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.
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.
DiscoveryFRA:D3H -1.47%88 EV-to-EBITDA is 9.38 as of Aug. 22, 2026, which is 2% below its 10-year median of 9.54. GuruFocus rates FRA:D3H with a GF Score™ of 88/100 and a GF Value™ of €14.51. The stock has 4 warning signs investors should review. Among 348 Insurance companies, Discovery ranks worse than 57.76% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Discovery's enterprise value is €8,737 Mil.
Discovery's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €932 Mil. Therefore, Discovery's EV-to-EBITDA for today is 9.38.
The historical rank and industry rank for Discovery's EV-to-EBITDA or its related term are showing as below:
FRA:D3H'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.74 Med: 9.54 Max: 24.77
Current: 8.71
During the past 13 years, the highest EV-to-EBITDA of Discovery was 24.77. The lowest was 4.74. And the median was 9.54.
FRA:D3H's EV-to-EBITDA is ranked worse than 57.76% of 348
companies
in the Insurance industry
Industry Median: 8.095
vs FRA:D3H: 8.71
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.
Discovery's share price for today is €13.40.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Discovery's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.787.
* 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 Discovery'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 Insurance - Life subindustry, Discovery'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.
Discovery EV-to-EBITDA vs Insurance Industry
For the Insurance industry and Financial Services sector, Discovery's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Discovery's EV-to-EBITDA falls into.
Discovery's current Enterprise Value is €8,737 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Discovery's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €932 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.
Discovery (FRA:D3H) has a EV-to-EBITDA of 9.38 as of Aug. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Discovery. This is near median its historical median of 9.54. Over the past decade, Discovery's EV-to-EBITDA has ranged from 4.74 to 24.77. According to the industry distribution chart, Discovery ranks #201 out of 348 companies in the Insurance industry, placing it in the top 57.8%.
Is Discovery's EV-to-EBITDA too high?
Discovery's current EV-to-EBITDA of 9.38 is near median its 10-year median of 9.54. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 24.77. The Insurance industry median EV-to-EBITDA is 8.10. Discovery's value of 9.38 is 15.9% above this industry median. Based on the distribution chart, Discovery ranks #201 out of 348 companies in the Insurance industry, which is below the industry midpoint. Overall, Discovery has a GF Score™ of 88/100, reflecting its overall financial health beyond just this single metric.
How does Discovery's EV-to-EBITDA compare to AFL and MET?
According to the Insurance industry distribution chart, Discovery ranks #201 out of 348 companies for EV-to-EBITDA. This places Discovery in the lower half of its industry. The industry median EV-to-EBITDA is 8.10. Discovery's value of 9.38 is 15.9% above this benchmark. Historically, Discovery's own EV-to-EBITDA has ranged from 4.74 to 24.77 over the past decade. While the company's 10-year median is 9.54 vs. the industry median of 8.10, Discovery 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 Insurance company?
The median EV-to-EBITDA among Insurance companies is 8.10, based on 348 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. Discovery's current EV-to-EBITDA of 9.38 is 15.9% 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 Discovery. For the Insurance industry, the median EV-to-EBITDA is 8.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Discovery's current EV-to-EBITDA is 9.38, which is near median its own 10-year median of 9.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Discovery stock overvalued right now?
Discovery (FRA:D3H) has a current EV-to-EBITDA of 9.38. The stock's GF Value™ is €14.51, compared to a current price of €13.40 — trading 7.6% below its estimated fair value. The current EV-to-EBITDA is 9.38, which is near median its 10-year median of 9.54 and 15.9% above the Insurance industry median of 8.10. Discovery's overall GF Score™ is 88/100 with 4 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 Discovery (FRA:D3H), the current EV-to-EBITDA is 9.38 as of Aug. 22, 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 Discovery (FRA:D3H) Overvalued in 2026?
Based on GuruFocus' analysis, Discovery stock appears to be undervalued.
The current stock price of €13.40 is trading 7.6% below its estimated GF Value™ of €14.51.
Key valuation signals for FRA:D3H:
EV-to-EBITDA: 9.38 (near median its 10-year median of 9.54)
GF Value™: €14.51 vs. price of €13.40 (7.6% below fair value)
Industry Position: 15.9% above the Insurance median (#201 of 348)
No single metric tells the full story. See the FRA:D3H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Discovery Ltd is a financial services organization. It operates in the healthcare, life insurance, short-term insurance, long-term savings, banking and wellness markets. It specializes in health insurance, life assurance, wellness, investments and savings, short-term insurance, and banking. The company generates revenue through its insurance and financial services, with primary markets in South Africa and the UK, and presence in Canada, the USA, Singapore, Australia, and China.
88GF Score
Get the complete analysis for FRA:D3H
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:D3H has been successfully added to your 
