FNNNF (Finnair Oyj) Debt-to-EBITDA : 1.03 (As of Jun. 2026) — 71% Below Median

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Director of Data and Quant Analytics at GuruFocus
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FNNNF Finnair Oyj FNNNF
66 GF Score
Price $5.73
GF Value $3.28
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Finnair Oyj Debt-to-EBITDA?

Finnair Oyj FNNNF +17.32% 66 Debt-to-EBITDA is 1.03 as of Jun. 2026, which is 71% below its 10-year median of 3.55. GuruFocus rates FNNNF with a GF Score™ of 66/100 and a GF Value™ of $3.28 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 870 Transportation companies, Finnair Oyj ranks worse than 61.49% on this metric.

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

Finnair Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $146 Mil. Finnair Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $696 Mil. Finnair Oyj's annualized EBITDA for the quarter that ended in Jun. 2026 was $818 Mil. Finnair Oyj's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 1.03.

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

FNNNF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.17   Med: 3.55   Max: 48.15
Current: 3.51

During the past 13 years, the highest Debt-to-EBITDA Ratio of Finnair Oyj was 48.15. The lowest was -16.17. And the median was 3.55.

FNNNF's Debt-to-EBITDA is ranked worse than
61.49% of 870 companies
in the Transportation industry
Industry Median: 2.645 vs FNNNF: 3.51

Finnair Oyj  (OTCPK:FNNNF) 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.


Finnair Oyj Debt-to-EBITDA Related Terms


Finnair Oyj Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Finnair Oyj'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.

Finnair Oyj Debt-to-EBITDA Chart

Finnair Oyj 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 -16.17 48.15 3.56 3.95 4.03

Finnair Oyj Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.22 2.66 3.27 4.59 1.03

FNNNF vs DAL, UAL, LUV: Debt-to-EBITDA Comparison

For the Airlines subindustry, Finnair Oyj'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.


Finnair Oyj Debt-to-EBITDA vs Transportation Industry

For the Transportation industry and Industrials sector, Finnair Oyj's Debt-to-EBITDA distribution charts can be found below:

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


FNNNF
66GF Score
Finnair Oyj FNNNF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Finnair Oyj Debt-to-EBITDA Calculation

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

Finnair Oyj'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
=(212.998 + 1874.59) / 518.15
=4.03

Finnair Oyj's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(146.313 + 696.313) / 817.972
=1.03

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.03 mean?
Finnair Oyj (FNNNF) has a Debt-to-EBITDA of 1.03 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 Finnair Oyj. This is 71% below median its historical median of 3.55. According to the industry distribution chart, Finnair Oyj ranks #535 out of 870 companies in the Transportation industry, placing it in the top 61.5%.
Is Finnair Oyj's Debt-to-EBITDA too high?
Finnair Oyj's current Debt-to-EBITDA of 1.03 is 71% below median its 10-year median of 3.55. The Transportation industry median Debt-to-EBITDA is 2.65. Finnair Oyj's value of 1.03 is 61.1% below this industry median. Based on the distribution chart, Finnair Oyj ranks #535 out of 870 companies in the Transportation industry, which is below the industry midpoint. Overall, Finnair Oyj has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Finnair Oyj's Debt-to-EBITDA compare to DAL and UAL?
According to the Transportation industry distribution chart, Finnair Oyj ranks #535 out of 870 companies for Debt-to-EBITDA. This places Finnair Oyj in the lower half of its industry. The industry median Debt-to-EBITDA is 2.65. Finnair Oyj's value of 1.03 is 61.1% below this benchmark. While the company's 10-year median is 3.55 vs. the industry median of 2.65, Finnair Oyj 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 a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.65, based on 870 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. Finnair Oyj's current Debt-to-EBITDA of 1.03 is 61.1% 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 Finnair Oyj. For the Transportation industry, the median Debt-to-EBITDA is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Finnair Oyj's current Debt-to-EBITDA is 1.03, which is 71% below median its own 10-year median of 3.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Finnair Oyj stock overvalued right now?
Based on GuruFocus' analysis, Finnair Oyj (FNNNF) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.28, compared to a current price of $5.73 — trading 74.5% above its estimated fair value. The current Debt-to-EBITDA is 1.03, which is 71% below median its 10-year median of 3.55 and 61.1% below the Transportation industry median of 2.65. Finnair Oyj's overall GF Score™ is 66/100 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 Finnair Oyj (FNNNF), the current Debt-to-EBITDA is 1.03 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 Finnair Oyj (FNNNF) Overvalued in 2026?

Based on GuruFocus' analysis, Finnair Oyj stock appears to be overvalued. The current stock price of $5.73 is trading 74.5% above its estimated GF Value™ of $3.28. GuruFocus considers Finnair Oyj to be Significantly Overvalued.

Key valuation signals for FNNNF:

  • Debt-to-EBITDA: 1.03 (71% below median its 10-year median of 3.55)
  • GF Value™: $3.28 vs. price of $5.73 (74.5% above fair value)
  • GF Score™: 66/100 with 4 warning signs
  • Industry Position: 61.1% below the Transportation median (#535 of 870)

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


Finnair Oyj Business Description

Address Tietotie 9 A Helsinki Airport, PO Box 15, Vantaa, FIN, 01053
Finnair Oyj is a Finland-based airline company that provides air transport operations and supporting services. The company is engaged in delivering services for scheduled passenger and charter traffic as well as cargo sales, customer service and service concepts, flight operations, and activities connected with the procurement and financing of aircraft. The company also provides travel services which consist of travel agency operations as well as tour operations and travel sector software business operations. It operates in only one segment which is Airline Business. Its travel services provide various traveling packages to customers through its travel operators and travel agencies, support services include catering services, Aircraft maintenance, ground handling, and Airline training.
66GF Score

Get the complete analysis for FNNNF

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

$5.73
Price
$3.28
GF Value