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.
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.
Esi SpAMIL:ESIGM 80 Debt-to-EBITDA is 5.60 as of Dec. 2025, which is 567% above its 10-year median of 0.84. GuruFocus rates MIL:ESIGM with a GF Score™ of 80/100 and a GF Value™ of €2.17 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,403 Construction companies, Esi SpA ranks worse than 59.52% 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 Esi SpA's Debt-to-EBITDA or its related term are showing as below:
MIL:ESIGM'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.99 Med: 0.84 Max: 19.13
Current: 2.97
During the past 7 years, the highest Debt-to-EBITDA Ratio of Esi SpA was 19.13. The lowest was -0.99. And the median was 0.84.
MIL:ESIGM's Debt-to-EBITDA is ranked worse than 59.52% of 1403
companies
in the Construction industry
Industry Median: 2.15
vs MIL:ESIGM: 2.97
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.
Esi SpA Debt-to-EBITDA Related Terms
Esi SpA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Esi 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:ESIGM vs PWR, FIX, EME: Debt-to-EBITDA Comparison
For the Engineering & Construction subindustry, Esi 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.
Esi SpA Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Esi SpA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Esi 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.
Esi SpA (MIL:ESIGM) has a Debt-to-EBITDA of 5.60 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 Esi SpA. This is 567% above median its historical median of 0.84. According to the industry distribution chart, Esi SpA ranks #835 out of 1403 companies in the Construction industry, placing it in the top 59.5%.
Is Esi SpA's Debt-to-EBITDA too high?
Esi SpA's current Debt-to-EBITDA of 5.60 is 567% above median its 10-year median of 0.84. The Construction industry median Debt-to-EBITDA is 2.15. Esi SpA's value of 5.60 is 160.5% above this industry median. Based on the distribution chart, Esi SpA ranks #835 out of 1403 companies in the Construction industry, which is below the industry midpoint. Overall, Esi SpA has a GF Score™ of 80/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Esi SpA's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Esi SpA ranks #835 out of 1403 companies for Debt-to-EBITDA. This places Esi SpA in the lower half of its industry. The industry median Debt-to-EBITDA is 2.15. Esi SpA's value of 5.60 is 160.5% above this benchmark. While the company's 10-year median is 0.84 vs. the industry median of 2.15, Esi 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.15, based on 1,403 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. Esi SpA's current Debt-to-EBITDA of 5.60 is 160.5% 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 Esi SpA. For the Construction industry, the median Debt-to-EBITDA is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Esi SpA's current Debt-to-EBITDA is 5.60, which is 567% above median its own 10-year median of 0.84. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Esi SpA stock overvalued right now?
Based on GuruFocus' analysis, Esi SpA (MIL:ESIGM) is currently considered Possible Value Trap. The stock's GF Value™ is €2.17, compared to a current price of €1.30 — trading 40.1% below its estimated fair value. The current Debt-to-EBITDA is 5.60, which is 567% above median its 10-year median of 0.84 and 160.5% above the Construction industry median of 2.15. Esi SpA's overall GF Score™ is 80/100 with 5 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 Esi SpA (MIL:ESIGM), the current Debt-to-EBITDA is 5.60 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 Esi SpA (MIL:ESIGM) Overvalued in 2026?
Based on GuruFocus' analysis, Esi SpA stock appears to be undervalued.
The current stock price of €1.30 is trading 40.1% below its estimated GF Value™ of €2.17.
GuruFocus considers Esi SpA to be Possible Value Trap.
Key valuation signals for MIL:ESIGM:
Debt-to-EBITDA: 5.60 (567% above median its 10-year median of 0.84)
GF Value™: €2.17 vs. price of €1.30 (40.1% below fair value)
Industry Position: 160.5% above the Construction median (#835 of 1403)
No single metric tells the full story. See the MIL:ESIGM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Esi SpA operates in the renewable energy market as an EPC contractor and a System Integrator. The company covers all phases within the renewable energy value chain, from project development to engineering and construction. As an EPC contractor, it is involved in designing and constructing turnkey photovoltaic systems, civil works, excavations, roads, wind farm foundations, and high-voltage underground cable ducts. It also builds control cabins and foundations for high-voltage plants, provides maintenance of photovoltaic power plants, and performs other related activities. As a System Integrator, the company constructs mini-grid and off-grid systems for electricity supply in remote areas and designs storage systems for electrical energy production.
80GF Score
Get the complete analysis for MIL:ESIGM
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:ESIGM has been successfully added to your 
