Amtech Systems (FRA:AS3) Debt-to-EBITDA : 1.54 (As of Jun. 2026) — 166% Above 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:AS3 Amtech Systems Inc FRA:AS3
55 GF Score
Price €13.20
GF Value €3.85
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Amtech Systems Debt-to-EBITDA?

Amtech Systems FRA:AS3 +0.76% 55 Debt-to-EBITDA is 1.54 as of Jun. 2026, which is 166% above its 10-year median of 0.58. GuruFocus rates FRA:AS3 with a GF Score™ of 55/100 and a GF Value™ of €3.85 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 731 Semiconductors companies, Amtech Systems ranks worse than 57.18% on this metric.

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

Amtech Systems's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €1.88 Mil. Amtech Systems's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €13.65 Mil. Amtech Systems's annualized EBITDA for the quarter that ended in Jun. 2026 was €10.06 Mil. Amtech Systems's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 1.54.

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 Amtech Systems's Debt-to-EBITDA or its related term are showing as below:

FRA:AS3' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.48   Med: 0.58   Max: 10.47
Current: 1.99

During the past 13 years, the highest Debt-to-EBITDA Ratio of Amtech Systems was 10.47. The lowest was -4.48. And the median was 0.58.

FRA:AS3's Debt-to-EBITDA is ranked worse than
57.18% of 731 companies
in the Semiconductors industry
Industry Median: 1.47 vs FRA:AS3: 1.99

Amtech Systems  (FRA:AS3) 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.


Amtech Systems Debt-to-EBITDA Related Terms


Amtech Systems Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Amtech Systems'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.

Amtech Systems Debt-to-EBITDA Chart

Amtech Systems Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.71 0.57 -2.30 -4.48 -0.77

Amtech Systems Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.15 1.98 3.64 2.04 1.54

FRA:AS3 vs ATOM, INTT, TRT: Debt-to-EBITDA Comparison

For the Semiconductor Equipment & Materials subindustry, Amtech Systems'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.


Amtech Systems Debt-to-EBITDA vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Amtech Systems's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Amtech Systems's Debt-to-EBITDA falls into.


FRA:AS3
55GF Score
Amtech Systems Inc FRA:AS3
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Amtech Systems Debt-to-EBITDA Calculation

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

Amtech Systems's Debt-to-EBITDA for the fiscal year that ended in Sep. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.729 + 14.896) / -21.491
=-0.77

Amtech Systems's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.877 + 13.653) / 10.056
=1.54

* 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 (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.54 mean?
Amtech Systems (FRA:AS3) has a Debt-to-EBITDA of 1.54 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Amtech Systems. This is 166% above median its historical median of 0.58. According to the industry distribution chart, Amtech Systems ranks #418 out of 731 companies in the Semiconductors industry, placing it in the top 57.2%.
Is Amtech Systems' Debt-to-EBITDA too high?
Amtech Systems' current Debt-to-EBITDA of 1.54 is 166% above median its 10-year median of 0.58. The Semiconductors industry median Debt-to-EBITDA is 1.47. Amtech Systems' value of 1.54 is 4.8% above this industry median. Based on the distribution chart, Amtech Systems ranks #418 out of 731 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Amtech Systems has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Amtech Systems' Debt-to-EBITDA compare to ATOM and INTT?
According to the Semiconductors industry distribution chart, Amtech Systems ranks #418 out of 731 companies for Debt-to-EBITDA. This places Amtech Systems in the lower half of its industry. The industry median Debt-to-EBITDA is 1.47. Amtech Systems' value of 1.54 is 4.8% above this benchmark. While the company's 10-year median is 0.58 vs. the industry median of 1.47, Amtech Systems 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 Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.47, based on 731 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. Amtech Systems's current Debt-to-EBITDA of 1.54 is 4.8% 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 Amtech Systems. For the Semiconductors industry, the median Debt-to-EBITDA is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Amtech Systems's current Debt-to-EBITDA is 1.54, which is 166% above median its own 10-year median of 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Amtech Systems stock overvalued right now?
Based on GuruFocus' analysis, Amtech Systems (FRA:AS3) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.85, compared to a current price of €13.20 — trading 242.9% above its estimated fair value. The current Debt-to-EBITDA is 1.54, which is 166% above median its 10-year median of 0.58 and 4.8% above the Semiconductors industry median of 1.47. Amtech Systems' overall GF Score™ is 55/100 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 Amtech Systems (FRA:AS3), the current Debt-to-EBITDA is 1.54 as of Jun. 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 Amtech Systems (FRA:AS3) Overvalued in 2026?

Based on GuruFocus' analysis, Amtech Systems stock appears to be overvalued. The current stock price of €13.20 is trading 242.9% above its estimated GF Value™ of €3.85. GuruFocus considers Amtech Systems to be Significantly Overvalued.

Key valuation signals for FRA:AS3:

  • Debt-to-EBITDA: 1.54 (166% above median its 10-year median of 0.58)
  • GF Value™: €3.85 vs. price of €13.20 (242.9% above fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 4.8% above the Semiconductors median (#418 of 731)

No single metric tells the full story. See the FRA:AS3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Amtech Systems Business Description

Other Exchanges ASYS:USA
Address 58 South River Drive, Suite 370, Tempe, AZ, USA, 85288
Amtech Systems Inc provides equipment, consumables and services for semiconductor device packaging, wafer production and device fabrication. Its products are used to fabricate and package GPUs for AI applications, SiC and Si power devices, and other optical, analog and digital devices, and are sold to semiconductor packaging, electronic assembly and device fabrication companies. It operates through two segments: Thermal Processing Solutions, which includes conveyorized reflow equipment, high-temperature conveyorized furnaces and diffusion furnaces with maximum revenue; and Semiconductor Fabrication Solutions, which includes consumables, equipment and services for wafer polishing, dicing and cleaning. The majority of revenue is derived from the United States.
55GF Score

Get the complete analysis for FRA:AS3

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

€13.20
Price
€3.85
GF Value