TMRAY (Tomra Systems ASA) EV-to-EBITDA: 13.53 (As of Jul. 18, 2026) — 31% Below Median

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TMRAY Tomra Systems ASA TMRAY
91 GF Score
Price $11.43
GF Value $16.20
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Tomra Systems ASA EV-to-EBITDA?

Tomra Systems ASA TMRAY +11.25% 91 EV-to-EBITDA is 13.53 as of Jul. 18, 2026, which is 31% below its 10-year median of 19.62. GuruFocus rates TMRAY with a GF Score™ of 91/100 and a GF Value™ of $16.20 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 175 Waste Management companies, Tomra Systems ASA ranks worse than 51.43% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Tomra Systems ASA's enterprise value is $4,157 Mil. Tomra Systems ASA's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $307 Mil. Therefore, Tomra Systems ASA's EV-to-EBITDA for today is 13.53.

The historical rank and industry rank for Tomra Systems ASA's EV-to-EBITDA or its related term are showing as below:

TMRAY' s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.98   Med: 19.62   Max: 33.87
Current: 13.33

During the past 13 years, the highest EV-to-EBITDA of Tomra Systems ASA was 33.87. The lowest was 9.98. And the median was 19.62.

TMRAY's EV-to-EBITDA is ranked worse than
51.43% of 175 companies
in the Waste Management industry
Industry Median: 11.32 vs TMRAY: 13.33

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 (2026-07-18), Tomra Systems ASA's stock price is $11.4252. Tomra Systems ASA's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $0.338. Therefore, Tomra Systems ASA's PE Ratio (TTM) for today is 33.80.

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


Tomra Systems ASA  (OTCPK:TMRAY) 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.

Tomra Systems ASA's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=11.4252/0.338
=33.80

Tomra Systems ASA's share price for today is $11.4252.
Tomra Systems ASA'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 $0.338.

* 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?


Tomra Systems ASA EV-to-EBITDA Related Terms


Tomra Systems ASA EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tomra Systems ASA'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.

Tomra Systems ASA EV-to-EBITDA Chart

Tomra Systems ASA 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 38.41 21.84 18.06 16.56 14.77

Tomra Systems ASA 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 16.30 16.59 14.77 14.02 11.76

TMRAY vs WM, RSG, WCN: EV-to-EBITDA Comparison

For the Waste Management subindustry, Tomra Systems ASA'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.


Tomra Systems ASA EV-to-EBITDA vs Waste Management Industry

For the Waste Management industry and Industrials sector, Tomra Systems ASA's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tomra Systems ASA's EV-to-EBITDA falls into.


TMRAY
91GF Score
Tomra Systems ASA TMRAY
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tomra Systems ASA EV-to-EBITDA Calculation

Tomra Systems ASA's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=4156.592/307.215
=13.53

Tomra Systems ASA's current Enterprise Value is $4,157 Mil.
Tomra Systems ASA'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 $307 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 13.53 mean?
Tomra Systems ASA (TMRAY) has a EV-to-EBITDA of 13.53 as of Jul. 18, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Tomra Systems ASA. This is 31% below median its historical median of 19.62. Over the past decade, Tomra Systems ASA's EV-to-EBITDA has ranged from 9.98 to 33.87. According to the industry distribution chart, Tomra Systems ASA ranks #90 out of 175 companies in the Waste Management industry, placing it in the top 51.4%.
Is Tomra Systems ASA's EV-to-EBITDA too high?
Tomra Systems ASA's current EV-to-EBITDA of 13.53 is 31% below median its 10-year median of 19.62. Over the past 10 years, this metric has ranged from a low of 9.98 to a high of 33.87. The Waste Management industry median EV-to-EBITDA is 11.32. Tomra Systems ASA's value of 13.53 is 19.5% above this industry median. Based on the distribution chart, Tomra Systems ASA ranks #90 out of 175 companies in the Waste Management industry, which is below the industry midpoint. Overall, Tomra Systems ASA has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tomra Systems ASA's EV-to-EBITDA compare to WM and RSG?
According to the Waste Management industry distribution chart, Tomra Systems ASA ranks #90 out of 175 companies for EV-to-EBITDA. This places Tomra Systems ASA in the lower half of its industry. The industry median EV-to-EBITDA is 11.32. Tomra Systems ASA's value of 13.53 is 19.5% above this benchmark. Historically, Tomra Systems ASA's own EV-to-EBITDA has ranged from 9.98 to 33.87 over the past decade. While the company's 10-year median is 19.62 vs. the industry median of 11.32, Tomra Systems ASA 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 Waste Management company?
The median EV-to-EBITDA among Waste Management companies is 11.32, based on 175 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. Tomra Systems ASA's current EV-to-EBITDA of 13.53 is 19.5% 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 Tomra Systems ASA. For the Waste Management industry, the median EV-to-EBITDA is 11.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomra Systems ASA's current EV-to-EBITDA is 13.53, which is 31% below median its own 10-year median of 19.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomra Systems ASA stock overvalued right now?
Based on GuruFocus' analysis, Tomra Systems ASA (TMRAY) is currently considered Modestly Undervalued. The stock's GF Value™ is $16.20, compared to a current price of $11.43 — trading 29.5% below its estimated fair value. The current EV-to-EBITDA is 13.53, which is 31% below median its 10-year median of 19.62 and 19.5% above the Waste Management industry median of 11.32. Tomra Systems ASA's overall GF Score™ is 91/100 with 3 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 Tomra Systems ASA (TMRAY), the current EV-to-EBITDA is 13.53 as of Jul. 18, 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 Tomra Systems ASA (TMRAY) Overvalued in 2026?

Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued. The current stock price of $11.43 is trading 29.5% below its estimated GF Value™ of $16.20. GuruFocus considers Tomra Systems ASA to be Modestly Undervalued.

Key valuation signals for TMRAY:

  • EV-to-EBITDA: 13.53 (31% below median its 10-year median of 19.62)
  • GF Value™: $16.20 vs. price of $11.43 (29.5% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 19.5% above the Waste Management median (#90 of 175)

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


Tomra Systems ASA Business Description

Address Drengsrudhagen 2, Asker, NOR, 1385
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
91GF Score

Get the complete analysis for TMRAY

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

$11.43
Price
$16.20
GF Value