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Aspen GroupASX:APZ +0.61%81 Debt-to-EBITDA is 2.00 as of Dec. 2025, which is 16% below its 10-year median of 2.39. GuruFocus rates ASX:APZ with a GF Score™ of 81/100 and a GF Value™ of A$3.04 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,275 Real Estate companies, Aspen Group ranks better than 73.02% 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 Aspen Group's Debt-to-EBITDA or its related term are showing as below:
ASX:APZ'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.22 Med: 2.39 Max: 4.13
Current: 2.32
During the past 13 years, the highest Debt-to-EBITDA Ratio of Aspen Group was 4.13. The lowest was -6.22. And the median was 2.39.
ASX:APZ's Debt-to-EBITDA is ranked better than 73.02% of 1275
companies
in the Real Estate industry
Industry Median: 5.62
vs ASX:APZ: 2.32
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 Group Debt-to-EBITDA Related Terms
Aspen Group Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Aspen Group'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 Real Estate - Diversified subindustry, Aspen Group'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 Group Debt-to-EBITDA vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Aspen Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Aspen Group'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 two times the quarterly (Dec. 2025) EBITDA data.
Aspen Group (ASX:APZ) has a Debt-to-EBITDA of 2.00 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Aspen Group. This is 16% below median its historical median of 2.39. According to the industry distribution chart, Aspen Group ranks #344 out of 1275 companies in the Real Estate industry, placing it in the top 27%.
Is Aspen Group's Debt-to-EBITDA too high?
Aspen Group's current Debt-to-EBITDA of 2.00 is 16% below median its 10-year median of 2.39. The Real Estate industry median Debt-to-EBITDA is 5.62. Aspen Group's value of 2.00 is 64.4% below this industry median. Based on the distribution chart, Aspen Group ranks #344 out of 1275 companies in the Real Estate industry, which is above the industry midpoint. Overall, Aspen Group has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aspen Group's Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, Aspen Group ranks #344 out of 1275 companies for Debt-to-EBITDA. This puts Aspen Group in the upper half of its industry. The industry median Debt-to-EBITDA is 5.62. Aspen Group's value of 2.00 is 64.4% below this benchmark. While the company's 10-year median is 2.39 vs. the industry median of 5.62, Aspen Group 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.62, based on 1,275 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. Aspen Group's current Debt-to-EBITDA of 2.00 is 64.4% 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 Aspen Group. For the Real Estate industry, the median Debt-to-EBITDA is 5.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aspen Group's current Debt-to-EBITDA is 2.00, which is 16% below median its own 10-year median of 2.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aspen Group stock overvalued right now?
Based on GuruFocus' analysis, Aspen Group (ASX:APZ) is currently considered Significantly Overvalued. The stock's GF Value™ is A$3.04, compared to a current price of A$4.97 — trading 63.5% above its estimated fair value. The current Debt-to-EBITDA is 2.00, which is 16% below median its 10-year median of 2.39 and 64.4% below the Real Estate industry median of 5.62. Aspen Group's overall GF Score™ is 81/100 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 Group (ASX:APZ), the current Debt-to-EBITDA is 2.00 as of Dec. 2025. 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 Group (ASX:APZ) Overvalued in 2026?
Based on GuruFocus' analysis, Aspen Group stock appears to be overvalued.
The current stock price of A$4.97 is trading 63.5% above its estimated GF Value™ of A$3.04.
GuruFocus considers Aspen Group to be Significantly Overvalued.
Key valuation signals for ASX:APZ:
Debt-to-EBITDA: 2.00 (16% below median its 10-year median of 2.39)
GF Value™: A$3.04 vs. price of A$4.97 (63.5% above fair value)
Industry Position: 64.4% below the Real Estate median (#344 of 1275)
No single metric tells the full story. See the ASX:APZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aspen Group Ltd is an Australia-based company, engaged in the business of investment in commercial and non-core development assets. It operates through the segment being investment properties within Australia.
81GF Score
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