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Elbit SystemsFRA:EB2 -1.64%82 Debt-to-EBITDA is 0.89 as of Mar. 2026, which is 63% below its 10-year median of 2.38. GuruFocus rates FRA:EB2 with a GF Score™ of 82/100 and a GF Value™ of €321.57 (Significantly Overvalued). Among 254 Aerospace & Defense companies, Elbit Systems ranks better than 66.54% 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 Elbit Systems's Debt-to-EBITDA or its related term are showing as below:
FRA:EB2'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.98 Med: 2.38 Max: 3
Current: 1.04
During the past 13 years, the highest Debt-to-EBITDA Ratio of Elbit Systems was 3.00. The lowest was 0.98. And the median was 2.38.
FRA:EB2's Debt-to-EBITDA is ranked better than 66.54% of 254
companies
in the Aerospace & Defense industry
Industry Median: 1.83
vs FRA:EB2: 1.04
Elbit Systems (FRA:EB2) 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.
Elbit Systems Debt-to-EBITDA Related Terms
Elbit Systems Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Elbit 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.
FRA:EB2 vs SPCX, GE, RTX: Debt-to-EBITDA Comparison
For the Aerospace & Defense subindustry, Elbit 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.
Elbit Systems Debt-to-EBITDA vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Elbit Systems's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Elbit Systems'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.
Elbit Systems (FRA:EB2) has a Debt-to-EBITDA of 0.89 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 Elbit Systems. This is 63% below median its historical median of 2.38. Over the past decade, Elbit Systems' Debt-to-EBITDA has ranged from 0.98 to 3.00. According to the industry distribution chart, Elbit Systems ranks #85 out of 254 companies in the Aerospace & Defense industry, placing it in the top 33.5%.
Is Elbit Systems' Debt-to-EBITDA too high?
Elbit Systems' current Debt-to-EBITDA of 0.89 is 63% below median its 10-year median of 2.38. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 3.00. The Aerospace & Defense industry median Debt-to-EBITDA is 1.83. Elbit Systems' value of 0.89 is 51.4% below this industry median. Based on the distribution chart, Elbit Systems ranks #85 out of 254 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Elbit Systems has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Elbit Systems' Debt-to-EBITDA compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Elbit Systems ranks #85 out of 254 companies for Debt-to-EBITDA. This puts Elbit Systems in the upper half of its industry. The industry median Debt-to-EBITDA is 1.83. Elbit Systems' value of 0.89 is 51.4% below this benchmark. Historically, Elbit Systems' own Debt-to-EBITDA has ranged from 0.98 to 3.00 over the past decade. While the company's 10-year median is 2.38 vs. the industry median of 1.83, Elbit Systems 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 an Aerospace & Defense company?
The median Debt-to-EBITDA among Aerospace & Defense companies is 1.83, based on 254 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. Elbit Systems's current Debt-to-EBITDA of 0.89 is 51.4% 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 Elbit Systems. For the Aerospace & Defense industry, the median Debt-to-EBITDA is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Elbit Systems's current Debt-to-EBITDA is 0.89, which is 63% below median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Elbit Systems stock overvalued right now?
Based on GuruFocus' analysis, Elbit Systems (FRA:EB2) is currently considered Significantly Overvalued. The stock's GF Value™ is €321.57, compared to a current price of €630.00 — trading 95.9% above its estimated fair value. The current Debt-to-EBITDA is 0.89, which is 63% below median its 10-year median of 2.38 and 51.4% below the Aerospace & Defense industry median of 1.83. Elbit Systems' overall GF Score™ is 82/100. 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 Elbit Systems (FRA:EB2), the current Debt-to-EBITDA is 0.89 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 Elbit Systems (FRA:EB2) Overvalued in 2026?
Based on GuruFocus' analysis, Elbit Systems stock appears to be overvalued.
The current stock price of €630.00 is trading 95.9% above its estimated GF Value™ of €321.57.
GuruFocus considers Elbit Systems to be Significantly Overvalued.
Key valuation signals for FRA:EB2:
Debt-to-EBITDA: 0.89 (63% below median its 10-year median of 2.38)
GF Value™: €321.57 vs. price of €630.00 (95.9% above fair value)
Industry Position: 51.4% below the Aerospace & Defense median (#85 of 254)
No single metric tells the full story. See the FRA:EB2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Elbit Systems Ltd is a technology company involved in producing a portfolio of systems and products for aircraft, land, and naval applications. The company's products are used for defense, homeland security and commercial flight capabilities. Its systems and solutions may be installed on new platforms or it may perform a comprehensive modernization program to transform a platform. Elbit Systems gives instructions to its customers on the proper maintenance of its products and will provide support team specialists when the customer cannot fix a problem. The company operates in five segments: Aerospace; C4I and Cyber; ISTAR and EW; Land; and ESA. It derives maximum revenue from Land Segment. Geographically, it operates in Israel; North America; Europe; Asia-Pacific; Latin America; and Others.
82GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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