is 23.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stepchange Holdings stock overvalued right now?
Stepchange Holdings (ASX:STH) has a current EV-to-EBITDA of 23.68. The current EV-to-EBITDA is 23.68 and 126.4% above the Software industry median of 10.46. Stepchange Holdings' overall GF Score™ is 17/100 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 Stepchange Holdings (ASX:STH), the current EV-to-EBITDA is 23.68 as of Jul. 22, 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.
Stepchange Holdings Ltd is engaged in providing software services. It delivers end-to-end SAP ERP and digital transformation service. Its services include: Strategic Alignment and Execution; Program and Project Management; Change Management; and Business Analysis.
17GF Score
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