Frendy Energy SpAMIL:FRE -2.69%28 Debt-to-EBITDA is 1.10 as of Dec. 2025, which is 13% above its 10-year median of 0.97. GuruFocus rates MIL:FRE with a GF Score™ of 28/100 and a GF Value™ of €0.22 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 338 Utilities - Independent Power Producers companies, Frendy Energy SpA ranks better than 83.73% 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 Frendy Energy SpA's Debt-to-EBITDA or its related term are showing as below:
MIL:FRE'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.62 Med: 0.97 Max: 20.66
Current: 1.05
During the past 13 years, the highest Debt-to-EBITDA Ratio of Frendy Energy SpA was 20.66. The lowest was -0.62. And the median was 0.97.
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.
Frendy Energy SpA Debt-to-EBITDA Related Terms
Frendy Energy SpA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Frendy Energy 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.
Frendy Energy SpA Debt-to-EBITDA Competitor Comparison
For the Utilities - Renewable subindustry, Frendy Energy 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.
Frendy Energy SpA Debt-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Frendy Energy SpA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Frendy Energy 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.
Frendy Energy SpA (MIL:FRE) has a Debt-to-EBITDA of 1.10 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 Frendy Energy SpA. This is 13% above median its historical median of 0.97. According to the industry distribution chart, Frendy Energy SpA ranks #55 out of 338 companies in the Utilities - Independent Power Producers industry, placing it in the top 16.3%.
Is Frendy Energy SpA's Debt-to-EBITDA too high?
Frendy Energy SpA's current Debt-to-EBITDA of 1.10 is 13% above median its 10-year median of 0.97. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.54. Frendy Energy SpA's value of 1.10 is 75.7% below this industry median. Based on the distribution chart, Frendy Energy SpA ranks #55 out of 338 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Frendy Energy SpA has a GF Score™ of 28/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Frendy Energy SpA's Debt-to-EBITDA compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Frendy Energy SpA ranks #55 out of 338 companies for Debt-to-EBITDA. This places Frendy Energy SpA in the top 16% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 4.54. Frendy Energy SpA's value of 1.10 is 75.7% below this benchmark. While the company's 10-year median is 0.97 vs. the industry median of 4.54, Frendy Energy 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 an Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.54, based on 338 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. Frendy Energy SpA's current Debt-to-EBITDA of 1.10 is 75.7% 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 Frendy Energy SpA. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frendy Energy SpA's current Debt-to-EBITDA is 1.10, which is 13% above median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frendy Energy SpA stock overvalued right now?
Based on GuruFocus' analysis, Frendy Energy SpA (MIL:FRE) is currently considered Modestly Undervalued. The stock's GF Value™ is €0.22, compared to a current price of €0.18 — trading 17.7% below its estimated fair value. The current Debt-to-EBITDA is 1.10, which is 13% above median its 10-year median of 0.97 and 75.7% below the Utilities - Independent Power Producers industry median of 4.54. Frendy Energy SpA's overall GF Score™ is 28/100 with 2 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 Frendy Energy SpA (MIL:FRE), the current Debt-to-EBITDA is 1.10 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 Frendy Energy SpA (MIL:FRE) Overvalued in 2026?
Based on GuruFocus' analysis, Frendy Energy SpA stock appears to be undervalued.
The current stock price of €0.18 is trading 17.7% below its estimated GF Value™ of €0.22.
GuruFocus considers Frendy Energy SpA to be Modestly Undervalued.
Key valuation signals for MIL:FRE:
Debt-to-EBITDA: 1.10 (13% above median its 10-year median of 0.97)
GF Value™: €0.22 vs. price of €0.18 (17.7% below fair value)
Industry Position: 75.7% below the Utilities - Independent Power Producers median (#55 of 338)
No single metric tells the full story. See the MIL:FRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frendy Energy SpA is an Italian company. It is engaged in building and operating mini hydropower plants towards the production and sale of electricity.
28GF Score
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