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Flex LNGFLNG +0.52%63 Debt-to-EBITDA is 5.32 as of Jun. 2026, which is 12% below its 10-year median of 6.03. GuruFocus rates FLNG with a GF Score™ of 63/100 and a GF Value™ of $26.06 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 718 Oil & Gas companies, Flex LNG ranks worse than 89% 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 Flex LNG's Debt-to-EBITDA or its related term are showing as below:
FLNG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -15.76 Med: 6.03 Max: 15.26
Current: 6.72
During the past 13 years, the highest Debt-to-EBITDA Ratio of Flex LNG was 15.26. The lowest was -15.76. And the median was 6.03.
FLNG's Debt-to-EBITDA is ranked worse than 89% of 718
companies
in the Oil & Gas industry
Industry Median: 1.83
vs FLNG: 6.72
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.
Flex LNG Debt-to-EBITDA Related Terms
Flex LNG Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Flex LNG'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 Oil & Gas Midstream subindustry, Flex LNG'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.
Flex LNG Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Flex LNG's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Flex LNG'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.
Flex LNG (FLNG) has a Debt-to-EBITDA of 5.32 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 Flex LNG. This is 12% below median its historical median of 6.03. According to the industry distribution chart, Flex LNG ranks #639 out of 718 companies in the Oil & Gas industry, placing it in the top 89%.
Is Flex LNG's Debt-to-EBITDA too high?
Flex LNG's current Debt-to-EBITDA of 5.32 is 12% below median its 10-year median of 6.03. The Oil & Gas industry median Debt-to-EBITDA is 1.83. Flex LNG's value of 5.32 is 190.7% above this industry median. Based on the distribution chart, Flex LNG ranks #639 out of 718 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Flex LNG has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Flex LNG's Debt-to-EBITDA compare to GLP and PBT?
According to the Oil & Gas industry distribution chart, Flex LNG ranks #639 out of 718 companies for Debt-to-EBITDA. This places Flex LNG in the lower half of its industry. The industry median Debt-to-EBITDA is 1.83. Flex LNG's value of 5.32 is 190.7% above this benchmark. While the company's 10-year median is 6.03 vs. the industry median of 1.83, Flex LNG 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 1.83, based on 718 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. Flex LNG's current Debt-to-EBITDA of 5.32 is 190.7% 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 Flex LNG. For the Oil & Gas industry, the median Debt-to-EBITDA is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flex LNG's current Debt-to-EBITDA is 5.32, which is 12% below median its own 10-year median of 6.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Flex LNG stock overvalued right now?
Based on GuruFocus' analysis, Flex LNG (FLNG) is currently considered Modestly Overvalued. The stock's GF Value™ is $26.06, compared to a current price of $31.14 — trading 19.5% above its estimated fair value. The current Debt-to-EBITDA is 5.32, which is 12% below median its 10-year median of 6.03 and 190.7% above the Oil & Gas industry median of 1.83. Flex LNG's overall GF Score™ is 63/100 with 7 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 Flex LNG (FLNG), the current Debt-to-EBITDA is 5.32 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 Flex LNG (FLNG) Overvalued in 2026?
Based on GuruFocus' analysis, Flex LNG stock appears to be overvalued.
The current stock price of $31.14 is trading 19.5% above its estimated GF Value™ of $26.06.
GuruFocus considers Flex LNG to be Modestly Overvalued.
Key valuation signals for FLNG:
Debt-to-EBITDA: 5.32 (12% below median its 10-year median of 6.03)
GF Value™: $26.06 vs. price of $31.14 (19.5% above fair value)
Industry Position: 190.7% above the Oil & Gas median (#639 of 718)
No single metric tells the full story. See the FLNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The company's fleet consists of several LNG carriers on the water, and all of its vessels are of the latest generation equipped with two-stroke propulsion. Its fleet consists of M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers and Generation X Dual Fuel (X-DF) LNG carriers, offering improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. The company has one reportable segment: vessel operations, which generates revenue from the chartering of vessels to customers.
63GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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