Cemat AS (OCSE:CEMAT) Debt-to-EBITDA : 0.16 (As of Dec. 2025) — 69% Below Median

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OCSE:CEMAT Cemat AS OCSE:CEMAT
69 GF Score
Price kr0.87
GF Value kr5.01
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Cemat AS Debt-to-EBITDA?

Cemat AS OCSE:CEMAT -1.14% 69 Debt-to-EBITDA is 0.16 as of Dec. 2025, which is 69% below its 10-year median of 0.52. GuruFocus rates OCSE:CEMAT with a GF Score™ of 69/100 and a GF Value™ of kr5.01 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,277 Real Estate companies, Cemat AS ranks better than 92.01% on this metric.

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

Cemat AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was kr1.9 Mil. Cemat AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was kr24.3 Mil. Cemat AS's annualized EBITDA for the quarter that ended in Dec. 2025 was kr167.2 Mil. Cemat AS's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 0.16.

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 Cemat AS's Debt-to-EBITDA or its related term are showing as below:

OCSE:CEMAT' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.18   Med: 0.52   Max: 2.27
Current: 0.3

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cemat AS was 2.27. The lowest was -0.18. And the median was 0.52.

OCSE:CEMAT's Debt-to-EBITDA is ranked better than
92.01% of 1277 companies
in the Real Estate industry
Industry Median: 5.54 vs OCSE:CEMAT: 0.30

Cemat AS  (OCSE:CEMAT) 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.


Cemat AS Debt-to-EBITDA Related Terms


Cemat AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Cemat AS'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.

Cemat AS Debt-to-EBITDA Chart

Cemat AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.52 0.52 1.81 2.24 0.30

Cemat AS Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.09 12.00 1.29 9.91 0.16

OCSE:CEMAT vs CBRE, BEKE, JLL: Debt-to-EBITDA Comparison

For the Real Estate Services subindustry, Cemat AS'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.


Cemat AS Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Cemat AS's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Cemat AS's Debt-to-EBITDA falls into.


OCSE:CEMAT
69GF Score
Cemat AS OCSE:CEMAT
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cemat AS Debt-to-EBITDA Calculation

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

Cemat AS'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
=(1.862 + 24.283) / 86.242
=0.30

Cemat AS'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
=(1.862 + 24.283) / 167.24
=0.16

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.16 mean?
Cemat AS (OCSE:CEMAT) has a Debt-to-EBITDA of 0.16 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 Cemat AS. This is 69% below median its historical median of 0.52. According to the industry distribution chart, Cemat AS ranks #102 out of 1277 companies in the Real Estate industry, placing it in the top 8%.
Is Cemat AS's Debt-to-EBITDA too high?
Cemat AS's current Debt-to-EBITDA of 0.16 is 69% below median its 10-year median of 0.52. The Real Estate industry median Debt-to-EBITDA is 5.54. Cemat AS's value of 0.16 is 97.1% below this industry median. Based on the distribution chart, Cemat AS ranks #102 out of 1277 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Cemat AS has a GF Score™ of 69/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cemat AS's Debt-to-EBITDA compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Cemat AS ranks #102 out of 1277 companies for Debt-to-EBITDA. This places Cemat AS in the top 8% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 5.54. Cemat AS's value of 0.16 is 97.1% below this benchmark. While the company's 10-year median is 0.52 vs. the industry median of 5.54, Cemat AS 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 a Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.54, based on 1,277 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. Cemat AS's current Debt-to-EBITDA of 0.16 is 97.1% 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 Cemat AS. For the Real Estate industry, the median Debt-to-EBITDA is 5.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cemat AS's current Debt-to-EBITDA is 0.16, which is 69% below median its own 10-year median of 0.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cemat AS stock overvalued right now?
Based on GuruFocus' analysis, Cemat AS (OCSE:CEMAT) is currently considered Possible Value Trap. The stock's GF Value™ is kr5.01, compared to a current price of kr0.87 — trading 82.7% below its estimated fair value. The current Debt-to-EBITDA is 0.16, which is 69% below median its 10-year median of 0.52 and 97.1% below the Real Estate industry median of 5.54. Cemat AS's overall GF Score™ is 69/100 with 2 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 Cemat AS (OCSE:CEMAT), the current Debt-to-EBITDA is 0.16 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 Cemat AS (OCSE:CEMAT) Overvalued in 2026?

Based on GuruFocus' analysis, Cemat AS stock appears to be undervalued. The current stock price of kr0.87 is trading 82.7% below its estimated GF Value™ of kr5.01. GuruFocus considers Cemat AS to be Possible Value Trap.

Key valuation signals for OCSE:CEMAT:

  • Debt-to-EBITDA: 0.16 (69% below median its 10-year median of 0.52)
  • GF Value™: kr5.01 vs. price of kr0.87 (82.7% below fair value)
  • GF Score™: 69/100 with 2 warning signs
  • Industry Position: 97.1% below the Real Estate median (#102 of 1277)

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


Cemat AS Business Description

Other Exchanges 1X9:Germany
Address c/o DLA Piper Denmark Law Firm P/S, Oslo Plads 2, Copenhagen V, DNK, 2100
Cemat AS is a Denmark-based holding company that engages in the real estate business. The Group comprises two segments that is Property management division comprising letting of premises and land and the provision of utilities to tenants, including power, water, natural gas, facility services, etc. and the other is Property development including the preparation and implementation of development projects, in the field of housing and commercial space. The company derives maximum revenue from Property Management & Holding Segment.
69GF Score

Get the complete analysis for OCSE:CEMAT

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

kr0.87
Price
kr5.01
GF Value