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Net Holding ASIST:NTHOL +1.53%72 EV-to-EBITDA is 2.51 as of Aug. 05, 2026, which is 15% above its 10-year median of 2.19. GuruFocus rates IST:NTHOL with a GF Score™ of 72/100 and a GF Value™ of ₺56.49 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 698 Travel & Leisure companies, Net Holding AS ranks better than 92.26% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Net Holding AS's enterprise value is ₺24,046 Mil.
Net Holding AS's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₺9,567 Mil. Therefore, Net Holding AS's EV-to-EBITDA for today is 2.51.
The historical rank and industry rank for Net Holding AS's EV-to-EBITDA or its related term are showing as below:
IST:NTHOL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -14.75 Med: 2.19 Max: 42.38
Current: 2.51
During the past 13 years, the highest EV-to-EBITDA of Net Holding AS was 42.38. The lowest was -14.75. And the median was 2.19.
IST:NTHOL's EV-to-EBITDA is ranked better than 92.26% of 698
companies
in the Travel & Leisure industry
Industry Median: 9.775
vs IST:NTHOL: 2.51
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.
Net Holding AS (IST:NTHOL) 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.
Net Holding AS's PE Ratio (TTM) for today is calculated as:
Net Holding AS's share price for today is ₺46.34.
Net Holding AS'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 ₺3.497.
* 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).
The historical data trend for Net Holding 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:NTHOL vs BKNG, ABNB, RCL: EV-to-EBITDA Comparison
For the Travel Services subindustry, Net Holding 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.
Net Holding AS EV-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Net Holding AS's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Net Holding AS's EV-to-EBITDA falls into.
Net Holding AS's current Enterprise Value is ₺24,046 Mil.
Net Holding AS'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 ₺9,567 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.
Net Holding AS (IST:NTHOL) has a EV-to-EBITDA of 2.51 as of Aug. 05, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Net Holding AS. This is 15% above median its historical median of 2.19. According to the industry distribution chart, Net Holding AS ranks #54 out of 698 companies in the Travel & Leisure industry, placing it in the top 7.7%.
Is Net Holding AS's EV-to-EBITDA too high?
Net Holding AS's current EV-to-EBITDA of 2.51 is 15% above median its 10-year median of 2.19. The Travel & Leisure industry median EV-to-EBITDA is 9.78. Net Holding AS's value of 2.51 is 74.3% below this industry median. Based on the distribution chart, Net Holding AS ranks #54 out of 698 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Net Holding AS has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Net Holding AS's EV-to-EBITDA compare to BKNG and ABNB?
According to the Travel & Leisure industry distribution chart, Net Holding AS ranks #54 out of 698 companies for EV-to-EBITDA. This places Net Holding AS in the top 8% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 9.78. Net Holding AS's value of 2.51 is 74.3% below this benchmark. While the company's 10-year median is 2.19 vs. the industry median of 9.78, Net Holding 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 a Travel & Leisure company?
The median EV-to-EBITDA among Travel & Leisure companies is 9.78, based on 698 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. Net Holding AS's current EV-to-EBITDA of 2.51 is 74.3% 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 Net Holding AS. For the Travel & Leisure industry, the median EV-to-EBITDA is 9.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Net Holding AS's current EV-to-EBITDA is 2.51, which is 15% above median its own 10-year median of 2.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Net Holding AS (IST:NTHOL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺56.49, compared to a current price of ₺46.34 — trading 18% below its estimated fair value. The current EV-to-EBITDA is 2.51, which is 15% above median its 10-year median of 2.19 and 74.3% below the Travel & Leisure industry median of 9.78. Net Holding AS's overall GF Score™ is 72/100 with 4 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 Net Holding AS (IST:NTHOL), the current EV-to-EBITDA is 2.51 as of Aug. 05, 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 Net Holding AS (IST:NTHOL) Overvalued in 2026?
Based on GuruFocus' analysis, Net Holding AS stock appears to be undervalued.
The current stock price of ₺46.34 is trading 18% below its estimated GF Value™ of ₺56.49.
GuruFocus considers Net Holding AS to be Modestly Undervalued.
Key valuation signals for IST:NTHOL:
EV-to-EBITDA: 2.51 (15% above median its 10-year median of 2.19)
GF Value™: ₺56.49 vs. price of ₺46.34 (18% below fair value)
Industry Position: 74.3% below the Travel & Leisure median (#54 of 698)
No single metric tells the full story. See the IST:NTHOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.
72GF Score
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EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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