Air France-KLMCHIX:AFP 69 Debt-to-EBITDA is 5.10 as of Mar. 2026, which is 92% above its 10-year median of 2.65. GuruFocus rates CHIX:AFP with a GF Score™ of 69/100 and a GF Value™ of €10.08 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 865 Transportation companies, Air France-KLM ranks better than 53.18% 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 Air France-KLM's Debt-to-EBITDA or its related term are showing as below:
CHIX:AFp'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -42.56 Med: 2.65 Max: 3.92
Current: 2.45
During the past 13 years, the highest Debt-to-EBITDA Ratio of Air France-KLM was 3.92. The lowest was -42.56. And the median was 2.65.
CHIX:AFp's Debt-to-EBITDA is ranked better than 53.18% of 865
companies
in the Transportation industry
Industry Median: 2.64
vs CHIX:AFp: 2.45
Air France-KLM (CHIX:AFp) 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.
Air France-KLM Debt-to-EBITDA Related Terms
Air France-KLM Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Air France-KLM'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.
CHIX:AFP vs DAL, UAL, LUV: Debt-to-EBITDA Comparison
For the Airlines subindustry, Air France-KLM'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.
Air France-KLM Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Air France-KLM's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Air France-KLM'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.
Air France-KLM (CHIX:AFP) has a Debt-to-EBITDA of 5.10 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 Air France-KLM. This is 92% above median its historical median of 2.65. According to the industry distribution chart, Air France-KLM ranks #405 out of 865 companies in the Transportation industry, placing it in the top 46.8%.
Is Air France-KLM's Debt-to-EBITDA too high?
Air France-KLM's current Debt-to-EBITDA of 5.10 is 92% above median its 10-year median of 2.65. The Transportation industry median Debt-to-EBITDA is 2.64. Air France-KLM's value of 5.10 is 93.2% above this industry median. Based on the distribution chart, Air France-KLM ranks #405 out of 865 companies in the Transportation industry, which is above the industry midpoint. Overall, Air France-KLM has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Air France-KLM's Debt-to-EBITDA compare to DAL and UAL?
According to the Transportation industry distribution chart, Air France-KLM ranks #405 out of 865 companies for Debt-to-EBITDA. This puts Air France-KLM in the upper half of its industry. The industry median Debt-to-EBITDA is 2.64. Air France-KLM's value of 5.10 is 93.2% above this benchmark. While the company's 10-year median is 2.65 vs. the industry median of 2.64, Air France-KLM 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 Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.64, based on 865 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. Air France-KLM's current Debt-to-EBITDA of 5.10 is 93.2% 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 Air France-KLM. For the Transportation industry, the median Debt-to-EBITDA is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Air France-KLM's current Debt-to-EBITDA is 5.10, which is 92% above median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Air France-KLM stock overvalued right now?
Based on GuruFocus' analysis, Air France-KLM (CHIX:AFP) is currently considered Modestly Overvalued. The stock's GF Value™ is €10.08, compared to a current price of €12.32 — trading 22.2% above its estimated fair value. The current Debt-to-EBITDA is 5.10, which is 92% above median its 10-year median of 2.65 and 93.2% above the Transportation industry median of 2.64. Air France-KLM's overall GF Score™ is 69/100 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 Air France-KLM (CHIX:AFP), the current Debt-to-EBITDA is 5.10 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 Air France-KLM (CHIX:AFP) Overvalued in 2026?
Based on GuruFocus' analysis, Air France-KLM stock appears to be overvalued.
The current stock price of €12.32 is trading 22.2% above its estimated GF Value™ of €10.08.
GuruFocus considers Air France-KLM to be Modestly Overvalued.
Key valuation signals for CHIX:AFP:
Debt-to-EBITDA: 5.10 (92% above median its 10-year median of 2.65)
GF Value™: €10.08 vs. price of €12.32 (22.2% above fair value)
Industry Position: 93.2% above the Transportation median (#405 of 865)
No single metric tells the full story. See the CHIX:AFP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Air France-KLM is a European airline group engaged in businesses that include passenger and cargo transportation, low-cost operations, and aircraft maintenance. The group has four segments: network, maintenance, Transavia, and other. The network segment derives key revenue for the passenger and cargo network, mainly coming from passenger transportation services on scheduled flights with the group's airline code. The company's geographic markets include France, Benelux, Europe, and the rest of the world, with the majority of revenue coming from France, including its overseas division.
69GF Score
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