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Thungela ResourcesTNGRF 78 Debt-to-EBITDA is -0.01 as of Dec. 2025. GuruFocus rates TNGRF with a GF Score™ of 78/100 and a GF Value™ of $7.02 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 94 Other Energy Sources companies, Thungela Resources ranks worse than 1063828.72% 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 Thungela Resources's Debt-to-EBITDA or its related term are showing as below:
TNGRF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.04 Med: 0.01 Max: 2.6
Current: -0.02
During the past 8 years, the highest Debt-to-EBITDA Ratio of Thungela Resources was 2.60. The lowest was -0.04. And the median was 0.01.
TNGRF's Debt-to-EBITDA is ranked worse than 100% of 94
companies
in the Other Energy Sources industry
Industry Median: 2.185
vs TNGRF: -0.02
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.
Thungela Resources Debt-to-EBITDA Related Terms
Thungela Resources Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Thungela Resources'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 Thermal Coal subindustry, Thungela Resources'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.
Thungela Resources Debt-to-EBITDA vs Other Energy Sources Industry
For the Other Energy Sources industry and Energy sector, Thungela Resources's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Thungela Resources'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.
Thungela Resources (TNGRF) has a Debt-to-EBITDA of -0.01 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 Thungela Resources. According to the industry distribution chart, Thungela Resources ranks #999999 out of 94 companies in the Other Energy Sources industry.
Is Thungela Resources' Debt-to-EBITDA too high?
Thungela Resources' current Debt-to-EBITDA is -0.01. Based on the distribution chart, Thungela Resources ranks #999999 out of 94 companies in the Other Energy Sources industry, which is in the bottom quartile relative to peers. Overall, Thungela Resources has a GF Score™ of 78/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thungela Resources' Debt-to-EBITDA compare to competitors?
According to the Other Energy Sources industry distribution chart, Thungela Resources ranks #999999 out of 94 companies for Debt-to-EBITDA. This places Thungela Resources in the lower half of its industry. The industry median Debt-to-EBITDA is 2.19. 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 Other Energy Sources company?
The median Debt-to-EBITDA among Other Energy Sources companies is 2.19, based on 94 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. 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 Thungela Resources. For the Other Energy Sources industry, the median Debt-to-EBITDA is 2.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Thungela Resources's current Debt-to-EBITDA is -0.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thungela Resources stock overvalued right now?
Based on GuruFocus' analysis, Thungela Resources (TNGRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.02, compared to a current price of $5.85 — trading 16.6% below its estimated fair value. The current Debt-to-EBITDA is -0.01. Thungela Resources' overall GF Score™ is 78/100 with 7 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 Thungela Resources (TNGRF), the current Debt-to-EBITDA is -0.01 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 Thungela Resources (TNGRF) Overvalued in 2026?
Based on GuruFocus' analysis, Thungela Resources stock appears to be undervalued.
The current stock price of $5.85 is trading 16.6% below its estimated GF Value™ of $7.02.
GuruFocus considers Thungela Resources to be Modestly Undervalued.
Key valuation signals for TNGRF:
Debt-to-EBITDA: -0.01
GF Value™: $7.02 vs. price of $5.85 (16.6% below fair value)
No single metric tells the full story. See the TNGRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Thungela Resources Ltd is a pure-play producer and exporter of thermal coal with operations in South Africa and Australia. The group focuses on high-quality coal reserves and marketable production, positioning as a key player in the energy market by delivering coal through world-class ports, and powering nations. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining, and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa. Its operational segments are Opencast, Underground, and Services.
78GF Score
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