Polski Holding Nieruchomosci (FRA:2PN) Debt-to-EBITDA : 9.24 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:2PN Polski Holding Nieruchomosci SA FRA:2PN
58 GF Score
Price €1.99
GF Value €2.79
! 7 Warning Signs
View Full Analysis

What is Polski Holding Nieruchomosci Debt-to-EBITDA?

Polski Holding Nieruchomosci FRA:2PN +0.25% 58 Debt-to-EBITDA is 9.24 as of Mar. 2026, which is 2% above its 10-year median of 9.04. GuruFocus rates FRA:2PN with a GF Score™ of 58/100 and a GF Value™ of €2.79. The stock has 7 warning signs investors should review. Among 1,278 Real Estate companies, Polski Holding Nieruchomosci ranks worse than 67.92% on this metric.

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

Polski Holding Nieruchomosci's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €155.4 Mil. Polski Holding Nieruchomosci's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €277.2 Mil. Polski Holding Nieruchomosci's annualized EBITDA for the quarter that ended in Mar. 2026 was €46.8 Mil. Polski Holding Nieruchomosci's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 9.24.

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 Polski Holding Nieruchomosci's Debt-to-EBITDA or its related term are showing as below:

FRA:2PN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -141.77   Med: 9.04   Max: 410.58
Current: 8.9

During the past 13 years, the highest Debt-to-EBITDA Ratio of Polski Holding Nieruchomosci was 410.58. The lowest was -141.77. And the median was 9.04.

FRA:2PN's Debt-to-EBITDA is ranked worse than
67.92% of 1278 companies
in the Real Estate industry
Industry Median: 5.555 vs FRA:2PN: 8.90

Polski Holding Nieruchomosci  (FRA:2PN) 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.


Polski Holding Nieruchomosci Debt-to-EBITDA Related Terms


Polski Holding Nieruchomosci Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Polski Holding Nieruchomosci'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.

Polski Holding Nieruchomosci Debt-to-EBITDA Chart

Polski Holding Nieruchomosci 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 8.03 12.49 -141.78 410.46 4.89

Polski Holding Nieruchomosci Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.19 15.09 11.74 5.49 9.24

FRA:2PN vs CBRE, BEKE, JLL: Debt-to-EBITDA Comparison

For the Real Estate Services subindustry, Polski Holding Nieruchomosci'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.


Polski Holding Nieruchomosci Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Polski Holding Nieruchomosci's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Polski Holding Nieruchomosci's Debt-to-EBITDA falls into.


FRA:2PN
58GF Score
Polski Holding Nieruchomosci SA FRA:2PN
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Polski Holding Nieruchomosci Debt-to-EBITDA Calculation

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

Polski Holding Nieruchomosci'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
=(83.923 + 351.306) / 89.097
=4.88

Polski Holding Nieruchomosci's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(155.369 + 277.192) / 46.82
=9.24

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 9.24 mean?
Polski Holding Nieruchomosci (FRA:2PN) has a Debt-to-EBITDA of 9.24 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Polski Holding Nieruchomosci. This is near median its historical median of 9.04. According to the industry distribution chart, Polski Holding Nieruchomosci ranks #868 out of 1278 companies in the Real Estate industry, placing it in the top 67.9%.
Is Polski Holding Nieruchomosci's Debt-to-EBITDA too high?
Polski Holding Nieruchomosci's current Debt-to-EBITDA of 9.24 is near median its 10-year median of 9.04. The Real Estate industry median Debt-to-EBITDA is 5.56. Polski Holding Nieruchomosci's value of 9.24 is 66.3% above this industry median. Based on the distribution chart, Polski Holding Nieruchomosci ranks #868 out of 1278 companies in the Real Estate industry, which is below the industry midpoint. Overall, Polski Holding Nieruchomosci has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Polski Holding Nieruchomosci's Debt-to-EBITDA compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Polski Holding Nieruchomosci ranks #868 out of 1278 companies for Debt-to-EBITDA. This places Polski Holding Nieruchomosci in the lower half of its industry. The industry median Debt-to-EBITDA is 5.56. Polski Holding Nieruchomosci's value of 9.24 is 66.3% above this benchmark. While the company's 10-year median is 9.04 vs. the industry median of 5.56, Polski Holding Nieruchomosci 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.56, based on 1,278 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. Polski Holding Nieruchomosci's current Debt-to-EBITDA of 9.24 is 66.3% 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 Polski Holding Nieruchomosci. For the Real Estate industry, the median Debt-to-EBITDA is 5.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Polski Holding Nieruchomosci's current Debt-to-EBITDA is 9.24, which is near median its own 10-year median of 9.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Polski Holding Nieruchomosci stock overvalued right now?
Polski Holding Nieruchomosci (FRA:2PN) has a current Debt-to-EBITDA of 9.24. The stock's GF Value™ is €2.79, compared to a current price of €1.99 — trading 28.9% below its estimated fair value. The current Debt-to-EBITDA is 9.24, which is near median its 10-year median of 9.04 and 66.3% above the Real Estate industry median of 5.56. Polski Holding Nieruchomosci's overall GF Score™ is 58/100 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 Polski Holding Nieruchomosci (FRA:2PN), the current Debt-to-EBITDA is 9.24 as of Mar. 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 Polski Holding Nieruchomosci (FRA:2PN) Overvalued in 2026?

Based on GuruFocus' analysis, Polski Holding Nieruchomosci stock appears to be undervalued. The current stock price of €1.99 is trading 28.9% below its estimated GF Value™ of €2.79.

Key valuation signals for FRA:2PN:

  • Debt-to-EBITDA: 9.24 (near median its 10-year median of 9.04)
  • GF Value™: €2.79 vs. price of €1.99 (28.9% below fair value)
  • GF Score™: 58/100 with 7 warning signs
  • Industry Position: 66.3% above the Real Estate median (#868 of 1278)

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


Polski Holding Nieruchomosci Business Description

Other Exchanges PHN:Poland
Address al. Jana Pawla II 12, Warsaw, POL, 00-124
Polski Holding Nieruchomosci SA engages in the development, management, sale of commercial and residential real estate. It offers properties for lease and venues for training, business meetings, and recreational activities. The company operates through Lease, Property Development, and Other Activities segments. Lease segment which contributes majority revenue engages in leasing of office, retail, warehouse and logistics space, residential and other properties. Property Development segment deals with construction and sale of residential premises.
58GF Score

Get the complete analysis for FRA:2PN

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

€1.99
Price
€2.79
GF Value