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EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Atenor's enterprise value is €602.2 Mil.
Atenor's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €-63.5 Mil. Therefore, Atenor's EV-to-EBITDA for today is -9.48.
The historical rank and industry rank for Atenor's EV-to-EBITDA or its related term are showing as below:
FRA:Z5S'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -69.66 Med: 17.35 Max: 68.94
Current: -9.48
During the past 13 years, the highest EV-to-EBITDA of Atenor was 68.94. The lowest was -69.66. And the median was 17.35.
FRA:Z5S's EV-to-EBITDA is ranked worse than 100% of 1380
companies
in the Real Estate industry
Industry Median: 12.455
vs FRA:Z5S: -9.48
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 (2026-08-31), Atenor's stock price is €1.19.
Atenor's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-2.400. Therefore, Atenor'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).
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.
Atenor's share price for today is €1.19.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Atenor's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-2.400.
* 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 Atenor'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 Real Estate - Development subindustry, Atenor'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.
Atenor EV-to-EBITDA vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Atenor's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Atenor's EV-to-EBITDA falls into.
Atenor's current Enterprise Value is €602.2 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Atenor's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €-63.5 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.
Atenor (FRA:Z5S) has a EV-to-EBITDA of -9.48 as of Aug. 31, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Atenor. According to the industry distribution chart, Atenor ranks #999999 out of 1380 companies in the Real Estate industry.
Is Atenor's EV-to-EBITDA too high?
Atenor's current EV-to-EBITDA is -9.48. Based on the distribution chart, Atenor ranks #999999 out of 1380 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Atenor has a GF Score™ of 40/100, reflecting its overall financial health beyond just this single metric.
How does Atenor's EV-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, Atenor ranks #999999 out of 1380 companies for EV-to-EBITDA. This places Atenor in the lower half of its industry. The industry median EV-to-EBITDA is 12.46. 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 Real Estate company?
The median EV-to-EBITDA among Real Estate companies is 12.46, based on 1,380 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. 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 Atenor. For the Real Estate industry, the median EV-to-EBITDA is 12.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Atenor's current EV-to-EBITDA is -9.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atenor stock overvalued right now?
Atenor (FRA:Z5S) has a current EV-to-EBITDA of -9.48. The stock's GF Value™ is €1.69, compared to a current price of €1.19 — trading 29.6% below its estimated fair value. The current EV-to-EBITDA is -9.48. Atenor's overall GF Score™ is 40/100 with 3 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 Atenor (FRA:Z5S), the current EV-to-EBITDA is -9.48 as of Aug. 31, 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 Atenor (FRA:Z5S) Overvalued in 2026?
Based on GuruFocus' analysis, Atenor stock appears to be undervalued.
The current stock price of €1.19 is trading 29.6% below its estimated GF Value™ of €1.69.
Key valuation signals for FRA:Z5S:
EV-to-EBITDA: -9.48
GF Value™: €1.69 vs. price of €1.19 (29.6% below fair value)
No single metric tells the full story. See the FRA:Z5S stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atenor SA is a Belgium-based real estate development company engaged in the business activity of developing real estate projects. Its project portfolio comprises offices, mixed-use, and residential complexes. The company's projects include Up-Site, Hermes Business Campus, Vaci Greens, Victor, Trebel, and South City Hotel. The group operates in Belgium, the Grand Duchy of Luxembourg, Hungary, and Romania.
40GF Score
Get the complete analysis for FRA:Z5S
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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