Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ninety One's Enterprise Value is €-14,028.7 Mil.
Ninety One's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €243.1 Mil. Therefore, Ninety One's EV-to-EBIT ratio for today is -57.70.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Ninety One's Enterprise Value is €-14,028.7 Mil.
Ninety One's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €264.8 Mil. Therefore, Ninety One's EV-to-EBITDA ratio for today is -52.98.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Ninety One's Enterprise Value is €-14,028.7 Mil.
Ninety One's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €879.6 Mil. Therefore, Ninety One's EV-to-Revenue ratio for today is -15.95.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Ninety One's Enterprise Value is €-14,028.7 Mil.
Ninety One's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €190.8 Mil. Therefore, Ninety One's EV-to-FCF ratio for today is -73.52.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Ninety One (FRA:L91) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Ninety One's current Enterprise Value is €-14,028.7 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ninety One's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €243.1 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Ninety One's current Enterprise Value is €-14,028.7 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ninety One's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €264.8 Mil.
Ninety One's current Enterprise Value is €-14,028.7 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ninety One's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €879.6 Mil.
Ninety One's current Enterprise Value is €-14,028.7 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ninety One's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was €199.0 Mil.
Ninety One's current Enterprise Value is €-14,028.7 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Ninety One's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €190.8 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.
Ninety One Enterprise Value Related Terms
Ninety One Enterprise Value Historical Data
* Premium members only.
The historical data trend for Ninety One's Enterprise Value 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.
FRA:L91 vs BLK, BX, KKR: Enterprise Value Comparison
For the Asset Management subindustry, Ninety One's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
Ninety One Enterprise Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ninety One's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Ninety One's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Ninety One's Enterprise Value for the fiscal year that ended in Mar. 2026 is calculated as
* 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.
What does a Enterprise Value of €-14,028.7 Mil mean?
Ninety One (FRA:L91) has a Enterprise Value of €-14,028.7 Mil as of Jun. 30, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Ninety One and its competitors.
Is Ninety One's Enterprise Value too high?
Ninety One's current Enterprise Value is €-14,028.7 Mil. Overall, Ninety One has a GF Score™ of 74/100, reflecting its overall financial health beyond just this single metric.
How does Ninety One's Enterprise Value compare to BLK and BX?
Ninety One's Enterprise Value of €-14,028.7 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Asset Management company?
A good Enterprise Value depends on the Asset Management industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Ninety One and its competitors. Ninety One's current Enterprise Value is €-14,028.7 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ninety One stock overvalued right now?
Ninety One (FRA:L91) has a current Enterprise Value of €-14,028.7 Mil. The stock's GF Value™ is €2.12, compared to a current price of €2.22 — trading 4.7% above its estimated fair value. The current Enterprise Value is €-14,028.7 Mil. Ninety One's overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Ninety One (FRA:L91), the current Enterprise Value is €-14,028.7 Mil as of Jun. 30, 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 Ninety One (FRA:L91) Overvalued in 2026?
Based on GuruFocus' analysis, Ninety One stock appears to be overvalued.
The current stock price of €2.22 is trading 4.7% above its estimated GF Value™ of €2.12.
Key valuation signals for FRA:L91:
Enterprise Value: €-14,028.7 Mil
GF Value™: €2.12 vs. price of €2.22 (4.7% above fair value)
No single metric tells the full story. See the FRA:L91 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ninety One Ltd is an asset manager. The company provides a range of differentiated strategies managed by its specialist investment teams, providing access to a diverse range of asset classes and regions. It serves its client base via five regional teams namely Africa, the United Kingdom, Asia Pacific, the Americas and Europe and across two distribution channels Institutional and Advisor. Institutional clients include private and public sector pension funds, sovereign wealth funds, insurers, corporates, foundations and central banks, while Advisor clients include large retail groups, wealth managers, private banks and intermediaries serving individual investors.
74GF Score
Get the complete analysis for FRA:L91
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:L91 has been successfully added to your 
