ZEAL Network SE (LTS:0QJQ) EV-to-EBITDA: 11.93 (As of Aug. 16, 2026) — 19% 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.

LTS:0QJQ ZEAL Network SE LTS:0QJQ
72 GF Score
Price €43.30
! 2 Warning Signs
View Full Analysis

What is ZEAL Network SE EV-to-EBITDA?

ZEAL Network SE LTS:0QJQ +0.23% 72 EV-to-EBITDA is 11.93 as of Aug. 16, 2026, which is 19% below its 10-year median of 14.67. GuruFocus rates LTS:0QJQ with a GF Score™ of 72/100. The stock has 2 warning signs investors should review. Among 699 Travel & Leisure companies, ZEAL Network SE ranks worse than 60.09% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, ZEAL Network SE's enterprise value is €861.8 Mil. ZEAL Network SE's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €72.2 Mil. Therefore, ZEAL Network SE's EV-to-EBITDA for today is 11.93.

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

LTS:0QJQ' s EV-to-EBITDA Range Over the Past 10 Years
Min: -369.89   Med: 14.67   Max: 76.12
Current: 11.93

During the past 13 years, the highest EV-to-EBITDA of ZEAL Network SE was 76.12. The lowest was -369.89. And the median was 14.67.

LTS:0QJQ's EV-to-EBITDA is ranked worse than
60.09% of 699 companies
in the Travel & Leisure industry
Industry Median: 9.73 vs LTS:0QJQ: 11.93

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 (2026-08-16), ZEAL Network SE's stock price is €43.30. ZEAL Network SE's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €2.080. Therefore, ZEAL Network SE's PE Ratio (TTM) for today is 20.82.

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


ZEAL Network SE  (LTS:0QJQ) 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.

ZEAL Network SE's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=43.30/2.080
=20.82

ZEAL Network SE's share price for today is €43.30.
ZEAL Network SE's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €2.080.

* 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?


ZEAL Network SE EV-to-EBITDA Related Terms


ZEAL Network SE EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for ZEAL Network SE'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.

ZEAL Network SE EV-to-EBITDA Chart

ZEAL Network SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.94 18.33 20.19 16.76 15.08

ZEAL Network SE Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 13.17 12.38 15.08 14.59 11.67

LTS:0QJQ vs FLUT, DKNG, SGHC: EV-to-EBITDA Comparison

For the Gambling subindustry, ZEAL Network SE'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.


ZEAL Network SE EV-to-EBITDA vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, ZEAL Network SE's EV-to-EBITDA distribution charts can be found below:

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


LTS:0QJQ
72GF Score
ZEAL Network SE LTS:0QJQ
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ZEAL Network SE EV-to-EBITDA Calculation

ZEAL Network SE's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=861.758/72.213
=11.93

ZEAL Network SE's current Enterprise Value is €861.8 Mil.
ZEAL Network SE's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €72.2 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 11.93 mean?
ZEAL Network SE (LTS:0QJQ) has a EV-to-EBITDA of 11.93 as of Aug. 16, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on ZEAL Network SE. This is 19% below median its historical median of 14.67. According to the industry distribution chart, ZEAL Network SE ranks #420 out of 699 companies in the Travel & Leisure industry, placing it in the top 60.1%.
Is ZEAL Network SE's EV-to-EBITDA too high?
ZEAL Network SE's current EV-to-EBITDA of 11.93 is 19% below median its 10-year median of 14.67. The Travel & Leisure industry median EV-to-EBITDA is 9.73. ZEAL Network SE's value of 11.93 is 22.6% above this industry median. Based on the distribution chart, ZEAL Network SE ranks #420 out of 699 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, ZEAL Network SE has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does ZEAL Network SE's EV-to-EBITDA compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, ZEAL Network SE ranks #420 out of 699 companies for EV-to-EBITDA. This places ZEAL Network SE in the lower half of its industry. The industry median EV-to-EBITDA is 9.73. ZEAL Network SE's value of 11.93 is 22.6% above this benchmark. While the company's 10-year median is 14.67 vs. the industry median of 9.73, ZEAL Network SE 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 Travel & Leisure company?
The median EV-to-EBITDA among Travel & Leisure companies is 9.73, based on 699 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. ZEAL Network SE's current EV-to-EBITDA of 11.93 is 22.6% 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 ZEAL Network SE. For the Travel & Leisure industry, the median EV-to-EBITDA is 9.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ZEAL Network SE's current EV-to-EBITDA is 11.93, which is 19% below median its own 10-year median of 14.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ZEAL Network SE stock overvalued right now?
ZEAL Network SE (LTS:0QJQ) has a current EV-to-EBITDA of 11.93. The current EV-to-EBITDA is 11.93, which is 19% below median its 10-year median of 14.67 and 22.6% above the Travel & Leisure industry median of 9.73. ZEAL Network SE's overall GF Score™ is 72/100 with 2 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 ZEAL Network SE (LTS:0QJQ), the current EV-to-EBITDA is 11.93 as of Aug. 16, 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.

ZEAL Network SE Business Description

Other Exchanges TIMA:GermanyTIMA:Austria
Address Strassenbahnring 11, Hamburg, NI, DEU, 20251
ZEAL Network SE is an e-commerce group of companies company specializing in the area of online lottery. The company offers consumer-facing lottery-based games as well as business-to-business solutions. The operating business segments are Germany and Other. The ZEAL group now has more than one million active customers. ZEAL allows the participation in state-licensed lotteries via the LOTTO24 and Tipp24 brands and also offers its own lottery products. ZEAL operates under its owns brands namely ZEAL Instant Games, ZEAL Ventures and ZEAL Iberia.
72GF Score

Get the complete analysis for LTS:0QJQ

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

€43.30
Price