Coca-Cola HBC AGATH:EEE -3.01%96 Debt-to-EBITDA is 2.07 as of Dec. 2025, which is 16% below its 10-year median of 2.46. GuruFocus rates ATH:EEE with a GF Score™ of 96/100 and a GF Value™ of €38.66 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 97 Beverages - Non-Alcoholic companies, Coca-Cola HBC AG ranks worse than 61.86% 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 Coca-Cola HBC AG's Debt-to-EBITDA or its related term are showing as below:
ATH:EEE'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.67 Med: 2.46 Max: 3.09
Current: 2.14
During the past 13 years, the highest Debt-to-EBITDA Ratio of Coca-Cola HBC AG was 3.09. The lowest was 1.67. And the median was 2.46.
ATH:EEE's Debt-to-EBITDA is ranked worse than 61.86% of 97
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.26
vs ATH:EEE: 2.14
Coca-Cola HBC AG (ATH:EEE) 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.
Coca-Cola HBC AG Debt-to-EBITDA Related Terms
Coca-Cola HBC AG Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Coca-Cola HBC AG'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:EEE vs KO, PEP, MNST: Debt-to-EBITDA Comparison
For the Beverages - Non-Alcoholic subindustry, Coca-Cola HBC AG'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.
Coca-Cola HBC AG Debt-to-EBITDA vs Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Coca-Cola HBC AG's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Coca-Cola HBC AG'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.
Coca-Cola HBC AG (ATH:EEE) has a Debt-to-EBITDA of 2.07 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 Coca-Cola HBC AG. This is 16% below median its historical median of 2.46. Over the past decade, Coca-Cola HBC AG's Debt-to-EBITDA has ranged from 1.67 to 3.09. According to the industry distribution chart, Coca-Cola HBC AG ranks #60 out of 97 companies in the Beverages - Non-Alcoholic industry, placing it in the top 61.9%.
Is Coca-Cola HBC AG's Debt-to-EBITDA too high?
Coca-Cola HBC AG's current Debt-to-EBITDA of 2.07 is 16% below median its 10-year median of 2.46. Over the past 10 years, this metric has ranged from a low of 1.67 to a high of 3.09. The Beverages - Non-Alcoholic industry median Debt-to-EBITDA is 1.26. Coca-Cola HBC AG's value of 2.07 is 64.3% above this industry median. Based on the distribution chart, Coca-Cola HBC AG ranks #60 out of 97 companies in the Beverages - Non-Alcoholic industry, which is below the industry midpoint. Overall, Coca-Cola HBC AG has a GF Score™ of 96/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Coca-Cola HBC AG's Debt-to-EBITDA compare to KO and PEP?
According to the Beverages - Non-Alcoholic industry distribution chart, Coca-Cola HBC AG ranks #60 out of 97 companies for Debt-to-EBITDA. This places Coca-Cola HBC AG in the lower half of its industry. The industry median Debt-to-EBITDA is 1.26. Coca-Cola HBC AG's value of 2.07 is 64.3% above this benchmark. Historically, Coca-Cola HBC AG's own Debt-to-EBITDA has ranged from 1.67 to 3.09 over the past decade. While the company's 10-year median is 2.46 vs. the industry median of 1.26, Coca-Cola HBC AG 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 Beverages - Non-Alcoholic company?
The median Debt-to-EBITDA among Beverages - Non-Alcoholic companies is 1.26, based on 97 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. Coca-Cola HBC AG's current Debt-to-EBITDA of 2.07 is 64.3% 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 Coca-Cola HBC AG. For the Beverages - Non-Alcoholic industry, the median Debt-to-EBITDA is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coca-Cola HBC AG's current Debt-to-EBITDA is 2.07, which is 16% below median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coca-Cola HBC AG stock overvalued right now?
Based on GuruFocus' analysis, Coca-Cola HBC AG (ATH:EEE) is currently considered Significantly Overvalued. The stock's GF Value™ is €38.66, compared to a current price of €58.10 — trading 50.3% above its estimated fair value. The current Debt-to-EBITDA is 2.07, which is 16% below median its 10-year median of 2.46 and 64.3% above the Beverages - Non-Alcoholic industry median of 1.26. Coca-Cola HBC AG's overall GF Score™ is 96/100 with 5 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 Coca-Cola HBC AG (ATH:EEE), the current Debt-to-EBITDA is 2.07 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 Coca-Cola HBC AG (ATH:EEE) Overvalued in 2026?
Based on GuruFocus' analysis, Coca-Cola HBC AG stock appears to be overvalued.
The current stock price of €58.10 is trading 50.3% above its estimated GF Value™ of €38.66.
GuruFocus considers Coca-Cola HBC AG to be Significantly Overvalued.
Key valuation signals for ATH:EEE:
Debt-to-EBITDA: 2.07 (16% below median its 10-year median of 2.46)
GF Value™: €38.66 vs. price of €58.10 (50.3% above fair value)
Industry Position: 64.3% above the Beverages - Non-Alcoholic median (#60 of 97)
No single metric tells the full story. See the ATH:EEE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Coca-Cola HBC is the third-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa and Coca-Cola Europacific Partners. In 2025, CCHBC sold 2.9 billion unit cases of beverages. There is a long tail of Coca-Cola distributors, including brewers and independent operators with very small distribution territories.CCHBC is listed on the London Stock Exchange. Kar-Tess, a Luxembourg-based holding company, owns 23% of the equity of CCHBC, and Coca-Cola holds a further 21%. The remaining 56% is free float.
96GF Score
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