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AVAXATH:AVAX +2.87%67 Debt-to-Equity is 1.84 as of Dec. 2025, which is 63% below its 10-year median of 5.02. GuruFocus rates ATH:AVAX with a GF Score™ of 67/100 and a GF Value™ of €2.92 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 1,607 Construction companies, AVAX ranks worse than 89.36% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for AVAX's Debt-to-Equity or its related term are showing as below:
ATH:AVAX'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.84 Med: 5.02 Max: 9.21
Current: 1.84
During the past 12 years, the highest Debt-to-Equity Ratio of AVAX was 9.21. The lowest was 1.84. And the median was 5.02.
ATH:AVAX's Debt-to-Equity is ranked worse than 89.36% of 1607
companies
in the Construction industry
Industry Median: 0.41
vs ATH:AVAX: 1.84
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
AVAX Debt-to-Equity Related Terms
AVAX Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for AVAX's Debt-to-Equity 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.
ATH:AVAX vs PWR, FIX, EME: Debt-to-Equity Comparison
For the Engineering & Construction subindustry, AVAX's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.
AVAX Debt-to-Equity vs Construction Industry
For the Construction industry and Industrials sector, AVAX's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where AVAX's Debt-to-Equity 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.
AVAX (ATH:AVAX) has a Debt-to-Equity of 1.84 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on AVAX and its competitors. This is 63% below median its historical median of 5.02. Over the past decade, AVAX's Debt-to-Equity has ranged from 1.84 to 9.21. According to the industry distribution chart, AVAX ranks #1436 out of 1607 companies in the Construction industry, placing it in the top 89.4%.
Is AVAX's Debt-to-Equity too high?
AVAX's current Debt-to-Equity of 1.84 is 63% below median its 10-year median of 5.02. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 9.21. The Construction industry median Debt-to-Equity is 0.41. AVAX's value of 1.84 is 348.8% above this industry median. Based on the distribution chart, AVAX ranks #1436 out of 1607 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, AVAX has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AVAX's Debt-to-Equity compare to PWR and FIX?
According to the Construction industry distribution chart, AVAX ranks #1436 out of 1607 companies for Debt-to-Equity. This places AVAX in the lower half of its industry. The industry median Debt-to-Equity is 0.41. AVAX's value of 1.84 is 348.8% above this benchmark. Historically, AVAX's own Debt-to-Equity has ranged from 1.84 to 9.21 over the past decade. While the company's 10-year median is 5.02 vs. the industry median of 0.41, AVAX 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-Equity for a Construction company?
The median Debt-to-Equity among Construction companies is 0.41, based on 1,607 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AVAX's current Debt-to-Equity of 1.84 is 348.8% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on AVAX and its competitors. For the Construction industry, the median Debt-to-Equity is 0.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AVAX's current Debt-to-Equity is 1.84, which is 63% below median its own 10-year median of 5.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AVAX stock overvalued right now?
Based on GuruFocus' analysis, AVAX (ATH:AVAX) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.92, compared to a current price of €3.58 — trading 22.6% above its estimated fair value. The current Debt-to-Equity is 1.84, which is 63% below median its 10-year median of 5.02 and 348.8% above the Construction industry median of 0.41. AVAX's overall GF Score™ is 67/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For AVAX (ATH:AVAX), the current Debt-to-Equity is 1.84 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 AVAX (ATH:AVAX) Overvalued in 2026?
Based on GuruFocus' analysis, AVAX stock appears to be overvalued.
The current stock price of €3.58 is trading 22.6% above its estimated GF Value™ of €2.92.
GuruFocus considers AVAX to be Modestly Overvalued.
Key valuation signals for ATH:AVAX:
Debt-to-Equity: 1.84 (63% below median its 10-year median of 5.02)
GF Value™: €2.92 vs. price of €3.58 (22.6% above fair value)
Industry Position: 348.8% above the Construction median (#1436 of 1607)
No single metric tells the full story. See the ATH:AVAX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
AVAX SA operates as a construction company in Greece. The company operates through the following segments: The Construction segment develops buildings, warehouses, and shopping centers; The Concessions segment constructs highways, bridges, airports, and car parks; The Energy segment comprises of the construction TAP natural gas pipeline in Northern Greece; design and construction of power plants in Iraq; TheReal Estate segment covers estate development and other activities. It derives maximum revenue from the Construction segment.
67GF Score
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