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.
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.
AMTD DigitalHKD -2.92%63 Debt-to-EBITDA is 2.93 as of Oct. 2025, which is 7% above its 10-year median of 2.74. GuruFocus rates HKD with a GF Score™ of 63/100 and a GF Value™ of $4.81 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,727 Software companies, AMTD Digital ranks worse than 73.31% 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 AMTD Digital's Debt-to-EBITDA or its related term are showing as below:
HKD'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.5 Med: 2.74 Max: 5.51
Current: 2.74
During the past 7 years, the highest Debt-to-EBITDA Ratio of AMTD Digital was 5.51. The lowest was 2.50. And the median was 2.74.
HKD's Debt-to-EBITDA is ranked worse than 73.31% of 1727
companies
in the Software industry
Industry Median: 1.02
vs HKD: 2.74
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.
AMTD Digital Debt-to-EBITDA Related Terms
AMTD Digital Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for AMTD Digital'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.
HKD vs ALIT, OOMA, SMWB: Debt-to-EBITDA Comparison
For the Software - Application subindustry, AMTD Digital'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.
AMTD Digital Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, AMTD Digital's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where AMTD Digital'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 (Oct. 2025) EBITDA data.
AMTD Digital (HKD) has a Debt-to-EBITDA of 2.93 as of Oct. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on AMTD Digital. This is near median its historical median of 2.74. Over the past decade, AMTD Digital's Debt-to-EBITDA has ranged from 2.50 to 5.51. According to the industry distribution chart, AMTD Digital ranks #1266 out of 1727 companies in the Software industry, placing it in the top 73.3%.
Is AMTD Digital's Debt-to-EBITDA too high?
AMTD Digital's current Debt-to-EBITDA of 2.93 is near median its 10-year median of 2.74. Over the past 10 years, this metric has ranged from a low of 2.50 to a high of 5.51. The Software industry median Debt-to-EBITDA is 1.02. AMTD Digital's value of 2.93 is 187.3% above this industry median. Based on the distribution chart, AMTD Digital ranks #1266 out of 1727 companies in the Software industry, which is below the industry midpoint. Overall, AMTD Digital has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AMTD Digital's Debt-to-EBITDA compare to ALIT and OOMA?
According to the Software industry distribution chart, AMTD Digital ranks #1266 out of 1727 companies for Debt-to-EBITDA. This places AMTD Digital in the lower half of its industry. The industry median Debt-to-EBITDA is 1.02. AMTD Digital's value of 2.93 is 187.3% above this benchmark. Historically, AMTD Digital's own Debt-to-EBITDA has ranged from 2.50 to 5.51 over the past decade. While the company's 10-year median is 2.74 vs. the industry median of 1.02, AMTD Digital 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 Software company?
The median Debt-to-EBITDA among Software companies is 1.02, based on 1,727 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. AMTD Digital's current Debt-to-EBITDA of 2.93 is 187.3% 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 AMTD Digital. For the Software industry, the median Debt-to-EBITDA is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AMTD Digital's current Debt-to-EBITDA is 2.93, which is near median its own 10-year median of 2.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AMTD Digital stock overvalued right now?
Based on GuruFocus' analysis, AMTD Digital (HKD) is currently considered Possible Value Trap. The stock's GF Value™ is $4.81, compared to a current price of $1.66 — trading 65.5% below its estimated fair value. The current Debt-to-EBITDA is 2.93, which is near median its 10-year median of 2.74 and 187.3% above the Software industry median of 1.02. AMTD Digital's overall GF Score™ is 63/100 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 AMTD Digital (HKD), the current Debt-to-EBITDA is 2.93 as of Oct. 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 AMTD Digital (HKD) Overvalued in 2026?
Based on GuruFocus' analysis, AMTD Digital stock appears to be undervalued.
The current stock price of $1.66 is trading 65.5% below its estimated GF Value™ of $4.81.
GuruFocus considers AMTD Digital to be Possible Value Trap.
Key valuation signals for HKD:
Debt-to-EBITDA: 2.93 (near median its 10-year median of 2.74)
GF Value™: $4.81 vs. price of $1.66 (65.5% below fair value)
Industry Position: 187.3% above the Software median (#1266 of 1727)
No single metric tells the full story. See the HKD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AMTD Digital Inc along with its subsidiaries, is mainly involved in the provision of digital solutions services. Its reportable segments are digital solutions services segment; hotel operations, hospitality and VIP services segment; media and entertainment services segment; and Strategic investments. The company generates maximum revenue from Digital solutions services segment, which provides its institutional and corporate clients with exclusive, paid access to enhance their investor communication, investor relations and corporate communication to potentially maximize their valuation, as well as providing digital solution services. Geographically, the company generates revenue from China, Hong Kong, Europe, Americas and Southeast Asia.
63GF Score
Get the complete analysis for HKD
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKD has been successfully added to your 
