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InnovateVATE +1.94%52 Debt-to-EBITDA is 10.81 as of Mar. 2026, which is 9% below its 10-year median of 11.91. GuruFocus rates VATE with a GF Score™ of 52/100 and a GF Value™ of $5.86 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,406 Construction companies, Innovate ranks worse than 90.83% 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 Innovate's Debt-to-EBITDA or its related term are showing as below:
VATE'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.51 Med: 11.91 Max: 42.8
Current: 11.56
During the past 13 years, the highest Debt-to-EBITDA Ratio of Innovate was 42.80. The lowest was 2.51. And the median was 11.91.
VATE's Debt-to-EBITDA is ranked worse than 90.83% of 1406
companies
in the Construction industry
Industry Median: 2.18
vs VATE: 11.56
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.
Innovate Debt-to-EBITDA Related Terms
Innovate Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Innovate'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.
VATE vs SHIM, ESOA, PHOE: Debt-to-EBITDA Comparison
For the Engineering & Construction subindustry, Innovate'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.
Innovate Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Innovate's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Innovate'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.
Innovate (VATE) has a Debt-to-EBITDA of 10.81 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 Innovate. This is near median its historical median of 11.91. Over the past decade, Innovate's Debt-to-EBITDA has ranged from 2.51 to 42.80. According to the industry distribution chart, Innovate ranks #1277 out of 1406 companies in the Construction industry, placing it in the top 90.8%.
Is Innovate's Debt-to-EBITDA too high?
Innovate's current Debt-to-EBITDA of 10.81 is near median its 10-year median of 11.91. Over the past 10 years, this metric has ranged from a low of 2.51 to a high of 42.80. The Construction industry median Debt-to-EBITDA is 2.18. Innovate's value of 10.81 is 395.9% above this industry median. Based on the distribution chart, Innovate ranks #1277 out of 1406 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Innovate has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Innovate's Debt-to-EBITDA compare to SHIM and ESOA?
According to the Construction industry distribution chart, Innovate ranks #1277 out of 1406 companies for Debt-to-EBITDA. This places Innovate in the lower half of its industry. The industry median Debt-to-EBITDA is 2.18. Innovate's value of 10.81 is 395.9% above this benchmark. Historically, Innovate's own Debt-to-EBITDA has ranged from 2.51 to 42.80 over the past decade. While the company's 10-year median is 11.91 vs. the industry median of 2.18, Innovate 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.18, based on 1,406 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. Innovate's current Debt-to-EBITDA of 10.81 is 395.9% 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 Innovate. For the Construction industry, the median Debt-to-EBITDA is 2.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovate's current Debt-to-EBITDA is 10.81, which is near median its own 10-year median of 11.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovate stock overvalued right now?
Based on GuruFocus' analysis, Innovate (VATE) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.86, compared to a current price of $9.69 — trading 65.4% above its estimated fair value. The current Debt-to-EBITDA is 10.81, which is near median its 10-year median of 11.91 and 395.9% above the Construction industry median of 2.18. Innovate's overall GF Score™ is 52/100 with 5 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 Innovate (VATE), the current Debt-to-EBITDA is 10.81 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 Innovate (VATE) Overvalued in 2026?
Based on GuruFocus' analysis, Innovate stock appears to be overvalued.
The current stock price of $9.69 is trading 65.4% above its estimated GF Value™ of $5.86.
GuruFocus considers Innovate to be Significantly Overvalued.
Key valuation signals for VATE:
Debt-to-EBITDA: 10.81 (near median its 10-year median of 11.91)
GF Value™: $5.86 vs. price of $9.69 (65.4% above fair value)
Industry Position: 395.9% above the Construction median (#1277 of 1406)
No single metric tells the full story. See the VATE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments. Its segments include Infrastructure, Life Sciences and Spectrum, and Other segment. Through its subsidiaries it provides fully integrated structural and steel construction services; supports healthcare and biotechnology product development; and operates Over-The-Air (OTA) broadcasting stations across the United States (U.S.) including Puerto Rico.
52GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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