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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 Aspen Aerogels's Debt-to-EBITDA or its related term are showing as below:
ASPN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.51 Med: -0.5 Max: 3.98
Current: -2.37
During the past 13 years, the highest Debt-to-EBITDA Ratio of Aspen Aerogels was 3.98. The lowest was -5.51. And the median was -0.50.
ASPN's Debt-to-EBITDA is ranked worse than 100% of 1405
companies
in the Construction industry
Industry Median: 2.17
vs ASPN: -2.37
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.
Aspen Aerogels Debt-to-EBITDA Related Terms
Aspen Aerogels Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Aspen Aerogels'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.
ASPN vs AIRJ, JLHL, PPIH: Debt-to-EBITDA Comparison
For the Building Products & Equipment subindustry, Aspen Aerogels'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.
Aspen Aerogels Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Aspen Aerogels's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Aspen Aerogels'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.
Aspen Aerogels (ASPN) has a Debt-to-EBITDA of -2.09 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 Aspen Aerogels. According to the industry distribution chart, Aspen Aerogels ranks #999999 out of 1405 companies in the Construction industry.
Is Aspen Aerogels' Debt-to-EBITDA too high?
Aspen Aerogels' current Debt-to-EBITDA is -2.09. Based on the distribution chart, Aspen Aerogels ranks #999999 out of 1405 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Aspen Aerogels has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Aspen Aerogels' Debt-to-EBITDA compare to AIRJ and JLHL?
According to the Construction industry distribution chart, Aspen Aerogels ranks #999999 out of 1405 companies for Debt-to-EBITDA. This places Aspen Aerogels in the lower half of its industry. The industry median Debt-to-EBITDA is 2.17. 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.17, based on 1,405 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. 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 Aspen Aerogels. For the Construction industry, the median Debt-to-EBITDA is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Aerogels's current Debt-to-EBITDA is -2.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Aerogels stock overvalued right now?
Based on GuruFocus' analysis, Aspen Aerogels (ASPN) is currently considered Fairly Valued. The stock's GF Value™ is $5.07, compared to a current price of $5.13 — trading 1.2% above its estimated fair value. The current Debt-to-EBITDA is -2.09. Aspen Aerogels' overall GF Score™ is 68/100 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 Aspen Aerogels (ASPN), the current Debt-to-EBITDA is -2.09 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 Aspen Aerogels (ASPN) Overvalued in 2026?
Based on GuruFocus' analysis, Aspen Aerogels stock appears to be overvalued.
The current stock price of $5.13 is trading 1.2% above its estimated GF Value™ of $5.07.
GuruFocus considers Aspen Aerogels to be Fairly Valued.
Key valuation signals for ASPN:
Debt-to-EBITDA: -2.09
GF Value™: $5.07 vs. price of $5.13 (1.2% above fair value)
No single metric tells the full story. See the ASPN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aspen Aerogels Inc is an aerogel technology company that designs, develops, and manufactures high-performance aerogel insulation used in the energy industrial and sustainable insulation markets. The company also conducts research and development related to aerogel technology, supported by funding from several agencies of the United States of America government and other institutions in the form of research and development contracts. It is engaged in two operating segment Energy Industrial and Thermal Barrier. Geographically, it operates in the U.S. and also has a presence in other International countries. It generates the majority of its revenue from the Thermal Barrier segment and the United States market. Some of its products include Pyrogel XTE, Cryogel Z, Spaceloft Subsea, and others.
68GF Score
Get the complete analysis for ASPN
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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