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Tullow OilCHIX:TLWL +3.76%39 Debt-to-EBITDA is 3.21 as of Dec. 2025, which is 1% above its 10-year median of 3.18. GuruFocus rates CHIX:TLWL with a GF Score™ of 39/100 and a GF Value™ of £0.13 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 706 Oil & Gas companies, Tullow Oil ranks worse than 69.69% 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 Tullow Oil's Debt-to-EBITDA or its related term are showing as below:
CHIX:TLWl'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -20.14 Med: 3.18 Max: 8.61
Current: 3.61
During the past 13 years, the highest Debt-to-EBITDA Ratio of Tullow Oil was 8.61. The lowest was -20.14. And the median was 3.18.
CHIX:TLWl's Debt-to-EBITDA is ranked worse than 69.69% of 706
companies
in the Oil & Gas industry
Industry Median: 2.035
vs CHIX:TLWl: 3.61
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.
Tullow Oil Debt-to-EBITDA Related Terms
Tullow Oil Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Tullow Oil'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:TLWL vs COP, EOG, FANG: Debt-to-EBITDA Comparison
For the Oil & Gas E&P subindustry, Tullow Oil'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.
Tullow Oil Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Tullow Oil's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Tullow Oil'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 two times the quarterly (Dec. 2025) EBITDA data.
Tullow Oil (CHIX:TLWL) has a Debt-to-EBITDA of 3.21 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 Tullow Oil. This is near median its historical median of 3.18. According to the industry distribution chart, Tullow Oil ranks #492 out of 706 companies in the Oil & Gas industry, placing it in the top 69.7%.
Is Tullow Oil's Debt-to-EBITDA too high?
Tullow Oil's current Debt-to-EBITDA of 3.21 is near median its 10-year median of 3.18. The Oil & Gas industry median Debt-to-EBITDA is 2.04. Tullow Oil's value of 3.21 is 57.7% above this industry median. Based on the distribution chart, Tullow Oil ranks #492 out of 706 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Tullow Oil has a GF Score™ of 39/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tullow Oil's Debt-to-EBITDA compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Tullow Oil ranks #492 out of 706 companies for Debt-to-EBITDA. This places Tullow Oil in the lower half of its industry. The industry median Debt-to-EBITDA is 2.04. Tullow Oil's value of 3.21 is 57.7% above this benchmark. While the company's 10-year median is 3.18 vs. the industry median of 2.04, Tullow Oil 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 an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.04, 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. Tullow Oil's current Debt-to-EBITDA of 3.21 is 57.7% 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 Tullow Oil. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tullow Oil's current Debt-to-EBITDA is 3.21, which is near median its own 10-year median of 3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tullow Oil stock overvalued right now?
Based on GuruFocus' analysis, Tullow Oil (CHIX:TLWL) is currently considered Modestly Overvalued. The stock's GF Value™ is £0.13, compared to a current price of £0.15 — trading 14.8% above its estimated fair value. The current Debt-to-EBITDA is 3.21, which is near median its 10-year median of 3.18 and 57.7% above the Oil & Gas industry median of 2.04. Tullow Oil's overall GF Score™ is 39/100 with 5 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 Tullow Oil (CHIX:TLWL), the current Debt-to-EBITDA is 3.21 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 Tullow Oil (CHIX:TLWL) Overvalued in 2026?
Based on GuruFocus' analysis, Tullow Oil stock appears to be overvalued.
The current stock price of £0.15 is trading 14.8% above its estimated GF Value™ of £0.13.
GuruFocus considers Tullow Oil to be Modestly Overvalued.
Key valuation signals for CHIX:TLWL:
Debt-to-EBITDA: 3.21 (near median its 10-year median of 3.18)
GF Value™: £0.13 vs. price of £0.15 (14.8% above fair value)
Industry Position: 57.7% above the Oil & Gas median (#492 of 706)
No single metric tells the full story. See the CHIX:TLWL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tullow Oil PLC is an independent oil and gas exploration and production company. The company conducts exploration, appraisal, and development activities in the African and Atlantic regions. The majority of revenue is derived from West African assets, with a focus on offshore fields. Assets used in oil and gas production are acquired through licenses. The company generates revenue from natural gas and crude oil sales. Its reportable segments are: Ghana, which generates key revenue, and the other segment.
39GF Score
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