PNDXF (Pandox AB) Debt-to-EBITDA : 11.31 (As of Jun. 2026) — 66% 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.

PNDXF Pandox AB PNDXF
71 GF Score
Price $19.22
GF Value $21.25
! 7 Warning Signs
View Full Analysis

What is Pandox AB Debt-to-EBITDA?

Pandox AB PNDXF -4.22% 71 Debt-to-EBITDA is 11.31 as of Jun. 2026, which is 66% above its 10-year median of 6.80. GuruFocus rates PNDXF with a GF Score™ of 71/100 and a GF Value™ of $21.25. The stock has 7 warning signs investors should review. Among 1,278 Real Estate companies, Pandox AB ranks worse than 65.57% on this metric.

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

Pandox AB's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $599.2 Mil. Pandox AB's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was $5,138.6 Mil. Pandox AB's annualized EBITDA for the quarter that ended in Jun. 2026 was $507.4 Mil. Pandox AB's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 11.31.

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 Pandox AB's Debt-to-EBITDA or its related term are showing as below:

PNDXF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -108.8   Med: 6.8   Max: 19.04
Current: 8.29

During the past 13 years, the highest Debt-to-EBITDA Ratio of Pandox AB was 19.04. The lowest was -108.80. And the median was 6.80.

PNDXF's Debt-to-EBITDA is ranked worse than
65.57% of 1278 companies
in the Real Estate industry
Industry Median: 5.56 vs PNDXF: 8.29

Pandox AB  (OTCPK:PNDXF) 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.


Pandox AB Debt-to-EBITDA Related Terms


Pandox AB Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Pandox AB'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.

Pandox AB Debt-to-EBITDA Chart

Pandox AB 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 17.07 5.56 19.04 7.78 8.49

Pandox AB 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 7.60 8.72 5.00 9.20 11.31

PNDXF vs CBRE, BEKE, JLL: Debt-to-EBITDA Comparison

For the Real Estate Services subindustry, Pandox AB'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.


Pandox AB Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Pandox AB's Debt-to-EBITDA distribution charts can be found below:

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


PNDXF
71GF Score
Pandox AB PNDXF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Pandox AB Debt-to-EBITDA Calculation

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

Pandox AB'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
=(408.78 + 5299.08) / 672.728
=8.48

Pandox AB'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
=(599.233 + 5138.563) / 507.384
=11.31

* 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 11.31 mean?
Pandox AB (PNDXF) has a Debt-to-EBITDA of 11.31 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 Pandox AB. This is 66% above median its historical median of 6.80. According to the industry distribution chart, Pandox AB ranks #838 out of 1278 companies in the Real Estate industry, placing it in the top 65.6%.
Is Pandox AB's Debt-to-EBITDA too high?
Pandox AB's current Debt-to-EBITDA of 11.31 is 66% above median its 10-year median of 6.80. The Real Estate industry median Debt-to-EBITDA is 5.56. Pandox AB's value of 11.31 is 103.4% above this industry median. Based on the distribution chart, Pandox AB ranks #838 out of 1278 companies in the Real Estate industry, which is below the industry midpoint. Overall, Pandox AB has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Pandox AB's Debt-to-EBITDA compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Pandox AB ranks #838 out of 1278 companies for Debt-to-EBITDA. This places Pandox AB in the lower half of its industry. The industry median Debt-to-EBITDA is 5.56. Pandox AB's value of 11.31 is 103.4% above this benchmark. While the company's 10-year median is 6.80 vs. the industry median of 5.56, Pandox AB 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.56, based on 1,278 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. Pandox AB's current Debt-to-EBITDA of 11.31 is 103.4% 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 Pandox AB. For the Real Estate industry, the median Debt-to-EBITDA is 5.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pandox AB's current Debt-to-EBITDA is 11.31, which is 66% above median its own 10-year median of 6.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pandox AB stock overvalued right now?
Pandox AB (PNDXF) has a current Debt-to-EBITDA of 11.31. The stock's GF Value™ is $21.25, compared to a current price of $19.22 — trading 9.5% below its estimated fair value. The current Debt-to-EBITDA is 11.31, which is 66% above median its 10-year median of 6.80 and 103.4% above the Real Estate industry median of 5.56. Pandox AB's overall GF Score™ is 71/100 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 Pandox AB (PNDXF), the current Debt-to-EBITDA is 11.31 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 Pandox AB (PNDXF) Overvalued in 2026?

Based on GuruFocus' analysis, Pandox AB stock appears to be undervalued. The current stock price of $19.22 is trading 9.5% below its estimated GF Value™ of $21.25.

Key valuation signals for PNDXF:

  • Debt-to-EBITDA: 11.31 (66% above median its 10-year median of 6.80)
  • GF Value™: $21.25 vs. price of $19.22 (9.5% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 103.4% above the Real Estate median (#838 of 1278)

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


Pandox AB Business Description

Address Vasagatan 11, 9th floor, Box 15, Stockholm, SWE, SE-101 20
Pandox AB is a hotel property company focused on owning, developing, and leasing hotel properties to hotel operators, with its business concept based on long-term, revenue-based leases with guaranteed minimum levels. It also operates certain hotels itself as part of its ownership. Its activities include property management, property development, and portfolio optimisation, along with leasing hotel properties and operating hotels under its Own Operations segment. The Company operates through two main segments, namely Leases, which contributes the maximum revenue and is the core business with long-term revenue-based lease agreements, and Own Operations, where the Company operates hotels in its own properties. Geographically, Pandox has a presence across Europe.
71GF Score

Get the complete analysis for PNDXF

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

$19.22
Price
$21.25
GF Value