Borgestad ASA (OSL:BOR) Debt-to-EBITDA : -11.92 (As of Mar. 2026)

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OSL:BOR Borgestad ASA OSL:BOR
64 GF Score
Price kr16.00
GF Value kr16.25
Valuation Fairly Valued
! 5 Warning Signs
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What is Borgestad ASA Debt-to-EBITDA?

Borgestad ASA OSL:BOR 64 Debt-to-EBITDA is -11.92 as of Mar. 2026. GuruFocus rates OSL:BOR with a GF Score™ of 64/100 and a GF Value™ of kr16.25 (Fairly Valued). The stock has 5 warning signs investors should review. Among 332 Building Materials companies, Borgestad ASA ranks worse than 77.11% on this metric.

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

Borgestad ASA's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr78 Mil. Borgestad ASA's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was kr378 Mil. Borgestad ASA's annualized EBITDA for the quarter that ended in Mar. 2026 was kr-38 Mil. Borgestad ASA's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -11.92.

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 Borgestad ASA's Debt-to-EBITDA or its related term are showing as below:

OSL:BOR' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -15.61   Med: 9.81   Max: 20.48
Current: 5.09

During the past 13 years, the highest Debt-to-EBITDA Ratio of Borgestad ASA was 20.48. The lowest was -15.61. And the median was 9.81.

OSL:BOR's Debt-to-EBITDA is ranked worse than
77.11% of 332 companies
in the Building Materials industry
Industry Median: 2.27 vs OSL:BOR: 5.09

Borgestad ASA  (OSL:BOR) 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.


Borgestad ASA Debt-to-EBITDA Related Terms


Borgestad ASA Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Borgestad ASA'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.

Borgestad ASA Debt-to-EBITDA Chart

Borgestad ASA 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 17.84 -15.61 9.92 3.03 4.86

Borgestad ASA Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -20.48 6.99 1.90 7.27 -11.92

OSL:BOR vs CRH, VMC, MLM: Debt-to-EBITDA Comparison

For the Building Materials subindustry, Borgestad ASA'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.


Borgestad ASA Debt-to-EBITDA vs Building Materials Industry

For the Building Materials industry and Basic Materials sector, Borgestad ASA's Debt-to-EBITDA distribution charts can be found below:

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


OSL:BOR
64GF Score
Borgestad ASA OSL:BOR
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Borgestad ASA Debt-to-EBITDA Calculation

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

Borgestad ASA'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
=(87.62 + 369.891) / 94.152
=4.86

Borgestad ASA's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(78.065 + 378.343) / -38.276
=-11.92

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -11.92 mean?
Borgestad ASA (OSL:BOR) has a Debt-to-EBITDA of -11.92 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 Borgestad ASA. According to the industry distribution chart, Borgestad ASA ranks #256 out of 332 companies in the Building Materials industry, placing it in the top 77.1%.
Is Borgestad ASA's Debt-to-EBITDA too high?
Borgestad ASA's current Debt-to-EBITDA is -11.92. Based on the distribution chart, Borgestad ASA ranks #256 out of 332 companies in the Building Materials industry, which is in the bottom quartile relative to peers. Overall, Borgestad ASA has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Borgestad ASA's Debt-to-EBITDA compare to CRH and VMC?
According to the Building Materials industry distribution chart, Borgestad ASA ranks #256 out of 332 companies for Debt-to-EBITDA. This places Borgestad ASA in the lower half of its industry. The industry median Debt-to-EBITDA is 2.27. 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 2.27, based on 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. 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 Borgestad ASA. For the Building Materials industry, the median Debt-to-EBITDA is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Borgestad ASA's current Debt-to-EBITDA is -11.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Borgestad ASA stock overvalued right now?
Based on GuruFocus' analysis, Borgestad ASA (OSL:BOR) is currently considered Fairly Valued. The stock's GF Value™ is kr16.25, compared to a current price of kr16.00 — trading 1.5% below its estimated fair value. The current Debt-to-EBITDA is -11.92. Borgestad ASA's overall GF Score™ is 64/100 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 Borgestad ASA (OSL:BOR), the current Debt-to-EBITDA is -11.92 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 Borgestad ASA (OSL:BOR) Overvalued in 2026?

Based on GuruFocus' analysis, Borgestad ASA stock appears to be undervalued. The current stock price of kr16.00 is trading 1.5% below its estimated GF Value™ of kr16.25. GuruFocus considers Borgestad ASA to be Fairly Valued.

Key valuation signals for OSL:BOR:

  • Debt-to-EBITDA: -11.92
  • GF Value™: kr16.25 vs. price of kr16.00 (1.5% below fair value)
  • GF Score™: 64/100 with 5 warning signs

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


Borgestad ASA Business Description

Other Exchanges 0DTO:UK
Address Fornebuveien 1, Lysaker, NOR, 1366
Borgestad ASA is an investment company engaged in the real estate and refractory businesses. The Group has three operating segments: Real Estate, Refractory, and Other Activities. The Real Estate segment consists mainly of the Agora Bytom shopping center in Bytom, Poland. The Refractory segment develops, manufactures, and delivers refractory products, installations, and concept solutions to industrial customers through the Hoganas Borgestad Group. Its refractory materials are used to protect industrial production equipment exposed to high temperatures. The Other Activities segment includes operations in Borgestad ASA and its holding companies. Geographically, the company derives key revenue from Sweden, followed by Norway, Finland, and other regions.
64GF Score

Get the complete analysis for OSL:BOR

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

kr16.00
Price
kr16.25
GF Value