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Are HoldingsFRA:A19 -4.50%91 EV-to-EBITDA is 11.35 as of Sep. 01, 2026, which is 1% above its 10-year median of 11.20. GuruFocus rates FRA:A19 with a GF Score™ of 91/100 and a GF Value™ of €20.14 (Fairly Valued). The stock has 8 warning signs investors should review. Among 178 Waste Management companies, Are Holdings ranks worse than 53.93% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Are Holdings's enterprise value is €2,801 Mil.
Are Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €247 Mil. Therefore, Are Holdings's EV-to-EBITDA for today is 11.35.
The historical rank and industry rank for Are Holdings's EV-to-EBITDA or its related term are showing as below:
FRA:A19'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 5.75 Med: 11.2 Max: 31.64
Current: 11.61
During the past 13 years, the highest EV-to-EBITDA of Are Holdings was 31.64. The lowest was 5.75. And the median was 11.20.
FRA:A19's EV-to-EBITDA is ranked worse than 53.93% of 178
companies
in the Waste Management industry
Industry Median: 10.4
vs FRA:A19: 11.61
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.
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.
Are Holdings's PE Ratio (TTM) for today is calculated as:
Are Holdings's share price for today is €21.20.
Are Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1.873.
* 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 Are 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.
For the Waste Management subindustry, Are 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.
Are Holdings EV-to-EBITDA vs Waste Management Industry
For the Waste Management industry and Industrials sector, Are Holdings's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Are Holdings's EV-to-EBITDA falls into.
Are Holdings's current Enterprise Value is €2,801 Mil.
Are Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €247 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.
Are Holdings (FRA:A19) has a EV-to-EBITDA of 11.35 as of Sep. 01, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Are Holdings. This is near median its historical median of 11.20. Over the past decade, Are Holdings' EV-to-EBITDA has ranged from 5.75 to 31.64. According to the industry distribution chart, Are Holdings ranks #96 out of 178 companies in the Waste Management industry, placing it in the top 53.9%.
Is Are Holdings' EV-to-EBITDA too high?
Are Holdings' current EV-to-EBITDA of 11.35 is near median its 10-year median of 11.20. Over the past 10 years, this metric has ranged from a low of 5.75 to a high of 31.64. The Waste Management industry median EV-to-EBITDA is 10.40. Are Holdings' value of 11.35 is 9.1% above this industry median. Based on the distribution chart, Are Holdings ranks #96 out of 178 companies in the Waste Management industry, which is below the industry midpoint. Overall, Are Holdings has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Are Holdings' EV-to-EBITDA compare to WM and RSG?
According to the Waste Management industry distribution chart, Are Holdings ranks #96 out of 178 companies for EV-to-EBITDA. This places Are Holdings in the lower half of its industry. The industry median EV-to-EBITDA is 10.40. Are Holdings' value of 11.35 is 9.1% above this benchmark. Historically, Are Holdings' own EV-to-EBITDA has ranged from 5.75 to 31.64 over the past decade. While the company's 10-year median is 11.20 vs. the industry median of 10.40, Are Holdings 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 Waste Management company?
The median EV-to-EBITDA among Waste Management companies is 10.40, based on 178 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. Are Holdings's current EV-to-EBITDA of 11.35 is 9.1% 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 Are Holdings. For the Waste Management industry, the median EV-to-EBITDA is 10.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Are Holdings's current EV-to-EBITDA is 11.35, which is near median its own 10-year median of 11.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Are Holdings stock overvalued right now?
Based on GuruFocus' analysis, Are Holdings (FRA:A19) is currently considered Fairly Valued. The stock's GF Value™ is €20.14, compared to a current price of €21.20 — trading 5.3% above its estimated fair value. The current EV-to-EBITDA is 11.35, which is near median its 10-year median of 11.20 and 9.1% above the Waste Management industry median of 10.40. Are Holdings' overall GF Score™ is 91/100 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 Are Holdings (FRA:A19), the current EV-to-EBITDA is 11.35 as of Sep. 01, 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 Are Holdings (FRA:A19) Overvalued in 2026?
Based on GuruFocus' analysis, Are Holdings stock appears to be overvalued.
The current stock price of €21.20 is trading 5.3% above its estimated GF Value™ of €20.14.
GuruFocus considers Are Holdings to be Fairly Valued.
Key valuation signals for FRA:A19:
EV-to-EBITDA: 11.35 (near median its 10-year median of 11.20)
GF Value™: €20.14 vs. price of €21.20 (5.3% above fair value)
Industry Position: 9.1% above the Waste Management median (#96 of 178)
No single metric tells the full story. See the FRA:A19 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Are Holdings Inc formerly Asahi Holdings Inc is operative in the Japanese waste management industry. The company's principal interest lies in the precious metals recycling activities. This segment deals with the recycling and sale of precious metals and rare metals, including gold, silver, palladium, platinum, and indium, which are refined from precious metal-containing scraps inclusive of electronic materials, dental materials, jewelry manufacture and automobile catalysts. Asahi's secondary line of business is responsible for the collection, transportation and intermediate treatment of industrial wastes, such as waste acids, waste alkalis, waste oil, sludge, waste drugs and infectious medical wastes.
91GF Score
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