Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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.
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 Bragg Gaming Group's Debt-to-EBITDA or its related term are showing as below:
BRAG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.37 Med: -0.08 Max: 0.98
Current: 0.45
During the past 13 years, the highest Debt-to-EBITDA Ratio of Bragg Gaming Group was 0.98. The lowest was -0.37. And the median was -0.08.
BRAG's Debt-to-EBITDA is ranked better than 84.06% of 646
companies
in the Travel & Leisure industry
Industry Median: 2.54
vs BRAG: 0.45
Bragg Gaming Group (NAS:BRAG) 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.
Bragg Gaming Group Debt-to-EBITDA Related Terms
Bragg Gaming Group Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Bragg Gaming Group'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.
BRAG vs FLUT, DKNG, SGHC: Debt-to-EBITDA Comparison
For the Gambling subindustry, Bragg Gaming Group'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.
Bragg Gaming Group Debt-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Bragg Gaming Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Bragg Gaming Group'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.
Bragg Gaming Group (BRAG) has a Debt-to-EBITDA of 0.47 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 Bragg Gaming Group. According to the industry distribution chart, Bragg Gaming Group ranks #103 out of 646 companies in the Travel & Leisure industry, placing it in the top 15.9%.
Is Bragg Gaming Group's Debt-to-EBITDA too high?
Bragg Gaming Group's current Debt-to-EBITDA is 0.47. The Travel & Leisure industry median Debt-to-EBITDA is 2.54. Bragg Gaming Group's value of 0.47 is 81.5% below this industry median. Based on the distribution chart, Bragg Gaming Group ranks #103 out of 646 companies in the Travel & Leisure industry, which is in the top quartile — a strong position relative to peers. Overall, Bragg Gaming Group has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bragg Gaming Group's Debt-to-EBITDA compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, Bragg Gaming Group ranks #103 out of 646 companies for Debt-to-EBITDA. This places Bragg Gaming Group in the top 16% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 2.54. Bragg Gaming Group's value of 0.47 is 81.5% below this benchmark. 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 Travel & Leisure company?
The median Debt-to-EBITDA among Travel & Leisure companies is 2.54, based on 646 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. Bragg Gaming Group's current Debt-to-EBITDA of 0.47 is 81.5% below 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 Bragg Gaming Group. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bragg Gaming Group's current Debt-to-EBITDA is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bragg Gaming Group stock overvalued right now?
Based on GuruFocus' analysis, Bragg Gaming Group (BRAG) is currently considered Possible Value Trap. The stock's GF Value™ is $4.49, compared to a current price of $1.69 — trading 62.4% below its estimated fair value. The current Debt-to-EBITDA is 0.47 and 81.5% below the Travel & Leisure industry median of 2.54. Bragg Gaming Group's overall GF Score™ is 44/100 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 Bragg Gaming Group (BRAG), the current Debt-to-EBITDA is 0.47 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 Bragg Gaming Group (BRAG) Overvalued in 2026?
Based on GuruFocus' analysis, Bragg Gaming Group stock appears to be undervalued.
The current stock price of $1.69 is trading 62.4% below its estimated GF Value™ of $4.49.
GuruFocus considers Bragg Gaming Group to be Possible Value Trap.
Key valuation signals for BRAG:
Debt-to-EBITDA: 0.47
GF Value™: $4.49 vs. price of $1.69 (62.4% below fair value)
Industry Position: 81.5% below the Travel & Leisure median (#103 of 646)
No single metric tells the full story. See the BRAG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bragg Gaming Group Inc is predominantly a B2B online gaming technology platform and casino content aggregator. The company's proprietary studios offer high-performing, data-driven casino gaming titles from in-house brands Wild Streak, Spin, Atomic Slot Lab, Indigo Magic, and Oryx Gaming. It offers a full range of games including slot games, table games, card games, video bingo, scratch card games, virtual sports, and live dealer games which are featured on the company's PAM platform and also available for use on other gaming platforms offered by third parties. Geographically, the company generates a majority of its revenue from Malta, and the rest from Netherlands, Curacao, the United States, Croatia, Marshall Islands, Brazil, Isle of Man, Belgium, Czech Republic, and other regions.
44GF Score
Get the complete analysis for BRAG
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
BRAG has been successfully added to your 
