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Tecnicas ReunidasXMAD:TRE -0.65%64 Debt-to-EBITDA is 6.55 as of Mar. 2026, which is 39% above its 10-year median of 4.72. GuruFocus rates XMAD:TRE with a GF Score™ of 64/100 and a GF Value™ of €19.85 (Significantly Overvalued). The stock has 2 warning signs investors should review. Among 1,404 Construction companies, Tecnicas Reunidas ranks worse than 61.32% 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 Tecnicas Reunidas's Debt-to-EBITDA or its related term are showing as below:
XMAD:TRE'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.77 Med: 4.72 Max: 31.63
Current: 3.2
During the past 13 years, the highest Debt-to-EBITDA Ratio of Tecnicas Reunidas was 31.63. The lowest was -5.77. And the median was 4.72.
XMAD:TRE's Debt-to-EBITDA is ranked worse than 61.32% of 1404
companies
in the Construction industry
Industry Median: 2.15
vs XMAD:TRE: 3.20
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.
Tecnicas Reunidas Debt-to-EBITDA Related Terms
Tecnicas Reunidas Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Tecnicas Reunidas'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.
XMAD:TRE vs PWR, FIX, EME: Debt-to-EBITDA Comparison
For the Engineering & Construction subindustry, Tecnicas Reunidas'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.
Tecnicas Reunidas Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Tecnicas Reunidas's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Tecnicas Reunidas'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.
Tecnicas Reunidas (XMAD:TRE) has a Debt-to-EBITDA of 6.55 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 Tecnicas Reunidas. This is 39% above median its historical median of 4.72. According to the industry distribution chart, Tecnicas Reunidas ranks #861 out of 1404 companies in the Construction industry, placing it in the top 61.3%.
Is Tecnicas Reunidas' Debt-to-EBITDA too high?
Tecnicas Reunidas' current Debt-to-EBITDA of 6.55 is 39% above median its 10-year median of 4.72. The Construction industry median Debt-to-EBITDA is 2.15. Tecnicas Reunidas' value of 6.55 is 204.7% above this industry median. Based on the distribution chart, Tecnicas Reunidas ranks #861 out of 1404 companies in the Construction industry, which is below the industry midpoint. Overall, Tecnicas Reunidas has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tecnicas Reunidas' Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Tecnicas Reunidas ranks #861 out of 1404 companies for Debt-to-EBITDA. This places Tecnicas Reunidas in the lower half of its industry. The industry median Debt-to-EBITDA is 2.15. Tecnicas Reunidas' value of 6.55 is 204.7% above this benchmark. While the company's 10-year median is 4.72 vs. the industry median of 2.15, Tecnicas Reunidas 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 2.15, based on 1,404 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. Tecnicas Reunidas's current Debt-to-EBITDA of 6.55 is 204.7% 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 Tecnicas Reunidas. For the Construction industry, the median Debt-to-EBITDA is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tecnicas Reunidas's current Debt-to-EBITDA is 6.55, which is 39% above median its own 10-year median of 4.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tecnicas Reunidas stock overvalued right now?
Based on GuruFocus' analysis, Tecnicas Reunidas (XMAD:TRE) is currently considered Significantly Overvalued. The stock's GF Value™ is €19.85, compared to a current price of €27.40 — trading 38% above its estimated fair value. The current Debt-to-EBITDA is 6.55, which is 39% above median its 10-year median of 4.72 and 204.7% above the Construction industry median of 2.15. Tecnicas Reunidas' overall GF Score™ is 64/100 with 2 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 Tecnicas Reunidas (XMAD:TRE), the current Debt-to-EBITDA is 6.55 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 Tecnicas Reunidas (XMAD:TRE) Overvalued in 2026?
Based on GuruFocus' analysis, Tecnicas Reunidas stock appears to be overvalued.
The current stock price of €27.40 is trading 38% above its estimated GF Value™ of €19.85.
GuruFocus considers Tecnicas Reunidas to be Significantly Overvalued.
Key valuation signals for XMAD:TRE:
Debt-to-EBITDA: 6.55 (39% above median its 10-year median of 4.72)
GF Value™: €19.85 vs. price of €27.40 (38% above fair value)
Industry Position: 204.7% above the Construction median (#861 of 1404)
No single metric tells the full story. See the XMAD:TRE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tecnicas Reunidas SA is a general contracting company. It engages in engineering, design and construction of industrial facilities for international customers including principal national oil companies and multinational companies. The firm's majority of business is focused on large turnkey industrial projects and it also offers engineering, management, start-up and operating services for industrial plants. Its business areas are oil and gas, power, infrastructures and industries. The company mainly operates in Spain, Middle East, Latin America, Asia and the Mediterranean region.
64GF 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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