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Kernel HoldingKARNF 66 Debt-to-EBITDA is 1.27 as of Mar. 2026, which is 47% below its 10-year median of 2.38. GuruFocus rates KARNF with a GF Score™ of 66/100 and a GF Value™ of $3.54. The stock has 1 warning sign investors should review. Among 255 Retail - Defensive companies, Kernel Holding ranks better than 60.39% 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 Kernel Holding's Debt-to-EBITDA or its related term are showing as below:
KARNF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.96 Med: 2.38 Max: 9.06
Current: 1.73
During the past 13 years, the highest Debt-to-EBITDA Ratio of Kernel Holding was 9.06. The lowest was 0.96. And the median was 2.38.
KARNF's Debt-to-EBITDA is ranked better than 60.39% of 255
companies
in the Retail - Defensive industry
Industry Median: 2.22
vs KARNF: 1.73
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.
Kernel Holding Debt-to-EBITDA Related Terms
Kernel Holding Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Kernel Holding'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.
KARNF vs SYY, USFD, PFGC: Debt-to-EBITDA Comparison
For the Food Distribution subindustry, Kernel Holding'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.
Kernel Holding Debt-to-EBITDA vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Kernel Holding's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Kernel Holding'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.
Kernel Holding (KARNF) has a Debt-to-EBITDA of 1.27 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 Kernel Holding. This is 47% below median its historical median of 2.38. Over the past decade, Kernel Holding's Debt-to-EBITDA has ranged from 0.96 to 9.06. According to the industry distribution chart, Kernel Holding ranks #101 out of 255 companies in the Retail - Defensive industry, placing it in the top 39.6%.
Is Kernel Holding's Debt-to-EBITDA too high?
Kernel Holding's current Debt-to-EBITDA of 1.27 is 47% below median its 10-year median of 2.38. Over the past 10 years, this metric has ranged from a low of 0.96 to a high of 9.06. The Retail - Defensive industry median Debt-to-EBITDA is 2.22. Kernel Holding's value of 1.27 is 42.8% below this industry median. Based on the distribution chart, Kernel Holding ranks #101 out of 255 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Kernel Holding has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Kernel Holding's Debt-to-EBITDA compare to SYY and USFD?
According to the Retail - Defensive industry distribution chart, Kernel Holding ranks #101 out of 255 companies for Debt-to-EBITDA. This puts Kernel Holding in the upper half of its industry. The industry median Debt-to-EBITDA is 2.22. Kernel Holding's value of 1.27 is 42.8% below this benchmark. Historically, Kernel Holding's own Debt-to-EBITDA has ranged from 0.96 to 9.06 over the past decade. While the company's 10-year median is 2.38 vs. the industry median of 2.22, Kernel Holding has consistently been below 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 Retail - Defensive company?
The median Debt-to-EBITDA among Retail - Defensive companies is 2.22, based on 255 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. Kernel Holding's current Debt-to-EBITDA of 1.27 is 42.8% below 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 Kernel Holding. For the Retail - Defensive industry, the median Debt-to-EBITDA is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kernel Holding's current Debt-to-EBITDA is 1.27, which is 47% below median its own 10-year median of 2.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kernel Holding stock overvalued right now?
Kernel Holding (KARNF) has a current Debt-to-EBITDA of 1.27. The stock's GF Value™ is $3.54, compared to a current price of $5.20 — trading 46.9% above its estimated fair value. The current Debt-to-EBITDA is 1.27, which is 47% below median its 10-year median of 2.38 and 42.8% below the Retail - Defensive industry median of 2.22. Kernel Holding's overall GF Score™ is 66/100 with 1 warning sign 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 Kernel Holding (KARNF), the current Debt-to-EBITDA is 1.27 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 Kernel Holding (KARNF) Overvalued in 2026?
Based on GuruFocus' analysis, Kernel Holding stock appears to be overvalued.
The current stock price of $5.20 is trading 46.9% above its estimated GF Value™ of $3.54.
Key valuation signals for KARNF:
Debt-to-EBITDA: 1.27 (47% below median its 10-year median of 2.38)
GF Value™: $3.54 vs. price of $5.20 (46.9% above fair value)
Industry Position: 42.8% below the Retail - Defensive median (#101 of 255)
No single metric tells the full story. See the KARNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kernel Holding SA is an investment holding company. The company's segment includes Oilseed Processing; Infrastructure and Trading and Farming. It generates maximum revenue from the Infrastructure and Trading segment. The Infrastructure and Trading segment includes sourcing and merchandising of wholesale edible oils, grain, provision of silo services, grain handling and transshipment services.
66GF Score
Get the complete analysis for KARNF
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