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KNOT Offshore Partners LPKNOP -0.57%62 Debt-to-EBITDA is 4.12 as of Mar. 2026, which is 22% below its 10-year median of 5.31. GuruFocus rates KNOP with a GF Score™ of 62/100 and a GF Value™ of $8.10 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 705 Oil & Gas companies, KNOT Offshore Partners LP ranks worse than 78.01% 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 KNOT Offshore Partners LP's Debt-to-EBITDA or its related term are showing as below:
KNOP'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.61 Med: 5.31 Max: 6.81
Current: 4.61
During the past 13 years, the highest Debt-to-EBITDA Ratio of KNOT Offshore Partners LP was 6.81. The lowest was 4.61. And the median was 5.31.
KNOP's Debt-to-EBITDA is ranked worse than 78.01% of 705
companies
in the Oil & Gas industry
Industry Median: 2.07
vs KNOP: 4.61
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.
KNOT Offshore Partners LP Debt-to-EBITDA Related Terms
KNOT Offshore Partners LP Debt-to-EBITDA Historical Data
* 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.
KNOP vs SMC, IMPP, TORO: Debt-to-EBITDA Comparison
For the Oil & Gas Midstream subindustry, KNOT Offshore Partners LP'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.
KNOT Offshore Partners LP Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, KNOT Offshore Partners LP's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where KNOT Offshore Partners LP'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.
KNOT Offshore Partners LP (KNOP) has a Debt-to-EBITDA of 4.12 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 KNOT Offshore Partners LP. This is 22% below median its historical median of 5.31. Over the past decade, KNOT Offshore Partners LP's Debt-to-EBITDA has ranged from 4.61 to 6.81. According to the industry distribution chart, KNOT Offshore Partners LP ranks #550 out of 705 companies in the Oil & Gas industry, placing it in the top 78%.
Is KNOT Offshore Partners LP's Debt-to-EBITDA too high?
KNOT Offshore Partners LP's current Debt-to-EBITDA of 4.12 is 22% below median its 10-year median of 5.31. Over the past 10 years, this metric has ranged from a low of 4.61 to a high of 6.81. The Oil & Gas industry median Debt-to-EBITDA is 2.07. KNOT Offshore Partners LP's value of 4.12 is 99% above this industry median. Based on the distribution chart, KNOT Offshore Partners LP ranks #550 out of 705 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, KNOT Offshore Partners LP has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does KNOT Offshore Partners LP's Debt-to-EBITDA compare to SMC and IMPP?
According to the Oil & Gas industry distribution chart, KNOT Offshore Partners LP ranks #550 out of 705 companies for Debt-to-EBITDA. This places KNOT Offshore Partners LP in the lower half of its industry. The industry median Debt-to-EBITDA is 2.07. KNOT Offshore Partners LP's value of 4.12 is 99% above this benchmark. Historically, KNOT Offshore Partners LP's own Debt-to-EBITDA has ranged from 4.61 to 6.81 over the past decade. While the company's 10-year median is 5.31 vs. the industry median of 2.07, KNOT Offshore Partners LP 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 Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.07, based on 705 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. KNOT Offshore Partners LP's current Debt-to-EBITDA of 4.12 is 99% 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 KNOT Offshore Partners LP. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KNOT Offshore Partners LP's current Debt-to-EBITDA is 4.12, which is 22% below median its own 10-year median of 5.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KNOT Offshore Partners LP stock overvalued right now?
Based on GuruFocus' analysis, KNOT Offshore Partners LP (KNOP) is currently considered Modestly Overvalued. The stock's GF Value™ is $8.10, compared to a current price of $10.44 — trading 28.9% above its estimated fair value. The current Debt-to-EBITDA is 4.12, which is 22% below median its 10-year median of 5.31 and 99% above the Oil & Gas industry median of 2.07. KNOT Offshore Partners LP's overall GF Score™ is 62/100 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 KNOT Offshore Partners LP (KNOP), the current Debt-to-EBITDA is 4.12 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 KNOT Offshore Partners LP (KNOP) Overvalued in 2026?
Based on GuruFocus' analysis, KNOT Offshore Partners LP stock appears to be overvalued.
The current stock price of $10.44 is trading 28.9% above its estimated GF Value™ of $8.10.
GuruFocus considers KNOT Offshore Partners LP to be Modestly Overvalued.
Key valuation signals for KNOP:
Debt-to-EBITDA: 4.12 (22% below median its 10-year median of 5.31)
GF Value™: $8.10 vs. price of $10.44 (28.9% above fair value)
Industry Position: 99% above the Oil & Gas median (#550 of 705)
No single metric tells the full story. See the KNOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KNOT Offshore Partners LP owns, operates, and shuttles tankers under long-term charters in the North Sea and Brazil. The company provides crude oil loading, transportation, and storage services under time charters and bareboat charters. The Partnership is formed for acquiring ownership interests in over four shuttle tankers owned by Knutsen NYK Offshore Tankers AS (KNOT). It operates through the shuttle tanker market segment.
62GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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