Aegean Airlines (ATH:AEGN) Debt-to-EBITDA : N/A (As of Dec. 2025)

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ATH:AEGN Aegean Airlines SA ATH:AEGN
78 GF Score
Price €11.21
GF Value €14.83
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Aegean Airlines Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Aegean Airlines's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €346 Mil. Aegean Airlines's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €276 Mil. Aegean Airlines's annualized EBITDA for the quarter that ended in Dec. 2025 was €556 Mil. Aegean Airlines's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 1.12.

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 Aegean Airlines's Debt-to-EBITDA or its related term are showing as below:

ATH:AEGN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -7.08   Med: 2.27   Max: 4.44
Current: 3.53

During the past 13 years, the highest Debt-to-EBITDA Ratio of Aegean Airlines was 4.44. The lowest was -7.08. And the median was 2.27.

ATH:AEGN's Debt-to-EBITDA is ranked worse than
61.93% of 880 companies
in the Transportation industry
Industry Median: 2.625 vs ATH:AEGN: 3.53

Aegean Airlines  (ATH:AEGN) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Aegean Airlines Debt-to-EBITDA Related Terms


Aegean Airlines Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Aegean Airlines'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.

Aegean Airlines Debt-to-EBITDA Chart

Aegean Airlines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.41 3.22 2.57 3.41 3.40

Aegean Airlines Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A N/A N/A N/A N/A

ATH:AEGN vs DAL, UAL, LUV: Debt-to-EBITDA Comparison

For the Airlines subindustry, Aegean Airlines'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.


Aegean Airlines Debt-to-EBITDA vs Transportation Industry

For the Transportation industry and Industrials sector, Aegean Airlines's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Aegean Airlines's Debt-to-EBITDA falls into.


ATH:AEGN
78GF Score
Aegean Airlines SA ATH:AEGN
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Aegean Airlines Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Aegean Airlines's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(346.36283 + 276.18239) / 481.71312
=1.29

Aegean Airlines's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(346.36283 + 276.18239) / 556.00342
=1.12

* 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.

Is Aegean Airlines (ATH:AEGN) Overvalued in 2026?

Based on GuruFocus' analysis, Aegean Airlines stock appears to be undervalued. The current stock price of €11.21 is trading 24.4% below its estimated GF Value™ of €14.83. GuruFocus considers Aegean Airlines to be Modestly Undervalued.

Key valuation signals for ATH:AEGN:

  • Debt-to-EBITDA: N/A
  • GF Value™: €14.83 vs. price of €11.21 (24.4% below fair value)
  • GF Score™: 78/100 with 7 warning signs

No single metric tells the full story. See the ATH:AEGN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Aegean Airlines Business Description

Other Exchanges AGZNF:USA0OHY:UK32A:Germany
Address Athens International Airport, Building 57, Spata Attiki, Athens, GRC, 19019
Aegean Airlines SA is Greece's airline provider. The company generates revenue from Scheduled flights, Chartered flights, and others. The company generates maximum revenue from Scheduled flights. Additionally, it offers services related to air transportation, technical support, and ground-handling amenities. Approximately half of total passenger traffic derives from routes within Greece.
78GF Score

Get the complete analysis for ATH:AEGN

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€11.21
Price
€14.83
GF Value