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Aviat NetworksFRA:HSD1 -1.12%70 Debt-to-EBITDA is 27.66 as of Mar. 2026, which is 2149% above its 10-year median of 1.23. GuruFocus rates FRA:HSD1 with a GF Score™ of 70/100 and a GF Value™ of €20.32 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 1,791 Hardware companies, Aviat Networks ranks worse than 67.84% 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 Aviat Networks's Debt-to-EBITDA or its related term are showing as below:
FRA:HSD1'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.41 Med: 1.23 Max: 5.14
Current: 3.32
During the past 13 years, the highest Debt-to-EBITDA Ratio of Aviat Networks was 5.14. The lowest was -0.41. And the median was 1.23.
FRA:HSD1's Debt-to-EBITDA is ranked worse than 67.84% of 1791
companies
in the Hardware industry
Industry Median: 1.7
vs FRA:HSD1: 3.32
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.
Aviat Networks Debt-to-EBITDA Related Terms
Aviat Networks Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Aviat Networks'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:HSD1 vs LTRX, BKTI, SILC: Debt-to-EBITDA Comparison
For the Communication Equipment subindustry, Aviat Networks'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.
Aviat Networks Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Aviat Networks's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Aviat Networks'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.
Aviat Networks (FRA:HSD1) has a Debt-to-EBITDA of 27.66 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 Aviat Networks. This is 2149% above median its historical median of 1.23. According to the industry distribution chart, Aviat Networks ranks #1215 out of 1791 companies in the Hardware industry, placing it in the top 67.8%.
Is Aviat Networks' Debt-to-EBITDA too high?
Aviat Networks' current Debt-to-EBITDA of 27.66 is 2149% above median its 10-year median of 1.23. The Hardware industry median Debt-to-EBITDA is 1.70. Aviat Networks' value of 27.66 is 1527.1% above this industry median. Based on the distribution chart, Aviat Networks ranks #1215 out of 1791 companies in the Hardware industry, which is below the industry midpoint. Overall, Aviat Networks has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Aviat Networks' Debt-to-EBITDA compare to LTRX and BKTI?
According to the Hardware industry distribution chart, Aviat Networks ranks #1215 out of 1791 companies for Debt-to-EBITDA. This places Aviat Networks in the lower half of its industry. The industry median Debt-to-EBITDA is 1.70. Aviat Networks' value of 27.66 is 1527.1% above this benchmark. While the company's 10-year median is 1.23 vs. the industry median of 1.70, Aviat Networks 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 1.70, based on 1,791 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. Aviat Networks's current Debt-to-EBITDA of 27.66 is 1527.1% 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 Aviat Networks. For the Hardware industry, the median Debt-to-EBITDA is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aviat Networks's current Debt-to-EBITDA is 27.66, which is 2149% above median its own 10-year median of 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aviat Networks stock overvalued right now?
Based on GuruFocus' analysis, Aviat Networks (FRA:HSD1) is currently considered Modestly Undervalued. The stock's GF Value™ is €20.32, compared to a current price of €17.70 — trading 12.9% below its estimated fair value. The current Debt-to-EBITDA is 27.66, which is 2149% above median its 10-year median of 1.23 and 1527.1% above the Hardware industry median of 1.70. Aviat Networks' overall GF Score™ is 70/100 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 Aviat Networks (FRA:HSD1), the current Debt-to-EBITDA is 27.66 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 Aviat Networks (FRA:HSD1) Overvalued in 2026?
Based on GuruFocus' analysis, Aviat Networks stock appears to be undervalued.
The current stock price of €17.70 is trading 12.9% below its estimated GF Value™ of €20.32.
GuruFocus considers Aviat Networks to be Modestly Undervalued.
Key valuation signals for FRA:HSD1:
Debt-to-EBITDA: 27.66 (2149% above median its 10-year median of 1.23)
GF Value™: €20.32 vs. price of €17.70 (12.9% below fair value)
Industry Position: 1527.1% above the Hardware median (#1215 of 1791)
No single metric tells the full story. See the FRA:HSD1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Aviat Networks Inc provides wireless transport and access networking solutions designed to support telecommunications operators and private network providers situated in various countries. The company offers a range of microwave and millimeter wave radios, network management tools, and services that enable high-capacity, secure, and reliable data transport over wireless networks. Its products serve diverse clients including mobile operators, public safety organizations, utilities, government agencies, and enterprise customers. Aviat generates revenue from the sale of its networking equipment, professional services, and ongoing support contracts. Its operations cover various regions including the Americas, Europe, Asia Pacific, the Middle East, and Africa.
70GF 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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