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.
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.
Array TechnologiesARRY -4.14%70 Debt-to-EBITDA is 3.54 as of Jun. 2026, which is 14% above its 10-year median of 3.10. GuruFocus rates ARRY with a GF Score™ of 70/100 and a GF Value™ of $8.74 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 731 Semiconductors companies, Array Technologies ranks worse than 99.32% 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 Array Technologies's Debt-to-EBITDA or its related term are showing as below:
ARRY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.67 Med: 3.1 Max: 1417.02
Current: 103.85
During the past 8 years, the highest Debt-to-EBITDA Ratio of Array Technologies was 1417.02. The lowest was -4.67. And the median was 3.10.
ARRY's Debt-to-EBITDA is ranked worse than 99.32% of 731
companies
in the Semiconductors industry
Industry Median: 1.47
vs ARRY: 103.85
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.
Array Technologies Debt-to-EBITDA Related Terms
Array Technologies Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Array Technologies'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.
ARRY vs JKS, CSIQ, TOYO: Debt-to-EBITDA Comparison
For the Solar subindustry, Array Technologies'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.
Array Technologies Debt-to-EBITDA vs Semiconductors Industry
For the Semiconductors industry and Technology sector, Array Technologies's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Array Technologies'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 (Jun. 2026) EBITDA data.
Array Technologies (ARRY) has a Debt-to-EBITDA of 3.54 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Array Technologies. This is 14% above median its historical median of 3.10. According to the industry distribution chart, Array Technologies ranks #726 out of 731 companies in the Semiconductors industry, placing it in the top 99.3%.
Is Array Technologies' Debt-to-EBITDA too high?
Array Technologies' current Debt-to-EBITDA of 3.54 is 14% above median its 10-year median of 3.10. The Semiconductors industry median Debt-to-EBITDA is 1.47. Array Technologies' value of 3.54 is 140.8% above this industry median. Based on the distribution chart, Array Technologies ranks #726 out of 731 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Array Technologies has a GF Score™ of 70/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Array Technologies' Debt-to-EBITDA compare to JKS and CSIQ?
According to the Semiconductors industry distribution chart, Array Technologies ranks #726 out of 731 companies for Debt-to-EBITDA. This places Array Technologies in the lower half of its industry. The industry median Debt-to-EBITDA is 1.47. Array Technologies' value of 3.54 is 140.8% above this benchmark. While the company's 10-year median is 3.10 vs. the industry median of 1.47, Array Technologies 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 a Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.47, based on 731 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. Array Technologies's current Debt-to-EBITDA of 3.54 is 140.8% 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 Array Technologies. For the Semiconductors industry, the median Debt-to-EBITDA is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Array Technologies's current Debt-to-EBITDA is 3.54, which is 14% above median its own 10-year median of 3.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Array Technologies stock overvalued right now?
Based on GuruFocus' analysis, Array Technologies (ARRY) is currently considered Possible Value Trap. The stock's GF Value™ is $8.74, compared to a current price of $5.31 — trading 39.2% below its estimated fair value. The current Debt-to-EBITDA is 3.54, which is 14% above median its 10-year median of 3.10 and 140.8% above the Semiconductors industry median of 1.47. Array Technologies' overall GF Score™ is 70/100 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 Array Technologies (ARRY), the current Debt-to-EBITDA is 3.54 as of Jun. 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 Array Technologies (ARRY) Overvalued in 2026?
Based on GuruFocus' analysis, Array Technologies stock appears to be undervalued.
The current stock price of $5.31 is trading 39.2% below its estimated GF Value™ of $8.74.
GuruFocus considers Array Technologies to be Possible Value Trap.
Key valuation signals for ARRY:
Debt-to-EBITDA: 3.54 (14% above median its 10-year median of 3.10)
GF Value™: $8.74 vs. price of $5.31 (39.2% below fair value)
Industry Position: 140.8% above the Semiconductors median (#726 of 731)
No single metric tells the full story. See the ARRY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Array Technologies Inc manufacturer of ground-mounting systems used in solar energy projects. The company's segments include: the Array legacy operating segment (Array Legacy Operations) and the STI Operations operating segment (STI Operations). It derives maximum revenue from the Array legacy operating segment. Its product is an integrated system of steel supports, electric motors, gearboxes, and electronic controllers referred to as a single-axis tracker that moves solar panels throughout the day to maintain an optimal orientation to the sun, which increases their energy production. Geographically, the company's operations are in the United States, Australia, Spain, Brazil, and the rest of the world, with the United States deriving the majority of the revenue.
70GF Score
Get the complete analysis for ARRY
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ARRY has been successfully added to your 
