Melnick Desenvolvimento Imobiliario (BSP:MELK3) Debt-to-EBITDA : 3.80 (As of Mar. 2026) — 43% Above Median

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BSP:MELK3 Melnick Desenvolvimento Imobiliario SA BSP:MELK3
73 GF Score
Price R$2.81
GF Value R$3.90
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Melnick Desenvolvimento Imobiliario Debt-to-EBITDA?

Melnick Desenvolvimento Imobiliario BSP:MELK3 +1.81% 73 Debt-to-EBITDA is 3.80 as of Mar. 2026, which is 43% above its 10-year median of 2.65. GuruFocus rates BSP:MELK3 with a GF Score™ of 73/100 and a GF Value™ of R$3.90 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,278 Real Estate companies, Melnick Desenvolvimento Imobiliario ranks better than 64.16% on this metric.

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

Melnick Desenvolvimento Imobiliario's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$336 Mil. Melnick Desenvolvimento Imobiliario's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R$366 Mil. Melnick Desenvolvimento Imobiliario's annualized EBITDA for the quarter that ended in Mar. 2026 was R$185 Mil. Melnick Desenvolvimento Imobiliario's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.80.

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 Melnick Desenvolvimento Imobiliario's Debt-to-EBITDA or its related term are showing as below:

BSP:MELK3' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.12   Med: 2.65   Max: 3.71
Current: 3.38

During the past 10 years, the highest Debt-to-EBITDA Ratio of Melnick Desenvolvimento Imobiliario was 3.71. The lowest was 0.12. And the median was 2.65.

BSP:MELK3's Debt-to-EBITDA is ranked better than
64.16% of 1278 companies
in the Real Estate industry
Industry Median: 5.545 vs BSP:MELK3: 3.38

Melnick Desenvolvimento Imobiliario  (BSP:MELK3) 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.


Melnick Desenvolvimento Imobiliario Debt-to-EBITDA Related Terms


Melnick Desenvolvimento Imobiliario Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Melnick Desenvolvimento Imobiliario'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.

Melnick Desenvolvimento Imobiliario Debt-to-EBITDA Chart

Melnick Desenvolvimento Imobiliario Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.12 1.08 1.53 2.14 3.17

Melnick Desenvolvimento Imobiliario 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 2.98 1.77 2.98 2.69 3.80

BSP:MELK3 vs CBRE, BEKE, JLL: Debt-to-EBITDA Comparison

For the Real Estate Services subindustry, Melnick Desenvolvimento Imobiliario'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.


Melnick Desenvolvimento Imobiliario Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Melnick Desenvolvimento Imobiliario's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Melnick Desenvolvimento Imobiliario's Debt-to-EBITDA falls into.


BSP:MELK3
73GF Score
Melnick Desenvolvimento Imobiliario SA BSP:MELK3
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Melnick Desenvolvimento Imobiliario Debt-to-EBITDA Calculation

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

Melnick Desenvolvimento Imobiliario'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
=(95.459 + 509.018) / 190.799
=3.17

Melnick Desenvolvimento Imobiliario'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
=(336.489 + 365.902) / 184.9
=3.80

* 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 3.80 mean?
Melnick Desenvolvimento Imobiliario (BSP:MELK3) has a Debt-to-EBITDA of 3.80 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 Melnick Desenvolvimento Imobiliario. This is 43% above median its historical median of 2.65. Over the past decade, Melnick Desenvolvimento Imobiliario's Debt-to-EBITDA has ranged from 0.12 to 3.71. According to the industry distribution chart, Melnick Desenvolvimento Imobiliario ranks #458 out of 1278 companies in the Real Estate industry, placing it in the top 35.8%.
Is Melnick Desenvolvimento Imobiliario's Debt-to-EBITDA too high?
Melnick Desenvolvimento Imobiliario's current Debt-to-EBITDA of 3.80 is 43% above median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 3.71. The Real Estate industry median Debt-to-EBITDA is 5.55. Melnick Desenvolvimento Imobiliario's value of 3.80 is 31.5% below this industry median. Based on the distribution chart, Melnick Desenvolvimento Imobiliario ranks #458 out of 1278 companies in the Real Estate industry, which is above the industry midpoint. Overall, Melnick Desenvolvimento Imobiliario has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Melnick Desenvolvimento Imobiliario's Debt-to-EBITDA compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Melnick Desenvolvimento Imobiliario ranks #458 out of 1278 companies for Debt-to-EBITDA. This puts Melnick Desenvolvimento Imobiliario in the upper half of its industry. The industry median Debt-to-EBITDA is 5.55. Melnick Desenvolvimento Imobiliario's value of 3.80 is 31.5% below this benchmark. Historically, Melnick Desenvolvimento Imobiliario's own Debt-to-EBITDA has ranged from 0.12 to 3.71 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 5.55, Melnick Desenvolvimento Imobiliario 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.55, based on 1,278 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. Melnick Desenvolvimento Imobiliario's current Debt-to-EBITDA of 3.80 is 31.5% 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 Melnick Desenvolvimento Imobiliario. For the Real Estate industry, the median Debt-to-EBITDA is 5.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Melnick Desenvolvimento Imobiliario's current Debt-to-EBITDA is 3.80, which is 43% above median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Melnick Desenvolvimento Imobiliario stock overvalued right now?
Based on GuruFocus' analysis, Melnick Desenvolvimento Imobiliario (BSP:MELK3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$3.90, compared to a current price of R$2.81 — trading 27.9% below its estimated fair value. The current Debt-to-EBITDA is 3.80, which is 43% above median its 10-year median of 2.65 and 31.5% below the Real Estate industry median of 5.55. Melnick Desenvolvimento Imobiliario's overall GF Score™ is 73/100 with 8 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 Melnick Desenvolvimento Imobiliario (BSP:MELK3), the current Debt-to-EBITDA is 3.80 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 Melnick Desenvolvimento Imobiliario (BSP:MELK3) Overvalued in 2026?

Based on GuruFocus' analysis, Melnick Desenvolvimento Imobiliario stock appears to be undervalued. The current stock price of R$2.81 is trading 27.9% below its estimated GF Value™ of R$3.90. GuruFocus considers Melnick Desenvolvimento Imobiliario to be Modestly Undervalued.

Key valuation signals for BSP:MELK3:

  • Debt-to-EBITDA: 3.80 (43% above median its 10-year median of 2.65)
  • GF Value™: R$3.90 vs. price of R$2.81 (27.9% below fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 31.5% below the Real Estate median (#458 of 1278)

No single metric tells the full story. See the BSP:MELK3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Melnick Desenvolvimento Imobiliario Business Description

Address Rua Carlos Trein Filho, 551 - Auxiliadora, Porto Alegre, RS, BRA
Melnick Desenvolvimento Imobiliario SA formerly Melnick Even Desenvolvimento Imobiliario SA operates in the real estate industry. The company is engaged in the business of real estate development and management in Brazil.
73GF Score

Get the complete analysis for BSP:MELK3

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

R$2.81
Price
R$3.90
GF Value