Frontline (CHIX:FROO) Debt-to-EBITDA : 1.10 (As of Mar. 2026) — 67% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

CHIX:FROO Frontline PLC CHIX:FROO
71 GF Score
Price kr368.85
GF Value kr256.52
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Frontline Debt-to-EBITDA?

Frontline CHIX:FROO 71 Debt-to-EBITDA is 1.10 as of Mar. 2026, which is 67% below its 10-year median of 3.38. GuruFocus rates CHIX:FROO with a GF Score™ of 71/100 and a GF Value™ of kr256.52 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 706 Oil & Gas companies, Frontline ranks worse than 55.52% on this metric.

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

Frontline's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr2,700 Mil. Frontline's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr22,712 Mil. Frontline's annualized EBITDA for the quarter that ended in Mar. 2026 was kr23,177 Mil. Frontline's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 1.10.

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

CHIX:FROo' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -37.17   Med: 3.38   Max: 11.25
Current: 2.36

During the past 13 years, the highest Debt-to-EBITDA Ratio of Frontline was 11.25. The lowest was -37.17. And the median was 3.38.

CHIX:FROo's Debt-to-EBITDA is ranked worse than
55.52% of 706 companies
in the Oil & Gas industry
Industry Median: 2.005 vs CHIX:FROo: 2.36

Frontline  (CHIX:FROo) 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.


Frontline Debt-to-EBITDA Related Terms


Frontline Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Frontline'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.

Frontline Debt-to-EBITDA Chart

Frontline 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 11.25 3.24 3.25 3.27 3.25

Frontline 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 9.36 6.53 8.05 2.76 1.10

CHIX:FROO vs VNOM, GLNG, HESM: Debt-to-EBITDA Comparison

For the Oil & Gas Midstream subindustry, Frontline'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.


Frontline Debt-to-EBITDA vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Frontline's Debt-to-EBITDA distribution charts can be found below:

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


CHIX:FROO
71GF Score
Frontline PLC CHIX:FROO
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Frontline Debt-to-EBITDA Calculation

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

Frontline'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
=(3239.464 + 27765.928) / 9547.15
=3.25

Frontline'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
=(2700.477 + 22712.14) / 23177.316
=1.10

* 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 1.10 mean?
Frontline (CHIX:FROO) has a Debt-to-EBITDA of 1.10 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 Frontline. This is 67% below median its historical median of 3.38. According to the industry distribution chart, Frontline ranks #392 out of 706 companies in the Oil & Gas industry, placing it in the top 55.5%.
Is Frontline's Debt-to-EBITDA too high?
Frontline's current Debt-to-EBITDA of 1.10 is 67% below median its 10-year median of 3.38. The Oil & Gas industry median Debt-to-EBITDA is 2.01. Frontline's value of 1.10 is 45.1% below this industry median. Based on the distribution chart, Frontline ranks #392 out of 706 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Frontline has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Frontline's Debt-to-EBITDA compare to VNOM and GLNG?
According to the Oil & Gas industry distribution chart, Frontline ranks #392 out of 706 companies for Debt-to-EBITDA. This places Frontline in the lower half of its industry. The industry median Debt-to-EBITDA is 2.01. Frontline's value of 1.10 is 45.1% below this benchmark. While the company's 10-year median is 3.38 vs. the industry median of 2.01, Frontline has consistently been below 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 an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.01, based on 706 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. Frontline's current Debt-to-EBITDA of 1.10 is 45.1% 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 Frontline. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frontline's current Debt-to-EBITDA is 1.10, which is 67% below median its own 10-year median of 3.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frontline stock overvalued right now?
Based on GuruFocus' analysis, Frontline (CHIX:FROO) is currently considered Significantly Overvalued. The stock's GF Value™ is kr256.52, compared to a current price of kr368.85 — trading 43.8% above its estimated fair value. The current Debt-to-EBITDA is 1.10, which is 67% below median its 10-year median of 3.38 and 45.1% below the Oil & Gas industry median of 2.01. Frontline's overall GF Score™ is 71/100 with 4 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 Frontline (CHIX:FROO), the current Debt-to-EBITDA is 1.10 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 Frontline (CHIX:FROO) Overvalued in 2026?

Based on GuruFocus' analysis, Frontline stock appears to be overvalued. The current stock price of kr368.85 is trading 43.8% above its estimated GF Value™ of kr256.52. GuruFocus considers Frontline to be Significantly Overvalued.

Key valuation signals for CHIX:FROO:

  • Debt-to-EBITDA: 1.10 (67% below median its 10-year median of 3.38)
  • GF Value™: kr256.52 vs. price of kr368.85 (43.8% above fair value)
  • GF Score™: 71/100 with 4 warning signs
  • Industry Position: 45.1% below the Oil & Gas median (#392 of 706)

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


Frontline Business Description

Industry EnergyOil & Gas
Address 8, John Kennedy Street, Office 740B, 7th Floor, Iris House, Limassol, CYP, 3106
Frontline PLC is an international shipping company engaged in the seaborne transportation of crude oil and oil products. It owns and operates modern fleets in the industry, consisting of VLCCs, Suezmax tankers, LR2, and Aframax tankers, which operate in the spot and time charter markets. The vessels normally trade between the larger refinery centers around the world, such as the Gulf of Mexico, the Middle East, Rotterdam, and Singapore. The company generates the majority of its revenue from voyage and time charters. It has only one reportable segment: tankers.
71GF Score

Get the complete analysis for CHIX:FROO

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

kr368.85
Price
kr256.52
GF Value