Art's-Way Manufacturing Co (FRA:ID2) Debt-to-EBITDA : 2.96 (As of May. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

FRA:ID2 Art's-Way Manufacturing Co Inc FRA:ID2
55 GF Score
Price €2.56
GF Value €1.57
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is Art's-Way Manufacturing Co Debt-to-EBITDA?

Art's-Way Manufacturing Co FRA:ID2 -2.29% 55 Debt-to-EBITDA is 2.96 as of May. 2026, which is 4% above its 10-year median of 2.85. GuruFocus rates FRA:ID2 with a GF Score™ of 55/100 and a GF Value™ of €1.57 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 175 Farm & Heavy Construction Machinery companies, Art's-Way Manufacturing Co ranks worse than 80.57% on this metric.

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

Art's-Way Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was €3.39 Mil. Art's-Way Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was €2.13 Mil. Art's-Way Manufacturing Co's annualized EBITDA for the quarter that ended in May. 2026 was €1.86 Mil. Art's-Way Manufacturing Co's annualized Debt-to-EBITDA for the quarter that ended in May. 2026 was 2.96.

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 Art's-Way Manufacturing Co's Debt-to-EBITDA or its related term are showing as below:

FRA:ID2' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -12.32   Med: 2.85   Max: 16.28
Current: 4.84

During the past 13 years, the highest Debt-to-EBITDA Ratio of Art's-Way Manufacturing Co was 16.28. The lowest was -12.32. And the median was 2.85.

FRA:ID2's Debt-to-EBITDA is ranked worse than
80.57% of 175 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.69 vs FRA:ID2: 4.84

Art's-Way Manufacturing Co  (FRA:ID2) 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.


Art's-Way Manufacturing Co Debt-to-EBITDA Related Terms


Art's-Way Manufacturing Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Art's-Way Manufacturing Co'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.

Art's-Way Manufacturing Co Debt-to-EBITDA Chart

Art's-Way Manufacturing Co Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.89 4.92 3.28 3.29 2.41

Art's-Way Manufacturing Co Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 0.43 2.23 -4.17 2.84 2.96

FRA:ID2 vs GP, CLEV, HCAI: Debt-to-EBITDA Comparison

For the Farm & Heavy Construction Machinery subindustry, Art's-Way Manufacturing Co'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.


Art's-Way Manufacturing Co Debt-to-EBITDA vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Art's-Way Manufacturing Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Art's-Way Manufacturing Co's Debt-to-EBITDA falls into.


FRA:ID2
55GF Score
Art's-Way Manufacturing Co Inc FRA:ID2
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Art's-Way Manufacturing Co Debt-to-EBITDA Calculation

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

Art's-Way Manufacturing Co's Debt-to-EBITDA for the fiscal year that ended in Nov. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3.178 + 2.364) / 2.298
=2.41

Art's-Way Manufacturing Co's annualized Debt-to-EBITDA for the quarter that ended in May. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(3.386 + 2.126) / 1.864
=2.96

* 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 (May. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.96 mean?
Art's-Way Manufacturing Co (FRA:ID2) has a Debt-to-EBITDA of 2.96 as of May. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Art's-Way Manufacturing Co. This is near median its historical median of 2.85. According to the industry distribution chart, Art's-Way Manufacturing Co ranks #141 out of 175 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 80.6%.
Is Art's-Way Manufacturing Co's Debt-to-EBITDA too high?
Art's-Way Manufacturing Co's current Debt-to-EBITDA of 2.96 is near median its 10-year median of 2.85. The Farm & Heavy Construction Machinery industry median Debt-to-EBITDA is 1.69. Art's-Way Manufacturing Co's value of 2.96 is 75.1% above this industry median. Based on the distribution chart, Art's-Way Manufacturing Co ranks #141 out of 175 companies in the Farm & Heavy Construction Machinery industry, which is in the bottom quartile relative to peers. Overall, Art's-Way Manufacturing Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Art's-Way Manufacturing Co's Debt-to-EBITDA compare to GP and CLEV?
According to the Farm & Heavy Construction Machinery industry distribution chart, Art's-Way Manufacturing Co ranks #141 out of 175 companies for Debt-to-EBITDA. This places Art's-Way Manufacturing Co in the lower half of its industry. The industry median Debt-to-EBITDA is 1.69. Art's-Way Manufacturing Co's value of 2.96 is 75.1% above this benchmark. While the company's 10-year median is 2.85 vs. the industry median of 1.69, Art's-Way Manufacturing Co 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 Farm & Heavy Construction Machinery company?
The median Debt-to-EBITDA among Farm & Heavy Construction Machinery companies is 1.69, based on 175 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. Art's-Way Manufacturing Co's current Debt-to-EBITDA of 2.96 is 75.1% 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 Art's-Way Manufacturing Co. For the Farm & Heavy Construction Machinery industry, the median Debt-to-EBITDA is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Art's-Way Manufacturing Co's current Debt-to-EBITDA is 2.96, which is near median its own 10-year median of 2.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Art's-Way Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Art's-Way Manufacturing Co (FRA:ID2) is currently considered Significantly Overvalued. The stock's GF Value™ is €1.57, compared to a current price of €2.56 — trading 63.1% above its estimated fair value. The current Debt-to-EBITDA is 2.96, which is near median its 10-year median of 2.85 and 75.1% above the Farm & Heavy Construction Machinery industry median of 1.69. Art's-Way Manufacturing Co's overall GF Score™ is 55/100 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 Art's-Way Manufacturing Co (FRA:ID2), the current Debt-to-EBITDA is 2.96 as of May. 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 Art's-Way Manufacturing Co (FRA:ID2) Overvalued in 2026?

Based on GuruFocus' analysis, Art's-Way Manufacturing Co stock appears to be overvalued. The current stock price of €2.56 is trading 63.1% above its estimated GF Value™ of €1.57. GuruFocus considers Art's-Way Manufacturing Co to be Significantly Overvalued.

Key valuation signals for FRA:ID2:

  • Debt-to-EBITDA: 2.96 (near median its 10-year median of 2.85)
  • GF Value™: €1.57 vs. price of €2.56 (63.1% above fair value)
  • GF Score™: 55/100 with 5 warning signs
  • Industry Position: 75.1% above the Farm & Heavy Construction Machinery median (#141 of 175)

No single metric tells the full story. See the FRA:ID2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Art's-Way Manufacturing Co Business Description

Other Exchanges ARTW:USA
Address 5556 Highway 9, P.O. Box 288, Armstrong, IA, USA, 50514
Art's-Way Manufacturing Co Inc is a manufacturer of agricultural equipment. It has two reportable segments: Agricultural Products and Modular Buildings. The Agricultural Products segment fabricates and sells farming products as well as related equipment and replacement parts for these products in the United States and world wide. Its Modular Buildings segment manufactures and installs modular buildings for animal containment and various laboratory uses. It derives revenues from the Agricultural Products segment.
55GF Score

Get the complete analysis for FRA:ID2

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

€2.56
Price
€1.57
GF Value