Western Marine Shipyard (DHA:WMSHIPYARD) EV-to-EBITDA: 32.61 (As of Aug. 20, 2026) — 12% Above Median

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.

DHA:WMSHIPYARD Western Marine Shipyard Ltd DHA:WMSHIPYARD
71 GF Score
Price BDT9.80
GF Value BDT13.09
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Western Marine Shipyard EV-to-EBITDA?

Western Marine Shipyard DHA:WMSHIPYARD 71 EV-to-EBITDA is 32.61 as of Aug. 20, 2026, which is 12% above its 10-year median of 29.08. GuruFocus rates DHA:WMSHIPYARD with a GF Score™ of 71/100 and a GF Value™ of BDT13.09 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 267 Aerospace & Defense companies, Western Marine Shipyard ranks worse than 68.54% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Western Marine Shipyard's enterprise value is BDT25,840.6 Mil. Western Marine Shipyard's EBITDA for the trailing twelve months (TTM) ended in Jun. 2025 was BDT792.5 Mil. Therefore, Western Marine Shipyard's EV-to-EBITDA for today is 32.61.

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

DHA:WMSHIPYARD' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.08   Med: 29.08   Max: 33.39
Current: 32.61

During the past 11 years, the highest EV-to-EBITDA of Western Marine Shipyard was 33.39. The lowest was 9.08. And the median was 29.08.

DHA:WMSHIPYARD's EV-to-EBITDA is ranked worse than
68.54% of 267 companies
in the Aerospace & Defense industry
Industry Median: 21.88 vs DHA:WMSHIPYARD: 32.61

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 (2026-08-20), Western Marine Shipyard's stock price is BDT9.80. Western Marine Shipyard's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2025 was BDT-0.020. Therefore, Western Marine Shipyard'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).


Western Marine Shipyard  (DHA:WMSHIPYARD) 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.

Western Marine Shipyard's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=9.80/-0.020
=At Loss

Western Marine Shipyard's share price for today is BDT9.80.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Western Marine Shipyard's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2025 was BDT-0.020.

* 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?


Western Marine Shipyard EV-to-EBITDA Related Terms


Western Marine Shipyard EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Western Marine Shipyard'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.

Western Marine Shipyard EV-to-EBITDA Chart

Western Marine Shipyard Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.63 30.87 31.70 31.85 32.13

Western Marine Shipyard Semi-Annual Data
Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 29.63 30.87 31.70 31.85 32.13

DHA:WMSHIPYARD vs SPCX, GE, RTX: EV-to-EBITDA Comparison

For the Aerospace & Defense subindustry, Western Marine Shipyard'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.


Western Marine Shipyard EV-to-EBITDA vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Western Marine Shipyard's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Western Marine Shipyard's EV-to-EBITDA falls into.


DHA:WMSHIPYARD
71GF Score
Western Marine Shipyard Ltd DHA:WMSHIPYARD
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Marine Shipyard EV-to-EBITDA Calculation

Western Marine Shipyard's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=25840.620/792.504
=32.61

Western Marine Shipyard's current Enterprise Value is BDT25,840.6 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Western Marine Shipyard's EBITDA for the trailing twelve months (TTM) ended in Jun. 2025 was BDT792.5 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 32.61 mean?
Western Marine Shipyard (DHA:WMSHIPYARD) has a EV-to-EBITDA of 32.61 as of Aug. 20, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Western Marine Shipyard. This is 12% above median its historical median of 29.08. Over the past decade, Western Marine Shipyard's EV-to-EBITDA has ranged from 9.08 to 33.39. According to the industry distribution chart, Western Marine Shipyard ranks #183 out of 267 companies in the Aerospace & Defense industry, placing it in the top 68.5%.
Is Western Marine Shipyard's EV-to-EBITDA too high?
Western Marine Shipyard's current EV-to-EBITDA of 32.61 is 12% above median its 10-year median of 29.08. Over the past 10 years, this metric has ranged from a low of 9.08 to a high of 33.39. The Aerospace & Defense industry median EV-to-EBITDA is 21.88. Western Marine Shipyard's value of 32.61 is 49% above this industry median. Based on the distribution chart, Western Marine Shipyard ranks #183 out of 267 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Western Marine Shipyard has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Marine Shipyard's EV-to-EBITDA compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Western Marine Shipyard ranks #183 out of 267 companies for EV-to-EBITDA. This places Western Marine Shipyard in the lower half of its industry. The industry median EV-to-EBITDA is 21.88. Western Marine Shipyard's value of 32.61 is 49% above this benchmark. Historically, Western Marine Shipyard's own EV-to-EBITDA has ranged from 9.08 to 33.39 over the past decade. While the company's 10-year median is 29.08 vs. the industry median of 21.88, Western Marine Shipyard 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 an Aerospace & Defense company?
The median EV-to-EBITDA among Aerospace & Defense companies is 21.88, based on 267 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. Western Marine Shipyard's current EV-to-EBITDA of 32.61 is 49% 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 Western Marine Shipyard. For the Aerospace & Defense industry, the median EV-to-EBITDA is 21.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Marine Shipyard's current EV-to-EBITDA is 32.61, which is 12% above median its own 10-year median of 29.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Marine Shipyard stock overvalued right now?
Based on GuruFocus' analysis, Western Marine Shipyard (DHA:WMSHIPYARD) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT13.09, compared to a current price of BDT9.80 — trading 25.1% below its estimated fair value. The current EV-to-EBITDA is 32.61, which is 12% above median its 10-year median of 29.08 and 49% above the Aerospace & Defense industry median of 21.88. Western Marine Shipyard's overall GF Score™ is 71/100 with 8 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 Western Marine Shipyard (DHA:WMSHIPYARD), the current EV-to-EBITDA is 32.61 as of Aug. 20, 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 Western Marine Shipyard (DHA:WMSHIPYARD) Overvalued in 2026?

Based on GuruFocus' analysis, Western Marine Shipyard stock appears to be undervalued. The current stock price of BDT9.80 is trading 25.1% below its estimated GF Value™ of BDT13.09. GuruFocus considers Western Marine Shipyard to be Modestly Undervalued.

Key valuation signals for DHA:WMSHIPYARD:

  • EV-to-EBITDA: 32.61 (12% above median its 10-year median of 29.08)
  • GF Value™: BDT13.09 vs. price of BDT9.80 (25.1% below fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 49% above the Aerospace & Defense median (#183 of 267)

No single metric tells the full story. See the DHA:WMSHIPYARD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Western Marine Shipyard Business Description

Address 1140/A-8 Strand Road, Amin Future Park, 7th Floor, Chattogram, BGD
Western Marine Shipyard Ltd is a public limited company engaged in shipbuilding and related marine engineering activities and operates as an export-oriented shipyard in Bangladesh. The Company specializes in the construction of various vessels, including multi-purpose cargo ships, inland container vessels, inland tankers, passenger ships, Ro-Ro ferries, port utility vessels, tugs, offshore petroleum vessels, fishing trawlers, barges, dredgers, and landing crafts. Its activities mainly comprise new shipbuilding for domestic use and for export markets, supported by in-house ship design facilities and shipyard operations. The Company operates in Bangladesh and has exported vessels to countries such as Germany, Norway, Ecuador, New Zealand, and Kenya, as well as serving domestic clients.
71GF Score

Get the complete analysis for DHA:WMSHIPYARD

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT9.80
Price
BDT13.09
GF Value