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 Plug Power's Debt-to-EBITDA or its related term are showing as below:
XSWX:PLUG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -14.87 Med: -1.22 Max: -0.55
Current: -0.62
During the past 13 years, the highest Debt-to-EBITDA Ratio of Plug Power was -0.55. The lowest was -14.87. And the median was -1.22.
XSWX:PLUG's Debt-to-EBITDA is ranked worse than 100% of 2329
companies
in the Industrial Products industry
Industry Median: 1.69
vs XSWX:PLUG: -0.62
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.
Plug Power Debt-to-EBITDA Related Terms
Plug Power Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Plug Power'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.
XSWX:PLUG vs HAYW, ATKR, TE: Debt-to-EBITDA Comparison
For the Electrical Equipment & Parts subindustry, Plug Power'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.
Plug Power Debt-to-EBITDA vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Plug Power's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Plug Power'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.
Plug Power (XSWX:PLUG) has a Debt-to-EBITDA of -1.14 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 Plug Power. According to the industry distribution chart, Plug Power ranks #999999 out of 2329 companies in the Industrial Products industry.
Is Plug Power's Debt-to-EBITDA too high?
Plug Power's current Debt-to-EBITDA is -1.14. Based on the distribution chart, Plug Power ranks #999999 out of 2329 companies in the Industrial Products industry, which is in the bottom quartile relative to peers. Overall, Plug Power has a GF Score™ of 36/100, reflecting its overall financial health beyond just this single metric.
How does Plug Power's Debt-to-EBITDA compare to HAYW and ATKR?
According to the Industrial Products industry distribution chart, Plug Power ranks #999999 out of 2329 companies for Debt-to-EBITDA. This places Plug Power 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 Plug Power. 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. Plug Power's current Debt-to-EBITDA is -1.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Plug Power stock overvalued right now?
Plug Power (XSWX:PLUG) has a current Debt-to-EBITDA of -1.14. The stock's GF Value™ is CHF1.17, compared to a current price of CHF2.10 — trading 79.4% above its estimated fair value. The current Debt-to-EBITDA is -1.14. Plug Power's overall GF Score™ is 36/100 with 6 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 Plug Power (XSWX:PLUG), the current Debt-to-EBITDA is -1.14 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 Plug Power (XSWX:PLUG) Overvalued in 2026?
Based on GuruFocus' analysis, Plug Power stock appears to be overvalued.
The current stock price of CHF2.10 is trading 79.4% above its estimated GF Value™ of CHF1.17.
Key valuation signals for XSWX:PLUG:
Debt-to-EBITDA: -1.14
GF Value™: CHF1.17 vs. price of CHF2.10 (79.4% above fair value)
No single metric tells the full story. See the XSWX:PLUG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Plug Power Inc is building an end-to-end green hydrogen ecosystem, from production, storage, and delivery to energy generation. The company plans to build and operate green hydrogen highways across North America and Europe. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple end markets, including material handling, e-mobility, power generation, and industrial applications.
36GF Score
Get the complete analysis for XSWX:PLUG
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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