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AA Tech SpAMIL:AAT 21 Debt-to-EBITDA is 6.83 as of Dec. 2025, which is 11% above its 10-year median of 6.15. GuruFocus rates MIL:AAT with a GF Score™ of 21/100 and a GF Value™ of €4.08 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,722 Software companies, AA Tech SpA ranks worse than 98.26% 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 AA Tech SpA's Debt-to-EBITDA or its related term are showing as below:
MIL:AAT'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -25.07 Med: 6.15 Max: 59.06
Current: 36.07
During the past 5 years, the highest Debt-to-EBITDA Ratio of AA Tech SpA was 59.06. The lowest was -25.07. And the median was 6.15.
MIL:AAT's Debt-to-EBITDA is ranked worse than 98.26% of 1722
companies
in the Software industry
Industry Median: 1.08
vs MIL:AAT: 36.07
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.
AA Tech SpA Debt-to-EBITDA Related Terms
AA Tech SpA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for AA Tech SpA'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.
MIL:AAT vs MSFT, ORCL, PLTR: Debt-to-EBITDA Comparison
For the Software - Infrastructure subindustry, AA Tech SpA'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.
AA Tech SpA Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, AA Tech SpA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where AA Tech SpA'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 two times the quarterly (Dec. 2025) EBITDA data.
AA Tech SpA (MIL:AAT) has a Debt-to-EBITDA of 6.83 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 AA Tech SpA. This is 11% above median its historical median of 6.15. According to the industry distribution chart, AA Tech SpA ranks #1692 out of 1722 companies in the Software industry, placing it in the top 98.3%.
Is AA Tech SpA's Debt-to-EBITDA too high?
AA Tech SpA's current Debt-to-EBITDA of 6.83 is 11% above median its 10-year median of 6.15. The Software industry median Debt-to-EBITDA is 1.08. AA Tech SpA's value of 6.83 is 532.4% above this industry median. Based on the distribution chart, AA Tech SpA ranks #1692 out of 1722 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, AA Tech SpA has a GF Score™ of 21/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AA Tech SpA's Debt-to-EBITDA compare to MSFT and ORCL?
According to the Software industry distribution chart, AA Tech SpA ranks #1692 out of 1722 companies for Debt-to-EBITDA. This places AA Tech SpA in the lower half of its industry. The industry median Debt-to-EBITDA is 1.08. AA Tech SpA's value of 6.83 is 532.4% above this benchmark. While the company's 10-year median is 6.15 vs. the industry median of 1.08, AA Tech SpA 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 Software company?
The median Debt-to-EBITDA among Software companies is 1.08, based on 1,722 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. AA Tech SpA's current Debt-to-EBITDA of 6.83 is 532.4% 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 AA Tech SpA. For the Software industry, the median Debt-to-EBITDA is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AA Tech SpA's current Debt-to-EBITDA is 6.83, which is 11% above median its own 10-year median of 6.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AA Tech SpA stock overvalued right now?
Based on GuruFocus' analysis, AA Tech SpA (MIL:AAT) is currently considered Possible Value Trap. The stock's GF Value™ is €4.08, compared to a current price of €1.09 — trading 73.3% below its estimated fair value. The current Debt-to-EBITDA is 6.83, which is 11% above median its 10-year median of 6.15 and 532.4% above the Software industry median of 1.08. AA Tech SpA's overall GF Score™ is 21/100 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 AA Tech SpA (MIL:AAT), the current Debt-to-EBITDA is 6.83 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 AA Tech SpA (MIL:AAT) Overvalued in 2026?
Based on GuruFocus' analysis, AA Tech SpA stock appears to be undervalued.
The current stock price of €1.09 is trading 73.3% below its estimated GF Value™ of €4.08.
GuruFocus considers AA Tech SpA to be Possible Value Trap.
Key valuation signals for MIL:AAT:
Debt-to-EBITDA: 6.83 (11% above median its 10-year median of 6.15)
GF Value™: €4.08 vs. price of €1.09 (73.3% below fair value)
Industry Position: 532.4% above the Software median (#1692 of 1722)
No single metric tells the full story. See the MIL:AAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AA Tech SpA is a venture tech builder in the digital sector, with the constant aiming of identifying new technologies in the aforementioned sectors in Italy. In particular, the Company, through a process of continuous innovation, intends to seek solutions that create new opportunities for generating value, with the intention, after their creation and validation, of making these companies autonomous. One of its subsidiaries, Previon a Fintech company that provides open banking services for compulsory and complementary pension funds.
21GF Score
Get the complete analysis for MIL:AAT
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