KPELF (Keppel) Debt-to-EBITDA : 5.30 (As of Dec. 2025) — 20% Below Median


KPELF Keppel Ltd KPELF
63 GF Score
Price $8.83
GF Value $4.72
Valuation Significantly Overvalued
! 6 Warning Signs
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What is Keppel Debt-to-EBITDA?

Keppel KPELF 63 Debt-to-EBITDA is 5.30 as of Dec. 2025, which is 20% below its 10-year median of 6.66. GuruFocus rates KPELF with a GF Score™ of 63/100 and a GF Value™ of $4.72 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 460 Conglomerates companies, Keppel ranks worse than 76.09% on this metric.

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

Keppel's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $1,487 Mil. Keppel's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $7,373 Mil. Keppel's annualized EBITDA for the quarter that ended in Dec. 2025 was $1,673 Mil. Keppel's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 5.29.

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 Keppel's Debt-to-EBITDA or its related term are showing as below:

KPELF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.62   Med: 6.66   Max: 27.95
Current: 5.75

During the past 13 years, the highest Debt-to-EBITDA Ratio of Keppel was 27.95. The lowest was 4.62. And the median was 6.66.

KPELF's Debt-to-EBITDA is ranked worse than
76.09% of 460 companies
in the Conglomerates industry
Industry Median: 2.76 vs KPELF: 5.75

Keppel  (OTCPK:KPELF) 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.


Keppel Debt-to-EBITDA Related Terms


Keppel Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Keppel'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.

Keppel Debt-to-EBITDA Chart

Keppel 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 5.49 6.99 6.32 7.30 5.77

Keppel Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.11 8.19 6.71 6.43 5.30

KPELF vs HON, MMM: Debt-to-EBITDA Comparison

For the Conglomerates subindustry, Keppel'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.


Keppel Debt-to-EBITDA vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Keppel's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Keppel's Debt-to-EBITDA falls into.


KPELF
63GF Score
Keppel Ltd KPELF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Keppel Debt-to-EBITDA Calculation

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

Keppel'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
=(1486.867 + 7373.411) / 1535.922
=5.77

Keppel's annualized Debt-to-EBITDA for the quarter 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
=(1486.867 + 7373.411) / 1673.35
=5.29

* 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 two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 5.30 mean?
Keppel (KPELF) has a Debt-to-EBITDA of 5.30 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Keppel. This is 20% below median its historical median of 6.66. Over the past decade, Keppel's Debt-to-EBITDA has ranged from 4.62 to 27.95. According to the industry distribution chart, Keppel ranks #350 out of 460 companies in the Conglomerates industry, placing it in the top 76.1%.
Is Keppel's Debt-to-EBITDA too high?
Keppel's current Debt-to-EBITDA of 5.30 is 20% below median its 10-year median of 6.66. Over the past 10 years, this metric has ranged from a low of 4.62 to a high of 27.95. The Conglomerates industry median Debt-to-EBITDA is 2.76. Keppel's value of 5.30 is 92% above this industry median. Based on the distribution chart, Keppel ranks #350 out of 460 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Keppel has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Keppel's Debt-to-EBITDA compare to HON and MMM?
According to the Conglomerates industry distribution chart, Keppel ranks #350 out of 460 companies for Debt-to-EBITDA. This places Keppel in the lower half of its industry. The industry median Debt-to-EBITDA is 2.76. Keppel's value of 5.30 is 92% above this benchmark. Historically, Keppel's own Debt-to-EBITDA has ranged from 4.62 to 27.95 over the past decade. While the company's 10-year median is 6.66 vs. the industry median of 2.76, Keppel 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 Conglomerates company?
The median Debt-to-EBITDA among Conglomerates companies is 2.76, based on 460 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. Keppel's current Debt-to-EBITDA of 5.30 is 92% 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 Keppel. For the Conglomerates industry, the median Debt-to-EBITDA is 2.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keppel's current Debt-to-EBITDA is 5.30, which is 20% below median its own 10-year median of 6.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keppel stock overvalued right now?
Based on GuruFocus' analysis, Keppel (KPELF) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.72, compared to a current price of $8.83 — trading 87.1% above its estimated fair value. The current Debt-to-EBITDA is 5.30, which is 20% below median its 10-year median of 6.66 and 92% above the Conglomerates industry median of 2.76. Keppel's overall GF Score™ is 63/100 with 6 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 Keppel (KPELF), the current Debt-to-EBITDA is 5.30 as of Dec. 2025. 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 Keppel (KPELF) Overvalued in 2026?

Based on GuruFocus' analysis, Keppel stock appears to be overvalued. The current stock price of $8.83 is trading 87.1% above its estimated GF Value™ of $4.72. GuruFocus considers Keppel to be Significantly Overvalued.

Key valuation signals for KPELF:

  • Debt-to-EBITDA: 5.30 (20% below median its 10-year median of 6.66)
  • GF Value™: $4.72 vs. price of $8.83 (87.1% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 92% above the Conglomerates median (#350 of 460)

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


Keppel Business Description

Address 1 HarbourFront Avenue, No 18-01, Keppel Bay Tower, Singapore, SGP, 098632
Singapore-based Keppel is an alternative asset manager and operator with SGD 95 billion of funds under management as of the end of December 2025. The group's key segments are infrastructure, real estate, and connectivity (including telecommunication services and operation of data centers). Most of its earnings are derived from its infrastructure segment, where it invests and operates in a portfolio of infrastructure assets. The group also has a fund management platform comprising listed and unlisted investment trusts that generates recurring fee income.
63GF Score

Get the complete analysis for KPELF

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

$8.83
Price
$4.72
GF Value