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Power Assets HoldingsHGKGF 77 Debt-to-EBITDA is 0.49 as of Dec. 2025, which is 6% below its 10-year median of 0.52. GuruFocus rates HGKGF with a GF Score™ of 77/100 and a GF Value™ of $3.63. The stock has 4 warning signs investors should review. Among 343 Utilities - Independent Power Producers companies, Power Assets Holdings ranks better than 90.67% 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 Power Assets Holdings's Debt-to-EBITDA or its related term are showing as below:
HGKGF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.39 Med: 0.52 Max: 1.28
Current: 0.5
During the past 13 years, the highest Debt-to-EBITDA Ratio of Power Assets Holdings was 1.28. The lowest was 0.39. And the median was 0.52.
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.
Power Assets Holdings Debt-to-EBITDA Related Terms
Power Assets Holdings Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Power Assets Holdings'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.
For the Utilities - Independent Power Producers subindustry, Power Assets Holdings'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.
Power Assets Holdings Debt-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Power Assets Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Power Assets Holdings'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 two times the quarterly (Dec. 2025) EBITDA data.
Power Assets Holdings (HGKGF) has a Debt-to-EBITDA of 0.49 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 Power Assets Holdings. This is near median its historical median of 0.52. Over the past decade, Power Assets Holdings' Debt-to-EBITDA has ranged from 0.39 to 1.28. According to the industry distribution chart, Power Assets Holdings ranks #32 out of 343 companies in the Utilities - Independent Power Producers industry, placing it in the top 9.3%.
Is Power Assets Holdings' Debt-to-EBITDA too high?
Power Assets Holdings' current Debt-to-EBITDA of 0.49 is near median its 10-year median of 0.52. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 1.28. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.69. Power Assets Holdings' value of 0.49 is 89.6% below this industry median. Based on the distribution chart, Power Assets Holdings ranks #32 out of 343 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Power Assets Holdings has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Power Assets Holdings' Debt-to-EBITDA compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Power Assets Holdings ranks #32 out of 343 companies for Debt-to-EBITDA. This places Power Assets Holdings in the top 9% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 4.69. Power Assets Holdings' value of 0.49 is 89.6% below this benchmark. Historically, Power Assets Holdings' own Debt-to-EBITDA has ranged from 0.39 to 1.28 over the past decade. While the company's 10-year median is 0.52 vs. the industry median of 4.69, Power Assets Holdings 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 Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.69, based on 343 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. Power Assets Holdings's current Debt-to-EBITDA of 0.49 is 89.6% 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 Power Assets Holdings. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Power Assets Holdings's current Debt-to-EBITDA is 0.49, which is near median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Power Assets Holdings stock overvalued right now?
Power Assets Holdings (HGKGF) has a current Debt-to-EBITDA of 0.49. The stock's GF Value™ is $3.63, compared to a current price of $8.57 — trading 136.1% above its estimated fair value. The current Debt-to-EBITDA is 0.49, which is near median its 10-year median of 0.52 and 89.6% below the Utilities - Independent Power Producers industry median of 4.69. Power Assets Holdings' overall GF Score™ is 77/100 with 4 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 Power Assets Holdings (HGKGF), the current Debt-to-EBITDA is 0.49 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.
Is Power Assets Holdings (HGKGF) Overvalued in 2026?
Based on GuruFocus' analysis, Power Assets Holdings stock appears to be overvalued.
The current stock price of $8.57 is trading 136.1% above its estimated GF Value™ of $3.63.
Key valuation signals for HGKGF:
Debt-to-EBITDA: 0.49 (near median its 10-year median of 0.52)
GF Value™: $3.63 vs. price of $8.57 (136.1% above fair value)
Industry Position: 89.6% below the Utilities - Independent Power Producers median (#32 of 343)
No single metric tells the full story. See the HGKGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Power Assets Holdings is an investment holding company with a focus on regulated utility assets. The firm owns a portfolio of regulated electricity and gas assets and similarly stable utilities in Hong Kong, the UK, Australia, Canada, the Netherlands, Thailand, and New Zealand. Profit from its regulated assets contributes around 80% of total income, with earnings from its UK and Australian assets totaling around 65% of group profit. The firm is part of CK Hutchison Holdings, a Hong Kong-based multinational conglomerate, and is currently 36% owned by CKI Holdings.
77GF Score
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