Emmi AG (XSWX:EMMN) Debt-to-EBITDA : 2.52 (As of Dec. 2025) — 46% Above Median

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XSWX:EMMN Emmi AG XSWX:EMMN
87 GF Score
Price CHF877.00
GF Value CHF965.02
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Emmi AG Debt-to-EBITDA?

Emmi AG XSWX:EMMN -1.24% 87 Debt-to-EBITDA is 2.52 as of Dec. 2025, which is 46% above its 10-year median of 1.73. GuruFocus rates XSWX:EMMN with a GF Score™ of 87/100 and a GF Value™ of CHF965.02 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,549 Consumer Packaged Goods companies, Emmi AG ranks worse than 58.23% on this metric.

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

Emmi AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was CHF209 Mil. Emmi AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was CHF1,099 Mil. Emmi AG's annualized EBITDA for the quarter that ended in Dec. 2025 was CHF518 Mil. Emmi AG's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 2.52.

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 Emmi AG's Debt-to-EBITDA or its related term are showing as below:

XSWX:EMMN' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.31   Med: 1.73   Max: 3.11
Current: 2.71

During the past 13 years, the highest Debt-to-EBITDA Ratio of Emmi AG was 3.11. The lowest was 1.31. And the median was 1.73.

XSWX:EMMN's Debt-to-EBITDA is ranked worse than
58.23% of 1549 companies
in the Consumer Packaged Goods industry
Industry Median: 2.08 vs XSWX:EMMN: 2.71

Emmi AG  (XSWX:EMMN) 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.


Emmi AG Debt-to-EBITDA Related Terms


Emmi AG Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Emmi AG'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.

Emmi AG Debt-to-EBITDA Chart

Emmi AG 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 1.68 1.94 1.84 3.11 2.71

Emmi AG 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 1.93 1.72 2.87 2.95 2.52

XSWX:EMMN vs KHC, GIS, HRL: Debt-to-EBITDA Comparison

For the Packaged Foods subindustry, Emmi AG'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.


Emmi AG Debt-to-EBITDA vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Emmi AG's Debt-to-EBITDA distribution charts can be found below:

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


XSWX:EMMN
87GF Score
Emmi AG XSWX:EMMN
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Emmi AG Debt-to-EBITDA Calculation

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

Emmi AG'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
=(208.638 + 1098.666) / 482.24
=2.71

Emmi AG'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
=(208.638 + 1098.666) / 518.498
=2.52

* 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 2.52 mean?
Emmi AG (XSWX:EMMN) has a Debt-to-EBITDA of 2.52 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 Emmi AG. This is 46% above median its historical median of 1.73. Over the past decade, Emmi AG's Debt-to-EBITDA has ranged from 1.31 to 3.11. According to the industry distribution chart, Emmi AG ranks #902 out of 1549 companies in the Consumer Packaged Goods industry, placing it in the top 58.2%.
Is Emmi AG's Debt-to-EBITDA too high?
Emmi AG's current Debt-to-EBITDA of 2.52 is 46% above median its 10-year median of 1.73. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 3.11. The Consumer Packaged Goods industry median Debt-to-EBITDA is 2.08. Emmi AG's value of 2.52 is 21.2% above this industry median. Based on the distribution chart, Emmi AG ranks #902 out of 1549 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Emmi AG has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Emmi AG's Debt-to-EBITDA compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Emmi AG ranks #902 out of 1549 companies for Debt-to-EBITDA. This places Emmi AG in the lower half of its industry. The industry median Debt-to-EBITDA is 2.08. Emmi AG's value of 2.52 is 21.2% above this benchmark. Historically, Emmi AG's own Debt-to-EBITDA has ranged from 1.31 to 3.11 over the past decade. While the company's 10-year median is 1.73 vs. the industry median of 2.08, Emmi AG 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 Consumer Packaged Goods company?
The median Debt-to-EBITDA among Consumer Packaged Goods companies is 2.08, based on 1,549 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. Emmi AG's current Debt-to-EBITDA of 2.52 is 21.2% 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 Emmi AG. For the Consumer Packaged Goods industry, the median Debt-to-EBITDA is 2.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Emmi AG's current Debt-to-EBITDA is 2.52, which is 46% above median its own 10-year median of 1.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Emmi AG stock overvalued right now?
Based on GuruFocus' analysis, Emmi AG (XSWX:EMMN) is currently considered Fairly Valued. The stock's GF Value™ is CHF965.02, compared to a current price of CHF877.00 — trading 9.1% below its estimated fair value. The current Debt-to-EBITDA is 2.52, which is 46% above median its 10-year median of 1.73 and 21.2% above the Consumer Packaged Goods industry median of 2.08. Emmi AG's overall GF Score™ is 87/100 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 Emmi AG (XSWX:EMMN), the current Debt-to-EBITDA is 2.52 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 Emmi AG (XSWX:EMMN) Overvalued in 2026?

Based on GuruFocus' analysis, Emmi AG stock appears to be undervalued. The current stock price of CHF877.00 is trading 9.1% below its estimated GF Value™ of CHF965.02. GuruFocus considers Emmi AG to be Fairly Valued.

Key valuation signals for XSWX:EMMN:

  • Debt-to-EBITDA: 2.52 (46% above median its 10-year median of 1.73)
  • GF Value™: CHF965.02 vs. price of CHF877.00 (9.1% below fair value)
  • GF Score™: 87/100 with 4 warning signs
  • Industry Position: 21.2% above the Consumer Packaged Goods median (#902 of 1549)

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


Emmi AG Business Description

Address Landenbergstrasse 1, Lucerne, CHE, CH-6005
Emmi AG is a Swiss dairy products manufacturer. The company generates revenue in Switzerland, the Americas, other European countries, and the rest of the world. By product category, dairy products, cheese, and fresh products are the main segments. The company also offers powder/concentrates among other products/services.
87GF Score

Get the complete analysis for XSWX:EMMN

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

CHF877.00
Price
CHF965.02
GF Value