Tekfen Holding AS (IST:TKFEN) Debt-to-EBITDA : 4.39 (As of Mar. 2026) — 112% Above Median

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IST:TKFEN Tekfen Holding AS IST:TKFEN
44 GF Score
Price ₺221.60
GF Value ₺50.08
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Tekfen Holding AS Debt-to-EBITDA?

Tekfen Holding AS IST:TKFEN -0.14% 44 Debt-to-EBITDA is 4.39 as of Mar. 2026, which is 112% above its 10-year median of 2.07. GuruFocus rates IST:TKFEN with a GF Score™ of 44/100 and a GF Value™ of ₺50.08 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 203 Agriculture companies, Tekfen Holding AS ranks worse than 98.52% on this metric.

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

Tekfen Holding AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺13,606 Mil. Tekfen Holding AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺1,565 Mil. Tekfen Holding AS's annualized EBITDA for the quarter that ended in Mar. 2026 was ₺3,454 Mil. Tekfen Holding AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 4.39.

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

IST:TKFEN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.39   Med: 2.07   Max: 29.09
Current: 29.09

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tekfen Holding AS was 29.09. The lowest was 0.39. And the median was 2.07.

IST:TKFEN's Debt-to-EBITDA is ranked worse than
98.52% of 203 companies
in the Agriculture industry
Industry Median: 2.04 vs IST:TKFEN: 29.09

Tekfen Holding AS  (IST:TKFEN) 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.


Tekfen Holding AS Debt-to-EBITDA Related Terms


Tekfen Holding AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tekfen Holding 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.

Tekfen Holding AS Debt-to-EBITDA Chart

Tekfen Holding 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 2.04 1.88 11.37 3.33 25.51

Tekfen Holding 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 6.07 -2.31 7.47 4.91 4.39

IST:TKFEN vs CTVA, CF, MOS: Debt-to-EBITDA Comparison

For the Agricultural Inputs subindustry, Tekfen Holding 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.


Tekfen Holding AS Debt-to-EBITDA vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, Tekfen Holding AS's Debt-to-EBITDA distribution charts can be found below:

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


IST:TKFEN
44GF Score
Tekfen Holding AS IST:TKFEN
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tekfen Holding AS Debt-to-EBITDA Calculation

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

Tekfen Holding 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
=(13090.304 + 1185.245) / 559.671
=25.51

Tekfen Holding 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
=(13605.65 + 1564.542) / 3454.456
=4.39

* 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 4.39 mean?
Tekfen Holding AS (IST:TKFEN) has a Debt-to-EBITDA of 4.39 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 Tekfen Holding AS. This is 112% above median its historical median of 2.07. Over the past decade, Tekfen Holding AS's Debt-to-EBITDA has ranged from 0.39 to 29.09. According to the industry distribution chart, Tekfen Holding AS ranks #200 out of 203 companies in the Agriculture industry, placing it in the top 98.5%.
Is Tekfen Holding AS's Debt-to-EBITDA too high?
Tekfen Holding AS's current Debt-to-EBITDA of 4.39 is 112% above median its 10-year median of 2.07. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 29.09. The Agriculture industry median Debt-to-EBITDA is 2.04. Tekfen Holding AS's value of 4.39 is 115.2% above this industry median. Based on the distribution chart, Tekfen Holding AS ranks #200 out of 203 companies in the Agriculture industry, which is in the bottom quartile relative to peers. Overall, Tekfen Holding AS has a GF Score™ of 44/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tekfen Holding AS's Debt-to-EBITDA compare to CTVA and CF?
According to the Agriculture industry distribution chart, Tekfen Holding AS ranks #200 out of 203 companies for Debt-to-EBITDA. This places Tekfen Holding AS in the lower half of its industry. The industry median Debt-to-EBITDA is 2.04. Tekfen Holding AS's value of 4.39 is 115.2% above this benchmark. Historically, Tekfen Holding AS's own Debt-to-EBITDA has ranged from 0.39 to 29.09 over the past decade. While the company's 10-year median is 2.07 vs. the industry median of 2.04, Tekfen Holding 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 Agriculture company?
The median Debt-to-EBITDA among Agriculture companies is 2.04, based on 203 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. Tekfen Holding AS's current Debt-to-EBITDA of 4.39 is 115.2% 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 Tekfen Holding AS. For the Agriculture industry, the median Debt-to-EBITDA is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tekfen Holding AS's current Debt-to-EBITDA is 4.39, which is 112% above median its own 10-year median of 2.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tekfen Holding AS stock overvalued right now?
Based on GuruFocus' analysis, Tekfen Holding AS (IST:TKFEN) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺50.08, compared to a current price of ₺221.60 — trading 342.5% above its estimated fair value. The current Debt-to-EBITDA is 4.39, which is 112% above median its 10-year median of 2.07 and 115.2% above the Agriculture industry median of 2.04. Tekfen Holding AS's overall GF Score™ is 44/100 with 10 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 Tekfen Holding AS (IST:TKFEN), the current Debt-to-EBITDA is 4.39 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 Tekfen Holding AS (IST:TKFEN) Overvalued in 2026?

Based on GuruFocus' analysis, Tekfen Holding AS stock appears to be overvalued. The current stock price of ₺221.60 is trading 342.5% above its estimated GF Value™ of ₺50.08. GuruFocus considers Tekfen Holding AS to be Significantly Overvalued.

Key valuation signals for IST:TKFEN:

  • Debt-to-EBITDA: 4.39 (112% above median its 10-year median of 2.07)
  • GF Value™: ₺50.08 vs. price of ₺221.60 (342.5% above fair value)
  • GF Score™: 44/100 with 10 warning signs
  • Industry Position: 115.2% above the Agriculture median (#200 of 203)

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


Tekfen Holding AS Business Description

Address Kultur Mahallesi, Tekfen Sitesi, Budak Sokak, A Blok, No. 7, Ulus-Besiktas, Istanbul, TUR, 34340
Tekfen Holding AS is a conglomerate that operates in below business lines: Engineering and Contracting; Agricultural Industry; and Investment. It generates maximum revenue from the Agricultural Industry segment. The Agricultural Industry segment is engaged in the production and sale of mineral fertilizers as well as special water soluble fertilizers and organic fertilizers. It also manufactures bags used in fertilizer packaging in its facility. Additionally, it generates biogas through the fermentation of organic wastes and electricity from biogas and also produces solid and liquid organic fertilizers from wastes that have completed the gasification process. Geographically, the company generates maximum revenue from Turkey and the rest from the CIS, the Middle East, and other regions.
44GF Score

Get the complete analysis for IST:TKFEN

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

₺221.60
Price
₺50.08
GF Value