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Kaspi.kz JSCKSPI +3.63%81 EV-to-EBITDA is 4.53 as of Aug. 04, 2026, which is 24% below its 10-year median of 5.95. GuruFocus rates KSPI with a GF Score™ of 81/100 and a GF Value™ of $223.04 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,960 Software companies, Kaspi.kz JSC ranks better than 84.13% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Kaspi.kz JSC's enterprise value is $13,799 Mil.
Kaspi.kz JSC's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $3,046 Mil. Therefore, Kaspi.kz JSC's EV-to-EBITDA for today is 4.53.
The historical rank and industry rank for Kaspi.kz JSC's EV-to-EBITDA or its related term are showing as below:
KSPI'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -0.37 Med: 5.95 Max: 24.92
Current: 4.53
During the past 10 years, the highest EV-to-EBITDA of Kaspi.kz JSC was 24.92. The lowest was -0.37. And the median was 5.95.
KSPI's EV-to-EBITDA is ranked better than 84.13% of 1960
companies
in the Software industry
Industry Median: 10.375
vs KSPI: 4.53
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.
Kaspi.kz JSC's PE Ratio (TTM) for today is calculated as:
Kaspi.kz JSC's share price for today is $91.98.
Kaspi.kz JSC'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 $10.906.
* 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 Kaspi.kz JSC'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.
For the Software - Infrastructure subindustry, Kaspi.kz JSC'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.
Kaspi.kz JSC EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Kaspi.kz JSC's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Kaspi.kz JSC's EV-to-EBITDA falls into.
Kaspi.kz JSC's current Enterprise Value is $13,799 Mil.
Kaspi.kz JSC'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 $3,046 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.
Kaspi.kz JSC (KSPI) has a EV-to-EBITDA of 4.53 as of Aug. 04, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Kaspi.kz JSC. This is 24% below median its historical median of 5.95. According to the industry distribution chart, Kaspi.kz JSC ranks #311 out of 1960 companies in the Software industry, placing it in the top 15.9%.
Is Kaspi.kz JSC's EV-to-EBITDA too high?
Kaspi.kz JSC's current EV-to-EBITDA of 4.53 is 24% below median its 10-year median of 5.95. The Software industry median EV-to-EBITDA is 10.38. Kaspi.kz JSC's value of 4.53 is 56.3% below this industry median. Based on the distribution chart, Kaspi.kz JSC ranks #311 out of 1960 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Kaspi.kz JSC has a GF Score™ of 81/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kaspi.kz JSC's EV-to-EBITDA compare to MSFT and ORCL?
According to the Software industry distribution chart, Kaspi.kz JSC ranks #311 out of 1960 companies for EV-to-EBITDA. This places Kaspi.kz JSC in the top 16% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 10.38. Kaspi.kz JSC's value of 4.53 is 56.3% below this benchmark. While the company's 10-year median is 5.95 vs. the industry median of 10.38, Kaspi.kz JSC 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 Software company?
The median EV-to-EBITDA among Software companies is 10.38, based on 1,960 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. Kaspi.kz JSC's current EV-to-EBITDA of 4.53 is 56.3% 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 Kaspi.kz JSC. For the Software industry, the median EV-to-EBITDA is 10.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kaspi.kz JSC's current EV-to-EBITDA is 4.53, which is 24% below median its own 10-year median of 5.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kaspi.kz JSC stock overvalued right now?
Based on GuruFocus' analysis, Kaspi.kz JSC (KSPI) is currently considered Significantly Undervalued. The stock's GF Value™ is $223.04, compared to a current price of $91.98 — trading 58.8% below its estimated fair value. The current EV-to-EBITDA is 4.53, which is 24% below median its 10-year median of 5.95 and 56.3% below the Software industry median of 10.38. Kaspi.kz JSC's overall GF Score™ is 81/100 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 Kaspi.kz JSC (KSPI), the current EV-to-EBITDA is 4.53 as of Aug. 04, 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 Kaspi.kz JSC (KSPI) Overvalued in 2026?
Based on GuruFocus' analysis, Kaspi.kz JSC stock appears to be undervalued.
The current stock price of $91.98 is trading 58.8% below its estimated GF Value™ of $223.04.
GuruFocus considers Kaspi.kz JSC to be Significantly Undervalued.
Key valuation signals for KSPI:
EV-to-EBITDA: 4.53 (24% below median its 10-year median of 5.95)
GF Value™: $223.04 vs. price of $91.98 (58.8% below fair value)
Industry Position: 56.3% below the Software median (#311 of 1960)
No single metric tells the full story. See the KSPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kaspi.kz JSC is the payment, marketplace, and Fintech ecosystem in Kazakhstan. The firm provides interconnected technologically seamless products and services that help people to pay, shop and manage their finances. Its operating segment includes the Payments Platform that connects its customers, which consist of both consumers and merchants, to facilitate cashless, digital transactions, the Marketplace Platform, which derives maximum revenue, connects merchants and consumers enabling merchants to increase their sales and consumers to buy a broad selection of products and services offered by a variety of merchants, and Fintech Platform that enables customers to manage their personal finances online and access consumer finance and deposit products through the Kaspi.kz Super App.
81GF Score
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