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Heritage GlobalFRA:LGC 73 Debt-to-EBITDA is 2.04 as of Mar. 2026, which is 240% above its 10-year median of 0.60. GuruFocus rates FRA:LGC with a GF Score™ of 73/100 and a GF Value™ of €2.04. The stock has 3 warning signs investors should review. Among 422 Capital Markets companies, Heritage Global ranks better than 58.77% 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 Heritage Global's Debt-to-EBITDA or its related term are showing as below:
FRA:LGC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.84 Med: 0.6 Max: 1.89
Current: 0.93
During the past 13 years, the highest Debt-to-EBITDA Ratio of Heritage Global was 1.89. The lowest was -5.84. And the median was 0.60.
FRA:LGC's Debt-to-EBITDA is ranked better than 58.77% of 422
companies
in the Capital Markets industry
Industry Median: 1.6
vs FRA:LGC: 0.93
Heritage Global (FRA:LGC) 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.
Heritage Global Debt-to-EBITDA Related Terms
Heritage Global Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Heritage Global'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:LGC vs GSIW, MATH, VIP: Debt-to-EBITDA Comparison
For the Capital Markets subindustry, Heritage Global'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.
Heritage Global Debt-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Heritage Global's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Heritage Global'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.
Heritage Global (FRA:LGC) has a Debt-to-EBITDA of 2.04 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 Heritage Global. This is 240% above median its historical median of 0.60. According to the industry distribution chart, Heritage Global ranks #174 out of 422 companies in the Capital Markets industry, placing it in the top 41.2%.
Is Heritage Global's Debt-to-EBITDA too high?
Heritage Global's current Debt-to-EBITDA of 2.04 is 240% above median its 10-year median of 0.60. The Capital Markets industry median Debt-to-EBITDA is 1.60. Heritage Global's value of 2.04 is 27.5% above this industry median. Based on the distribution chart, Heritage Global ranks #174 out of 422 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Heritage Global has a GF Score™ of 73/100, reflecting its overall financial health beyond just this single metric.
How does Heritage Global's Debt-to-EBITDA compare to GSIW and MATH?
According to the Capital Markets industry distribution chart, Heritage Global ranks #174 out of 422 companies for Debt-to-EBITDA. This puts Heritage Global in the upper half of its industry. The industry median Debt-to-EBITDA is 1.60. Heritage Global's value of 2.04 is 27.5% above this benchmark. While the company's 10-year median is 0.60 vs. the industry median of 1.60, Heritage Global 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 Capital Markets company?
The median Debt-to-EBITDA among Capital Markets companies is 1.60, based on 422 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. Heritage Global's current Debt-to-EBITDA of 2.04 is 27.5% 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 Heritage Global. For the Capital Markets industry, the median Debt-to-EBITDA is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Heritage Global's current Debt-to-EBITDA is 2.04, which is 240% above median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Heritage Global stock overvalued right now?
Heritage Global (FRA:LGC) has a current Debt-to-EBITDA of 2.04. The stock's GF Value™ is €2.04, compared to a current price of €1.03 — trading 49.5% below its estimated fair value. The current Debt-to-EBITDA is 2.04, which is 240% above median its 10-year median of 0.60 and 27.5% above the Capital Markets industry median of 1.60. Heritage Global's overall GF Score™ is 73/100 with 3 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 Heritage Global (FRA:LGC), the current Debt-to-EBITDA is 2.04 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 Heritage Global (FRA:LGC) Overvalued in 2026?
Based on GuruFocus' analysis, Heritage Global stock appears to be undervalued.
The current stock price of €1.03 is trading 49.5% below its estimated GF Value™ of €2.04.
Key valuation signals for FRA:LGC:
Debt-to-EBITDA: 2.04 (240% above median its 10-year median of 0.60)
GF Value™: €2.04 vs. price of €1.03 (49.5% below fair value)
Industry Position: 27.5% above the Capital Markets median (#174 of 422)
No single metric tells the full story. See the FRA:LGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Heritage Global Inc values and monetizes industrial and financial assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed assets. It operates in four segments. The Auction and Liquidation segment, which operates as a full-service auction, appraisal, and asset advisory firm, includes the acquisition of turnkey manufacturing facilities and used industrial machinery and equipment. The Refurbishment & Resale segment acquires, refurbishes, and supplies specialized laboratory equipment. Brokerage segment, through NLEX, brokers charged-off receivables in the U.S. and Canada on behalf of financial institutions. The Specialty Lending segment, which provides specialty financing solutions to investors in charged-off and nonperforming asset portfolios.
73GF Score
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