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.
Adtran HoldingsFRA:ATN +5.85%68 Debt-to-EBITDA is 2.77 as of Jun. 2026, which is 739% above its 10-year median of 0.33. GuruFocus rates FRA:ATN with a GF Score™ of 68/100 and a GF Value™ of €7.90 (Fairly Valued). The stock has 6 warning signs investors should review. Among 1,792 Hardware companies, Adtran Holdings ranks worse than 60.21% 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 Adtran Holdings's Debt-to-EBITDA or its related term are showing as below:
FRA:ATN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.79 Med: 0.33 Max: 5308.93
Current: 2.55
During the past 13 years, the highest Debt-to-EBITDA Ratio of Adtran Holdings was 5308.93. The lowest was -3.79. And the median was 0.33.
FRA:ATN's Debt-to-EBITDA is ranked worse than 60.21% of 1792
companies
in the Hardware industry
Industry Median: 1.71
vs FRA:ATN: 2.55
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.
Adtran Holdings Debt-to-EBITDA Related Terms
Adtran Holdings Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Adtran Holdings'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:ATN vs GILT, FEIM, NTGR: Debt-to-EBITDA Comparison
For the Communication Equipment subindustry, Adtran Holdings'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.
Adtran Holdings Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Adtran Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Adtran Holdings'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 (Jun. 2026) EBITDA data.
Adtran Holdings (FRA:ATN) has a Debt-to-EBITDA of 2.77 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 Adtran Holdings. This is 739% above median its historical median of 0.33. According to the industry distribution chart, Adtran Holdings ranks #1079 out of 1792 companies in the Hardware industry, placing it in the top 60.2%.
Is Adtran Holdings' Debt-to-EBITDA too high?
Adtran Holdings' current Debt-to-EBITDA of 2.77 is 739% above median its 10-year median of 0.33. The Hardware industry median Debt-to-EBITDA is 1.71. Adtran Holdings' value of 2.77 is 62% above this industry median. Based on the distribution chart, Adtran Holdings ranks #1079 out of 1792 companies in the Hardware industry, which is below the industry midpoint. Overall, Adtran Holdings has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Adtran Holdings' Debt-to-EBITDA compare to GILT and FEIM?
According to the Hardware industry distribution chart, Adtran Holdings ranks #1079 out of 1792 companies for Debt-to-EBITDA. This places Adtran Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 1.71. Adtran Holdings' value of 2.77 is 62% above this benchmark. While the company's 10-year median is 0.33 vs. the industry median of 1.71, Adtran Holdings 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,792 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. Adtran Holdings's current Debt-to-EBITDA of 2.77 is 62% 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 Adtran Holdings. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Adtran Holdings's current Debt-to-EBITDA is 2.77, which is 739% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Adtran Holdings stock overvalued right now?
Based on GuruFocus' analysis, Adtran Holdings (FRA:ATN) is currently considered Fairly Valued. The stock's GF Value™ is €7.90, compared to a current price of €7.76 — trading 1.7% below its estimated fair value. The current Debt-to-EBITDA is 2.77, which is 739% above median its 10-year median of 0.33 and 62% above the Hardware industry median of 1.71. Adtran Holdings' overall GF Score™ is 68/100 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 Adtran Holdings (FRA:ATN), the current Debt-to-EBITDA is 2.77 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 Adtran Holdings (FRA:ATN) Overvalued in 2026?
Based on GuruFocus' analysis, Adtran Holdings stock appears to be undervalued.
The current stock price of €7.76 is trading 1.7% below its estimated GF Value™ of €7.90.
GuruFocus considers Adtran Holdings to be Fairly Valued.
Key valuation signals for FRA:ATN:
Debt-to-EBITDA: 2.77 (739% above median its 10-year median of 0.33)
GF Value™: €7.90 vs. price of €7.76 (1.7% below fair value)
Industry Position: 62% above the Hardware median (#1079 of 1792)
No single metric tells the full story. See the FRA:ATN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Adtran Holdings Inc is a provider of networking and communications platforms, software, and services focused on the broadband access market. It operates under two reportable segments: Network Solutions segment, which includes hardware and software products that enable a digital future that supports the company's Subscriber, Access & Aggregation, and Optical Networking Solutions; and Services & Support segment, which includes network design, implementation, maintenance and cloud-hosted services supporting the company's Subscriber, Access & Aggregation, and Optical Networking Solutions. It generates the majority of its revenue from the Network Solutions segment.
68GF Score
Get the complete analysis for FRA:ATN
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:ATN has been successfully added to your 
