ICE (Intercontinental Exchange) Debt-to-EBITDA : (As of Jun. 2026)

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ICE Intercontinental Exchange Inc ICE
88 GF Score
Price $155.47
GF Value $165.45
Valuation Fairly Valued
! 4 Warning Signs
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What is Intercontinental Exchange Debt-to-EBITDA?

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

Intercontinental Exchange's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $1,218 Mil. Intercontinental Exchange's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $19,309 Mil. Intercontinental Exchange's annualized EBITDA for the quarter that ended in Jun. 2026 was $7,524 Mil. Intercontinental Exchange's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 2.73.

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

ICE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.88   Med: 2.69   Max: 5.32
Current: 2.67

During the past 13 years, the highest Debt-to-EBITDA Ratio of Intercontinental Exchange was 5.32. The lowest was 1.88. And the median was 2.69.

ICE's Debt-to-EBITDA is ranked worse than
59.95% of 412 companies
in the Capital Markets industry
Industry Median: 1.66 vs ICE: 2.67

Intercontinental Exchange  (NYSE:ICE) 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.

Intercontinental Exchange Debt-to-EBITDA Related Terms

Intercontinental Exchange Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Intercontinental Exchange'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.

Intercontinental Exchange Debt-to-EBITDA Chart

Intercontinental Exchange Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
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Intercontinental Exchange Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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ICE vs MCO, CME, NDAQ: Debt-to-EBITDA Comparison

For the Financial Data & Stock Exchanges subindustry, Intercontinental Exchange'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.

Intercontinental Exchange Debt-to-EBITDA vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Intercontinental Exchange's Debt-to-EBITDA distribution charts can be found below:

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


ICE
88GF Score
Intercontinental Exchange Inc ICE
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Intercontinental Exchange Debt-to-EBITDA Calculation

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

Intercontinental Exchange'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
=(1072 + 19244) / 6709
=3.03

Intercontinental Exchange's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1218 + 19309) / 7524
=2.73

* 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 (Jun. 2026) EBITDA data.

Is Intercontinental Exchange (ICE) Overvalued in 2026?

Based on GuruFocus' analysis, Intercontinental Exchange stock appears to be undervalued. The current stock price of $155.47 is trading 6% below its estimated GF Value™ of $165.45. GuruFocus considers Intercontinental Exchange to be Fairly Valued.

Key valuation signals for ICE:

  • Debt-to-EBITDA:
  • GF Value™: $165.45 vs. price of $155.47 (6% below fair value)
  • GF Score™: 88/100 with 4 warning signs

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

Intercontinental Exchange Business Description

Address 5660 New Northside Drive, Atlanta, GA, USA, 30328
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 54% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (22% of net revenue) and fixed-income and data-services segment (24% of net revenue).
88GF Score

Get the complete analysis for ICE

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

$155.47
Price
$165.45
GF Value