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Note ABCHIX:NOTES -10.13%95 Debt-to-EBITDA is 3.29 as of Jun. 2026, which is 125% above its 10-year median of 1.46. GuruFocus rates CHIX:NOTES with a GF Score™ of 95/100 and a GF Value™ of kr168.52 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 1,796 Hardware companies, Note AB ranks worse than 69.71% 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 Note AB's Debt-to-EBITDA or its related term are showing as below:
CHIX:NOTEs'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.78 Med: 1.46 Max: 3.53
Current: 3.53
During the past 13 years, the highest Debt-to-EBITDA Ratio of Note AB was 3.53. The lowest was 0.78. And the median was 1.46.
CHIX:NOTEs's Debt-to-EBITDA is ranked worse than 69.71% of 1796
companies
in the Hardware industry
Industry Median: 1.715
vs CHIX:NOTEs: 3.53
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.
Note AB Debt-to-EBITDA Related Terms
Note AB Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Note AB'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.
For the Electronic Components subindustry, Note AB'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.
Note AB Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Note AB's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Note AB'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 (Jun. 2026) EBITDA data.
Note AB (CHIX:NOTES) has a Debt-to-EBITDA of 3.29 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Note AB. This is 125% above median its historical median of 1.46. Over the past decade, Note AB's Debt-to-EBITDA has ranged from 0.78 to 3.53. According to the industry distribution chart, Note AB ranks #1252 out of 1796 companies in the Hardware industry, placing it in the top 69.7%.
Is Note AB's Debt-to-EBITDA too high?
Note AB's current Debt-to-EBITDA of 3.29 is 125% above median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 0.78 to a high of 3.53. The Hardware industry median Debt-to-EBITDA is 1.72. Note AB's value of 3.29 is 91.8% above this industry median. Based on the distribution chart, Note AB ranks #1252 out of 1796 companies in the Hardware industry, which is below the industry midpoint. Overall, Note AB has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Note AB's Debt-to-EBITDA compare to APH and GLW?
According to the Hardware industry distribution chart, Note AB ranks #1252 out of 1796 companies for Debt-to-EBITDA. This places Note AB in the lower half of its industry. The industry median Debt-to-EBITDA is 1.72. Note AB's value of 3.29 is 91.8% above this benchmark. Historically, Note AB's own Debt-to-EBITDA has ranged from 0.78 to 3.53 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 1.72, Note AB 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.72, based on 1,796 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. Note AB's current Debt-to-EBITDA of 3.29 is 91.8% 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 Note AB. For the Hardware industry, the median Debt-to-EBITDA is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Note AB's current Debt-to-EBITDA is 3.29, which is 125% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Note AB stock overvalued right now?
Based on GuruFocus' analysis, Note AB (CHIX:NOTES) is currently considered Modestly Undervalued. The stock's GF Value™ is kr168.52, compared to a current price of kr145.10 — trading 13.9% below its estimated fair value. The current Debt-to-EBITDA is 3.29, which is 125% above median its 10-year median of 1.46 and 91.8% above the Hardware industry median of 1.72. Note AB's overall GF Score™ is 95/100 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 Note AB (CHIX:NOTES), the current Debt-to-EBITDA is 3.29 as of Jun. 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 Note AB (CHIX:NOTES) Overvalued in 2026?
Based on GuruFocus' analysis, Note AB stock appears to be undervalued.
The current stock price of kr145.10 is trading 13.9% below its estimated GF Value™ of kr168.52.
GuruFocus considers Note AB to be Modestly Undervalued.
Key valuation signals for CHIX:NOTES:
Debt-to-EBITDA: 3.29 (125% above median its 10-year median of 1.46)
GF Value™: kr168.52 vs. price of kr145.10 (13.9% below fair value)
Industry Position: 91.8% above the Hardware median (#1252 of 1796)
No single metric tells the full story. See the CHIX:NOTES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Note AB is a Swedish based EMS partner. engaged in manufacturing electronics-based products that require high technology competence and flexibility. Its business has four segments which are Industrial, Communication, Medtech and Greentech.
95GF Score
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