BLRDF (Billerud AB) Debt-to-EBITDA : 3.96 (As of Mar. 2026) — 122% Above Median


BLRDF Billerud AB BLRDF
59 GF Score
Price $6.23
GF Value $9.75
Valuation Possible Value Trap
! 6 Warning Signs
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What is Billerud AB Debt-to-EBITDA?

Billerud AB BLRDF 59 Debt-to-EBITDA is 3.96 as of Mar. 2026, which is 122% above its 10-year median of 1.78. GuruFocus rates BLRDF with a GF Score™ of 59/100 and a GF Value™ of $9.75 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 209 Forest Products companies, Billerud AB ranks better than 57.42% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Billerud AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $212 Mil. Billerud AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $664 Mil. Billerud AB's annualized EBITDA for the quarter that ended in Mar. 2026 was $221 Mil. Billerud AB's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.96.

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 Billerud AB's Debt-to-EBITDA or its related term are showing as below:

BLRDF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.64   Med: 1.78   Max: 3.09
Current: 2.79

During the past 13 years, the highest Debt-to-EBITDA Ratio of Billerud AB was 3.09. The lowest was 0.64. And the median was 1.78.

BLRDF's Debt-to-EBITDA is ranked better than
57.42% of 209 companies
in the Forest Products industry
Industry Median: 3.32 vs BLRDF: 2.79

Billerud AB  (OTCPK:BLRDF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Billerud AB Debt-to-EBITDA Related Terms


Billerud AB Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Billerud AB'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.

Billerud AB Debt-to-EBITDA Chart

Billerud AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.73 0.64 2.27 1.44 1.83

Billerud AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.36 2.07 2.58 2.29 3.96

BLRDF vs SLVM: Debt-to-EBITDA Comparison

For the Paper & Paper Products subindustry, Billerud AB'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.


Billerud AB Debt-to-EBITDA vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, Billerud AB's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Billerud AB's Debt-to-EBITDA falls into.


BLRDF
59GF Score
Billerud AB BLRDF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Billerud AB Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Billerud AB's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(260.074 + 535.428) / 435.573
=1.83

Billerud AB's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(212.296 + 663.504) / 221.096
=3.96

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.96 mean?
Billerud AB (BLRDF) has a Debt-to-EBITDA of 3.96 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 Billerud AB. This is 122% above median its historical median of 1.78. Over the past decade, Billerud AB's Debt-to-EBITDA has ranged from 0.64 to 3.09. According to the industry distribution chart, Billerud AB ranks #89 out of 209 companies in the Forest Products industry, placing it in the top 42.6%.
Is Billerud AB's Debt-to-EBITDA too high?
Billerud AB's current Debt-to-EBITDA of 3.96 is 122% above median its 10-year median of 1.78. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 3.09. The Forest Products industry median Debt-to-EBITDA is 3.32. Billerud AB's value of 3.96 is 19.3% above this industry median. Based on the distribution chart, Billerud AB ranks #89 out of 209 companies in the Forest Products industry, which is above the industry midpoint. Overall, Billerud AB has a GF Score™ of 59/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Billerud AB's Debt-to-EBITDA compare to SLVM?
According to the Forest Products industry distribution chart, Billerud AB ranks #89 out of 209 companies for Debt-to-EBITDA. This puts Billerud AB in the upper half of its industry. The industry median Debt-to-EBITDA is 3.32. Billerud AB's value of 3.96 is 19.3% above this benchmark. Historically, Billerud AB's own Debt-to-EBITDA has ranged from 0.64 to 3.09 over the past decade. While the company's 10-year median is 1.78 vs. the industry median of 3.32, Billerud AB 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 Forest Products company?
The median Debt-to-EBITDA among Forest Products companies is 3.32, based on 209 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. Billerud AB's current Debt-to-EBITDA of 3.96 is 19.3% 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 Billerud AB. For the Forest Products industry, the median Debt-to-EBITDA is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Billerud AB's current Debt-to-EBITDA is 3.96, which is 122% above median its own 10-year median of 1.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Billerud AB stock overvalued right now?
Based on GuruFocus' analysis, Billerud AB (BLRDF) is currently considered Possible Value Trap. The stock's GF Value™ is $9.75, compared to a current price of $6.23 — trading 36.1% below its estimated fair value. The current Debt-to-EBITDA is 3.96, which is 122% above median its 10-year median of 1.78 and 19.3% above the Forest Products industry median of 3.32. Billerud AB's overall GF Score™ is 59/100 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 Billerud AB (BLRDF), the current Debt-to-EBITDA is 3.96 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 Billerud AB (BLRDF) Overvalued in 2026?

Based on GuruFocus' analysis, Billerud AB stock appears to be undervalued. The current stock price of $6.23 is trading 36.1% below its estimated GF Value™ of $9.75. GuruFocus considers Billerud AB to be Possible Value Trap.

Key valuation signals for BLRDF:

  • Debt-to-EBITDA: 3.96 (122% above median its 10-year median of 1.78)
  • GF Value™: $9.75 vs. price of $6.23 (36.1% below fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 19.3% above the Forest Products median (#89 of 209)

No single metric tells the full story. See the BLRDF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Billerud AB Business Description

Address Evenemangsgatan 17, P.O. Box 703, Solna, Stockholm, SWE, SE-169 27
Billerud AB produces a variety of packaging, paper, and board products. Its product offerings include Cartonboard, Sack Paper, Coated sheets, Web papers, Hardwood Pulp, and Containerboard, among others. The company has has three operating segments: Region Europe, Region North America and Other. The majority of revenue is derived from the Region Europe segment.
59GF Score

Get the complete analysis for BLRDF

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$6.23
Price
$9.75
GF Value