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Vulcan SteelASX:VSL -0.98%50 EV-to-EBITDA is 10.72 as of Jul. 18, 2026, which is 16% above its 10-year median of 9.23. GuruFocus rates ASX:VSL with a GF Score™ of 50/100 and a GF Value™ of A$6.30 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 528 Steel companies, Vulcan Steel ranks worse than 54.17% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Vulcan Steel's enterprise value is A$1,210.9 Mil.
Vulcan Steel's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$113.0 Mil. Therefore, Vulcan Steel's EV-to-EBITDA for today is 10.72.
The historical rank and industry rank for Vulcan Steel's EV-to-EBITDA or its related term are showing as below:
ASX:VSL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.47 Med: 9.23 Max: 13.09
Current: 10.73
During the past 4 years, the highest EV-to-EBITDA of Vulcan Steel was 13.09. The lowest was 6.47. And the median was 9.23.
ASX:VSL's EV-to-EBITDA is ranked worse than 54.17% of 528
companies
in the Steel industry
Industry Median: 10.04
vs ASX:VSL: 10.73
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).
Vulcan Steel (ASX:VSL) 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.
Vulcan Steel's PE Ratio (TTM) for today is calculated as:
Vulcan Steel's share price for today is A$5.07.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vulcan Steel's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.097.
* 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 Vulcan Steel'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 Steel subindustry, Vulcan Steel'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.
Vulcan Steel EV-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, Vulcan Steel's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Vulcan Steel's EV-to-EBITDA falls into.
Vulcan Steel's current Enterprise Value is A$1,210.9 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Vulcan Steel's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was A$113.0 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.
Vulcan Steel (ASX:VSL) has a EV-to-EBITDA of 10.72 as of Jul. 18, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Vulcan Steel. This is 16% above median its historical median of 9.23. Over the past decade, Vulcan Steel's EV-to-EBITDA has ranged from 6.47 to 13.09. According to the industry distribution chart, Vulcan Steel ranks #286 out of 528 companies in the Steel industry, placing it in the top 54.2%.
Is Vulcan Steel's EV-to-EBITDA too high?
Vulcan Steel's current EV-to-EBITDA of 10.72 is 16% above median its 10-year median of 9.23. Over the past 10 years, this metric has ranged from a low of 6.47 to a high of 13.09. The Steel industry median EV-to-EBITDA is 10.04. Vulcan Steel's value of 10.72 is 6.8% above this industry median. Based on the distribution chart, Vulcan Steel ranks #286 out of 528 companies in the Steel industry, which is below the industry midpoint. Overall, Vulcan Steel has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcan Steel's EV-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Vulcan Steel ranks #286 out of 528 companies for EV-to-EBITDA. This places Vulcan Steel in the lower half of its industry. The industry median EV-to-EBITDA is 10.04. Vulcan Steel's value of 10.72 is 6.8% above this benchmark. Historically, Vulcan Steel's own EV-to-EBITDA has ranged from 6.47 to 13.09 over the past decade. While the company's 10-year median is 9.23 vs. the industry median of 10.04, Vulcan Steel 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 Steel company?
The median EV-to-EBITDA among Steel companies is 10.04, based on 528 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. Vulcan Steel's current EV-to-EBITDA of 10.72 is 6.8% 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 Vulcan Steel. For the Steel industry, the median EV-to-EBITDA is 10.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcan Steel's current EV-to-EBITDA is 10.72, which is 16% above median its own 10-year median of 9.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcan Steel stock overvalued right now?
Based on GuruFocus' analysis, Vulcan Steel (ASX:VSL) is currently considered Modestly Undervalued. The stock's GF Value™ is A$6.30, compared to a current price of A$5.07 — trading 19.5% below its estimated fair value. The current EV-to-EBITDA is 10.72, which is 16% above median its 10-year median of 9.23 and 6.8% above the Steel industry median of 10.04. Vulcan Steel's overall GF Score™ is 50/100 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 Vulcan Steel (ASX:VSL), the current EV-to-EBITDA is 10.72 as of Jul. 18, 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 Vulcan Steel (ASX:VSL) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcan Steel stock appears to be undervalued.
The current stock price of A$5.07 is trading 19.5% below its estimated GF Value™ of A$6.30.
GuruFocus considers Vulcan Steel to be Modestly Undervalued.
Key valuation signals for ASX:VSL:
EV-to-EBITDA: 10.72 (16% above median its 10-year median of 9.23)
GF Value™: A$6.30 vs. price of A$5.07 (19.5% below fair value)
Industry Position: 6.8% above the Steel median (#286 of 528)
No single metric tells the full story. See the ASX:VSL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, the Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New Zealand, which includes Stainless Steel, Engineering Steel, and Aluminium.
50GF Score
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