Alro (BSE:ALR) Debt-to-EBITDA : 4.48 (As of Mar. 2026) — 51% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

BSE:ALR Alro SA BSE:ALR
62 GF Score
Price lei1.42
GF Value lei1.99
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Alro Debt-to-EBITDA?

Alro BSE:ALR 62 Debt-to-EBITDA is 4.48 as of Mar. 2026, which is 51% above its 10-year median of 2.97. GuruFocus rates BSE:ALR with a GF Score™ of 62/100 and a GF Value™ of lei1.99 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 603 Metals & Mining companies, Alro ranks worse than 99.5% on this metric.

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

Alro's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was lei831 Mil. Alro's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was lei684 Mil. Alro's annualized EBITDA for the quarter that ended in Mar. 2026 was lei338 Mil. Alro's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 4.48.

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

BSE:ALR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.58   Med: 2.97   Max: 121.15
Current: 121.15

During the past 13 years, the highest Debt-to-EBITDA Ratio of Alro was 121.15. The lowest was -6.58. And the median was 2.97.

BSE:ALR's Debt-to-EBITDA is ranked worse than
99.5% of 603 companies
in the Metals & Mining industry
Industry Median: 1.1 vs BSE:ALR: 121.15

Alro  (BSE:ALR) 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.


Alro Debt-to-EBITDA Related Terms


Alro Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Alro'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.

Alro Debt-to-EBITDA Chart

Alro 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 4.70 1.96 -6.58 5.67 6.87

Alro 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 4.20 5.75 7.58 -1.96 4.48

BSE:ALR vs AA, CENX, CSTM: Debt-to-EBITDA Comparison

For the Aluminum subindustry, Alro'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.


Alro Debt-to-EBITDA vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Alro's Debt-to-EBITDA distribution charts can be found below:

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


BSE:ALR
62GF Score
Alro SA BSE:ALR
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Alro Debt-to-EBITDA Calculation

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

Alro'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
=(887.563 + 582.248) / 213.902
=6.87

Alro'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
=(831.266 + 684.193) / 338.372
=4.48

* 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 4.48 mean?
Alro (BSE:ALR) has a Debt-to-EBITDA of 4.48 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 Alro. This is 51% above median its historical median of 2.97. According to the industry distribution chart, Alro ranks #600 out of 603 companies in the Metals & Mining industry, placing it in the top 99.5%.
Is Alro's Debt-to-EBITDA too high?
Alro's current Debt-to-EBITDA of 4.48 is 51% above median its 10-year median of 2.97. The Metals & Mining industry median Debt-to-EBITDA is 1.10. Alro's value of 4.48 is 307.3% above this industry median. Based on the distribution chart, Alro ranks #600 out of 603 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Alro has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Alro's Debt-to-EBITDA compare to AA and CENX?
According to the Metals & Mining industry distribution chart, Alro ranks #600 out of 603 companies for Debt-to-EBITDA. This places Alro in the lower half of its industry. The industry median Debt-to-EBITDA is 1.10. Alro's value of 4.48 is 307.3% above this benchmark. While the company's 10-year median is 2.97 vs. the industry median of 1.10, Alro 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 Metals & Mining company?
The median Debt-to-EBITDA among Metals & Mining companies is 1.10, based on 603 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. Alro's current Debt-to-EBITDA of 4.48 is 307.3% 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 Alro. For the Metals & Mining industry, the median Debt-to-EBITDA is 1.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alro's current Debt-to-EBITDA is 4.48, which is 51% above median its own 10-year median of 2.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alro stock overvalued right now?
Based on GuruFocus' analysis, Alro (BSE:ALR) is currently considered Modestly Undervalued. The stock's GF Value™ is lei1.99, compared to a current price of lei1.42 — trading 28.9% below its estimated fair value. The current Debt-to-EBITDA is 4.48, which is 51% above median its 10-year median of 2.97 and 307.3% above the Metals & Mining industry median of 1.10. Alro's overall GF Score™ is 62/100 with 2 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 Alro (BSE:ALR), the current Debt-to-EBITDA is 4.48 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 Alro (BSE:ALR) Overvalued in 2026?

Based on GuruFocus' analysis, Alro stock appears to be undervalued. The current stock price of lei1.42 is trading 28.9% below its estimated GF Value™ of lei1.99. GuruFocus considers Alro to be Modestly Undervalued.

Key valuation signals for BSE:ALR:

  • Debt-to-EBITDA: 4.48 (51% above median its 10-year median of 2.97)
  • GF Value™: lei1.99 vs. price of lei1.42 (28.9% below fair value)
  • GF Score™: 62/100 with 2 warning signs
  • Industry Position: 307.3% above the Metals & Mining median (#600 of 603)

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


Alro Business Description

Address 116 Pitesti Street, Olt County, Slatina, ROU, 230048
Alro SA is a vertically integrated aluminium producer in Europe. The company operates in three segments: Alumina, Primary Aluminium and Processed Aluminium. Alumina segment consists of the group's alumina production operations, which is the main raw material for aluminium smelting. This segment includes ALUM. Primary Aluminium segment manufactures primary aluminium products such as wire rod, slabs and billets and mainly includes the Anodes section, the Electrolysis section, the Casting House and the Eco Recycling Facility. Processed Aluminium segment develops flat rolled products such as plates, sheets, coils and strips, and extruded products. Geographically the company operates in Romania, Other EU countries, Other European non-EU countries, USA, and Other countries.
62GF Score

Get the complete analysis for BSE:ALR

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

lei1.42
Price
lei1.99
GF Value