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.
Aygaz ASIST:AYGAZ +7.12%53 EV-to-EBITDA is 7.20 as of Aug. 16, 2026, which is 72% above its 10-year median of 4.19. GuruFocus rates IST:AYGAZ with a GF Score™ of 53/100 and a GF Value™ of ₺186.36 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 466 Utilities - Regulated companies, Aygaz AS ranks better than 69.53% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Aygaz AS's enterprise value is ₺64,635 Mil.
Aygaz AS's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was ₺8,971 Mil. Therefore, Aygaz AS's EV-to-EBITDA for today is 7.20.
The historical rank and industry rank for Aygaz AS's EV-to-EBITDA or its related term are showing as below:
IST:AYGAZ'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.45 Med: 4.19 Max: 9.6
Current: 7.2
During the past 13 years, the highest EV-to-EBITDA of Aygaz AS was 9.60. The lowest was 1.45. And the median was 4.19.
IST:AYGAZ's EV-to-EBITDA is ranked better than 69.53% of 466
companies
in the Utilities - Regulated industry
Industry Median: 9.885
vs IST:AYGAZ: 7.20
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.
Aygaz AS's share price for today is ₺312.00.
Aygaz AS'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 ₺24.438.
* 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 Aygaz AS'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.
IST:AYGAZ vs ATO, NI, UGI: EV-to-EBITDA Comparison
For the Utilities - Regulated Gas subindustry, Aygaz AS'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.
Aygaz AS EV-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Aygaz AS's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Aygaz AS's EV-to-EBITDA falls into.
Aygaz AS's current Enterprise Value is ₺64,635 Mil.
Aygaz AS'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 ₺8,971 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.
Aygaz AS (IST:AYGAZ) has a EV-to-EBITDA of 7.20 as of Aug. 16, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Aygaz AS. This is 72% above median its historical median of 4.19. Over the past decade, Aygaz AS's EV-to-EBITDA has ranged from 1.45 to 9.60. According to the industry distribution chart, Aygaz AS ranks #142 out of 466 companies in the Utilities - Regulated industry, placing it in the top 30.5%.
Is Aygaz AS's EV-to-EBITDA too high?
Aygaz AS's current EV-to-EBITDA of 7.20 is 72% above median its 10-year median of 4.19. Over the past 10 years, this metric has ranged from a low of 1.45 to a high of 9.60. The Utilities - Regulated industry median EV-to-EBITDA is 9.89. Aygaz AS's value of 7.20 is 27.2% below this industry median. Based on the distribution chart, Aygaz AS ranks #142 out of 466 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Aygaz AS has a GF Score™ of 53/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aygaz AS's EV-to-EBITDA compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Aygaz AS ranks #142 out of 466 companies for EV-to-EBITDA. This puts Aygaz AS in the upper half of its industry. The industry median EV-to-EBITDA is 9.89. Aygaz AS's value of 7.20 is 27.2% below this benchmark. Historically, Aygaz AS's own EV-to-EBITDA has ranged from 1.45 to 9.60 over the past decade. While the company's 10-year median is 4.19 vs. the industry median of 9.89, Aygaz AS has consistently been below 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 Utilities - Regulated company?
The median EV-to-EBITDA among Utilities - Regulated companies is 9.89, based on 466 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. Aygaz AS's current EV-to-EBITDA of 7.20 is 27.2% below 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 Aygaz AS. For the Utilities - Regulated industry, the median EV-to-EBITDA is 9.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aygaz AS's current EV-to-EBITDA is 7.20, which is 72% above median its own 10-year median of 4.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aygaz AS stock overvalued right now?
Based on GuruFocus' analysis, Aygaz AS (IST:AYGAZ) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺186.36, compared to a current price of ₺312.00 — trading 67.4% above its estimated fair value. The current EV-to-EBITDA is 7.20, which is 72% above median its 10-year median of 4.19 and 27.2% below the Utilities - Regulated industry median of 9.89. Aygaz AS's overall GF Score™ is 53/100 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 Aygaz AS (IST:AYGAZ), the current EV-to-EBITDA is 7.20 as of Aug. 16, 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 Aygaz AS (IST:AYGAZ) Overvalued in 2026?
Based on GuruFocus' analysis, Aygaz AS stock appears to be overvalued.
The current stock price of ₺312.00 is trading 67.4% above its estimated GF Value™ of ₺186.36.
GuruFocus considers Aygaz AS to be Significantly Overvalued.
Key valuation signals for IST:AYGAZ:
EV-to-EBITDA: 7.20 (72% above median its 10-year median of 4.19)
GF Value™: ₺186.36 vs. price of ₺312.00 (67.4% above fair value)
Industry Position: 27.2% below the Utilities - Regulated median (#142 of 466)
No single metric tells the full story. See the IST:AYGAZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aygaz AS is a gas company engaged in the sale and distribution of liquefied petroleum gas, or LPG, and natural gas products in Turkey. The group has three operating segments which are LPG and gas, cargo transportation and distribution, petroleum products, and electricity. It generates the majority of its revenue from the LPG and gas segment.
53GF Score
Get the complete analysis for IST:AYGAZ
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
IST:AYGAZ has been successfully added to your 
