Tallinnadam AS (FRA:K9B) Debt-to-Equity: 0.47 (As of Jun. 2026) — 11% Below 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.

FRA:K9B Tallinna Sadam AS FRA:K9B
56 GF Score
Price €1.22
GF Value €1.16
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Tallinnadam AS Debt-to-Equity?

Tallinnadam AS FRA:K9B 56 Debt-to-Equity is 0.47 as of Jun. 2026, which is 11% below its 10-year median of 0.53. GuruFocus rates FRA:K9B with a GF Score™ of 56/100 and a GF Value™ of €1.16 (Fairly Valued). The stock has 5 warning signs investors should review. Among 911 Transportation companies, Tallinnadam AS ranks better than 53.02% on this metric.

Tallinnadam AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €93.1 Mil. Tallinnadam AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €80.3 Mil. Tallinnadam AS's Total Stockholders Equity for the quarter that ended in Jun. 2026 was €367.7 Mil. Tallinnadam AS's debt to equity for the quarter that ended in Jun. 2026 was 0.47.

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 Tallinnadam AS's Debt-to-Equity or its related term are showing as below:

FRA:K9B' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44   Med: 0.53   Max: 0.72
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Tallinnadam AS was 0.72. The lowest was 0.44. And the median was 0.53.

FRA:K9B's Debt-to-Equity is ranked better than
53.02% of 911 companies
in the Transportation industry
Industry Median: 0.53 vs FRA:K9B: 0.47

Tallinnadam AS  (FRA:K9B) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Tallinnadam AS Debt-to-Equity Related Terms


Tallinnadam AS Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Tallinnadam AS'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.

Tallinnadam AS Debt-to-Equity Chart

Tallinnadam AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.54 0.50 0.46 0.49 0.46

Tallinnadam AS Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity 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 0.50 0.48 0.46 0.45 0.47

FRA:K9B vs KEX: Debt-to-Equity Comparison

For the Marine Shipping subindustry, Tallinnadam AS'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.


Tallinnadam AS Debt-to-Equity vs Transportation Industry

For the Transportation industry and Industrials sector, Tallinnadam AS's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Tallinnadam AS's Debt-to-Equity falls into.


FRA:K9B
56GF Score
Tallinna Sadam AS FRA:K9B
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tallinnadam AS Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Tallinnadam AS's Debt to Equity Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Tallinnadam AS's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 0.47 mean?
Tallinnadam AS (FRA:K9B) has a Debt-to-Equity of 0.47 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Tallinnadam AS and its competitors. This is 11% below median its historical median of 0.53. Over the past decade, Tallinnadam AS's Debt-to-Equity has ranged from 0.44 to 0.72. According to the industry distribution chart, Tallinnadam AS ranks #428 out of 911 companies in the Transportation industry, placing it in the top 47%.
Is Tallinnadam AS's Debt-to-Equity too high?
Tallinnadam AS's current Debt-to-Equity of 0.47 is 11% below median its 10-year median of 0.53. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 0.72. The Transportation industry median Debt-to-Equity is 0.53. Tallinnadam AS's value of 0.47 is 11.3% below this industry median. Based on the distribution chart, Tallinnadam AS ranks #428 out of 911 companies in the Transportation industry, which is above the industry midpoint. Overall, Tallinnadam AS has a GF Score™ of 56/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tallinnadam AS's Debt-to-Equity compare to KEX?
According to the Transportation industry distribution chart, Tallinnadam AS ranks #428 out of 911 companies for Debt-to-Equity. This puts Tallinnadam AS in the upper half of its industry. The industry median Debt-to-Equity is 0.53. Tallinnadam AS's value of 0.47 is 11.3% below this benchmark. Historically, Tallinnadam AS's own Debt-to-Equity has ranged from 0.44 to 0.72 over the past decade. While the company's 10-year median is 0.53 vs. the industry median of 0.53, Tallinnadam AS 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-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 911 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. Tallinnadam AS's current Debt-to-Equity of 0.47 is 11.3% 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-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 Tallinnadam AS and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tallinnadam AS's current Debt-to-Equity is 0.47, which is 11% below median its own 10-year median of 0.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tallinnadam AS stock overvalued right now?
Based on GuruFocus' analysis, Tallinnadam AS (FRA:K9B) is currently considered Fairly Valued. The stock's GF Value™ is €1.16, compared to a current price of €1.22 — trading 4.8% above its estimated fair value. The current Debt-to-Equity is 0.47, which is 11% below median its 10-year median of 0.53 and 11.3% below the Transportation industry median of 0.53. Tallinnadam AS's overall GF Score™ is 56/100 with 5 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 Tallinnadam AS (FRA:K9B), the current Debt-to-Equity is 0.47 as of Jun. 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 Tallinnadam AS (FRA:K9B) Overvalued in 2026?

Based on GuruFocus' analysis, Tallinnadam AS stock appears to be overvalued. The current stock price of €1.22 is trading 4.8% above its estimated GF Value™ of €1.16. GuruFocus considers Tallinnadam AS to be Fairly Valued.

Key valuation signals for FRA:K9B:

  • Debt-to-Equity: 0.47 (11% below median its 10-year median of 0.53)
  • GF Value™: €1.16 vs. price of €1.22 (4.8% above fair value)
  • GF Score™: 56/100 with 5 warning signs
  • Industry Position: 11.3% below the Transportation median (#428 of 911)

No single metric tells the full story. See the FRA:K9B stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tallinnadam AS Business Description

Other Exchanges TSM1T:Estonia
Address Sadama 25, Tallinn, EST, 15051
Tallinna Sadam AS is the owner and operator of the Port of Tallinn. It owns two passenger harbours and two cargo harbours. Through its subsidiary, the company also operates ferries and provides passenger transport services between Estonia's mainland and Saaremaa and Hiiumaa islands. The group's reportable segments are Passenger harbours, Cargo harbours, Ferry and Others. Maximum revenue is derived from the Passenger harbours segment, which represents revenue generated by passenger harbours consisting mainly of vessel dues collected from ferries and cruise ships, and passenger fees charged for using services provided by the harbours. Geographically, the group earns a majority of its revenue in Estonia.
56GF Score

Get the complete analysis for FRA:K9B

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

€1.22
Price
€1.16
GF Value