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AperamWBO:APAM -1.48%70 EV-to-EBITDA is 2.69 as of Jul. 20, 2026, which is 49% below its 10-year median of 5.29. GuruFocus rates WBO:APAM with a GF Score™ of 70/100 and a GF Value™ of €26.72 (Significantly Overvalued). The stock has 11 warning signs investors should review. Among 530 Steel companies, Aperam ranks better than 91.13% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Aperam's enterprise value is €4,446 Mil.
Aperam's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €1,651 Mil. Therefore, Aperam's EV-to-EBITDA for today is 2.69.
The historical rank and industry rank for Aperam's EV-to-EBITDA or its related term are showing as below:
WBO:APAM'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 1.37 Med: 5.29 Max: 24.86
Current: 2.69
During the past 13 years, the highest EV-to-EBITDA of Aperam was 24.86. The lowest was 1.37. And the median was 5.29.
WBO:APAM's EV-to-EBITDA is ranked better than 91.13% of 530
companies
in the Steel industry
Industry Median: 9.855
vs WBO:APAM: 2.69
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 (2026-07-20), Aperam's stock price is €46.64.
Aperam's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was €0.410. Therefore, Aperam's PE Ratio (TTM) for today is 113.76.
The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).
Aperam (WBO:APAM) 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.
Aperam's share price for today is €46.64.
Aperam'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 €0.410.
* 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 Aperam'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.
WBO:APAM vs NUE, STLD, RS: EV-to-EBITDA Comparison
For the Steel subindustry, Aperam'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.
Aperam EV-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, Aperam's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Aperam's EV-to-EBITDA falls into.
Aperam's current Enterprise Value is €4,446 Mil.
Aperam'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 €1,651 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.
Aperam (WBO:APAM) has a EV-to-EBITDA of 2.69 as of Jul. 20, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Aperam. This is 49% below median its historical median of 5.29. Over the past decade, Aperam's EV-to-EBITDA has ranged from 1.37 to 24.86. According to the industry distribution chart, Aperam ranks #47 out of 530 companies in the Steel industry, placing it in the top 8.9%.
Is Aperam's EV-to-EBITDA too high?
Aperam's current EV-to-EBITDA of 2.69 is 49% below median its 10-year median of 5.29. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 24.86. The Steel industry median EV-to-EBITDA is 9.86. Aperam's value of 2.69 is 72.7% below this industry median. Based on the distribution chart, Aperam ranks #47 out of 530 companies in the Steel industry, which is in the top quartile — a strong position relative to peers. Overall, Aperam has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aperam's EV-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Aperam ranks #47 out of 530 companies for EV-to-EBITDA. This places Aperam in the top 9% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 9.86. Aperam's value of 2.69 is 72.7% below this benchmark. Historically, Aperam's own EV-to-EBITDA has ranged from 1.37 to 24.86 over the past decade. While the company's 10-year median is 5.29 vs. the industry median of 9.86, Aperam 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 Steel company?
The median EV-to-EBITDA among Steel companies is 9.86, based on 530 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. Aperam's current EV-to-EBITDA of 2.69 is 72.7% 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 Aperam. For the Steel industry, the median EV-to-EBITDA is 9.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aperam's current EV-to-EBITDA is 2.69, which is 49% below median its own 10-year median of 5.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aperam stock overvalued right now?
Based on GuruFocus' analysis, Aperam (WBO:APAM) is currently considered Significantly Overvalued. The stock's GF Value™ is €26.72, compared to a current price of €46.64 — trading 74.6% above its estimated fair value. The current EV-to-EBITDA is 2.69, which is 49% below median its 10-year median of 5.29 and 72.7% below the Steel industry median of 9.86. Aperam's overall GF Score™ is 70/100 with 11 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 Aperam (WBO:APAM), the current EV-to-EBITDA is 2.69 as of Jul. 20, 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 Aperam (WBO:APAM) Overvalued in 2026?
Based on GuruFocus' analysis, Aperam stock appears to be overvalued.
The current stock price of €46.64 is trading 74.6% above its estimated GF Value™ of €26.72.
GuruFocus considers Aperam to be Significantly Overvalued.
Key valuation signals for WBO:APAM:
EV-to-EBITDA: 2.69 (49% below median its 10-year median of 5.29)
GF Value™: €26.72 vs. price of €46.64 (74.6% above fair value)
Industry Position: 72.7% below the Steel median (#47 of 530)
No single metric tells the full story. See the WBO:APAM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aperam SA is a Luxembourg-based stainless and specialty steel producer. The company operates through four segments. Its Stainless and Electrical Steel segment, which generates the majority of revenue, produces a wide range of stainless and electrical steel products for diverse industries. The Services and Solutions segment markets the company's products and provides customized steel transformation services; the Alloys and Specialties segment produces nickel alloys and certain specific stainless steels; and the Recycling & Renewables segment collects, trades, processes, and recycles stainless steel scrap and high-performance alloys. Geographically, the company generates maximum revenue from Europe, and the rest from the Americas, Asia, and Africa.
70GF Score
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