Merus Power Oyj (FRA:99H) Debt-to-EBITDA : 2.61 (As of Dec. 2025) — 37% Below Median

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FRA:99H Merus Power Oyj FRA:99H
75 GF Score
Price €4.96
GF Value €9.09
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Merus Power Oyj Debt-to-EBITDA?

Merus Power Oyj FRA:99H +2.27% 75 Debt-to-EBITDA is 2.61 as of Dec. 2025, which is 37% below its 10-year median of 4.12. GuruFocus rates FRA:99H with a GF Score™ of 75/100 and a GF Value™ of €9.09 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 2,348 Industrial Products companies, Merus Power Oyj ranks worse than 75.77% on this metric.

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

Merus Power Oyj's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €2.38 Mil. Merus Power Oyj's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €5.53 Mil. Merus Power Oyj's annualized EBITDA for the quarter that ended in Dec. 2025 was €3.03 Mil. Merus Power Oyj's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 2.61.

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

FRA:99H' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.53   Med: 4.12   Max: 83.54
Current: 4.24

During the past 8 years, the highest Debt-to-EBITDA Ratio of Merus Power Oyj was 83.54. The lowest was -2.53. And the median was 4.12.

FRA:99H's Debt-to-EBITDA is ranked worse than
75.77% of 2348 companies
in the Industrial Products industry
Industry Median: 1.68 vs FRA:99H: 4.24

Merus Power Oyj  (FRA:99H) 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.


Merus Power Oyj Debt-to-EBITDA Related Terms


Merus Power Oyj Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Merus Power 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.

Merus Power Oyj Debt-to-EBITDA Chart

Merus Power Oyj Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 3.64 7.13 18.26 -2.53 4.25

Merus Power Oyj Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3.39 -0.47 0.33 5.78 2.61

FRA:99H vs GEV, ETN, PH: Debt-to-EBITDA Comparison

For the Specialty Industrial Machinery subindustry, Merus Power 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.


Merus Power Oyj Debt-to-EBITDA vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Merus Power Oyj's Debt-to-EBITDA distribution charts can be found below:

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


FRA:99H
75GF Score
Merus Power Oyj FRA:99H
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Merus Power Oyj Debt-to-EBITDA Calculation

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

Merus Power 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
=(2.383 + 5.525) / 1.863
=4.24

Merus Power Oyj's annualized Debt-to-EBITDA for the quarter 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
=(2.383 + 5.525) / 3.032
=2.61

* 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 (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.61 mean?
Merus Power Oyj (FRA:99H) has a Debt-to-EBITDA of 2.61 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Merus Power Oyj. This is 37% below median its historical median of 4.12. According to the industry distribution chart, Merus Power Oyj ranks #1779 out of 2348 companies in the Industrial Products industry, placing it in the top 75.8%.
Is Merus Power Oyj's Debt-to-EBITDA too high?
Merus Power Oyj's current Debt-to-EBITDA of 2.61 is 37% below median its 10-year median of 4.12. The Industrial Products industry median Debt-to-EBITDA is 1.68. Merus Power Oyj's value of 2.61 is 55.4% above this industry median. Based on the distribution chart, Merus Power Oyj ranks #1779 out of 2348 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Merus Power Oyj has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Merus Power Oyj's Debt-to-EBITDA compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Merus Power Oyj ranks #1779 out of 2348 companies for Debt-to-EBITDA. This places Merus Power Oyj in the lower half of its industry. The industry median Debt-to-EBITDA is 1.68. Merus Power Oyj's value of 2.61 is 55.4% above this benchmark. While the company's 10-year median is 4.12 vs. the industry median of 1.68, Merus Power Oyj 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 Industrial Products company?
The median Debt-to-EBITDA among Industrial Products companies is 1.68, based on 2,348 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. Merus Power Oyj's current Debt-to-EBITDA of 2.61 is 55.4% 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 Merus Power Oyj. For the Industrial Products industry, the median Debt-to-EBITDA is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Merus Power Oyj's current Debt-to-EBITDA is 2.61, which is 37% below median its own 10-year median of 4.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merus Power Oyj stock overvalued right now?
Based on GuruFocus' analysis, Merus Power Oyj (FRA:99H) is currently considered Significantly Undervalued. The stock's GF Value™ is €9.09, compared to a current price of €4.96 — trading 45.4% below its estimated fair value. The current Debt-to-EBITDA is 2.61, which is 37% below median its 10-year median of 4.12 and 55.4% above the Industrial Products industry median of 1.68. Merus Power Oyj's overall GF Score™ is 75/100 with 5 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 Merus Power Oyj (FRA:99H), the current Debt-to-EBITDA is 2.61 as of Dec. 2025. 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 Merus Power Oyj (FRA:99H) Overvalued in 2026?

Based on GuruFocus' analysis, Merus Power Oyj stock appears to be undervalued. The current stock price of €4.96 is trading 45.4% below its estimated GF Value™ of €9.09. GuruFocus considers Merus Power Oyj to be Significantly Undervalued.

Key valuation signals for FRA:99H:

  • Debt-to-EBITDA: 2.61 (37% below median its 10-year median of 4.12)
  • GF Value™: €9.09 vs. price of €4.96 (45.4% below fair value)
  • GF Score™: 75/100 with 5 warning signs
  • Industry Position: 55.4% above the Industrial Products median (#1779 of 2348)

No single metric tells the full story. See the FRA:99H stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Merus Power Oyj Business Description

Other Exchanges MERUS:Finland
Address Pallotie 2, Ylojarvi, FIN, 33470
Merus Power Oyj Is engaged in the design, manufacturing and sale of domestic electricity storage, power quality solutions and services. Its business is based on scalable and modular power electronics, intelligent software technologies and electrical engineering expertise. The Company's business operations have been divided into two technological areas: Energy storage solutions and Energy quality solutions.
75GF Score

Get the complete analysis for FRA:99H

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

€4.96
Price
€9.09
GF Value