Paradox Interactive AB (FRA:ETA) Debt-to-EBITDA : 0.16 (As of Mar. 2026) — 33% Above Median

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FRA:ETA Paradox Interactive AB FRA:ETA
80 GF Score
Price €11.59
GF Value €15.95
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Paradox Interactive AB Debt-to-EBITDA?

Paradox Interactive AB FRA:ETA -1.45% 80 Debt-to-EBITDA is 0.16 as of Mar. 2026, which is 33% above its 10-year median of 0.12. GuruFocus rates FRA:ETA with a GF Score™ of 80/100 and a GF Value™ of €15.95 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 305 Interactive Media companies, Paradox Interactive AB ranks better than 75.74% on this metric.

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

Paradox Interactive AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €2.3 Mil. Paradox Interactive AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €12.1 Mil. Paradox Interactive AB's annualized EBITDA for the quarter that ended in Mar. 2026 was €90.4 Mil. Paradox Interactive AB's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 0.16.

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 Paradox Interactive AB's Debt-to-EBITDA or its related term are showing as below:

FRA:ETA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.04   Med: 0.12   Max: 0.34
Current: 0.12

During the past 12 years, the highest Debt-to-EBITDA Ratio of Paradox Interactive AB was 0.34. The lowest was 0.04. And the median was 0.12.

FRA:ETA's Debt-to-EBITDA is ranked better than
75.74% of 305 companies
in the Interactive Media industry
Industry Median: 0.67 vs FRA:ETA: 0.12

Paradox Interactive AB  (FRA:ETA) 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.


Paradox Interactive AB Debt-to-EBITDA Related Terms


Paradox Interactive AB Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Paradox Interactive AB'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.

Paradox Interactive AB Debt-to-EBITDA Chart

Paradox Interactive AB Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.19 0.10 0.06 0.04 0.12

Paradox Interactive AB Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.05 0.05 0.21 0.06 0.16

FRA:ETA vs NTES, EA, TTWO: Debt-to-EBITDA Comparison

For the Electronic Gaming & Multimedia subindustry, Paradox Interactive AB'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.


Paradox Interactive AB Debt-to-EBITDA vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Paradox Interactive AB's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Paradox Interactive AB's Debt-to-EBITDA falls into.


FRA:ETA
80GF Score
Paradox Interactive AB FRA:ETA
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Paradox Interactive AB Debt-to-EBITDA Calculation

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

Paradox Interactive AB's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2.558 + 12.626) / 123.985
=0.12

Paradox Interactive AB's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2.323 + 12.117) / 90.42
=0.16

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.16 mean?
Paradox Interactive AB (FRA:ETA) has a Debt-to-EBITDA of 0.16 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 Paradox Interactive AB. This is 33% above median its historical median of 0.12. Over the past decade, Paradox Interactive AB's Debt-to-EBITDA has ranged from 0.04 to 0.34. According to the industry distribution chart, Paradox Interactive AB ranks #74 out of 305 companies in the Interactive Media industry, placing it in the top 24.3%.
Is Paradox Interactive AB's Debt-to-EBITDA too high?
Paradox Interactive AB's current Debt-to-EBITDA of 0.16 is 33% above median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 0.34. The Interactive Media industry median Debt-to-EBITDA is 0.67. Paradox Interactive AB's value of 0.16 is 76.1% below this industry median. Based on the distribution chart, Paradox Interactive AB ranks #74 out of 305 companies in the Interactive Media industry, which is in the top quartile — a strong position relative to peers. Overall, Paradox Interactive AB has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Paradox Interactive AB's Debt-to-EBITDA compare to NTES and EA?
According to the Interactive Media industry distribution chart, Paradox Interactive AB ranks #74 out of 305 companies for Debt-to-EBITDA. This places Paradox Interactive AB in the top 24% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 0.67. Paradox Interactive AB's value of 0.16 is 76.1% below this benchmark. Historically, Paradox Interactive AB's own Debt-to-EBITDA has ranged from 0.04 to 0.34 over the past decade. While the company's 10-year median is 0.12 vs. the industry median of 0.67, Paradox Interactive AB 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 Interactive Media company?
The median Debt-to-EBITDA among Interactive Media companies is 0.67, based on 305 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. Paradox Interactive AB's current Debt-to-EBITDA of 0.16 is 76.1% 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 Paradox Interactive AB. For the Interactive Media industry, the median Debt-to-EBITDA is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Paradox Interactive AB's current Debt-to-EBITDA is 0.16, which is 33% above median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Paradox Interactive AB stock overvalued right now?
Based on GuruFocus' analysis, Paradox Interactive AB (FRA:ETA) is currently considered Modestly Undervalued. The stock's GF Value™ is €15.95, compared to a current price of €11.59 — trading 27.3% below its estimated fair value. The current Debt-to-EBITDA is 0.16, which is 33% above median its 10-year median of 0.12 and 76.1% below the Interactive Media industry median of 0.67. Paradox Interactive AB's overall GF Score™ is 80/100 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 Paradox Interactive AB (FRA:ETA), the current Debt-to-EBITDA is 0.16 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 Paradox Interactive AB (FRA:ETA) Overvalued in 2026?

Based on GuruFocus' analysis, Paradox Interactive AB stock appears to be undervalued. The current stock price of €11.59 is trading 27.3% below its estimated GF Value™ of €15.95. GuruFocus considers Paradox Interactive AB to be Modestly Undervalued.

Key valuation signals for FRA:ETA:

  • Debt-to-EBITDA: 0.16 (33% above median its 10-year median of 0.12)
  • GF Value™: €15.95 vs. price of €11.59 (27.3% below fair value)
  • GF Score™: 80/100 with 5 warning signs
  • Industry Position: 76.1% below the Interactive Media median (#74 of 305)

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


Paradox Interactive AB Business Description

Address Magnus Ladulasgatan 4, Stockholm, SWE, 118 66
Paradox Interactive AB is a Swedish company. It is engaged in the development and publishing of PC-based games. The company's product portfolio includes franchise brands such as Stellaris, Europa Universalis, Hearts of Iron, Crusader Kings, Cities, Skylines, Tyranny and Magicka. Paradox is also involved in the publishing and internal development of games and licensing of White Wolf's brands. The company distributes its games through the digital platform Steam as well as on Apple, Google Play, and Sony stores. It operates its business across the world. The majority of the company's revenue comes from the United States, while it also has its presence in Sweden, Rest of Europe and Rest of the World.
80GF Score

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

€11.59
Price
€15.95
GF Value