Steppe CementSPPCF 53 EV-to-EBITDA is 4.60 as of Jul. 11, 2026, which is 4% below its 10-year median of 4.81. GuruFocus rates SPPCF with a GF Score™ of 53/100 and a GF Value™ of $0.30. The stock has 6 warning signs investors should review. Among 346 Building Materials companies, Steppe Cement ranks better than 82.66% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Steppe Cement's enterprise value is $50.5 Mil.
Steppe Cement's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $11.0 Mil. Therefore, Steppe Cement's EV-to-EBITDA for today is 4.60.
The historical rank and industry rank for Steppe Cement's EV-to-EBITDA or its related term are showing as below:
SPPCF'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 2.13 Med: 4.81 Max: 18.12
Current: 4.68
During the past 13 years, the highest EV-to-EBITDA of Steppe Cement was 18.12. The lowest was 2.13. And the median was 4.81.
SPPCF's EV-to-EBITDA is ranked better than 82.66% of 346
companies
in the Building Materials industry
Industry Median: 8.95
vs SPPCF: 4.68
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.
Steppe Cement's PE Ratio (TTM) for today is calculated as:
Steppe Cement's share price for today is $0.31.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Steppe Cement's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Dec. 2025 was $0.015.
* 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 Steppe Cement'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 Building Materials subindustry, Steppe Cement'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.
Steppe Cement EV-to-EBITDA vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Steppe Cement's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Steppe Cement's EV-to-EBITDA falls into.
Steppe Cement's current Enterprise Value is $50.5 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Steppe Cement's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $11.0 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.
Steppe Cement (SPPCF) has a EV-to-EBITDA of 4.60 as of Jul. 11, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Steppe Cement. This is near median its historical median of 4.81. Over the past decade, Steppe Cement's EV-to-EBITDA has ranged from 2.13 to 18.12. According to the industry distribution chart, Steppe Cement ranks #60 out of 346 companies in the Building Materials industry, placing it in the top 17.3%.
Is Steppe Cement's EV-to-EBITDA too high?
Steppe Cement's current EV-to-EBITDA of 4.60 is near median its 10-year median of 4.81. Over the past 10 years, this metric has ranged from a low of 2.13 to a high of 18.12. The Building Materials industry median EV-to-EBITDA is 8.95. Steppe Cement's value of 4.60 is 48.6% below this industry median. Based on the distribution chart, Steppe Cement ranks #60 out of 346 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Steppe Cement has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Steppe Cement's EV-to-EBITDA compare to CRH and VMC?
According to the Building Materials industry distribution chart, Steppe Cement ranks #60 out of 346 companies for EV-to-EBITDA. This places Steppe Cement in the top 17% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 8.95. Steppe Cement's value of 4.60 is 48.6% below this benchmark. Historically, Steppe Cement's own EV-to-EBITDA has ranged from 2.13 to 18.12 over the past decade. While the company's 10-year median is 4.81 vs. the industry median of 8.95, Steppe Cement 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 Building Materials company?
The median EV-to-EBITDA among Building Materials companies is 8.95, based on 346 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. Steppe Cement's current EV-to-EBITDA of 4.60 is 48.6% 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 Steppe Cement. For the Building Materials industry, the median EV-to-EBITDA is 8.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Cement's current EV-to-EBITDA is 4.60, which is near median its own 10-year median of 4.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Cement stock overvalued right now?
Steppe Cement (SPPCF) has a current EV-to-EBITDA of 4.60. The stock's GF Value™ is $0.30, compared to a current price of $0.31 — trading 3.3% above its estimated fair value. The current EV-to-EBITDA is 4.60, which is near median its 10-year median of 4.81 and 48.6% below the Building Materials industry median of 8.95. Steppe Cement's overall GF Score™ is 53/100 with 6 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 Steppe Cement (SPPCF), the current EV-to-EBITDA is 4.60 as of Jul. 11, 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 Steppe Cement (SPPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Cement stock appears to be overvalued.
The current stock price of $0.31 is trading 3.3% above its estimated GF Value™ of $0.30.
Key valuation signals for SPPCF:
EV-to-EBITDA: 4.60 (near median its 10-year median of 4.81)
GF Value™: $0.30 vs. price of $0.31 (3.3% above fair value)
Industry Position: 48.6% below the Building Materials median (#60 of 346)
No single metric tells the full story. See the SPPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Cement Ltd is an investment holding company based in Malaysia. Its primary business is the production and sale of cement, which is in the Karaganda region, the Republic of Kazakhstan. The company derives revenue from the sale of manufactured goods and the transmission and distribution of electricity.
53GF Score
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