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Nine Entertainment Co. HoldingsASX:NEC -1.52%65 Debt-to-EBITDA is 0.78 as of Dec. 2025, which is 53% below its 10-year median of 1.65. GuruFocus rates ASX:NEC with a GF Score™ of 65/100 and a GF Value™ of A$1.34 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 677 Media - Diversified companies, Nine Entertainment Co. Holdings ranks better than 66.91% 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 Nine Entertainment Co. Holdings's Debt-to-EBITDA or its related term are showing as below:
ASX:NEC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.72 Med: 1.65 Max: 2.66
Current: 0.85
During the past 12 years, the highest Debt-to-EBITDA Ratio of Nine Entertainment Co. Holdings was 2.66. The lowest was -2.72. And the median was 1.65.
ASX:NEC's Debt-to-EBITDA is ranked better than 66.91% of 677
companies
in the Media - Diversified industry
Industry Median: 1.66
vs ASX:NEC: 0.85
Nine Entertainment Co. Holdings (ASX:NEC) Debt-to-EBITDA Explanation
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.
Nine Entertainment Co. Holdings Debt-to-EBITDA Related Terms
Nine Entertainment Co. Holdings Debt-to-EBITDA Historical Data
* 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.
Nine Entertainment Co. Holdings Debt-to-EBITDA Chart
ASX:NEC vs NFLX, DIS, WBD: Debt-to-EBITDA Comparison
For the Entertainment subindustry, Nine Entertainment Co. Holdings'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.
Nine Entertainment Co. Holdings Debt-to-EBITDA vs Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Nine Entertainment Co. Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Nine Entertainment Co. Holdings'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.
Nine Entertainment Co. Holdings (ASX:NEC) has a Debt-to-EBITDA of 0.78 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 Nine Entertainment Co. Holdings. This is 53% below median its historical median of 1.65. According to the industry distribution chart, Nine Entertainment Co. Holdings ranks #224 out of 677 companies in the Media - Diversified industry, placing it in the top 33.1%.
Is Nine Entertainment Co. Holdings' Debt-to-EBITDA too high?
Nine Entertainment Co. Holdings' current Debt-to-EBITDA of 0.78 is 53% below median its 10-year median of 1.65. The Media - Diversified industry median Debt-to-EBITDA is 1.66. Nine Entertainment Co. Holdings' value of 0.78 is 53% below this industry median. Based on the distribution chart, Nine Entertainment Co. Holdings ranks #224 out of 677 companies in the Media - Diversified industry, which is above the industry midpoint. Overall, Nine Entertainment Co. Holdings has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Nine Entertainment Co. Holdings' Debt-to-EBITDA compare to NFLX and DIS?
According to the Media - Diversified industry distribution chart, Nine Entertainment Co. Holdings ranks #224 out of 677 companies for Debt-to-EBITDA. This puts Nine Entertainment Co. Holdings in the upper half of its industry. The industry median Debt-to-EBITDA is 1.66. Nine Entertainment Co. Holdings' value of 0.78 is 53% below this benchmark. While the company's 10-year median is 1.65 vs. the industry median of 1.66, Nine Entertainment Co. Holdings 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 Media - Diversified company?
The median Debt-to-EBITDA among Media - Diversified companies is 1.66, based on 677 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. Nine Entertainment Co. Holdings's current Debt-to-EBITDA of 0.78 is 53% 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 Nine Entertainment Co. Holdings. For the Media - Diversified industry, the median Debt-to-EBITDA is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nine Entertainment Co. Holdings's current Debt-to-EBITDA is 0.78, which is 53% below median its own 10-year median of 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nine Entertainment Co. Holdings stock overvalued right now?
Based on GuruFocus' analysis, Nine Entertainment Co. Holdings (ASX:NEC) is currently considered Modestly Undervalued. The stock's GF Value™ is A$1.34, compared to a current price of A$0.97 — trading 27.6% below its estimated fair value. The current Debt-to-EBITDA is 0.78, which is 53% below median its 10-year median of 1.65 and 53% below the Media - Diversified industry median of 1.66. Nine Entertainment Co. Holdings' overall GF Score™ is 65/100 with 6 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 Nine Entertainment Co. Holdings (ASX:NEC), the current Debt-to-EBITDA is 0.78 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 Nine Entertainment Co. Holdings (ASX:NEC) Overvalued in 2026?
Based on GuruFocus' analysis, Nine Entertainment Co. Holdings stock appears to be undervalued.
The current stock price of A$0.97 is trading 27.6% below its estimated GF Value™ of A$1.34.
GuruFocus considers Nine Entertainment Co. Holdings to be Modestly Undervalued.
Key valuation signals for ASX:NEC:
Debt-to-EBITDA: 0.78 (53% below median its 10-year median of 1.65)
GF Value™: A$1.34 vs. price of A$0.97 (27.6% below fair value)
Industry Position: 53% below the Media - Diversified median (#224 of 677)
No single metric tells the full story. See the ASX:NEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nine Entertainment Co. Holdings Business Description
Nine Entertainment is the largest media conglomerate in Australia. It operates Nine Network, a free-to-air TV network across five capital cities, as well as in a number of regional areas. It owns 9Now, a leading broadcast video on demand, or BVOD, business. Its publishing unit is the second-largest newspaper group in Australia with key mastheads such as Australian Financial Review, Sydney Morning Herald, and The Age. Nine also operates a leading domestic-owned subscription video on demand, or SVOD, business in Australia called Stan, and a talk-based radio network. In March 2026, Nine completed the purchase of outdoor advertising entity QMS Media for AUD 850 million.
65GF Score
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