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Airtel AfricaAARTY +5.41%65 Debt-to-EBITDA is 1.90 as of Mar. 2026, which is 32% below its 10-year median of 2.81. GuruFocus rates AARTY with a GF Score™ of 65/100 and a GF Value™ of $16.30 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 302 Telecommunication Services companies, Airtel Africa ranks better than 50% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Airtel Africa's Debt-to-EBITDA or its related term are showing as below:
AARTY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.73 Med: 2.81 Max: 21.7
Current: 1.99
During the past 10 years, the highest Debt-to-EBITDA Ratio of Airtel Africa was 21.70. The lowest was 1.73. And the median was 2.81.
AARTY's Debt-to-EBITDA is ranked better than 50% of 302
companies
in the Telecommunication Services industry
Industry Median: 2
vs AARTY: 1.99
Airtel Africa (OTCPK:AARTY) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Airtel Africa Debt-to-EBITDA Related Terms
Airtel Africa Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Airtel Africa's Debt-to-EBITDA 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.
For the Telecom Services subindustry, Airtel Africa's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.
Airtel Africa Debt-to-EBITDA vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, Airtel Africa's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Airtel Africa's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Airtel Africa (AARTY) has a Debt-to-EBITDA of 1.90 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Airtel Africa. This is 32% below median its historical median of 2.81. Over the past decade, Airtel Africa's Debt-to-EBITDA has ranged from 1.73 to 21.70. According to the industry distribution chart, Airtel Africa ranks #151 out of 302 companies in the Telecommunication Services industry, placing it in the top 50%.
Is Airtel Africa's Debt-to-EBITDA too high?
Airtel Africa's current Debt-to-EBITDA of 1.90 is 32% below median its 10-year median of 2.81. Over the past 10 years, this metric has ranged from a low of 1.73 to a high of 21.70. The Telecommunication Services industry median Debt-to-EBITDA is 2.00. Airtel Africa's value of 1.90 is 5% below this industry median. Based on the distribution chart, Airtel Africa ranks #151 out of 302 companies in the Telecommunication Services industry, which is above the industry midpoint. Overall, Airtel Africa has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Airtel Africa's Debt-to-EBITDA compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, Airtel Africa ranks #151 out of 302 companies for Debt-to-EBITDA. This puts Airtel Africa in the upper half of its industry. The industry median Debt-to-EBITDA is 2.00. Airtel Africa's value of 1.90 is 5% below this benchmark. Historically, Airtel Africa's own Debt-to-EBITDA has ranged from 1.73 to 21.70 over the past decade. While the company's 10-year median is 2.81 vs. the industry median of 2.00, Airtel Africa has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Telecommunication Services company?
The median Debt-to-EBITDA among Telecommunication Services companies is 2.00, based on 302 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Airtel Africa's current Debt-to-EBITDA of 1.90 is 5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Airtel Africa. For the Telecommunication Services industry, the median Debt-to-EBITDA is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Airtel Africa's current Debt-to-EBITDA is 1.90, which is 32% below median its own 10-year median of 2.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Airtel Africa stock overvalued right now?
Based on GuruFocus' analysis, Airtel Africa (AARTY) is currently considered Significantly Overvalued. The stock's GF Value™ is $16.30, compared to a current price of $49.65 — trading 204.6% above its estimated fair value. The current Debt-to-EBITDA is 1.90, which is 32% below median its 10-year median of 2.81 and 5% below the Telecommunication Services industry median of 2.00. Airtel Africa's overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Airtel Africa (AARTY), the current Debt-to-EBITDA is 1.90 as of Mar. 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 Airtel Africa (AARTY) Overvalued in 2026?
Based on GuruFocus' analysis, Airtel Africa stock appears to be overvalued.
The current stock price of $49.65 is trading 204.6% above its estimated GF Value™ of $16.30.
GuruFocus considers Airtel Africa to be Significantly Overvalued.
Key valuation signals for AARTY:
Debt-to-EBITDA: 1.90 (32% below median its 10-year median of 2.81)
GF Value™: $16.30 vs. price of $49.65 (204.6% above fair value)
Industry Position: 5% below the Telecommunication Services median (#151 of 302)
No single metric tells the full story. See the AARTY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Airtel Africa PLC is a telecoms and financial services provider transforming lives across the continent through increased digital and financial inclusion. The principal activities of the Group mainly consist of the provision of telecommunications and mobile money services. Its services include Voice, Data, Mobile money, Enterprise, and Data centers. The Group's operating segments are Nigeria mobile services, East Africa mobile services, Francophone Africa mobile services, and Mobile money. It generates maximum revenue from East Africa mobile services, comprising mobile service operations in Uganda, Kenya, Zambia, Tanzania, Malawi, and Rwanda.
65GF Score
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