Tabcorp Holdings Ltd
ASX:TAH

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Tabcorp Holdings Ltd
ASX:TAH
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Price: 1.11 AUD Market Closed
Market Cap: AU$2.5B

EV/S

1.2
Current
35%
More Expensive
vs 3-y average of 0.9

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

EV/S
1.2
=
Enterprise Value
AU$2.7B
/
Revenue
AU$2.6B

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

EV/S
1.2
=
Enterprise Value
AU$2.7B
/
Revenue
AU$2.6B

Valuation Scenarios

Tabcorp Holdings Ltd is trading above its 3-year average

If EV/S returns to its 3-Year Average (0.9), the stock would be worth AU$0.82 (26% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-26%
Maximum Upside
+262%
Average Upside
63%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 1.2 AU$1.11
0%
3-Year Average 0.9 AU$0.82
-26%
5-Year Average 0.9 AU$0.82
-26%
Industry Average 1.7 AU$1.57
+42%
Country Average 4.3 AU$4.02
+262%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
AU$2.7B
/
Jan 2026
AU$2.6B
=
1.2
Current
AU$2.7B
/
Jun 2026
AU$2.7B
=
1
Forward
AU$2.7B
/
Jun 2027
AU$2.8B
=
1
Forward
AU$2.7B
/
Jun 2028
AU$2.8B
=
1
Forward
AU$2.7B
/
Jun 2029
AU$2.9B
=
0.9
Forward
AU$2.7B
/
Jun 2030
AU$3B
=
0.9
Forward
AU$2.7B
/
Jun 2031
AU$3.1B
=
0.9
Forward
AU$2.7B
/
Jun 2032
AU$3.3B
=
0.8
Forward
AU$2.7B
/
Jun 2033
AU$3.4B
=
0.8
Forward

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

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close

Market Distribution

Lower than 81% of companies in Australia
Percentile
19th
Based on 1 982 companies
19th percentile
1.2
Low
0 — 1.9
Typical Range
1.9 — 14.5
High
14.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 1.9
Median 4.3
70th Percentile 14.5
Max 1 646 389.2

Tabcorp Holdings Ltd
Glance View

Tabcorp Holdings Ltd. engages in the provision of entertainment services. The company is headquartered in Melbourne, Victoria. The firm operates its business through three segments: Lotteries and Keno, Wagering and Media, and Gaming Services. Lotteries and Keno business segment is a lottery operator with licenses to operate in certain Australian states and territories. Wagering and Media segment provides totalizator and fixed odds betting and retail wagering networks, and global racing media business. Gaming Services segment includes game machine monitoring operations in New South Wales, Queensland and the Northern Territory and venue services nationwide. The company operates through various brands, including Set for Life, Powerball, Oz Lotto, TattsLotto, Saturday Lotto, Gold Lotto, X Lotto, Monday and Wednesday Lotto, Lucky Lotteries, Lotto Strike, Super 66, Keno and Instant Scratch-Its.

TAH Intrinsic Value
0.97 AUD
Overvaluation 12%
Intrinsic Value
Price AU$1.11
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