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Boyd GamingBYD -0.27%87 Debt-to-EBITDA is 2.78 as of Jun. 2026, which is 39% below its 10-year median of 4.57. GuruFocus rates BYD with a GF Score™ of 87/100 and a GF Value™ of $90.86 (Fairly Valued). The stock has 5 warning signs investors should review. Among 651 Travel & Leisure companies, Boyd Gaming ranks better than 70.2% 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 Boyd Gaming's Debt-to-EBITDA or its related term are showing as below:
BYD'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.97 Med: 4.57 Max: 14.21
Current: 1.18
During the past 13 years, the highest Debt-to-EBITDA Ratio of Boyd Gaming was 14.21. The lowest was 0.97. And the median was 4.57.
BYD's Debt-to-EBITDA is ranked better than 70.2% of 651
companies
in the Travel & Leisure industry
Industry Median: 2.51
vs BYD: 1.18
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.
Boyd Gaming Debt-to-EBITDA Related Terms
Boyd Gaming Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Boyd Gaming'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.
For the Resorts & Casinos subindustry, Boyd Gaming'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.
Boyd Gaming Debt-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Boyd Gaming's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Boyd Gaming'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 (Jun. 2026) EBITDA data.
Boyd Gaming (BYD) has a Debt-to-EBITDA of 2.78 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Boyd Gaming. This is 39% below median its historical median of 4.57. Over the past decade, Boyd Gaming's Debt-to-EBITDA has ranged from 0.97 to 14.21. According to the industry distribution chart, Boyd Gaming ranks #194 out of 651 companies in the Travel & Leisure industry, placing it in the top 29.8%.
Is Boyd Gaming's Debt-to-EBITDA too high?
Boyd Gaming's current Debt-to-EBITDA of 2.78 is 39% below median its 10-year median of 4.57. Over the past 10 years, this metric has ranged from a low of 0.97 to a high of 14.21. The Travel & Leisure industry median Debt-to-EBITDA is 2.51. Boyd Gaming's value of 2.78 is 10.8% above this industry median. Based on the distribution chart, Boyd Gaming ranks #194 out of 651 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Boyd Gaming has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Boyd Gaming's Debt-to-EBITDA compare to CZR and MTN?
According to the Travel & Leisure industry distribution chart, Boyd Gaming ranks #194 out of 651 companies for Debt-to-EBITDA. This puts Boyd Gaming in the upper half of its industry. The industry median Debt-to-EBITDA is 2.51. Boyd Gaming's value of 2.78 is 10.8% above this benchmark. Historically, Boyd Gaming's own Debt-to-EBITDA has ranged from 0.97 to 14.21 over the past decade. While the company's 10-year median is 4.57 vs. the industry median of 2.51, Boyd Gaming 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 2.51, based on 651 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. Boyd Gaming's current Debt-to-EBITDA of 2.78 is 10.8% 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 Boyd Gaming. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Boyd Gaming's current Debt-to-EBITDA is 2.78, which is 39% below 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 Boyd Gaming stock overvalued right now?
Based on GuruFocus' analysis, Boyd Gaming (BYD) is currently considered Fairly Valued. The stock's GF Value™ is $90.86, compared to a current price of $84.83 — trading 6.6% below its estimated fair value. The current Debt-to-EBITDA is 2.78, which is 39% below median its 10-year median of 4.57 and 10.8% above the Travel & Leisure industry median of 2.51. Boyd Gaming's overall GF Score™ is 87/100 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 Boyd Gaming (BYD), the current Debt-to-EBITDA is 2.78 as of Jun. 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 Boyd Gaming (BYD) Overvalued in 2026?
Based on GuruFocus' analysis, Boyd Gaming stock appears to be undervalued.
The current stock price of $84.83 is trading 6.6% below its estimated GF Value™ of $90.86.
GuruFocus considers Boyd Gaming to be Fairly Valued.
Key valuation signals for BYD:
Debt-to-EBITDA: 2.78 (39% below median its 10-year median of 4.57)
GF Value™: $90.86 vs. price of $84.83 (6.6% below fair value)
Industry Position: 10.8% above the Travel & Leisure median (#194 of 651)
No single metric tells the full story. See the BYD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Boyd Gaming Corp is a multi-jurisdictional gaming company. The company operates wholly-owned gaming entertainment properties (casino space, slot machines, table games, and hotel rooms) in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. Geographical regions separate its business segments: Las Vegas Locals, Downtown Las Vegas, Midwest and South, and Online. The Midwest and South hold the key number of entertainment properties and generate the majority of the company's revenue.
87GF Score
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