Objective Corporation Ltd
ASX:OCL

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Objective Corporation Ltd
ASX:OCL
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Price: 12.21 AUD 2.18% Market Closed
Market Cap: AU$1.2B

EV/EBIT

24.2
Current
37%
Cheaper
vs 3-y average of 38.4

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
24.2
=
Enterprise Value
AU$978.3m
/
EBIT
AU$44.8m

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
24.2
=
Enterprise Value
AU$978.3m
/
EBIT
AU$44.8m

Valuation Scenarios

Objective Corporation Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (38.4), the stock would be worth AU$19.42 (59% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-30%
Maximum Upside
+93%
Average Upside
44%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 24.2 AU$12.21
0%
3-Year Average 38.4 AU$19.42
+59%
5-Year Average 46.8 AU$23.62
+93%
Industry Average 36.9 AU$18.62
+52%
Country Average 16.8 AU$8.49
-30%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
AU$978.3m
/
Jan 2026
AU$44.8m
=
24.2
Current
AU$978.3m
/
Jun 2026
AU$42.1m
=
23.3
Forward
AU$978.3m
/
Jun 2027
AU$47m
=
20.8
Forward
AU$978.3m
/
Jun 2028
AU$53.2m
=
18.4
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
AU
Objective Corporation Ltd
ASX:OCL
1.2B AUD 24.2 32.5
US
Ezenia! Inc
OTC:EZEN
567B USD -177 298 -180 630.8
US
Palantir Technologies Inc
NASDAQ:PLTR
337.4B USD 234.2 208
DE
SAP SE
XETRA:SAP
164.1B EUR 16.2 23.4
US
Salesforce Inc
NYSE:CRM
162.4B USD 18.6 22.1
US
Applovin Corp
NASDAQ:APP
153.7B USD 36.4 45.1
US
Intuit Inc
NASDAQ:INTU
106.4B USD 20.1 24.8
US
Adobe Inc
NASDAQ:ADBE
97B USD 10.7 13.6
US
Synopsys Inc
NASDAQ:SNPS
87.5B USD 104.6 86.4
US
NCR Corp
LSE:0K45
86.7B USD 604.2 2 065.2
US
Cadence Design Systems Inc
NASDAQ:CDNS
85.4B USD 54 81.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
Objective Corporation Ltd
ASX:OCL
Average EV/EBIT: 112.3
24.2
9%
2.7
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -177 298 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
234.2
82%
2.9
DE
SAP SE
XETRA:SAP
16.2
15%
1.1
US
Salesforce Inc
NYSE:CRM
18.6
29%
0.6
US
Applovin Corp
NASDAQ:APP
36.4
37%
1
US
Intuit Inc
NASDAQ:INTU
20.1
31%
0.6
US
Adobe Inc
NASDAQ:ADBE
10.7
17%
0.6
US
Synopsys Inc
NASDAQ:SNPS
104.6
79%
1.3
US
N
NCR Corp
LSE:0K45
604.2
23%
26.3
US
Cadence Design Systems Inc
NASDAQ:CDNS
54
28%
1.9
P/E Multiple
Earnings Growth PEG
AU
Objective Corporation Ltd
ASX:OCL
Average P/E: 260.2
32.5
8%
4.1
US
Ezenia! Inc
OTC:EZEN
Negative Multiple: -180 630.8 N/A N/A
US
Palantir Technologies Inc
NASDAQ:PLTR
208
58%
3.6
DE
SAP SE
XETRA:SAP
23.4
17%
1.4
US
Salesforce Inc
NYSE:CRM
22.1
29%
0.8
US
Applovin Corp
NASDAQ:APP
45.1
38%
1.2
US
Intuit Inc
NASDAQ:INTU
24.8
30%
0.8
US
Adobe Inc
NASDAQ:ADBE
13.6
20%
0.7
US
Synopsys Inc
NASDAQ:SNPS
86.4
44%
2
US
N
NCR Corp
LSE:0K45
2 065.2
52%
39.7
US
Cadence Design Systems Inc
NASDAQ:CDNS
81.3
39%
2.1

Market Distribution

In line with most companies in Australia
Percentile
70th
Based on 1 236 companies
70th percentile
24.2
Low
0 — 10.7
Typical Range
10.7 — 24.5
High
24.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 10.7
Median 16.8
70th Percentile 24.5
Max 6 797.5

Objective Corporation Ltd
Glance View

Objective Corp. Ltd. engages in the supply of information technology software and services. The company is headquartered in North Sydney, New South Wales. The company went IPO on 2000-08-17. The firm operates through four segments: Objective Content Solutions, Objective RegTech, Objective Planning Solutions and Objective Keystone. Objective Content Solutions products enable customers to collaborate with external organizations with the security, information governance and auditability demanded by government. Objective RegTech products are focused on the delivery of government regulation technology solutions. Objective Planning Solutions products digitally transform development application plan reviews and assessments. Objective Keystone products that improve efficiency and deliver government in the process of authoring, reviewing, engaging with and publishing documents.

OCL Intrinsic Value
9.72 AUD
Overvaluation 20%
Intrinsic Value
Price AU$12.21
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