Academy Sports and OutdoorsASO +1.87%79 Debt-to-EBITDA is 4.49 as of Apr. 2026, which is 63% above its 10-year median of 2.76. GuruFocus rates ASO with a GF Score™ of 79/100 and a GF Value™ of $59.58 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 896 Retail - Cyclical companies, Academy Sports and Outdoors ranks worse than 58.71% 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 Academy Sports and Outdoors's Debt-to-EBITDA or its related term are showing as below:
ASO'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.82 Med: 2.76 Max: 7.85
Current: 2.99
During the past 9 years, the highest Debt-to-EBITDA Ratio of Academy Sports and Outdoors was 7.85. The lowest was 1.82. And the median was 2.76.
ASO's Debt-to-EBITDA is ranked worse than 58.71% of 896
companies
in the Retail - Cyclical industry
Industry Median: 2.405
vs ASO: 2.99
Academy Sports and Outdoors (NAS:ASO) 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.
Academy Sports and Outdoors Debt-to-EBITDA Related Terms
Academy Sports and Outdoors Debt-to-EBITDA Historical Data
* 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 Specialty Retail subindustry, Academy Sports and Outdoors'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.
Academy Sports and Outdoors Debt-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Academy Sports and Outdoors's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Academy Sports and Outdoors'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 (Apr. 2026) EBITDA data.
Academy Sports and Outdoors (ASO) has a Debt-to-EBITDA of 4.49 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Academy Sports and Outdoors. This is 63% above median its historical median of 2.76. Over the past decade, Academy Sports and Outdoors' Debt-to-EBITDA has ranged from 1.82 to 7.85. According to the industry distribution chart, Academy Sports and Outdoors ranks #526 out of 896 companies in the Retail - Cyclical industry, placing it in the top 58.7%.
Is Academy Sports and Outdoors' Debt-to-EBITDA too high?
Academy Sports and Outdoors' current Debt-to-EBITDA of 4.49 is 63% above median its 10-year median of 2.76. Over the past 10 years, this metric has ranged from a low of 1.82 to a high of 7.85. The Retail - Cyclical industry median Debt-to-EBITDA is 2.41. Academy Sports and Outdoors' value of 4.49 is 86.7% above this industry median. Based on the distribution chart, Academy Sports and Outdoors ranks #526 out of 896 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Academy Sports and Outdoors has a GF Score™ of 79/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Academy Sports and Outdoors' Debt-to-EBITDA compare to RH and MNSO?
According to the Retail - Cyclical industry distribution chart, Academy Sports and Outdoors ranks #526 out of 896 companies for Debt-to-EBITDA. This places Academy Sports and Outdoors in the lower half of its industry. The industry median Debt-to-EBITDA is 2.41. Academy Sports and Outdoors' value of 4.49 is 86.7% above this benchmark. Historically, Academy Sports and Outdoors' own Debt-to-EBITDA has ranged from 1.82 to 7.85 over the past decade. While the company's 10-year median is 2.76 vs. the industry median of 2.41, Academy Sports and Outdoors 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.41, based on 896 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. Academy Sports and Outdoors's current Debt-to-EBITDA of 4.49 is 86.7% 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 Academy Sports and Outdoors. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Academy Sports and Outdoors's current Debt-to-EBITDA is 4.49, which is 63% above median its own 10-year median of 2.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Academy Sports and Outdoors stock overvalued right now?
Based on GuruFocus' analysis, Academy Sports and Outdoors (ASO) is currently considered Modestly Undervalued. The stock's GF Value™ is $59.58, compared to a current price of $46.31 — trading 22.3% below its estimated fair value. The current Debt-to-EBITDA is 4.49, which is 63% above median its 10-year median of 2.76 and 86.7% above the Retail - Cyclical industry median of 2.41. Academy Sports and Outdoors' overall GF Score™ is 79/100 with 3 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 Academy Sports and Outdoors (ASO), the current Debt-to-EBITDA is 4.49 as of Apr. 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 Academy Sports and Outdoors (ASO) Overvalued in 2026?
Based on GuruFocus' analysis, Academy Sports and Outdoors stock appears to be undervalued.
The current stock price of $46.31 is trading 22.3% below its estimated GF Value™ of $59.58.
GuruFocus considers Academy Sports and Outdoors to be Modestly Undervalued.
Key valuation signals for ASO:
Debt-to-EBITDA: 4.49 (63% above median its 10-year median of 2.76)
GF Value™: $59.58 vs. price of $46.31 (22.3% below fair value)
Industry Position: 86.7% above the Retail - Cyclical median (#526 of 896)
No single metric tells the full story. See the ASO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Academy Sports and Outdoors Inc is engaged in the full-line sporting goods and outdoor recreation retailer in the United States. The company's product categories are outdoors, apparel, sports & recreation, and footwear.
79GF Score
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