VistraVST +4.08%84 Debt-to-EBITDA is 2.29 as of Mar. 2026, which is 38% below its 10-year median of 3.70. GuruFocus rates VST with a GF Score™ of 84/100 and a GF Value™ of $167.20 (Fairly Valued). The stock has 6 warning signs investors should review. Among 338 Utilities - Independent Power Producers companies, Vistra ranks better than 65.38% 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 Vistra's Debt-to-EBITDA or its related term are showing as below:
VST'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.45 Med: 3.7 Max: 14.08
Current: 2.99
During the past 12 years, the highest Debt-to-EBITDA Ratio of Vistra was 14.08. The lowest was 2.45. And the median was 3.70.
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.
Vistra Debt-to-EBITDA Related Terms
Vistra Debt-to-EBITDA Historical Data
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The historical data trend for Vistra'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 Utilities - Independent Power Producers subindustry, Vistra'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.
Vistra Debt-to-EBITDA vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Vistra's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Vistra'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.
Vistra (VST) has a Debt-to-EBITDA of 2.29 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 Vistra. This is 38% below median its historical median of 3.70. Over the past decade, Vistra's Debt-to-EBITDA has ranged from 2.45 to 14.08. According to the industry distribution chart, Vistra ranks #117 out of 338 companies in the Utilities - Independent Power Producers industry, placing it in the top 34.6%.
Is Vistra's Debt-to-EBITDA too high?
Vistra's current Debt-to-EBITDA of 2.29 is 38% below median its 10-year median of 3.70. Over the past 10 years, this metric has ranged from a low of 2.45 to a high of 14.08. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.54. Vistra's value of 2.29 is 49.5% below this industry median. Based on the distribution chart, Vistra ranks #117 out of 338 companies in the Utilities - Independent Power Producers industry, which is above the industry midpoint. Overall, Vistra has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Vistra's Debt-to-EBITDA compare to NRG and TLN?
According to the Utilities - Independent Power Producers industry distribution chart, Vistra ranks #117 out of 338 companies for Debt-to-EBITDA. This puts Vistra in the upper half of its industry. The industry median Debt-to-EBITDA is 4.54. Vistra's value of 2.29 is 49.5% below this benchmark. Historically, Vistra's own Debt-to-EBITDA has ranged from 2.45 to 14.08 over the past decade. While the company's 10-year median is 3.70 vs. the industry median of 4.54, Vistra 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 an Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.54, based on 338 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. Vistra's current Debt-to-EBITDA of 2.29 is 49.5% 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 Vistra. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vistra's current Debt-to-EBITDA is 2.29, which is 38% below median its own 10-year median of 3.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vistra stock overvalued right now?
Based on GuruFocus' analysis, Vistra (VST) is currently considered Fairly Valued. The stock's GF Value™ is $167.20, compared to a current price of $157.22 — trading 6% below its estimated fair value. The current Debt-to-EBITDA is 2.29, which is 38% below median its 10-year median of 3.70 and 49.5% below the Utilities - Independent Power Producers industry median of 4.54. Vistra's overall GF Score™ is 84/100 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 Vistra (VST), the current Debt-to-EBITDA is 2.29 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 Vistra (VST) Overvalued in 2026?
Based on GuruFocus' analysis, Vistra stock appears to be undervalued.
The current stock price of $157.22 is trading 6% below its estimated GF Value™ of $167.20.
GuruFocus considers Vistra to be Fairly Valued.
Key valuation signals for VST:
Debt-to-EBITDA: 2.29 (38% below median its 10-year median of 3.70)
GF Value™: $167.20 vs. price of $157.22 (6% below fair value)
Industry Position: 49.5% below the Utilities - Independent Power Producers median (#117 of 338)
No single metric tells the full story. See the VST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vistra Corp. is one of the largest power producers and retail energy providers in the US. It owns 44 gigawatts of generation capacity, including natural gas (27 GW), nuclear (6.5 GW), coal (8.7 GW), and solar and battery storage (1.3 GW). The Cogentrix acquisition will add 5.5 GW of gas generation. Vistra's retail electricity business serves 5 million customers in 20 states, including almost a third of all Texas electricity consumers. Vistra emerged from the Energy Future Holdings bankruptcy as a stand-alone entity in 2016.
84GF Score
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