Nuernberger Beteiligungs AG (HAM:NBG6) Debt-to-EBITDA : N/A (As of Dec. 2025)

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:NBG6 Nuernberger Beteiligungs AG HAM:NBG6
58 GF Score
Price €126.50
GF Value €68.57
! 5 Warning Signs
View Full Analysis

What is Nuernberger Beteiligungs AG Debt-to-EBITDA?

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

Nuernberger Beteiligungs AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €0 Mil. Nuernberger Beteiligungs AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €110 Mil. Nuernberger Beteiligungs AG's annualized EBITDA for the quarter that ended in Dec. 2025 was €0 Mil.

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 Nuernberger Beteiligungs AG's Debt-to-EBITDA or its related term are showing as below:

During the past 13 years, the highest Debt-to-EBITDA Ratio of Nuernberger Beteiligungs AG was 0.27. The lowest was 0.22. And the median was 0.25.

HAM:NBG6's Debt-to-EBITDA is not ranked *
in the Insurance industry.
Industry Median: 1.25
* Ranked among companies with meaningful Debt-to-EBITDA only.

Nuernberger Beteiligungs AG  (HAM:NBG6) 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.

Nuernberger Beteiligungs AG Debt-to-EBITDA Related Terms

Nuernberger Beteiligungs AG Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Nuernberger Beteiligungs AG'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.

Nuernberger Beteiligungs AG Debt-to-EBITDA Chart

Nuernberger Beteiligungs AG 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 0.27 N/A N/A N/A N/A

Nuernberger Beteiligungs AG Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 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 N/A N/A N/A N/A N/A

HAM:NBG6 vs BRK.A, AIG, HIG: Debt-to-EBITDA Comparison

For the Insurance - Diversified subindustry, Nuernberger Beteiligungs AG'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.

Nuernberger Beteiligungs AG Debt-to-EBITDA vs Insurance Industry

For the Insurance industry and Financial Services sector, Nuernberger Beteiligungs AG's Debt-to-EBITDA distribution charts can be found below:

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


HAM:NBG6
58GF Score
Nuernberger Beteiligungs AG HAM:NBG6
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nuernberger Beteiligungs AG Debt-to-EBITDA Calculation

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

Nuernberger Beteiligungs AG'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
=(0 + 110.447) / N/A
=N/A

Nuernberger Beteiligungs AG'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
=(0 + 110.447) / 0
=N/A

* 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.

Is Nuernberger Beteiligungs AG (HAM:NBG6) Overvalued in 2026?

Based on GuruFocus' analysis, Nuernberger Beteiligungs AG stock appears to be overvalued. The current stock price of €126.50 is trading 84.5% above its estimated GF Value™ of €68.57.

Key valuation signals for HAM:NBG6:

  • Debt-to-EBITDA: N/A
  • GF Value™: €68.57 vs. price of €126.50 (84.5% above fair value)
  • GF Score™: 58/100 with 5 warning signs

No single metric tells the full story. See the HAM:NBG6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Nuernberger Beteiligungs AG Business Description

Other Exchanges NBG6:Germany
Address Ostendstrasse 100, Nuernberg, DEU, 90334
Nuernberger Beteiligungs AG operates in the German financial services domain. Its prime focus is on offering insurance products that span the life, health, and property insurance products. The Life business area comprises of the company's subsidiaries engaged in the provision of life insurances, disability insurance, occupational pensions and various forms of risk insurance, and pension funds. The Health segment is concerned with the provision of health and supplementary insurance and the property insurance segment is responsible for the activities related to in property, casualty, accident insurance, as well as reinsurance. In addition, it provides banking services encompassing financial products, asset management, and investment services.
58GF Score

Get the complete analysis for HAM:NBG6

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

€126.50
Price
€68.57
GF Value