FleetwoodASX:FWD -1.03%64 Debt-to-EBITDA is 0.63 as of Dec. 2025, which is 47% above its 10-year median of 0.43. GuruFocus rates ASX:FWD with a GF Score™ of 64/100 and a GF Value™ of A$2.17 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,400 Construction companies, Fleetwood ranks better than 78% 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 Fleetwood's Debt-to-EBITDA or its related term are showing as below:
ASX:FWD'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -17.49 Med: 0.43 Max: 1.25
Current: 0.61
During the past 13 years, the highest Debt-to-EBITDA Ratio of Fleetwood was 1.25. The lowest was -17.49. And the median was 0.43.
ASX:FWD's Debt-to-EBITDA is ranked better than 78% of 1400
companies
in the Construction industry
Industry Median: 2.195
vs ASX:FWD: 0.61
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.
Fleetwood Debt-to-EBITDA Related Terms
Fleetwood Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Fleetwood'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.
ASX:FWD vs PWR, FIX, EME: Debt-to-EBITDA Comparison
For the Engineering & Construction subindustry, Fleetwood'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.
Fleetwood Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Fleetwood's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Fleetwood'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.
Fleetwood (ASX:FWD) has a Debt-to-EBITDA of 0.63 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 Fleetwood. This is 47% above median its historical median of 0.43. According to the industry distribution chart, Fleetwood ranks #308 out of 1400 companies in the Construction industry, placing it in the top 22%.
Is Fleetwood's Debt-to-EBITDA too high?
Fleetwood's current Debt-to-EBITDA of 0.63 is 47% above median its 10-year median of 0.43. The Construction industry median Debt-to-EBITDA is 2.20. Fleetwood's value of 0.63 is 71.3% below this industry median. Based on the distribution chart, Fleetwood ranks #308 out of 1400 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Fleetwood has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fleetwood's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Fleetwood ranks #308 out of 1400 companies for Debt-to-EBITDA. This places Fleetwood in the top 22% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 2.20. Fleetwood's value of 0.63 is 71.3% below this benchmark. While the company's 10-year median is 0.43 vs. the industry median of 2.20, Fleetwood 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.20, based on 1,400 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. Fleetwood's current Debt-to-EBITDA of 0.63 is 71.3% 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 Fleetwood. For the Construction industry, the median Debt-to-EBITDA is 2.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fleetwood's current Debt-to-EBITDA is 0.63, which is 47% above median its own 10-year median of 0.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fleetwood stock overvalued right now?
Based on GuruFocus' analysis, Fleetwood (ASX:FWD) is currently considered Modestly Undervalued. The stock's GF Value™ is A$2.17, compared to a current price of A$1.93 — trading 11.1% below its estimated fair value. The current Debt-to-EBITDA is 0.63, which is 47% above median its 10-year median of 0.43 and 71.3% below the Construction industry median of 2.20. Fleetwood's overall GF Score™ is 64/100 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 Fleetwood (ASX:FWD), the current Debt-to-EBITDA is 0.63 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 Fleetwood (ASX:FWD) Overvalued in 2026?
Based on GuruFocus' analysis, Fleetwood stock appears to be undervalued.
The current stock price of A$1.93 is trading 11.1% below its estimated GF Value™ of A$2.17.
GuruFocus considers Fleetwood to be Modestly Undervalued.
Key valuation signals for ASX:FWD:
Debt-to-EBITDA: 0.63 (47% above median its 10-year median of 0.43)
GF Value™: A$2.17 vs. price of A$1.93 (11.1% below fair value)
Industry Position: 71.3% below the Construction median (#308 of 1400)
No single metric tells the full story. See the ASX:FWD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fleetwood Ltd is a modular construction company. The company works with government departments, owners, architects, and engineers to design and build custom modular buildings predominantly for the affordable housing, education, custodial, and mining industries. The operating business segments are RV Solutions, Building Solutions, and Community Solutions. It generates maximum revenue from the Building Solutions segment. Geographically, the company operates in Australia and New Zealand, with maximum revenue from Australia.
64GF Score
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