Steppe CementSPPCF 55 Debt-to-EBITDA is 0.16 as of Dec. 2025, which is 72% below its 10-year median of 0.57. GuruFocus rates SPPCF with a GF Score™ of 55/100 and a GF Value™ of $0.30. The stock has 6 warning signs investors should review. Among 330 Building Materials companies, Steppe Cement ranks better than 85.15% 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 Steppe Cement's Debt-to-EBITDA or its related term are showing as below:
SPPCF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.23 Med: 0.57 Max: 2.57
Current: 0.24
During the past 13 years, the highest Debt-to-EBITDA Ratio of Steppe Cement was 2.57. The lowest was 0.23. And the median was 0.57.
SPPCF's Debt-to-EBITDA is ranked better than 85.15% of 330
companies
in the Building Materials industry
Industry Median: 2.27
vs SPPCF: 0.24
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.
Steppe Cement Debt-to-EBITDA Related Terms
Steppe Cement Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Steppe Cement'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.
For the Building Materials subindustry, Steppe Cement'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.
Steppe Cement Debt-to-EBITDA vs Building Materials Industry
For the Building Materials industry and Basic Materials sector, Steppe Cement's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Steppe Cement'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 two times the quarterly (Dec. 2025) EBITDA data.
Steppe Cement (SPPCF) has a Debt-to-EBITDA of 0.16 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Steppe Cement. This is 72% below median its historical median of 0.57. Over the past decade, Steppe Cement's Debt-to-EBITDA has ranged from 0.23 to 2.57. According to the industry distribution chart, Steppe Cement ranks #49 out of 330 companies in the Building Materials industry, placing it in the top 14.8%.
Is Steppe Cement's Debt-to-EBITDA too high?
Steppe Cement's current Debt-to-EBITDA of 0.16 is 72% below median its 10-year median of 0.57. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 2.57. The Building Materials industry median Debt-to-EBITDA is 2.27. Steppe Cement's value of 0.16 is 93% below this industry median. Based on the distribution chart, Steppe Cement ranks #49 out of 330 companies in the Building Materials industry, which is in the top quartile — a strong position relative to peers. Overall, Steppe Cement has a GF Score™ of 55/100, reflecting its overall financial health beyond just this single metric.
How does Steppe Cement's Debt-to-EBITDA compare to CRH and VMC?
According to the Building Materials industry distribution chart, Steppe Cement ranks #49 out of 330 companies for Debt-to-EBITDA. This places Steppe Cement in the top 15% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 2.27. Steppe Cement's value of 0.16 is 93% below this benchmark. Historically, Steppe Cement's own Debt-to-EBITDA has ranged from 0.23 to 2.57 over the past decade. While the company's 10-year median is 0.57 vs. the industry median of 2.27, Steppe Cement 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 a Building Materials company?
The median Debt-to-EBITDA among Building Materials companies is 2.27, based on 330 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. Steppe Cement's current Debt-to-EBITDA of 0.16 is 93% 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 Steppe Cement. For the Building Materials industry, the median Debt-to-EBITDA is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steppe Cement's current Debt-to-EBITDA is 0.16, which is 72% below median its own 10-year median of 0.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steppe Cement stock overvalued right now?
Steppe Cement (SPPCF) has a current Debt-to-EBITDA of 0.16. The stock's GF Value™ is $0.30, compared to a current price of $0.31 — trading 3.3% above its estimated fair value. The current Debt-to-EBITDA is 0.16, which is 72% below median its 10-year median of 0.57 and 93% below the Building Materials industry median of 2.27. Steppe Cement's overall GF Score™ is 55/100 with 6 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 Steppe Cement (SPPCF), the current Debt-to-EBITDA is 0.16 as of Dec. 2025. 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 Steppe Cement (SPPCF) Overvalued in 2026?
Based on GuruFocus' analysis, Steppe Cement stock appears to be overvalued.
The current stock price of $0.31 is trading 3.3% above its estimated GF Value™ of $0.30.
Key valuation signals for SPPCF:
Debt-to-EBITDA: 0.16 (72% below median its 10-year median of 0.57)
GF Value™: $0.30 vs. price of $0.31 (3.3% above fair value)
Industry Position: 93% below the Building Materials median (#49 of 330)
No single metric tells the full story. See the SPPCF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steppe Cement Ltd is an investment holding company based in Malaysia. Its primary business is the production and sale of cement, which is in the Karaganda region, the Republic of Kazakhstan. The company derives revenue from the sale of manufactured goods and the transmission and distribution of electricity.
55GF Score
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