Mustek (JSE:MST) EV-to-EBITDA: 3.00 (As of Aug. 07, 2026) — 51% Below Median

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JSE:MST Mustek Ltd JSE:MST
79 GF Score
Price R15.15
GF Value R12.54
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Mustek EV-to-EBITDA?

Mustek JSE:MST 79 EV-to-EBITDA is 3.00 as of Aug. 07, 2026, which is 51% below its 10-year median of 6.14. GuruFocus rates JSE:MST with a GF Score™ of 79/100 and a GF Value™ of R12.54 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,888 Hardware companies, Mustek ranks better than 91.31% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Mustek's enterprise value is R609 Mil. Mustek's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was R203 Mil. Therefore, Mustek's EV-to-EBITDA for today is 3.00.

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

JSE:MST' s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.61   Med: 6.14   Max: 8.2
Current: 3

During the past 13 years, the highest EV-to-EBITDA of Mustek was 8.20. The lowest was 1.61. And the median was 6.14.

JSE:MST's EV-to-EBITDA is ranked better than
91.31% of 1888 companies
in the Hardware industry
Industry Median: 15.405 vs JSE:MST: 3.00

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), Mustek's stock price is R15.15. Mustek's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R1.321. Therefore, Mustek's PE Ratio (TTM) for today is 11.47.

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


Mustek  (JSE:MST) 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.

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

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=15.15/1.321
=11.47

Mustek's share price for today is R15.15.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Mustek's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was R1.321.

* 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?


Mustek EV-to-EBITDA Related Terms


Mustek EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Mustek'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.

Mustek EV-to-EBITDA Chart

Mustek Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.13 6.09 5.78 7.05 6.80

Mustek Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 7.05 0.00 6.80 0.00

JSE:MST vs DELL, ANET, SNDK: EV-to-EBITDA Comparison

For the Computer Hardware subindustry, Mustek'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.


Mustek EV-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, Mustek's EV-to-EBITDA distribution charts can be found below:

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


JSE:MST
79GF Score
Mustek Ltd JSE:MST
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mustek EV-to-EBITDA Calculation

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

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=608.739/202.912
=3.00

Mustek's current Enterprise Value is R609 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Mustek's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was R203 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 3.00 mean?
Mustek (JSE:MST) has a EV-to-EBITDA of 3.00 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 Mustek. This is 51% below median its historical median of 6.14. Over the past decade, Mustek's EV-to-EBITDA has ranged from 1.61 to 8.20. According to the industry distribution chart, Mustek ranks #164 out of 1888 companies in the Hardware industry, placing it in the top 8.7%.
Is Mustek's EV-to-EBITDA too high?
Mustek's current EV-to-EBITDA of 3.00 is 51% below median its 10-year median of 6.14. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 8.20. The Hardware industry median EV-to-EBITDA is 15.41. Mustek's value of 3.00 is 80.5% below this industry median. Based on the distribution chart, Mustek ranks #164 out of 1888 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Mustek has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mustek's EV-to-EBITDA compare to DELL and ANET?
According to the Hardware industry distribution chart, Mustek ranks #164 out of 1888 companies for EV-to-EBITDA. This places Mustek in the top 9% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 15.41. Mustek's value of 3.00 is 80.5% below this benchmark. Historically, Mustek's own EV-to-EBITDA has ranged from 1.61 to 8.20 over the past decade. While the company's 10-year median is 6.14 vs. the industry median of 15.41, Mustek 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 Hardware company?
The median EV-to-EBITDA among Hardware companies is 15.41, based on 1,888 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. Mustek's current EV-to-EBITDA of 3.00 is 80.5% 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 Mustek. For the Hardware industry, the median EV-to-EBITDA is 15.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mustek's current EV-to-EBITDA is 3.00, which is 51% below median its own 10-year median of 6.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mustek stock overvalued right now?
Based on GuruFocus' analysis, Mustek (JSE:MST) is currently considered Modestly Overvalued. The stock's GF Value™ is R12.54, compared to a current price of R15.15 — trading 20.8% above its estimated fair value. The current EV-to-EBITDA is 3.00, which is 51% below median its 10-year median of 6.14 and 80.5% below the Hardware industry median of 15.41. Mustek's overall GF Score™ is 79/100 with 7 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 Mustek (JSE:MST), the current EV-to-EBITDA is 3.00 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 Mustek (JSE:MST) Overvalued in 2026?

Based on GuruFocus' analysis, Mustek stock appears to be overvalued. The current stock price of R15.15 is trading 20.8% above its estimated GF Value™ of R12.54. GuruFocus considers Mustek to be Modestly Overvalued.

Key valuation signals for JSE:MST:

  • EV-to-EBITDA: 3.00 (51% below median its 10-year median of 6.14)
  • GF Value™: R12.54 vs. price of R15.15 (20.8% above fair value)
  • GF Score™: 79/100 with 7 warning signs
  • Industry Position: 80.5% below the Hardware median (#164 of 1888)

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


Mustek Business Description

Other Exchanges M1B:Germany
Address 322 15th Road, Randjespark, Midrand, GT, ZAF, 1685
Mustek Ltd is an assembler and distributor of personal computers and complementary Information and Communication Technology (ICT) products in South Africa. The company's segments include Mustek, Rectron, MIE, and the Group. Mustek includes assembly and distribution of computer products and peripherals, including Mecer-branded products and related services. Rectron includes the distribution of computer components and peripherals. Mecer Inter-Ed (MIE) includes a training provider of accredited training programmes, and the group includes investments in associates and other investments, and loans. Geographically, operates in the region of South Africa. It derives a substantial part of its revenue from the Mustek segment.
79GF Score

Get the complete analysis for JSE:MST

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

R15.15
Price
R12.54
GF Value