Celebi Hava Servisi AS (IST:CLEBI) Debt-to-EBITDA : 3.73 (As of Mar. 2026) — 68% Above Median

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IST:CLEBI Celebi Hava Servisi AS IST:CLEBI
73 GF Score
Price ₺1,453.00
GF Value ₺2,315.40
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Celebi Hava Servisi AS Debt-to-EBITDA?

Celebi Hava Servisi AS IST:CLEBI +0.14% 73 Debt-to-EBITDA is 3.73 as of Mar. 2026, which is 68% above its 10-year median of 2.22. GuruFocus rates IST:CLEBI with a GF Score™ of 73/100 and a GF Value™ of ₺2,315.40 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 865 Transportation companies, Celebi Hava Servisi AS ranks better than 57.23% on this metric.

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

Celebi Hava Servisi AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺4,101 Mil. Celebi Hava Servisi AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺6,946 Mil. Celebi Hava Servisi AS's annualized EBITDA for the quarter that ended in Mar. 2026 was ₺2,961 Mil. Celebi Hava Servisi AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.73.

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 Celebi Hava Servisi AS's Debt-to-EBITDA or its related term are showing as below:

IST:CLEBI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.48   Med: 2.22   Max: 7.18
Current: 2.2

During the past 13 years, the highest Debt-to-EBITDA Ratio of Celebi Hava Servisi AS was 7.18. The lowest was 1.48. And the median was 2.22.

IST:CLEBI's Debt-to-EBITDA is ranked better than
57.23% of 865 companies
in the Transportation industry
Industry Median: 2.64 vs IST:CLEBI: 2.20

Celebi Hava Servisi AS  (IST:CLEBI) 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.


Celebi Hava Servisi AS Debt-to-EBITDA Related Terms


Celebi Hava Servisi AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Celebi Hava Servisi 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.

Celebi Hava Servisi AS Debt-to-EBITDA Chart

Celebi Hava Servisi 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 2.83 1.48 1.71 1.49 2.00

Celebi Hava Servisi 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 2.63 4.21 1.14 2.16 3.73

IST:CLEBI vs JOBY, CAAP: Debt-to-EBITDA Comparison

For the Airports & Air Services subindustry, Celebi Hava Servisi 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.


Celebi Hava Servisi AS Debt-to-EBITDA vs Transportation Industry

For the Transportation industry and Industrials sector, Celebi Hava Servisi AS's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Celebi Hava Servisi AS's Debt-to-EBITDA falls into.


IST:CLEBI
73GF Score
Celebi Hava Servisi AS IST:CLEBI
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Celebi Hava Servisi AS Debt-to-EBITDA Calculation

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

Celebi Hava Servisi 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
=(3446.383 + 7261.622) / 5359.96
=2.00

Celebi Hava Servisi 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
=(4101.376 + 6946.395) / 2961.068
=3.73

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.73 mean?
Celebi Hava Servisi AS (IST:CLEBI) has a Debt-to-EBITDA of 3.73 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 Celebi Hava Servisi AS. This is 68% above median its historical median of 2.22. Over the past decade, Celebi Hava Servisi AS's Debt-to-EBITDA has ranged from 1.48 to 7.18. According to the industry distribution chart, Celebi Hava Servisi AS ranks #370 out of 865 companies in the Transportation industry, placing it in the top 42.8%.
Is Celebi Hava Servisi AS's Debt-to-EBITDA too high?
Celebi Hava Servisi AS's current Debt-to-EBITDA of 3.73 is 68% above median its 10-year median of 2.22. Over the past 10 years, this metric has ranged from a low of 1.48 to a high of 7.18. The Transportation industry median Debt-to-EBITDA is 2.64. Celebi Hava Servisi AS's value of 3.73 is 41.3% above this industry median. Based on the distribution chart, Celebi Hava Servisi AS ranks #370 out of 865 companies in the Transportation industry, which is above the industry midpoint. Overall, Celebi Hava Servisi AS has a GF Score™ of 73/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Celebi Hava Servisi AS's Debt-to-EBITDA compare to JOBY and CAAP?
According to the Transportation industry distribution chart, Celebi Hava Servisi AS ranks #370 out of 865 companies for Debt-to-EBITDA. This puts Celebi Hava Servisi AS in the upper half of its industry. The industry median Debt-to-EBITDA is 2.64. Celebi Hava Servisi AS's value of 3.73 is 41.3% above this benchmark. Historically, Celebi Hava Servisi AS's own Debt-to-EBITDA has ranged from 1.48 to 7.18 over the past decade. While the company's 10-year median is 2.22 vs. the industry median of 2.64, Celebi Hava Servisi 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 Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.64, based on 865 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. Celebi Hava Servisi AS's current Debt-to-EBITDA of 3.73 is 41.3% 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 Celebi Hava Servisi AS. For the Transportation industry, the median Debt-to-EBITDA is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Celebi Hava Servisi AS's current Debt-to-EBITDA is 3.73, which is 68% above median its own 10-year median of 2.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Celebi Hava Servisi AS stock overvalued right now?
Based on GuruFocus' analysis, Celebi Hava Servisi AS (IST:CLEBI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₺2,315.40, compared to a current price of ₺1,453.00 — trading 37.2% below its estimated fair value. The current Debt-to-EBITDA is 3.73, which is 68% above median its 10-year median of 2.22 and 41.3% above the Transportation industry median of 2.64. Celebi Hava Servisi AS's overall GF Score™ is 73/100 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 Celebi Hava Servisi AS (IST:CLEBI), the current Debt-to-EBITDA is 3.73 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 Celebi Hava Servisi AS (IST:CLEBI) Overvalued in 2026?

Based on GuruFocus' analysis, Celebi Hava Servisi AS stock appears to be undervalued. The current stock price of ₺1,453.00 is trading 37.2% below its estimated GF Value™ of ₺2,315.40. GuruFocus considers Celebi Hava Servisi AS to be Significantly Undervalued.

Key valuation signals for IST:CLEBI:

  • Debt-to-EBITDA: 3.73 (68% above median its 10-year median of 2.22)
  • GF Value™: ₺2,315.40 vs. price of ₺1,453.00 (37.2% below fair value)
  • GF Score™: 73/100 with 5 warning signs
  • Industry Position: 41.3% above the Transportation median (#370 of 865)

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


Celebi Hava Servisi AS Business Description

Address Tayakadin Mahallesi, Nuri Demirag Caddesi No: 39, Arnavutkoy, Istanbul, TUR, 34768
Celebi Hava Servisi AS is a supplier of ground handling services to the aviation industry. The company's primary operating segment includes Ground Handling Services and Cargo and Warehouse Services. Other services include Bridge operation, Lounge, General Aviation and Platinum. It generates maximum revenue from the Ground Handling Services segment. Geographically, it operates in Turkey, Hungary, India, Spain, Tanzania and Germany.
73GF Score

Get the complete analysis for IST:CLEBI

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

₺1,453.00
Price
₺2,315.40
GF Value