CanaanCAN +23.15%39 Debt-to-EBITDA is -0.16 as of Mar. 2026. GuruFocus rates CAN with a GF Score™ of 39/100 and a GF Value™ of $0.69 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,789 Hardware companies, Canaan ranks worse than 55897.09% 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 Canaan's Debt-to-EBITDA or its related term are showing as below:
CAN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.66 Med: -0.08 Max: 3.94
Current: -0.27
During the past 9 years, the highest Debt-to-EBITDA Ratio of Canaan was 3.94. The lowest was -0.66. And the median was -0.08.
CAN's Debt-to-EBITDA is ranked worse than 100% of 1789
companies
in the Hardware industry
Industry Median: 1.71
vs CAN: -0.27
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.
Canaan Debt-to-EBITDA Related Terms
Canaan Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Canaan'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.
CAN vs ALOT, BGIN, NNDM: Debt-to-EBITDA Comparison
For the Computer Hardware subindustry, Canaan'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.
Canaan Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Canaan's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Canaan'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.
Canaan (CAN) has a Debt-to-EBITDA of -0.16 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 Canaan. According to the industry distribution chart, Canaan ranks #999999 out of 1789 companies in the Hardware industry.
Is Canaan's Debt-to-EBITDA too high?
Canaan's current Debt-to-EBITDA is -0.16. Based on the distribution chart, Canaan ranks #999999 out of 1789 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Canaan has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Canaan's Debt-to-EBITDA compare to ALOT and BGIN?
According to the Hardware industry distribution chart, Canaan ranks #999999 out of 1789 companies for Debt-to-EBITDA. This places Canaan in the lower half of its industry. The industry median Debt-to-EBITDA is 1.71. 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,789 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 Canaan. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Canaan's current Debt-to-EBITDA is -0.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canaan stock overvalued right now?
Based on GuruFocus' analysis, Canaan (CAN) is currently considered Possible Value Trap. The stock's GF Value™ is $0.69, compared to a current price of $0.33 — trading 51.6% below its estimated fair value. The current Debt-to-EBITDA is -0.16. Canaan's overall GF Score™ is 39/100 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 Canaan (CAN), the current Debt-to-EBITDA is -0.16 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 Canaan (CAN) Overvalued in 2026?
Based on GuruFocus' analysis, Canaan stock appears to be undervalued.
The current stock price of $0.33 is trading 51.6% below its estimated GF Value™ of $0.69.
GuruFocus considers Canaan to be Possible Value Trap.
Key valuation signals for CAN:
Debt-to-EBITDA: -0.16
GF Value™: $0.69 vs. price of $0.33 (51.6% below fair value)
No single metric tells the full story. See the CAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment and the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts and accessories. Geographically, the company derives its maximum revenue from United States.
39GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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