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The LotteryASX:TLC -0.72%62 EV-to-EBITDA is 18.75 as of Jul. 23, 2026, which is 2% below its 10-year median of 19.23. GuruFocus rates ASX:TLC with a GF Score™ of 62/100 and a GF Value™ of A$5.24 (Fairly Valued). The stock has 5 warning signs investors should review. Among 691 Travel & Leisure companies, The Lottery ranks worse than 76.7% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, The Lottery's enterprise value is A$14,252 Mil.
The Lottery's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$760 Mil. Therefore, The Lottery's EV-to-EBITDA for today is 18.75.
The historical rank and industry rank for The Lottery's EV-to-EBITDA or its related term are showing as below:
ASX:TLC'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 15.9 Med: 19.23 Max: 25.91
Current: 18.75
During the past 4 years, the highest EV-to-EBITDA of The Lottery was 25.91. The lowest was 15.90. And the median was 19.23.
ASX:TLC's EV-to-EBITDA is ranked worse than 76.7% of 691
companies
in the Travel & Leisure industry
Industry Median: 9.67
vs ASX:TLC: 18.75
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).
The Lottery (ASX:TLC) 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.
The Lottery's PE Ratio (TTM) for today is calculated as:
The Lottery's share price for today is A$5.49.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. The Lottery's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.163.
* 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 The Lottery'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:TLC vs FLUT, DKNG, SGHC: EV-to-EBITDA Comparison
For the Gambling subindustry, The Lottery'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.
The Lottery EV-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, The Lottery's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where The Lottery's EV-to-EBITDA falls into.
The Lottery's current Enterprise Value is A$14,252 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. The Lottery's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$760 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.
The Lottery (ASX:TLC) has a EV-to-EBITDA of 18.75 as of Jul. 23, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on The Lottery. This is near median its historical median of 19.23. Over the past decade, The Lottery's EV-to-EBITDA has ranged from 15.90 to 25.91. According to the industry distribution chart, The Lottery ranks #530 out of 691 companies in the Travel & Leisure industry, placing it in the top 76.7%.
Is The Lottery's EV-to-EBITDA too high?
The Lottery's current EV-to-EBITDA of 18.75 is near median its 10-year median of 19.23. Over the past 10 years, this metric has ranged from a low of 15.90 to a high of 25.91. The Travel & Leisure industry median EV-to-EBITDA is 9.67. The Lottery's value of 18.75 is 93.9% above this industry median. Based on the distribution chart, The Lottery ranks #530 out of 691 companies in the Travel & Leisure industry, which is in the bottom quartile relative to peers. Overall, The Lottery has a GF Score™ of 62/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Lottery's EV-to-EBITDA compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, The Lottery ranks #530 out of 691 companies for EV-to-EBITDA. This places The Lottery in the lower half of its industry. The industry median EV-to-EBITDA is 9.67. The Lottery's value of 18.75 is 93.9% above this benchmark. Historically, The Lottery's own EV-to-EBITDA has ranged from 15.90 to 25.91 over the past decade. While the company's 10-year median is 19.23 vs. the industry median of 9.67, The Lottery 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 Travel & Leisure company?
The median EV-to-EBITDA among Travel & Leisure companies is 9.67, based on 691 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. The Lottery's current EV-to-EBITDA of 18.75 is 93.9% 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 The Lottery. For the Travel & Leisure industry, the median EV-to-EBITDA is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Lottery's current EV-to-EBITDA is 18.75, which is near median its own 10-year median of 19.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lottery stock overvalued right now?
Based on GuruFocus' analysis, The Lottery (ASX:TLC) is currently considered Fairly Valued. The stock's GF Value™ is A$5.24, compared to a current price of A$5.49 — trading 4.8% above its estimated fair value. The current EV-to-EBITDA is 18.75, which is near median its 10-year median of 19.23 and 93.9% above the Travel & Leisure industry median of 9.67. The Lottery's overall GF Score™ is 62/100 with 5 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 The Lottery (ASX:TLC), the current EV-to-EBITDA is 18.75 as of Jul. 23, 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 The Lottery (ASX:TLC) Overvalued in 2026?
Based on GuruFocus' analysis, The Lottery stock appears to be overvalued.
The current stock price of A$5.49 is trading 4.8% above its estimated GF Value™ of A$5.24.
GuruFocus considers The Lottery to be Fairly Valued.
Key valuation signals for ASX:TLC:
EV-to-EBITDA: 18.75 (near median its 10-year median of 19.23)
GF Value™: A$5.24 vs. price of A$5.49 (4.8% above fair value)
Industry Position: 93.9% above the Travel & Leisure median (#530 of 691)
No single metric tells the full story. See the ASX:TLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Lottery Corporation is Australia's largest provider of lottery, keno, and instant-scratch products, with long-dated and/or exclusive licenses for the lottery in all Australian states and territories except Western Australia, and in most states and territories for keno. Lottery Corp has a distribution network of more than 3,800 franchised retailers that sell instant-scratch and lottery products through vendors such as newsstands, gas stations, pharmacies, and convenience stores, as well as online sales. Keno is sold in over 3,400 bars and clubs.
62GF Score
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