GRFS (Grifols) Debt-to-EBITDA : 6.85 (As of Mar. 2026) — 32% Above Median


GRFS Grifols SA GRFS
82 GF Score
Price $7.22
GF Value $8.90
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Grifols Debt-to-EBITDA?

Grifols GRFS -1.23% 82 Debt-to-EBITDA is 6.85 as of Mar. 2026, which is 32% above its 10-year median of 5.18. GuruFocus rates GRFS with a GF Score™ of 82/100 and a GF Value™ of $8.90 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 687 Drug Manufacturers companies, Grifols ranks worse than 85.15% on this metric.

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

Grifols's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $681 Mil. Grifols's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $10,497 Mil. Grifols's annualized EBITDA for the quarter that ended in Mar. 2026 was $1,632 Mil. Grifols's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 6.85.

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 Grifols's Debt-to-EBITDA or its related term are showing as below:

GRFS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.01   Med: 5.18   Max: 9.88
Current: 6.06

During the past 13 years, the highest Debt-to-EBITDA Ratio of Grifols was 9.88. The lowest was 0.01. And the median was 5.18.

GRFS's Debt-to-EBITDA is ranked worse than
85.15% of 687 companies
in the Drug Manufacturers industry
Industry Median: 1.66 vs GRFS: 6.06

Grifols  (NAS:GRFS) 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.


Grifols Debt-to-EBITDA Related Terms


Grifols Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Grifols'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.

Grifols Debt-to-EBITDA Chart

Grifols Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.88 0.00 9.40 6.82 5.83

Grifols Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 5.03 0.00 6.88 6.85

GRFS vs LLY, JNJ, ABBV: Debt-to-EBITDA Comparison

For the Drug Manufacturers - General subindustry, Grifols'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.


Grifols Debt-to-EBITDA vs Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Grifols's Debt-to-EBITDA distribution charts can be found below:

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


GRFS
82GF Score
Grifols SA GRFS
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Grifols Debt-to-EBITDA Calculation

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

Grifols'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
=(612.412 + 10588.993) / 1921.546
=5.83

Grifols's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(680.925 + 10497.11) / 1632.368
=6.85

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 6.85 mean?
Grifols (GRFS) has a Debt-to-EBITDA of 6.85 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 Grifols. This is 32% above median its historical median of 5.18. Over the past decade, Grifols' Debt-to-EBITDA has ranged from 0.01 to 9.88. According to the industry distribution chart, Grifols ranks #585 out of 687 companies in the Drug Manufacturers industry, placing it in the top 85.2%.
Is Grifols' Debt-to-EBITDA too high?
Grifols' current Debt-to-EBITDA of 6.85 is 32% above median its 10-year median of 5.18. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 9.88. The Drug Manufacturers industry median Debt-to-EBITDA is 1.66. Grifols' value of 6.85 is 312.7% above this industry median. Based on the distribution chart, Grifols ranks #585 out of 687 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Grifols has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Grifols' Debt-to-EBITDA compare to LLY and JNJ?
According to the Drug Manufacturers industry distribution chart, Grifols ranks #585 out of 687 companies for Debt-to-EBITDA. This places Grifols in the lower half of its industry. The industry median Debt-to-EBITDA is 1.66. Grifols' value of 6.85 is 312.7% above this benchmark. Historically, Grifols' own Debt-to-EBITDA has ranged from 0.01 to 9.88 over the past decade. While the company's 10-year median is 5.18 vs. the industry median of 1.66, Grifols has consistently been above 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 a Drug Manufacturers company?
The median Debt-to-EBITDA among Drug Manufacturers companies is 1.66, based on 687 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. Grifols's current Debt-to-EBITDA of 6.85 is 312.7% above 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 Grifols. For the Drug Manufacturers industry, the median Debt-to-EBITDA is 1.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grifols's current Debt-to-EBITDA is 6.85, which is 32% above median its own 10-year median of 5.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grifols stock overvalued right now?
Based on GuruFocus' analysis, Grifols (GRFS) is currently considered Modestly Undervalued. The stock's GF Value™ is $8.90, compared to a current price of $7.22 — trading 18.9% below its estimated fair value. The current Debt-to-EBITDA is 6.85, which is 32% above median its 10-year median of 5.18 and 312.7% above the Drug Manufacturers industry median of 1.66. Grifols' overall GF Score™ is 82/100 with 7 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 Grifols (GRFS), the current Debt-to-EBITDA is 6.85 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 Grifols (GRFS) Overvalued in 2026?

Based on GuruFocus' analysis, Grifols stock appears to be undervalued. The current stock price of $7.22 is trading 18.9% below its estimated GF Value™ of $8.90. GuruFocus considers Grifols to be Modestly Undervalued.

Key valuation signals for GRFS:

  • Debt-to-EBITDA: 6.85 (32% above median its 10-year median of 5.18)
  • GF Value™: $8.90 vs. price of $7.22 (18.9% below fair value)
  • GF Score™: 82/100 with 7 warning signs
  • Industry Position: 312.7% above the Drug Manufacturers median (#585 of 687)

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


Grifols Business Description

Address Avinguda de la Generalitat, 152-158, Parc de Negocis Can Sant Joan, Sant Cugat del Valles, Barcelona, ESP, 08174
Grifols SA is a healthcare company engaged in activities related to plasma-derived products and diagnostic solutions. The group has four reportable segments: Biopharma, Diagnostic, Bio Supplies, and Others. The Biopharma segment focuses on products derived from human plasma for therapeutic use, while the Diagnostic segment includes the marketing of diagnostic testing equipment and reagents. The Bio Supplies segment covers biological products for non-therapeutic use and plasma sales to third parties, and the Others segment includes manufacturing services, research activities, and complementary pharmaceutical products.
82GF Score

Get the complete analysis for GRFS

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

$7.22
Price
$8.90
GF Value