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.
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.
OnexFRA:ONE -0.75%69 Debt-to-EBITDA is 0.83 as of Mar. 2026, which is 91% below its 10-year median of 9.35. GuruFocus rates FRA:ONE with a GF Score™ of 69/100 and a GF Value™ of €70.00. The stock has 3 warning signs investors should review. Among 383 Asset Management companies, Onex ranks better than 62.4% 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 Onex's Debt-to-EBITDA or its related term are showing as below:
FRA:ONE'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.72 Med: 9.35 Max: 17.45
Current: 0.72
During the past 13 years, the highest Debt-to-EBITDA Ratio of Onex was 17.45. The lowest was 0.72. And the median was 9.35.
FRA:ONE's Debt-to-EBITDA is ranked better than 62.4% of 383
companies
in the Asset Management industry
Industry Median: 1.44
vs FRA:ONE: 0.72
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.
Onex Debt-to-EBITDA Related Terms
Onex Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Onex'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:ONE vs BLK, BX, KKR: Debt-to-EBITDA Comparison
For the Asset Management subindustry, Onex'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.
Onex Debt-to-EBITDA vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Onex's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Onex'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.
Onex (FRA:ONE) has a Debt-to-EBITDA of 0.83 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 Onex. This is 91% below median its historical median of 9.35. Over the past decade, Onex's Debt-to-EBITDA has ranged from 0.72 to 17.45. According to the industry distribution chart, Onex ranks #144 out of 383 companies in the Asset Management industry, placing it in the top 37.6%.
Is Onex's Debt-to-EBITDA too high?
Onex's current Debt-to-EBITDA of 0.83 is 91% below median its 10-year median of 9.35. Over the past 10 years, this metric has ranged from a low of 0.72 to a high of 17.45. The Asset Management industry median Debt-to-EBITDA is 1.44. Onex's value of 0.83 is 42.4% below this industry median. Based on the distribution chart, Onex ranks #144 out of 383 companies in the Asset Management industry, which is above the industry midpoint. Overall, Onex has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Onex's Debt-to-EBITDA compare to BLK and BX?
According to the Asset Management industry distribution chart, Onex ranks #144 out of 383 companies for Debt-to-EBITDA. This puts Onex in the upper half of its industry. The industry median Debt-to-EBITDA is 1.44. Onex's value of 0.83 is 42.4% below this benchmark. Historically, Onex's own Debt-to-EBITDA has ranged from 0.72 to 17.45 over the past decade. While the company's 10-year median is 9.35 vs. the industry median of 1.44, Onex 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 Asset Management company?
The median Debt-to-EBITDA among Asset Management companies is 1.44, based on 383 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. Onex's current Debt-to-EBITDA of 0.83 is 42.4% 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 Onex. For the Asset Management industry, the median Debt-to-EBITDA is 1.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onex's current Debt-to-EBITDA is 0.83, which is 91% below median its own 10-year median of 9.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onex stock overvalued right now?
Onex (FRA:ONE) has a current Debt-to-EBITDA of 0.83. The stock's GF Value™ is €70.00, compared to a current price of €66.50 — trading 5% below its estimated fair value. The current Debt-to-EBITDA is 0.83, which is 91% below median its 10-year median of 9.35 and 42.4% below the Asset Management industry median of 1.44. Onex's overall GF Score™ is 69/100 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 Onex (FRA:ONE), the current Debt-to-EBITDA is 0.83 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 Onex (FRA:ONE) Overvalued in 2026?
Based on GuruFocus' analysis, Onex stock appears to be undervalued.
The current stock price of €66.50 is trading 5% below its estimated GF Value™ of €70.00.
Key valuation signals for FRA:ONE:
Debt-to-EBITDA: 0.83 (91% below median its 10-year median of 9.35)
GF Value™: €70.00 vs. price of €66.50 (5% below fair value)
Industry Position: 42.4% below the Asset Management median (#144 of 383)
No single metric tells the full story. See the FRA:ONE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Onex Corp is a private equity investor and asset management firm. The company operates in two reportable segments: Investing, which comprises the activity of investing Onex's capital, and Asset Management, which comprises the asset management activities provided by Onex to support its private equity and Credit strategies, as well as Onex's corporate functions. The majority of the company's revenue is generated through the Investing segment.
69GF Score
Get the complete analysis for FRA:ONE
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:ONE has been successfully added to your 
