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Kenon HoldingsKEN +2.12%64 Debt-to-EBITDA is 6.15 as of Mar. 2026, which is 20% above its 10-year median of 5.14. GuruFocus rates KEN with a GF Score™ of 64/100 and a GF Value™ of $45.03 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 340 Utilities - Independent Power Producers companies, Kenon Holdings ranks worse than 66.47% 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 Kenon Holdings's Debt-to-EBITDA or its related term are showing as below:
KEN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -15.83 Med: 5.14 Max: 12.83
Current: 7.24
During the past 13 years, the highest Debt-to-EBITDA Ratio of Kenon Holdings was 12.83. The lowest was -15.83. And the median was 5.14.
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.
Kenon Holdings Debt-to-EBITDA Related Terms
Kenon Holdings Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Kenon Holdings'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.
For the Utilities - Independent Power Producers subindustry, Kenon Holdings'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.
Kenon Holdings Debt-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Kenon Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Kenon Holdings'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.
Kenon Holdings (KEN) has a Debt-to-EBITDA of 6.15 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 Kenon Holdings. This is 20% above median its historical median of 5.14. According to the industry distribution chart, Kenon Holdings ranks #226 out of 340 companies in the Utilities - Independent Power Producers industry, placing it in the top 66.5%.
Is Kenon Holdings' Debt-to-EBITDA too high?
Kenon Holdings' current Debt-to-EBITDA of 6.15 is 20% above median its 10-year median of 5.14. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.63. Kenon Holdings' value of 6.15 is 32.8% above this industry median. Based on the distribution chart, Kenon Holdings ranks #226 out of 340 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Kenon Holdings has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kenon Holdings' Debt-to-EBITDA compare to HNRG and OKLO?
According to the Utilities - Independent Power Producers industry distribution chart, Kenon Holdings ranks #226 out of 340 companies for Debt-to-EBITDA. This places Kenon Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 4.63. Kenon Holdings' value of 6.15 is 32.8% above this benchmark. While the company's 10-year median is 5.14 vs. the industry median of 4.63, Kenon Holdings 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 Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.63, based on 340 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. Kenon Holdings's current Debt-to-EBITDA of 6.15 is 32.8% 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 Kenon Holdings. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kenon Holdings's current Debt-to-EBITDA is 6.15, which is 20% above median its own 10-year median of 5.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kenon Holdings stock overvalued right now?
Based on GuruFocus' analysis, Kenon Holdings (KEN) is currently considered Significantly Overvalued. The stock's GF Value™ is $45.03, compared to a current price of $69.50 — trading 54.3% above its estimated fair value. The current Debt-to-EBITDA is 6.15, which is 20% above median its 10-year median of 5.14 and 32.8% above the Utilities - Independent Power Producers industry median of 4.63. Kenon Holdings' overall GF Score™ is 64/100 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 Kenon Holdings (KEN), the current Debt-to-EBITDA is 6.15 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 Kenon Holdings (KEN) Overvalued in 2026?
Based on GuruFocus' analysis, Kenon Holdings stock appears to be overvalued.
The current stock price of $69.50 is trading 54.3% above its estimated GF Value™ of $45.03.
GuruFocus considers Kenon Holdings to be Significantly Overvalued.
Key valuation signals for KEN:
Debt-to-EBITDA: 6.15 (20% above median its 10-year median of 5.14)
GF Value™: $45.03 vs. price of $69.50 (54.3% above fair value)
Industry Position: 32.8% above the Utilities - Independent Power Producers median (#226 of 340)
No single metric tells the full story. See the KEN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kenon Holdings Ltd is a holding company that operates dynamic, growth-oriented businesses. The company's operating segments include: OPC Power Plants, which generates and supplies electricity and energy in Israel; and CPV Group, which generates and supplies electricity and energy in the United States. It generates maximum revenue from the OPC Power Plants segment, which generates and supplies electricity and energy in Israel. CPV Group is a limited partnership owned by OPC, which generates and supplies electricity and energy in the United States. Geographically, the company generates a majority of its revenue from Israel and the rest from the United States.
64GF Score
Get the complete analysis for KEN
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