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ANA HoldingsALNPY +3.44%79 Debt-to-EBITDA is 1.54 as of Mar. 2026, which is 52% below its 10-year median of 3.18. GuruFocus rates ALNPY with a GF Score™ of 79/100 and a GF Value™ of $4.37 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 871 Transportation companies, ANA Holdings ranks worse than 52.58% 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 ANA Holdings's Debt-to-EBITDA or its related term are showing as below:
ALNPY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.73 Med: 3.18 Max: 182.49
Current: 2.81
During the past 13 years, the highest Debt-to-EBITDA Ratio of ANA Holdings was 182.49. The lowest was -4.73. And the median was 3.18.
ALNPY's Debt-to-EBITDA is ranked worse than 52.58% of 871
companies
in the Transportation industry
Industry Median: 2.65
vs ALNPY: 2.81
ANA Holdings (OTCPK:ALNPY) 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.
ANA Holdings Debt-to-EBITDA Related Terms
ANA Holdings Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for ANA Holdings'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.
For the Airlines subindustry, ANA Holdings'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.
ANA Holdings Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, ANA Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where ANA Holdings'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 (Mar. 2026) EBITDA data.
ANA Holdings (ALNPY) has a Debt-to-EBITDA of 1.54 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on ANA Holdings. This is 52% below median its historical median of 3.18. According to the industry distribution chart, ANA Holdings ranks #458 out of 871 companies in the Transportation industry, placing it in the top 52.6%.
Is ANA Holdings' Debt-to-EBITDA too high?
ANA Holdings' current Debt-to-EBITDA of 1.54 is 52% below median its 10-year median of 3.18. The Transportation industry median Debt-to-EBITDA is 2.65. ANA Holdings' value of 1.54 is 41.9% below this industry median. Based on the distribution chart, ANA Holdings ranks #458 out of 871 companies in the Transportation industry, which is below the industry midpoint. Overall, ANA Holdings has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ANA Holdings' Debt-to-EBITDA compare to DAL and UAL?
According to the Transportation industry distribution chart, ANA Holdings ranks #458 out of 871 companies for Debt-to-EBITDA. This places ANA Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 2.65. ANA Holdings' value of 1.54 is 41.9% below this benchmark. While the company's 10-year median is 3.18 vs. the industry median of 2.65, ANA Holdings 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-EBITDA for a Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.65, based on 871 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. ANA Holdings's current Debt-to-EBITDA of 1.54 is 41.9% 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 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 ANA Holdings. For the Transportation industry, the median Debt-to-EBITDA is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ANA Holdings's current Debt-to-EBITDA is 1.54, which is 52% below median its own 10-year median of 3.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ANA Holdings stock overvalued right now?
Based on GuruFocus' analysis, ANA Holdings (ALNPY) is currently considered Modestly Undervalued. The stock's GF Value™ is $4.37, compared to a current price of $3.91 — trading 10.5% below its estimated fair value. The current Debt-to-EBITDA is 1.54, which is 52% below median its 10-year median of 3.18 and 41.9% below the Transportation industry median of 2.65. ANA Holdings' overall GF Score™ is 79/100 with 2 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 ANA Holdings (ALNPY), the current Debt-to-EBITDA is 1.54 as of Mar. 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 ANA Holdings (ALNPY) Overvalued in 2026?
Based on GuruFocus' analysis, ANA Holdings stock appears to be undervalued.
The current stock price of $3.91 is trading 10.5% below its estimated GF Value™ of $4.37.
GuruFocus considers ANA Holdings to be Modestly Undervalued.
Key valuation signals for ALNPY:
Debt-to-EBITDA: 1.54 (52% below median its 10-year median of 3.18)
GF Value™: $4.37 vs. price of $3.91 (10.5% below fair value)
Industry Position: 41.9% below the Transportation median (#458 of 871)
No single metric tells the full story. See the ALNPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ANA Holdings is the holding firm of Japan's largest airline, All Nippon Airways. Besides the flagship carrier, ANA also owns discount airline Peach Aviation, Hokkaido-based Air Do, and airfreight carrier Nippon Cargo Airlines. Air Japan, which was launched to provide discount flights to Southeast Asia, will cease in 2026. Prior to covid-19, passenger transport made up over 50% of group revenue, split almost equally between domestic and international passenger routes while cargo revenue made up 4%-5%. Its primary hub is Tokyo's Narita International Airport, but it is also expanding routes from Haneda Airport. ANA has minor stakes in Philippine Airlines, Vietnam Airlines, and IHG ANA Hotels Group Japan. The latter is a hotel chain in Japan owned and operated by InterContinental Hotels Group.
79GF Score
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