Exxaro ResourcesEXXAF 85 Debt-to-EBITDA is 0.86 as of Dec. 2025, which is 32% above its 10-year median of 0.65. GuruFocus rates EXXAF with a GF Score™ of 85/100 and a GF Value™ of $11.50 (Fairly Valued). The stock has 5 warning signs investors should review. Among 93 Other Energy Sources companies, Exxaro Resources ranks better than 68.82% 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 Exxaro Resources's Debt-to-EBITDA or its related term are showing as below:
EXXAF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.37 Med: 0.65 Max: 1.09
Current: 0.8
During the past 13 years, the highest Debt-to-EBITDA Ratio of Exxaro Resources was 1.09. The lowest was 0.37. And the median was 0.65.
EXXAF's Debt-to-EBITDA is ranked better than 68.82% of 93
companies
in the Other Energy Sources industry
Industry Median: 2.17
vs EXXAF: 0.80
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.
Exxaro Resources Debt-to-EBITDA Related Terms
Exxaro Resources Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Exxaro Resources'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 Thermal Coal subindustry, Exxaro Resources'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.
Exxaro Resources Debt-to-EBITDA vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Exxaro Resources's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Exxaro Resources'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.
Exxaro Resources (EXXAF) has a Debt-to-EBITDA of 0.86 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 Exxaro Resources. This is 32% above median its historical median of 0.65. Over the past decade, Exxaro Resources' Debt-to-EBITDA has ranged from 0.37 to 1.09. According to the industry distribution chart, Exxaro Resources ranks #29 out of 93 companies in the Other Energy Sources industry, placing it in the top 31.2%.
Is Exxaro Resources' Debt-to-EBITDA too high?
Exxaro Resources' current Debt-to-EBITDA of 0.86 is 32% above median its 10-year median of 0.65. Over the past 10 years, this metric has ranged from a low of 0.37 to a high of 1.09. The Other Energy Sources industry median Debt-to-EBITDA is 2.17. Exxaro Resources' value of 0.86 is 60.4% below this industry median. Based on the distribution chart, Exxaro Resources ranks #29 out of 93 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, Exxaro Resources has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Exxaro Resources' Debt-to-EBITDA compare to CNR?
According to the Other Energy Sources industry distribution chart, Exxaro Resources ranks #29 out of 93 companies for Debt-to-EBITDA. This puts Exxaro Resources in the upper half of its industry. The industry median Debt-to-EBITDA is 2.17. Exxaro Resources' value of 0.86 is 60.4% below this benchmark. Historically, Exxaro Resources' own Debt-to-EBITDA has ranged from 0.37 to 1.09 over the past decade. While the company's 10-year median is 0.65 vs. the industry median of 2.17, Exxaro Resources 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 Other Energy Sources company?
The median Debt-to-EBITDA among Other Energy Sources companies is 2.17, based on 93 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. Exxaro Resources's current Debt-to-EBITDA of 0.86 is 60.4% 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 Exxaro Resources. For the Other Energy Sources industry, the median Debt-to-EBITDA is 2.17 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exxaro Resources's current Debt-to-EBITDA is 0.86, which is 32% above median its own 10-year median of 0.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exxaro Resources stock overvalued right now?
Based on GuruFocus' analysis, Exxaro Resources (EXXAF) is currently considered Fairly Valued. The stock's GF Value™ is $11.50, compared to a current price of $12.45 — trading 8.3% above its estimated fair value. The current Debt-to-EBITDA is 0.86, which is 32% above median its 10-year median of 0.65 and 60.4% below the Other Energy Sources industry median of 2.17. Exxaro Resources' overall GF Score™ is 85/100 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 Exxaro Resources (EXXAF), the current Debt-to-EBITDA is 0.86 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 Exxaro Resources (EXXAF) Overvalued in 2026?
Based on GuruFocus' analysis, Exxaro Resources stock appears to be overvalued.
The current stock price of $12.45 is trading 8.3% above its estimated GF Value™ of $11.50.
GuruFocus considers Exxaro Resources to be Fairly Valued.
Key valuation signals for EXXAF:
Debt-to-EBITDA: 0.86 (32% above median its 10-year median of 0.65)
GF Value™: $11.50 vs. price of $12.45 (8.3% above fair value)
Industry Position: 60.4% below the Other Energy Sources median (#29 of 93)
No single metric tells the full story. See the EXXAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Exxaro Resources Ltd is one of the South Africa-based diversified resources companies. The company's operating segments are: Coal, Energy, Metals, and Others. The majority of its revenue comes from the coal segment, whose operations are located in the Waterberg and Mpumalanga regions and are split between coal commercial operations and coal-tied operations and produce thermal and metallurgical coal, Commercial Waterberg is comprised mainly of the Grootegeluk operation, Commercial Mpumalanga comprising the Belfast and Leeuwpan operations, and Tied comprising of the Matla mine supplying its entire coal supply to Eskom; and Others comprises of the other coal affiliated operation. Geographically, the company derives majority of its revenue from the RSA region ( Republic of South Africa).
85GF Score
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