Next 15 Group (FRA:8LS) Debt-to-EBITDA : -93.76 (As of Jan. 2026)

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:8LS Next 15 Group PLC FRA:8LS
72 GF Score
Price €3.14
GF Value €4.07
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Next 15 Group Debt-to-EBITDA?

Next 15 Group FRA:8LS +1.95% 72 Debt-to-EBITDA is -93.76 as of Jan. 2026. GuruFocus rates FRA:8LS with a GF Score™ of 72/100 and a GF Value™ of €4.07 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 677 Media - Diversified companies, Next 15 Group ranks worse than 84.05% on this metric.

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

Next 15 Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was €85.5 Mil. Next 15 Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was €73.8 Mil. Next 15 Group's annualized EBITDA for the quarter that ended in Jan. 2026 was €-1.7 Mil. Next 15 Group's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2026 was -93.76.

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 Next 15 Group's Debt-to-EBITDA or its related term are showing as below:

FRA:8LS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.33   Med: 1.6   Max: 7.42
Current: 7.42

During the past 13 years, the highest Debt-to-EBITDA Ratio of Next 15 Group was 7.42. The lowest was -1.33. And the median was 1.60.

FRA:8LS's Debt-to-EBITDA is ranked worse than
84.05% of 677 companies
in the Media - Diversified industry
Industry Median: 1.66 vs FRA:8LS: 7.42

Next 15 Group  (FRA:8LS) 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.


Next 15 Group Debt-to-EBITDA Related Terms


Next 15 Group Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Next 15 Group'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.

Next 15 Group Debt-to-EBITDA Chart

Next 15 Group Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.33 0.86 1.01 2.04 7.42

Next 15 Group Semi-Annual Data
Jul16 Jan17 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 0.96 1.23 3.81 3.62 -93.76

FRA:8LS vs APP, OMC, TTD: Debt-to-EBITDA Comparison

For the Advertising Agencies subindustry, Next 15 Group'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.


Next 15 Group Debt-to-EBITDA vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Next 15 Group's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Next 15 Group's Debt-to-EBITDA falls into.


FRA:8LS
72GF Score
Next 15 Group PLC FRA:8LS
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Next 15 Group Debt-to-EBITDA Calculation

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

Next 15 Group's Debt-to-EBITDA for the fiscal year 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
=(85.452 + 73.751) / 21.457
=7.42

Next 15 Group'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
=(85.452 + 73.751) / -1.698
=-93.76

* 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 -93.76 mean?
Next 15 Group (FRA:8LS) has a Debt-to-EBITDA of -93.76 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 Next 15 Group. According to the industry distribution chart, Next 15 Group ranks #569 out of 677 companies in the Media - Diversified industry, placing it in the top 84%.
Is Next 15 Group's Debt-to-EBITDA too high?
Next 15 Group's current Debt-to-EBITDA is -93.76. Based on the distribution chart, Next 15 Group ranks #569 out of 677 companies in the Media - Diversified industry, which is in the bottom quartile relative to peers. Overall, Next 15 Group has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Next 15 Group's Debt-to-EBITDA compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Next 15 Group ranks #569 out of 677 companies for Debt-to-EBITDA. This places Next 15 Group in the lower half of its industry. The industry median Debt-to-EBITDA is 1.66. 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 Media - Diversified company?
The median Debt-to-EBITDA among Media - Diversified companies is 1.66, based on 677 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. 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 Next 15 Group. For the Media - Diversified industry, the median Debt-to-EBITDA is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next 15 Group's current Debt-to-EBITDA is -93.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next 15 Group stock overvalued right now?
Based on GuruFocus' analysis, Next 15 Group (FRA:8LS) is currently considered Modestly Undervalued. The stock's GF Value™ is €4.07, compared to a current price of €3.14 — trading 22.9% below its estimated fair value. The current Debt-to-EBITDA is -93.76. Next 15 Group's overall GF Score™ is 72/100 with 6 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 Next 15 Group (FRA:8LS), the current Debt-to-EBITDA is -93.76 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 Next 15 Group (FRA:8LS) Overvalued in 2026?

Based on GuruFocus' analysis, Next 15 Group stock appears to be undervalued. The current stock price of €3.14 is trading 22.9% below its estimated GF Value™ of €4.07. GuruFocus considers Next 15 Group to be Modestly Undervalued.

Key valuation signals for FRA:8LS:

  • Debt-to-EBITDA: -93.76
  • GF Value™: €4.07 vs. price of €3.14 (22.9% below fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the FRA:8LS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Next 15 Group Business Description

Other Exchanges NXFTY:USANFGl:UKNFG:UK
Address 60 Great Portland Street, London, GBR, W1W 7RT
Next 15 Group PLC is a digital marketing company in the United Kingdom. The company segments include Retail Media; Data & Research; Digital Transformation, Marketing & Communications, and Creative Services . It generates maximum of its revenue from the Marketing & Communications segment.
72GF Score

Get the complete analysis for FRA:8LS

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

€3.14
Price
€4.07
GF Value