Cicor Technologies (XSWX:CICN) Debt-to-EBITDA : 4.85 (As of Dec. 2025) — 65% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:CICN Cicor Technologies Ltd XSWX:CICN
86 GF Score
Price CHF118.80
GF Value CHF83.34
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Cicor Technologies Debt-to-EBITDA?

Cicor Technologies XSWX:CICN +2.59% 86 Debt-to-EBITDA is 4.85 as of Dec. 2025, which is 65% above its 10-year median of 2.94. GuruFocus rates XSWX:CICN with a GF Score™ of 86/100 and a GF Value™ of CHF83.34 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,795 Hardware companies, Cicor Technologies ranks worse than 67.47% on this metric.

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

Cicor Technologies's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was CHF27.1 Mil. Cicor Technologies's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was CHF133.4 Mil. Cicor Technologies's annualized EBITDA for the quarter that ended in Dec. 2025 was CHF33.1 Mil. Cicor Technologies's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 4.85.

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 Cicor Technologies's Debt-to-EBITDA or its related term are showing as below:

XSWX:CICN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.99   Med: 2.94   Max: 5.91
Current: 3.27

During the past 13 years, the highest Debt-to-EBITDA Ratio of Cicor Technologies was 5.91. The lowest was 1.99. And the median was 2.94.

XSWX:CICN's Debt-to-EBITDA is ranked worse than
67.47% of 1795 companies
in the Hardware industry
Industry Median: 1.71 vs XSWX:CICN: 3.27

Cicor Technologies  (XSWX:CICN) 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.


Cicor Technologies Debt-to-EBITDA Related Terms


Cicor Technologies Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Cicor Technologies'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.

Cicor Technologies Debt-to-EBITDA Chart

Cicor Technologies 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 5.91 3.89 2.49 1.99 3.27

Cicor Technologies Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 3.13 0.00 2.13 0.00 4.85

XSWX:CICN vs APH, GLW, TEL: Debt-to-EBITDA Comparison

For the Electronic Components subindustry, Cicor Technologies'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.


Cicor Technologies Debt-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, Cicor Technologies's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Cicor Technologies's Debt-to-EBITDA falls into.


XSWX:CICN
86GF Score
Cicor Technologies Ltd XSWX:CICN
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Cicor Technologies Debt-to-EBITDA Calculation

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

Cicor Technologies'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
=(27.129 + 133.398) / 49.139
=3.27

Cicor Technologies's annualized Debt-to-EBITDA for the quarter 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
=(27.129 + 133.398) / 33.112
=4.85

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 4.85 mean?
Cicor Technologies (XSWX:CICN) has a Debt-to-EBITDA of 4.85 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 Cicor Technologies. This is 65% above median its historical median of 2.94. Over the past decade, Cicor Technologies' Debt-to-EBITDA has ranged from 1.99 to 5.91. According to the industry distribution chart, Cicor Technologies ranks #1211 out of 1795 companies in the Hardware industry, placing it in the top 67.5%.
Is Cicor Technologies' Debt-to-EBITDA too high?
Cicor Technologies' current Debt-to-EBITDA of 4.85 is 65% above median its 10-year median of 2.94. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 5.91. The Hardware industry median Debt-to-EBITDA is 1.71. Cicor Technologies' value of 4.85 is 183.6% above this industry median. Based on the distribution chart, Cicor Technologies ranks #1211 out of 1795 companies in the Hardware industry, which is below the industry midpoint. Overall, Cicor Technologies has a GF Score™ of 86/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Cicor Technologies' Debt-to-EBITDA compare to APH and GLW?
According to the Hardware industry distribution chart, Cicor Technologies ranks #1211 out of 1795 companies for Debt-to-EBITDA. This places Cicor Technologies in the lower half of its industry. The industry median Debt-to-EBITDA is 1.71. Cicor Technologies' value of 4.85 is 183.6% above this benchmark. Historically, Cicor Technologies' own Debt-to-EBITDA has ranged from 1.99 to 5.91 over the past decade. While the company's 10-year median is 2.94 vs. the industry median of 1.71, Cicor Technologies 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,795 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. Cicor Technologies's current Debt-to-EBITDA of 4.85 is 183.6% 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 Cicor Technologies. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cicor Technologies's current Debt-to-EBITDA is 4.85, which is 65% above median its own 10-year median of 2.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cicor Technologies stock overvalued right now?
Based on GuruFocus' analysis, Cicor Technologies (XSWX:CICN) is currently considered Significantly Overvalued. The stock's GF Value™ is CHF83.34, compared to a current price of CHF118.80 — trading 42.5% above its estimated fair value. The current Debt-to-EBITDA is 4.85, which is 65% above median its 10-year median of 2.94 and 183.6% above the Hardware industry median of 1.71. Cicor Technologies' overall GF Score™ is 86/100 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 Cicor Technologies (XSWX:CICN), the current Debt-to-EBITDA is 4.85 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 Cicor Technologies (XSWX:CICN) Overvalued in 2026?

Based on GuruFocus' analysis, Cicor Technologies stock appears to be overvalued. The current stock price of CHF118.80 is trading 42.5% above its estimated GF Value™ of CHF83.34. GuruFocus considers Cicor Technologies to be Significantly Overvalued.

Key valuation signals for XSWX:CICN:

  • Debt-to-EBITDA: 4.85 (65% above median its 10-year median of 2.94)
  • GF Value™: CHF83.34 vs. price of CHF118.80 (42.5% above fair value)
  • GF Score™: 86/100 with 3 warning signs
  • Industry Position: 183.6% above the Hardware median (#1211 of 1795)

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


Cicor Technologies Business Description

Other Exchanges CICNz:UK0QPR:UKCRLN:Germany
Address c/o Cicor Management AG, Gebenloostrasse 15, Bronschhofen, CHE, 9552
Cicor Technologies Ltd is engaged in the manufacturing of printed circuit boards, high-density interconnect, thin and thick film, radio frequency boards, quick turn prototypes, micro-assembly, packaging, and outsourcing of electronic modules and component groups. The company's products are used by medical technology, automotive, semiconductor, aerospace and defense, telecommunications, and watch industries. The business operates through segments are Electronic Manufacturing Services (EMS), and Advanced Substrates (AS). The Electronic Manufacturing Services segment generates maximum revenue for the company. The solutions provided by the company are: Engineering Services; Electronic Manufacturing Services; Precision Plastics; and Advanced PCBs and Substrates.
86GF Score

Get the complete analysis for XSWX:CICN

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

CHF118.80
Price
CHF83.34
GF Value