Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) Debt-to-EBITDA : -16.31 (As of Mar. 2026)

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IST:KARTN Kartonsan Karton Sanayi ve Ticaret AS IST:KARTN
41 GF Score
Price ₺211.00
GF Value ₺67.97
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Kartonsan Kartonnayi ve Ticaret AS Debt-to-EBITDA?

Kartonsan Kartonnayi ve Ticaret AS IST:KARTN -1.91% 41 Debt-to-EBITDA is -16.31 as of Mar. 2026. GuruFocus rates IST:KARTN with a GF Score™ of 41/100 and a GF Value™ of ₺67.97 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 333 Packaging & Containers companies, Kartonsan Kartonnayi ve Ticaret AS ranks worse than 300300% on this metric.

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

Kartonsan Kartonnayi ve Ticaret AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺524 Mil. Kartonsan Kartonnayi ve Ticaret AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺573 Mil. Kartonsan Kartonnayi ve Ticaret AS's annualized EBITDA for the quarter that ended in Mar. 2026 was ₺-67 Mil. Kartonsan Kartonnayi ve Ticaret AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -16.31.

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 Kartonsan Kartonnayi ve Ticaret AS's Debt-to-EBITDA or its related term are showing as below:

IST:KARTN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.88   Med: 0.01   Max: 0.74
Current: -2.16

During the past 13 years, the highest Debt-to-EBITDA Ratio of Kartonsan Kartonnayi ve Ticaret AS was 0.74. The lowest was -2.88. And the median was 0.01.

IST:KARTN's Debt-to-EBITDA is ranked worse than
100% of 333 companies
in the Packaging & Containers industry
Industry Median: 2.58 vs IST:KARTN: -2.16

Kartonsan Kartonnayi ve Ticaret AS  (IST:KARTN) 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.


Kartonsan Kartonnayi ve Ticaret AS Debt-to-EBITDA Related Terms


Kartonsan Kartonnayi ve Ticaret AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Kartonsan Kartonnayi 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.

Kartonsan Kartonnayi ve Ticaret AS Debt-to-EBITDA Chart

Kartonsan Kartonnayi 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 0.01 0.01 -0.01 -2.88 -1.35

Kartonsan Kartonnayi 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 -0.45 -0.66 -12.31 -1.21 -16.31

IST:KARTN vs SW, PKG, IP: Debt-to-EBITDA Comparison

For the Packaging & Containers subindustry, Kartonsan Kartonnayi 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.


Kartonsan Kartonnayi ve Ticaret AS Debt-to-EBITDA vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Kartonsan Kartonnayi ve Ticaret AS's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Kartonsan Kartonnayi ve Ticaret AS's Debt-to-EBITDA falls into.


IST:KARTN
41GF Score
Kartonsan Karton Sanayi ve Ticaret AS IST:KARTN
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kartonsan Kartonnayi ve Ticaret AS Debt-to-EBITDA Calculation

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

Kartonsan Kartonnayi 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
=(480.985 + 536.476) / -753.323
=-1.35

Kartonsan Kartonnayi 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
=(524.005 + 573.33) / -67.268
=-16.31

* 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 -16.31 mean?
Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) has a Debt-to-EBITDA of -16.31 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 Kartonsan Kartonnayi ve Ticaret AS. According to the industry distribution chart, Kartonsan Kartonnayi ve Ticaret AS ranks #999999 out of 333 companies in the Packaging & Containers industry.
Is Kartonsan Kartonnayi ve Ticaret AS's Debt-to-EBITDA too high?
Kartonsan Kartonnayi ve Ticaret AS's current Debt-to-EBITDA is -16.31. Based on the distribution chart, Kartonsan Kartonnayi ve Ticaret AS ranks #999999 out of 333 companies in the Packaging & Containers industry, which is in the bottom quartile relative to peers. Overall, Kartonsan Kartonnayi ve Ticaret AS has a GF Score™ of 41/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kartonsan Kartonnayi ve Ticaret AS's Debt-to-EBITDA compare to SW and PKG?
According to the Packaging & Containers industry distribution chart, Kartonsan Kartonnayi ve Ticaret AS ranks #999999 out of 333 companies for Debt-to-EBITDA. This places Kartonsan Kartonnayi ve Ticaret AS in the lower half of its industry. The industry median Debt-to-EBITDA is 2.58. 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 Packaging & Containers company?
The median Debt-to-EBITDA among Packaging & Containers companies is 2.58, based on 333 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. 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 Kartonsan Kartonnayi ve Ticaret AS. For the Packaging & Containers industry, the median Debt-to-EBITDA is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kartonsan Kartonnayi ve Ticaret AS's current Debt-to-EBITDA is -16.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kartonsan Kartonnayi ve Ticaret AS stock overvalued right now?
Based on GuruFocus' analysis, Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺67.97, compared to a current price of ₺211.00 — trading 210.4% above its estimated fair value. The current Debt-to-EBITDA is -16.31. Kartonsan Kartonnayi ve Ticaret AS's overall GF Score™ is 41/100 with 8 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 Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN), the current Debt-to-EBITDA is -16.31 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 Kartonsan Kartonnayi ve Ticaret AS (IST:KARTN) Overvalued in 2026?

Based on GuruFocus' analysis, Kartonsan Kartonnayi ve Ticaret AS stock appears to be overvalued. The current stock price of ₺211.00 is trading 210.4% above its estimated GF Value™ of ₺67.97. GuruFocus considers Kartonsan Kartonnayi ve Ticaret AS to be Significantly Overvalued.

Key valuation signals for IST:KARTN:

  • Debt-to-EBITDA: -16.31
  • GF Value™: ₺67.97 vs. price of ₺211.00 (210.4% above fair value)
  • GF Score™: 41/100 with 8 warning signs

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


Kartonsan Kartonnayi ve Ticaret AS Business Description

Address Prof. Dr. Bulent Tarcan Caddesi, No: 5 Pak Is Merkezi, Kat: 3, Gayrettepe, Istanbul, TUR, 34349
Kartonsan Karton Sanayi ve Ticaret AS is a Turkey-based company engaged in producing and trading of coated cardboard from recycled paper. Business activity of the group is operated through Ukraine, Bulgaria, Spain, Greece, Portugal, and Italy. Its portfolio includes product such as Normprint, Exprint and Luxtriplex, Normprint is multi-coated grey-backside cardboard with a blade top coat, which is used as a packaging material; Exprint, used in all types of packaging and detailed graphic printing and Luxtriplex, multi-coated cardboard with white backside which is ideal for all types of packaging, especially for food, cosmetics, pharmaceuticals. Kartonsan derives revenue through the sale of the products.
41GF Score

Get the complete analysis for IST:KARTN

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

₺211.00
Price
₺67.97
GF Value