Tomra Systems ASATMRAY 86 Debt-to-EBITDA is 4.59 as of Mar. 2026, which is 214% above its 10-year median of 1.46. GuruFocus rates TMRAY with a GF Score™ of 86/100 and a GF Value™ of $15.95 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 171 Waste Management companies, Tomra Systems ASA ranks better than 56.14% 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 Tomra Systems ASA's Debt-to-EBITDA or its related term are showing as below:
TMRAY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.87 Med: 1.46 Max: 2.58
Current: 2.58
During the past 13 years, the highest Debt-to-EBITDA Ratio of Tomra Systems ASA was 2.58. The lowest was 0.87. And the median was 1.46.
TMRAY's Debt-to-EBITDA is ranked better than 56.14% of 171
companies
in the Waste Management industry
Industry Median: 3.06
vs TMRAY: 2.58
Tomra Systems ASA (OTCPK:TMRAY) 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.
Tomra Systems ASA Debt-to-EBITDA Related Terms
Tomra Systems ASA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Tomra Systems ASA'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 Waste Management subindustry, Tomra Systems ASA'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.
Tomra Systems ASA Debt-to-EBITDA vs Waste Management Industry
For the Waste Management industry and Industrials sector, Tomra Systems ASA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Tomra Systems ASA'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.
Tomra Systems ASA (TMRAY) has a Debt-to-EBITDA of 4.59 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 Tomra Systems ASA. This is 214% above median its historical median of 1.46. Over the past decade, Tomra Systems ASA's Debt-to-EBITDA has ranged from 0.87 to 2.58. According to the industry distribution chart, Tomra Systems ASA ranks #75 out of 171 companies in the Waste Management industry, placing it in the top 43.9%.
Is Tomra Systems ASA's Debt-to-EBITDA too high?
Tomra Systems ASA's current Debt-to-EBITDA of 4.59 is 214% above median its 10-year median of 1.46. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 2.58. The Waste Management industry median Debt-to-EBITDA is 3.06. Tomra Systems ASA's value of 4.59 is 50% above this industry median. Based on the distribution chart, Tomra Systems ASA ranks #75 out of 171 companies in the Waste Management industry, which is above the industry midpoint. Overall, Tomra Systems ASA has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tomra Systems ASA's Debt-to-EBITDA compare to WM and RSG?
According to the Waste Management industry distribution chart, Tomra Systems ASA ranks #75 out of 171 companies for Debt-to-EBITDA. This puts Tomra Systems ASA in the upper half of its industry. The industry median Debt-to-EBITDA is 3.06. Tomra Systems ASA's value of 4.59 is 50% above this benchmark. Historically, Tomra Systems ASA's own Debt-to-EBITDA has ranged from 0.87 to 2.58 over the past decade. While the company's 10-year median is 1.46 vs. the industry median of 3.06, Tomra Systems ASA 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 Waste Management company?
The median Debt-to-EBITDA among Waste Management companies is 3.06, based on 171 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. Tomra Systems ASA's current Debt-to-EBITDA of 4.59 is 50% 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 Tomra Systems ASA. For the Waste Management industry, the median Debt-to-EBITDA is 3.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tomra Systems ASA's current Debt-to-EBITDA is 4.59, which is 214% above median its own 10-year median of 1.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tomra Systems ASA stock overvalued right now?
Based on GuruFocus' analysis, Tomra Systems ASA (TMRAY) is currently considered Significantly Undervalued. The stock's GF Value™ is $15.95, compared to a current price of $9.70 — trading 39.2% below its estimated fair value. The current Debt-to-EBITDA is 4.59, which is 214% above median its 10-year median of 1.46 and 50% above the Waste Management industry median of 3.06. Tomra Systems ASA's overall GF Score™ is 86/100 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 Tomra Systems ASA (TMRAY), the current Debt-to-EBITDA is 4.59 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 Tomra Systems ASA (TMRAY) Overvalued in 2026?
Based on GuruFocus' analysis, Tomra Systems ASA stock appears to be undervalued.
The current stock price of $9.70 is trading 39.2% below its estimated GF Value™ of $15.95.
GuruFocus considers Tomra Systems ASA to be Significantly Undervalued.
Key valuation signals for TMRAY:
Debt-to-EBITDA: 4.59 (214% above median its 10-year median of 1.46)
GF Value™: $15.95 vs. price of $9.70 (39.2% below fair value)
Industry Position: 50% above the Waste Management median (#75 of 171)
No single metric tells the full story. See the TMRAY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tomra Systems ASA provides sorting and recycling solutions to equip customers for handling waste. The company creates and delivers sensor-based solutions that contribute to optimal resource productivity, in packaging, collection, compaction, recycling, ore sorting, and food production. It provides reverse vending machines, sensor-based sorting machines integrated post-harvest solutions, sensors for waste sorting applications, and other related products and solutions. The company's operating segments are; TOMRA Collection which generates key revenue, TOMRA Recycling, TOMRA Horizon, and TOMRA Food. Geographically, the company generates maximum revenue from Europe region followed by America, Asia, and Oceania.
86GF Score
Get the complete analysis for TMRAY
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TMRAY has been successfully added to your 
