GSIW (Garden Stage) EV-to-EBITDA: -1.14 (As of Aug. 27, 2026)

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.

GSIW Garden Stage Ltd GSIW
14 GF Score
Price $14.70
! 5 Warning Signs
View Full Analysis

What is Garden Stage EV-to-EBITDA?

Garden Stage GSIW -2.58% 14 EV-to-EBITDA is -1.14 as of Aug. 27, 2026. GuruFocus rates GSIW with a GF Score™ of 14/100. The stock has 5 warning signs investors should review. Among 503 Capital Markets companies, Garden Stage ranks worse than 198806.96% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Garden Stage's enterprise value is $14.72 Mil. Garden Stage's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-12.87 Mil. Therefore, Garden Stage's EV-to-EBITDA for today is -1.14.

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

GSIW' s EV-to-EBITDA Range Over the Past 10 Years
Min: -3579.15   Med: -214.42   Max: -1.14
Current: -1.14

During the past 6 years, the highest EV-to-EBITDA of Garden Stage was -1.14. The lowest was -3579.15. And the median was -214.42.

GSIW's EV-to-EBITDA is ranked worse than
100% of 503 companies
in the Capital Markets industry
Industry Median: 8.57 vs GSIW: -1.14

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 (2026-08-27), Garden Stage's stock price is $14.70. Garden Stage's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-27.022. Therefore, Garden Stage'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).


Garden Stage  (NAS:GSIW) 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.

Garden Stage's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=14.70/-27.022
=At Loss

Garden Stage's share price for today is $14.70.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Garden Stage's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-27.022.

* 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?


Garden Stage EV-to-EBITDA Related Terms


Garden Stage EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Garden Stage'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.

Garden Stage EV-to-EBITDA Chart

Garden Stage Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBITDA
Get a 7-Day Free Trial 0.00 0.00 -22.99 -1.70 -1.37

Garden Stage Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only -22.99 0.00 -1.70 0.00 -1.37

GSIW vs MATH, HGBL, VIP: EV-to-EBITDA Comparison

For the Capital Markets subindustry, Garden Stage'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.


Garden Stage EV-to-EBITDA vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Garden Stage's EV-to-EBITDA distribution charts can be found below:

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


GSIW
14GF Score
Garden Stage Ltd GSIW
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Garden Stage EV-to-EBITDA Calculation

Garden Stage's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=14.716/-12.865
=-1.14

Garden Stage's current Enterprise Value is $14.72 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Garden Stage's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-12.87 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 -1.14 mean?
Garden Stage (GSIW) has a EV-to-EBITDA of -1.14 as of Aug. 27, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Garden Stage. According to the industry distribution chart, Garden Stage ranks #999999 out of 503 companies in the Capital Markets industry.
Is Garden Stage's EV-to-EBITDA too high?
Garden Stage's current EV-to-EBITDA is -1.14. Based on the distribution chart, Garden Stage ranks #999999 out of 503 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Garden Stage has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Garden Stage's EV-to-EBITDA compare to MATH and HGBL?
According to the Capital Markets industry distribution chart, Garden Stage ranks #999999 out of 503 companies for EV-to-EBITDA. This places Garden Stage in the lower half of its industry. The industry median EV-to-EBITDA is 8.57. 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 Capital Markets company?
The median EV-to-EBITDA among Capital Markets companies is 8.57, based on 503 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 Garden Stage. For the Capital Markets industry, the median EV-to-EBITDA is 8.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garden Stage's current EV-to-EBITDA is -1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garden Stage stock overvalued right now?
Garden Stage (GSIW) has a current EV-to-EBITDA of -1.14. The current EV-to-EBITDA is -1.14. Garden Stage's overall GF Score™ is 14/100 with 5 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 Garden Stage (GSIW), the current EV-to-EBITDA is -1.14 as of Aug. 27, 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.

Garden Stage Business Description

Address 141 Des Voeux Road Central, 30th Floor, China Insurance Group Building, Central, Hong Kong, HKG
Garden Stage Ltd is a Hong Kong-based financial services provider principally engaged in the provision of placing and underwriting services; securities dealing and brokerage services; and asset management services. Its business is carried out through its wholly owned Operating Subsidiaries: I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong; and I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong.
14GF Score

Get the complete analysis for GSIW

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

$14.70
Price