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The LotteryASX:TLC +1.61%61 Debt-to-EBITDA is 3.40 as of Dec. 2025, which is 8% below its 10-year median of 3.71. GuruFocus rates ASX:TLC with a GF Score™ of 61/100 and a GF Value™ of A$5.23 (Fairly Valued). The stock has 5 warning signs investors should review. Among 646 Travel & Leisure companies, The Lottery ranks worse than 60.84% 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 The Lottery's Debt-to-EBITDA or its related term are showing as below:
ASX:TLC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.14 Med: 3.71 Max: 7.63
Current: 3.32
During the past 4 years, the highest Debt-to-EBITDA Ratio of The Lottery was 7.63. The lowest was 3.14. And the median was 3.71.
ASX:TLC's Debt-to-EBITDA is ranked worse than 60.84% of 646
companies
in the Travel & Leisure industry
Industry Median: 2.54
vs ASX:TLC: 3.32
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 Lottery Debt-to-EBITDA Related Terms
The Lottery Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for The Lottery'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:TLC vs FLUT, DKNG, SGHC: Debt-to-EBITDA Comparison
For the Gambling subindustry, The Lottery'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.
The Lottery Debt-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, The Lottery's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where The Lottery'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.
The Lottery (ASX:TLC) has a Debt-to-EBITDA of 3.40 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 The Lottery. This is near median its historical median of 3.71. Over the past decade, The Lottery's Debt-to-EBITDA has ranged from 3.14 to 7.63. According to the industry distribution chart, The Lottery ranks #393 out of 646 companies in the Travel & Leisure industry, placing it in the top 60.8%.
Is The Lottery's Debt-to-EBITDA too high?
The Lottery's current Debt-to-EBITDA of 3.40 is near median its 10-year median of 3.71. Over the past 10 years, this metric has ranged from a low of 3.14 to a high of 7.63. The Travel & Leisure industry median Debt-to-EBITDA is 2.54. The Lottery's value of 3.40 is 33.9% above this industry median. Based on the distribution chart, The Lottery ranks #393 out of 646 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, The Lottery has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does The Lottery's Debt-to-EBITDA compare to FLUT and DKNG?
According to the Travel & Leisure industry distribution chart, The Lottery ranks #393 out of 646 companies for Debt-to-EBITDA. This places The Lottery in the lower half of its industry. The industry median Debt-to-EBITDA is 2.54. The Lottery's value of 3.40 is 33.9% above this benchmark. Historically, The Lottery's own Debt-to-EBITDA has ranged from 3.14 to 7.63 over the past decade. While the company's 10-year median is 3.71 vs. the industry median of 2.54, The Lottery 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 Travel & Leisure company?
The median Debt-to-EBITDA among Travel & Leisure companies is 2.54, based on 646 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. The Lottery's current Debt-to-EBITDA of 3.40 is 33.9% 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 The Lottery. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Lottery's current Debt-to-EBITDA is 3.40, which is near median its own 10-year median of 3.71. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Lottery stock overvalued right now?
Based on GuruFocus' analysis, The Lottery (ASX:TLC) is currently considered Fairly Valued. The stock's GF Value™ is A$5.23, compared to a current price of A$5.69 — trading 8.8% above its estimated fair value. The current Debt-to-EBITDA is 3.40, which is near median its 10-year median of 3.71 and 33.9% above the Travel & Leisure industry median of 2.54. The Lottery's overall GF Score™ is 61/100 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 The Lottery (ASX:TLC), the current Debt-to-EBITDA is 3.40 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 The Lottery (ASX:TLC) Overvalued in 2026?
Based on GuruFocus' analysis, The Lottery stock appears to be overvalued.
The current stock price of A$5.69 is trading 8.8% above its estimated GF Value™ of A$5.23.
GuruFocus considers The Lottery to be Fairly Valued.
Key valuation signals for ASX:TLC:
Debt-to-EBITDA: 3.40 (near median its 10-year median of 3.71)
GF Value™: A$5.23 vs. price of A$5.69 (8.8% above fair value)
Industry Position: 33.9% above the Travel & Leisure median (#393 of 646)
No single metric tells the full story. See the ASX:TLC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Lottery Corporation is Australia's largest provider of lottery, keno, and instant-scratch products, with long-dated and/or exclusive licenses for the lottery in all Australian states and territories except Western Australia, and in most states and territories for keno. Lottery Corp has a distribution network of more than 3,800 franchised retailers that sell instant-scratch and lottery products through vendors such as newsstands, gas stations, pharmacies, and convenience stores, as well as online sales. Keno is sold in over 3,400 bars and clubs.
61GF Score
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