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 Ballard Power Systems's Debt-to-EBITDA or its related term are showing as below:
XSWX:BLDP'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -12.22 Med: -0.26 Max: -0.08
Current: -0.28
During the past 13 years, the highest Debt-to-EBITDA Ratio of Ballard Power Systems was -0.08. The lowest was -12.22. And the median was -0.26.
XSWX:BLDP's Debt-to-EBITDA is ranked worse than 100% of 2329
companies
in the Industrial Products industry
Industry Median: 1.69
vs XSWX:BLDP: -0.28
Ballard Power Systems (XSWX:BLDP) Debt-to-EBITDA Explanation
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.
Ballard Power Systems Debt-to-EBITDA Related Terms
Ballard Power Systems Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Ballard Power Systems'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 Electrical Equipment & Parts subindustry, Ballard Power Systems'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.
Ballard Power Systems Debt-to-EBITDA vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ballard Power Systems's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Ballard Power Systems'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.
Ballard Power Systems (XSWX:BLDP) has a Debt-to-EBITDA of -0.53 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 Ballard Power Systems. According to the industry distribution chart, Ballard Power Systems ranks #999999 out of 2329 companies in the Industrial Products industry.
Is Ballard Power Systems' Debt-to-EBITDA too high?
Ballard Power Systems' current Debt-to-EBITDA is -0.53. Based on the distribution chart, Ballard Power Systems ranks #999999 out of 2329 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Ballard Power Systems has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Ballard Power Systems' Debt-to-EBITDA compare to VRT and BE?
According to the Industrial Products industry distribution chart, Ballard Power Systems ranks #999999 out of 2329 companies for Debt-to-EBITDA. This places Ballard Power Systems in the lower half of its industry. The industry median Debt-to-EBITDA is 1.69. 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 Industrial Products company?
The median Debt-to-EBITDA among Industrial Products companies is 1.69, based on 2,329 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. 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 Ballard Power Systems. For the Industrial Products industry, the median Debt-to-EBITDA is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ballard Power Systems's current Debt-to-EBITDA is -0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ballard Power Systems stock overvalued right now?
Ballard Power Systems (XSWX:BLDP) has a current Debt-to-EBITDA of -0.53. The stock's GF Value™ is CHF2.40, compared to a current price of CHF2.58 — trading 7.6% above its estimated fair value. The current Debt-to-EBITDA is -0.53. Ballard Power Systems' overall GF Score™ is 71/100 with 3 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 Ballard Power Systems (XSWX:BLDP), the current Debt-to-EBITDA is -0.53 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 Ballard Power Systems (XSWX:BLDP) Overvalued in 2026?
Based on GuruFocus' analysis, Ballard Power Systems stock appears to be overvalued.
The current stock price of CHF2.58 is trading 7.6% above its estimated GF Value™ of CHF2.40.
Key valuation signals for XSWX:BLDP:
Debt-to-EBITDA: -0.53
GF Value™: CHF2.40 vs. price of CHF2.58 (7.6% above fair value)
No single metric tells the full story. See the XSWX:BLDP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ballard Power Systems Inc is engaged in design, development, manufacture, sale and service of proton exchange membrane ("PEM") fuel cell products for a variety of applications, focusing on power products for bus, truck, rail, marine, stationary and emerging market (material handling, off-road and other) applications, as well as the delivery of services, including technology solutions, after sales services and training. A fuel cell is an environmentally clean electrochemical device that combines hydrogen fuel with oxygen (from the air) to produce electricity. Key geographical revenue is derived from United States followed by Poland, Canada, and other countries.
71GF Score
Get the complete analysis for XSWX:BLDP
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:BLDP has been successfully added to your 
