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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:600968'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.35 Med: 0.54 Max: 2.25
Current: 0.75
During the past 13 years, the highest Debt-to-EBITDA Ratio of CNOOC Energy Technology & Services was 2.25. The lowest was 0.35. And the median was 0.54.
SHSE:600968's Debt-to-EBITDA is ranked better than 74.41% of 719
companies
in the Oil & Gas industry
Industry Median: 1.91
vs SHSE:600968: 0.75
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.
CNOOC Energy Technology & Services Debt-to-EBITDA Related Terms
CNOOC Energy Technology & Services 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.
CNOOC Energy Technology & Services Debt-to-EBITDA Chart
SHSE:600968 vs SLB, BKR, FTI: Debt-to-EBITDA Comparison
For the Oil & Gas Equipment & Services subindustry, CNOOC Energy Technology & Services'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.
CNOOC Energy Technology & Services Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CNOOC Energy Technology & Services's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where CNOOC Energy Technology & Services'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.
CNOOC Energy Technology & Services (SHSE:600968) has a Debt-to-EBITDA of 1.04 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 CNOOC Energy Technology & Services. This is 93% above median its historical median of 0.54. Over the past decade, CNOOC Energy Technology & Services' Debt-to-EBITDA has ranged from 0.35 to 2.25. According to the industry distribution chart, CNOOC Energy Technology & Services ranks #184 out of 719 companies in the Oil & Gas industry, placing it in the top 25.6%.
Is CNOOC Energy Technology & Services' Debt-to-EBITDA too high?
CNOOC Energy Technology & Services' current Debt-to-EBITDA of 1.04 is 93% above median its 10-year median of 0.54. Over the past 10 years, this metric has ranged from a low of 0.35 to a high of 2.25. The Oil & Gas industry median Debt-to-EBITDA is 1.91. CNOOC Energy Technology & Services' value of 1.04 is 45.5% below this industry median. Based on the distribution chart, CNOOC Energy Technology & Services ranks #184 out of 719 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, CNOOC Energy Technology & Services has a GF Score™ of 77/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does CNOOC Energy Technology & Services' Debt-to-EBITDA compare to SLB and BKR?
According to the Oil & Gas industry distribution chart, CNOOC Energy Technology & Services ranks #184 out of 719 companies for Debt-to-EBITDA. This puts CNOOC Energy Technology & Services in the upper half of its industry. The industry median Debt-to-EBITDA is 1.91. CNOOC Energy Technology & Services' value of 1.04 is 45.5% below this benchmark. Historically, CNOOC Energy Technology & Services' own Debt-to-EBITDA has ranged from 0.35 to 2.25 over the past decade. While the company's 10-year median is 0.54 vs. the industry median of 1.91, CNOOC Energy Technology & Services has consistently been below 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 1.91, based on 719 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. CNOOC Energy Technology & Services's current Debt-to-EBITDA of 1.04 is 45.5% below 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 CNOOC Energy Technology & Services. For the Oil & Gas industry, the median Debt-to-EBITDA is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CNOOC Energy Technology & Services's current Debt-to-EBITDA is 1.04, which is 93% above median its own 10-year median of 0.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CNOOC Energy Technology & Services stock overvalued right now?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services (SHSE:600968) is currently considered Fairly Valued. The stock's GF Value™ is ¥3.97, compared to a current price of ¥3.98 — trading 0.3% above its estimated fair value. The current Debt-to-EBITDA is 1.04, which is 93% above median its 10-year median of 0.54 and 45.5% below the Oil & Gas industry median of 1.91. CNOOC Energy Technology & Services' overall GF Score™ is 77/100 with 2 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 CNOOC Energy Technology & Services (SHSE:600968), the current Debt-to-EBITDA is 1.04 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 CNOOC Energy Technology & Services (SHSE:600968) Overvalued in 2026?
Based on GuruFocus' analysis, CNOOC Energy Technology & Services stock appears to be overvalued.
The current stock price of ¥3.98 is trading 0.3% above its estimated GF Value™ of ¥3.97.
GuruFocus considers CNOOC Energy Technology & Services to be Fairly Valued.
Key valuation signals for SHSE:600968:
Debt-to-EBITDA: 1.04 (93% above median its 10-year median of 0.54)
GF Value™: ¥3.97 vs. price of ¥3.98 (0.3% above fair value)
Industry Position: 45.5% below the Oil & Gas median (#184 of 719)
No single metric tells the full story. See the SHSE:600968 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers majority of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: Energy technology services; Floating Production Storage and Offloading (FPSO) Production Technical Service segment; Energy logistics services; and the Safety, environmental protection and Energy conservation.
77GF Score
Get the complete analysis for SHSE:600968
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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