Adcorp Holdings (JSE:ADR) EV-to-EBITDA: 2.27 (As of Aug. 18, 2026) — 12% Below Median

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.

JSE:ADR Adcorp Holdings Ltd JSE:ADR
63 GF Score
Price R6.26
GF Value R4.60
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Adcorp Holdings EV-to-EBITDA?

Adcorp Holdings JSE:ADR 63 EV-to-EBITDA is 2.27 as of Aug. 18, 2026, which is 12% below its 10-year median of 2.57. GuruFocus rates JSE:ADR with a GF Score™ of 63/100 and a GF Value™ of R4.60 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 903 Business Services companies, Adcorp Holdings ranks better than 90.59% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Adcorp Holdings's enterprise value is R598 Mil. Adcorp Holdings's EBITDA for the trailing twelve months (TTM) ended in Feb. 2026 was R263 Mil. Therefore, Adcorp Holdings's EV-to-EBITDA for today is 2.27.

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

JSE:ADR' s EV-to-EBITDA Range Over the Past 10 Years
Min: -28.22   Med: 2.57   Max: 14.46
Current: 2.27

During the past 13 years, the highest EV-to-EBITDA of Adcorp Holdings was 14.46. The lowest was -28.22. And the median was 2.57.

JSE:ADR's EV-to-EBITDA is ranked better than
90.59% of 903 companies
in the Business Services industry
Industry Median: 7.64 vs JSE:ADR: 2.27

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 (2026-08-18), Adcorp Holdings's stock price is R6.26. Adcorp Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R1.362. Therefore, Adcorp Holdings's PE Ratio (TTM) for today is 4.60.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Adcorp Holdings  (JSE:ADR) 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.

Adcorp Holdings's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=6.26/1.362
=4.60

Adcorp Holdings's share price for today is R6.26.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Adcorp Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Feb. 2026 was R1.362.

* 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?


Adcorp Holdings EV-to-EBITDA Related Terms


Adcorp Holdings EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Adcorp Holdings'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.

Adcorp Holdings EV-to-EBITDA Chart

Adcorp Holdings Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.62 2.17 2.91 1.34 2.32

Adcorp Holdings Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 2.91 0.00 1.34 0.00 2.32

JSE:ADR vs KFY, RHI, TNET: EV-to-EBITDA Comparison

For the Staffing & Employment Services subindustry, Adcorp Holdings'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.


Adcorp Holdings EV-to-EBITDA vs Business Services Industry

For the Business Services industry and Industrials sector, Adcorp Holdings's EV-to-EBITDA distribution charts can be found below:

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


JSE:ADR
63GF Score
Adcorp Holdings Ltd JSE:ADR
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Adcorp Holdings EV-to-EBITDA Calculation

Adcorp Holdings's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=597.822/263.413
=2.27

Adcorp Holdings's current Enterprise Value is R598 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Adcorp Holdings's EBITDA for the trailing twelve months (TTM) ended in Feb. 2026 was R263 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 2.27 mean?
Adcorp Holdings (JSE:ADR) has a EV-to-EBITDA of 2.27 as of Aug. 18, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Adcorp Holdings. This is 12% below median its historical median of 2.57. According to the industry distribution chart, Adcorp Holdings ranks #85 out of 903 companies in the Business Services industry, placing it in the top 9.4%.
Is Adcorp Holdings' EV-to-EBITDA too high?
Adcorp Holdings' current EV-to-EBITDA of 2.27 is 12% below median its 10-year median of 2.57. The Business Services industry median EV-to-EBITDA is 7.64. Adcorp Holdings' value of 2.27 is 70.3% below this industry median. Based on the distribution chart, Adcorp Holdings ranks #85 out of 903 companies in the Business Services industry, which is in the top quartile — a strong position relative to peers. Overall, Adcorp Holdings has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Adcorp Holdings' EV-to-EBITDA compare to KFY and RHI?
According to the Business Services industry distribution chart, Adcorp Holdings ranks #85 out of 903 companies for EV-to-EBITDA. This places Adcorp Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 7.64. Adcorp Holdings' value of 2.27 is 70.3% below this benchmark. While the company's 10-year median is 2.57 vs. the industry median of 7.64, Adcorp Holdings 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 Business Services company?
The median EV-to-EBITDA among Business Services companies is 7.64, based on 903 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. Adcorp Holdings's current EV-to-EBITDA of 2.27 is 70.3% 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 Adcorp Holdings. For the Business Services industry, the median EV-to-EBITDA is 7.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adcorp Holdings's current EV-to-EBITDA is 2.27, which is 12% below median its own 10-year median of 2.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adcorp Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adcorp Holdings (JSE:ADR) is currently considered Significantly Overvalued. The stock's GF Value™ is R4.60, compared to a current price of R6.26 — trading 36.1% above its estimated fair value. The current EV-to-EBITDA is 2.27, which is 12% below median its 10-year median of 2.57 and 70.3% below the Business Services industry median of 7.64. Adcorp Holdings' overall GF Score™ is 63/100 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 Adcorp Holdings (JSE:ADR), the current EV-to-EBITDA is 2.27 as of Aug. 18, 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 Adcorp Holdings (JSE:ADR) Overvalued in 2026?

Based on GuruFocus' analysis, Adcorp Holdings stock appears to be overvalued. The current stock price of R6.26 is trading 36.1% above its estimated GF Value™ of R4.60. GuruFocus considers Adcorp Holdings to be Significantly Overvalued.

Key valuation signals for JSE:ADR:

  • EV-to-EBITDA: 2.27 (12% below median its 10-year median of 2.57)
  • GF Value™: R4.60 vs. price of R6.26 (36.1% above fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 70.3% below the Business Services median (#85 of 903)

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


Adcorp Holdings Business Description

Address 102 Western Service Road, Adcorp Place, Gallo Manor Ext 6, Johannesburg, GT, ZAF, 2191
Adcorp Holdings Ltd is engaged in providing workplace solutions. The company renders services in the fields of permanent recruitment and flexible staffing sectors, professional IT services, as well as the provision of business process outsourcing, training, and financial services. Its operating segments are Contingent staffing, Professional Services, Business support. and Contingent staffing Australia. The geographical segments are South Africa and International.
63GF Score

Get the complete analysis for JSE:ADR

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

R6.26
Price
R4.60
GF Value