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Step One ClothingASX:STP -3.85%28 EV-to-EBITDA is 0.19 as of Sep. 02, 2026, which is 95% below its 10-year median of 3.55. GuruFocus rates ASX:STP with a GF Score™ of 28/100 and a GF Value™ of A$0.62 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 956 Retail - Cyclical companies, Step One Clothing ranks better than 96.86% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Step One Clothing's enterprise value is A$-1.31 Mil.
Step One Clothing's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was A$-7.01 Mil. Therefore, Step One Clothing's EV-to-EBITDA for today is 0.19.
The historical rank and industry rank for Step One Clothing's EV-to-EBITDA or its related term are showing as below:
ASX:STP'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -762.9 Med: 3.55 Max: 28.05
Current: 0.18
During the past 6 years, the highest EV-to-EBITDA of Step One Clothing was 28.05. The lowest was -762.90. And the median was 3.55.
ASX:STP's EV-to-EBITDA is ranked better than 96.86% of 956
companies
in the Retail - Cyclical industry
Industry Median: 8.69
vs ASX:STP: 0.18
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.
Step One Clothing (ASX:STP) 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.
Step One Clothing's PE Ratio (TTM) for today is calculated as:
Step One Clothing's share price for today is A$0.125.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Step One Clothing's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was A$-0.035.
* 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 Step One Clothing'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:STP vs TJX, ROST, BURL: EV-to-EBITDA Comparison
For the Apparel Retail subindustry, Step One Clothing'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.
Step One Clothing EV-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Step One Clothing's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Step One Clothing's EV-to-EBITDA falls into.
Step One Clothing's current Enterprise Value is A$-1.31 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Step One Clothing's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was A$-7.01 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.
Step One Clothing (ASX:STP) has a EV-to-EBITDA of 0.19 as of Sep. 02, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Step One Clothing. This is 95% below median its historical median of 3.55. According to the industry distribution chart, Step One Clothing ranks #30 out of 956 companies in the Retail - Cyclical industry, placing it in the top 3.1%.
Is Step One Clothing's EV-to-EBITDA too high?
Step One Clothing's current EV-to-EBITDA of 0.19 is 95% below median its 10-year median of 3.55. The Retail - Cyclical industry median EV-to-EBITDA is 8.69. Step One Clothing's value of 0.19 is 97.8% below this industry median. Based on the distribution chart, Step One Clothing ranks #30 out of 956 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Step One Clothing has a GF Score™ of 28/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Step One Clothing's EV-to-EBITDA compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Step One Clothing ranks #30 out of 956 companies for EV-to-EBITDA. This places Step One Clothing in the top 3% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 8.69. Step One Clothing's value of 0.19 is 97.8% below this benchmark. While the company's 10-year median is 3.55 vs. the industry median of 8.69, Step One Clothing 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 Retail - Cyclical company?
The median EV-to-EBITDA among Retail - Cyclical companies is 8.69, based on 956 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. Step One Clothing's current EV-to-EBITDA of 0.19 is 97.8% 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 Step One Clothing. For the Retail - Cyclical industry, the median EV-to-EBITDA is 8.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Step One Clothing's current EV-to-EBITDA is 0.19, which is 95% below median its own 10-year median of 3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step One Clothing stock overvalued right now?
Based on GuruFocus' analysis, Step One Clothing (ASX:STP) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.62, compared to a current price of A$0.13 — trading 79.8% below its estimated fair value. The current EV-to-EBITDA is 0.19, which is 95% below median its 10-year median of 3.55 and 97.8% below the Retail - Cyclical industry median of 8.69. Step One Clothing's overall GF Score™ is 28/100 with 3 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 Step One Clothing (ASX:STP), the current EV-to-EBITDA is 0.19 as of Sep. 02, 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 Step One Clothing (ASX:STP) Overvalued in 2026?
Based on GuruFocus' analysis, Step One Clothing stock appears to be undervalued.
The current stock price of A$0.13 is trading 79.8% below its estimated GF Value™ of A$0.62.
GuruFocus considers Step One Clothing to be Possible Value Trap.
Key valuation signals for ASX:STP:
EV-to-EBITDA: 0.19 (95% below median its 10-year median of 3.55)
GF Value™: A$0.62 vs. price of A$0.13 (79.8% below fair value)
Industry Position: 97.8% below the Retail - Cyclical median (#30 of 956)
No single metric tells the full story. See the ASX:STP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. Its group is organized into three operating segments, being online retail sales for Australia, the United Kingdom, and the United States of America, however, these segments are aggregated into one reportable segment.
28GF Score
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