Al Waha Capital PJSC (ADX:WAHA) Debt-to-EBITDA : 2.11 (As of Mar. 2026) — 65% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ADX:WAHA Al Waha Capital PJSC ADX:WAHA
62 GF Score
Price د.إ1.86
GF Value د.إ2.55
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Al Waha Capital PJSC Debt-to-EBITDA?

Al Waha Capital PJSC ADX:WAHA +5.08% 62 Debt-to-EBITDA is 2.11 as of Mar. 2026, which is 65% below its 10-year median of 6.03. GuruFocus rates ADX:WAHA with a GF Score™ of 62/100 and a GF Value™ of د.إ2.55 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 387 Asset Management companies, Al Waha Capital PJSC ranks better than 66.15% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Al Waha Capital PJSC's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was د.إ0.0 Mil. Al Waha Capital PJSC's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was د.إ572.6 Mil. Al Waha Capital PJSC's annualized EBITDA for the quarter that ended in Mar. 2026 was د.إ271.7 Mil. Al Waha Capital PJSC's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.11.

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 Al Waha Capital PJSC's Debt-to-EBITDA or its related term are showing as below:

ADX:WAHA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -24.06   Med: 6.03   Max: 17.97
Current: 0.44

During the past 13 years, the highest Debt-to-EBITDA Ratio of Al Waha Capital PJSC was 17.97. The lowest was -24.06. And the median was 6.03.

ADX:WAHA's Debt-to-EBITDA is ranked better than
66.15% of 387 companies
in the Asset Management industry
Industry Median: 1.44 vs ADX:WAHA: 0.44

Al Waha Capital PJSC  (ADX:WAHA) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Al Waha Capital PJSC Debt-to-EBITDA Related Terms


Al Waha Capital PJSC Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Al Waha Capital PJSC'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.

Al Waha Capital PJSC Debt-to-EBITDA Chart

Al Waha Capital PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.58 6.25 5.81 5.41 0.39

Al Waha Capital PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.54 4.52 4.00 0.21 2.11

ADX:WAHA vs BLK, BX, KKR: Debt-to-EBITDA Comparison

For the Asset Management subindustry, Al Waha Capital PJSC'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.


Al Waha Capital PJSC Debt-to-EBITDA vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Al Waha Capital PJSC's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Al Waha Capital PJSC's Debt-to-EBITDA falls into.


ADX:WAHA
62GF Score
Al Waha Capital PJSC ADX:WAHA
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Al Waha Capital PJSC Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Al Waha Capital PJSC's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(543.027 + 34.195) / 1474.48
=0.39

Al Waha Capital PJSC's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 572.559) / 271.716
=2.11

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.11 mean?
Al Waha Capital PJSC (ADX:WAHA) has a Debt-to-EBITDA of 2.11 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 Al Waha Capital PJSC. This is 65% below median its historical median of 6.03. According to the industry distribution chart, Al Waha Capital PJSC ranks #131 out of 387 companies in the Asset Management industry, placing it in the top 33.9%.
Is Al Waha Capital PJSC's Debt-to-EBITDA too high?
Al Waha Capital PJSC's current Debt-to-EBITDA of 2.11 is 65% below median its 10-year median of 6.03. The Asset Management industry median Debt-to-EBITDA is 1.44. Al Waha Capital PJSC's value of 2.11 is 46.5% above this industry median. Based on the distribution chart, Al Waha Capital PJSC ranks #131 out of 387 companies in the Asset Management industry, which is above the industry midpoint. Overall, Al Waha Capital PJSC has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Al Waha Capital PJSC's Debt-to-EBITDA compare to BLK and BX?
According to the Asset Management industry distribution chart, Al Waha Capital PJSC ranks #131 out of 387 companies for Debt-to-EBITDA. This puts Al Waha Capital PJSC in the upper half of its industry. The industry median Debt-to-EBITDA is 1.44. Al Waha Capital PJSC's value of 2.11 is 46.5% above this benchmark. While the company's 10-year median is 6.03 vs. the industry median of 1.44, Al Waha Capital PJSC has consistently been above 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 an Asset Management company?
The median Debt-to-EBITDA among Asset Management companies is 1.44, based on 387 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. Al Waha Capital PJSC's current Debt-to-EBITDA of 2.11 is 46.5% above 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 Al Waha Capital PJSC. For the Asset Management industry, the median Debt-to-EBITDA is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Waha Capital PJSC's current Debt-to-EBITDA is 2.11, which is 65% below median its own 10-year median of 6.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Waha Capital PJSC stock overvalued right now?
Based on GuruFocus' analysis, Al Waha Capital PJSC (ADX:WAHA) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ2.55, compared to a current price of د.إ1.86 — trading 27.1% below its estimated fair value. The current Debt-to-EBITDA is 2.11, which is 65% below median its 10-year median of 6.03 and 46.5% above the Asset Management industry median of 1.44. Al Waha Capital PJSC's overall GF Score™ is 62/100 with 4 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 Al Waha Capital PJSC (ADX:WAHA), the current Debt-to-EBITDA is 2.11 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 Al Waha Capital PJSC (ADX:WAHA) Overvalued in 2026?

Based on GuruFocus' analysis, Al Waha Capital PJSC stock appears to be undervalued. The current stock price of د.إ1.86 is trading 27.1% below its estimated GF Value™ of د.إ2.55. GuruFocus considers Al Waha Capital PJSC to be Modestly Undervalued.

Key valuation signals for ADX:WAHA:

  • Debt-to-EBITDA: 2.11 (65% below median its 10-year median of 6.03)
  • GF Value™: د.إ2.55 vs. price of د.إ1.86 (27.1% below fair value)
  • GF Score™: 62/100 with 4 warning signs
  • Industry Position: 46.5% above the Asset Management median (#131 of 387)

No single metric tells the full story. See the ADX:WAHA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Al Waha Capital PJSC Business Description

Address PO Box 28922, 17th Floor, Al Khatem Tower ADGM, al maryah island, Abu Dhabi, ARE
Al Waha Capital PJSC is engaged in investment management activities carried out directly. The Company's objective is to generate returns from capital appreciation and investment income by investing in a diversified portfolio across public markets, industrial real estate, investments in infrastructure, healthcare, fintech and oil and gas. It has four segments Waha Land, Public Markets, Corporate, and Private Investment. The company generates majority of revenue from Private Investment. The Private Investments segment holds all of the Group's proprietary investments in diversified industries including financial services, infrastructure, oil and gas, fintech and healthcare. Its funds are Waha Emerging Markets Credit Fund, Waha MENA Equity Fund, and Waha Islamic Income Fund.
62GF Score

Get the complete analysis for ADX:WAHA

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

د.إ1.86
Price
د.إ2.55
GF Value