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Hennessy AdvisorsFRA:Z3A -1.23%56 Debt-to-EBITDA is 0.03 as of Jun. 2026, which is 97% below its 10-year median of 1.15. GuruFocus rates FRA:Z3A with a GF Score™ of 56/100 and a GF Value™ of €7.81 (Fairly Valued). The stock has 2 warning signs investors should review. Among 386 Asset Management companies, Hennessy Advisors ranks better than 94.56% 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 Hennessy Advisors's Debt-to-EBITDA or its related term are showing as below:
FRA:Z3A'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.03 Med: 1.15 Max: 4.34
Current: 0.03
During the past 13 years, the highest Debt-to-EBITDA Ratio of Hennessy Advisors was 4.34. The lowest was 0.03. And the median was 1.15.
FRA:Z3A's Debt-to-EBITDA is ranked better than 94.56% of 386
companies
in the Asset Management industry
Industry Median: 1.41
vs FRA:Z3A: 0.03
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.
Hennessy Advisors Debt-to-EBITDA Related Terms
Hennessy Advisors Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Hennessy Advisors'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:Z3A vs NMS, GDO, GLV: Debt-to-EBITDA Comparison
For the Asset Management subindustry, Hennessy Advisors'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.
Hennessy Advisors Debt-to-EBITDA vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Hennessy Advisors's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Hennessy Advisors'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 (Jun. 2026) EBITDA data.
Hennessy Advisors (FRA:Z3A) has a Debt-to-EBITDA of 0.03 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Hennessy Advisors. This is 97% below median its historical median of 1.15. Over the past decade, Hennessy Advisors' Debt-to-EBITDA has ranged from 0.03 to 4.34. According to the industry distribution chart, Hennessy Advisors ranks #21 out of 386 companies in the Asset Management industry, placing it in the top 5.4%.
Is Hennessy Advisors' Debt-to-EBITDA too high?
Hennessy Advisors' current Debt-to-EBITDA of 0.03 is 97% below median its 10-year median of 1.15. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 4.34. The Asset Management industry median Debt-to-EBITDA is 1.41. Hennessy Advisors' value of 0.03 is 97.9% below this industry median. Based on the distribution chart, Hennessy Advisors ranks #21 out of 386 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Hennessy Advisors has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Hennessy Advisors' Debt-to-EBITDA compare to NMS and GDO?
According to the Asset Management industry distribution chart, Hennessy Advisors ranks #21 out of 386 companies for Debt-to-EBITDA. This places Hennessy Advisors in the top 5% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.41. Hennessy Advisors' value of 0.03 is 97.9% below this benchmark. Historically, Hennessy Advisors' own Debt-to-EBITDA has ranged from 0.03 to 4.34 over the past decade. While the company's 10-year median is 1.15 vs. the industry median of 1.41, Hennessy Advisors 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 1.41, based on 386 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. Hennessy Advisors's current Debt-to-EBITDA of 0.03 is 97.9% 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 Hennessy Advisors. For the Asset Management industry, the median Debt-to-EBITDA is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hennessy Advisors's current Debt-to-EBITDA is 0.03, which is 97% below median its own 10-year median of 1.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hennessy Advisors stock overvalued right now?
Based on GuruFocus' analysis, Hennessy Advisors (FRA:Z3A) is currently considered Fairly Valued. The stock's GF Value™ is €7.81, compared to a current price of €8.00 — trading 2.4% above its estimated fair value. The current Debt-to-EBITDA is 0.03, which is 97% below median its 10-year median of 1.15 and 97.9% below the Asset Management industry median of 1.41. Hennessy Advisors' overall GF Score™ is 56/100 with 2 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 Hennessy Advisors (FRA:Z3A), the current Debt-to-EBITDA is 0.03 as of Jun. 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 Hennessy Advisors (FRA:Z3A) Overvalued in 2026?
Based on GuruFocus' analysis, Hennessy Advisors stock appears to be overvalued.
The current stock price of €8.00 is trading 2.4% above its estimated GF Value™ of €7.81.
GuruFocus considers Hennessy Advisors to be Fairly Valued.
Key valuation signals for FRA:Z3A:
Debt-to-EBITDA: 0.03 (97% below median its 10-year median of 1.15)
GF Value™: €7.81 vs. price of €8.00 (2.4% above fair value)
Industry Position: 97.9% below the Asset Management median (#21 of 386)
No single metric tells the full story. See the FRA:Z3A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hennessy Advisors Inc is an investment management company that manages and markets open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, multi-asset sectors, specialty products, and fixed income products. The company earns revenues mainly from investment advisory services and secondarily from shareholder services. Advisory services include managing each fund's portfolio in line with its investment objectives, monitoring compliance and performance, overseeing sub-advisors and other service providers, and handling marketing, distribution, and regulatory reporting. Shareholder services cover investor support and coordination with the fund service provider, with all related fees based on the funds' average daily net asset values.
56GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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