Private Assets SE KGaA (HAM:LSNA) Debt-to-EBITDA : 1.68 (As of Dec. 2025) — 16% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

HAM:LSNA Private Assets SE & Co KGaA HAM:LSNA
20 GF Score
Price €3.20
! 8 Warning Signs
View Full Analysis

What is Private Assets SE KGaA Debt-to-EBITDA?

Private Assets SE KGaA HAM:LSNA +28.00% 20 Debt-to-EBITDA is 1.68 as of Dec. 2025, which is 16% below its 10-year median of 1.99. GuruFocus rates HAM:LSNA with a GF Score™ of 20/100. The stock has 8 warning signs investors should review. Among 385 Asset Management companies, Private Assets SE KGaA ranks worse than 72.99% on this metric.

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

Private Assets SE KGaA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €16.3 Mil. Private Assets SE KGaA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €20.6 Mil. Private Assets SE KGaA's annualized EBITDA for the quarter that ended in Dec. 2025 was €22.0 Mil. Private Assets SE KGaA's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 1.68.

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 Private Assets SE KGaA's Debt-to-EBITDA or its related term are showing as below:

HAM:LSNA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.01   Med: 1.99   Max: 3.93
Current: 3.93

During the past 13 years, the highest Debt-to-EBITDA Ratio of Private Assets SE KGaA was 3.93. The lowest was 1.01. And the median was 1.99.

HAM:LSNA's Debt-to-EBITDA is ranked worse than
72.99% of 385 companies
in the Asset Management industry
Industry Median: 1.39 vs HAM:LSNA: 3.93

Private Assets SE KGaA  (HAM:LSNA) 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.


Private Assets SE KGaA Debt-to-EBITDA Related Terms


Private Assets SE KGaA Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Private Assets SE KGaA'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.

Private Assets SE KGaA Debt-to-EBITDA Chart

Private Assets SE KGaA 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 1.01 1.81 1.99 3.21 3.93

Private Assets SE KGaA Semi-Annual Data
Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 1.76 7.47 2.39 -7.52 1.68

HAM:LSNA vs BLK, BX, KKR: Debt-to-EBITDA Comparison

For the Asset Management subindustry, Private Assets SE KGaA'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.


Private Assets SE KGaA Debt-to-EBITDA vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Private Assets SE KGaA's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Private Assets SE KGaA's Debt-to-EBITDA falls into.


HAM:LSNA
20GF Score
Private Assets SE & Co KGaA HAM:LSNA
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Private Assets SE KGaA Debt-to-EBITDA Calculation

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

Private Assets SE KGaA'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
=(16.34 + 20.567) / 9.396
=3.93

Private Assets SE KGaA's annualized Debt-to-EBITDA for the quarter 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
=(16.34 + 20.567) / 22.002
=1.68

* 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 two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.68 mean?
Private Assets SE KGaA (HAM:LSNA) has a Debt-to-EBITDA of 1.68 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Private Assets SE KGaA. This is 16% below median its historical median of 1.99. Over the past decade, Private Assets SE KGaA's Debt-to-EBITDA has ranged from 1.01 to 3.93. According to the industry distribution chart, Private Assets SE KGaA ranks #281 out of 385 companies in the Asset Management industry, placing it in the top 73%.
Is Private Assets SE KGaA's Debt-to-EBITDA too high?
Private Assets SE KGaA's current Debt-to-EBITDA of 1.68 is 16% below median its 10-year median of 1.99. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 3.93. The Asset Management industry median Debt-to-EBITDA is 1.39. Private Assets SE KGaA's value of 1.68 is 20.9% above this industry median. Based on the distribution chart, Private Assets SE KGaA ranks #281 out of 385 companies in the Asset Management industry, which is below the industry midpoint. Overall, Private Assets SE KGaA has a GF Score™ of 20/100, reflecting its overall financial health beyond just this single metric.
How does Private Assets SE KGaA's Debt-to-EBITDA compare to BLK and BX?
According to the Asset Management industry distribution chart, Private Assets SE KGaA ranks #281 out of 385 companies for Debt-to-EBITDA. This places Private Assets SE KGaA in the lower half of its industry. The industry median Debt-to-EBITDA is 1.39. Private Assets SE KGaA's value of 1.68 is 20.9% above this benchmark. Historically, Private Assets SE KGaA's own Debt-to-EBITDA has ranged from 1.01 to 3.93 over the past decade. While the company's 10-year median is 1.99 vs. the industry median of 1.39, Private Assets SE KGaA 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 an Asset Management company?
The median Debt-to-EBITDA among Asset Management companies is 1.39, based on 385 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. Private Assets SE KGaA's current Debt-to-EBITDA of 1.68 is 20.9% 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 Private Assets SE KGaA. For the Asset Management industry, the median Debt-to-EBITDA is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Private Assets SE KGaA's current Debt-to-EBITDA is 1.68, which is 16% below median its own 10-year median of 1.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Private Assets SE KGaA stock overvalued right now?
Private Assets SE KGaA (HAM:LSNA) has a current Debt-to-EBITDA of 1.68. The current Debt-to-EBITDA is 1.68, which is 16% below median its 10-year median of 1.99 and 20.9% above the Asset Management industry median of 1.39. Private Assets SE KGaA's overall GF Score™ is 20/100 with 8 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 Private Assets SE KGaA (HAM:LSNA), the current Debt-to-EBITDA is 1.68 as of Dec. 2025. 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.

Private Assets SE KGaA Business Description

Address Brook 1, Hamburg, DEU, 20457
Private Assets SE & Co KGaA is a Hamburg-based investment company that specializes in corporate investments in special situations. It invests in companies with open succession issues, corporate spin-offs, and medium-sized companies that are currently underperforming.
20GF Score

Get the complete analysis for HAM:LSNA

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

€3.20
Price