Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) Debt-to-EBITDA : 2.31 (As of Mar. 2026) — 230% Above Median


IST:ASELS Aselsan Elektronik Sanayi Ve Ticaret AS IST:ASELS
79 GF Score
Price ₺370.00
GF Value ₺116.12
Valuation Significantly Overvalued
! 4 Warning Signs
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What is Aselsan Elektroniknayi Ve Ticaret AS Debt-to-EBITDA?

Aselsan Elektroniknayi Ve Ticaret AS IST:ASELS +3.14% 79 Debt-to-EBITDA is 2.31 as of Mar. 2026, which is 230% above its 10-year median of 0.70. GuruFocus rates IST:ASELS with a GF Score™ of 79/100 and a GF Value™ of ₺116.12 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 254 Aerospace & Defense companies, Aselsan Elektroniknayi Ve Ticaret AS ranks better than 62.6% on this metric.

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

Aselsan Elektroniknayi Ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺48,771 Mil. Aselsan Elektroniknayi Ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺4,319 Mil. Aselsan Elektroniknayi Ve Ticaret AS's annualized EBITDA for the quarter that ended in Mar. 2026 was ₺22,977 Mil. Aselsan Elektroniknayi Ve Ticaret AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.31.

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 Aselsan Elektroniknayi Ve Ticaret AS's Debt-to-EBITDA or its related term are showing as below:

IST:ASELS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.31   Med: 0.7   Max: 5
Current: 1.2

During the past 13 years, the highest Debt-to-EBITDA Ratio of Aselsan Elektroniknayi Ve Ticaret AS was 5.00. The lowest was 0.31. And the median was 0.70.

IST:ASELS's Debt-to-EBITDA is ranked better than
62.6% of 254 companies
in the Aerospace & Defense industry
Industry Median: 1.83 vs IST:ASELS: 1.20

Aselsan Elektroniknayi Ve Ticaret AS  (IST:ASELS) 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.


Aselsan Elektroniknayi Ve Ticaret AS Debt-to-EBITDA Related Terms


Aselsan Elektroniknayi Ve Ticaret AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Aselsan Elektroniknayi 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.

Aselsan Elektroniknayi Ve Ticaret AS Debt-to-EBITDA Chart

Aselsan Elektroniknayi Ve Ticaret 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 0.67 5.00 1.46 2.04 1.13

Aselsan Elektroniknayi Ve Ticaret 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 -15.64 6.17 1.18 0.37 2.31

IST:ASELS vs SPCX, GE, RTX: Debt-to-EBITDA Comparison

For the Aerospace & Defense subindustry, Aselsan Elektroniknayi 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.


Aselsan Elektroniknayi Ve Ticaret AS Debt-to-EBITDA vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Aselsan Elektroniknayi Ve Ticaret AS's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Aselsan Elektroniknayi Ve Ticaret AS's Debt-to-EBITDA falls into.


IST:ASELS
79GF Score
Aselsan Elektronik Sanayi Ve Ticaret AS IST:ASELS
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Aselsan Elektroniknayi Ve Ticaret AS Debt-to-EBITDA Calculation

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

Aselsan Elektroniknayi 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
=(38033.949 + 5031.887) / 38190.425
=1.13

Aselsan Elektroniknayi 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
=(48770.558 + 4319.259) / 22977.484
=2.31

* 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 2.31 mean?
Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) has a Debt-to-EBITDA of 2.31 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 Aselsan Elektroniknayi Ve Ticaret AS. This is 230% above median its historical median of 0.70. Over the past decade, Aselsan Elektroniknayi Ve Ticaret AS's Debt-to-EBITDA has ranged from 0.31 to 5.00. According to the industry distribution chart, Aselsan Elektroniknayi Ve Ticaret AS ranks #95 out of 254 companies in the Aerospace & Defense industry, placing it in the top 37.4%.
Is Aselsan Elektroniknayi Ve Ticaret AS's Debt-to-EBITDA too high?
Aselsan Elektroniknayi Ve Ticaret AS's current Debt-to-EBITDA of 2.31 is 230% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 5.00. The Aerospace & Defense industry median Debt-to-EBITDA is 1.83. Aselsan Elektroniknayi Ve Ticaret AS's value of 2.31 is 26.2% above this industry median. Based on the distribution chart, Aselsan Elektroniknayi Ve Ticaret AS ranks #95 out of 254 companies in the Aerospace & Defense industry, which is above the industry midpoint. Overall, Aselsan Elektroniknayi Ve Ticaret AS has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Aselsan Elektroniknayi Ve Ticaret AS's Debt-to-EBITDA compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Aselsan Elektroniknayi Ve Ticaret AS ranks #95 out of 254 companies for Debt-to-EBITDA. This puts Aselsan Elektroniknayi Ve Ticaret AS in the upper half of its industry. The industry median Debt-to-EBITDA is 1.83. Aselsan Elektroniknayi Ve Ticaret AS's value of 2.31 is 26.2% above this benchmark. Historically, Aselsan Elektroniknayi Ve Ticaret AS's own Debt-to-EBITDA has ranged from 0.31 to 5.00 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 1.83, Aselsan Elektroniknayi 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 an Aerospace & Defense company?
The median Debt-to-EBITDA among Aerospace & Defense companies is 1.83, based on 254 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. Aselsan Elektroniknayi Ve Ticaret AS's current Debt-to-EBITDA of 2.31 is 26.2% 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 Aselsan Elektroniknayi Ve Ticaret AS. For the Aerospace & Defense industry, the median Debt-to-EBITDA is 1.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Aselsan Elektroniknayi Ve Ticaret AS's current Debt-to-EBITDA is 2.31, which is 230% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Aselsan Elektroniknayi Ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺116.12, compared to a current price of ₺370.00 — trading 218.6% above its estimated fair value. The current Debt-to-EBITDA is 2.31, which is 230% above median its 10-year median of 0.70 and 26.2% above the Aerospace & Defense industry median of 1.83. Aselsan Elektroniknayi Ve Ticaret AS's overall GF Score™ is 79/100 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 Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS), the current Debt-to-EBITDA is 2.31 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 Aselsan Elektroniknayi Ve Ticaret AS (IST:ASELS) Overvalued in 2026?

Based on GuruFocus' analysis, Aselsan Elektroniknayi Ve Ticaret AS stock appears to be overvalued. The current stock price of ₺370.00 is trading 218.6% above its estimated GF Value™ of ₺116.12. GuruFocus considers Aselsan Elektroniknayi Ve Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:ASELS:

  • Debt-to-EBITDA: 2.31 (230% above median its 10-year median of 0.70)
  • GF Value™: ₺116.12 vs. price of ₺370.00 (218.6% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 26.2% above the Aerospace & Defense median (#95 of 254)

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


Aselsan Elektroniknayi Ve Ticaret AS Business Description

Address Mehmet Akif Ersoy Mahallesi 296, Cadde No.16, Yenimahalle, Ankara, TUR, 06370
Aselsan Elektronik Sanayi Ve Ticaret AS provides defense technologies to the Turkish armed forces. Additionally, it exports systems and solutions to clients in other countries and has taken on civil projects. Its products may help with communications, radars, sensing, or other defense systems to enhance proficiencies within the industrials sector. Marketing efforts may be geared toward a specific customer or specific segment in the market, and plans are implemented to showcase product capabilities.
79GF Score

Get the complete analysis for IST:ASELS

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

₺370.00
Price
₺116.12
GF Value