Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Debt-to-EBITDA : 2.16 (As of Mar. 2026) — 535% Above Median


IST:ALFAS Alfa Solar Enerji Sanayi Ve Ticaret AS IST:ALFAS
81 GF Score
Price ₺45.10
GF Value ₺32.53
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Alfa Solar Enerjinayi Ve Ticaret AS Debt-to-EBITDA?

Alfa Solar Enerjinayi Ve Ticaret AS IST:ALFAS +0.94% 81 Debt-to-EBITDA is 2.16 as of Mar. 2026, which is 535% above its 10-year median of 0.34. GuruFocus rates IST:ALFAS with a GF Score™ of 81/100 and a GF Value™ of ₺32.53 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 718 Semiconductors companies, Alfa Solar Enerjinayi Ve Ticaret AS ranks worse than 73.54% on this metric.

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

Alfa Solar Enerjinayi Ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺1,796 Mil. Alfa Solar Enerjinayi Ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺1,435 Mil. Alfa Solar Enerjinayi Ve Ticaret AS's annualized EBITDA for the quarter that ended in Mar. 2026 was ₺1,499 Mil. Alfa Solar Enerjinayi Ve Ticaret AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.16.

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 Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-EBITDA or its related term are showing as below:

IST:ALFAS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.04   Med: 0.34   Max: 5.87
Current: 3.74

During the past 7 years, the highest Debt-to-EBITDA Ratio of Alfa Solar Enerjinayi Ve Ticaret AS was 5.87. The lowest was 0.04. And the median was 0.34.

IST:ALFAS's Debt-to-EBITDA is ranked worse than
73.54% of 718 companies
in the Semiconductors industry
Industry Median: 1.445 vs IST:ALFAS: 3.74

Alfa Solar Enerjinayi Ve Ticaret AS  (IST:ALFAS) 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.


Alfa Solar Enerjinayi Ve Ticaret AS Debt-to-EBITDA Related Terms


Alfa Solar Enerjinayi Ve Ticaret AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Alfa Solar Enerjinayi Ve Ticaret AS'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.

Alfa Solar Enerjinayi Ve Ticaret AS Debt-to-EBITDA Chart

Alfa Solar Enerjinayi Ve Ticaret AS Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 0.34 0.04 0.24 2.26 5.87

Alfa Solar Enerjinayi Ve Ticaret AS Quarterly Data
Dec19 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 3.38 4.07 4.53 5.45 2.16

IST:ALFAS vs FSLR, NXT, ENPH: Debt-to-EBITDA Comparison

For the Solar subindustry, Alfa Solar Enerjinayi Ve Ticaret AS'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.


Alfa Solar Enerjinayi Ve Ticaret AS Debt-to-EBITDA vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-EBITDA falls into.


IST:ALFAS
81GF Score
Alfa Solar Enerji Sanayi Ve Ticaret AS IST:ALFAS
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Alfa Solar Enerjinayi Ve Ticaret AS Debt-to-EBITDA Calculation

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

Alfa Solar Enerjinayi Ve Ticaret AS'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
=(2056.552 + 1514.229) / 608.798
=5.87

Alfa Solar Enerjinayi Ve Ticaret AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1796.143 + 1435.366) / 1498.976
=2.16

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.16 mean?
Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) has a Debt-to-EBITDA of 2.16 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Alfa Solar Enerjinayi Ve Ticaret AS. This is 535% above median its historical median of 0.34. Over the past decade, Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-EBITDA has ranged from 0.04 to 5.87. According to the industry distribution chart, Alfa Solar Enerjinayi Ve Ticaret AS ranks #528 out of 718 companies in the Semiconductors industry, placing it in the top 73.5%.
Is Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-EBITDA too high?
Alfa Solar Enerjinayi Ve Ticaret AS's current Debt-to-EBITDA of 2.16 is 535% above median its 10-year median of 0.34. Over the past 10 years, this metric has ranged from a low of 0.04 to a high of 5.87. The Semiconductors industry median Debt-to-EBITDA is 1.45. Alfa Solar Enerjinayi Ve Ticaret AS's value of 2.16 is 49.5% above this industry median. Based on the distribution chart, Alfa Solar Enerjinayi Ve Ticaret AS ranks #528 out of 718 companies in the Semiconductors industry, which is below the industry midpoint. Overall, Alfa Solar Enerjinayi Ve Ticaret AS has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Alfa Solar Enerjinayi Ve Ticaret AS's Debt-to-EBITDA compare to FSLR and NXT?
According to the Semiconductors industry distribution chart, Alfa Solar Enerjinayi Ve Ticaret AS ranks #528 out of 718 companies for Debt-to-EBITDA. This places Alfa Solar Enerjinayi Ve Ticaret AS in the lower half of its industry. The industry median Debt-to-EBITDA is 1.45. Alfa Solar Enerjinayi Ve Ticaret AS's value of 2.16 is 49.5% above this benchmark. Historically, Alfa Solar Enerjinayi Ve Ticaret AS's own Debt-to-EBITDA has ranged from 0.04 to 5.87 over the past decade. While the company's 10-year median is 0.34 vs. the industry median of 1.45, Alfa Solar Enerjinayi Ve Ticaret AS 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 Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.45, based on 718 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. Alfa Solar Enerjinayi Ve Ticaret AS's current Debt-to-EBITDA of 2.16 is 49.5% 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 Alfa Solar Enerjinayi Ve Ticaret AS. For the Semiconductors industry, the median Debt-to-EBITDA is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alfa Solar Enerjinayi Ve Ticaret AS's current Debt-to-EBITDA is 2.16, which is 535% above median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alfa Solar Enerjinayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺32.53, compared to a current price of ₺45.10 — trading 38.6% above its estimated fair value. The current Debt-to-EBITDA is 2.16, which is 535% above median its 10-year median of 0.34 and 49.5% above the Semiconductors industry median of 1.45. Alfa Solar Enerjinayi Ve Ticaret AS's overall GF Score™ is 81/100 with 10 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 Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS), the current Debt-to-EBITDA is 2.16 as of Mar. 2026. 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 Alfa Solar Enerjinayi Ve Ticaret AS (IST:ALFAS) Overvalued in 2026?

Based on GuruFocus' analysis, Alfa Solar Enerjinayi Ve Ticaret AS stock appears to be overvalued. The current stock price of ₺45.10 is trading 38.6% above its estimated GF Value™ of ₺32.53. GuruFocus considers Alfa Solar Enerjinayi Ve Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:ALFAS:

  • Debt-to-EBITDA: 2.16 (535% above median its 10-year median of 0.34)
  • GF Value™: ₺32.53 vs. price of ₺45.10 (38.6% above fair value)
  • GF Score™: 81/100 with 10 warning signs
  • Industry Position: 49.5% above the Semiconductors median (#528 of 718)

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


Alfa Solar Enerjinayi Ve Ticaret AS Business Description

Address Balgat Mahallesi Mevlana Boulevard, No 139/A, Floor 9, Apartment No - 31, Yelken Plaza, Cankaya, Ankara, TUR
Alfa Solar Enerji Sanayi Ve Ticaret AS engages in the manufacturing of photovoltaic (PV) panels in an ultra-modern facility. Its product portfolio comprises Polycrystalline Panels, Monocrystalline Panels, and half-cut panels.
81GF Score

Get the complete analysis for IST:ALFAS

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

₺45.10
Price
₺32.53
GF Value