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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 DeFi Technologies's Debt-to-EBITDA or its related term are showing as below:
FRA:R9B'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.01 Med: -0.66 Max: 0.08
Current: 0.07
During the past 13 years, the highest Debt-to-EBITDA Ratio of DeFi Technologies was 0.08. The lowest was -4.01. And the median was -0.66.
FRA:R9B's Debt-to-EBITDA is ranked better than 90.26% of 421
companies
in the Capital Markets industry
Industry Median: 1.54
vs FRA:R9B: 0.07
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.
DeFi Technologies Debt-to-EBITDA Related Terms
DeFi Technologies Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for DeFi Technologies'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:R9B vs MS, GS, SCHW: Debt-to-EBITDA Comparison
For the Capital Markets subindustry, DeFi Technologies'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.
DeFi Technologies Debt-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, DeFi Technologies's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where DeFi Technologies'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.
DeFi Technologies (FRA:R9B) has a Debt-to-EBITDA of 0.14 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 DeFi Technologies. According to the industry distribution chart, DeFi Technologies ranks #41 out of 421 companies in the Capital Markets industry, placing it in the top 9.7%.
Is DeFi Technologies' Debt-to-EBITDA too high?
DeFi Technologies' current Debt-to-EBITDA is 0.14. The Capital Markets industry median Debt-to-EBITDA is 1.54. DeFi Technologies' value of 0.14 is 90.9% below this industry median. Based on the distribution chart, DeFi Technologies ranks #41 out of 421 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, DeFi Technologies has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does DeFi Technologies' Debt-to-EBITDA compare to MS and GS?
According to the Capital Markets industry distribution chart, DeFi Technologies ranks #41 out of 421 companies for Debt-to-EBITDA. This places DeFi Technologies in the top 10% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.54. DeFi Technologies' value of 0.14 is 90.9% below this benchmark. 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 1.54, based on 421 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. DeFi Technologies's current Debt-to-EBITDA of 0.14 is 90.9% 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 DeFi Technologies. For the Capital Markets industry, the median Debt-to-EBITDA is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DeFi Technologies's current Debt-to-EBITDA is 0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeFi Technologies stock overvalued right now?
Based on GuruFocus' analysis, DeFi Technologies (FRA:R9B) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.52, compared to a current price of €0.42 — trading 19.5% below its estimated fair value. The current Debt-to-EBITDA is 0.14 and 90.9% below the Capital Markets industry median of 1.54. DeFi Technologies' overall GF Score™ is 50/100 with 9 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 DeFi Technologies (FRA:R9B), the current Debt-to-EBITDA is 0.14 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 DeFi Technologies (FRA:R9B) Overvalued in 2026?
Based on GuruFocus' analysis, DeFi Technologies stock appears to be undervalued.
The current stock price of €0.42 is trading 19.5% below its estimated GF Value™ of €0.52.
GuruFocus considers DeFi Technologies to be Modestly Undervalued.
Key valuation signals for FRA:R9B:
Debt-to-EBITDA: 0.14
GF Value™: €0.52 vs. price of €0.42 (19.5% below fair value)
Industry Position: 90.9% below the Capital Markets median (#41 of 421)
No single metric tells the full story. See the FRA:R9B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DeFi Technologies Inc is a Canadian technology company bridging the gap between traditional capital markets and decentralized finance. The Company generates revenues through the issuance of exchange-traded products that synthetically track the value of a single DeFi protocol, investments in various companies and protocols across the decentralized finance ecosystem to build a diversified portfolio of decentralized finance assets, providing premium membership for research reports to investors and offering node management of decentralized protocols to support governance, security and transaction validation.
50GF Score
Get the complete analysis for FRA:R9B
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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