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VectorNZSE:VCT -0.41%73 Debt-to-EBITDA is 3.28 as of Dec. 2025, which is 32% below its 10-year median of 4.85. GuruFocus rates NZSE:VCT with a GF Score™ of 73/100 and a GF Value™ of NZ$4.18 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 449 Utilities - Regulated companies, Vector ranks better than 52.34% 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 Vector's Debt-to-EBITDA or its related term are showing as below:
NZSE:VCT'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.7 Med: 4.85 Max: 7.94
Current: 3.81
During the past 13 years, the highest Debt-to-EBITDA Ratio of Vector was 7.94. The lowest was 3.70. And the median was 4.85.
NZSE:VCT's Debt-to-EBITDA is ranked better than 52.34% of 449
companies
in the Utilities - Regulated industry
Industry Median: 4.04
vs NZSE:VCT: 3.81
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.
Vector Debt-to-EBITDA Related Terms
Vector Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Vector'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.
For the Utilities - Diversified subindustry, Vector'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.
Vector Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Vector's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Vector'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.
Vector (NZSE:VCT) has a Debt-to-EBITDA of 3.28 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 Vector. This is 32% below median its historical median of 4.85. Over the past decade, Vector's Debt-to-EBITDA has ranged from 3.70 to 7.94. According to the industry distribution chart, Vector ranks #214 out of 449 companies in the Utilities - Regulated industry, placing it in the top 47.7%.
Is Vector's Debt-to-EBITDA too high?
Vector's current Debt-to-EBITDA of 3.28 is 32% below median its 10-year median of 4.85. Over the past 10 years, this metric has ranged from a low of 3.70 to a high of 7.94. The Utilities - Regulated industry median Debt-to-EBITDA is 4.04. Vector's value of 3.28 is 18.8% below this industry median. Based on the distribution chart, Vector ranks #214 out of 449 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Vector has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Vector's Debt-to-EBITDA compare to SRE and AES?
According to the Utilities - Regulated industry distribution chart, Vector ranks #214 out of 449 companies for Debt-to-EBITDA. This puts Vector in the upper half of its industry. The industry median Debt-to-EBITDA is 4.04. Vector's value of 3.28 is 18.8% below this benchmark. Historically, Vector's own Debt-to-EBITDA has ranged from 3.70 to 7.94 over the past decade. While the company's 10-year median is 4.85 vs. the industry median of 4.04, Vector 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 - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 4.04, based on 449 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. Vector's current Debt-to-EBITDA of 3.28 is 18.8% 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 Vector. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 4.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vector's current Debt-to-EBITDA is 3.28, which is 32% below median its own 10-year median of 4.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vector stock overvalued right now?
Based on GuruFocus' analysis, Vector (NZSE:VCT) is currently considered Modestly Overvalued. The stock's GF Value™ is NZ$4.18, compared to a current price of NZ$4.88 — trading 16.7% above its estimated fair value. The current Debt-to-EBITDA is 3.28, which is 32% below median its 10-year median of 4.85 and 18.8% below the Utilities - Regulated industry median of 4.04. Vector's overall GF Score™ is 73/100 with 9 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 Vector (NZSE:VCT), the current Debt-to-EBITDA is 3.28 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 Vector (NZSE:VCT) Overvalued in 2026?
Based on GuruFocus' analysis, Vector stock appears to be overvalued.
The current stock price of NZ$4.88 is trading 16.7% above its estimated GF Value™ of NZ$4.18.
GuruFocus considers Vector to be Modestly Overvalued.
Key valuation signals for NZSE:VCT:
Debt-to-EBITDA: 3.28 (32% below median its 10-year median of 4.85)
GF Value™: NZ$4.18 vs. price of NZ$4.88 (16.7% above fair value)
Industry Position: 18.8% below the Utilities - Regulated median (#214 of 449)
No single metric tells the full story. See the NZSE:VCT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vector Ltd is a New Zealand infrastructure company. The company's operating segment includes Electricity Distribution; and Gas Distribution. It generates maximum revenue from the Electricity Distribution segment. The Auckland electricity distribution services segment includes Auckland electricity distribution services. Gas Trading includes Auckland Gas distribution services.
73GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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