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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
AXTAXTI -4.98%58 Debt-to-EBITDA is -11.07 as of Mar. 2026. GuruFocus rates AXTI with a GF Score™ of 58/100 and a GF Value™ of $2.52 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 724 Semiconductors companies, AXT ranks worse than 87.02% 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 AXT's Debt-to-EBITDA or its related term are showing as below:
AXTI'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -147.27 Med: 0.66 Max: 8.77
Current: 8.77
During the past 13 years, the highest Debt-to-EBITDA Ratio of AXT was 8.77. The lowest was -147.27. And the median was 0.66.
AXTI's Debt-to-EBITDA is ranked worse than 87.02% of 724
companies
in the Semiconductors industry
Industry Median: 1.45
vs AXTI: 8.77
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.
AXT Debt-to-EBITDA Related Terms
AXT Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for AXT'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.
AXTI vs VECO, ICHR, AMBA: Debt-to-EBITDA Comparison
For the Semiconductor Equipment & Materials subindustry, AXT'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.
AXT Debt-to-EBITDA vs Semiconductors Industry
For the Semiconductors industry and Technology sector, AXT's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where AXT'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.
AXT (AXTI) has a Debt-to-EBITDA of -11.07 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 AXT. According to the industry distribution chart, AXT ranks #630 out of 724 companies in the Semiconductors industry, placing it in the top 87%.
Is AXT's Debt-to-EBITDA too high?
AXT's current Debt-to-EBITDA is -11.07. Based on the distribution chart, AXT ranks #630 out of 724 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, AXT has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AXT's Debt-to-EBITDA compare to VECO and ICHR?
According to the Semiconductors industry distribution chart, AXT ranks #630 out of 724 companies for Debt-to-EBITDA. This places AXT in the lower half of its industry. The industry median Debt-to-EBITDA is 1.45. 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 Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.45, based on 724 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. 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 AXT. For the Semiconductors industry, the median Debt-to-EBITDA is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AXT's current Debt-to-EBITDA is -11.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AXT stock overvalued right now?
Based on GuruFocus' analysis, AXT (AXTI) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.52, compared to a current price of $65.24 — trading 2488.9% above its estimated fair value. The current Debt-to-EBITDA is -11.07. AXT's overall GF Score™ is 58/100 with 6 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 AXT (AXTI), the current Debt-to-EBITDA is -11.07 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 AXT (AXTI) Overvalued in 2026?
Based on GuruFocus' analysis, AXT stock appears to be overvalued.
The current stock price of $65.24 is trading 2488.9% above its estimated GF Value™ of $2.52.
GuruFocus considers AXT to be Significantly Overvalued.
Key valuation signals for AXTI:
Debt-to-EBITDA: -11.07
GF Value™: $2.52 vs. price of $65.24 (2488.9% above fair value)
No single metric tells the full story. See the AXTI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AXT Inc is a developer and producer of compound and single element semiconductor substrates, also known as wafers. The dominant substrates used in producing semiconductor chips and other electronic circuits are made from silicon. It is engaged in the design, development, manufacture, and distribution of high-performance compound semiconductor substrates and the sale of materials. The company provides alternative or specialty materials in the form of substrates or wafers, including compound and single-element substrates. Its compound substrates combine indium with phosphorous or gallium with arsenic. Geographically firm has its business presence across the region of Europe, Japan, Taiwan, China, North America, and the Asia Pacific from which China derives its maximum revenue to the company.
58GF Score
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