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Reach Subsea ASAOSL:REACH +0.76%77 Debt-to-EBITDA is 5.62 as of Mar. 2026, which is 372% above its 10-year median of 1.19. GuruFocus rates OSL:REACH with a GF Score™ of 77/100 and a GF Value™ of kr6.47 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 705 Oil & Gas companies, Reach Subsea ASA ranks better than 53.19% 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 Reach Subsea ASA's Debt-to-EBITDA or its related term are showing as below:
OSL:REACH'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.16 Med: 1.19 Max: 4.05
Current: 1.87
During the past 13 years, the highest Debt-to-EBITDA Ratio of Reach Subsea ASA was 4.05. The lowest was 0.16. And the median was 1.19.
OSL:REACH's Debt-to-EBITDA is ranked better than 53.19% of 705
companies
in the Oil & Gas industry
Industry Median: 2.07
vs OSL:REACH: 1.87
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.
Reach Subsea ASA Debt-to-EBITDA Related Terms
Reach Subsea ASA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Reach Subsea 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.
OSL:REACH vs SLB, BKR, FTI: Debt-to-EBITDA Comparison
For the Oil & Gas Equipment & Services subindustry, Reach Subsea 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.
Reach Subsea ASA Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Reach Subsea ASA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Reach Subsea ASA'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 four times the quarterly (Mar. 2026) EBITDA data.
Reach Subsea ASA (OSL:REACH) has a Debt-to-EBITDA of 5.62 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 Reach Subsea ASA. This is 372% above median its historical median of 1.19. Over the past decade, Reach Subsea ASA's Debt-to-EBITDA has ranged from 0.16 to 4.05. According to the industry distribution chart, Reach Subsea ASA ranks #330 out of 705 companies in the Oil & Gas industry, placing it in the top 46.8%.
Is Reach Subsea ASA's Debt-to-EBITDA too high?
Reach Subsea ASA's current Debt-to-EBITDA of 5.62 is 372% above median its 10-year median of 1.19. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 4.05. The Oil & Gas industry median Debt-to-EBITDA is 2.07. Reach Subsea ASA's value of 5.62 is 171.5% above this industry median. Based on the distribution chart, Reach Subsea ASA ranks #330 out of 705 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Reach Subsea ASA has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Reach Subsea ASA's Debt-to-EBITDA compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, Reach Subsea ASA ranks #330 out of 705 companies for Debt-to-EBITDA. This puts Reach Subsea ASA in the upper half of its industry. The industry median Debt-to-EBITDA is 2.07. Reach Subsea ASA's value of 5.62 is 171.5% above this benchmark. Historically, Reach Subsea ASA's own Debt-to-EBITDA has ranged from 0.16 to 4.05 over the past decade. While the company's 10-year median is 1.19 vs. the industry median of 2.07, Reach Subsea ASA 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 Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.07, based on 705 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. Reach Subsea ASA's current Debt-to-EBITDA of 5.62 is 171.5% 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 Reach Subsea ASA. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Reach Subsea ASA's current Debt-to-EBITDA is 5.62, which is 372% above median its own 10-year median of 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Reach Subsea ASA stock overvalued right now?
Based on GuruFocus' analysis, Reach Subsea ASA (OSL:REACH) is currently considered Modestly Undervalued. The stock's GF Value™ is kr6.47, compared to a current price of kr5.29 — trading 18.2% below its estimated fair value. The current Debt-to-EBITDA is 5.62, which is 372% above median its 10-year median of 1.19 and 171.5% above the Oil & Gas industry median of 2.07. Reach Subsea ASA's overall GF Score™ is 77/100 with 7 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 Reach Subsea ASA (OSL:REACH), the current Debt-to-EBITDA is 5.62 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 Reach Subsea ASA (OSL:REACH) Overvalued in 2026?
Based on GuruFocus' analysis, Reach Subsea ASA stock appears to be undervalued.
The current stock price of kr5.29 is trading 18.2% below its estimated GF Value™ of kr6.47.
GuruFocus considers Reach Subsea ASA to be Modestly Undervalued.
Key valuation signals for OSL:REACH:
Debt-to-EBITDA: 5.62 (372% above median its 10-year median of 1.19)
GF Value™: kr6.47 vs. price of kr5.29 (18.2% below fair value)
Industry Position: 171.5% above the Oil & Gas median (#330 of 705)
No single metric tells the full story. See the OSL:REACH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Reach Subsea ASA is a Norwegian subsea service provider. The services provided by the company include vessel fleet which comprises of edda fonn which is used for survey and light construction services, havila subsea, normand reach for complex offshore operations, viking neptun for cable installation and heavy lifting, and stril explorer. It two reportable segments namely Oil and Gas and Renewable and others. The company generates maximum revenue from the Oil and Gas segment. Geographically, the company has operated multiple regions, including Brazil, the U.S Gulf, the Caribbean, the Atlantic, the Mediterranean, West Africa including Ivory Coast, the Baltic, the Middle East, and the Asia-Pacific region, covering Singapore, Taiwan, Japan, Australia and Oceania.
77GF Score
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