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EarlyPayASX:EPY -4.00%21 Debt-to-EBITDA is 12.66 as of Dec. 2025, which is 4% below its 10-year median of 13.15. GuruFocus rates ASX:EPY with a GF Score™ of 21/100 and a GF Value™ of A$0.46 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 284 Credit Services companies, EarlyPay ranks worse than 57.39% 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 EarlyPay's Debt-to-EBITDA or its related term are showing as below:
ASX:EPY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 8.82 Med: 13.15 Max: 27.22
Current: 11.74
During the past 13 years, the highest Debt-to-EBITDA Ratio of EarlyPay was 27.22. The lowest was 8.82. And the median was 13.15.
ASX:EPY's Debt-to-EBITDA is ranked worse than 57.39% of 284
companies
in the Credit Services industry
Industry Median: 9.325
vs ASX:EPY: 11.74
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.
EarlyPay Debt-to-EBITDA Related Terms
EarlyPay Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for EarlyPay'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 Credit Services subindustry, EarlyPay'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.
EarlyPay Debt-to-EBITDA vs Credit Services Industry
For the Credit Services industry and Financial Services sector, EarlyPay's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where EarlyPay'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 two times the quarterly (Dec. 2025) EBITDA data.
EarlyPay (ASX:EPY) has a Debt-to-EBITDA of 12.66 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 EarlyPay. This is near median its historical median of 13.15. Over the past decade, EarlyPay's Debt-to-EBITDA has ranged from 8.82 to 27.22. According to the industry distribution chart, EarlyPay ranks #163 out of 284 companies in the Credit Services industry, placing it in the top 57.4%.
Is EarlyPay's Debt-to-EBITDA too high?
EarlyPay's current Debt-to-EBITDA of 12.66 is near median its 10-year median of 13.15. Over the past 10 years, this metric has ranged from a low of 8.82 to a high of 27.22. The Credit Services industry median Debt-to-EBITDA is 9.33. EarlyPay's value of 12.66 is 35.8% above this industry median. Based on the distribution chart, EarlyPay ranks #163 out of 284 companies in the Credit Services industry, which is below the industry midpoint. Overall, EarlyPay has a GF Score™ of 21/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does EarlyPay's Debt-to-EBITDA compare to V and MA?
According to the Credit Services industry distribution chart, EarlyPay ranks #163 out of 284 companies for Debt-to-EBITDA. This places EarlyPay in the lower half of its industry. The industry median Debt-to-EBITDA is 9.33. EarlyPay's value of 12.66 is 35.8% above this benchmark. Historically, EarlyPay's own Debt-to-EBITDA has ranged from 8.82 to 27.22 over the past decade. While the company's 10-year median is 13.15 vs. the industry median of 9.33, EarlyPay 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 Credit Services company?
The median Debt-to-EBITDA among Credit Services companies is 9.33, based on 284 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. EarlyPay's current Debt-to-EBITDA of 12.66 is 35.8% 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 EarlyPay. For the Credit Services industry, the median Debt-to-EBITDA is 9.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. EarlyPay's current Debt-to-EBITDA is 12.66, which is near median its own 10-year median of 13.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is EarlyPay stock overvalued right now?
Based on GuruFocus' analysis, EarlyPay (ASX:EPY) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.46, compared to a current price of A$0.12 — trading 73.9% below its estimated fair value. The current Debt-to-EBITDA is 12.66, which is near median its 10-year median of 13.15 and 35.8% above the Credit Services industry median of 9.33. EarlyPay's overall GF Score™ is 21/100 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 EarlyPay (ASX:EPY), the current Debt-to-EBITDA is 12.66 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 EarlyPay (ASX:EPY) Overvalued in 2026?
Based on GuruFocus' analysis, EarlyPay stock appears to be undervalued.
The current stock price of A$0.12 is trading 73.9% below its estimated GF Value™ of A$0.46.
GuruFocus considers EarlyPay to be Possible Value Trap.
Key valuation signals for ASX:EPY:
Debt-to-EBITDA: 12.66 (near median its 10-year median of 13.15)
GF Value™: A$0.46 vs. price of A$0.12 (73.9% below fair value)
Industry Position: 35.8% above the Credit Services median (#163 of 284)
No single metric tells the full story. See the ASX:EPY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
EarlyPay Ltd is engaged in providing tailored financing solutions to businesses of all shapes and sizes. It is a line of credit financing for businesses in Australia. It is involved in various business activities namely Invoice Finance, and Equipment Finance. It generates the majority of its revenue from the Invoice finance segment.
21GF Score
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