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MIND TechnologyFRA:MI70 +1.59%44 Debt-to-EBITDA is 0.94 as of Apr. 2026, which is 9300% above its 10-year median of 0.01. GuruFocus rates FRA:MI70 with a GF Score™ of 44/100 and a GF Value™ of €1.14. The stock has 4 warning signs investors should review. Among 1,803 Hardware companies, MIND Technology ranks better than 85.08% 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 MIND Technology's Debt-to-EBITDA or its related term are showing as below:
FRA:MI70'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.11 Med: 0.01 Max: 1.03
Current: 0.21
During the past 13 years, the highest Debt-to-EBITDA Ratio of MIND Technology was 1.03. The lowest was -2.11. And the median was 0.01.
FRA:MI70's Debt-to-EBITDA is ranked better than 85.08% of 1803
companies
in the Hardware industry
Industry Median: 1.63
vs FRA:MI70: 0.21
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.
MIND Technology Debt-to-EBITDA Related Terms
MIND Technology Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for MIND Technology'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:MI70 vs ACFN, LGL, AATC: Debt-to-EBITDA Comparison
For the Scientific & Technical Instruments subindustry, MIND Technology'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.
MIND Technology Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, MIND Technology's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where MIND Technology'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 (Apr. 2026) EBITDA data.
MIND Technology (FRA:MI70) has a Debt-to-EBITDA of 0.94 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on MIND Technology. This is 9300% above median its historical median of 0.01. According to the industry distribution chart, MIND Technology ranks #269 out of 1803 companies in the Hardware industry, placing it in the top 14.9%.
Is MIND Technology's Debt-to-EBITDA too high?
MIND Technology's current Debt-to-EBITDA of 0.94 is 9300% above median its 10-year median of 0.01. The Hardware industry median Debt-to-EBITDA is 1.63. MIND Technology's value of 0.94 is 42.3% below this industry median. Based on the distribution chart, MIND Technology ranks #269 out of 1803 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, MIND Technology has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does MIND Technology's Debt-to-EBITDA compare to ACFN and LGL?
According to the Hardware industry distribution chart, MIND Technology ranks #269 out of 1803 companies for Debt-to-EBITDA. This places MIND Technology in the top 15% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.63. MIND Technology's value of 0.94 is 42.3% below this benchmark. While the company's 10-year median is 0.01 vs. the industry median of 1.63, MIND Technology 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 a Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.63, based on 1,803 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. MIND Technology's current Debt-to-EBITDA of 0.94 is 42.3% 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 MIND Technology. For the Hardware industry, the median Debt-to-EBITDA is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIND Technology's current Debt-to-EBITDA is 0.94, which is 9300% above median its own 10-year median of 0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIND Technology stock overvalued right now?
MIND Technology (FRA:MI70) has a current Debt-to-EBITDA of 0.94. The stock's GF Value™ is €1.14, compared to a current price of €3.84 — trading 236.8% above its estimated fair value. The current Debt-to-EBITDA is 0.94, which is 9300% above median its 10-year median of 0.01 and 42.3% below the Hardware industry median of 1.63. MIND Technology's overall GF Score™ is 44/100 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 MIND Technology (FRA:MI70), the current Debt-to-EBITDA is 0.94 as of Apr. 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 MIND Technology (FRA:MI70) Overvalued in 2026?
Based on GuruFocus' analysis, MIND Technology stock appears to be overvalued.
The current stock price of €3.84 is trading 236.8% above its estimated GF Value™ of €1.14.
Key valuation signals for FRA:MI70:
Debt-to-EBITDA: 0.94 (9300% above median its 10-year median of 0.01)
GF Value™: €1.14 vs. price of €3.84 (236.8% above fair value)
Industry Position: 42.3% below the Hardware median (#269 of 1803)
No single metric tells the full story. See the FRA:MI70 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MIND Technology Inc provides technology and solutions for exploration, survey, and defense applications in oceanographic, hydrographic, defense, seismic, and security industries. The company operates in single segment namely, Seamap which provides services and products, including engineering, repairs and software licensing, utilized in marine exploration, marine survey and maritime security for marine survey companies, seismic survey contractors, research institutes, non-military government organizations and operators of port facilities and other offshore installations. The company generates more revenue from Seamap Marine Products. The company's geographical segments include the United States; China, Norway; Turkey; Singapore; and Canada & Other.
44GF Score
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