Alexander Forbes Group Holdings (JSE:AFH) EV-to-EBITDA: 4.59 (As of Aug. 11, 2026) — 766% Above 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:AFH Alexander Forbes Group Holdings Ltd JSE:AFH
63 GF Score
Price R7.38
GF Value R8.73
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Alexander Forbes Group Holdings EV-to-EBITDA?

Alexander Forbes Group Holdings JSE:AFH -0.27% 63 EV-to-EBITDA is 4.59 as of Aug. 11, 2026, which is 766% above its 10-year median of 0.53. GuruFocus rates JSE:AFH with a GF Score™ of 63/100 and a GF Value™ of R8.73 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 147 Diversified Financial Services companies, Alexander Forbes Group Holdings ranks worse than 51.02% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Alexander Forbes Group Holdings's enterprise value is R6,724 Mil. Alexander Forbes Group Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was R1,464 Mil. Therefore, Alexander Forbes Group Holdings's EV-to-EBITDA for today is 4.59.

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

JSE:AFH' s EV-to-EBITDA Range Over the Past 10 Years
Min: -4.5   Med: 0.53   Max: 40.29
Current: 4.59

During the past 13 years, the highest EV-to-EBITDA of Alexander Forbes Group Holdings was 40.29. The lowest was -4.50. And the median was 0.53.

JSE:AFH's EV-to-EBITDA is ranked worse than
51.02% of 147 companies
in the Diversified Financial Services industry
Industry Median: 4.58 vs JSE:AFH: 4.59

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 (2026-08-11), Alexander Forbes Group Holdings's stock price is R7.38. Alexander Forbes Group Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was R0.637. Therefore, Alexander Forbes Group Holdings's PE Ratio (TTM) for today is 11.59.

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


Alexander Forbes Group Holdings  (JSE:AFH) 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.

Alexander Forbes Group Holdings's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=7.38/0.637
=11.59

Alexander Forbes Group Holdings's share price for today is R7.38.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Alexander Forbes Group Holdings's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was R0.637.

* 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?


Alexander Forbes Group Holdings EV-to-EBITDA Related Terms


Alexander Forbes Group Holdings EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Alexander Forbes Group 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.

Alexander Forbes Group Holdings EV-to-EBITDA Chart

Alexander Forbes Group Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -3.11 -1.54 -1.69 0.28 3.87

Alexander Forbes Group Holdings Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 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 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 -1.69 0.00 0.28 0.00 3.87

JSE:AFH vs FRHC, VOYA: EV-to-EBITDA Comparison

For the Financial Conglomerates subindustry, Alexander Forbes Group 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.


Alexander Forbes Group Holdings EV-to-EBITDA vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Alexander Forbes Group Holdings's EV-to-EBITDA distribution charts can be found below:

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


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

Alexander Forbes Group Holdings EV-to-EBITDA Calculation

Alexander Forbes Group Holdings's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=6724.112/1464
=4.59

Alexander Forbes Group Holdings's current Enterprise Value is R6,724 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Alexander Forbes Group Holdings's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was R1,464 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 4.59 mean?
Alexander Forbes Group Holdings (JSE:AFH) has a EV-to-EBITDA of 4.59 as of Aug. 11, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Alexander Forbes Group Holdings. This is 766% above median its historical median of 0.53. According to the industry distribution chart, Alexander Forbes Group Holdings ranks #75 out of 147 companies in the Diversified Financial Services industry, placing it in the top 51%.
Is Alexander Forbes Group Holdings' EV-to-EBITDA too high?
Alexander Forbes Group Holdings' current EV-to-EBITDA of 4.59 is 766% above median its 10-year median of 0.53. The Diversified Financial Services industry median EV-to-EBITDA is 4.58. Alexander Forbes Group Holdings' value of 4.59 is 0.2% above this industry median. Based on the distribution chart, Alexander Forbes Group Holdings ranks #75 out of 147 companies in the Diversified Financial Services industry, which is below the industry midpoint. Overall, Alexander Forbes Group Holdings has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alexander Forbes Group Holdings' EV-to-EBITDA compare to FRHC and VOYA?
According to the Diversified Financial Services industry distribution chart, Alexander Forbes Group Holdings ranks #75 out of 147 companies for EV-to-EBITDA. This places Alexander Forbes Group Holdings in the lower half of its industry. The industry median EV-to-EBITDA is 4.58. Alexander Forbes Group Holdings' value of 4.59 is 0.2% above this benchmark. While the company's 10-year median is 0.53 vs. the industry median of 4.58, Alexander Forbes Group Holdings 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 Diversified Financial Services company?
The median EV-to-EBITDA among Diversified Financial Services companies is 4.58, based on 147 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. Alexander Forbes Group Holdings's current EV-to-EBITDA of 4.59 is 0.2% 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 Alexander Forbes Group Holdings. For the Diversified Financial Services industry, the median EV-to-EBITDA is 4.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alexander Forbes Group Holdings's current EV-to-EBITDA is 4.59, which is 766% above median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alexander Forbes Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Alexander Forbes Group Holdings (JSE:AFH) is currently considered Modestly Undervalued. The stock's GF Value™ is R8.73, compared to a current price of R7.38 — trading 15.5% below its estimated fair value. The current EV-to-EBITDA is 4.59, which is 766% above median its 10-year median of 0.53 and 0.2% above the Diversified Financial Services industry median of 4.58. Alexander Forbes Group Holdings' overall GF Score™ is 63/100 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 Alexander Forbes Group Holdings (JSE:AFH), the current EV-to-EBITDA is 4.59 as of Aug. 11, 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 Alexander Forbes Group Holdings (JSE:AFH) Overvalued in 2026?

Based on GuruFocus' analysis, Alexander Forbes Group Holdings stock appears to be undervalued. The current stock price of R7.38 is trading 15.5% below its estimated GF Value™ of R8.73. GuruFocus considers Alexander Forbes Group Holdings to be Modestly Undervalued.

Key valuation signals for JSE:AFH:

  • EV-to-EBITDA: 4.59 (766% above median its 10-year median of 0.53)
  • GF Value™: R8.73 vs. price of R7.38 (15.5% below fair value)
  • GF Score™: 63/100 with 5 warning signs
  • Industry Position: 0.2% above the Diversified Financial Services median (#75 of 147)

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


Alexander Forbes Group Holdings Business Description

Address 115 West Street, Sandown, Johannesburg, GT, ZAF, 2196
Alexander Forbes Group Holdings Ltd is a South Africa-based diversified financial services company. The company operates through seven segments: Retirement consulting, Healthcare consulting, Investments, Individual consulting, Multinational consulting, Solutions & Enablement, and Client Services & Business Optimization. Its services include Retirement consulting, Investments, Healthcare, Preservation funds, and Others. The company also offers online services.
63GF Score

Get the complete analysis for JSE:AFH

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

R7.38
Price
R8.73
GF Value