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EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Northcoders Group's enterprise value is £1.14 Mil.
Northcoders Group's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was £-0.81 Mil. Therefore, Northcoders Group's EV-to-EBITDA for today is -1.41.
The historical rank and industry rank for Northcoders Group's EV-to-EBITDA or its related term are showing as below:
LSE:CODE'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -138.15 Med: -2.55 Max: 29.66
Current: -1.41
During the past 8 years, the highest EV-to-EBITDA of Northcoders Group was 29.66. The lowest was -138.15. And the median was -2.55.
LSE:CODE's EV-to-EBITDA is ranked worse than 100% of 209
companies
in the Education industry
Industry Median: 6.78
vs LSE:CODE: -1.41
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.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Northcoders Group (LSE:CODE) 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.
Northcoders Group's PE Ratio (TTM) for today is calculated as:
Northcoders Group's share price for today is £0.195.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Northcoders Group's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was £-0.378.
* 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 Northcoders Group'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.
LSE:CODE vs EDU, TAL, LAUR: EV-to-EBITDA Comparison
For the Education & Training Services subindustry, Northcoders Group'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.
Northcoders Group EV-to-EBITDA vs Education Industry
For the Education industry and Consumer Defensive sector, Northcoders Group's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Northcoders Group's EV-to-EBITDA falls into.
Northcoders Group's current Enterprise Value is £1.14 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Northcoders Group's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was £-0.81 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.
Northcoders Group (LSE:CODE) has a EV-to-EBITDA of -1.41 as of Jul. 24, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Northcoders Group. According to the industry distribution chart, Northcoders Group ranks #999999 out of 209 companies in the Education industry.
Is Northcoders Group's EV-to-EBITDA too high?
Northcoders Group's current EV-to-EBITDA is -1.41. Based on the distribution chart, Northcoders Group ranks #999999 out of 209 companies in the Education industry, which is in the bottom quartile relative to peers. Overall, Northcoders Group has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Northcoders Group's EV-to-EBITDA compare to EDU and TAL?
According to the Education industry distribution chart, Northcoders Group ranks #999999 out of 209 companies for EV-to-EBITDA. This places Northcoders Group in the lower half of its industry. The industry median EV-to-EBITDA is 6.78. 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 an Education company?
The median EV-to-EBITDA among Education companies is 6.78, based on 209 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. 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 Northcoders Group. For the Education industry, the median EV-to-EBITDA is 6.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northcoders Group's current EV-to-EBITDA is -1.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northcoders Group stock overvalued right now?
Based on GuruFocus' analysis, Northcoders Group (LSE:CODE) is currently considered Possible Value Trap. The stock's GF Value™ is £0.96, compared to a current price of £0.20 — trading 79.7% below its estimated fair value. The current EV-to-EBITDA is -1.41. Northcoders Group's overall GF Score™ is 39/100 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 Northcoders Group (LSE:CODE), the current EV-to-EBITDA is -1.41 as of Jul. 24, 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 Northcoders Group (LSE:CODE) Overvalued in 2026?
Based on GuruFocus' analysis, Northcoders Group stock appears to be undervalued.
The current stock price of £0.20 is trading 79.7% below its estimated GF Value™ of £0.96.
GuruFocus considers Northcoders Group to be Possible Value Trap.
Key valuation signals for LSE:CODE:
EV-to-EBITDA: -1.41
GF Value™: £0.96 vs. price of £0.20 (79.7% below fair value)
No single metric tells the full story. See the LSE:CODE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Northcoders Group PLC is an independent provider of training programs for software coding. It offers a range of training and software development solutions to individual and corporate customers. Its offering includes bootcamp training courses, government-funded apprenticeships, bespoke training courses, and software development solutions.
39GF Score
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