IPAS Indexo (FRA:S9S) EV-to-EBITDA: 18.96 (As of Sep. 08, 2026)

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FRA:S9S IPAS Indexo FRA:S9S
67 GF Score
Price €9.04
GF Value €11.94
! 8 Warning Signs
View Full Analysis

What is IPAS Indexo EV-to-EBITDA?

IPAS Indexo FRA:S9S +1.12% 67 EV-to-EBITDA is 18.96 as of Sep. 08, 2026. GuruFocus rates FRA:S9S with a GF Score™ of 67/100 and a GF Value™ of €11.94. The stock has 8 warning signs investors should review. Among 507 Asset Management companies, IPAS Indexo ranks worse than 78.9% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, IPAS Indexo's enterprise value is €201.58 Mil. IPAS Indexo's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €10.63 Mil. Therefore, IPAS Indexo's EV-to-EBITDA for today is 18.96.

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

FRA:S9S' s EV-to-EBITDA Range Over the Past 10 Years
Min: -136.81   Med: -19.06   Max: 113.67
Current: 19.45

During the past 8 years, the highest EV-to-EBITDA of IPAS Indexo was 113.67. The lowest was -136.81. And the median was -19.06.

FRA:S9S's EV-to-EBITDA is ranked worse than
78.9% of 507 companies
in the Asset Management industry
Industry Median: 8.21 vs FRA:S9S: 19.45

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 (2026-09-08), IPAS Indexo's stock price is €9.04. IPAS Indexo's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €-0.497. Therefore, IPAS Indexo'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).


IPAS Indexo  (FRA:S9S) 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.

IPAS Indexo's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=9.04/-0.497
=At Loss

IPAS Indexo's share price for today is €9.04.
IPAS Indexo'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 €-0.497.

* 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?


IPAS Indexo EV-to-EBITDA Related Terms


IPAS Indexo EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for IPAS Indexo'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.

IPAS Indexo EV-to-EBITDA Chart

IPAS Indexo Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial 0.00 -37.24 -16.22 -5.38 -53.13

IPAS Indexo Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3.72 -6.80 -53.13 112.14 18.63

FRA:S9S vs BLK, BX, KKR: EV-to-EBITDA Comparison

For the Asset Management subindustry, IPAS Indexo'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.


IPAS Indexo EV-to-EBITDA vs Asset Management Industry

For the Asset Management industry and Financial Services sector, IPAS Indexo's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where IPAS Indexo's EV-to-EBITDA falls into.


FRA:S9S
67GF Score
IPAS Indexo FRA:S9S
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IPAS Indexo EV-to-EBITDA Calculation

IPAS Indexo's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=201.575/10.629
=18.96

IPAS Indexo's current Enterprise Value is €201.58 Mil.
IPAS Indexo'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 €10.63 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 18.96 mean?
IPAS Indexo (FRA:S9S) has a EV-to-EBITDA of 18.96 as of Sep. 08, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on IPAS Indexo. According to the industry distribution chart, IPAS Indexo ranks #400 out of 507 companies in the Asset Management industry, placing it in the top 78.9%.
Is IPAS Indexo's EV-to-EBITDA too high?
IPAS Indexo's current EV-to-EBITDA is 18.96. The Asset Management industry median EV-to-EBITDA is 8.21. IPAS Indexo's value of 18.96 is 130.9% above this industry median. Based on the distribution chart, IPAS Indexo ranks #400 out of 507 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, IPAS Indexo has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does IPAS Indexo's EV-to-EBITDA compare to BLK and BX?
According to the Asset Management industry distribution chart, IPAS Indexo ranks #400 out of 507 companies for EV-to-EBITDA. This places IPAS Indexo in the lower half of its industry. The industry median EV-to-EBITDA is 8.21. IPAS Indexo's value of 18.96 is 130.9% above this benchmark. 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 Asset Management company?
The median EV-to-EBITDA among Asset Management companies is 8.21, based on 507 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. IPAS Indexo's current EV-to-EBITDA of 18.96 is 130.9% 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 IPAS Indexo. For the Asset Management industry, the median EV-to-EBITDA is 8.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPAS Indexo's current EV-to-EBITDA is 18.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPAS Indexo stock overvalued right now?
IPAS Indexo (FRA:S9S) has a current EV-to-EBITDA of 18.96. The stock's GF Value™ is €11.94, compared to a current price of €9.04 — trading 24.3% below its estimated fair value. The current EV-to-EBITDA is 18.96 and 130.9% above the Asset Management industry median of 8.21. IPAS Indexo's overall GF Score™ is 67/100 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 IPAS Indexo (FRA:S9S), the current EV-to-EBITDA is 18.96 as of Sep. 08, 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 IPAS Indexo (FRA:S9S) Overvalued in 2026?

Based on GuruFocus' analysis, IPAS Indexo stock appears to be undervalued. The current stock price of €9.04 is trading 24.3% below its estimated GF Value™ of €11.94.

Key valuation signals for FRA:S9S:

  • EV-to-EBITDA: 18.96
  • GF Value™: €11.94 vs. price of €9.04 (24.3% below fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 130.9% above the Asset Management median (#400 of 507)

No single metric tells the full story. See the FRA:S9S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IPAS Indexo Business Description

Other Exchanges IDX1R:Latvia
Address 1 Roberta Hirsa Street, Riga, LVA, 1045
IPAS Indexo is a licensed investment management company. Along with its subsidiaries, it operates in the following segments: Asset management, Bank development, and Non-bank lending. Maximum revenue is generated from the Asset Management segment, which includes management of the assets of state-funded pension scheme investment plans and private pension scheme investment plans. The Bank development segment represents the income generated from the provision of various banking services (including accepting deposits, granting loans, offering payment solutions, issuing credit cards, etc.) by its banking subsidiary, and the Non-bank lending represents its non-bank lending activities. Geographically, the group's maximum revenue is generated from Latvia, and rest from the European Economic Area.
67GF Score

Get the complete analysis for FRA:S9S

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

€9.04
Price
€11.94
GF Value