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.
SappiFRA:SPI +0.89%49 Debt-to-EBITDA is -1.73 as of Mar. 2026. GuruFocus rates FRA:SPI with a GF Score™ of 49/100 and a GF Value™ of €1.56 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 210 Forest Products companies, Sappi ranks worse than 476190% 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 Sappi's Debt-to-EBITDA or its related term are showing as below:
FRA:SPI'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -17.29 Med: 2.73 Max: 7.76
Current: -17.29
During the past 13 years, the highest Debt-to-EBITDA Ratio of Sappi was 7.76. The lowest was -17.29. And the median was 2.73.
FRA:SPI's Debt-to-EBITDA is ranked worse than 100% of 210
companies
in the Forest Products industry
Industry Median: 3.225
vs FRA:SPI: -17.29
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.
Sappi Debt-to-EBITDA Related Terms
Sappi Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Sappi'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.
For the Paper & Paper Products subindustry, Sappi'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.
Sappi Debt-to-EBITDA vs Forest Products Industry
For the Forest Products industry and Basic Materials sector, Sappi's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Sappi'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.
Sappi (FRA:SPI) has a Debt-to-EBITDA of -1.73 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 Sappi. According to the industry distribution chart, Sappi ranks #999999 out of 210 companies in the Forest Products industry.
Is Sappi's Debt-to-EBITDA too high?
Sappi's current Debt-to-EBITDA is -1.73. Based on the distribution chart, Sappi ranks #999999 out of 210 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, Sappi has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sappi's Debt-to-EBITDA compare to SLVM?
According to the Forest Products industry distribution chart, Sappi ranks #999999 out of 210 companies for Debt-to-EBITDA. This places Sappi in the lower half of its industry. The industry median Debt-to-EBITDA is 3.23. 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 Forest Products company?
The median Debt-to-EBITDA among Forest Products companies is 3.23, based on 210 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. 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 Sappi. For the Forest Products industry, the median Debt-to-EBITDA is 3.23 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sappi's current Debt-to-EBITDA is -1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sappi stock overvalued right now?
Based on GuruFocus' analysis, Sappi (FRA:SPI) is currently considered Possible Value Trap. The stock's GF Value™ is €1.56, compared to a current price of €0.57 — trading 63.8% below its estimated fair value. The current Debt-to-EBITDA is -1.73. Sappi's overall GF Score™ is 49/100 with 6 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 Sappi (FRA:SPI), the current Debt-to-EBITDA is -1.73 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 Sappi (FRA:SPI) Overvalued in 2026?
Based on GuruFocus' analysis, Sappi stock appears to be undervalued.
The current stock price of €0.57 is trading 63.8% below its estimated GF Value™ of €1.56.
GuruFocus considers Sappi to be Possible Value Trap.
Key valuation signals for FRA:SPI:
Debt-to-EBITDA: -1.73
GF Value™: €1.56 vs. price of €0.57 (63.8% below fair value)
No single metric tells the full story. See the FRA:SPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Sappi Ltd is engaged in the manufacturing of sustainable woodfibre-based products including specialty and packaging papers, graphic papers, release papers, pulp, and biomaterials like lignin and furfural from renewable resources. The products and services include Dissolving pulp, Graphic papers, Packaging and specialty papers, Casting and release papers, Biomaterials and Bio-energy. The company's geographical segments include Europe, North America and South Africa. The majority of revenue is generated from South Africa.
49GF Score
Get the complete analysis for FRA:SPI
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:SPI has been successfully added to your 
