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Zhejiang Expressway CoZHEXF 71 Debt-to-EBITDA is 4.11 as of Dec. 2025, which is 31% below its 10-year median of 5.94. GuruFocus rates ZHEXF with a GF Score™ of 71/100 and a GF Value™ of $1.01 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,403 Construction companies, Zhejiang Expressway Co ranks worse than 90.16% 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 Zhejiang Expressway Co's Debt-to-EBITDA or its related term are showing as below:
ZHEXF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.51 Med: 5.94 Max: 11.06
Current: 11.06
During the past 13 years, the highest Debt-to-EBITDA Ratio of Zhejiang Expressway Co was 11.06. The lowest was 3.51. And the median was 5.94.
ZHEXF's Debt-to-EBITDA is ranked worse than 90.16% of 1403
companies
in the Construction industry
Industry Median: 2.15
vs ZHEXF: 11.06
Zhejiang Expressway Co (OTCPK:ZHEXF) Debt-to-EBITDA Explanation
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.
Zhejiang Expressway Co Debt-to-EBITDA Related Terms
Zhejiang Expressway Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Zhejiang Expressway Co'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.
Zhejiang Expressway Co Debt-to-EBITDA Competitor Comparison
For the Infrastructure Operations subindustry, Zhejiang Expressway Co'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.
Zhejiang Expressway Co Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Zhejiang Expressway Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Zhejiang Expressway Co'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 (Dec. 2025) EBITDA data.
Zhejiang Expressway Co (ZHEXF) has a Debt-to-EBITDA of 4.11 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 Zhejiang Expressway Co. This is 31% below median its historical median of 5.94. Over the past decade, Zhejiang Expressway Co's Debt-to-EBITDA has ranged from 3.51 to 11.06. According to the industry distribution chart, Zhejiang Expressway Co ranks #1265 out of 1403 companies in the Construction industry, placing it in the top 90.2%.
Is Zhejiang Expressway Co's Debt-to-EBITDA too high?
Zhejiang Expressway Co's current Debt-to-EBITDA of 4.11 is 31% below median its 10-year median of 5.94. Over the past 10 years, this metric has ranged from a low of 3.51 to a high of 11.06. The Construction industry median Debt-to-EBITDA is 2.15. Zhejiang Expressway Co's value of 4.11 is 91.2% above this industry median. Based on the distribution chart, Zhejiang Expressway Co ranks #1265 out of 1403 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, Zhejiang Expressway Co has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Expressway Co's Debt-to-EBITDA compare to competitors?
According to the Construction industry distribution chart, Zhejiang Expressway Co ranks #1265 out of 1403 companies for Debt-to-EBITDA. This places Zhejiang Expressway Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.15. Zhejiang Expressway Co's value of 4.11 is 91.2% above this benchmark. Historically, Zhejiang Expressway Co's own Debt-to-EBITDA has ranged from 3.51 to 11.06 over the past decade. While the company's 10-year median is 5.94 vs. the industry median of 2.15, Zhejiang Expressway Co 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.15, based on 1,403 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. Zhejiang Expressway Co's current Debt-to-EBITDA of 4.11 is 91.2% 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 Zhejiang Expressway Co. For the Construction industry, the median Debt-to-EBITDA is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Expressway Co's current Debt-to-EBITDA is 4.11, which is 31% below median its own 10-year median of 5.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Expressway Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Expressway Co (ZHEXF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.01, compared to a current price of $0.86 — trading 14.6% below its estimated fair value. The current Debt-to-EBITDA is 4.11, which is 31% below median its 10-year median of 5.94 and 91.2% above the Construction industry median of 2.15. Zhejiang Expressway Co's overall GF Score™ is 71/100 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 Zhejiang Expressway Co (ZHEXF), the current Debt-to-EBITDA is 4.11 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 Zhejiang Expressway Co (ZHEXF) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Expressway Co stock appears to be undervalued.
The current stock price of $0.86 is trading 14.6% below its estimated GF Value™ of $1.01.
GuruFocus considers Zhejiang Expressway Co to be Modestly Undervalued.
Key valuation signals for ZHEXF:
Debt-to-EBITDA: 4.11 (31% below median its 10-year median of 5.94)
GF Value™: $1.01 vs. price of $0.86 (14.6% below fair value)
Industry Position: 91.2% above the Construction median (#1265 of 1403)
No single metric tells the full story. See the ZHEXF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Expressway Co Ltd is a Chinese infrastructure company that, through its subsidiaries, develops, maintains, and operates high-grade roads. The company organizes itself into three segments: toll operation, securities business, and other business. The company derives the majority of revenue and earnings from the toll road business. The securities business, the next segment, provides brokerage services, including advisory, margin lending, and asset management. The company earns the entirety of its revenue domestically.
71GF Score
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