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.
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 poLight ASA's Debt-to-EBITDA or its related term are showing as below:
OSTO:PLTo'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.12 Med: -0.06 Max: -0.01
Current: -0.1
During the past 12 years, the highest Debt-to-EBITDA Ratio of poLight ASA was -0.01. The lowest was -0.12. And the median was -0.06.
OSTO:PLTo's Debt-to-EBITDA is ranked worse than 100% of 1796
companies
in the Hardware industry
Industry Median: 1.715
vs OSTO:PLTo: -0.10
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.
poLight ASA Debt-to-EBITDA Related Terms
poLight ASA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for poLight 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.
OSTO:PLTO vs APH, GLW, TEL: Debt-to-EBITDA Comparison
For the Electronic Components subindustry, poLight 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.
poLight ASA Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, poLight ASA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where poLight 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.
poLight ASA (OSTO:PLTO) has a Debt-to-EBITDA of -0.14 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 poLight ASA. According to the industry distribution chart, poLight ASA ranks #999999 out of 1796 companies in the Hardware industry.
Is poLight ASA's Debt-to-EBITDA too high?
poLight ASA's current Debt-to-EBITDA is -0.14. Based on the distribution chart, poLight ASA ranks #999999 out of 1796 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, poLight ASA has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does poLight ASA's Debt-to-EBITDA compare to APH and GLW?
According to the Hardware industry distribution chart, poLight ASA ranks #999999 out of 1796 companies for Debt-to-EBITDA. This places poLight ASA in the lower half of its industry. The industry median Debt-to-EBITDA is 1.72. 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 1.72, based on 1,796 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 poLight ASA. For the Hardware industry, the median Debt-to-EBITDA is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. poLight ASA's current Debt-to-EBITDA is -0.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is poLight ASA stock overvalued right now?
poLight ASA (OSTO:PLTO) has a current Debt-to-EBITDA of -0.14. The stock's GF Value™ is kr2.22, compared to a current price of kr5.98 — trading 169.4% above its estimated fair value. The current Debt-to-EBITDA is -0.14. poLight ASA's overall GF Score™ is 44/100 with 4 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 poLight ASA (OSTO:PLTO), the current Debt-to-EBITDA is -0.14 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 poLight ASA (OSTO:PLTO) Overvalued in 2026?
Based on GuruFocus' analysis, poLight ASA stock appears to be overvalued.
The current stock price of kr5.98 is trading 169.4% above its estimated GF Value™ of kr2.22.
Key valuation signals for OSTO:PLTO:
Debt-to-EBITDA: -0.14
GF Value™: kr2.22 vs. price of kr5.98 (169.4% above fair value)
No single metric tells the full story. See the OSTO:PLTO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
poLight ASA provides photographic lenses used in cameras for smartphones, wearables such as watches and glasses, and industrial applications including medical and retail. The company specializes in optics, polymers, micro-electromechanical systems technology, and image application and processing. Its products include Driver ASIC and TLens. The Group has only one operating segment the TLens technology platform. Its geographical segments are the United States, Asia, and Europe.
44GF Score
Get the complete analysis for OSTO:PLTO
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
OSTO:PLTO has been successfully added to your 
