Eurohold Bulgaria AD (FRA:KZ4) Debt-to-EBITDA : 3.90 (As of Mar. 2026) — 35% Below Median

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FRA:KZ4 Eurohold Bulgaria AD FRA:KZ4
53 GF Score
Price €1.19
GF Value €1.78
! 4 Warning Signs
View Full Analysis

What is Eurohold Bulgaria AD Debt-to-EBITDA?

Eurohold Bulgaria AD FRA:KZ4 53 Debt-to-EBITDA is 3.90 as of Mar. 2026, which is 35% below its 10-year median of 5.98. GuruFocus rates FRA:KZ4 with a GF Score™ of 53/100 and a GF Value™ of €1.78. The stock has 4 warning signs investors should review. Among 451 Utilities - Regulated companies, Eurohold Bulgaria AD ranks worse than 52.77% on this metric.

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

Eurohold Bulgaria AD's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €136 Mil. Eurohold Bulgaria AD's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €718 Mil. Eurohold Bulgaria AD's annualized EBITDA for the quarter that ended in Mar. 2026 was €219 Mil. Eurohold Bulgaria AD's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.90.

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 Eurohold Bulgaria AD's Debt-to-EBITDA or its related term are showing as below:

FRA:KZ4' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -17.96   Med: 5.98   Max: 12.4
Current: 4.25

During the past 13 years, the highest Debt-to-EBITDA Ratio of Eurohold Bulgaria AD was 12.40. The lowest was -17.96. And the median was 5.98.

FRA:KZ4's Debt-to-EBITDA is ranked worse than
52.77% of 451 companies
in the Utilities - Regulated industry
Industry Median: 4.05 vs FRA:KZ4: 4.25

Eurohold Bulgaria AD  (FRA:KZ4) 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.


Eurohold Bulgaria AD Debt-to-EBITDA Related Terms


Eurohold Bulgaria AD Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Eurohold Bulgaria AD'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.

Eurohold Bulgaria AD Debt-to-EBITDA Chart

Eurohold Bulgaria AD 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 12.40 5.98 6.48 4.94 4.15

Eurohold Bulgaria AD 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 3.75 3.30 4.78 4.87 3.90

FRA:KZ4 vs NEE, SO, DUK: Debt-to-EBITDA Comparison

For the Utilities - Regulated Electric subindustry, Eurohold Bulgaria AD'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.


Eurohold Bulgaria AD Debt-to-EBITDA vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Eurohold Bulgaria AD's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Eurohold Bulgaria AD's Debt-to-EBITDA falls into.


FRA:KZ4
53GF Score
Eurohold Bulgaria AD FRA:KZ4
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eurohold Bulgaria AD Debt-to-EBITDA Calculation

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

Eurohold Bulgaria AD'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
=(108.193 + 712.543) / 197.908
=4.15

Eurohold Bulgaria AD'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
=(136.454 + 717.548) / 219.032
=3.90

* 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 3.90 mean?
Eurohold Bulgaria AD (FRA:KZ4) has a Debt-to-EBITDA of 3.90 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 Eurohold Bulgaria AD. This is 35% below median its historical median of 5.98. According to the industry distribution chart, Eurohold Bulgaria AD ranks #238 out of 451 companies in the Utilities - Regulated industry, placing it in the top 52.8%.
Is Eurohold Bulgaria AD's Debt-to-EBITDA too high?
Eurohold Bulgaria AD's current Debt-to-EBITDA of 3.90 is 35% below median its 10-year median of 5.98. The Utilities - Regulated industry median Debt-to-EBITDA is 4.05. Eurohold Bulgaria AD's value of 3.90 is 3.7% below this industry median. Based on the distribution chart, Eurohold Bulgaria AD ranks #238 out of 451 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Eurohold Bulgaria AD has a GF Score™ of 53/100, reflecting its overall financial health beyond just this single metric.
How does Eurohold Bulgaria AD's Debt-to-EBITDA compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Eurohold Bulgaria AD ranks #238 out of 451 companies for Debt-to-EBITDA. This places Eurohold Bulgaria AD in the lower half of its industry. The industry median Debt-to-EBITDA is 4.05. Eurohold Bulgaria AD's value of 3.90 is 3.7% below this benchmark. While the company's 10-year median is 5.98 vs. the industry median of 4.05, Eurohold Bulgaria AD 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 Utilities - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 4.05, based on 451 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. Eurohold Bulgaria AD's current Debt-to-EBITDA of 3.90 is 3.7% 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 Eurohold Bulgaria AD. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eurohold Bulgaria AD's current Debt-to-EBITDA is 3.90, which is 35% below median its own 10-year median of 5.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eurohold Bulgaria AD stock overvalued right now?
Eurohold Bulgaria AD (FRA:KZ4) has a current Debt-to-EBITDA of 3.90. The stock's GF Value™ is €1.78, compared to a current price of €1.19 — trading 33.1% below its estimated fair value. The current Debt-to-EBITDA is 3.90, which is 35% below median its 10-year median of 5.98 and 3.7% below the Utilities - Regulated industry median of 4.05. Eurohold Bulgaria AD's overall GF Score™ is 53/100 with 4 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 Eurohold Bulgaria AD (FRA:KZ4), the current Debt-to-EBITDA is 3.90 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 Eurohold Bulgaria AD (FRA:KZ4) Overvalued in 2026?

Based on GuruFocus' analysis, Eurohold Bulgaria AD stock appears to be undervalued. The current stock price of €1.19 is trading 33.1% below its estimated GF Value™ of €1.78.

Key valuation signals for FRA:KZ4:

  • Debt-to-EBITDA: 3.90 (35% below median its 10-year median of 5.98)
  • GF Value™: €1.78 vs. price of €1.19 (33.1% below fair value)
  • GF Score™: 53/100 with 4 warning signs
  • Industry Position: 3.7% below the Utilities - Regulated median (#238 of 451)

No single metric tells the full story. See the FRA:KZ4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Eurohold Bulgaria AD Business Description

Other Exchanges EHG:PolandEUBG:Bulgaria
Address 43 Christopher Columbus Boulevard, Eurohold Business Centre, Sofia, BGR, 1592
Eurohold Bulgaria AD is a diversified group of companies operating in the fields of energy, insurance and financial services (investment intermediary and asset management). It provides the market with a full range of competitive products and services with future opportunities for rapid growth of the market shares of the companies in the group, optimization of costs, strengthening of competitiveness and increase of consolidated profit. Its segments include Energy consisting of sales of electricity; electricity transmission; electricity generation; information, communication, technological and other services; Insurance consisting of insurance services; and Financial services consisting of asset management and brokerage. It derives the majority of revenue from Energy segment.
53GF Score

Get the complete analysis for FRA:KZ4

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

€1.19
Price
€1.78
GF Value