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Forum MarketsFRMM -1.16%30 Debt-to-EBITDA is -0.58 as of Jun. 2026. GuruFocus rates FRMM with a GF Score™ of 30/100. The stock has 3 warning signs investors should review. Among 1,728 Software companies, Forum Markets ranks worse than 57870.31% 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 Forum Markets's Debt-to-EBITDA or its related term are showing as below:
FRMM'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.39 Med: -0.11 Max: -0.03
Current: -0.05
During the past 7 years, the highest Debt-to-EBITDA Ratio of Forum Markets was -0.03. The lowest was -0.39. And the median was -0.11.
FRMM's Debt-to-EBITDA is ranked worse than 100% of 1728
companies
in the Software industry
Industry Median: 1.03
vs FRMM: -0.05
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.
Forum Markets Debt-to-EBITDA Related Terms
Forum Markets Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Forum Markets'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.
FRMM vs RSSS, IDN, AEYE: Debt-to-EBITDA Comparison
For the Software - Application subindustry, Forum Markets'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.
Forum Markets Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Forum Markets's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Forum Markets'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.
Forum Markets (FRMM) has a Debt-to-EBITDA of -0.58 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 Forum Markets. According to the industry distribution chart, Forum Markets ranks #999999 out of 1728 companies in the Software industry.
Is Forum Markets' Debt-to-EBITDA too high?
Forum Markets' current Debt-to-EBITDA is -0.58. Based on the distribution chart, Forum Markets ranks #999999 out of 1728 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Forum Markets has a GF Score™ of 30/100, reflecting its overall financial health beyond just this single metric.
How does Forum Markets' Debt-to-EBITDA compare to RSSS and IDN?
According to the Software industry distribution chart, Forum Markets ranks #999999 out of 1728 companies for Debt-to-EBITDA. This places Forum Markets in the lower half of its industry. The industry median Debt-to-EBITDA is 1.03. 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 Software company?
The median Debt-to-EBITDA among Software companies is 1.03, based on 1,728 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 Forum Markets. For the Software industry, the median Debt-to-EBITDA is 1.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Forum Markets's current Debt-to-EBITDA is -0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Forum Markets stock overvalued right now?
Forum Markets (FRMM) has a current Debt-to-EBITDA of -0.58. The current Debt-to-EBITDA is -0.58. Forum Markets' overall GF Score™ is 30/100 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 Forum Markets (FRMM), the current Debt-to-EBITDA is -0.58 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.
Forum Markets Inc is a financial technology company focused on developing infrastructure that supports the origination, financing, and distribution of RWAs through blockchain-enabled capital markets. The company's business approach is centered on integrating traditional financial asset markets with blockchain-based infrastructure to enable the tokenization of income-generating real-world assets such as consumer credit, equipment finance assets, and other contractual cash-flow streams. It utilizes blockchain infrastructure, including Ethereum and related Layer-2 scaling protocols, to support the issuance, management, and potential secondary trading of tokenized financial instruments.
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