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Asset PlusNZSE:APL 38 EV-to-EBITDA is 29.18 as of Aug. 08, 2026, which is 229% above its 10-year median of 8.86. GuruFocus rates NZSE:APL with a GF Score™ of 38/100. The stock has 2 warning signs investors should review. Among 671 REITs companies, Asset Plus ranks worse than 87.78% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Asset Plus's enterprise value is NZ$103.94 Mil.
Asset Plus's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$3.56 Mil. Therefore, Asset Plus's EV-to-EBITDA for today is 29.18.
The historical rank and industry rank for Asset Plus's EV-to-EBITDA or its related term are showing as below:
NZSE:APL'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -60.94 Med: 8.86 Max: 31.5
Current: 29.18
During the past 13 years, the highest EV-to-EBITDA of Asset Plus was 31.50. The lowest was -60.94. And the median was 8.86.
NZSE:APL's EV-to-EBITDA is ranked worse than 87.78% of 671
companies
in the REITs industry
Industry Median: 15.53
vs NZSE:APL: 29.18
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.
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.
Asset Plus's share price for today is NZ$0.165.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Asset Plus's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$-0.009.
* 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 Asset Plus'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.
NZSE:APL vs VICI, WPC, BNL: EV-to-EBITDA Comparison
For the REIT - Diversified subindustry, Asset Plus'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.
Asset Plus EV-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Asset Plus's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Asset Plus's EV-to-EBITDA falls into.
Asset Plus's current Enterprise Value is NZ$103.94 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Asset Plus's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was NZ$3.56 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.
Asset Plus (NZSE:APL) has a EV-to-EBITDA of 29.18 as of Aug. 08, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Asset Plus. This is 229% above median its historical median of 8.86. According to the industry distribution chart, Asset Plus ranks #589 out of 671 companies in the REITs industry, placing it in the top 87.8%.
Is Asset Plus' EV-to-EBITDA too high?
Asset Plus' current EV-to-EBITDA of 29.18 is 229% above median its 10-year median of 8.86. The REITs industry median EV-to-EBITDA is 15.53. Asset Plus' value of 29.18 is 87.9% above this industry median. Based on the distribution chart, Asset Plus ranks #589 out of 671 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Asset Plus has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Asset Plus' EV-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, Asset Plus ranks #589 out of 671 companies for EV-to-EBITDA. This places Asset Plus in the lower half of its industry. The industry median EV-to-EBITDA is 15.53. Asset Plus' value of 29.18 is 87.9% above this benchmark. While the company's 10-year median is 8.86 vs. the industry median of 15.53, Asset Plus 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 REITs company?
The median EV-to-EBITDA among REITs companies is 15.53, based on 671 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. Asset Plus's current EV-to-EBITDA of 29.18 is 87.9% 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 Asset Plus. For the REITs industry, the median EV-to-EBITDA is 15.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asset Plus's current EV-to-EBITDA is 29.18, which is 229% above median its own 10-year median of 8.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asset Plus stock overvalued right now?
Asset Plus (NZSE:APL) has a current EV-to-EBITDA of 29.18. The current EV-to-EBITDA is 29.18, which is 229% above median its 10-year median of 8.86 and 87.9% above the REITs industry median of 15.53. Asset Plus' overall GF Score™ is 38/100 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 Asset Plus (NZSE:APL), the current EV-to-EBITDA is 29.18 as of Aug. 08, 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.
Asset Plus Ltd is a commercial property investment company. Its principal activities include investing in commercial property in New Zealand. The company's investment portfolio consists of office properties in New Zealand including the Munroe Lane property, and the 35 Graham Street property which is currently held for sale.
38GF Score
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