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.
Asahi Group HoldingsASBRF 86 Debt-to-EBITDA is 5.31 as of Dec. 2025, which is 41% above its 10-year median of 3.77. GuruFocus rates ASBRF with a GF Score™ of 86/100 and a GF Value™ of $12.59 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 158 Beverages - Alcoholic companies, Asahi Group Holdings ranks worse than 76.58% 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 Asahi Group Holdings's Debt-to-EBITDA or its related term are showing as below:
ASBRF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.53 Med: 3.77 Max: 6.92
Current: 4.43
During the past 13 years, the highest Debt-to-EBITDA Ratio of Asahi Group Holdings was 6.92. The lowest was 2.53. And the median was 3.77.
ASBRF's Debt-to-EBITDA is ranked worse than 76.58% of 158
companies
in the Beverages - Alcoholic industry
Industry Median: 2.28
vs ASBRF: 4.43
Asahi Group Holdings (OTCPK:ASBRF) 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.
Asahi Group Holdings Debt-to-EBITDA Related Terms
Asahi Group Holdings Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Asahi Group 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 Beverages - Brewers subindustry, Asahi Group 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.
Asahi Group Holdings Debt-to-EBITDA vs Beverages - Alcoholic Industry
For the Beverages - Alcoholic industry and Consumer Defensive sector, Asahi Group Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Asahi Group 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 (Dec. 2025) EBITDA data.
Asahi Group Holdings (ASBRF) has a Debt-to-EBITDA of 5.31 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Asahi Group Holdings. This is 41% above median its historical median of 3.77. Over the past decade, Asahi Group Holdings' Debt-to-EBITDA has ranged from 2.53 to 6.92. According to the industry distribution chart, Asahi Group Holdings ranks #121 out of 158 companies in the Beverages - Alcoholic industry, placing it in the top 76.6%.
Is Asahi Group Holdings' Debt-to-EBITDA too high?
Asahi Group Holdings' current Debt-to-EBITDA of 5.31 is 41% above median its 10-year median of 3.77. Over the past 10 years, this metric has ranged from a low of 2.53 to a high of 6.92. The Beverages - Alcoholic industry median Debt-to-EBITDA is 2.28. Asahi Group Holdings' value of 5.31 is 132.9% above this industry median. Based on the distribution chart, Asahi Group Holdings ranks #121 out of 158 companies in the Beverages - Alcoholic industry, which is in the bottom quartile relative to peers. Overall, Asahi Group Holdings has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Asahi Group Holdings' Debt-to-EBITDA compare to BUD and STZ?
According to the Beverages - Alcoholic industry distribution chart, Asahi Group Holdings ranks #121 out of 158 companies for Debt-to-EBITDA. This places Asahi Group Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 2.28. Asahi Group Holdings' value of 5.31 is 132.9% above this benchmark. Historically, Asahi Group Holdings' own Debt-to-EBITDA has ranged from 2.53 to 6.92 over the past decade. While the company's 10-year median is 3.77 vs. the industry median of 2.28, Asahi Group Holdings 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-EBITDA for a Beverages - Alcoholic company?
The median Debt-to-EBITDA among Beverages - Alcoholic companies is 2.28, based on 158 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. Asahi Group Holdings's current Debt-to-EBITDA of 5.31 is 132.9% 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-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 Asahi Group Holdings. For the Beverages - Alcoholic industry, the median Debt-to-EBITDA is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asahi Group Holdings's current Debt-to-EBITDA is 5.31, which is 41% above median its own 10-year median of 3.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asahi Group Holdings stock overvalued right now?
Based on GuruFocus' analysis, Asahi Group Holdings (ASBRF) is currently considered Modestly Undervalued. The stock's GF Value™ is $12.59, compared to a current price of $9.75 — trading 22.6% below its estimated fair value. The current Debt-to-EBITDA is 5.31, which is 41% above median its 10-year median of 3.77 and 132.9% above the Beverages - Alcoholic industry median of 2.28. Asahi Group Holdings' overall GF Score™ is 86/100 with 4 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 Asahi Group Holdings (ASBRF), the current Debt-to-EBITDA is 5.31 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 Asahi Group Holdings (ASBRF) Overvalued in 2026?
Based on GuruFocus' analysis, Asahi Group Holdings stock appears to be undervalued.
The current stock price of $9.75 is trading 22.6% below its estimated GF Value™ of $12.59.
GuruFocus considers Asahi Group Holdings to be Modestly Undervalued.
Key valuation signals for ASBRF:
Debt-to-EBITDA: 5.31 (41% above median its 10-year median of 3.77)
GF Value™: $12.59 vs. price of $9.75 (22.6% below fair value)
Industry Position: 132.9% above the Beverages - Alcoholic median (#121 of 158)
No single metric tells the full story. See the ASBRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asahi is the largest brewer in Japan with a nearly 40% market share, led by its Asahi Super Dry brand. It also operates a wide range of alcoholic and soft beverage products as well as packaged foods, mainly in Japan. Overseas markets accounted for over half of the company's revenue and close to 60% of operating profit, with Australia and Europe being two major markets. It acquired SABMiller's brands including Peroni and Pilsner Urquell in Western and Central Europe in 2016 and 2017 from Anheuser-Busch InBev. In Australia, Asahi holds market leaderships across beer and soft drinks segments, through its acquisitions of Schweppes Australia in 2009 and Carlton & United Breweries in 2020.
86GF Score
Get the complete analysis for ASBRF
Debt-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
ASBRF has been successfully added to your 
