Starhedge (WAR:SHG) EV-to-EBITDA: 48.80 (As of Aug. 22, 2026) — 305% 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.

WAR:SHG Starhedge SA WAR:SHG
32 GF Score
Price zł0.20
GF Value zł0.14
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Starhedge EV-to-EBITDA?

Starhedge WAR:SHG 32 EV-to-EBITDA is 48.80 as of Aug. 22, 2026, which is 305% above its 10-year median of 12.05. GuruFocus rates WAR:SHG with a GF Score™ of 32/100 and a GF Value™ of zł0.14 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 773 Semiconductors companies, Starhedge ranks worse than 73.48% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Starhedge's enterprise value is zł28.84 Mil. Starhedge's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was zł0.59 Mil. Therefore, Starhedge's EV-to-EBITDA for today is 48.80.

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

WAR:SHG' s EV-to-EBITDA Range Over the Past 10 Years
Min: -1817.71   Med: 12.05   Max: 1089.28
Current: 48.8

During the past 13 years, the highest EV-to-EBITDA of Starhedge was 1089.28. The lowest was -1817.71. And the median was 12.05.

WAR:SHG's EV-to-EBITDA is ranked worse than
73.48% of 773 companies
in the Semiconductors industry
Industry Median: 21.13 vs WAR:SHG: 48.80

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 (2026-08-22), Starhedge's stock price is zł0.204. Starhedge's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was zł0.005. Therefore, Starhedge's PE Ratio (TTM) for today is 40.80.

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


Starhedge  (WAR:SHG) 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.

Starhedge's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=0.204/0.005
=40.80

Starhedge's share price for today is zł0.204.
Starhedge's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł0.005.

* 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?


Starhedge EV-to-EBITDA Related Terms


Starhedge EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Starhedge'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.

Starhedge EV-to-EBITDA Chart

Starhedge Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.68 17.82 6.25 12.54 -5.40

Starhedge Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Mar26
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 -5.40 -5.34 -4.43 -3.50 56.91

WAR:SHG vs FSLR, NXT, ENPH: EV-to-EBITDA Comparison

For the Solar subindustry, Starhedge'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.


Starhedge EV-to-EBITDA vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Starhedge's EV-to-EBITDA distribution charts can be found below:

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


WAR:SHG
32GF Score
Starhedge SA WAR:SHG
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Starhedge EV-to-EBITDA Calculation

Starhedge's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=28.843/0.591
=48.80

Starhedge's current Enterprise Value is zł28.84 Mil.
Starhedge's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was zł0.59 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 48.80 mean?
Starhedge (WAR:SHG) has a EV-to-EBITDA of 48.80 as of Aug. 22, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Starhedge. This is 305% above median its historical median of 12.05. According to the industry distribution chart, Starhedge ranks #568 out of 773 companies in the Semiconductors industry, placing it in the top 73.5%.
Is Starhedge's EV-to-EBITDA too high?
Starhedge's current EV-to-EBITDA of 48.80 is 305% above median its 10-year median of 12.05. The Semiconductors industry median EV-to-EBITDA is 21.13. Starhedge's value of 48.80 is 131% above this industry median. Based on the distribution chart, Starhedge ranks #568 out of 773 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Starhedge has a GF Score™ of 32/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Starhedge's EV-to-EBITDA compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Starhedge ranks #568 out of 773 companies for EV-to-EBITDA. This places Starhedge in the lower half of its industry. The industry median EV-to-EBITDA is 21.13. Starhedge's value of 48.80 is 131% above this benchmark. While the company's 10-year median is 12.05 vs. the industry median of 21.13, Starhedge 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 Semiconductors company?
The median EV-to-EBITDA among Semiconductors companies is 21.13, based on 773 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. Starhedge's current EV-to-EBITDA of 48.80 is 131% 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 Starhedge. For the Semiconductors industry, the median EV-to-EBITDA is 21.13 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starhedge's current EV-to-EBITDA is 48.80, which is 305% above median its own 10-year median of 12.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starhedge stock overvalued right now?
Based on GuruFocus' analysis, Starhedge (WAR:SHG) is currently considered Significantly Overvalued. The stock's GF Value™ is zł0.14, compared to a current price of zł0.20 — trading 45.7% above its estimated fair value. The current EV-to-EBITDA is 48.80, which is 305% above median its 10-year median of 12.05 and 131% above the Semiconductors industry median of 21.13. Starhedge's overall GF Score™ is 32/100 with 8 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 Starhedge (WAR:SHG), the current EV-to-EBITDA is 48.80 as of Aug. 22, 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 Starhedge (WAR:SHG) Overvalued in 2026?

Based on GuruFocus' analysis, Starhedge stock appears to be overvalued. The current stock price of zł0.20 is trading 45.7% above its estimated GF Value™ of zł0.14. GuruFocus considers Starhedge to be Significantly Overvalued.

Key valuation signals for WAR:SHG:

  • EV-to-EBITDA: 48.80 (305% above median its 10-year median of 12.05)
  • GF Value™: zł0.14 vs. price of zł0.20 (45.7% above fair value)
  • GF Score™: 32/100 with 8 warning signs
  • Industry Position: 131% above the Semiconductors median (#568 of 773)

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


Starhedge Business Description

Address Ul. Pankiewicza 3, Warsaw, POL, 00 696
Starhedge SA is a Poland-based company active in the renewable energy sector. The company has made investments in the renewable energy sector by acquiring shares in companies that own photovoltaic panels and specialize in services related to the sale and distribution of energy.
32GF Score

Get the complete analysis for WAR:SHG

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

zł0.20
Price
zł0.14
GF Value