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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.
SHSE:600032's Debt-to-EBITDA is ranked worse than 90.52% of 348
companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.81
vs SHSE:600032: 18.90
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.
Zhejiang Provincial New Energy Investment Group Co Debt-to-EBITDA Related Terms
Zhejiang Provincial New Energy Investment Group Co Debt-to-EBITDA Historical Data
* 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.
Zhejiang Provincial New Energy Investment Group Co Debt-to-EBITDA Chart
Zhejiang Provincial New Energy Investment Group Co Annual Data
* 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.
Zhejiang Provincial New Energy Investment Group Co Debt-to-EBITDA vs Utilities - Independent Power Producers Industry
* 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.
Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) has a Debt-to-EBITDA of 35.30 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 Zhejiang Provincial New Energy Investment Group Co. This is 363% above median its historical median of 7.62. Over the past decade, Zhejiang Provincial New Energy Investment Group Co's Debt-to-EBITDA has ranged from 3.04 to 18.90. According to the industry distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #315 out of 348 companies in the Utilities - Independent Power Producers industry, placing it in the top 90.5%.
Is Zhejiang Provincial New Energy Investment Group Co's Debt-to-EBITDA too high?
Zhejiang Provincial New Energy Investment Group Co's current Debt-to-EBITDA of 35.30 is 363% above median its 10-year median of 7.62. Over the past 10 years, this metric has ranged from a low of 3.04 to a high of 18.90. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.81. Zhejiang Provincial New Energy Investment Group Co's value of 35.30 is 633.9% above this industry median. Based on the distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #315 out of 348 companies in the Utilities - Independent Power Producers industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Provincial New Energy Investment Group Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Provincial New Energy Investment Group Co's Debt-to-EBITDA compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Zhejiang Provincial New Energy Investment Group Co ranks #315 out of 348 companies for Debt-to-EBITDA. This places Zhejiang Provincial New Energy Investment Group Co in the lower half of its industry. The industry median Debt-to-EBITDA is 4.81. Zhejiang Provincial New Energy Investment Group Co's value of 35.30 is 633.9% above this benchmark. Historically, Zhejiang Provincial New Energy Investment Group Co's own Debt-to-EBITDA has ranged from 3.04 to 18.90 over the past decade. While the company's 10-year median is 7.62 vs. the industry median of 4.81, Zhejiang Provincial New Energy Investment Group Co 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 Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.81, based on 348 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. Zhejiang Provincial New Energy Investment Group Co's current Debt-to-EBITDA of 35.30 is 633.9% 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 Zhejiang Provincial New Energy Investment Group Co. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Provincial New Energy Investment Group Co's current Debt-to-EBITDA is 35.30, which is 363% above median its own 10-year median of 7.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Provincial New Energy Investment Group Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) is currently considered Fairly Valued. The stock's GF Value™ is ¥7.49, compared to a current price of ¥7.43 — trading 0.8% below its estimated fair value. The current Debt-to-EBITDA is 35.30, which is 363% above median its 10-year median of 7.62 and 633.9% above the Utilities - Independent Power Producers industry median of 4.81. Zhejiang Provincial New Energy Investment Group Co's overall GF Score™ is 73/100 with 9 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 Zhejiang Provincial New Energy Investment Group Co (SHSE:600032), the current Debt-to-EBITDA is 35.30 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 Zhejiang Provincial New Energy Investment Group Co (SHSE:600032) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Provincial New Energy Investment Group Co stock appears to be undervalued.
The current stock price of ¥7.43 is trading 0.8% below its estimated GF Value™ of ¥7.49.
GuruFocus considers Zhejiang Provincial New Energy Investment Group Co to be Fairly Valued.
Key valuation signals for SHSE:600032:
Debt-to-EBITDA: 35.30 (363% above median its 10-year median of 7.62)
GF Value™: ¥7.49 vs. price of ¥7.43 (0.8% below fair value)
Industry Position: 633.9% above the Utilities - Independent Power Producers median (#315 of 348)
No single metric tells the full story. See the SHSE:600032 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Provincial New Energy Investment Group Co Ltd is engaged in the investment, development, construction and operation management of renewable energy projects such as hydropower, photovoltaic power generation, and wind power generation.
73GF Score
Get the complete analysis for SHSE:600032
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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