PT Darma Henwa Tbk (ISX:DEWA) Debt-to-EBITDA : 2.65 (As of Jun. 2026) — 33% Below Median

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ISX:DEWA PT Darma Henwa Tbk ISX:DEWA
62 GF Score
Price Rp442.00
GF Value Rp67.05
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is PT Darma Henwa Tbk Debt-to-EBITDA?

PT Darma Henwa Tbk ISX:DEWA -0.90% 62 Debt-to-EBITDA is 2.65 as of Jun. 2026, which is 33% below its 10-year median of 3.94. GuruFocus rates ISX:DEWA with a GF Score™ of 62/100 and a GF Value™ of Rp67.05 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 94 Other Energy Sources companies, PT Darma Henwa Tbk ranks better than 68.09% on this metric.

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

PT Darma Henwa Tbk's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was Rp2,188,331 Mil. PT Darma Henwa Tbk's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was Rp2,417,987 Mil. PT Darma Henwa Tbk's annualized EBITDA for the quarter that ended in Jun. 2026 was Rp1,738,997 Mil. PT Darma Henwa Tbk's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 2.65.

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 PT Darma Henwa Tbk's Debt-to-EBITDA or its related term are showing as below:

ISX:DEWA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -20.56   Med: 3.94   Max: 11.43
Current: 0.98

During the past 13 years, the highest Debt-to-EBITDA Ratio of PT Darma Henwa Tbk was 11.43. The lowest was -20.56. And the median was 3.94.

ISX:DEWA's Debt-to-EBITDA is ranked better than
68.09% of 94 companies
in the Other Energy Sources industry
Industry Median: 2.535 vs ISX:DEWA: 0.98

PT Darma Henwa Tbk  (ISX:DEWA) 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.


PT Darma Henwa Tbk Debt-to-EBITDA Related Terms


PT Darma Henwa Tbk Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for PT Darma Henwa Tbk'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.

PT Darma Henwa Tbk Debt-to-EBITDA Chart

PT Darma Henwa Tbk 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 4.79 -20.56 3.09 9.83 0.80

PT Darma Henwa Tbk Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.58 5.23 0.22 5.00 2.65

PT Darma Henwa Tbk Debt-to-EBITDA Competitor Comparison

For the Thermal Coal subindustry, PT Darma Henwa Tbk'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.


PT Darma Henwa Tbk Debt-to-EBITDA vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, PT Darma Henwa Tbk's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where PT Darma Henwa Tbk's Debt-to-EBITDA falls into.


ISX:DEWA
62GF Score
PT Darma Henwa Tbk ISX:DEWA
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

PT Darma Henwa Tbk Debt-to-EBITDA Calculation

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

PT Darma Henwa Tbk'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
=(881866.63 + 2677511.438) / 4474260.239
=0.80

PT Darma Henwa Tbk's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2188330.841 + 2417987.363) / 1738997.292
=2.65

* 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 (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.65 mean?
PT Darma Henwa Tbk (ISX:DEWA) has a Debt-to-EBITDA of 2.65 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on PT Darma Henwa Tbk. This is 33% below median its historical median of 3.94. According to the industry distribution chart, PT Darma Henwa Tbk ranks #30 out of 94 companies in the Other Energy Sources industry, placing it in the top 31.9%.
Is PT Darma Henwa Tbk's Debt-to-EBITDA too high?
PT Darma Henwa Tbk's current Debt-to-EBITDA of 2.65 is 33% below median its 10-year median of 3.94. The Other Energy Sources industry median Debt-to-EBITDA is 2.54. PT Darma Henwa Tbk's value of 2.65 is 4.5% above this industry median. Based on the distribution chart, PT Darma Henwa Tbk ranks #30 out of 94 companies in the Other Energy Sources industry, which is above the industry midpoint. Overall, PT Darma Henwa Tbk has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PT Darma Henwa Tbk's Debt-to-EBITDA compare to competitors?
According to the Other Energy Sources industry distribution chart, PT Darma Henwa Tbk ranks #30 out of 94 companies for Debt-to-EBITDA. This puts PT Darma Henwa Tbk in the upper half of its industry. The industry median Debt-to-EBITDA is 2.54. PT Darma Henwa Tbk's value of 2.65 is 4.5% above this benchmark. While the company's 10-year median is 3.94 vs. the industry median of 2.54, PT Darma Henwa Tbk 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 Other Energy Sources company?
The median Debt-to-EBITDA among Other Energy Sources companies is 2.54, based on 94 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. PT Darma Henwa Tbk's current Debt-to-EBITDA of 2.65 is 4.5% 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 PT Darma Henwa Tbk. For the Other Energy Sources industry, the median Debt-to-EBITDA is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PT Darma Henwa Tbk's current Debt-to-EBITDA is 2.65, which is 33% below median its own 10-year median of 3.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Darma Henwa Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Darma Henwa Tbk (ISX:DEWA) is currently considered Significantly Overvalued. The stock's GF Value™ is Rp67.05, compared to a current price of Rp442.00 — trading 559.2% above its estimated fair value. The current Debt-to-EBITDA is 2.65, which is 33% below median its 10-year median of 3.94 and 4.5% above the Other Energy Sources industry median of 2.54. PT Darma Henwa Tbk's overall GF Score™ is 62/100 with 7 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 PT Darma Henwa Tbk (ISX:DEWA), the current Debt-to-EBITDA is 2.65 as of Jun. 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 PT Darma Henwa Tbk (ISX:DEWA) Overvalued in 2026?

Based on GuruFocus' analysis, PT Darma Henwa Tbk stock appears to be overvalued. The current stock price of Rp442.00 is trading 559.2% above its estimated GF Value™ of Rp67.05. GuruFocus considers PT Darma Henwa Tbk to be Significantly Overvalued.

Key valuation signals for ISX:DEWA:

  • Debt-to-EBITDA: 2.65 (33% below median its 10-year median of 3.94)
  • GF Value™: Rp67.05 vs. price of Rp442.00 (559.2% above fair value)
  • GF Score™: 62/100 with 7 warning signs
  • Industry Position: 4.5% above the Other Energy Sources median (#30 of 94)

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


PT Darma Henwa Tbk Business Description

Other Exchanges 0DH:Germany
Address Jalan. Jenderal Sudirman Kav. 52-53, Prosperity Tower 39th Floor, SCBD, Lot 28, District 8, Kelurahan Senayan, Kecamatan Kebayoran Baru, Jakarta, IDN, 12190
PT Darma Henwa Tbk is an Indonesia-based company. Its business activities are focused on mining contractor services, general mining services, and equipment maintenance. It mainly operates its business across various mining projects across Indonesia. The majority of its revenue comes from coal production with the remaining through operational activities like land clearing, topsoiling, overburden removal, and equipment rental. The firm operates its business into two business segments, Mining services and other services Out of which the Mining services segment derives the majority of revenue.
62GF Score

Get the complete analysis for ISX:DEWA

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

Rp442.00
Price
Rp67.05
GF Value