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.
KEC InternationalNSE:KEC +0.45%77 Debt-to-EBITDA is 2.81 as of Mar. 2026, which is 12% above its 10-year median of 2.52. GuruFocus rates NSE:KEC with a GF Score™ of 77/100 and a GF Value™ of ₹867.28 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,409 Construction companies, KEC International ranks worse than 61.67% 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 KEC International's Debt-to-EBITDA or its related term are showing as below:
NSE:KEC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.58 Med: 2.52 Max: 3.95
Current: 3.26
During the past 13 years, the highest Debt-to-EBITDA Ratio of KEC International was 3.95. The lowest was 1.58. And the median was 2.52.
NSE:KEC's Debt-to-EBITDA is ranked worse than 61.67% of 1409
companies
in the Construction industry
Industry Median: 2.14
vs NSE:KEC: 3.26
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.
KEC International Debt-to-EBITDA Related Terms
KEC International Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for KEC International'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:KEC vs PWR, FIX, EME: Debt-to-EBITDA Comparison
For the Engineering & Construction subindustry, KEC International'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.
KEC International Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, KEC International's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where KEC International'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 four times the quarterly (Mar. 2026) EBITDA data.
KEC International (NSE:KEC) has a Debt-to-EBITDA of 2.81 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on KEC International. This is 12% above median its historical median of 2.52. Over the past decade, KEC International's Debt-to-EBITDA has ranged from 1.58 to 3.95. According to the industry distribution chart, KEC International ranks #869 out of 1409 companies in the Construction industry, placing it in the top 61.7%.
Is KEC International's Debt-to-EBITDA too high?
KEC International's current Debt-to-EBITDA of 2.81 is 12% above median its 10-year median of 2.52. Over the past 10 years, this metric has ranged from a low of 1.58 to a high of 3.95. The Construction industry median Debt-to-EBITDA is 2.14. KEC International's value of 2.81 is 31.3% above this industry median. Based on the distribution chart, KEC International ranks #869 out of 1409 companies in the Construction industry, which is below the industry midpoint. Overall, KEC International has a GF Score™ of 77/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does KEC International's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, KEC International ranks #869 out of 1409 companies for Debt-to-EBITDA. This places KEC International in the lower half of its industry. The industry median Debt-to-EBITDA is 2.14. KEC International's value of 2.81 is 31.3% above this benchmark. Historically, KEC International's own Debt-to-EBITDA has ranged from 1.58 to 3.95 over the past decade. While the company's 10-year median is 2.52 vs. the industry median of 2.14, KEC International 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 2.14, based on 1,409 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. KEC International's current Debt-to-EBITDA of 2.81 is 31.3% 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 KEC International. For the Construction industry, the median Debt-to-EBITDA is 2.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. KEC International's current Debt-to-EBITDA is 2.81, which is 12% above median its own 10-year median of 2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is KEC International stock overvalued right now?
Based on GuruFocus' analysis, KEC International (NSE:KEC) is currently considered Possible Value Trap. The stock's GF Value™ is ₹867.28, compared to a current price of ₹477.70 — trading 44.9% below its estimated fair value. The current Debt-to-EBITDA is 2.81, which is 12% above median its 10-year median of 2.52 and 31.3% above the Construction industry median of 2.14. KEC International's overall GF Score™ is 77/100 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 KEC International (NSE:KEC), the current Debt-to-EBITDA is 2.81 as of Mar. 2026. 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 KEC International (NSE:KEC) Overvalued in 2026?
Based on GuruFocus' analysis, KEC International stock appears to be undervalued.
The current stock price of ₹477.70 is trading 44.9% below its estimated GF Value™ of ₹867.28.
GuruFocus considers KEC International to be Possible Value Trap.
Key valuation signals for NSE:KEC:
Debt-to-EBITDA: 2.81 (12% above median its 10-year median of 2.52)
GF Value™: ₹867.28 vs. price of ₹477.70 (44.9% below fair value)
Industry Position: 31.3% above the Construction median (#869 of 1409)
No single metric tells the full story. See the NSE:KEC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
KEC International Ltd is an infrastructure engineering, procurement, and construction company. It has a presence in power transmission and distribution, cable manufacturing, railway construction, water resource management, and renewable energy sectors. The company's business segments include EPC and Others. The company generates the majority of its revenue from the EPC segment. Geographically the company generates revenue from India, UAE, Brazil, Mexico & USA, and Others.
77GF Score
Get the complete analysis for NSE:KEC
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
NSE:KEC has been successfully added to your 
