Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) Debt-to-EBITDA : 3.65 (As of Mar. 2026) — 329% Above Median

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IST:VESBE Vestel Beyaz Esa Ticaret Sanayi AS IST:VESBE
65 GF Score
Price ₺5.81
GF Value ₺11.18
Valuation Possible Value Trap
! 9 Warning Signs
View Full Analysis

What is Vestel Beyaz Esa Ticaretnayi AS Debt-to-EBITDA?

Vestel Beyaz Esa Ticaretnayi AS IST:VESBE +1.40% 65 Debt-to-EBITDA is 3.65 as of Mar. 2026, which is 329% above its 10-year median of 0.85. GuruFocus rates IST:VESBE with a GF Score™ of 65/100 and a GF Value™ of ₺11.18 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 331 Furnishings, Fixtures & Appliances companies, Vestel Beyaz Esa Ticaretnayi AS ranks worse than 79.76% on this metric.

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

Vestel Beyaz Esa Ticaretnayi AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺17,354 Mil. Vestel Beyaz Esa Ticaretnayi AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺7,252 Mil. Vestel Beyaz Esa Ticaretnayi AS's annualized EBITDA for the quarter that ended in Mar. 2026 was ₺6,751 Mil. Vestel Beyaz Esa Ticaretnayi AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.64.

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 Vestel Beyaz Esa Ticaretnayi AS's Debt-to-EBITDA or its related term are showing as below:

IST:VESBE' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.49   Med: 0.85   Max: 5.72
Current: 5.72

During the past 13 years, the highest Debt-to-EBITDA Ratio of Vestel Beyaz Esa Ticaretnayi AS was 5.72. The lowest was 0.49. And the median was 0.85.

IST:VESBE's Debt-to-EBITDA is ranked worse than
79.76% of 331 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.88 vs IST:VESBE: 5.72

Vestel Beyaz Esa Ticaretnayi AS  (IST:VESBE) 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.


Vestel Beyaz Esa Ticaretnayi AS Debt-to-EBITDA Related Terms


Vestel Beyaz Esa Ticaretnayi AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Vestel Beyaz Esa Ticaretnayi 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.

Vestel Beyaz Esa Ticaretnayi AS Debt-to-EBITDA Chart

Vestel Beyaz Esa Ticaretnayi 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 0.69 2.61 0.49 1.17 4.47

Vestel Beyaz Esa Ticaretnayi 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 1.83 9.35 1.95 -20.74 3.65

IST:VESBE vs SN, SGI, MHK: Debt-to-EBITDA Comparison

For the Furnishings, Fixtures & Appliances subindustry, Vestel Beyaz Esa Ticaretnayi 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.


Vestel Beyaz Esa Ticaretnayi AS Debt-to-EBITDA vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Vestel Beyaz Esa Ticaretnayi AS's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Vestel Beyaz Esa Ticaretnayi AS's Debt-to-EBITDA falls into.


IST:VESBE
65GF Score
Vestel Beyaz Esa Ticaret Sanayi AS IST:VESBE
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Vestel Beyaz Esa Ticaretnayi AS Debt-to-EBITDA Calculation

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

Vestel Beyaz Esa Ticaretnayi 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
=(15415 + 4995.389) / 4563.565
=4.47

Vestel Beyaz Esa Ticaretnayi 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
=(17354.125 + 7251.793) / 6750.988
=3.64

* 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 3.65 mean?
Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) has a Debt-to-EBITDA of 3.65 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 Vestel Beyaz Esa Ticaretnayi AS. This is 329% above median its historical median of 0.85. Over the past decade, Vestel Beyaz Esa Ticaretnayi AS's Debt-to-EBITDA has ranged from 0.49 to 5.72. According to the industry distribution chart, Vestel Beyaz Esa Ticaretnayi AS ranks #264 out of 331 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 79.8%.
Is Vestel Beyaz Esa Ticaretnayi AS's Debt-to-EBITDA too high?
Vestel Beyaz Esa Ticaretnayi AS's current Debt-to-EBITDA of 3.65 is 329% above median its 10-year median of 0.85. Over the past 10 years, this metric has ranged from a low of 0.49 to a high of 5.72. The Furnishings, Fixtures & Appliances industry median Debt-to-EBITDA is 1.88. Vestel Beyaz Esa Ticaretnayi AS's value of 3.65 is 94.1% above this industry median. Based on the distribution chart, Vestel Beyaz Esa Ticaretnayi AS ranks #264 out of 331 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, Vestel Beyaz Esa Ticaretnayi AS has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Vestel Beyaz Esa Ticaretnayi AS's Debt-to-EBITDA compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Vestel Beyaz Esa Ticaretnayi AS ranks #264 out of 331 companies for Debt-to-EBITDA. This places Vestel Beyaz Esa Ticaretnayi AS in the lower half of its industry. The industry median Debt-to-EBITDA is 1.88. Vestel Beyaz Esa Ticaretnayi AS's value of 3.65 is 94.1% above this benchmark. Historically, Vestel Beyaz Esa Ticaretnayi AS's own Debt-to-EBITDA has ranged from 0.49 to 5.72 over the past decade. While the company's 10-year median is 0.85 vs. the industry median of 1.88, Vestel Beyaz Esa Ticaretnayi 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 Furnishings, Fixtures & Appliances company?
The median Debt-to-EBITDA among Furnishings, Fixtures & Appliances companies is 1.88, based on 331 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. Vestel Beyaz Esa Ticaretnayi AS's current Debt-to-EBITDA of 3.65 is 94.1% 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 Vestel Beyaz Esa Ticaretnayi AS. For the Furnishings, Fixtures & Appliances industry, the median Debt-to-EBITDA is 1.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vestel Beyaz Esa Ticaretnayi AS's current Debt-to-EBITDA is 3.65, which is 329% above median its own 10-year median of 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vestel Beyaz Esa Ticaretnayi AS stock overvalued right now?
Based on GuruFocus' analysis, Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) is currently considered Possible Value Trap. The stock's GF Value™ is ₺11.18, compared to a current price of ₺5.81 — trading 48% below its estimated fair value. The current Debt-to-EBITDA is 3.65, which is 329% above median its 10-year median of 0.85 and 94.1% above the Furnishings, Fixtures & Appliances industry median of 1.88. Vestel Beyaz Esa Ticaretnayi AS's overall GF Score™ is 65/100 with 9 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 Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE), the current Debt-to-EBITDA is 3.65 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 Vestel Beyaz Esa Ticaretnayi AS (IST:VESBE) Overvalued in 2026?

Based on GuruFocus' analysis, Vestel Beyaz Esa Ticaretnayi AS stock appears to be undervalued. The current stock price of ₺5.81 is trading 48% below its estimated GF Value™ of ₺11.18. GuruFocus considers Vestel Beyaz Esa Ticaretnayi AS to be Possible Value Trap.

Key valuation signals for IST:VESBE:

  • Debt-to-EBITDA: 3.65 (329% above median its 10-year median of 0.85)
  • GF Value™: ₺11.18 vs. price of ₺5.81 (48% below fair value)
  • GF Score™: 65/100 with 9 warning signs
  • Industry Position: 94.1% above the Furnishings, Fixtures & Appliances median (#264 of 331)

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


Vestel Beyaz Esa Ticaretnayi AS Business Description

Address Buyukdere Cad. No: 199, Levent 199, Sisli, Istanbul, TUR, 34394
Vestel Beyaz Esa Ticaret Sanayi AS produces refrigerators, room air conditioning units, washing machines, cookers, dishwashers and water heaters. The company operates in single segment and its geographical operations are spread across Turkey, Europe and Other countries with the majority of the revenue generating from Europe.
65GF Score

Get the complete analysis for IST:VESBE

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

₺5.81
Price
₺11.18
GF Value