Combined Group Contracting K C (KUW:CGC) Debt-to-EBITDA : 3.24 (As of Mar. 2026) — 25% Above Median

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KUW:CGC Combined Group Contracting SA K C KUW:CGC
77 GF Score
Price KWD0.91
GF Value KWD1.09
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Combined Group Contracting K C Debt-to-EBITDA?

Combined Group Contracting K C KUW:CGC 77 Debt-to-EBITDA is 3.24 as of Mar. 2026, which is 25% above its 10-year median of 2.60. GuruFocus rates KUW:CGC with a GF Score™ of 77/100 and a GF Value™ of KWD1.09 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,413 Construction companies, Combined Group Contracting K C ranks better than 50.96% on this metric.

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

Combined Group Contracting K C's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was KWD44.7 Mil. Combined Group Contracting K C's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was KWD22.3 Mil. Combined Group Contracting K C's annualized EBITDA for the quarter that ended in Mar. 2026 was KWD20.7 Mil. Combined Group Contracting K C's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.24.

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 Combined Group Contracting K C's Debt-to-EBITDA or its related term are showing as below:

KUW:CGC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.61   Med: 2.6   Max: 25.01
Current: 2.02

During the past 13 years, the highest Debt-to-EBITDA Ratio of Combined Group Contracting K C was 25.01. The lowest was 1.61. And the median was 2.60.

KUW:CGC's Debt-to-EBITDA is ranked better than
50.96% of 1413 companies
in the Construction industry
Industry Median: 2.1 vs KUW:CGC: 2.02

Combined Group Contracting K C  (KUW:CGC) 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.


Combined Group Contracting K C Debt-to-EBITDA Related Terms


Combined Group Contracting K C Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Combined Group Contracting K C'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.

Combined Group Contracting K C Debt-to-EBITDA Chart

Combined Group Contracting K C 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 1.62 1.70 1.61 2.12 1.76

Combined Group Contracting K C Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 2.40 2.52 1.26 1.63 3.24

KUW:CGC vs PWR, FIX, EME: Debt-to-EBITDA Comparison

For the Engineering & Construction subindustry, Combined Group Contracting K C'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.


Combined Group Contracting K C Debt-to-EBITDA vs Construction Industry

For the Construction industry and Industrials sector, Combined Group Contracting K C's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Combined Group Contracting K C's Debt-to-EBITDA falls into.


KUW:CGC
77GF Score
Combined Group Contracting SA K C KUW:CGC
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Combined Group Contracting K C Debt-to-EBITDA Calculation

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

Combined Group Contracting K C'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
=(38.435 + 20.019) / 33.208
=1.76

Combined Group Contracting K C's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(44.719 + 22.285) / 20.696
=3.24

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.24 mean?
Combined Group Contracting K C (KUW:CGC) has a Debt-to-EBITDA of 3.24 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 Combined Group Contracting K C. This is 25% above median its historical median of 2.60. Over the past decade, Combined Group Contracting K C's Debt-to-EBITDA has ranged from 1.61 to 25.01. According to the industry distribution chart, Combined Group Contracting K C ranks #693 out of 1413 companies in the Construction industry, placing it in the top 49%.
Is Combined Group Contracting K C's Debt-to-EBITDA too high?
Combined Group Contracting K C's current Debt-to-EBITDA of 3.24 is 25% above median its 10-year median of 2.60. Over the past 10 years, this metric has ranged from a low of 1.61 to a high of 25.01. The Construction industry median Debt-to-EBITDA is 2.10. Combined Group Contracting K C's value of 3.24 is 54.3% above this industry median. Based on the distribution chart, Combined Group Contracting K C ranks #693 out of 1413 companies in the Construction industry, which is above the industry midpoint. Overall, Combined Group Contracting K C has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Combined Group Contracting K C's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Combined Group Contracting K C ranks #693 out of 1413 companies for Debt-to-EBITDA. This puts Combined Group Contracting K C in the upper half of its industry. The industry median Debt-to-EBITDA is 2.10. Combined Group Contracting K C's value of 3.24 is 54.3% above this benchmark. Historically, Combined Group Contracting K C's own Debt-to-EBITDA has ranged from 1.61 to 25.01 over the past decade. While the company's 10-year median is 2.60 vs. the industry median of 2.10, Combined Group Contracting K C 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.10, based on 1,413 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. Combined Group Contracting K C's current Debt-to-EBITDA of 3.24 is 54.3% 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 Combined Group Contracting K C. For the Construction industry, the median Debt-to-EBITDA is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Combined Group Contracting K C's current Debt-to-EBITDA is 3.24, which is 25% above median its own 10-year median of 2.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Group Contracting K C stock overvalued right now?
Based on GuruFocus' analysis, Combined Group Contracting K C (KUW:CGC) is currently considered Modestly Undervalued. The stock's GF Value™ is KWD1.09, compared to a current price of KWD0.91 — trading 16.9% below its estimated fair value. The current Debt-to-EBITDA is 3.24, which is 25% above median its 10-year median of 2.60 and 54.3% above the Construction industry median of 2.10. Combined Group Contracting K C's overall GF Score™ is 77/100 with 3 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 Combined Group Contracting K C (KUW:CGC), the current Debt-to-EBITDA is 3.24 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 Combined Group Contracting K C (KUW:CGC) Overvalued in 2026?

Based on GuruFocus' analysis, Combined Group Contracting K C stock appears to be undervalued. The current stock price of KWD0.91 is trading 16.9% below its estimated GF Value™ of KWD1.09. GuruFocus considers Combined Group Contracting K C to be Modestly Undervalued.

Key valuation signals for KUW:CGC:

  • Debt-to-EBITDA: 3.24 (25% above median its 10-year median of 2.60)
  • GF Value™: KWD1.09 vs. price of KWD0.91 (16.9% below fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 54.3% above the Construction median (#693 of 1413)

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


Combined Group Contracting K C Business Description

Address Al Ardiya Industrial, P.O. Box : 4819, Block No. 2, Plot No. 284, Kuwait City, KWT, 13049
Combined Group Contracting SA K C is a Kuwait-based company engaged in the construction of residential, commercial, and governmental buildings, roads, and infrastructure, and oil and gas-related development projects. Its service centers are Ready Mix plant, Asphalt Factories, Heavy Equipment, and Service Centers. The Group is divided into functional divisions to manage its various lines of business. The Group operates mainly in the State of Kuwait and other Gulf countries. The Group's segments are: the State of Kuwait segment and the Gulf Countries segment. It generates the majority of its revenue from the State of Kuwait segment.
77GF Score

Get the complete analysis for KUW:CGC

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

KWD0.91
Price
KWD1.09
GF Value