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.
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.
Harboes Bryggeri ASFRA:DX4 +0.26%63 EV-to-EBITDA is 6.46 as of Aug. 01, 2026, which is 28% above its 10-year median of 5.06. GuruFocus rates FRA:DX4 with a GF Score™ of 63/100 and a GF Value™ of €15.97. The stock has 5 warning signs investors should review. Among 168 Beverages - Alcoholic companies, Harboes Bryggeri AS ranks better than 79.76% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Harboes Bryggeri AS's enterprise value is €111.6 Mil.
Harboes Bryggeri AS's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 was €17.3 Mil. Therefore, Harboes Bryggeri AS's EV-to-EBITDA for today is 6.46.
The historical rank and industry rank for Harboes Bryggeri AS's EV-to-EBITDA or its related term are showing as below:
FRA:DX4'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 2.06 Med: 5.06 Max: 8.82
Current: 6.55
During the past 13 years, the highest EV-to-EBITDA of Harboes Bryggeri AS was 8.82. The lowest was 2.06. And the median was 5.06.
FRA:DX4's EV-to-EBITDA is ranked better than 79.76% of 168
companies
in the Beverages - Alcoholic industry
Industry Median: 11.305
vs FRA:DX4: 6.55
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
Harboes Bryggeri AS (FRA:DX4) EV-to-EBITDA Explanation
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Harboes Bryggeri AS's PE Ratio (TTM) for today is calculated as:
Harboes Bryggeri AS's share price for today is €15.18.
Harboes Bryggeri AS's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €0.725.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Harboes Bryggeri AS's EV-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.
For the Beverages - Brewers subindustry, Harboes Bryggeri AS's EV-to-EBITDA, along with its competitors' market caps and EV-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.
Harboes Bryggeri AS EV-to-EBITDA vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Harboes Bryggeri AS's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Harboes Bryggeri AS's EV-to-EBITDA falls into.
Harboes Bryggeri AS's current Enterprise Value is €111.6 Mil.
Harboes Bryggeri AS's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €17.3 Mil.
* 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.
Harboes Bryggeri AS (FRA:DX4) has a EV-to-EBITDA of 6.46 as of Aug. 01, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Harboes Bryggeri AS. This is 28% above median its historical median of 5.06. Over the past decade, Harboes Bryggeri AS's EV-to-EBITDA has ranged from 2.06 to 8.82. According to the industry distribution chart, Harboes Bryggeri AS ranks #34 out of 168 companies in the Beverages - Alcoholic industry, placing it in the top 20.2%.
Is Harboes Bryggeri AS's EV-to-EBITDA too high?
Harboes Bryggeri AS's current EV-to-EBITDA of 6.46 is 28% above median its 10-year median of 5.06. Over the past 10 years, this metric has ranged from a low of 2.06 to a high of 8.82. The Beverages - Alcoholic industry median EV-to-EBITDA is 11.31. Harboes Bryggeri AS's value of 6.46 is 42.9% below this industry median. Based on the distribution chart, Harboes Bryggeri AS ranks #34 out of 168 companies in the Beverages - Alcoholic industry, which is in the top quartile — a strong position relative to peers. Overall, Harboes Bryggeri AS has a GF Score™ of 63/100, reflecting its overall financial health beyond just this single metric.
How does Harboes Bryggeri AS's EV-to-EBITDA compare to STZ and TAP?
According to the Beverages - Alcoholic industry distribution chart, Harboes Bryggeri AS ranks #34 out of 168 companies for EV-to-EBITDA. This places Harboes Bryggeri AS in the top 20% of its industry — outperforming the majority of peers. The industry median EV-to-EBITDA is 11.31. Harboes Bryggeri AS's value of 6.46 is 42.9% below this benchmark. Historically, Harboes Bryggeri AS's own EV-to-EBITDA has ranged from 2.06 to 8.82 over the past decade. While the company's 10-year median is 5.06 vs. the industry median of 11.31, Harboes Bryggeri 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 EV-to-EBITDA for a Beverages - Alcoholic company?
The median EV-to-EBITDA among Beverages - Alcoholic companies is 11.31, based on 168 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Harboes Bryggeri AS's current EV-to-EBITDA of 6.46 is 42.9% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Harboes Bryggeri AS. For the Beverages - Alcoholic industry, the median EV-to-EBITDA is 11.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harboes Bryggeri AS's current EV-to-EBITDA is 6.46, which is 28% above median its own 10-year median of 5.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harboes Bryggeri AS stock overvalued right now?
Harboes Bryggeri AS (FRA:DX4) has a current EV-to-EBITDA of 6.46. The stock's GF Value™ is €15.97, compared to a current price of €15.18 — trading 4.9% below its estimated fair value. The current EV-to-EBITDA is 6.46, which is 28% above median its 10-year median of 5.06 and 42.9% below the Beverages - Alcoholic industry median of 11.31. Harboes Bryggeri AS's overall GF Score™ is 63/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Harboes Bryggeri AS (FRA:DX4), the current EV-to-EBITDA is 6.46 as of Aug. 01, 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 Harboes Bryggeri AS (FRA:DX4) Overvalued in 2026?
Based on GuruFocus' analysis, Harboes Bryggeri AS stock appears to be undervalued.
The current stock price of €15.18 is trading 4.9% below its estimated GF Value™ of €15.97.
Key valuation signals for FRA:DX4:
EV-to-EBITDA: 6.46 (28% above median its 10-year median of 5.06)
GF Value™: €15.97 vs. price of €15.18 (4.9% below fair value)
Industry Position: 42.9% below the Beverages - Alcoholic median (#34 of 168)
No single metric tells the full story. See the FRA:DX4 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harboes Bryggeri AS is a Denmark-based company which is engaged in the production and sale of alcoholic and non-alcoholic beverages. The product portfolio of the company includes beer, soft drinks, non-alcoholic malt and dark malt, energy drinks, juices, ciders, water, and others. Harboes has its presence in Denmark, Germany, and other countries. The majority of the company's revenue comes from Germany.
63GF Score
Get the complete analysis for FRA:DX4
EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:DX4 has been successfully added to your 
