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.
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.
XTBFRA:9PR +1.02%95 Debt-to-EBITDA is 0.01 as of Mar. 2026, which is 67% below its 10-year median of 0.03. GuruFocus rates FRA:9PR with a GF Score™ of 95/100 and a GF Value™ of €23.99 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 422 Capital Markets companies, XTB ranks better than 97.39% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 XTB's Debt-to-EBITDA or its related term are showing as below:
FRA:9PR'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0 Med: 0.03 Max: 0.14
Current: 0.02
During the past 11 years, the highest Debt-to-EBITDA Ratio of XTB was 0.14. The lowest was 0.00. And the median was 0.03.
FRA:9PR's Debt-to-EBITDA is ranked better than 97.39% of 422
companies
in the Capital Markets industry
Industry Median: 1.6
vs FRA:9PR: 0.02
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.
XTB Debt-to-EBITDA Related Terms
XTB Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for XTB'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.
FRA:9PR vs MS, GS, SCHW: Debt-to-EBITDA Comparison
For the Capital Markets subindustry, XTB'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.
XTB Debt-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, XTB's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where XTB's Debt-to-EBITDA falls into.
* 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.
XTB (FRA:9PR) has a Debt-to-EBITDA of 0.01 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 XTB. This is 67% below median its historical median of 0.03. According to the industry distribution chart, XTB ranks #11 out of 422 companies in the Capital Markets industry, placing it in the top 2.6%.
Is XTB's Debt-to-EBITDA too high?
XTB's current Debt-to-EBITDA of 0.01 is 67% below median its 10-year median of 0.03. The Capital Markets industry median Debt-to-EBITDA is 1.60. XTB's value of 0.01 is 99.4% below this industry median. Based on the distribution chart, XTB ranks #11 out of 422 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, XTB has a GF Score™ of 95/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does XTB's Debt-to-EBITDA compare to MS and GS?
According to the Capital Markets industry distribution chart, XTB ranks #11 out of 422 companies for Debt-to-EBITDA. This places XTB in the top 3% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.60. XTB's value of 0.01 is 99.4% below this benchmark. While the company's 10-year median is 0.03 vs. the industry median of 1.60, XTB 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 Capital Markets company?
The median Debt-to-EBITDA among Capital Markets companies is 1.60, based on 422 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. XTB's current Debt-to-EBITDA of 0.01 is 99.4% 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 XTB. For the Capital Markets industry, the median Debt-to-EBITDA is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XTB's current Debt-to-EBITDA is 0.01, which is 67% below median its own 10-year median of 0.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XTB stock overvalued right now?
Based on GuruFocus' analysis, XTB (FRA:9PR) is currently considered Modestly Overvalued. The stock's GF Value™ is €23.99, compared to a current price of €30.56 — trading 27.4% above its estimated fair value. The current Debt-to-EBITDA is 0.01, which is 67% below median its 10-year median of 0.03 and 99.4% below the Capital Markets industry median of 1.60. XTB's overall GF Score™ is 95/100 with 8 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 XTB (FRA:9PR), the current Debt-to-EBITDA is 0.01 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 XTB (FRA:9PR) Overvalued in 2026?
Based on GuruFocus' analysis, XTB stock appears to be overvalued.
The current stock price of €30.56 is trading 27.4% above its estimated GF Value™ of €23.99.
GuruFocus considers XTB to be Modestly Overvalued.
Key valuation signals for FRA:9PR:
Debt-to-EBITDA: 0.01 (67% below median its 10-year median of 0.03)
GF Value™: €23.99 vs. price of €30.56 (27.4% above fair value)
Industry Position: 99.4% below the Capital Markets median (#11 of 422)
No single metric tells the full story. See the FRA:9PR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
XTB SA is engaged in brokerage activities business. It is a Polish broker from the fin-tech sector, providing products and services dedicated to active investing, saving, and virtual payment management. The group conducts its operations through two business segments; the Retail segment includes the provision of trading in financial instruments for individual customers; the Institutional segment includes the provision of trading in financial instruments and offering trade infrastructure to entities (institutions), which in turn provide services of trading in financial instruments for their customers under their brand. It derives a majority of its revenue from the Retail segment.
95GF Score
Get the complete analysis for FRA:9PR
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:9PR has been successfully added to your 
