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VulcabrasBSP:VULC3 +0.72%91 Debt-to-EBITDA is 1.67 as of Mar. 2026, which is 139% above its 10-year median of 0.70. GuruFocus rates BSP:VULC3 with a GF Score™ of 91/100 and a GF Value™ of R$19.74 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 813 Manufacturing - Apparel & Accessories companies, Vulcabras ranks better than 76.26% 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 Vulcabras's Debt-to-EBITDA or its related term are showing as below:
BSP:VULC3'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.33 Med: 0.7 Max: 4.28
Current: 0.96
During the past 13 years, the highest Debt-to-EBITDA Ratio of Vulcabras was 4.28. The lowest was 0.33. And the median was 0.70.
BSP:VULC3's Debt-to-EBITDA is ranked better than 76.26% of 813
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.71
vs BSP:VULC3: 0.96
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.
Vulcabras Debt-to-EBITDA Related Terms
Vulcabras Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Vulcabras'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.
BSP:VULC3 vs NKE, DECK, ONON: Debt-to-EBITDA Comparison
For the Footwear & Accessories subindustry, Vulcabras'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.
Vulcabras Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Vulcabras's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Vulcabras'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 four times the quarterly (Mar. 2026) EBITDA data.
Vulcabras (BSP:VULC3) has a Debt-to-EBITDA of 1.67 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 Vulcabras. This is 139% above median its historical median of 0.70. Over the past decade, Vulcabras' Debt-to-EBITDA has ranged from 0.33 to 4.28. According to the industry distribution chart, Vulcabras ranks #193 out of 813 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 23.7%.
Is Vulcabras' Debt-to-EBITDA too high?
Vulcabras' current Debt-to-EBITDA of 1.67 is 139% above median its 10-year median of 0.70. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 4.28. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.71. Vulcabras' value of 1.67 is 38.4% below this industry median. Based on the distribution chart, Vulcabras ranks #193 out of 813 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Vulcabras has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Vulcabras' Debt-to-EBITDA compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Vulcabras ranks #193 out of 813 companies for Debt-to-EBITDA. This places Vulcabras in the top 24% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 2.71. Vulcabras' value of 1.67 is 38.4% below this benchmark. Historically, Vulcabras' own Debt-to-EBITDA has ranged from 0.33 to 4.28 over the past decade. While the company's 10-year median is 0.70 vs. the industry median of 2.71, Vulcabras 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-EBITDA among Manufacturing - Apparel & Accessories companies is 2.71, based on 813 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. Vulcabras's current Debt-to-EBITDA of 1.67 is 38.4% 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 Vulcabras. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-EBITDA is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Vulcabras's current Debt-to-EBITDA is 1.67, which is 139% above median its own 10-year median of 0.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Vulcabras stock overvalued right now?
Based on GuruFocus' analysis, Vulcabras (BSP:VULC3) is currently considered Modestly Undervalued. The stock's GF Value™ is R$19.74, compared to a current price of R$14.04 — trading 28.9% below its estimated fair value. The current Debt-to-EBITDA is 1.67, which is 139% above median its 10-year median of 0.70 and 38.4% below the Manufacturing - Apparel & Accessories industry median of 2.71. Vulcabras' overall GF Score™ is 91/100 with 4 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 Vulcabras (BSP:VULC3), the current Debt-to-EBITDA is 1.67 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 Vulcabras (BSP:VULC3) Overvalued in 2026?
Based on GuruFocus' analysis, Vulcabras stock appears to be undervalued.
The current stock price of R$14.04 is trading 28.9% below its estimated GF Value™ of R$19.74.
GuruFocus considers Vulcabras to be Modestly Undervalued.
Key valuation signals for BSP:VULC3:
Debt-to-EBITDA: 1.67 (139% above median its 10-year median of 0.70)
GF Value™: R$19.74 vs. price of R$14.04 (28.9% below fair value)
Industry Position: 38.4% below the Manufacturing - Apparel & Accessories median (#193 of 813)
No single metric tells the full story. See the BSP:VULC3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Vulcabras SA is a Brazil-based company engaged in the trading and production of apparel and accessories products, particularly sportswear and professional footwear. The company manages its own brands like Azaleia, Dijean, Olk, Olympikus, Opanka, and Vulcabras, as well as third-party brands like Mizuno and Under Armour. Along with its subsidiaries, it operates in the segment of production and sale of synthetic footwear for the domestic and foreign markets. The majority of the group's revenue is generated from the sale of sports shoes. Geographically, it derives maximum revenue from the domestic market.
91GF Score
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