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.
AoFrioNZSE:AOF +2.78% Debt-to-EBITDA is 2.51 as of Dec. 2025, which is 23% below its 10-year median of 3.24. The stock has 5 warning signs investors should review. Among 2,332 Industrial Products companies, AoFrio ranks worse than 72.98% 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 AoFrio's Debt-to-EBITDA or its related term are showing as below:
NZSE:AOF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.74 Med: 3.24 Max: 35.53
Current: 3.91
During the past 13 years, the highest Debt-to-EBITDA Ratio of AoFrio was 35.53. The lowest was 0.74. And the median was 3.24.
NZSE:AOF's Debt-to-EBITDA is ranked worse than 72.98% of 2332
companies
in the Industrial Products industry
Industry Median: 1.7
vs NZSE:AOF: 3.91
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.
AoFrio Debt-to-EBITDA Related Terms
AoFrio Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for AoFrio'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.
NZSE:AOF vs VRT, BE, HUBB: Debt-to-EBITDA Comparison
For the Electrical Equipment & Parts subindustry, AoFrio'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.
AoFrio Debt-to-EBITDA vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, AoFrio's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where AoFrio'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.
AoFrio (NZSE:AOF) has a Debt-to-EBITDA of 2.51 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 AoFrio. This is 23% below median its historical median of 3.24. Over the past decade, AoFrio's Debt-to-EBITDA has ranged from 0.74 to 35.53. According to the industry distribution chart, AoFrio ranks #1702 out of 2332 companies in the Industrial Products industry, placing it in the top 73%.
Is AoFrio's Debt-to-EBITDA too high?
AoFrio's current Debt-to-EBITDA of 2.51 is 23% below median its 10-year median of 3.24. Over the past 10 years, this metric has ranged from a low of 0.74 to a high of 35.53. The Industrial Products industry median Debt-to-EBITDA is 1.70. AoFrio's value of 2.51 is 47.6% above this industry median. Based on the distribution chart, AoFrio ranks #1702 out of 2332 companies in the Industrial Products industry, which is below the industry midpoint.
How does AoFrio's Debt-to-EBITDA compare to VRT and BE?
According to the Industrial Products industry distribution chart, AoFrio ranks #1702 out of 2332 companies for Debt-to-EBITDA. This places AoFrio in the lower half of its industry. The industry median Debt-to-EBITDA is 1.70. AoFrio's value of 2.51 is 47.6% above this benchmark. Historically, AoFrio's own Debt-to-EBITDA has ranged from 0.74 to 35.53 over the past decade. While the company's 10-year median is 3.24 vs. the industry median of 1.70, AoFrio 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 an Industrial Products company?
The median Debt-to-EBITDA among Industrial Products companies is 1.70, based on 2,332 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. AoFrio's current Debt-to-EBITDA of 2.51 is 47.6% 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 AoFrio. For the Industrial Products industry, the median Debt-to-EBITDA is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AoFrio's current Debt-to-EBITDA is 2.51, which is 23% below median its own 10-year median of 3.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AoFrio stock overvalued right now?
Based on GuruFocus' analysis, AoFrio (NZSE:AOF) is currently considered Modestly Undervalued. The stock's GF Value™ is NZ$0.09, compared to a current price of NZ$0.07 — trading 17.8% below its estimated fair value. The current Debt-to-EBITDA is 2.51, which is 23% below median its 10-year median of 3.24 and 47.6% above the Industrial Products industry median of 1.70. 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 AoFrio (NZSE:AOF), the current Debt-to-EBITDA is 2.51 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.
AoFrio Ltd is engaged in developing Internet of Things (IoT) solutions and manufacture, market and sell energy saving, electronically commutated (EC) motors and fans globally. The company operates in two segments, Motors and IoT. The IoT segment derives majority of the revenue. Geographically it operates in Americas, Asia / Pacific (APAC), and Europe / Middle East / Africa (EMEA), with Americas deriving the majority of the revenue.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NZSE:AOF has been successfully added to your 
