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GFL EnvironmentalTSX:GFL +0.09%66 Debt-to-EBITDA is 7.41 as of Jun. 2026, which is 16% below its 10-year median of 8.86. GuruFocus rates TSX:GFL with a GF Score™ of 66/100 and a GF Value™ of C$61.32 (Fairly Valued). The stock has 6 warning signs investors should review. Among 170 Waste Management companies, GFL Environmental ranks worse than 75.88% 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 GFL Environmental's Debt-to-EBITDA or its related term are showing as below:
TSX:GFL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.97 Med: 8.86 Max: 30.64
Current: 6.11
During the past 10 years, the highest Debt-to-EBITDA Ratio of GFL Environmental was 30.64. The lowest was 3.97. And the median was 8.86.
TSX:GFL's Debt-to-EBITDA is ranked worse than 75.88% of 170
companies
in the Waste Management industry
Industry Median: 3.07
vs TSX:GFL: 6.11
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.
GFL Environmental Debt-to-EBITDA Related Terms
GFL Environmental Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for GFL Environmental'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.
TSX:GFL vs CLH, CWST, ONT: Debt-to-EBITDA Comparison
For the Waste Management subindustry, GFL Environmental'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.
GFL Environmental Debt-to-EBITDA vs Waste Management Industry
For the Waste Management industry and Industrials sector, GFL Environmental's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where GFL Environmental'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 (Jun. 2026) EBITDA data.
GFL Environmental (TSX:GFL) has a Debt-to-EBITDA of 7.41 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on GFL Environmental. This is 16% below median its historical median of 8.86. Over the past decade, GFL Environmental's Debt-to-EBITDA has ranged from 3.97 to 30.64. According to the industry distribution chart, GFL Environmental ranks #129 out of 170 companies in the Waste Management industry, placing it in the top 75.9%.
Is GFL Environmental's Debt-to-EBITDA too high?
GFL Environmental's current Debt-to-EBITDA of 7.41 is 16% below median its 10-year median of 8.86. Over the past 10 years, this metric has ranged from a low of 3.97 to a high of 30.64. The Waste Management industry median Debt-to-EBITDA is 3.07. GFL Environmental's value of 7.41 is 141.4% above this industry median. Based on the distribution chart, GFL Environmental ranks #129 out of 170 companies in the Waste Management industry, which is in the bottom quartile relative to peers. Overall, GFL Environmental has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GFL Environmental's Debt-to-EBITDA compare to CLH and CWST?
According to the Waste Management industry distribution chart, GFL Environmental ranks #129 out of 170 companies for Debt-to-EBITDA. This places GFL Environmental in the lower half of its industry. The industry median Debt-to-EBITDA is 3.07. GFL Environmental's value of 7.41 is 141.4% above this benchmark. Historically, GFL Environmental's own Debt-to-EBITDA has ranged from 3.97 to 30.64 over the past decade. While the company's 10-year median is 8.86 vs. the industry median of 3.07, GFL Environmental 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 3.07, based on 170 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. GFL Environmental's current Debt-to-EBITDA of 7.41 is 141.4% 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 GFL Environmental. For the Waste Management industry, the median Debt-to-EBITDA is 3.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GFL Environmental's current Debt-to-EBITDA is 7.41, which is 16% below median its own 10-year median of 8.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GFL Environmental stock overvalued right now?
Based on GuruFocus' analysis, GFL Environmental (TSX:GFL) is currently considered Fairly Valued. The stock's GF Value™ is C$61.32, compared to a current price of C$58.13 — trading 5.2% below its estimated fair value. The current Debt-to-EBITDA is 7.41, which is 16% below median its 10-year median of 8.86 and 141.4% above the Waste Management industry median of 3.07. GFL Environmental's overall GF Score™ is 66/100 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 GFL Environmental (TSX:GFL), the current Debt-to-EBITDA is 7.41 as of Jun. 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 GFL Environmental (TSX:GFL) Overvalued in 2026?
Based on GuruFocus' analysis, GFL Environmental stock appears to be undervalued.
The current stock price of C$58.13 is trading 5.2% below its estimated GF Value™ of C$61.32.
GuruFocus considers GFL Environmental to be Fairly Valued.
Key valuation signals for TSX:GFL:
Debt-to-EBITDA: 7.41 (16% below median its 10-year median of 8.86)
GF Value™: C$61.32 vs. price of C$58.13 (5.2% below fair value)
Industry Position: 141.4% above the Waste Management median (#129 of 170)
No single metric tells the full story. See the TSX:GFL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GFL Environmental Inc is an environmental services company. Its offerings include non-hazardous solid waste management, infrastructure, soil remediation, and liquid waste management services. Its solid waste management business line, which generates the majority of the revenue, consists of the collection, transportation, transfer, recycling, and disposal of non-hazardous solid waste. Its Environmental Services business line includes liquid waste and soil remediation. The company's geographical segments are Canada and the United States. The company derives the majority of its revenue from the United States.
66GF Score
Get the complete analysis for TSX:GFL
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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