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NRW HoldingsASX:NWH -2.01%74 Debt-to-EBITDA is 1.26 as of Dec. 2025, which is 1% above its 10-year median of 1.25. GuruFocus rates ASX:NWH with a GF Score™ of 74/100 and a GF Value™ of A$4.44 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 460 Conglomerates companies, NRW Holdings ranks better than 63.48% 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 NRW Holdings's Debt-to-EBITDA or its related term are showing as below:
ASX:NWH'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.06 Med: 1.25 Max: 2
Current: 1.93
During the past 13 years, the highest Debt-to-EBITDA Ratio of NRW Holdings was 2.00. The lowest was 1.06. And the median was 1.25.
ASX:NWH's Debt-to-EBITDA is ranked better than 63.48% of 460
companies
in the Conglomerates industry
Industry Median: 2.755
vs ASX:NWH: 1.93
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.
NRW Holdings Debt-to-EBITDA Related Terms
NRW Holdings Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for NRW Holdings'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 Conglomerates subindustry, NRW 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.
NRW Holdings Debt-to-EBITDA vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, NRW Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where NRW 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.
NRW Holdings (ASX:NWH) has a Debt-to-EBITDA of 1.26 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 NRW Holdings. This is near median its historical median of 1.25. Over the past decade, NRW Holdings' Debt-to-EBITDA has ranged from 1.06 to 2.00. According to the industry distribution chart, NRW Holdings ranks #168 out of 460 companies in the Conglomerates industry, placing it in the top 36.5%.
Is NRW Holdings' Debt-to-EBITDA too high?
NRW Holdings' current Debt-to-EBITDA of 1.26 is near median its 10-year median of 1.25. Over the past 10 years, this metric has ranged from a low of 1.06 to a high of 2.00. The Conglomerates industry median Debt-to-EBITDA is 2.76. NRW Holdings' value of 1.26 is 54.3% below this industry median. Based on the distribution chart, NRW Holdings ranks #168 out of 460 companies in the Conglomerates industry, which is above the industry midpoint. Overall, NRW Holdings has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does NRW Holdings' Debt-to-EBITDA compare to HON and MMM?
According to the Conglomerates industry distribution chart, NRW Holdings ranks #168 out of 460 companies for Debt-to-EBITDA. This puts NRW Holdings in the upper half of its industry. The industry median Debt-to-EBITDA is 2.76. NRW Holdings' value of 1.26 is 54.3% below this benchmark. Historically, NRW Holdings' own Debt-to-EBITDA has ranged from 1.06 to 2.00 over the past decade. While the company's 10-year median is 1.25 vs. the industry median of 2.76, NRW 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 Conglomerates company?
The median Debt-to-EBITDA among Conglomerates companies is 2.76, based on 460 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. NRW Holdings's current Debt-to-EBITDA of 1.26 is 54.3% 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 NRW Holdings. For the Conglomerates industry, the median Debt-to-EBITDA is 2.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. NRW Holdings's current Debt-to-EBITDA is 1.26, which is near median its own 10-year median of 1.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is NRW Holdings stock overvalued right now?
Based on GuruFocus' analysis, NRW Holdings (ASX:NWH) is currently considered Significantly Overvalued. The stock's GF Value™ is A$4.44, compared to a current price of A$6.83 — trading 53.8% above its estimated fair value. The current Debt-to-EBITDA is 1.26, which is near median its 10-year median of 1.25 and 54.3% below the Conglomerates industry median of 2.76. NRW Holdings' overall GF Score™ is 74/100 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 NRW Holdings (ASX:NWH), the current Debt-to-EBITDA is 1.26 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 NRW Holdings (ASX:NWH) Overvalued in 2026?
Based on GuruFocus' analysis, NRW Holdings stock appears to be overvalued.
The current stock price of A$6.83 is trading 53.8% above its estimated GF Value™ of A$4.44.
GuruFocus considers NRW Holdings to be Significantly Overvalued.
Key valuation signals for ASX:NWH:
Debt-to-EBITDA: 1.26 (near median its 10-year median of 1.25)
GF Value™: A$4.44 vs. price of A$6.83 (53.8% above fair value)
Industry Position: 54.3% below the Conglomerates median (#168 of 460)
No single metric tells the full story. See the ASX:NWH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
NRW Holdings Ltd is a provider of diversified contract services to the resources and infrastructure sectors. The company's operating segment includes Civil; Mining and Minerals, Energy & Technologies. It generates maximum revenue from the Mining segment. The Mining business specialises in mine management, contract mining, load and haul, dragline operations, drill and blast, coal handling prep plants, maintenance services, and the fabrication of water and service vehicles.
74GF Score
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