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Thermal Energy InternationalTMGEF -0.26%53 Debt-to-EBITDA is 0.49 as of Feb. 2026, which is 73% below its 10-year median of 1.82. GuruFocus rates TMGEF with a GF Score™ of 53/100 and a GF Value™ of $0.18 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 2,330 Industrial Products companies, Thermal Energy International ranks better than 76.31% 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 Thermal Energy International's Debt-to-EBITDA or its related term are showing as below:
TMGEF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -7.41 Med: 1.82 Max: 37.11
Current: 0.48
During the past 13 years, the highest Debt-to-EBITDA Ratio of Thermal Energy International was 37.11. The lowest was -7.41. And the median was 1.82.
TMGEF's Debt-to-EBITDA is ranked better than 76.31% of 2330
companies
in the Industrial Products industry
Industry Median: 1.7
vs TMGEF: 0.48
Thermal Energy International (OTCPK:TMGEF) Debt-to-EBITDA Explanation
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.
Thermal Energy International Debt-to-EBITDA Related Terms
Thermal Energy International 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.
TMGEF vs VLTO, ZWS, CECO: Debt-to-EBITDA Comparison
For the Pollution & Treatment Controls subindustry, Thermal Energy International'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.
Thermal Energy International Debt-to-EBITDA vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thermal Energy International's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Thermal Energy International'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 (Feb. 2026) EBITDA data.
Thermal Energy International (TMGEF) has a Debt-to-EBITDA of 0.49 as of Feb. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Thermal Energy International. This is 73% below median its historical median of 1.82. According to the industry distribution chart, Thermal Energy International ranks #552 out of 2330 companies in the Industrial Products industry, placing it in the top 23.7%.
Is Thermal Energy International's Debt-to-EBITDA too high?
Thermal Energy International's current Debt-to-EBITDA of 0.49 is 73% below median its 10-year median of 1.82. The Industrial Products industry median Debt-to-EBITDA is 1.70. Thermal Energy International's value of 0.49 is 71.2% below this industry median. Based on the distribution chart, Thermal Energy International ranks #552 out of 2330 companies in the Industrial Products industry, which is in the top quartile — a strong position relative to peers. Overall, Thermal Energy International has a GF Score™ of 53/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Thermal Energy International's Debt-to-EBITDA compare to VLTO and ZWS?
According to the Industrial Products industry distribution chart, Thermal Energy International ranks #552 out of 2330 companies for Debt-to-EBITDA. This places Thermal Energy International in the top 24% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.70. Thermal Energy International's value of 0.49 is 71.2% below this benchmark. While the company's 10-year median is 1.82 vs. the industry median of 1.70, Thermal Energy International 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 Industrial Products company?
The median Debt-to-EBITDA among Industrial Products companies is 1.70, based on 2,330 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. Thermal Energy International's current Debt-to-EBITDA of 0.49 is 71.2% 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 Thermal Energy International. For the Industrial Products industry, the median Debt-to-EBITDA is 1.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thermal Energy International's current Debt-to-EBITDA is 0.49, which is 73% below median its own 10-year median of 1.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thermal Energy International stock overvalued right now?
Based on GuruFocus' analysis, Thermal Energy International (TMGEF) is currently considered Possible Value Trap. The stock's GF Value™ is $0.18, compared to a current price of $0.11 — trading 37.2% below its estimated fair value. The current Debt-to-EBITDA is 0.49, which is 73% below median its 10-year median of 1.82 and 71.2% below the Industrial Products industry median of 1.70. Thermal Energy International's overall GF Score™ is 53/100 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 Thermal Energy International (TMGEF), the current Debt-to-EBITDA is 0.49 as of Feb. 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 Thermal Energy International (TMGEF) Overvalued in 2026?
Based on GuruFocus' analysis, Thermal Energy International stock appears to be undervalued.
The current stock price of $0.11 is trading 37.2% below its estimated GF Value™ of $0.18.
GuruFocus considers Thermal Energy International to be Possible Value Trap.
Key valuation signals for TMGEF:
Debt-to-EBITDA: 0.49 (73% below median its 10-year median of 1.82)
GF Value™: $0.18 vs. price of $0.11 (37.2% below fair value)
Industry Position: 71.2% below the Industrial Products median (#552 of 2330)
No single metric tells the full story. See the TMGEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thermal Energy International Inc is a supplier of proprietary, energy efficiency and emissions reduction solutions to the industrial and institutional sectors. It markets, sells, engineers, fabricates, constructs, installs and supports technology lines - heat recovery solutions and condensate return system solutions. The product portfolio consists of GEM steam traps, FLU-ACE - direct contact condensing heat recovery, and Dry Rex - low-temperature biomass drying systems. The operating segment includes geographical areas that reflect the core business which has units located in Ottawa, Canada and Bristol, UK. The firm derives revenue from Canada, the UK, Germany, France, Poland, India, etc and the rest of the world. Substantial sales revenue comes from the USA.
53GF Score
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