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Frog InnovationsNSE:FROG +0.50%71 Debt-to-EBITDA is 1.88 as of Sep. 2025, which is 506% above its 10-year median of 0.31. GuruFocus rates NSE:FROG with a GF Score™ of 71/100 and a GF Value™ of ₹350.45 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,787 Hardware companies, Frog Innovations ranks better than 79.02% 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 Frog Innovations's Debt-to-EBITDA or its related term are showing as below:
NSE:FROG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.2 Med: 0.31 Max: 2.57
Current: 0.39
During the past 6 years, the highest Debt-to-EBITDA Ratio of Frog Innovations was 2.57. The lowest was 0.20. And the median was 0.31.
NSE:FROG's Debt-to-EBITDA is ranked better than 79.02% of 1787
companies
in the Hardware industry
Industry Median: 1.71
vs NSE:FROG: 0.39
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.
Frog Innovations Debt-to-EBITDA Related Terms
Frog Innovations Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Frog Innovations'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.
NSE:FROG vs CSCO, MSI, HPE: Debt-to-EBITDA Comparison
For the Communication Equipment subindustry, Frog Innovations'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.
Frog Innovations Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Frog Innovations's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Frog Innovations'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 (Sep. 2025) EBITDA data.
Frog Innovations (NSE:FROG) has a Debt-to-EBITDA of 1.88 as of Sep. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Frog Innovations. This is 506% above median its historical median of 0.31. Over the past decade, Frog Innovations' Debt-to-EBITDA has ranged from 0.20 to 2.57. According to the industry distribution chart, Frog Innovations ranks #375 out of 1787 companies in the Hardware industry, placing it in the top 21%.
Is Frog Innovations' Debt-to-EBITDA too high?
Frog Innovations' current Debt-to-EBITDA of 1.88 is 506% above median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 2.57. The Hardware industry median Debt-to-EBITDA is 1.71. Frog Innovations' value of 1.88 is 9.9% above this industry median. Based on the distribution chart, Frog Innovations ranks #375 out of 1787 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Frog Innovations has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Frog Innovations' Debt-to-EBITDA compare to CSCO and MSI?
According to the Hardware industry distribution chart, Frog Innovations ranks #375 out of 1787 companies for Debt-to-EBITDA. This places Frog Innovations in the top 21% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.71. Frog Innovations' value of 1.88 is 9.9% above this benchmark. Historically, Frog Innovations' own Debt-to-EBITDA has ranged from 0.20 to 2.57 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 1.71, Frog Innovations 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,787 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. Frog Innovations's current Debt-to-EBITDA of 1.88 is 9.9% 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 Frog Innovations. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Frog Innovations's current Debt-to-EBITDA is 1.88, which is 506% above median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Frog Innovations stock overvalued right now?
Based on GuruFocus' analysis, Frog Innovations (NSE:FROG) is currently considered Possible Value Trap. The stock's GF Value™ is ₹350.45, compared to a current price of ₹210.00 — trading 40.1% below its estimated fair value. The current Debt-to-EBITDA is 1.88, which is 506% above median its 10-year median of 0.31 and 9.9% above the Hardware industry median of 1.71. Frog Innovations' overall GF Score™ is 71/100 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 Frog Innovations (NSE:FROG), the current Debt-to-EBITDA is 1.88 as of Sep. 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 Frog Innovations (NSE:FROG) Overvalued in 2026?
Based on GuruFocus' analysis, Frog Innovations stock appears to be undervalued.
The current stock price of ₹210.00 is trading 40.1% below its estimated GF Value™ of ₹350.45.
GuruFocus considers Frog Innovations to be Possible Value Trap.
Key valuation signals for NSE:FROG:
Debt-to-EBITDA: 1.88 (506% above median its 10-year median of 0.31)
GF Value™: ₹350.45 vs. price of ₹210.00 (40.1% below fair value)
Industry Position: 9.9% above the Hardware median (#375 of 1787)
No single metric tells the full story. See the NSE:FROG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Frog Innovations Ltd is a company engaged in manufacturing telecom equipment used by telecom operators, especially in Telecom Towers. The company manufactures 2G/3G/4G/5G Multi-band Digital RF Repeaters, Multi-band Frequency Shift Repeaters, Multi-band Optical DAS systems, relative software, and accessories. The company also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. The company collectively operates only in one business segment manufacturing and installation of in-building coverage solutions and mobile network accessories for mobile service providers and operators. It provides its products and services across Asia, Europe, Africa, and the Middle East.
71GF Score
Get the complete analysis for NSE:FROG
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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