ENCE Energia y Celulosa (XMAD:ENC) Debt-to-EBITDA : 36.41 (As of Mar. 2026) — 1147% Above Median


XMAD:ENC ENCE Energia y Celulosa SA XMAD:ENC
63 GF Score
Price €2.42
GF Value €2.53
Valuation Fairly Valued
! 4 Warning Signs
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What is ENCE Energia y Celulosa Debt-to-EBITDA?

ENCE Energia y Celulosa XMAD:ENC +0.33% 63 Debt-to-EBITDA is 36.41 as of Mar. 2026, which is 1147% above its 10-year median of 2.92. GuruFocus rates XMAD:ENC with a GF Score™ of 63/100 and a GF Value™ of €2.53 (Fairly Valued). The stock has 4 warning signs investors should review. Among 209 Forest Products companies, ENCE Energia y Celulosa ranks worse than 97.13% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

ENCE Energia y Celulosa's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €120.6 Mil. ENCE Energia y Celulosa's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €491.0 Mil. ENCE Energia y Celulosa's annualized EBITDA for the quarter that ended in Mar. 2026 was €16.8 Mil. ENCE Energia y Celulosa's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 36.40.

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 ENCE Energia y Celulosa's Debt-to-EBITDA or its related term are showing as below:

XMAD:ENC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.49   Med: 2.92   Max: 38.68
Current: 38.68

During the past 13 years, the highest Debt-to-EBITDA Ratio of ENCE Energia y Celulosa was 38.68. The lowest was -6.49. And the median was 2.92.

XMAD:ENC's Debt-to-EBITDA is ranked worse than
97.13% of 209 companies
in the Forest Products industry
Industry Median: 3.32 vs XMAD:ENC: 38.68

ENCE Energia y Celulosa  (XMAD:ENC) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


ENCE Energia y Celulosa Debt-to-EBITDA Related Terms


ENCE Energia y Celulosa Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for ENCE Energia y Celulosa'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.

ENCE Energia y Celulosa Debt-to-EBITDA Chart

ENCE Energia y Celulosa Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -6.49 0.87 5.12 3.11 12.51

ENCE Energia y Celulosa Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.12 8.84 11.59 -7.29 36.41

XMAD:ENC vs SLVM: Debt-to-EBITDA Comparison

For the Paper & Paper Products subindustry, ENCE Energia y Celulosa'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.


ENCE Energia y Celulosa Debt-to-EBITDA vs Forest Products Industry

For the Forest Products industry and Basic Materials sector, ENCE Energia y Celulosa's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where ENCE Energia y Celulosa's Debt-to-EBITDA falls into.


XMAD:ENC
63GF Score
ENCE Energia y Celulosa SA XMAD:ENC
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ENCE Energia y Celulosa Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

ENCE Energia y Celulosa's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(124.902 + 434.311) / 44.71
=12.51

ENCE Energia y Celulosa's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(120.6 + 491) / 16.8
=36.40

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 36.41 mean?
ENCE Energia y Celulosa (XMAD:ENC) has a Debt-to-EBITDA of 36.41 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 ENCE Energia y Celulosa. This is 1147% above median its historical median of 2.92. According to the industry distribution chart, ENCE Energia y Celulosa ranks #203 out of 209 companies in the Forest Products industry, placing it in the top 97.1%.
Is ENCE Energia y Celulosa's Debt-to-EBITDA too high?
ENCE Energia y Celulosa's current Debt-to-EBITDA of 36.41 is 1147% above median its 10-year median of 2.92. The Forest Products industry median Debt-to-EBITDA is 3.32. ENCE Energia y Celulosa's value of 36.41 is 996.7% above this industry median. Based on the distribution chart, ENCE Energia y Celulosa ranks #203 out of 209 companies in the Forest Products industry, which is in the bottom quartile relative to peers. Overall, ENCE Energia y Celulosa has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ENCE Energia y Celulosa's Debt-to-EBITDA compare to SLVM?
According to the Forest Products industry distribution chart, ENCE Energia y Celulosa ranks #203 out of 209 companies for Debt-to-EBITDA. This places ENCE Energia y Celulosa in the lower half of its industry. The industry median Debt-to-EBITDA is 3.32. ENCE Energia y Celulosa's value of 36.41 is 996.7% above this benchmark. While the company's 10-year median is 2.92 vs. the industry median of 3.32, ENCE Energia y Celulosa 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 Forest Products company?
The median Debt-to-EBITDA among Forest Products companies is 3.32, based on 209 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. ENCE Energia y Celulosa's current Debt-to-EBITDA of 36.41 is 996.7% 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 ENCE Energia y Celulosa. For the Forest Products industry, the median Debt-to-EBITDA is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ENCE Energia y Celulosa's current Debt-to-EBITDA is 36.41, which is 1147% above median its own 10-year median of 2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ENCE Energia y Celulosa stock overvalued right now?
Based on GuruFocus' analysis, ENCE Energia y Celulosa (XMAD:ENC) is currently considered Fairly Valued. The stock's GF Value™ is €2.53, compared to a current price of €2.42 — trading 4.2% below its estimated fair value. The current Debt-to-EBITDA is 36.41, which is 1147% above median its 10-year median of 2.92 and 996.7% above the Forest Products industry median of 3.32. ENCE Energia y Celulosa's overall GF Score™ is 63/100 with 4 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 ENCE Energia y Celulosa (XMAD:ENC), the current Debt-to-EBITDA is 36.41 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 ENCE Energia y Celulosa (XMAD:ENC) Overvalued in 2026?

Based on GuruFocus' analysis, ENCE Energia y Celulosa stock appears to be undervalued. The current stock price of €2.42 is trading 4.2% below its estimated GF Value™ of €2.53. GuruFocus considers ENCE Energia y Celulosa to be Fairly Valued.

Key valuation signals for XMAD:ENC:

  • Debt-to-EBITDA: 36.41 (1147% above median its 10-year median of 2.92)
  • GF Value™: €2.53 vs. price of €2.42 (4.2% below fair value)
  • GF Score™: 63/100 with 4 warning signs
  • Industry Position: 996.7% above the Forest Products median (#203 of 209)

No single metric tells the full story. See the XMAD:ENC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


ENCE Energia y Celulosa Business Description

Other Exchanges 0K96:UKENCA:Germany
Address Estebanez Calderon 3-5, 2nd floor, Madrid, ESP, 28020
ENCE Energia y Celulosa SA produces and sells pulp. The company has two segments namely ENCE Pulp and ENCE Renewables. ENCE Pulp segment includes pulp production and sale activities. ENCE Renewables segment involves Biomass, Biomethane, and production of renewable industrial heat.
63GF Score

Get the complete analysis for XMAD:ENC

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€2.42
Price
€2.53
GF Value