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Macquarie GroupASX:MQG +1.48%73 Debt-to-EBITDA is 14.02 as of Mar. 2026, which is 14% below its 10-year median of 16.21. GuruFocus rates ASX:MQG with a GF Score™ of 73/100 and a GF Value™ of A$350.07 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 420 Capital Markets companies, Macquarie Group ranks worse than 90.95% 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 Macquarie Group's Debt-to-EBITDA or its related term are showing as below:
ASX:MQG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.44 Med: 16.21 Max: 25.44
Current: 15.54
During the past 13 years, the highest Debt-to-EBITDA Ratio of Macquarie Group was 25.44. The lowest was 1.44. And the median was 16.21.
ASX:MQG's Debt-to-EBITDA is ranked worse than 90.95% of 420
companies
in the Capital Markets industry
Industry Median: 1.55
vs ASX:MQG: 15.54
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.
Macquarie Group Debt-to-EBITDA Related Terms
Macquarie Group Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Macquarie Group'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:MQG vs MS, GS, SCHW: Debt-to-EBITDA Comparison
For the Capital Markets subindustry, Macquarie Group'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.
Macquarie Group Debt-to-EBITDA vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Macquarie Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Macquarie Group'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.
Macquarie Group (ASX:MQG) has a Debt-to-EBITDA of 14.02 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 Macquarie Group. This is 14% below median its historical median of 16.21. Over the past decade, Macquarie Group's Debt-to-EBITDA has ranged from 1.44 to 25.44. According to the industry distribution chart, Macquarie Group ranks #382 out of 420 companies in the Capital Markets industry, placing it in the top 91%.
Is Macquarie Group's Debt-to-EBITDA too high?
Macquarie Group's current Debt-to-EBITDA of 14.02 is 14% below median its 10-year median of 16.21. Over the past 10 years, this metric has ranged from a low of 1.44 to a high of 25.44. The Capital Markets industry median Debt-to-EBITDA is 1.55. Macquarie Group's value of 14.02 is 804.5% above this industry median. Based on the distribution chart, Macquarie Group ranks #382 out of 420 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Macquarie Group has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Macquarie Group's Debt-to-EBITDA compare to MS and GS?
According to the Capital Markets industry distribution chart, Macquarie Group ranks #382 out of 420 companies for Debt-to-EBITDA. This places Macquarie Group in the lower half of its industry. The industry median Debt-to-EBITDA is 1.55. Macquarie Group's value of 14.02 is 804.5% above this benchmark. Historically, Macquarie Group's own Debt-to-EBITDA has ranged from 1.44 to 25.44 over the past decade. While the company's 10-year median is 16.21 vs. the industry median of 1.55, Macquarie Group 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 Capital Markets company?
The median Debt-to-EBITDA among Capital Markets companies is 1.55, based on 420 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. Macquarie Group's current Debt-to-EBITDA of 14.02 is 804.5% 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 Macquarie Group. For the Capital Markets industry, the median Debt-to-EBITDA is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macquarie Group's current Debt-to-EBITDA is 14.02, which is 14% below median its own 10-year median of 16.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macquarie Group stock overvalued right now?
Based on GuruFocus' analysis, Macquarie Group (ASX:MQG) is currently considered Modestly Undervalued. The stock's GF Value™ is A$350.07, compared to a current price of A$267.09 — trading 23.7% below its estimated fair value. The current Debt-to-EBITDA is 14.02, which is 14% below median its 10-year median of 16.21 and 804.5% above the Capital Markets industry median of 1.55. Macquarie Group's overall GF Score™ is 73/100 with 10 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 Macquarie Group (ASX:MQG), the current Debt-to-EBITDA is 14.02 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 Macquarie Group (ASX:MQG) Overvalued in 2026?
Based on GuruFocus' analysis, Macquarie Group stock appears to be undervalued.
The current stock price of A$267.09 is trading 23.7% below its estimated GF Value™ of A$350.07.
GuruFocus considers Macquarie Group to be Modestly Undervalued.
Key valuation signals for ASX:MQG:
Debt-to-EBITDA: 14.02 (14% below median its 10-year median of 16.21)
GF Value™: A$350.07 vs. price of A$267.09 (23.7% below fair value)
Industry Position: 804.5% above the Capital Markets median (#382 of 420)
No single metric tells the full story. See the ASX:MQG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macquarie Group began trading in 1969 as Hill Samuel Australia, obtained its bank licence in 1985, and listed in 1996. It's Australia's only sizable listed investment bank, now internationally diversified, operating in asset management, banking and wealth, risk and capital solutions, and advisory.
73GF Score
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