Netas Telekomunikasyon AS (IST:NETAS) Debt-to-EBITDA : 13.32 (As of Dec. 2025) — 131% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:NETAS Netas Telekomunikasyon AS IST:NETAS
47 GF Score
Price ₺61.55
GF Value ₺101.81
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Netas Telekomunikasyon AS Debt-to-EBITDA?

Netas Telekomunikasyon AS IST:NETAS -1.83% 47 Debt-to-EBITDA is 13.32 as of Dec. 2025, which is 131% above its 10-year median of 5.76. GuruFocus rates IST:NETAS with a GF Score™ of 47/100 and a GF Value™ of ₺101.81 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 1,791 Hardware companies, Netas Telekomunikasyon AS ranks worse than 94.97% on this metric.

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

Netas Telekomunikasyon AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was ₺2,100 Mil. Netas Telekomunikasyon AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was ₺862 Mil. Netas Telekomunikasyon AS's annualized EBITDA for the quarter that ended in Dec. 2025 was ₺222 Mil. Netas Telekomunikasyon AS's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 13.32.

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

IST:NETAS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.97   Med: 5.76   Max: 92.24
Current: 16.76

During the past 13 years, the highest Debt-to-EBITDA Ratio of Netas Telekomunikasyon AS was 92.24. The lowest was -2.97. And the median was 5.76.

IST:NETAS's Debt-to-EBITDA is ranked worse than
94.97% of 1791 companies
in the Hardware industry
Industry Median: 1.71 vs IST:NETAS: 16.76

Netas Telekomunikasyon AS  (IST:NETAS) 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.


Netas Telekomunikasyon AS Debt-to-EBITDA Related Terms


Netas Telekomunikasyon AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Netas Telekomunikasyon 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.

Netas Telekomunikasyon AS Debt-to-EBITDA Chart

Netas Telekomunikasyon 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 -2.97 6.37 4.26 15.54 16.93

Netas Telekomunikasyon AS Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
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 14.13 21.00 7.18 -104.03 13.32

IST:NETAS vs CSCO, MSI, HPE: Debt-to-EBITDA Comparison

For the Communication Equipment subindustry, Netas Telekomunikasyon 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.


Netas Telekomunikasyon AS Debt-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, Netas Telekomunikasyon AS's Debt-to-EBITDA distribution charts can be found below:

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


IST:NETAS
47GF Score
Netas Telekomunikasyon AS IST:NETAS
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Netas Telekomunikasyon AS Debt-to-EBITDA Calculation

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

Netas Telekomunikasyon 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
=(2099.546 + 862.271) / 174.908
=16.93

Netas Telekomunikasyon AS's annualized Debt-to-EBITDA for the quarter 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
=(2099.546 + 862.271) / 222.32
=13.32

* 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 (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 13.32 mean?
Netas Telekomunikasyon AS (IST:NETAS) has a Debt-to-EBITDA of 13.32 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Netas Telekomunikasyon AS. This is 131% above median its historical median of 5.76. According to the industry distribution chart, Netas Telekomunikasyon AS ranks #1701 out of 1791 companies in the Hardware industry, placing it in the top 95%.
Is Netas Telekomunikasyon AS's Debt-to-EBITDA too high?
Netas Telekomunikasyon AS's current Debt-to-EBITDA of 13.32 is 131% above median its 10-year median of 5.76. The Hardware industry median Debt-to-EBITDA is 1.71. Netas Telekomunikasyon AS's value of 13.32 is 678.9% above this industry median. Based on the distribution chart, Netas Telekomunikasyon AS ranks #1701 out of 1791 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Netas Telekomunikasyon AS has a GF Score™ of 47/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Netas Telekomunikasyon AS's Debt-to-EBITDA compare to CSCO and MSI?
According to the Hardware industry distribution chart, Netas Telekomunikasyon AS ranks #1701 out of 1791 companies for Debt-to-EBITDA. This places Netas Telekomunikasyon AS in the lower half of its industry. The industry median Debt-to-EBITDA is 1.71. Netas Telekomunikasyon AS's value of 13.32 is 678.9% above this benchmark. While the company's 10-year median is 5.76 vs. the industry median of 1.71, Netas Telekomunikasyon 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,791 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. Netas Telekomunikasyon AS's current Debt-to-EBITDA of 13.32 is 678.9% 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 Netas Telekomunikasyon AS. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Netas Telekomunikasyon AS's current Debt-to-EBITDA is 13.32, which is 131% above median its own 10-year median of 5.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Netas Telekomunikasyon AS stock overvalued right now?
Based on GuruFocus' analysis, Netas Telekomunikasyon AS (IST:NETAS) is currently considered Possible Value Trap. The stock's GF Value™ is ₺101.81, compared to a current price of ₺61.55 — trading 39.5% below its estimated fair value. The current Debt-to-EBITDA is 13.32, which is 131% above median its 10-year median of 5.76 and 678.9% above the Hardware industry median of 1.71. Netas Telekomunikasyon AS's overall GF Score™ is 47/100 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 Netas Telekomunikasyon AS (IST:NETAS), the current Debt-to-EBITDA is 13.32 as of Dec. 2025. 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 Netas Telekomunikasyon AS (IST:NETAS) Overvalued in 2026?

Based on GuruFocus' analysis, Netas Telekomunikasyon AS stock appears to be undervalued. The current stock price of ₺61.55 is trading 39.5% below its estimated GF Value™ of ₺101.81. GuruFocus considers Netas Telekomunikasyon AS to be Possible Value Trap.

Key valuation signals for IST:NETAS:

  • Debt-to-EBITDA: 13.32 (131% above median its 10-year median of 5.76)
  • GF Value™: ₺101.81 vs. price of ₺61.55 (39.5% below fair value)
  • GF Score™: 47/100 with 4 warning signs
  • Industry Position: 678.9% above the Hardware median (#1701 of 1791)

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


Netas Telekomunikasyon AS Business Description

Address Osmanli Bulvari, Aeropark Sitesi B Blok No:11B Kapi, Ic Kapi No:40, Yenisehir Mahallesi, Istanbul, TUR, 34912
Netas Telekomunikasyon AS is engaged in the manufacture and trade of telecommunication equipment, project installation services, technical support, repair and maintenance services, IT services, strategic outsourcing services, implementation activities, and associated services. The group continues to provide end-to-end solutions and technology services to service providers and institutions in local and international markets. Its solutions and services are Cyber Security Solutions, New Generation Data Center, Localized Solutions, Mobile Broadband Solutions, Managed Services, Cyber Security Operation Center, Netas Network Operation Center, Informatics Support Services, and Others. Its operating segments are: Telecom, System Integration, Technology, and BDH.
47GF Score

Get the complete analysis for IST:NETAS

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

₺61.55
Price
₺101.81
GF Value