Industrial & Infrastructure Fund Investment (FRA:2ES) Debt-to-EBITDA : 9.90 (As of Jan. 2026) — 11% Below Median

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FRA:2ES Industrial & Infrastructure Fund Investment Corp FRA:2ES
76 GF Score
Price €785.00
GF Value €750.53
! 11 Warning Signs
View Full Analysis

What is Industrial & Infrastructure Fund Investment Debt-to-EBITDA?

Industrial & Infrastructure Fund Investment FRA:2ES +1.29% 76 Debt-to-EBITDA is 9.90 as of Jan. 2026, which is 11% below its 10-year median of 11.15. GuruFocus rates FRA:2ES with a GF Score™ of 76/100 and a GF Value™ of €750.53. The stock has 11 warning signs investors should review. Among 578 REITs companies, Industrial & Infrastructure Fund Investment ranks worse than 78.37% on this metric.

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

Industrial & Infrastructure Fund Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was €227.1 Mil. Industrial & Infrastructure Fund Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was €1,371.3 Mil. Industrial & Infrastructure Fund Investment's annualized EBITDA for the quarter that ended in Jan. 2026 was €161.4 Mil. Industrial & Infrastructure Fund Investment's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2026 was 9.90.

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 Industrial & Infrastructure Fund Investment's Debt-to-EBITDA or its related term are showing as below:

FRA:2ES' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 10.49   Med: 11.15   Max: 12.52
Current: 10.49

During the past 13 years, the highest Debt-to-EBITDA Ratio of Industrial & Infrastructure Fund Investment was 12.52. The lowest was 10.49. And the median was 11.15.

FRA:2ES's Debt-to-EBITDA is ranked worse than
78.37% of 578 companies
in the REITs industry
Industry Median: 6.51 vs FRA:2ES: 10.49

Industrial & Infrastructure Fund Investment  (FRA:2ES) 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.


Industrial & Infrastructure Fund Investment Debt-to-EBITDA Related Terms


Industrial & Infrastructure Fund Investment Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Industrial & Infrastructure Fund Investment'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.

Industrial & Infrastructure Fund Investment Debt-to-EBITDA Chart

Industrial & Infrastructure Fund Investment Annual Data
Trend Dec16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.56 11.06 11.02 12.52 10.95

Industrial & Infrastructure Fund Investment Semi-Annual Data
Jun16 Dec16 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 10.95 11.30 11.28 10.67 9.90

FRA:2ES vs PLD, PSA, EXR: Debt-to-EBITDA Comparison

For the REIT - Industrial subindustry, Industrial & Infrastructure Fund Investment'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.


Industrial & Infrastructure Fund Investment Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Industrial & Infrastructure Fund Investment's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Industrial & Infrastructure Fund Investment's Debt-to-EBITDA falls into.


FRA:2ES
76GF Score
Industrial & Infrastructure Fund Investment Corp FRA:2ES
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrial & Infrastructure Fund Investment Debt-to-EBITDA Calculation

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

Industrial & Infrastructure Fund Investment's Debt-to-EBITDA for the fiscal year that ended in Jul. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(165.344 + 1472.565) / 149.618
=10.95

Industrial & Infrastructure Fund Investment's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(227.077 + 1371.336) / 161.43
=9.90

* 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 (Jan. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 9.90 mean?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a Debt-to-EBITDA of 9.90 as of Jan. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Industrial & Infrastructure Fund Investment. This is 11% below median its historical median of 11.15. Over the past decade, Industrial & Infrastructure Fund Investment's Debt-to-EBITDA has ranged from 10.49 to 12.52. According to the industry distribution chart, Industrial & Infrastructure Fund Investment ranks #453 out of 578 companies in the REITs industry, placing it in the top 78.4%.
Is Industrial & Infrastructure Fund Investment's Debt-to-EBITDA too high?
Industrial & Infrastructure Fund Investment's current Debt-to-EBITDA of 9.90 is 11% below median its 10-year median of 11.15. Over the past 10 years, this metric has ranged from a low of 10.49 to a high of 12.52. The REITs industry median Debt-to-EBITDA is 6.51. Industrial & Infrastructure Fund Investment's value of 9.90 is 52.1% above this industry median. Based on the distribution chart, Industrial & Infrastructure Fund Investment ranks #453 out of 578 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Industrial & Infrastructure Fund Investment has a GF Score™ of 76/100, reflecting its overall financial health beyond just this single metric.
How does Industrial & Infrastructure Fund Investment's Debt-to-EBITDA compare to PLD and PSA?
According to the REITs industry distribution chart, Industrial & Infrastructure Fund Investment ranks #453 out of 578 companies for Debt-to-EBITDA. This places Industrial & Infrastructure Fund Investment in the lower half of its industry. The industry median Debt-to-EBITDA is 6.51. Industrial & Infrastructure Fund Investment's value of 9.90 is 52.1% above this benchmark. Historically, Industrial & Infrastructure Fund Investment's own Debt-to-EBITDA has ranged from 10.49 to 12.52 over the past decade. While the company's 10-year median is 11.15 vs. the industry median of 6.51, Industrial & Infrastructure Fund Investment 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 REITs company?
The median Debt-to-EBITDA among REITs companies is 6.51, based on 578 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. Industrial & Infrastructure Fund Investment's current Debt-to-EBITDA of 9.90 is 52.1% 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 Industrial & Infrastructure Fund Investment. For the REITs industry, the median Debt-to-EBITDA is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Industrial & Infrastructure Fund Investment's current Debt-to-EBITDA is 9.90, which is 11% below median its own 10-year median of 11.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial & Infrastructure Fund Investment stock overvalued right now?
Industrial & Infrastructure Fund Investment (FRA:2ES) has a current Debt-to-EBITDA of 9.90. The stock's GF Value™ is €750.53, compared to a current price of €785.00 — trading 4.6% above its estimated fair value. The current Debt-to-EBITDA is 9.90, which is 11% below median its 10-year median of 11.15 and 52.1% above the REITs industry median of 6.51. Industrial & Infrastructure Fund Investment's overall GF Score™ is 76/100 with 11 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 Industrial & Infrastructure Fund Investment (FRA:2ES), the current Debt-to-EBITDA is 9.90 as of Jan. 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 Industrial & Infrastructure Fund Investment (FRA:2ES) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial & Infrastructure Fund Investment stock appears to be overvalued. The current stock price of €785.00 is trading 4.6% above its estimated GF Value™ of €750.53.

Key valuation signals for FRA:2ES:

  • Debt-to-EBITDA: 9.90 (11% below median its 10-year median of 11.15)
  • GF Value™: €750.53 vs. price of €785.00 (4.6% above fair value)
  • GF Score™: 76/100 with 11 warning signs
  • Industry Position: 52.1% above the REITs median (#453 of 578)

No single metric tells the full story. See the FRA:2ES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Industrial & Infrastructure Fund Investment Business Description

Industry Real EstateREITs
Other Exchanges 3249:Japan
Address Tokyo Building 7-3, Marunouchi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-6420
Industrial & Infrastructure Fund Investment Corp operates as a J-REIT specializing in industrial properties. The company focuses on industrial properties including logistic facilities, manufacturing and R&D facilities, and infrastructures.
76GF Score

Get the complete analysis for FRA:2ES

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

€785.00
Price
€750.53
GF Value