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NextNXGPF 90 EV-to-EBITDA is 11.51 as of Aug. 02, 2026, which is 21% above its 10-year median of 9.54. GuruFocus rates NXGPF with a GF Score™ of 90/100 and a GF Value™ of $174.01 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 948 Retail - Cyclical companies, Next ranks worse than 62.66% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Next's enterprise value is $25,272 Mil.
Next's EBITDA for the trailing twelve months (TTM) ended in Jan. 2026 was $2,196 Mil. Therefore, Next's EV-to-EBITDA for today is 11.51.
The historical rank and industry rank for Next's EV-to-EBITDA or its related term are showing as below:
NXGPF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 6.1 Med: 9.54 Max: 16.11
Current: 11.7
During the past 13 years, the highest EV-to-EBITDA of Next was 16.11. The lowest was 6.10. And the median was 9.54.
NXGPF's EV-to-EBITDA is ranked worse than 62.66% of 948
companies
in the Retail - Cyclical industry
Industry Median: 8.89
vs NXGPF: 11.70
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 (2026-08-02), Next's stock price is $205.01.
Next's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was $10.075. Therefore, Next's PE Ratio (TTM) for today is 20.35.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
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.
Next's share price for today is $205.01.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Next's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jan. 2026 was $10.075.
* 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 Next'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 Apparel Retail subindustry, Next'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.
Next EV-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Next's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Next's EV-to-EBITDA falls into.
Next's current Enterprise Value is $25,272 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Next's EBITDA for the trailing twelve months (TTM) ended in Jan. 2026 was $2,196 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.
Next (NXGPF) has a EV-to-EBITDA of 11.51 as of Aug. 02, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Next. This is 21% above median its historical median of 9.54. Over the past decade, Next's EV-to-EBITDA has ranged from 6.10 to 16.11. According to the industry distribution chart, Next ranks #594 out of 948 companies in the Retail - Cyclical industry, placing it in the top 62.7%.
Is Next's EV-to-EBITDA too high?
Next's current EV-to-EBITDA of 11.51 is 21% above median its 10-year median of 9.54. Over the past 10 years, this metric has ranged from a low of 6.10 to a high of 16.11. The Retail - Cyclical industry median EV-to-EBITDA is 8.89. Next's value of 11.51 is 29.5% above this industry median. Based on the distribution chart, Next ranks #594 out of 948 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Next has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next's EV-to-EBITDA compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Next ranks #594 out of 948 companies for EV-to-EBITDA. This places Next in the lower half of its industry. The industry median EV-to-EBITDA is 8.89. Next's value of 11.51 is 29.5% above this benchmark. Historically, Next's own EV-to-EBITDA has ranged from 6.10 to 16.11 over the past decade. While the company's 10-year median is 9.54 vs. the industry median of 8.89, Next 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 Retail - Cyclical company?
The median EV-to-EBITDA among Retail - Cyclical companies is 8.89, based on 948 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. Next's current EV-to-EBITDA of 11.51 is 29.5% 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 Next. For the Retail - Cyclical industry, the median EV-to-EBITDA is 8.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next's current EV-to-EBITDA is 11.51, which is 21% above median its own 10-year median of 9.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $174.01, compared to a current price of $205.01 — trading 17.8% above its estimated fair value. The current EV-to-EBITDA is 11.51, which is 21% above median its 10-year median of 9.54 and 29.5% above the Retail - Cyclical industry median of 8.89. Next's overall GF Score™ is 90/100 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 Next (NXGPF), the current EV-to-EBITDA is 11.51 as of Aug. 02, 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 Next (NXGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Next stock appears to be overvalued.
The current stock price of $205.01 is trading 17.8% above its estimated GF Value™ of $174.01.
GuruFocus considers Next to be Modestly Overvalued.
Key valuation signals for NXGPF:
EV-to-EBITDA: 11.51 (21% above median its 10-year median of 9.54)
GF Value™: $174.01 vs. price of $205.01 (17.8% above fair value)
Industry Position: 29.5% above the Retail - Cyclical median (#594 of 948)
No single metric tells the full story. See the NXGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
90GF Score
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