SMN Power HoldingOG (MUS:SMNP) Debt-to-EBITDA : 2.93 (As of Dec. 2025) — 27% 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.

MUS:SMNP SMN Power Holding SAOG MUS:SMNP
44 GF Score
Price ر.ع0.19
GF Value ر.ع0.20
Valuation Fairly Valued
! 7 Warning Signs
View Full Analysis

What is SMN Power HoldingOG Debt-to-EBITDA?

SMN Power HoldingOG MUS:SMNP 44 Debt-to-EBITDA is 2.93 as of Dec. 2025, which is 27% below its 10-year median of 4.03. GuruFocus rates MUS:SMNP with a GF Score™ of 44/100 and a GF Value™ of ر.ع0.20 (Fairly Valued). The stock has 7 warning signs investors should review. Among 348 Utilities - Independent Power Producers companies, SMN Power HoldingOG ranks better than 66.67% on this metric.

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

SMN Power HoldingOG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was ر.ع4.87 Mil. SMN Power HoldingOG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was ر.ع30.42 Mil. SMN Power HoldingOG's annualized EBITDA for the quarter that ended in Dec. 2025 was ر.ع12.06 Mil. SMN Power HoldingOG's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 2.93.

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 SMN Power HoldingOG's Debt-to-EBITDA or its related term are showing as below:

MUS:SMNP' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.42   Med: 4.03   Max: 9.05
Current: 2.93

During the past 13 years, the highest Debt-to-EBITDA Ratio of SMN Power HoldingOG was 9.05. The lowest was -2.42. And the median was 4.03.

MUS:SMNP's Debt-to-EBITDA is ranked better than
66.67% of 348 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.85 vs MUS:SMNP: 2.93

SMN Power HoldingOG  (MUS:SMNP) 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.


SMN Power HoldingOG Debt-to-EBITDA Related Terms


SMN Power HoldingOG Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for SMN Power HoldingOG'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.

SMN Power HoldingOG Debt-to-EBITDA Chart

SMN Power HoldingOG Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.72 2.61 -2.42 2.45 2.93

SMN Power HoldingOG Semi-Annual Data
Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec20 Dec21 Dec22 Dec23 Dec24 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 3.72 2.61 -2.42 2.45 2.93

MUS:SMNP vs CEG, VST, NRG: Debt-to-EBITDA Comparison

For the Utilities - Independent Power Producers subindustry, SMN Power HoldingOG'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.


SMN Power HoldingOG Debt-to-EBITDA vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, SMN Power HoldingOG's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where SMN Power HoldingOG's Debt-to-EBITDA falls into.


MUS:SMNP
44GF Score
SMN Power Holding SAOG MUS:SMNP
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

SMN Power HoldingOG Debt-to-EBITDA Calculation

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

SMN Power HoldingOG'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
=(4.867 + 30.422) / 12.057
=2.93

SMN Power HoldingOG'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
=(4.867 + 30.422) / 12.057
=2.93

* 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 one times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.93 mean?
SMN Power HoldingOG (MUS:SMNP) has a Debt-to-EBITDA of 2.93 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 SMN Power HoldingOG. This is 27% below median its historical median of 4.03. According to the industry distribution chart, SMN Power HoldingOG ranks #116 out of 348 companies in the Utilities - Independent Power Producers industry, placing it in the top 33.3%.
Is SMN Power HoldingOG's Debt-to-EBITDA too high?
SMN Power HoldingOG's current Debt-to-EBITDA of 2.93 is 27% below median its 10-year median of 4.03. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.85. SMN Power HoldingOG's value of 2.93 is 39.6% below this industry median. Based on the distribution chart, SMN Power HoldingOG ranks #116 out of 348 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, SMN Power HoldingOG has a GF Score™ of 44/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SMN Power HoldingOG's Debt-to-EBITDA compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, SMN Power HoldingOG ranks #116 out of 348 companies for Debt-to-EBITDA. This puts SMN Power HoldingOG in the upper half of its industry. The industry median Debt-to-EBITDA is 4.85. SMN Power HoldingOG's value of 2.93 is 39.6% below this benchmark. While the company's 10-year median is 4.03 vs. the industry median of 4.85, SMN Power HoldingOG 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 4.85, based on 348 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. SMN Power HoldingOG's current Debt-to-EBITDA of 2.93 is 39.6% 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 SMN Power HoldingOG. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SMN Power HoldingOG's current Debt-to-EBITDA is 2.93, which is 27% below median its own 10-year median of 4.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SMN Power HoldingOG stock overvalued right now?
Based on GuruFocus' analysis, SMN Power HoldingOG (MUS:SMNP) is currently considered Fairly Valued. The stock's GF Value™ is ر.ع0.20, compared to a current price of ر.ع0.19 — trading 4% below its estimated fair value. The current Debt-to-EBITDA is 2.93, which is 27% below median its 10-year median of 4.03 and 39.6% below the Utilities - Independent Power Producers industry median of 4.85. SMN Power HoldingOG's overall GF Score™ is 44/100 with 7 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 SMN Power HoldingOG (MUS:SMNP), the current Debt-to-EBITDA is 2.93 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 SMN Power HoldingOG (MUS:SMNP) Overvalued in 2026?

Based on GuruFocus' analysis, SMN Power HoldingOG stock appears to be undervalued. The current stock price of ر.ع0.19 is trading 4% below its estimated GF Value™ of ر.ع0.20. GuruFocus considers SMN Power HoldingOG to be Fairly Valued.

Key valuation signals for MUS:SMNP:

  • Debt-to-EBITDA: 2.93 (27% below median its 10-year median of 4.03)
  • GF Value™: ر.ع0.20 vs. price of ر.ع0.19 (4% below fair value)
  • GF Score™: 44/100 with 7 warning signs
  • Industry Position: 39.6% below the Utilities - Independent Power Producers median (#116 of 348)

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


SMN Power HoldingOG Business Description

Address Way No. 1013, Office No. 15, Qurum Building, 1st Floor, Al Qurum, Muscat, OMN
SMN Power Holding SAOG is a company based in the Sultanate of Oman. Along with its subsidiaries, the company is engaged in the power generation and water desalination business. The company also invests its funds in shares, bonds, and securities, and owns and leases patents, trademarks, concessions, and other incorporeal rights to its subsidiaries and other companies.
44GF Score

Get the complete analysis for MUS:SMNP

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

ر.ع0.19
Price
ر.ع0.20
GF Value