AstronicsATRO -2.26%56 Debt-to-EBITDA is 2.86 as of Mar. 2026, which is 23% below its 10-year median of 3.71. GuruFocus rates ATRO with a GF Score™ of 56/100 and a GF Value™ of $19.53 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 254 Aerospace & Defense companies, Astronics ranks worse than 70.87% 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 Astronics's Debt-to-EBITDA or its related term are showing as below:
ATRO'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -78.69 Med: 3.71 Max: 10.71
Current: 3.37
During the past 13 years, the highest Debt-to-EBITDA Ratio of Astronics was 10.71. The lowest was -78.69. And the median was 3.71.
ATRO's Debt-to-EBITDA is ranked worse than 70.87% of 254
companies
in the Aerospace & Defense industry
Industry Median: 1.845
vs ATRO: 3.37
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.
Astronics Debt-to-EBITDA Related Terms
Astronics Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Astronics'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.
ATRO vs FLY, BETA, ACHR: Debt-to-EBITDA Comparison
For the Aerospace & Defense subindustry, Astronics'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.
Astronics Debt-to-EBITDA vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Astronics's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Astronics'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 four times the quarterly (Mar. 2026) EBITDA data.
Astronics (ATRO) has a Debt-to-EBITDA of 2.86 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Astronics. This is 23% below median its historical median of 3.71. According to the industry distribution chart, Astronics ranks #180 out of 254 companies in the Aerospace & Defense industry, placing it in the top 70.9%.
Is Astronics' Debt-to-EBITDA too high?
Astronics' current Debt-to-EBITDA of 2.86 is 23% below median its 10-year median of 3.71. The Aerospace & Defense industry median Debt-to-EBITDA is 1.85. Astronics' value of 2.86 is 55% above this industry median. Based on the distribution chart, Astronics ranks #180 out of 254 companies in the Aerospace & Defense industry, which is below the industry midpoint. Overall, Astronics has a GF Score™ of 56/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Astronics' Debt-to-EBITDA compare to FLY and BETA?
According to the Aerospace & Defense industry distribution chart, Astronics ranks #180 out of 254 companies for Debt-to-EBITDA. This places Astronics in the lower half of its industry. The industry median Debt-to-EBITDA is 1.85. Astronics' value of 2.86 is 55% above this benchmark. While the company's 10-year median is 3.71 vs. the industry median of 1.85, Astronics 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 an Aerospace & Defense company?
The median Debt-to-EBITDA among Aerospace & Defense companies is 1.85, based on 254 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. Astronics's current Debt-to-EBITDA of 2.86 is 55% 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 Astronics. For the Aerospace & Defense industry, the median Debt-to-EBITDA is 1.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Astronics's current Debt-to-EBITDA is 2.86, which is 23% below median its own 10-year median of 3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Astronics stock overvalued right now?
Based on GuruFocus' analysis, Astronics (ATRO) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.53, compared to a current price of $70.19 — trading 259.4% above its estimated fair value. The current Debt-to-EBITDA is 2.86, which is 23% below median its 10-year median of 3.71 and 55% above the Aerospace & Defense industry median of 1.85. Astronics' overall GF Score™ is 56/100 with 1 warning sign 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 Astronics (ATRO), the current Debt-to-EBITDA is 2.86 as of Mar. 2026. 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 Astronics (ATRO) Overvalued in 2026?
Based on GuruFocus' analysis, Astronics stock appears to be overvalued.
The current stock price of $70.19 is trading 259.4% above its estimated GF Value™ of $19.53.
GuruFocus considers Astronics to be Significantly Overvalued.
Key valuation signals for ATRO:
Debt-to-EBITDA: 2.86 (23% below median its 10-year median of 3.71)
GF Value™: $19.53 vs. price of $70.19 (259.4% above fair value)
Industry Position: 55% above the Aerospace & Defense median (#180 of 254)
No single metric tells the full story. See the ATRO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Astronics Corporation is a provider of technologies to the aerospace, defense, and electronics industries, offering high-performance electrical power generation and distribution systems, motion systems, lighting and safety systems, avionics products, systems certification, aircraft structures, and automated test systems. The company operates through two reportable segments, Aerospace and Test Systems. The Aerospace segment designs and manufactures products for the aerospace and defense industry and generates the majority of revenue, while the Test Systems segment designs, develops, manufactures, and maintains automated test systems for the aerospace and defense, communications, and mass transit industries. The company derives the majority of its revenue from the United States.
56GF Score
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