Arsan Holding AS (IST:ARSAN) Debt-to-EBITDA : 0.11 (As of Mar. 2026) — 76% Below Median

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IST:ARSAN Arsan Holding AS IST:ARSAN
52 GF Score
Price ₺3.28
GF Value ₺2.88
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Arsan Holding AS Debt-to-EBITDA?

Arsan Holding AS IST:ARSAN -1.50% 52 Debt-to-EBITDA is 0.11 as of Mar. 2026, which is 76% below its 10-year median of 0.46. GuruFocus rates IST:ARSAN with a GF Score™ of 52/100 and a GF Value™ of ₺2.88 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,405 Construction companies, Arsan Holding AS ranks better than 74.16% on this metric.

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

Arsan Holding AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺343.2 Mil. Arsan Holding AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺9.8 Mil. Arsan Holding AS's annualized EBITDA for the quarter that ended in Mar. 2026 was ₺3,251.4 Mil. Arsan Holding AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 0.11.

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 Arsan Holding AS's Debt-to-EBITDA or its related term are showing as below:

IST:ARSAN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.35   Med: 0.46   Max: 3
Current: 0.76

During the past 13 years, the highest Debt-to-EBITDA Ratio of Arsan Holding AS was 3.00. The lowest was -0.35. And the median was 0.46.

IST:ARSAN's Debt-to-EBITDA is ranked better than
74.16% of 1405 companies
in the Construction industry
Industry Median: 2.14 vs IST:ARSAN: 0.76

Arsan Holding AS  (IST:ARSAN) 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.


Arsan Holding AS Debt-to-EBITDA Related Terms


Arsan Holding AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Arsan Holding 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.

Arsan Holding AS Debt-to-EBITDA Chart

Arsan Holding AS 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 0.26 1.99 0.13 0.05 -0.35

Arsan Holding AS Quarterly Data
Jun21 Sep21 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 0.04 0.47 -0.04 -0.07 0.11

IST:ARSAN vs PWR, FIX, EME: Debt-to-EBITDA Comparison

For the Engineering & Construction subindustry, Arsan Holding 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.


Arsan Holding AS Debt-to-EBITDA vs Construction Industry

For the Construction industry and Industrials sector, Arsan Holding AS's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Arsan Holding AS's Debt-to-EBITDA falls into.


IST:ARSAN
52GF Score
Arsan Holding AS IST:ARSAN
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Arsan Holding AS Debt-to-EBITDA Calculation

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

Arsan Holding 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
=(18.52 + 19.11) / -108.039
=-0.35

Arsan Holding 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
=(343.179 + 9.753) / 3251.428
=0.11

* 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 0.11 mean?
Arsan Holding AS (IST:ARSAN) has a Debt-to-EBITDA of 0.11 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 Arsan Holding AS. This is 76% below median its historical median of 0.46. According to the industry distribution chart, Arsan Holding AS ranks #363 out of 1405 companies in the Construction industry, placing it in the top 25.8%.
Is Arsan Holding AS's Debt-to-EBITDA too high?
Arsan Holding AS's current Debt-to-EBITDA of 0.11 is 76% below median its 10-year median of 0.46. The Construction industry median Debt-to-EBITDA is 2.14. Arsan Holding AS's value of 0.11 is 94.9% below this industry median. Based on the distribution chart, Arsan Holding AS ranks #363 out of 1405 companies in the Construction industry, which is above the industry midpoint. Overall, Arsan Holding AS has a GF Score™ of 52/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Arsan Holding AS's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Arsan Holding AS ranks #363 out of 1405 companies for Debt-to-EBITDA. This puts Arsan Holding AS in the upper half of its industry. The industry median Debt-to-EBITDA is 2.14. Arsan Holding AS's value of 0.11 is 94.9% below this benchmark. While the company's 10-year median is 0.46 vs. the industry median of 2.14, Arsan Holding AS 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 a Construction company?
The median Debt-to-EBITDA among Construction companies is 2.14, based on 1,405 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. Arsan Holding AS's current Debt-to-EBITDA of 0.11 is 94.9% 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 Arsan Holding AS. For the Construction industry, the median Debt-to-EBITDA is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Arsan Holding AS's current Debt-to-EBITDA is 0.11, which is 76% below median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arsan Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Arsan Holding AS (IST:ARSAN) is currently considered Modestly Overvalued. The stock's GF Value™ is ₺2.88, compared to a current price of ₺3.28 — trading 13.9% above its estimated fair value. The current Debt-to-EBITDA is 0.11, which is 76% below median its 10-year median of 0.46 and 94.9% below the Construction industry median of 2.14. Arsan Holding AS's overall GF Score™ is 52/100 with 5 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 Arsan Holding AS (IST:ARSAN), the current Debt-to-EBITDA is 0.11 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 Arsan Holding AS (IST:ARSAN) Overvalued in 2026?

Based on GuruFocus' analysis, Arsan Holding AS stock appears to be overvalued. The current stock price of ₺3.28 is trading 13.9% above its estimated GF Value™ of ₺2.88. GuruFocus considers Arsan Holding AS to be Modestly Overvalued.

Key valuation signals for IST:ARSAN:

  • Debt-to-EBITDA: 0.11 (76% below median its 10-year median of 0.46)
  • GF Value™: ₺2.88 vs. price of ₺3.28 (13.9% above fair value)
  • GF Score™: 52/100 with 5 warning signs
  • Industry Position: 94.9% below the Construction median (#363 of 1405)

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


Arsan Holding AS Business Description

Address Ataturk Street, No: 69/300, Sahrayicedit Neighborhood, Kadikoy, Istanbul, TUR
Arsan Holding AS is a Turkey-based company involved in the Investment of infrastructure construction (water systems, dams, treatment plants), iron-steel production, energy generation (hydropower), natural gas distribution, and other industrial investments.
52GF Score

Get the complete analysis for IST:ARSAN

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

₺3.28
Price
₺2.88
GF Value