HEPS (D-MARKET Electronic Services & Trading) EV-to-EBITDA: 15.24 (As of Aug. 07, 2026) — 1021% Above Median

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HEPS D-MARKET Electronic Services & Trading HEPS
70 GF Score
Price $2.77
GF Value $2.23
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is D-MARKET Electronic Services & Trading EV-to-EBITDA?

D-MARKET Electronic Services & Trading HEPS -5.14% 70 EV-to-EBITDA is 15.24 as of Aug. 07, 2026, which is 1021% above its 10-year median of 1.36. GuruFocus rates HEPS with a GF Scoreâ„¢ of 70/100 and a GF Valueâ„¢ of $2.23 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 945 Retail - Cyclical companies, D-MARKET Electronic Services & Trading ranks worse than 75.98% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, D-MARKET Electronic Services & Trading's enterprise value is $818 Mil. D-MARKET Electronic Services & Trading's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $54 Mil. Therefore, D-MARKET Electronic Services & Trading's EV-to-EBITDA for today is 15.24.

The historical rank and industry rank for D-MARKET Electronic Services & Trading's EV-to-EBITDA or its related term are showing as below:

HEPS' s EV-to-EBITDA Range Over the Past 10 Years
Min: -39.07   Med: 1.36   Max: 18.36
Current: 15.24

During the past 8 years, the highest EV-to-EBITDA of D-MARKET Electronic Services & Trading was 18.36. The lowest was -39.07. And the median was 1.36.

HEPS's EV-to-EBITDA is ranked worse than
75.98% of 945 companies
in the Retail - Cyclical industry
Industry Median: 9.03 vs HEPS: 15.24

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 (2026-08-07), D-MARKET Electronic Services & Trading's stock price is $2.77. D-MARKET Electronic Services & Trading's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $-0.452. Therefore, D-MARKET Electronic Services & Trading'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).


D-MARKET Electronic Services & Trading  (NAS:HEPS) 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.

D-MARKET Electronic Services & Trading's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=2.77/-0.452
=At Loss

D-MARKET Electronic Services & Trading's share price for today is $2.77.
D-MARKET Electronic Services & Trading's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.452.

* 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?


D-MARKET Electronic Services & Trading EV-to-EBITDA Related Terms


D-MARKET Electronic Services & Trading EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for D-MARKET Electronic Services & Trading'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.

D-MARKET Electronic Services & Trading EV-to-EBITDA Chart

D-MARKET Electronic Services & Trading Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial -0.25 0.96 1.18 6.48 15.81

D-MARKET Electronic Services & Trading Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 6.27 5.21 6.09 15.81 13.80

HEPS vs AMZN, BABA, PDD: EV-to-EBITDA Comparison

For the Internet Retail subindustry, D-MARKET Electronic Services & Trading'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.


D-MARKET Electronic Services & Trading EV-to-EBITDA vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, D-MARKET Electronic Services & Trading's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where D-MARKET Electronic Services & Trading's EV-to-EBITDA falls into.


HEPS
70GF Score
D-MARKET Electronic Services & Trading HEPS
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

D-MARKET Electronic Services & Trading EV-to-EBITDA Calculation

D-MARKET Electronic Services & Trading's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=818.495/53.7
=15.24

D-MARKET Electronic Services & Trading's current Enterprise Value is $818 Mil.
D-MARKET Electronic Services & Trading's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $54 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 15.24 mean?
D-MARKET Electronic Services & Trading (HEPS) has a EV-to-EBITDA of 15.24 as of Aug. 07, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on D-MARKET Electronic Services & Trading. This is 1021% above median its historical median of 1.36. According to the industry distribution chart, D-MARKET Electronic Services & Trading ranks #718 out of 945 companies in the Retail - Cyclical industry, placing it in the top 76%.
Is D-MARKET Electronic Services & Trading's EV-to-EBITDA too high?
D-MARKET Electronic Services & Trading's current EV-to-EBITDA of 15.24 is 1021% above median its 10-year median of 1.36. The Retail - Cyclical industry median EV-to-EBITDA is 9.03. D-MARKET Electronic Services & Trading's value of 15.24 is 68.8% above this industry median. Based on the distribution chart, D-MARKET Electronic Services & Trading ranks #718 out of 945 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, D-MARKET Electronic Services & Trading has a GF Scoreâ„¢ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-MARKET Electronic Services & Trading's EV-to-EBITDA compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, D-MARKET Electronic Services & Trading ranks #718 out of 945 companies for EV-to-EBITDA. This places D-MARKET Electronic Services & Trading in the lower half of its industry. The industry median EV-to-EBITDA is 9.03. D-MARKET Electronic Services & Trading's value of 15.24 is 68.8% above this benchmark. While the company's 10-year median is 1.36 vs. the industry median of 9.03, D-MARKET Electronic Services & Trading 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 Retail - Cyclical company?
The median EV-to-EBITDA among Retail - Cyclical companies is 9.03, based on 945 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. D-MARKET Electronic Services & Trading's current EV-to-EBITDA of 15.24 is 68.8% 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 D-MARKET Electronic Services & Trading. For the Retail - Cyclical industry, the median EV-to-EBITDA is 9.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. D-MARKET Electronic Services & Trading's current EV-to-EBITDA is 15.24, which is 1021% above median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D-MARKET Electronic Services & Trading stock overvalued right now?
Based on GuruFocus' analysis, D-MARKET Electronic Services & Trading (HEPS) is currently considered Modestly Overvalued. The stock's GF Value™ is $2.23, compared to a current price of $2.77 — trading 24.2% above its estimated fair value. The current EV-to-EBITDA is 15.24, which is 1021% above median its 10-year median of 1.36 and 68.8% above the Retail - Cyclical industry median of 9.03. D-MARKET Electronic Services & Trading's overall GF Score™ is 70/100 with 6 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 D-MARKET Electronic Services & Trading (HEPS), the current EV-to-EBITDA is 15.24 as of Aug. 07, 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 D-MARKET Electronic Services & Trading (HEPS) Overvalued in 2026?

Based on GuruFocus' analysis, D-MARKET Electronic Services & Trading stock appears to be overvalued. The current stock price of $2.77 is trading 24.2% above its estimated GF Value™ of $2.23. GuruFocus considers D-MARKET Electronic Services & Trading to be Modestly Overvalued.

Key valuation signals for HEPS:

  • EV-to-EBITDA: 15.24 (1021% above median its 10-year median of 1.36)
  • GF Value™: $2.23 vs. price of $2.77 (24.2% above fair value)
  • GF Score™: 70/100 with 6 warning signs
  • Industry Position: 68.8% above the Retail - Cyclical median (#718 of 945)

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


D-MARKET Electronic Services & Trading Business Description

Other Exchanges HEPSD:Kazakhstan8WZ:Germany
Address Kustepe Mahallesi Mecidiyekoy Yolu, Trump Tower, Cadde no: 12 Tower: 2 Floor:2, K2 Sisli, Istanbul, TUR, 34387
D-MARKET Electronic Services & Trading offers an e-commerce platform in Turkey and the surrounding region. The company is comprised of one reportable segment, namely e-commerce operations. It's portfolio offers its retail customers a wide selection of merchandise including electronics and non-electronics (including books, sports, toys, kids and baby products, cosmetics, furniture, etc). The Group derives revenue from the sales of goods, marketplace revenues and other revenues.
70GF Score

Get the complete analysis for HEPS

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

$2.77
Price
$2.23
GF Value