Altarea SCA (CHIX:ALTAP) Debt-to-EBITDA : 19.22 (As of Dec. 2025) — 126% Above Median

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CHIX:ALTAP Altarea SCA CHIX:ALTAP
66 GF Score
Price €96.10
GF Value €79.62
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Altarea SCA Debt-to-EBITDA?

Altarea SCA CHIX:ALTAP 66 Debt-to-EBITDA is 19.22 as of Dec. 2025, which is 126% above its 10-year median of 8.50. GuruFocus rates CHIX:ALTAP with a GF Score™ of 66/100 and a GF Value™ of €79.62 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 578 REITs companies, Altarea SCA ranks worse than 91% on this metric.

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

Altarea SCA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €505 Mil. Altarea SCA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €2,075 Mil. Altarea SCA's annualized EBITDA for the quarter that ended in Dec. 2025 was €134 Mil. Altarea SCA's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 19.22.

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

CHIX:ALTAp' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.24   Med: 8.5   Max: 15.01
Current: 14.88

During the past 13 years, the highest Debt-to-EBITDA Ratio of Altarea SCA was 15.01. The lowest was -10.24. And the median was 8.50.

CHIX:ALTAp's Debt-to-EBITDA is ranked worse than
91% of 578 companies
in the REITs industry
Industry Median: 6.49 vs CHIX:ALTAp: 14.88

Altarea SCA  (CHIX:ALTAp) 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.


Altarea SCA Debt-to-EBITDA Related Terms


Altarea SCA Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Altarea SCA'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.

Altarea SCA Debt-to-EBITDA Chart

Altarea SCA 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 9.29 4.90 -6.29 12.56 15.01

Altarea SCA Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 -2.86 10.83 14.17 11.79 19.22

CHIX:ALTAP vs AVB, EQR, ESS: Debt-to-EBITDA Comparison

For the REIT - Residential subindustry, Altarea SCA'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.


Altarea SCA Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Altarea SCA's Debt-to-EBITDA distribution charts can be found below:

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


CHIX:ALTAP
66GF Score
Altarea SCA CHIX:ALTAP
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Altarea SCA Debt-to-EBITDA Calculation

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

Altarea SCA'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
=(504.7 + 2074.8) / 171.9
=15.01

Altarea SCA's annualized Debt-to-EBITDA for the quarter 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
=(504.7 + 2074.8) / 134.2
=19.22

* 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 two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 19.22 mean?
Altarea SCA (CHIX:ALTAP) has a Debt-to-EBITDA of 19.22 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Altarea SCA. This is 126% above median its historical median of 8.50. According to the industry distribution chart, Altarea SCA ranks #526 out of 578 companies in the REITs industry, placing it in the top 91%.
Is Altarea SCA's Debt-to-EBITDA too high?
Altarea SCA's current Debt-to-EBITDA of 19.22 is 126% above median its 10-year median of 8.50. The REITs industry median Debt-to-EBITDA is 6.49. Altarea SCA's value of 19.22 is 196.1% above this industry median. Based on the distribution chart, Altarea SCA ranks #526 out of 578 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Altarea SCA has a GF Score™ of 66/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Altarea SCA's Debt-to-EBITDA compare to AVB and EQR?
According to the REITs industry distribution chart, Altarea SCA ranks #526 out of 578 companies for Debt-to-EBITDA. This places Altarea SCA in the lower half of its industry. The industry median Debt-to-EBITDA is 6.49. Altarea SCA's value of 19.22 is 196.1% above this benchmark. While the company's 10-year median is 8.50 vs. the industry median of 6.49, Altarea SCA 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 REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 578 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. Altarea SCA's current Debt-to-EBITDA of 19.22 is 196.1% 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 Altarea SCA. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altarea SCA's current Debt-to-EBITDA is 19.22, which is 126% above median its own 10-year median of 8.50. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altarea SCA stock overvalued right now?
Based on GuruFocus' analysis, Altarea SCA (CHIX:ALTAP) is currently considered Modestly Overvalued. The stock's GF Value™ is €79.62, compared to a current price of €96.10 — trading 20.7% above its estimated fair value. The current Debt-to-EBITDA is 19.22, which is 126% above median its 10-year median of 8.50 and 196.1% above the REITs industry median of 6.49. Altarea SCA's overall GF Score™ is 66/100 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 Altarea SCA (CHIX:ALTAP), the current Debt-to-EBITDA is 19.22 as of Dec. 2025. 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 Altarea SCA (CHIX:ALTAP) Overvalued in 2026?

Based on GuruFocus' analysis, Altarea SCA stock appears to be overvalued. The current stock price of €96.10 is trading 20.7% above its estimated GF Value™ of €79.62. GuruFocus considers Altarea SCA to be Modestly Overvalued.

Key valuation signals for CHIX:ALTAP:

  • Debt-to-EBITDA: 19.22 (126% above median its 10-year median of 8.50)
  • GF Value™: €79.62 vs. price of €96.10 (20.7% above fair value)
  • GF Score™: 66/100 with 6 warning signs
  • Industry Position: 196.1% above the REITs median (#526 of 578)

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


Altarea SCA Business Description

Industry Real EstateREITs
Address 87 rue de Richelieu, Paris, FRA, 75008
Altarea SCA is a real estate investment trust predominantly engaged in the acquisition, development, and management of properties throughout Western and Southern Europe. The company's real estate portfolio is composed of residential, retail, office, and mixed-use spaces. Altarea derives the majority of its revenue from rental income related to the leasing of its real estate assets. Its operating segments are; Retail; Residential; Business property; New businesses; and Others. Maximum rental income is generated from the Retail segment which consists of shopping centers under management or development. Geographically, it generates maximum revenue from France and the rest from Italy, Spain, and other regions.
66GF Score

Get the complete analysis for CHIX:ALTAP

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

€96.10
Price
€79.62
GF Value