StepStone EV/EBIT STEP
Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2021.
- Today, Oct 23, 2026
- n/m
- an operating loss
- Last meaningful
- 47.2×
- Jan 2025
- 5-year median
- 18.9×
- 5-year range
- 4.7× to 134×
- Peer median
- 11.8×
StepStone has no meaningful EV/EBIT today: it made an operating loss of $495.6M over the last twelve months.
It was last meaningful in Jan 2025, at 47.2×.
On the days it had one over the last 5 years, its median was 18.9×, from 4.7× in May 2022 to 134× in Sep 2023.
EV/EBIT over time
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2025 | 47.2× | 42.6× | 47.5× |
| 2024 | 44.1× | 21.5× | 50.2× |
| 2023 | 21.7× | 16.7× | 134× |
| 2022 | 16.1× | 4.7× | 20.6× |
| 2021 | 8.3× | 7.0× | 10.8× |
Against its peers
Companies in Asset Management nearest StepStone's size, closest first, today.
| Company | EV/EBIT |
|---|---|
| STEPStepStone | n/m |
| HASIHA Sustainable Infrastructure Capital | 8.0× |
| HLNEHamilton Lane INC | 8.6× |
| DLBDolby Laboratories | 22.1× |
| MCMoelis | 15.4× |
| FHIFederated Hermes | 8.0× |
| LAZLazard | 12.2× |
| VCTRVictory Capital | 11.3× |
| CNSCohen & Steers | 16.9× |
| AAMIAcadian Asset Management | 21.8× |
| ABAlliancebernstein | 9.5× |
| Peer median | 11.8× |
What the EV/EBIT tells you
What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.
Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.
More on StepStone
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.