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.
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.
Techstep ASAOSL:TECH -5.14%39 Debt-to-EBITDA is 2.24 as of Mar. 2026, which is 56% above its 10-year median of 1.44. GuruFocus rates OSL:TECH with a GF Score™ of 39/100 and a GF Value™ of kr9.40 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,794 Hardware companies, Techstep ASA ranks better than 64.99% 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 Techstep ASA's Debt-to-EBITDA or its related term are showing as below:
OSL:TECH'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.08 Med: 1.44 Max: 3.83
Current: 0.89
During the past 13 years, the highest Debt-to-EBITDA Ratio of Techstep ASA was 3.83. The lowest was -5.08. And the median was 1.44.
OSL:TECH's Debt-to-EBITDA is ranked better than 64.99% of 1794
companies
in the Hardware industry
Industry Median: 1.71
vs OSL:TECH: 0.89
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.
Techstep ASA Debt-to-EBITDA Related Terms
Techstep ASA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Techstep 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:TECH vs CSCO, CIEN, MSI: Debt-to-EBITDA Comparison
For the Communication Equipment subindustry, Techstep 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.
Techstep ASA Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Techstep ASA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Techstep 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.
Techstep ASA (OSL:TECH) has a Debt-to-EBITDA of 2.24 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 Techstep ASA. This is 56% above median its historical median of 1.44. According to the industry distribution chart, Techstep ASA ranks #628 out of 1794 companies in the Hardware industry, placing it in the top 35%.
Is Techstep ASA's Debt-to-EBITDA too high?
Techstep ASA's current Debt-to-EBITDA of 2.24 is 56% above median its 10-year median of 1.44. The Hardware industry median Debt-to-EBITDA is 1.71. Techstep ASA's value of 2.24 is 31% above this industry median. Based on the distribution chart, Techstep ASA ranks #628 out of 1794 companies in the Hardware industry, which is above the industry midpoint. Overall, Techstep ASA has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Techstep ASA's Debt-to-EBITDA compare to CSCO and CIEN?
According to the Hardware industry distribution chart, Techstep ASA ranks #628 out of 1794 companies for Debt-to-EBITDA. This puts Techstep ASA in the upper half of its industry. The industry median Debt-to-EBITDA is 1.71. Techstep ASA's value of 2.24 is 31% above this benchmark. While the company's 10-year median is 1.44 vs. the industry median of 1.71, Techstep 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 a Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,794 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. Techstep ASA's current Debt-to-EBITDA of 2.24 is 31% 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 Techstep ASA. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Techstep ASA's current Debt-to-EBITDA is 2.24, which is 56% above median its own 10-year median of 1.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Techstep ASA stock overvalued right now?
Based on GuruFocus' analysis, Techstep ASA (OSL:TECH) is currently considered Possible Value Trap. The stock's GF Value™ is kr9.40, compared to a current price of kr2.40 — trading 74.5% below its estimated fair value. The current Debt-to-EBITDA is 2.24, which is 56% above median its 10-year median of 1.44 and 31% above the Hardware industry median of 1.71. Techstep ASA's overall GF Score™ is 39/100 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 Techstep ASA (OSL:TECH), the current Debt-to-EBITDA is 2.24 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 Techstep ASA (OSL:TECH) Overvalued in 2026?
Based on GuruFocus' analysis, Techstep ASA stock appears to be undervalued.
The current stock price of kr2.40 is trading 74.5% below its estimated GF Value™ of kr9.40.
GuruFocus considers Techstep ASA to be Possible Value Trap.
Key valuation signals for OSL:TECH:
Debt-to-EBITDA: 2.24 (56% above median its 10-year median of 1.44)
GF Value™: kr9.40 vs. price of kr2.40 (74.5% below fair value)
Industry Position: 31% above the Hardware median (#628 of 1794)
No single metric tells the full story. See the OSL:TECH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Techstep ASA is a Nordic enabler of the mobile workplace, delivering a full range of devices and services to facilitate mobile workplaces. The company bundles mobile devices, software, information security, and expertise for its customers. Its Device Lifecycle Management Platform enables IT vendors to scale and optimise their Device-as-a-Service business, enhancing efficiency, control, and user experience at every lifecycle stage. In addition, the company offers various workplace devices and services such as mobile devices and accessories, laptops, device management and security services, and others. A majority of its revenue is generated from the provision of workplace devices for its clients. Geographically, it derives maximum revenue from Norway, followed by Sweden, Denmark, and Poland.
39GF Score
Get the complete analysis for OSL:TECH
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
OSL:TECH has been successfully added to your 
