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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, Net Holding AS's Enterprise Value is ₺23,024 Mil.
Net Holding AS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was ₺4,277 Mil. Therefore, Net Holding AS's EV-to-EBIT ratio for today is 5.38.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Net Holding AS's Enterprise Value is ₺23,024 Mil.
Net Holding AS's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was ₺9,567 Mil. Therefore, Net Holding AS's EV-to-EBITDA ratio for today is 2.41.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Net Holding AS's Enterprise Value is ₺23,024 Mil.
Net Holding AS's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was ₺25,910 Mil. Therefore, Net Holding AS's EV-to-Revenue ratio for today is 0.89.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Net Holding AS's Enterprise Value is ₺23,024 Mil.
Net Holding AS's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was ₺1,706 Mil. Therefore, Net Holding AS's EV-to-FCF ratio for today is 13.49.
*** 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.
Net Holding AS (IST:NTHOL) 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.
Net Holding AS's current Enterprise Value is ₺23,024 Mil.
Net Holding AS's EBIT 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 ₺4,277 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Net Holding AS's current Enterprise Value is ₺23,024 Mil.
Net Holding AS'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 ₺9,567 Mil.
Net Holding AS's current Enterprise Value is ₺23,024 Mil.
Net Holding AS's Revenue 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 ₺25,910 Mil.
Net Holding AS's current Enterprise Value is ₺23,024 Mil.
Net Holding AS's Cash Flow from Operations 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 ₺2,161 Mil.
Net Holding AS's current Enterprise Value is ₺23,024 Mil.
Net Holding AS's Free Cash Flow 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 ₺1,706 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.
Net Holding AS Enterprise Value Related Terms
Net Holding AS Enterprise Value Historical Data
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The historical data trend for Net Holding AS'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.
IST:NTHOL vs BKNG, ABNB, RCL: Enterprise Value Comparison
For the Travel Services subindustry, Net Holding AS'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.
Net Holding AS Enterprise Value vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Net Holding AS's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Net Holding AS'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.
Net Holding AS's Enterprise Value for the fiscal year that ended in Dec. 2025 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.
Net Holding AS (IST:NTHOL) has a Enterprise Value of ₺23,024 Mil as of Jul. 21, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Net Holding AS and its competitors.
Is Net Holding AS's Enterprise Value too high?
Net Holding AS's current Enterprise Value is ₺23,024 Mil. Overall, Net Holding AS has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Net Holding AS's Enterprise Value compare to BKNG and ABNB?
Net Holding AS's Enterprise Value of ₺23,024 Mil can be compared against companies in the Travel & Leisure 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 a Travel & Leisure company?
A good Enterprise Value depends on the Travel & Leisure 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 Net Holding AS and its competitors. Net Holding AS's current Enterprise Value is ₺23,024 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Net Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Net Holding AS (IST:NTHOL) is currently considered Modestly Undervalued. The stock's GF Value™ is ₺56.10, compared to a current price of ₺44.10 — trading 21.4% below its estimated fair value. The current Enterprise Value is ₺23,024 Mil. Net Holding AS's overall GF Score™ is 71/100 with 4 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 Net Holding AS (IST:NTHOL), the current Enterprise Value is ₺23,024 Mil as of Jul. 21, 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 Net Holding AS (IST:NTHOL) Overvalued in 2026?
Based on GuruFocus' analysis, Net Holding AS stock appears to be undervalued.
The current stock price of ₺44.10 is trading 21.4% below its estimated GF Value™ of ₺56.10.
GuruFocus considers Net Holding AS to be Modestly Undervalued.
Key valuation signals for IST:NTHOL:
Enterprise Value: ₺23,024 Mil
GF Value™: ₺56.10 vs. price of ₺44.10 (21.4% below fair value)
No single metric tells the full story. See the IST:NTHOL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Net Holding AS is a Turkey-based holding company which mainly provides tourism services. It manages its business through five reportable segments, namely, tourism, finance, publication, holding and others. As a tourism company, its major revenues come from the tourism segment. The tourism segment comprises of hotel and accommodation, touristic shopping, managing duty-free shops and car rentals. Through the publishing segment, the company publishes books and runs bookstores. The Holding segment refers to the company's business of managing its net group of companies and the other segment provides construction and agriculture-related services. The company's geographical segments are TRNC(Turkish Republic of Northern Cyprus), Croatia, Montenegro, Bulgaria, and Turkey.
71GF Score
Get the complete analysis for IST:NTHOL
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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