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 CNO Financial Group's Debt-to-EBITDA or its related term are showing as below:
FRA:COS'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.23 Med: 4.81 Max: 22.46
Current: 5.02
During the past 13 years, the highest Debt-to-EBITDA Ratio of CNO Financial Group was 22.46. The lowest was 3.23. And the median was 4.81.
FRA:COS's Debt-to-EBITDA is ranked worse than 91.61% of 322
companies
in the Insurance industry
Industry Median: 1.185
vs FRA:COS: 5.02
CNO Financial Group (FRA:COS) Debt-to-EBITDA Explanation
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.
CNO Financial Group Debt-to-EBITDA Related Terms
CNO Financial Group Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for CNO Financial 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.
FRA:COS vs BHF, GNW, FG: Debt-to-EBITDA Comparison
For the Insurance - Life subindustry, CNO Financial 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.
CNO Financial Group Debt-to-EBITDA vs Insurance Industry
For the Insurance industry and Financial Services sector, CNO Financial Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where CNO Financial Group'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.
CNO Financial Group (FRA:COS) has a Debt-to-EBITDA of 5.89 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 CNO Financial Group. This is 22% above median its historical median of 4.81. Over the past decade, CNO Financial Group's Debt-to-EBITDA has ranged from 3.23 to 22.46. According to the industry distribution chart, CNO Financial Group ranks #295 out of 322 companies in the Insurance industry, placing it in the top 91.6%.
Is CNO Financial Group's Debt-to-EBITDA too high?
CNO Financial Group's current Debt-to-EBITDA of 5.89 is 22% above median its 10-year median of 4.81. Over the past 10 years, this metric has ranged from a low of 3.23 to a high of 22.46. The Insurance industry median Debt-to-EBITDA is 1.19. CNO Financial Group's value of 5.89 is 397% above this industry median. Based on the distribution chart, CNO Financial Group ranks #295 out of 322 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, CNO Financial Group has a GF Score™ of 68/100, reflecting its overall financial health beyond just this single metric.
How does CNO Financial Group's Debt-to-EBITDA compare to BHF and GNW?
According to the Insurance industry distribution chart, CNO Financial Group ranks #295 out of 322 companies for Debt-to-EBITDA. This places CNO Financial Group in the lower half of its industry. The industry median Debt-to-EBITDA is 1.19. CNO Financial Group's value of 5.89 is 397% above this benchmark. Historically, CNO Financial Group's own Debt-to-EBITDA has ranged from 3.23 to 22.46 over the past decade. While the company's 10-year median is 4.81 vs. the industry median of 1.19, CNO Financial Group 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 Insurance company?
The median Debt-to-EBITDA among Insurance companies is 1.19, based on 322 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. CNO Financial Group's current Debt-to-EBITDA of 5.89 is 397% 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 CNO Financial Group. For the Insurance industry, the median Debt-to-EBITDA is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNO Financial Group's current Debt-to-EBITDA is 5.89, which is 22% above median its own 10-year median of 4.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNO Financial Group stock overvalued right now?
CNO Financial Group (FRA:COS) has a current Debt-to-EBITDA of 5.89. The stock's GF Value™ is €35.19, compared to a current price of €45.80 — trading 30.2% above its estimated fair value. The current Debt-to-EBITDA is 5.89, which is 22% above median its 10-year median of 4.81 and 397% above the Insurance industry median of 1.19. CNO Financial Group's overall GF Score™ is 68/100 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 CNO Financial Group (FRA:COS), the current Debt-to-EBITDA is 5.89 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 CNO Financial Group (FRA:COS) Overvalued in 2026?
Based on GuruFocus' analysis, CNO Financial Group stock appears to be overvalued.
The current stock price of €45.80 is trading 30.2% above its estimated GF Value™ of €35.19.
Key valuation signals for FRA:COS:
Debt-to-EBITDA: 5.89 (22% above median its 10-year median of 4.81)
GF Value™: €35.19 vs. price of €45.80 (30.2% above fair value)
Industry Position: 397% above the Insurance median (#295 of 322)
No single metric tells the full story. See the FRA:COS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNO Financial Group Inc is a holding company for a group of insurance companies that develop, market and administer health insurance, annuity, individual life insurance and other insurance and financial services products. Consumers are served through the phone, online, mail, face-to-face with agents, or sales channels. The company's operating segments include annuity, health, and life insurance product lines as well as the investment and fee revenue segments. Maximum revenue is generated from the health product line segment. Annuity premiums account for the majority of the total premiums collected. Annuity products include fixed index annuities, traditional fixed-rate annuities, and single-premium immediate annuity products.
68GF Score
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