HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) Debt-to-EBITDA : 11.17 (As of Mar. 2026) — 144% Above Median

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BSP:HBRE3 HBR Realty Empreendimentos Imobiliarios SA BSP:HBRE3
71 GF Score
Price R$2.22
GF Value R$16.86
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is HBR Realty Empreendimentos Imobiliarios Debt-to-EBITDA?

HBR Realty Empreendimentos Imobiliarios BSP:HBRE3 +3.26% 71 Debt-to-EBITDA is 11.17 as of Mar. 2026, which is 144% above its 10-year median of 4.57. GuruFocus rates BSP:HBRE3 with a GF Score™ of 71/100 and a GF Value™ of R$16.86 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,274 Real Estate companies, HBR Realty Empreendimentos Imobiliarios ranks better than 59.34% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

HBR Realty Empreendimentos Imobiliarios's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$165.4 Mil. HBR Realty Empreendimentos Imobiliarios's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$1,390.0 Mil. HBR Realty Empreendimentos Imobiliarios's annualized EBITDA for the quarter that ended in Mar. 2026 was R$139.3 Mil. HBR Realty Empreendimentos Imobiliarios's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 11.17.

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 HBR Realty Empreendimentos Imobiliarios's Debt-to-EBITDA or its related term are showing as below:

BSP:HBRE3' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.7   Med: 4.57   Max: 9.97
Current: 4.16

During the past 6 years, the highest Debt-to-EBITDA Ratio of HBR Realty Empreendimentos Imobiliarios was 9.97. The lowest was 2.70. And the median was 4.57.

BSP:HBRE3's Debt-to-EBITDA is ranked better than
59.34% of 1274 companies
in the Real Estate industry
Industry Median: 5.53 vs BSP:HBRE3: 4.16

HBR Realty Empreendimentos Imobiliarios  (BSP:HBRE3) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


HBR Realty Empreendimentos Imobiliarios Debt-to-EBITDA Related Terms


HBR Realty Empreendimentos Imobiliarios Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for HBR Realty Empreendimentos Imobiliarios'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.

HBR Realty Empreendimentos Imobiliarios Debt-to-EBITDA Chart

HBR Realty Empreendimentos Imobiliarios Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 3.19 4.43 2.70 5.08 4.71

HBR Realty Empreendimentos Imobiliarios Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.12 15.80 15.52 1.47 11.17

BSP:HBRE3 vs CBRE, BEKE, JLL: Debt-to-EBITDA Comparison

For the Real Estate Services subindustry, HBR Realty Empreendimentos Imobiliarios'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.


HBR Realty Empreendimentos Imobiliarios Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, HBR Realty Empreendimentos Imobiliarios's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where HBR Realty Empreendimentos Imobiliarios's Debt-to-EBITDA falls into.


BSP:HBRE3
71GF Score
HBR Realty Empreendimentos Imobiliarios SA BSP:HBRE3
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

HBR Realty Empreendimentos Imobiliarios Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

HBR Realty Empreendimentos Imobiliarios's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(175.078 + 1508.357) / 357.432
=4.71

HBR Realty Empreendimentos Imobiliarios's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(165.404 + 1389.97) / 139.26
=11.17

* 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 four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 11.17 mean?
HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) has a Debt-to-EBITDA of 11.17 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 HBR Realty Empreendimentos Imobiliarios. This is 144% above median its historical median of 4.57. Over the past decade, HBR Realty Empreendimentos Imobiliarios' Debt-to-EBITDA has ranged from 2.70 to 9.97. According to the industry distribution chart, HBR Realty Empreendimentos Imobiliarios ranks #518 out of 1274 companies in the Real Estate industry, placing it in the top 40.7%.
Is HBR Realty Empreendimentos Imobiliarios' Debt-to-EBITDA too high?
HBR Realty Empreendimentos Imobiliarios' current Debt-to-EBITDA of 11.17 is 144% above median its 10-year median of 4.57. Over the past 10 years, this metric has ranged from a low of 2.70 to a high of 9.97. The Real Estate industry median Debt-to-EBITDA is 5.53. HBR Realty Empreendimentos Imobiliarios' value of 11.17 is 102% above this industry median. Based on the distribution chart, HBR Realty Empreendimentos Imobiliarios ranks #518 out of 1274 companies in the Real Estate industry, which is above the industry midpoint. Overall, HBR Realty Empreendimentos Imobiliarios has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does HBR Realty Empreendimentos Imobiliarios' Debt-to-EBITDA compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, HBR Realty Empreendimentos Imobiliarios ranks #518 out of 1274 companies for Debt-to-EBITDA. This puts HBR Realty Empreendimentos Imobiliarios in the upper half of its industry. The industry median Debt-to-EBITDA is 5.53. HBR Realty Empreendimentos Imobiliarios' value of 11.17 is 102% above this benchmark. Historically, HBR Realty Empreendimentos Imobiliarios' own Debt-to-EBITDA has ranged from 2.70 to 9.97 over the past decade. While the company's 10-year median is 4.57 vs. the industry median of 5.53, HBR Realty Empreendimentos Imobiliarios 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.53, based on 1,274 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. HBR Realty Empreendimentos Imobiliarios's current Debt-to-EBITDA of 11.17 is 102% 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 HBR Realty Empreendimentos Imobiliarios. For the Real Estate industry, the median Debt-to-EBITDA is 5.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBR Realty Empreendimentos Imobiliarios's current Debt-to-EBITDA is 11.17, which is 144% above median its own 10-year median of 4.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBR Realty Empreendimentos Imobiliarios stock overvalued right now?
Based on GuruFocus' analysis, HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) is currently considered Possible Value Trap. The stock's GF Value™ is R$16.86, compared to a current price of R$2.22 — trading 86.8% below its estimated fair value. The current Debt-to-EBITDA is 11.17, which is 144% above median its 10-year median of 4.57 and 102% above the Real Estate industry median of 5.53. HBR Realty Empreendimentos Imobiliarios' overall GF Score™ is 71/100 with 7 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 HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3), the current Debt-to-EBITDA is 11.17 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 HBR Realty Empreendimentos Imobiliarios (BSP:HBRE3) Overvalued in 2026?

Based on GuruFocus' analysis, HBR Realty Empreendimentos Imobiliarios stock appears to be undervalued. The current stock price of R$2.22 is trading 86.8% below its estimated GF Value™ of R$16.86. GuruFocus considers HBR Realty Empreendimentos Imobiliarios to be Possible Value Trap.

Key valuation signals for BSP:HBRE3:

  • Debt-to-EBITDA: 11.17 (144% above median its 10-year median of 4.57)
  • GF Value™: R$16.86 vs. price of R$2.22 (86.8% below fair value)
  • GF Score™: 71/100 with 7 warning signs
  • Industry Position: 102% above the Real Estate median (#518 of 1274)

No single metric tells the full story. See the BSP:HBRE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


HBR Realty Empreendimentos Imobiliarios Business Description

Address Avenida Vereador Narciso Yague Guimaraes, 1.145, 2nd Floor, Jardim Arenia, Helbor Concept- Edificio Corporate, Mogi das Cruzes, SP, BRA, CEP 08780-500
HBR Realty Empreendimentos Imobiliarios SA operates in the real estate development and management division. The company's business is focused on urban properties, distributed over four main platforms that house the developed and developing asset classes. These platforms are ComVem, HBR3A, HBR Malls, and HBR Opportunities. ComVem is a platform dedicated towards the development and administration of convenience centers; the HBR 3A platform is dedicated to the development and management of corporate buildings; the HBR Malls platform is dedicated to the acquisition, development, and management of shopping centers; and HBR Opportunities platform brings together assets of various classes, such as built to suits, development, and management of hotels, parking lots, and others.
71GF Score

Get the complete analysis for BSP:HBRE3

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$2.22
Price
R$16.86
GF Value