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Turk Hava Yollari AOIST:THYAO -0.15%81 Debt-to-EBITDA is 4.95 as of Mar. 2026, which is 1% below its 10-year median of 4.99. GuruFocus rates IST:THYAO with a GF Score™ of 81/100 and a GF Value™ of ₺475.91 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 870 Transportation companies, Turk Hava Yollari AO ranks worse than 54.37% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Turk Hava Yollari AO's Debt-to-EBITDA or its related term are showing as below:
IST:THYAO'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.13 Med: 4.99 Max: 16.42
Current: 2.93
During the past 13 years, the highest Debt-to-EBITDA Ratio of Turk Hava Yollari AO was 16.42. The lowest was 2.13. And the median was 4.99.
IST:THYAO's Debt-to-EBITDA is ranked worse than 54.37% of 870
companies
in the Transportation industry
Industry Median: 2.645
vs IST:THYAO: 2.93
Turk Hava Yollari AO (IST:THYAO) Debt-to-EBITDA Explanation
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.
Turk Hava Yollari AO Debt-to-EBITDA Related Terms
Turk Hava Yollari AO Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Turk Hava Yollari AO'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.
IST:THYAO vs DAL, UAL, LUV: Debt-to-EBITDA Comparison
For the Airlines subindustry, Turk Hava Yollari AO'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.
Turk Hava Yollari AO Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Turk Hava Yollari AO's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Turk Hava Yollari AO's Debt-to-EBITDA falls into.
* 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.
Turk Hava Yollari AO (IST:THYAO) has a Debt-to-EBITDA of 4.95 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 Turk Hava Yollari AO. This is near median its historical median of 4.99. Over the past decade, Turk Hava Yollari AO's Debt-to-EBITDA has ranged from 2.13 to 16.42. According to the industry distribution chart, Turk Hava Yollari AO ranks #473 out of 870 companies in the Transportation industry, placing it in the top 54.4%.
Is Turk Hava Yollari AO's Debt-to-EBITDA too high?
Turk Hava Yollari AO's current Debt-to-EBITDA of 4.95 is near median its 10-year median of 4.99. Over the past 10 years, this metric has ranged from a low of 2.13 to a high of 16.42. The Transportation industry median Debt-to-EBITDA is 2.65. Turk Hava Yollari AO's value of 4.95 is 87.1% above this industry median. Based on the distribution chart, Turk Hava Yollari AO ranks #473 out of 870 companies in the Transportation industry, which is below the industry midpoint. Overall, Turk Hava Yollari AO has a GF Score™ of 81/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Turk Hava Yollari AO's Debt-to-EBITDA compare to DAL and UAL?
According to the Transportation industry distribution chart, Turk Hava Yollari AO ranks #473 out of 870 companies for Debt-to-EBITDA. This places Turk Hava Yollari AO in the lower half of its industry. The industry median Debt-to-EBITDA is 2.65. Turk Hava Yollari AO's value of 4.95 is 87.1% above this benchmark. Historically, Turk Hava Yollari AO's own Debt-to-EBITDA has ranged from 2.13 to 16.42 over the past decade. While the company's 10-year median is 4.99 vs. the industry median of 2.65, Turk Hava Yollari AO 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 2.65, based on 870 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. Turk Hava Yollari AO's current Debt-to-EBITDA of 4.95 is 87.1% 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 Turk Hava Yollari AO. For the Transportation industry, the median Debt-to-EBITDA is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Turk Hava Yollari AO's current Debt-to-EBITDA is 4.95, which is near median its own 10-year median of 4.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Turk Hava Yollari AO stock overvalued right now?
Based on GuruFocus' analysis, Turk Hava Yollari AO (IST:THYAO) is currently considered Possible Value Trap. The stock's GF Value™ is ₺475.91, compared to a current price of ₺329.50 — trading 30.8% below its estimated fair value. The current Debt-to-EBITDA is 4.95, which is near median its 10-year median of 4.99 and 87.1% above the Transportation industry median of 2.65. Turk Hava Yollari AO's overall GF Score™ is 81/100 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 Turk Hava Yollari AO (IST:THYAO), the current Debt-to-EBITDA is 4.95 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 Turk Hava Yollari AO (IST:THYAO) Overvalued in 2026?
Based on GuruFocus' analysis, Turk Hava Yollari AO stock appears to be undervalued.
The current stock price of ₺329.50 is trading 30.8% below its estimated GF Value™ of ₺475.91.
GuruFocus considers Turk Hava Yollari AO to be Possible Value Trap.
Key valuation signals for IST:THYAO:
Debt-to-EBITDA: 4.95 (near median its 10-year median of 4.99)
GF Value™: ₺475.91 vs. price of ₺329.50 (30.8% below fair value)
Industry Position: 87.1% above the Transportation median (#473 of 870)
No single metric tells the full story. See the IST:THYAO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Turk Hava Yollari AO is a Turkish airline operator. It has flight networks across the globe, and transports passengers to many different regions. Additionally, it can provide long-haul direct cargo flights and other logistics to serve a diverse range of customers. It has two operating segments: air transportation and aircraft technical maintenance operations. The majority of revenue is generated from transferring passengers and cargo (air transportation segment). The company owns several hangars to perform maintenance on different types of aircraft. Its geographical segments are Asia & Far East, Europe, Americas, Africa, and Middle East.
81GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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