AVAXATH:AVAX -5.31%66 Debt-to-EBITDA is 4.07 as of Dec. 2025, which is 58% below its 10-year median of 9.68. GuruFocus rates ATH:AVAX with a GF Score™ of 66/100 and a GF Value™ of €2.92 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,401 Construction companies, AVAX ranks worse than 63.81% 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 AVAX's Debt-to-EBITDA or its related term are showing as below:
ATH:AVAX'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -36.52 Med: 9.68 Max: 17.38
Current: 3.48
During the past 12 years, the highest Debt-to-EBITDA Ratio of AVAX was 17.38. The lowest was -36.52. And the median was 9.68.
ATH:AVAX's Debt-to-EBITDA is ranked worse than 63.81% of 1401
companies
in the Construction industry
Industry Median: 2.19
vs ATH:AVAX: 3.48
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.
AVAX Debt-to-EBITDA Related Terms
AVAX Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for AVAX'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.
ATH:AVAX vs PWR, FIX, EME: Debt-to-EBITDA Comparison
For the Engineering & Construction subindustry, AVAX'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.
AVAX Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, AVAX's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where AVAX'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.
AVAX (ATH:AVAX) has a Debt-to-EBITDA of 4.07 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 AVAX. This is 58% below median its historical median of 9.68. According to the industry distribution chart, AVAX ranks #894 out of 1401 companies in the Construction industry, placing it in the top 63.8%.
Is AVAX's Debt-to-EBITDA too high?
AVAX's current Debt-to-EBITDA of 4.07 is 58% below median its 10-year median of 9.68. The Construction industry median Debt-to-EBITDA is 2.19. AVAX's value of 4.07 is 85.8% above this industry median. Based on the distribution chart, AVAX ranks #894 out of 1401 companies in the Construction industry, which is below the industry midpoint. Overall, AVAX has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AVAX's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, AVAX ranks #894 out of 1401 companies for Debt-to-EBITDA. This places AVAX in the lower half of its industry. The industry median Debt-to-EBITDA is 2.19. AVAX's value of 4.07 is 85.8% above this benchmark. While the company's 10-year median is 9.68 vs. the industry median of 2.19, AVAX has consistently been above 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 2.19, based on 1,401 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. AVAX's current Debt-to-EBITDA of 4.07 is 85.8% above 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 AVAX. For the Construction industry, the median Debt-to-EBITDA is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AVAX's current Debt-to-EBITDA is 4.07, which is 58% below median its own 10-year median of 9.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AVAX stock overvalued right now?
Based on GuruFocus' analysis, AVAX (ATH:AVAX) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.92, compared to a current price of €3.57 — trading 22.3% above its estimated fair value. The current Debt-to-EBITDA is 4.07, which is 58% below median its 10-year median of 9.68 and 85.8% above the Construction industry median of 2.19. AVAX's overall GF Score™ is 66/100 with 7 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 AVAX (ATH:AVAX), the current Debt-to-EBITDA is 4.07 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 AVAX (ATH:AVAX) Overvalued in 2026?
Based on GuruFocus' analysis, AVAX stock appears to be overvalued.
The current stock price of €3.57 is trading 22.3% above its estimated GF Value™ of €2.92.
GuruFocus considers AVAX to be Modestly Overvalued.
Key valuation signals for ATH:AVAX:
Debt-to-EBITDA: 4.07 (58% below median its 10-year median of 9.68)
GF Value™: €2.92 vs. price of €3.57 (22.3% above fair value)
Industry Position: 85.8% above the Construction median (#894 of 1401)
No single metric tells the full story. See the ATH:AVAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AVAX SA operates as a construction company in Greece. The company operates through the following segments: The Construction segment develops buildings, warehouses, and shopping centers; The Concessions segment constructs highways, bridges, airports, and car parks; The Energy segment comprises of the construction TAP natural gas pipeline in Northern Greece; design and construction of power plants in Iraq; TheReal Estate segment covers estate development and other activities. It derives maximum revenue from the Construction segment.
66GF Score
Get the complete analysis for ATH:AVAX
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ATH:AVAX has been successfully added to your 
