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Veolia EnvironnementVEOEY -0.76%82 Debt-to-EBITDA is 2.17 as of Dec. 2025, which is 38% below its 10-year median of 3.49. GuruFocus rates VEOEY with a GF Score™ of 82/100 and a GF Value™ of $16.88 (Modestly Overvalued). The stock has 10 warning signs investors should review. Among 170 Waste Management companies, Veolia Environnement ranks worse than 53.53% 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 Veolia Environnement's Debt-to-EBITDA or its related term are showing as below:
VEOEY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.56 Med: 3.49 Max: 4.39
Current: 3.21
During the past 13 years, the highest Debt-to-EBITDA Ratio of Veolia Environnement was 4.39. The lowest was 0.56. And the median was 3.49.
VEOEY's Debt-to-EBITDA is ranked worse than 53.53% of 170
companies
in the Waste Management industry
Industry Median: 3.03
vs VEOEY: 3.21
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.
Veolia Environnement Debt-to-EBITDA Related Terms
Veolia Environnement Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Veolia Environnement'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, Veolia Environnement'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.
Veolia Environnement Debt-to-EBITDA vs Waste Management Industry
For the Waste Management industry and Industrials sector, Veolia Environnement's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Veolia Environnement'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.
Veolia Environnement (VEOEY) has a Debt-to-EBITDA of 2.17 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 Veolia Environnement. This is 38% below median its historical median of 3.49. Over the past decade, Veolia Environnement's Debt-to-EBITDA has ranged from 0.56 to 4.39. According to the industry distribution chart, Veolia Environnement ranks #91 out of 170 companies in the Waste Management industry, placing it in the top 53.5%.
Is Veolia Environnement's Debt-to-EBITDA too high?
Veolia Environnement's current Debt-to-EBITDA of 2.17 is 38% below median its 10-year median of 3.49. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 4.39. The Waste Management industry median Debt-to-EBITDA is 3.03. Veolia Environnement's value of 2.17 is 28.4% below this industry median. Based on the distribution chart, Veolia Environnement ranks #91 out of 170 companies in the Waste Management industry, which is below the industry midpoint. Overall, Veolia Environnement has a GF Score™ of 82/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Veolia Environnement's Debt-to-EBITDA compare to WM and RSG?
According to the Waste Management industry distribution chart, Veolia Environnement ranks #91 out of 170 companies for Debt-to-EBITDA. This places Veolia Environnement in the lower half of its industry. The industry median Debt-to-EBITDA is 3.03. Veolia Environnement's value of 2.17 is 28.4% below this benchmark. Historically, Veolia Environnement's own Debt-to-EBITDA has ranged from 0.56 to 4.39 over the past decade. While the company's 10-year median is 3.49 vs. the industry median of 3.03, Veolia Environnement 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 a Waste Management company?
The median Debt-to-EBITDA among Waste Management companies is 3.03, 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. Veolia Environnement's current Debt-to-EBITDA of 2.17 is 28.4% 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 Veolia Environnement. For the Waste Management industry, the median Debt-to-EBITDA is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Veolia Environnement's current Debt-to-EBITDA is 2.17, which is 38% below median its own 10-year median of 3.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Veolia Environnement stock overvalued right now?
Based on GuruFocus' analysis, Veolia Environnement (VEOEY) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.88, compared to a current price of $20.80 — trading 23.2% above its estimated fair value. The current Debt-to-EBITDA is 2.17, which is 38% below median its 10-year median of 3.49 and 28.4% below the Waste Management industry median of 3.03. Veolia Environnement's overall GF Score™ is 82/100 with 10 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 Veolia Environnement (VEOEY), the current Debt-to-EBITDA is 2.17 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 Veolia Environnement (VEOEY) Overvalued in 2026?
Based on GuruFocus' analysis, Veolia Environnement stock appears to be overvalued.
The current stock price of $20.80 is trading 23.2% above its estimated GF Value™ of $16.88.
GuruFocus considers Veolia Environnement to be Modestly Overvalued.
Key valuation signals for VEOEY:
Debt-to-EBITDA: 2.17 (38% below median its 10-year median of 3.49)
GF Value™: $16.88 vs. price of $20.80 (23.2% above fair value)
Industry Position: 28.4% below the Waste Management median (#91 of 170)
No single metric tells the full story. See the VEOEY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Veolia is the largest water company globally and a leading player in France. It is also involved in waste management with significant exposure to France, the United Kingdom, Germany, the United States, and Australia. The third pillar of the group is energy services, giving the group significant exposure to Central Europe. Veolia started to refocus its activities in 2011, leading to the exit of almost half of its countries and its transport activity The integration of most activities of Suez in 2022 drove an EBITDA increase of nearly 40%.
82GF Score
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