Sonova Holding AG (XSWX:SOON) Debt-to-EBITDA : 1.57 (As of Mar. 2026) — Near 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:SOON Sonova Holding AG XSWX:SOON
90 GF Score
Price CHF204.40
GF Value CHF250.41
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Sonova Holding AG Debt-to-EBITDA?

Sonova Holding AG XSWX:SOON -0.87% 90 Debt-to-EBITDA is 1.57 as of Mar. 2026, which is 7% below its 10-year median of 1.69. GuruFocus rates XSWX:SOON with a GF Score™ of 90/100 and a GF Value™ of CHF250.41 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 470 Medical Devices & Instruments companies, Sonova Holding AG ranks worse than 55.32% on this metric.

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

Sonova Holding AG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was CHF186 Mil. Sonova Holding AG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was CHF1,525 Mil. Sonova Holding AG's annualized EBITDA for the quarter that ended in Mar. 2026 was CHF1,094 Mil. Sonova Holding AG's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 1.56.

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

XSWX:SOON' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.92   Med: 1.69   Max: 2.18
Current: 1.84

During the past 13 years, the highest Debt-to-EBITDA Ratio of Sonova Holding AG was 2.18. The lowest was 0.92. And the median was 1.69.

XSWX:SOON's Debt-to-EBITDA is ranked worse than
55.32% of 470 companies
in the Medical Devices & Instruments industry
Industry Median: 1.585 vs XSWX:SOON: 1.84

Sonova Holding AG  (XSWX:SOON) 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.


Sonova Holding AG Debt-to-EBITDA Related Terms


Sonova Holding AG Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Sonova Holding 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.

Sonova Holding AG Debt-to-EBITDA Chart

Sonova Holding AG Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.55 1.85 1.95 1.87 1.84

Sonova Holding AG Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 1.85 0.31 1.64 0.30 1.57

XSWX:SOON vs ABT, SYK, MDT: Debt-to-EBITDA Comparison

For the Medical Devices subindustry, Sonova Holding 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.


Sonova Holding AG Debt-to-EBITDA vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Sonova Holding AG's Debt-to-EBITDA distribution charts can be found below:

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


XSWX:SOON
90GF Score
Sonova Holding AG XSWX:SOON
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sonova Holding AG Debt-to-EBITDA Calculation

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

Sonova Holding AG's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(186.3 + 1525.4) / 930.7
=1.84

Sonova Holding AG's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(186.3 + 1525.4) / 1094
=1.56

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.57 mean?
Sonova Holding AG (XSWX:SOON) has a Debt-to-EBITDA of 1.57 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 Sonova Holding AG. This is near median its historical median of 1.69. Over the past decade, Sonova Holding AG's Debt-to-EBITDA has ranged from 0.92 to 2.18. According to the industry distribution chart, Sonova Holding AG ranks #260 out of 470 companies in the Medical Devices & Instruments industry, placing it in the top 55.3%.
Is Sonova Holding AG's Debt-to-EBITDA too high?
Sonova Holding AG's current Debt-to-EBITDA of 1.57 is near median its 10-year median of 1.69. Over the past 10 years, this metric has ranged from a low of 0.92 to a high of 2.18. The Medical Devices & Instruments industry median Debt-to-EBITDA is 1.59. Sonova Holding AG's value of 1.57 is 0.9% below this industry median. Based on the distribution chart, Sonova Holding AG ranks #260 out of 470 companies in the Medical Devices & Instruments industry, which is below the industry midpoint. Overall, Sonova Holding AG has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sonova Holding AG's Debt-to-EBITDA compare to ABT and SYK?
According to the Medical Devices & Instruments industry distribution chart, Sonova Holding AG ranks #260 out of 470 companies for Debt-to-EBITDA. This places Sonova Holding AG in the lower half of its industry. The industry median Debt-to-EBITDA is 1.59. Sonova Holding AG's value of 1.57 is 0.9% below this benchmark. Historically, Sonova Holding AG's own Debt-to-EBITDA has ranged from 0.92 to 2.18 over the past decade. While the company's 10-year median is 1.69 vs. the industry median of 1.59, Sonova Holding AG has consistently been below 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 Medical Devices & Instruments company?
The median Debt-to-EBITDA among Medical Devices & Instruments companies is 1.59, based on 470 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. Sonova Holding AG's current Debt-to-EBITDA of 1.57 is 0.9% below 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 Sonova Holding AG. For the Medical Devices & Instruments industry, the median Debt-to-EBITDA is 1.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sonova Holding AG's current Debt-to-EBITDA is 1.57, which is near median its own 10-year median of 1.69. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sonova Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Sonova Holding AG (XSWX:SOON) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF250.41, compared to a current price of CHF204.40 — trading 18.4% below its estimated fair value. The current Debt-to-EBITDA is 1.57, which is near median its 10-year median of 1.69 and 0.9% below the Medical Devices & Instruments industry median of 1.59. Sonova Holding AG's overall GF Score™ is 90/100 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 Sonova Holding AG (XSWX:SOON), the current Debt-to-EBITDA is 1.57 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 Sonova Holding AG (XSWX:SOON) Overvalued in 2026?

Based on GuruFocus' analysis, Sonova Holding AG stock appears to be undervalued. The current stock price of CHF204.40 is trading 18.4% below its estimated GF Value™ of CHF250.41. GuruFocus considers Sonova Holding AG to be Modestly Undervalued.

Key valuation signals for XSWX:SOON:

  • Debt-to-EBITDA: 1.57 (near median its 10-year median of 1.69)
  • GF Value™: CHF250.41 vs. price of CHF204.40 (18.4% below fair value)
  • GF Score™: 90/100 with 3 warning signs
  • Industry Position: 0.9% below the Medical Devices & Instruments median (#260 of 470)

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


Sonova Holding AG Business Description

Address Laubisrutistrasse 28, Stafa, CHE, CH-8712
Sonova is one of the world's largest manufacturers and distributors of hearing aids. The company is based in Switzerland and distributes its products in more than 100 countries through its internal sales team and independent retailers. It also sells cochlear implants and audio technologies.
90GF Score

Get the complete analysis for XSWX:SOON

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

CHF204.40
Price
CHF250.41
GF Value