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Zest SpAMIL:ZEST -3.13%23 EV-to-EBITDA is 176.83 as of Jul. 20, 2026. GuruFocus rates MIL:ZEST with a GF Score™ of 23/100 and a GF Value™ of €0.14 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 511 Asset Management companies, Zest SpA ranks worse than 97.06% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Zest SpA's enterprise value is €30.42 Mil.
Zest SpA's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €0.17 Mil. Therefore, Zest SpA's EV-to-EBITDA for today is 176.83.
The historical rank and industry rank for Zest SpA's EV-to-EBITDA or its related term are showing as below:
MIL:ZEST'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -75.71 Med: -6.87 Max: 204.47
Current: 176.83
During the past 13 years, the highest EV-to-EBITDA of Zest SpA was 204.47. The lowest was -75.71. And the median was -6.87.
MIL:ZEST's EV-to-EBITDA is ranked worse than 97.06% of 511
companies
in the Asset Management industry
Industry Median: 8.68
vs MIL:ZEST: 176.83
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).
Zest SpA (MIL:ZEST) 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.
Zest SpA's share price for today is €0.124.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Zest SpA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was €-0.006.
* 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 Zest 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.
For the Asset Management subindustry, Zest 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.
Zest SpA EV-to-EBITDA vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Zest SpA's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Zest SpA's EV-to-EBITDA falls into.
Zest SpA's current Enterprise Value is €30.42 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Zest SpA's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €0.17 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.
Zest SpA (MIL:ZEST) has a EV-to-EBITDA of 176.83 as of Jul. 20, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Zest SpA. According to the industry distribution chart, Zest SpA ranks #496 out of 511 companies in the Asset Management industry, placing it in the top 97.1%.
Is Zest SpA's EV-to-EBITDA too high?
Zest SpA's current EV-to-EBITDA is 176.83. The Asset Management industry median EV-to-EBITDA is 8.68. Zest SpA's value of 176.83 is 1937.2% above this industry median. Based on the distribution chart, Zest SpA ranks #496 out of 511 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Zest SpA has a GF Score™ of 23/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zest SpA's EV-to-EBITDA compare to BLK and BX?
According to the Asset Management industry distribution chart, Zest SpA ranks #496 out of 511 companies for EV-to-EBITDA. This places Zest SpA in the lower half of its industry. The industry median EV-to-EBITDA is 8.68. Zest SpA's value of 176.83 is 1937.2% above this benchmark. 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 Asset Management company?
The median EV-to-EBITDA among Asset Management companies is 8.68, based on 511 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. Zest SpA's current EV-to-EBITDA of 176.83 is 1937.2% 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 Zest SpA. For the Asset Management industry, the median EV-to-EBITDA is 8.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zest SpA's current EV-to-EBITDA is 176.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zest SpA stock overvalued right now?
Based on GuruFocus' analysis, Zest SpA (MIL:ZEST) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.14, compared to a current price of €0.12 — trading 11.4% below its estimated fair value. The current EV-to-EBITDA is 176.83 and 1937.2% above the Asset Management industry median of 8.68. Zest SpA's overall GF Score™ is 23/100 with 5 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 Zest SpA (MIL:ZEST), the current EV-to-EBITDA is 176.83 as of Jul. 20, 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 Zest SpA (MIL:ZEST) Overvalued in 2026?
Based on GuruFocus' analysis, Zest SpA stock appears to be undervalued.
The current stock price of €0.12 is trading 11.4% below its estimated GF Value™ of €0.14.
GuruFocus considers Zest SpA to be Modestly Undervalued.
Key valuation signals for MIL:ZEST:
EV-to-EBITDA: 176.83
GF Value™: €0.14 vs. price of €0.12 (11.4% below fair value)
Industry Position: 1937.2% above the Asset Management median (#496 of 511)
No single metric tells the full story. See the MIL:ZEST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zest SpA formerly LVenture Group SpA is a holding company. It operates in the Private Equity and Venture Capital and provides financial support for the development of StartUp, bringing also a network of relationships and high sectoral expertise.
23GF Score
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