AX Real Estate (MAL:AXR) Interest Coverage: 4.34 (As of Oct. 2025) — 63% Above Median


MAL:AXR AX Real Estate PLC MAL:AXR
29 GF Score
Price €0.49
GF Value €0.81
Valuation Possible Value Trap
! 9 Warning Signs
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What is AX Real Estate Interest Coverage?

AX Real Estate MAL:AXR 29 Interest Coverage is 4.34 as of Oct. 2025, which is 63% above its 10-year median of 2.67. GuruFocus rates MAL:AXR with a GF Score™ of 29/100 and a GF Value™ of €0.81 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 1,295 Real Estate companies, AX Real Estate ranks worse than 56.76% on this metric.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income by its Interest Expense. AX Real Estate's Operating Income for the six months ended in Oct. 2025 was €14.15 Mil. AX Real Estate's Interest Expense for the six months ended in Oct. 2025 was €-3.26 Mil. AX Real Estate's interest coverage for the quarter that ended in Oct. 2025 was 4.34. The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. AX Real Estate PLC interest coverage is 3.22, which is low.

The historical rank and industry rank for AX Real Estate's Interest Coverage or its related term are showing as below:

MAL:AXR' s Interest Coverage Range Over the Past 10 Years
Min: 2.19   Med: 2.67   Max: 3.22
Current: 3.22


MAL:AXR's Interest Coverage is ranked worse than
56.76% of 1295 companies
in the Real Estate industry
Industry Median: 4.24 vs MAL:AXR: 3.22

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.


AX Real Estate  (MAL:AXR) Interest Coverage Explanation

Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.

Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .


AX Real Estate Interest Coverage Related Terms


AX Real Estate Interest Coverage Historical Data

* Premium members only.

The historical data trend for AX Real Estate's Interest Coverage 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.

Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

AX Real Estate Interest Coverage Chart

AX Real Estate Annual Data
Trend Oct22 Oct23 Oct24 Oct25
Interest Coverage
2.37 2.19 2.96 3.22

AX Real Estate Semi-Annual Data
Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25
Interest Coverage Get a 7-Day Free Trial 2.43 2.00 3.94 2.08 4.34

AX Real Estate Interest Coverage Competitor Comparison

For the Real Estate - Diversified subindustry, AX Real Estate's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.


AX Real Estate Interest Coverage vs Real Estate Industry

For the Real Estate industry and Real Estate sector, AX Real Estate's Interest Coverage distribution charts can be found below:

* The bar in red indicates where AX Real Estate's Interest Coverage falls into.


MAL:AXR
29GF Score
AX Real Estate PLC MAL:AXR
Interest Coverage is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

AX Real Estate Interest Coverage Calculation

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

If Interest Expense is negative and Operating Income is positive, then

Interest Coverage=-1* Operating Income /Interest Expense

Else if Interest Expense is negative and Operating Income is negative, then

The company did not have earnings to cover the interest expense.

Else if Interest Expense is 0 and Long-Term Debt & Capital Lease Obligation is 0, then

The company had no debt (1).


Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

AX Real Estate's Interest Coverage for the fiscal year that ended in Oct. 2025 is calculated as

Here, for the fiscal year that ended in Oct. 2025, AX Real Estate's Interest Expense was €-6.46 Mil. Its Operating Income was €20.80 Mil. And its Long-Term Debt & Capital Lease Obligation was €81.94 Mil.

Interest Coverage=-1* Operating Income (A: Oct. 2025 )/Interest Expense (A: Oct. 2025 )
=-1*20.804/-6.457
=3.22

AX Real Estate's Interest Coverage for the quarter that ended in Oct. 2025 is calculated as

Here, for the six months ended in Oct. 2025, AX Real Estate's Interest Expense was €-3.26 Mil. Its Operating Income was €14.15 Mil. And its Long-Term Debt & Capital Lease Obligation was €81.94 Mil.

Interest Coverage=-1* Operating Income (Q: Oct. 2025 )/Interest Expense (Q: Oct. 2025 )
=-1*14.148/-3.26
=4.34

* 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.

The higher the ratio, the stronger the company's Financial Strength is.

Frequently Asked Questions Learn more about Interest Coverage →
What does a Interest Coverage of 4.34 mean?
AX Real Estate (MAL:AXR) has a Interest Coverage of 4.34 as of Oct. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on AX Real Estate and its competitors. This is 63% above median its historical median of 2.67. Over the past decade, AX Real Estate's Interest Coverage has ranged from 2.19 to 3.22. According to the industry distribution chart, AX Real Estate ranks #735 out of 1295 companies in the Real Estate industry, placing it in the top 56.8%.
Is AX Real Estate's Interest Coverage too high?
AX Real Estate's current Interest Coverage of 4.34 is 63% above median its 10-year median of 2.67. Over the past 10 years, this metric has ranged from a low of 2.19 to a high of 3.22. The Real Estate industry median Interest Coverage is 4.24. AX Real Estate's value of 4.34 is 2.4% above this industry median. Based on the distribution chart, AX Real Estate ranks #735 out of 1295 companies in the Real Estate industry, which is below the industry midpoint. Overall, AX Real Estate has a GF Score™ of 29/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does AX Real Estate's Interest Coverage compare to competitors?
According to the Real Estate industry distribution chart, AX Real Estate ranks #735 out of 1295 companies for Interest Coverage. This places AX Real Estate in the lower half of its industry. The industry median Interest Coverage is 4.24. AX Real Estate's value of 4.34 is 2.4% above this benchmark. Historically, AX Real Estate's own Interest Coverage has ranged from 2.19 to 3.22 over the past decade. While the company's 10-year median is 2.67 vs. the industry median of 4.24, AX Real Estate 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 Interest Coverage for a Real Estate company?
The median Interest Coverage among Real Estate companies is 4.24, based on 1,295 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AX Real Estate's current Interest Coverage of 4.34 is 2.4% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on AX Real Estate and its competitors. For the Real Estate industry, the median Interest Coverage is 4.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AX Real Estate's current Interest Coverage is 4.34, which is 63% above median its own 10-year median of 2.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is AX Real Estate stock overvalued right now?
Based on GuruFocus' analysis, AX Real Estate (MAL:AXR) is currently considered Possible Value Trap. The stock's GF Value™ is €0.81, compared to a current price of €0.49 — trading 39.5% below its estimated fair value. The current Interest Coverage is 4.34, which is 63% above median its 10-year median of 2.67 and 2.4% above the Real Estate industry median of 4.24. AX Real Estate's overall GF Score™ is 29/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For AX Real Estate (MAL:AXR), the current Interest Coverage is 4.34 as of Oct. 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 AX Real Estate (MAL:AXR) Overvalued in 2026?

Based on GuruFocus' analysis, AX Real Estate stock appears to be undervalued. The current stock price of €0.49 is trading 39.5% below its estimated GF Value™ of €0.81. GuruFocus considers AX Real Estate to be Possible Value Trap.

Key valuation signals for MAL:AXR:

  • Interest Coverage: 4.34 (63% above median its 10-year median of 2.67)
  • GF Value™: €0.81 vs. price of €0.49 (39.5% below fair value)
  • GF Score™: 29/100 with 9 warning signs
  • Industry Position: 2.4% above the Real Estate median (#735 of 1295)

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


AX Real Estate Business Description

Address AX Business Centre, Triq Id-Difiza Civili, Mosta, MLT, MST 1741
AX Real Estate PLC serves as the holding company of the Estates Group within the AX Group, with the former boasting a diverse portfolio of properties. It is engaged in four main business sectors namely, Care, Construction, Hospitality, Real Estate, and Development, and is also involved in renewable energy. It generates rental revenues from Hospitality, Care home, Offices, Residential, and Warehousing. It generates the majority of its revenue from the Hospitality segment.
29GF Score

Get the complete analysis for MAL:AXR

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

€0.49
Price
€0.81
GF Value