Space Hellas RATH:SPACE +2.22%83 Debt-to-EBITDA is 4.17 as of Dec. 2025, which is 1% below its 10-year median of 4.20. GuruFocus rates ATH:SPACE with a GF Score™ of 83/100 and a GF Value™ of €8.05 (Fairly Valued). The stock has 7 warning signs investors should review. Among 1,714 Software companies, Space Hellas R ranks worse than 83.49% 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 Space Hellas R's Debt-to-EBITDA or its related term are showing as below:
ATH:SPACE'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.59 Med: 4.2 Max: 5.87
Current: 4.21
During the past 13 years, the highest Debt-to-EBITDA Ratio of Space Hellas R was 5.87. The lowest was 3.59. And the median was 4.20.
ATH:SPACE's Debt-to-EBITDA is ranked worse than 83.49% of 1714
companies
in the Software industry
Industry Median: 1.09
vs ATH:SPACE: 4.21
Space Hellas R (ATH:SPACE) 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.
Space Hellas R Debt-to-EBITDA Related Terms
Space Hellas R Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Space Hellas R'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:SPACE vs UBER, SHOP, CRM: Debt-to-EBITDA Comparison
For the Software - Application subindustry, Space Hellas R'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.
Space Hellas R Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Space Hellas R's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Space Hellas R'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.
Space Hellas R (ATH:SPACE) has a Debt-to-EBITDA of 4.17 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 Space Hellas R. This is near median its historical median of 4.20. Over the past decade, Space Hellas R's Debt-to-EBITDA has ranged from 3.59 to 5.87. According to the industry distribution chart, Space Hellas R ranks #1431 out of 1714 companies in the Software industry, placing it in the top 83.5%.
Is Space Hellas R's Debt-to-EBITDA too high?
Space Hellas R's current Debt-to-EBITDA of 4.17 is near median its 10-year median of 4.20. Over the past 10 years, this metric has ranged from a low of 3.59 to a high of 5.87. The Software industry median Debt-to-EBITDA is 1.09. Space Hellas R's value of 4.17 is 282.6% above this industry median. Based on the distribution chart, Space Hellas R ranks #1431 out of 1714 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Space Hellas R has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Space Hellas R's Debt-to-EBITDA compare to UBER and SHOP?
According to the Software industry distribution chart, Space Hellas R ranks #1431 out of 1714 companies for Debt-to-EBITDA. This places Space Hellas R in the lower half of its industry. The industry median Debt-to-EBITDA is 1.09. Space Hellas R's value of 4.17 is 282.6% above this benchmark. Historically, Space Hellas R's own Debt-to-EBITDA has ranged from 3.59 to 5.87 over the past decade. While the company's 10-year median is 4.20 vs. the industry median of 1.09, Space Hellas R 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 Software company?
The median Debt-to-EBITDA among Software companies is 1.09, based on 1,714 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. Space Hellas R's current Debt-to-EBITDA of 4.17 is 282.6% 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 Space Hellas R. For the Software industry, the median Debt-to-EBITDA is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Space Hellas R's current Debt-to-EBITDA is 4.17, which is near median its own 10-year median of 4.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Space Hellas R stock overvalued right now?
Based on GuruFocus' analysis, Space Hellas R (ATH:SPACE) is currently considered Fairly Valued. The stock's GF Value™ is €8.05, compared to a current price of €7.36 — trading 8.6% below its estimated fair value. The current Debt-to-EBITDA is 4.17, which is near median its 10-year median of 4.20 and 282.6% above the Software industry median of 1.09. Space Hellas R's overall GF Score™ is 83/100 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 Space Hellas R (ATH:SPACE), the current Debt-to-EBITDA is 4.17 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 Space Hellas R (ATH:SPACE) Overvalued in 2026?
Based on GuruFocus' analysis, Space Hellas R stock appears to be undervalued.
The current stock price of €7.36 is trading 8.6% below its estimated GF Value™ of €8.05.
GuruFocus considers Space Hellas R to be Fairly Valued.
Key valuation signals for ATH:SPACE:
Debt-to-EBITDA: 4.17 (near median its 10-year median of 4.20)
GF Value™: €8.05 vs. price of €7.36 (8.6% below fair value)
Industry Position: 282.6% above the Software median (#1431 of 1714)
No single metric tells the full story. See the ATH:SPACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Space Hellas R is principally engaged in the business of Telecommunications, IT, Security Systems & Services. The company has three main segments are namely Telecommunications, IT, Security Systems & Services. The company is based in Greece. Approximately 70% revenues derived from Telecommunications and IT sectors. Geographically it operates through the region of Greece. Approximately 70% revenues derived from Telecommunications and IT.
83GF Score
Get the complete analysis for ATH:SPACE
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:SPACE has been successfully added to your 
