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Alpha Adriatic JSCZAG:ULPL 42 Debt-to-EBITDA is 25.82 as of Mar. 2026, which is 391% above its 10-year median of 5.26. GuruFocus rates ZAG:ULPL with a GF Score™ of 42/100 and a GF Value™ of €20.00 (Possible Value Trap). The stock has 1 warning sign investors should review. Among 869 Transportation companies, Alpha Adriatic JSC ranks worse than 99.31% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Alpha Adriatic JSC's Debt-to-EBITDA or its related term are showing as below:
ZAG:ULPL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -25.91 Med: 5.26 Max: 50.32
Current: 50.32
During the past 13 years, the highest Debt-to-EBITDA Ratio of Alpha Adriatic JSC was 50.32. The lowest was -25.91. And the median was 5.26.
ZAG:ULPL's Debt-to-EBITDA is ranked worse than 99.31% of 869
companies
in the Transportation industry
Industry Median: 2.62
vs ZAG:ULPL: 50.32
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.
Alpha Adriatic JSC Debt-to-EBITDA Related Terms
Alpha Adriatic JSC Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Alpha Adriatic JSC'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.
ZAG:ULPL vs UPS, FDX, JBHT: Debt-to-EBITDA Comparison
For the Integrated Freight & Logistics subindustry, Alpha Adriatic JSC'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.
Alpha Adriatic JSC Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Alpha Adriatic JSC's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Alpha Adriatic JSC'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.
Alpha Adriatic JSC (ZAG:ULPL) has a Debt-to-EBITDA of 25.82 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 Alpha Adriatic JSC. This is 391% above median its historical median of 5.26. According to the industry distribution chart, Alpha Adriatic JSC ranks #863 out of 869 companies in the Transportation industry, placing it in the top 99.3%.
Is Alpha Adriatic JSC's Debt-to-EBITDA too high?
Alpha Adriatic JSC's current Debt-to-EBITDA of 25.82 is 391% above median its 10-year median of 5.26. The Transportation industry median Debt-to-EBITDA is 2.62. Alpha Adriatic JSC's value of 25.82 is 885.5% above this industry median. Based on the distribution chart, Alpha Adriatic JSC ranks #863 out of 869 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, Alpha Adriatic JSC has a GF Score™ of 42/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Alpha Adriatic JSC's Debt-to-EBITDA compare to UPS and FDX?
According to the Transportation industry distribution chart, Alpha Adriatic JSC ranks #863 out of 869 companies for Debt-to-EBITDA. This places Alpha Adriatic JSC in the lower half of its industry. The industry median Debt-to-EBITDA is 2.62. Alpha Adriatic JSC's value of 25.82 is 885.5% above this benchmark. While the company's 10-year median is 5.26 vs. the industry median of 2.62, Alpha Adriatic JSC 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 Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.62, based on 869 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. Alpha Adriatic JSC's current Debt-to-EBITDA of 25.82 is 885.5% 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 Alpha Adriatic JSC. For the Transportation industry, the median Debt-to-EBITDA is 2.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alpha Adriatic JSC's current Debt-to-EBITDA is 25.82, which is 391% above median its own 10-year median of 5.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alpha Adriatic JSC stock overvalued right now?
Based on GuruFocus' analysis, Alpha Adriatic JSC (ZAG:ULPL) is currently considered Possible Value Trap. The stock's GF Value™ is €20.00, compared to a current price of €8.00 — trading 60% below its estimated fair value. The current Debt-to-EBITDA is 25.82, which is 391% above median its 10-year median of 5.26 and 885.5% above the Transportation industry median of 2.62. Alpha Adriatic JSC's overall GF Score™ is 42/100 with 1 warning sign 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 Alpha Adriatic JSC (ZAG:ULPL), the current Debt-to-EBITDA is 25.82 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 Alpha Adriatic JSC (ZAG:ULPL) Overvalued in 2026?
Based on GuruFocus' analysis, Alpha Adriatic JSC stock appears to be undervalued.
The current stock price of €8.00 is trading 60% below its estimated GF Value™ of €20.00.
GuruFocus considers Alpha Adriatic JSC to be Possible Value Trap.
Key valuation signals for ZAG:ULPL:
Debt-to-EBITDA: 25.82 (391% above median its 10-year median of 5.26)
GF Value™: €20.00 vs. price of €8.00 (60% below fair value)
Industry Position: 885.5% above the Transportation median (#863 of 869)
No single metric tells the full story. See the ZAG:ULPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alpha Adriatic JSC engaged in activities of international maritime transportation of goods in dry bulk and tanker sectors and providing full ship management services for third parties. It has interests in oil and chemical tankers, and bulk carriers and also provides third-party ship management services for oil and chemical tankers.
42GF Score
Get the complete analysis for ZAG:ULPL
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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