Tongcheng Travel Holdings (FRA:TEM) Debt-to-EBITDA : (As of Jun. 2026)

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FRA:TEM Tongcheng Travel Holdings Ltd FRA:TEM
73 GF Score
Price €1.17
GF Value €2.72
Valuation Possible Value Trap
! 3 Warning Signs
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What is Tongcheng Travel Holdings Debt-to-EBITDA?

Debt-to-EBITDA measures a company's ability to pay off its debt.

Tongcheng Travel Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €465 Mil. Tongcheng Travel Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €230 Mil. Tongcheng Travel Holdings's annualized EBITDA for the quarter that ended in Jun. 2026 was €621 Mil. Tongcheng Travel Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 1.12.

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 Tongcheng Travel Holdings's Debt-to-EBITDA or its related term are showing as below:

FRA:TEM' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.16   Med: 1.04   Max: 2.88
Current: 1.19

During the past 11 years, the highest Debt-to-EBITDA Ratio of Tongcheng Travel Holdings was 2.88. The lowest was 0.16. And the median was 1.04.

FRA:TEM's Debt-to-EBITDA is ranked better than
69.91% of 658 companies
in the Travel & Leisure industry
Industry Median: 2.44 vs FRA:TEM: 1.19

Tongcheng Travel Holdings  (FRA:TEM) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Tongcheng Travel Holdings Debt-to-EBITDA Related Terms


Tongcheng Travel Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tongcheng Travel Holdings'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.

Tongcheng Travel Holdings Debt-to-EBITDA Chart

Tongcheng Travel Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Tongcheng Travel Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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FRA:TEM vs BKNG, ABNB, RCL: Debt-to-EBITDA Comparison

For the Travel Services subindustry, Tongcheng Travel Holdings'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.


Tongcheng Travel Holdings Debt-to-EBITDA vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Tongcheng Travel Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Tongcheng Travel Holdings's Debt-to-EBITDA falls into.


FRA:TEM
73GF Score
Tongcheng Travel Holdings Ltd FRA:TEM
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tongcheng Travel Holdings Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Tongcheng Travel Holdings's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(435.18614631518 + 248.00710028114) / 568.03522594409
=1.20

Tongcheng Travel Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(465.34420604562 + 229.82868757392) / 620.52995747704
=1.12

* 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 (Jun. 2026) EBITDA data.

Is Tongcheng Travel Holdings (FRA:TEM) Overvalued in 2026?

Based on GuruFocus' analysis, Tongcheng Travel Holdings stock appears to be undervalued. The current stock price of €1.17 is trading 57% below its estimated GF Value™ of €2.72. GuruFocus considers Tongcheng Travel Holdings to be Possible Value Trap.

Key valuation signals for FRA:TEM:

  • Debt-to-EBITDA:
  • GF Value™: €2.72 vs. price of €1.17 (57% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the FRA:TEM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tongcheng Travel Holdings Business Description

Other Exchanges 00780:Hong Kong
Address No. 66 Yunhui Road, Tongcheng Travel Mansion, Suzhou Industrial Park, Jiangsu, CHN
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers and travel kiosks. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
73GF Score

Get the complete analysis for FRA:TEM

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€1.17
Price
€2.72
GF Value