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Fisher & Paykel HealthcareASX:FPH +1.10%89 Debt-to-EBITDA is 0.17 as of Mar. 2026, which is 32% below its 10-year median of 0.25. GuruFocus rates ASX:FPH with a GF Score™ of 89/100 and a GF Value™ of A$36.59 (Fairly Valued). The stock has 2 warning signs investors should review. Among 470 Medical Devices & Instruments companies, Fisher & Paykel Healthcare ranks better than 84.47% 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 Fisher & Paykel Healthcare's Debt-to-EBITDA or its related term are showing as below:
ASX:FPH'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.15 Med: 0.25 Max: 0.51
Current: 0.18
During the past 13 years, the highest Debt-to-EBITDA Ratio of Fisher & Paykel Healthcare was 0.51. The lowest was 0.15. And the median was 0.25.
ASX:FPH's Debt-to-EBITDA is ranked better than 84.47% of 470
companies
in the Medical Devices & Instruments industry
Industry Median: 1.585
vs ASX:FPH: 0.18
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.
Fisher & Paykel Healthcare Debt-to-EBITDA Related Terms
Fisher & Paykel Healthcare 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.
ASX:FPH vs ISRG, BDX, MDLN: Debt-to-EBITDA Comparison
For the Medical Instruments & Supplies subindustry, Fisher & Paykel Healthcare'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.
Fisher & Paykel Healthcare Debt-to-EBITDA vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Fisher & Paykel Healthcare's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Fisher & Paykel Healthcare'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 (Mar. 2026) EBITDA data.
Fisher & Paykel Healthcare (ASX:FPH) has a Debt-to-EBITDA of 0.17 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 Fisher & Paykel Healthcare. This is 32% below median its historical median of 0.25. Over the past decade, Fisher & Paykel Healthcare's Debt-to-EBITDA has ranged from 0.15 to 0.51. According to the industry distribution chart, Fisher & Paykel Healthcare ranks #73 out of 470 companies in the Medical Devices & Instruments industry, placing it in the top 15.5%.
Is Fisher & Paykel Healthcare's Debt-to-EBITDA too high?
Fisher & Paykel Healthcare's current Debt-to-EBITDA of 0.17 is 32% below median its 10-year median of 0.25. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.51. The Medical Devices & Instruments industry median Debt-to-EBITDA is 1.59. Fisher & Paykel Healthcare's value of 0.17 is 89.3% below this industry median. Based on the distribution chart, Fisher & Paykel Healthcare ranks #73 out of 470 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Fisher & Paykel Healthcare has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fisher & Paykel Healthcare's Debt-to-EBITDA compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, Fisher & Paykel Healthcare ranks #73 out of 470 companies for Debt-to-EBITDA. This places Fisher & Paykel Healthcare in the top 16% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.59. Fisher & Paykel Healthcare's value of 0.17 is 89.3% below this benchmark. Historically, Fisher & Paykel Healthcare's own Debt-to-EBITDA has ranged from 0.15 to 0.51 over the past decade. While the company's 10-year median is 0.25 vs. the industry median of 1.59, Fisher & Paykel Healthcare 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 Medical Devices & Instruments company?
The median Debt-to-EBITDA among Medical Devices & Instruments companies is 1.59, based on 470 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. Fisher & Paykel Healthcare's current Debt-to-EBITDA of 0.17 is 89.3% 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 Fisher & Paykel Healthcare. For the Medical Devices & Instruments industry, the median Debt-to-EBITDA is 1.59 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fisher & Paykel Healthcare's current Debt-to-EBITDA is 0.17, which is 32% below median its own 10-year median of 0.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fisher & Paykel Healthcare stock overvalued right now?
Based on GuruFocus' analysis, Fisher & Paykel Healthcare (ASX:FPH) is currently considered Fairly Valued. The stock's GF Value™ is A$36.59, compared to a current price of A$33.19 — trading 9.3% below its estimated fair value. The current Debt-to-EBITDA is 0.17, which is 32% below median its 10-year median of 0.25 and 89.3% below the Medical Devices & Instruments industry median of 1.59. Fisher & Paykel Healthcare's overall GF Score™ is 89/100 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 Fisher & Paykel Healthcare (ASX:FPH), the current Debt-to-EBITDA is 0.17 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 Fisher & Paykel Healthcare (ASX:FPH) Overvalued in 2026?
Based on GuruFocus' analysis, Fisher & Paykel Healthcare stock appears to be undervalued.
The current stock price of A$33.19 is trading 9.3% below its estimated GF Value™ of A$36.59.
GuruFocus considers Fisher & Paykel Healthcare to be Fairly Valued.
Key valuation signals for ASX:FPH:
Debt-to-EBITDA: 0.17 (32% below median its 10-year median of 0.25)
GF Value™: A$36.59 vs. price of A$33.19 (9.3% below fair value)
Industry Position: 89.3% below the Medical Devices & Instruments median (#73 of 470)
No single metric tells the full story. See the ASX:FPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fisher & Paykel Healthcare is one of the three largest respiratory care device companies globally. It is the market leader in hospital use of humidifiers, masks, and related consumables, and the number three player in the at-home treatment of sleep apnea using respiratory devices. Both the hospital and homecare markets for respiratory devices are growing strongly in the developed markets in which Fisher & Paykel has a presence. The company earns roughly half of its revenue in North America, around a quarter in Europe, and approximately a fifth in Asia-Pacific. Fisher conducts its own R&D and has thousands of patents and pending applications. It manufactures in New Zealand, Mexico, and China, and has a multichannel distribution model.
89GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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