Caleffi SpA (MIL:CLF) Debt-to-EBITDA : 2.35 (As of Dec. 2025) — 28% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MIL:CLF Caleffi SpA MIL:CLF
33 GF Score
Price €0.85
GF Value €0.90
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Caleffi SpA Debt-to-EBITDA?

Caleffi SpA MIL:CLF -0.47% 33 Debt-to-EBITDA is 2.35 as of Dec. 2025, which is 28% below its 10-year median of 3.27. GuruFocus rates MIL:CLF with a GF Score™ of 33/100 and a GF Value™ of €0.90 (Fairly Valued). The stock has 3 warning signs investors should review. Among 806 Manufacturing - Apparel & Accessories companies, Caleffi SpA ranks worse than 51.61% on this metric.

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

Caleffi SpA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €4.37 Mil. Caleffi SpA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was €10.22 Mil. Caleffi SpA's annualized EBITDA for the quarter that ended in Dec. 2025 was €6.21 Mil. Caleffi SpA's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 2.35.

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

MIL:CLF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.85   Med: 3.27   Max: 30
Current: 2.85

During the past 13 years, the highest Debt-to-EBITDA Ratio of Caleffi SpA was 30.00. The lowest was 2.85. And the median was 3.27.

MIL:CLF's Debt-to-EBITDA is ranked worse than
51.61% of 806 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.715 vs MIL:CLF: 2.85

Caleffi SpA  (MIL:CLF) 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.


Caleffi SpA Debt-to-EBITDA Related Terms


Caleffi SpA Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Caleffi 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.

Caleffi SpA Debt-to-EBITDA Chart

Caleffi SpA 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 2.96 3.21 3.07 3.14 2.85

Caleffi SpA 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 2.31 4.62 2.37 3.64 2.35

MIL:CLF vs AIN: Debt-to-EBITDA Comparison

For the Textile Manufacturing subindustry, Caleffi 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.


Caleffi SpA Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Caleffi SpA's Debt-to-EBITDA distribution charts can be found below:

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


MIL:CLF
33GF Score
Caleffi SpA MIL:CLF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Caleffi SpA Debt-to-EBITDA Calculation

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

Caleffi SpA'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
=(4.369 + 10.217) / 5.127
=2.84

Caleffi SpA'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
=(4.369 + 10.217) / 6.206
=2.35

* 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 2.35 mean?
Caleffi SpA (MIL:CLF) has a Debt-to-EBITDA of 2.35 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 Caleffi SpA. This is 28% below median its historical median of 3.27. Over the past decade, Caleffi SpA's Debt-to-EBITDA has ranged from 2.85 to 30.00. According to the industry distribution chart, Caleffi SpA ranks #416 out of 806 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 51.6%.
Is Caleffi SpA's Debt-to-EBITDA too high?
Caleffi SpA's current Debt-to-EBITDA of 2.35 is 28% below median its 10-year median of 3.27. Over the past 10 years, this metric has ranged from a low of 2.85 to a high of 30.00. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.72. Caleffi SpA's value of 2.35 is 13.4% below this industry median. Based on the distribution chart, Caleffi SpA ranks #416 out of 806 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, Caleffi SpA has a GF Score™ of 33/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Caleffi SpA's Debt-to-EBITDA compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Caleffi SpA ranks #416 out of 806 companies for Debt-to-EBITDA. This places Caleffi SpA in the lower half of its industry. The industry median Debt-to-EBITDA is 2.72. Caleffi SpA's value of 2.35 is 13.4% below this benchmark. Historically, Caleffi SpA's own Debt-to-EBITDA has ranged from 2.85 to 30.00 over the past decade. While the company's 10-year median is 3.27 vs. the industry median of 2.72, Caleffi SpA has consistently been below 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-EBITDA among Manufacturing - Apparel & Accessories companies is 2.72, based on 806 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. Caleffi SpA's current Debt-to-EBITDA of 2.35 is 13.4% below 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 Caleffi SpA. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-EBITDA is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caleffi SpA's current Debt-to-EBITDA is 2.35, which is 28% below median its own 10-year median of 3.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caleffi SpA stock overvalued right now?
Based on GuruFocus' analysis, Caleffi SpA (MIL:CLF) is currently considered Fairly Valued. The stock's GF Value™ is €0.90, compared to a current price of €0.85 — trading 6% below its estimated fair value. The current Debt-to-EBITDA is 2.35, which is 28% below median its 10-year median of 3.27 and 13.4% below the Manufacturing - Apparel & Accessories industry median of 2.72. Caleffi SpA's overall GF Score™ is 33/100 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 Caleffi SpA (MIL:CLF), the current Debt-to-EBITDA is 2.35 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 Caleffi SpA (MIL:CLF) Overvalued in 2026?

Based on GuruFocus' analysis, Caleffi SpA stock appears to be undervalued. The current stock price of €0.85 is trading 6% below its estimated GF Value™ of €0.90. GuruFocus considers Caleffi SpA to be Fairly Valued.

Key valuation signals for MIL:CLF:

  • Debt-to-EBITDA: 2.35 (28% below median its 10-year median of 3.27)
  • GF Value™: €0.90 vs. price of €0.85 (6% below fair value)
  • GF Score™: 33/100 with 3 warning signs
  • Industry Position: 13.4% below the Manufacturing - Apparel & Accessories median (#416 of 806)

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


Caleffi SpA Business Description

Other Exchanges CLFm:UK
Address Via Belfiore, 24, Viadana, ITA, 46019
Caleffi SpA is engaged in the design, manufacturing, and marketing of luxury household linen including duvet covers, sheets, throws, towels, bathrobes, etc. The company's products are sold under its brands such as Caleffi Colors, Living, Campus, Yachting, Cambio, Spugnissima, etc., and through licensed brands such as Disney, Barbie, and Mariella Burani. It caters to both Italian and international markets through its distribution network, both in the retail business and in the wholesale. The company's product offering spans across two categories; Bed which includes the bed cover, lat linen, and accessories; and Other which includes the bathroom, furniture, nightwear, homewear, table, and kitchen textiles. Geographically, it derives key revenue from its business in Italy.
33GF Score

Get the complete analysis for MIL:CLF

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

€0.85
Price
€0.90
GF Value