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Circle SpAMIL:CIRC +1.50%85 EV-to-EBITDA is 10.23 as of Jul. 21, 2026, which is 3% above its 10-year median of 9.89. GuruFocus rates MIL:CIRC with a GF Score™ of 85/100 and a GF Value™ of €12.21 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,957 Software companies, Circle SpA ranks better than 50.64% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Circle SpA's enterprise value is €62.08 Mil.
Circle SpA's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €6.07 Mil. Therefore, Circle SpA's EV-to-EBITDA for today is 10.23.
The historical rank and industry rank for Circle SpA's EV-to-EBITDA or its related term are showing as below:
MIL:CIRC'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 4.98 Med: 9.89 Max: 20.79
Current: 10.23
During the past 11 years, the highest EV-to-EBITDA of Circle SpA was 20.79. The lowest was 4.98. And the median was 9.89.
MIL:CIRC's EV-to-EBITDA is ranked better than 50.64% of 1957
companies
in the Software industry
Industry Median: 10.46
vs MIL:CIRC: 10.23
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).
Circle SpA (MIL:CIRC) 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.
Circle SpA's share price for today is €13.55.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Circle SpA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €0.499.
* 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 Circle SpA'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.
MIL:CIRC vs IBM, ACN, FISV: EV-to-EBITDA Comparison
For the Information Technology Services subindustry, Circle SpA'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.
Circle SpA EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Circle SpA's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Circle SpA's EV-to-EBITDA falls into.
Circle SpA's current Enterprise Value is €62.08 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Circle SpA's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €6.07 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.
Circle SpA (MIL:CIRC) has a EV-to-EBITDA of 10.23 as of Jul. 21, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Circle SpA. This is near median its historical median of 9.89. Over the past decade, Circle SpA's EV-to-EBITDA has ranged from 4.98 to 20.79. According to the industry distribution chart, Circle SpA ranks #966 out of 1957 companies in the Software industry, placing it in the top 49.4%.
Is Circle SpA's EV-to-EBITDA too high?
Circle SpA's current EV-to-EBITDA of 10.23 is near median its 10-year median of 9.89. Over the past 10 years, this metric has ranged from a low of 4.98 to a high of 20.79. The Software industry median EV-to-EBITDA is 10.46. Circle SpA's value of 10.23 is 2.2% below this industry median. Based on the distribution chart, Circle SpA ranks #966 out of 1957 companies in the Software industry, which is above the industry midpoint. Overall, Circle SpA has a GF Score™ of 85/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Circle SpA's EV-to-EBITDA compare to IBM and ACN?
According to the Software industry distribution chart, Circle SpA ranks #966 out of 1957 companies for EV-to-EBITDA. This puts Circle SpA in the upper half of its industry. The industry median EV-to-EBITDA is 10.46. Circle SpA's value of 10.23 is 2.2% below this benchmark. Historically, Circle SpA's own EV-to-EBITDA has ranged from 4.98 to 20.79 over the past decade. While the company's 10-year median is 9.89 vs. the industry median of 10.46, Circle SpA 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 10.46, based on 1,957 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. Circle SpA's current EV-to-EBITDA of 10.23 is 2.2% 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 Circle SpA. For the Software industry, the median EV-to-EBITDA is 10.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Circle SpA's current EV-to-EBITDA is 10.23, which is near median its own 10-year median of 9.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Circle SpA stock overvalued right now?
Based on GuruFocus' analysis, Circle SpA (MIL:CIRC) is currently considered Modestly Overvalued. The stock's GF Value™ is €12.21, compared to a current price of €13.55 — trading 11% above its estimated fair value. The current EV-to-EBITDA is 10.23, which is near median its 10-year median of 9.89 and 2.2% below the Software industry median of 10.46. Circle SpA's overall GF Score™ is 85/100 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 Circle SpA (MIL:CIRC), the current EV-to-EBITDA is 10.23 as of Jul. 21, 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 Circle SpA (MIL:CIRC) Overvalued in 2026?
Based on GuruFocus' analysis, Circle SpA stock appears to be overvalued.
The current stock price of €13.55 is trading 11% above its estimated GF Value™ of €12.21.
GuruFocus considers Circle SpA to be Modestly Overvalued.
Key valuation signals for MIL:CIRC:
EV-to-EBITDA: 10.23 (near median its 10-year median of 9.89)
GF Value™: €12.21 vs. price of €13.55 (11% above fair value)
Industry Position: 2.2% below the Software median (#966 of 1957)
No single metric tells the full story. See the MIL:CIRC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Circle SpA is engaged in providing consulting services, technological solutions, and digital marketing services to companies operating predominantly in the logistics and transportation sectors. It provides strategic consulting services in the fields of port management, logistics, and transport, and also develops software solutions to optimize flow management and improve logistics processes. The company's service offerings in the digital marketing sector include; services for the analysis, identification, and use of multi-channel communication tools for the implementation of digital marketing strategies.
85GF Score
Get the complete analysis for MIL:CIRC
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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