IPHASX:IPH +0.25%86 Debt-to-EBITDA is 2.10 as of Dec. 2025, which is 28% above its 10-year median of 1.64. GuruFocus rates ASX:IPH with a GF Score™ of 86/100 and a GF Value™ of A$7.14 (Significantly Undervalued). The stock has 5 warning signs investors should review. Among 838 Business Services companies, IPH ranks worse than 60.02% 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 IPH's Debt-to-EBITDA or its related term are showing as below:
ASX:IPH'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.66 Med: 1.64 Max: 2.77
Current: 2.26
During the past 11 years, the highest Debt-to-EBITDA Ratio of IPH was 2.77. The lowest was 0.66. And the median was 1.64.
ASX:IPH's Debt-to-EBITDA is ranked worse than 60.02% of 838
companies
in the Business Services industry
Industry Median: 1.62
vs ASX:IPH: 2.26
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.
IPH Debt-to-EBITDA Related Terms
IPH Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for IPH'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.
ASX:IPH vs CTAS, CPRT, ULS: Debt-to-EBITDA Comparison
For the Specialty Business Services subindustry, IPH'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.
IPH Debt-to-EBITDA vs Business Services Industry
For the Business Services industry and Industrials sector, IPH's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where IPH'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.
IPH (ASX:IPH) has a Debt-to-EBITDA of 2.10 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 IPH. This is 28% above median its historical median of 1.64. Over the past decade, IPH's Debt-to-EBITDA has ranged from 0.66 to 2.77. According to the industry distribution chart, IPH ranks #503 out of 838 companies in the Business Services industry, placing it in the top 60%.
Is IPH's Debt-to-EBITDA too high?
IPH's current Debt-to-EBITDA of 2.10 is 28% above median its 10-year median of 1.64. Over the past 10 years, this metric has ranged from a low of 0.66 to a high of 2.77. The Business Services industry median Debt-to-EBITDA is 1.62. IPH's value of 2.10 is 29.6% above this industry median. Based on the distribution chart, IPH ranks #503 out of 838 companies in the Business Services industry, which is below the industry midpoint. Overall, IPH has a GF Score™ of 86/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does IPH's Debt-to-EBITDA compare to CTAS and CPRT?
According to the Business Services industry distribution chart, IPH ranks #503 out of 838 companies for Debt-to-EBITDA. This places IPH in the lower half of its industry. The industry median Debt-to-EBITDA is 1.62. IPH's value of 2.10 is 29.6% above this benchmark. Historically, IPH's own Debt-to-EBITDA has ranged from 0.66 to 2.77 over the past decade. While the company's 10-year median is 1.64 vs. the industry median of 1.62, IPH 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 Business Services company?
The median Debt-to-EBITDA among Business Services companies is 1.62, based on 838 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. IPH's current Debt-to-EBITDA of 2.10 is 29.6% 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 IPH. For the Business Services industry, the median Debt-to-EBITDA is 1.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IPH's current Debt-to-EBITDA is 2.10, which is 28% above median its own 10-year median of 1.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IPH stock overvalued right now?
Based on GuruFocus' analysis, IPH (ASX:IPH) is currently considered Significantly Undervalued. The stock's GF Value™ is A$7.14, compared to a current price of A$3.99 — trading 44.1% below its estimated fair value. The current Debt-to-EBITDA is 2.10, which is 28% above median its 10-year median of 1.64 and 29.6% above the Business Services industry median of 1.62. IPH's overall GF Score™ is 86/100 with 5 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 IPH (ASX:IPH), the current Debt-to-EBITDA is 2.10 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 IPH (ASX:IPH) Overvalued in 2026?
Based on GuruFocus' analysis, IPH stock appears to be undervalued.
The current stock price of A$3.99 is trading 44.1% below its estimated GF Value™ of A$7.14.
GuruFocus considers IPH to be Significantly Undervalued.
Key valuation signals for ASX:IPH:
Debt-to-EBITDA: 2.10 (28% above median its 10-year median of 1.64)
GF Value™: A$7.14 vs. price of A$3.99 (44.1% below fair value)
Industry Position: 29.6% above the Business Services median (#503 of 838)
No single metric tells the full story. See the ASX:IPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IPH provides intellectual property services through its subsidiaries: Spruson and Ferguson, Smart & Biggar, Robic, Pizzeys, Griffith Hack, Applied Marks, and AJ Park. These services include patent filing, prosecution, enforcement, management, design, trademarks, and more. The company's diverse client base comprises multinationals, public-sector research organizations, and local businesses across industries such as healthcare, finance, engineering, and technology. Revenue streams mainly consist of professional fees (fixed) and volume-based fees (linked to the quantity of work performed). About 70% of revenue is derived from pre-existing work in the system, while 30% comes from new patent applications.
86GF Score
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