H+H International AS (OCSE:HH) Debt-to-EBITDA : 2.87 (As of Jun. 2026) — 57% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

OCSE:HH H+H International AS OCSE:HH
71 GF Score
Price kr100.00
GF Value kr91.57
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is H+H International AS Debt-to-EBITDA?

H+H International AS OCSE:HH -0.79% 71 Debt-to-EBITDA is 2.87 as of Jun. 2026, which is 57% above its 10-year median of 1.83. GuruFocus rates OCSE:HH with a GF Score™ of 71/100 and a GF Value™ of kr91.57 (Fairly Valued). The stock has 8 warning signs investors should review. Among 330 Building Materials companies, H+H International AS ranks worse than 79.39% on this metric.

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

H+H International AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr29 Mil. H+H International AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was kr1,037 Mil. H+H International AS's annualized EBITDA for the quarter that ended in Jun. 2026 was kr372 Mil. H+H International AS's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 2.87.

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

OCSE:HH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.77   Med: 1.83   Max: 14.45
Current: 4.76

During the past 13 years, the highest Debt-to-EBITDA Ratio of H+H International AS was 14.45. The lowest was -2.77. And the median was 1.83.

OCSE:HH's Debt-to-EBITDA is ranked worse than
79.39% of 330 companies
in the Building Materials industry
Industry Median: 2.06 vs OCSE:HH: 4.76

H+H International AS  (OCSE:HH) 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.


H+H International AS Debt-to-EBITDA Related Terms


H+H International AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for H+H International 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.

H+H International AS Debt-to-EBITDA Chart

H+H International 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 1.52 1.38 14.45 4.45 -2.77

H+H International AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 7.10 5.75 3.61 26.53 2.87

OCSE:HH vs CRH, MLM, VMC: Debt-to-EBITDA Comparison

For the Building Materials subindustry, H+H International 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.


H+H International AS Debt-to-EBITDA vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, H+H International AS's Debt-to-EBITDA distribution charts can be found below:

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


OCSE:HH
71GF Score
H+H International AS OCSE:HH
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

H+H International AS Debt-to-EBITDA Calculation

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

H+H International 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
=(28 + 940) / -349
=-2.77

H+H International AS's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(29 + 1037) / 372
=2.87

* 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 (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.87 mean?
H+H International AS (OCSE:HH) has a Debt-to-EBITDA of 2.87 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on H+H International AS. This is 57% above median its historical median of 1.83. According to the industry distribution chart, H+H International AS ranks #262 out of 330 companies in the Building Materials industry, placing it in the top 79.4%.
Is H+H International AS's Debt-to-EBITDA too high?
H+H International AS's current Debt-to-EBITDA of 2.87 is 57% above median its 10-year median of 1.83. The Building Materials industry median Debt-to-EBITDA is 2.06. H+H International AS's value of 2.87 is 39.3% above this industry median. Based on the distribution chart, H+H International AS ranks #262 out of 330 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, H+H International AS has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does H+H International AS's Debt-to-EBITDA compare to CRH and MLM?
According to the Building Materials industry distribution chart, H+H International AS ranks #262 out of 330 companies for Debt-to-EBITDA. This places H+H International AS in the lower half of its industry. The industry median Debt-to-EBITDA is 2.06. H+H International AS's value of 2.87 is 39.3% above this benchmark. While the company's 10-year median is 1.83 vs. the industry median of 2.06, H+H International AS 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 Building Materials company?
The median Debt-to-EBITDA among Building Materials companies is 2.06, based on 330 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. H+H International AS's current Debt-to-EBITDA of 2.87 is 39.3% 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 H+H International AS. For the Building Materials industry, the median Debt-to-EBITDA is 2.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. H+H International AS's current Debt-to-EBITDA is 2.87, which is 57% above median its own 10-year median of 1.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is H+H International AS stock overvalued right now?
Based on GuruFocus' analysis, H+H International AS (OCSE:HH) is currently considered Fairly Valued. The stock's GF Value™ is kr91.57, compared to a current price of kr100.00 — trading 9.2% above its estimated fair value. The current Debt-to-EBITDA is 2.87, which is 57% above median its 10-year median of 1.83 and 39.3% above the Building Materials industry median of 2.06. H+H International AS's overall GF Score™ is 71/100 with 8 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 H+H International AS (OCSE:HH), the current Debt-to-EBITDA is 2.87 as of Jun. 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 H+H International AS (OCSE:HH) Overvalued in 2026?

Based on GuruFocus' analysis, H+H International AS stock appears to be overvalued. The current stock price of kr100.00 is trading 9.2% above its estimated GF Value™ of kr91.57. GuruFocus considers H+H International AS to be Fairly Valued.

Key valuation signals for OCSE:HH:

  • Debt-to-EBITDA: 2.87 (57% above median its 10-year median of 1.83)
  • GF Value™: kr91.57 vs. price of kr100.00 (9.2% above fair value)
  • GF Score™: 71/100 with 8 warning signs
  • Industry Position: 39.3% above the Building Materials median (#262 of 330)

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


H+H International AS Business Description

Other Exchanges 0M6J:UKJ0H:Germany
Address Lautrupsgade 7, 5th Floor, Copenhagen, DNK, 2100
H+H International AS is a wall-building materials provider. The company's core activity is the production and sale of autoclaved aerated concrete (AAC or aircrete) and calcium silicate units (CSU or sand-lime bricks). The main product lines are aircrete blocks and calcium silicate units used for the residential new building segment. The company has products such as H+H Foundations Blocks, H+H wall elements can also be used for solid external walls, sound-insulation requirements, construction of walls for private low-rise houses, Self-build, Commercial and industry and many more.
71GF Score

Get the complete analysis for OCSE:HH

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

kr100.00
Price
kr91.57
GF Value