Merko Ehitus AS (STU:MKS) EV-to-EBITDA: 13.66 (As of Sep. 01, 2026) — 65% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:MKS Merko Ehitus AS STU:MKS
70 GF Score
Price €26.50
GF Value €13.39
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Merko Ehitus AS EV-to-EBITDA?

Merko Ehitus AS STU:MKS -0.56% 70 EV-to-EBITDA is 13.66 as of Sep. 01, 2026, which is 65% above its 10-year median of 8.26. GuruFocus rates STU:MKS with a GF Score™ of 70/100 and a GF Value™ of €13.39 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 1,466 Construction companies, Merko Ehitus AS ranks worse than 68.69% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Merko Ehitus AS's enterprise value is €498.8 Mil. Merko Ehitus AS's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was €36.5 Mil. Therefore, Merko Ehitus AS's EV-to-EBITDA for today is 13.66.

The historical rank and industry rank for Merko Ehitus AS's EV-to-EBITDA or its related term are showing as below:

STU:MKS' s EV-to-EBITDA Range Over the Past 10 Years
Min: 3.64   Med: 8.26   Max: 15.98
Current: 13.66

During the past 13 years, the highest EV-to-EBITDA of Merko Ehitus AS was 15.98. The lowest was 3.64. And the median was 8.26.

STU:MKS's EV-to-EBITDA is ranked worse than
68.69% of 1466 companies
in the Construction industry
Industry Median: 8.755 vs STU:MKS: 13.66

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 (2026-09-01), Merko Ehitus AS's stock price is €26.50. Merko Ehitus AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was €1.760. Therefore, Merko Ehitus AS's PE Ratio (TTM) for today is 15.06.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Merko Ehitus AS  (STU:MKS) 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.

Merko Ehitus AS's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=26.50/1.760
=15.06

Merko Ehitus AS's share price for today is €26.50.
Merko Ehitus AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1.760.

* 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).

Please read Which price ratio outperforms the enterprise multiple?


Merko Ehitus AS EV-to-EBITDA Related Terms


Merko Ehitus AS EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Merko Ehitus AS'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.

Merko Ehitus AS EV-to-EBITDA Chart

Merko Ehitus AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.82 7.88 4.25 3.69 10.82

Merko Ehitus AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.18 6.32 10.82 11.96 13.63

STU:MKS vs PWR, FIX, EME: EV-to-EBITDA Comparison

For the Engineering & Construction subindustry, Merko Ehitus AS'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.


Merko Ehitus AS EV-to-EBITDA vs Construction Industry

For the Construction industry and Industrials sector, Merko Ehitus AS's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Merko Ehitus AS's EV-to-EBITDA falls into.


STU:MKS
70GF Score
Merko Ehitus AS STU:MKS
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merko Ehitus AS EV-to-EBITDA Calculation

Merko Ehitus AS's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=498.821/36.527
=13.66

Merko Ehitus AS's current Enterprise Value is €498.8 Mil.
Merko Ehitus AS's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €36.5 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.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of 13.66 mean?
Merko Ehitus AS (STU:MKS) has a EV-to-EBITDA of 13.66 as of Sep. 01, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Merko Ehitus AS. This is 65% above median its historical median of 8.26. Over the past decade, Merko Ehitus AS's EV-to-EBITDA has ranged from 3.64 to 15.98. According to the industry distribution chart, Merko Ehitus AS ranks #1007 out of 1466 companies in the Construction industry, placing it in the top 68.7%.
Is Merko Ehitus AS's EV-to-EBITDA too high?
Merko Ehitus AS's current EV-to-EBITDA of 13.66 is 65% above median its 10-year median of 8.26. Over the past 10 years, this metric has ranged from a low of 3.64 to a high of 15.98. The Construction industry median EV-to-EBITDA is 8.76. Merko Ehitus AS's value of 13.66 is 56% above this industry median. Based on the distribution chart, Merko Ehitus AS ranks #1007 out of 1466 companies in the Construction industry, which is below the industry midpoint. Overall, Merko Ehitus AS has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merko Ehitus AS's EV-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Merko Ehitus AS ranks #1007 out of 1466 companies for EV-to-EBITDA. This places Merko Ehitus AS in the lower half of its industry. The industry median EV-to-EBITDA is 8.76. Merko Ehitus AS's value of 13.66 is 56% above this benchmark. Historically, Merko Ehitus AS's own EV-to-EBITDA has ranged from 3.64 to 15.98 over the past decade. While the company's 10-year median is 8.26 vs. the industry median of 8.76, Merko Ehitus AS 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 Construction company?
The median EV-to-EBITDA among Construction companies is 8.76, based on 1,466 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. Merko Ehitus AS's current EV-to-EBITDA of 13.66 is 56% 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 Merko Ehitus AS. For the Construction industry, the median EV-to-EBITDA is 8.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merko Ehitus AS's current EV-to-EBITDA is 13.66, which is 65% above median its own 10-year median of 8.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merko Ehitus AS stock overvalued right now?
Based on GuruFocus' analysis, Merko Ehitus AS (STU:MKS) is currently considered Significantly Overvalued. The stock's GF Value™ is €13.39, compared to a current price of €26.50 — trading 97.9% above its estimated fair value. The current EV-to-EBITDA is 13.66, which is 65% above median its 10-year median of 8.26 and 56% above the Construction industry median of 8.76. Merko Ehitus AS's overall GF Score™ is 70/100 with 9 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 Merko Ehitus AS (STU:MKS), the current EV-to-EBITDA is 13.66 as of Sep. 01, 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 Merko Ehitus AS (STU:MKS) Overvalued in 2026?

Based on GuruFocus' analysis, Merko Ehitus AS stock appears to be overvalued. The current stock price of €26.50 is trading 97.9% above its estimated GF Value™ of €13.39. GuruFocus considers Merko Ehitus AS to be Significantly Overvalued.

Key valuation signals for STU:MKS:

  • EV-to-EBITDA: 13.66 (65% above median its 10-year median of 8.26)
  • GF Value™: €13.39 vs. price of €26.50 (97.9% above fair value)
  • GF Score™: 70/100 with 9 warning signs
  • Industry Position: 56% above the Construction median (#1007 of 1466)

No single metric tells the full story. See the STU:MKS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Merko Ehitus AS Business Description

Other Exchanges MRK1T:Estonia
Address Jarvevana tee 9G, Tallinn, EST, 11314
Merko Ehitus AS is a construction company. The company is engaged in the business of general contracting of construction and on providing complete solutions in professional construction and real estate development. The company operates under two reportable segments: construction service and real estate development. Construction service contributes to the majority of the revenue. The Construction service segment includes all projects of the home markets in general construction, civil engineering, electrical construction and concrete works services. The firm operates mainly in Estonia, Lithuania, Latvia, and Norway. Geographically, the company generates the majority of its revenue from Estonia.
70GF Score

Get the complete analysis for STU:MKS

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€26.50
Price
€13.39
GF Value