Casey's General StoresCASY -0.26%84 Debt-to-EBITDA is 2.07 as of Apr. 2026, which is 2% above its 10-year median of 2.03. GuruFocus rates CASY with a GF Score™ of 84/100 and a GF Value™ of $484.24 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 895 Retail - Cyclical companies, Casey's General Stores ranks better than 57.54% 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 Casey's General Stores's Debt-to-EBITDA or its related term are showing as below:
CASY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.65 Med: 2.03 Max: 2.77
Current: 1.96
During the past 13 years, the highest Debt-to-EBITDA Ratio of Casey's General Stores was 2.77. The lowest was 1.65. And the median was 2.03.
CASY's Debt-to-EBITDA is ranked better than 57.54% of 895
companies
in the Retail - Cyclical industry
Industry Median: 2.39
vs CASY: 1.96
Casey's General Stores (NAS:CASY) Debt-to-EBITDA Explanation
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.
Casey's General Stores Debt-to-EBITDA Related Terms
Casey's General Stores Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Casey's General Stores'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 Specialty Retail subindustry, Casey's General Stores'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.
Casey's General Stores Debt-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Casey's General Stores's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Casey's General Stores'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 (Apr. 2026) EBITDA data.
Casey's General Stores (CASY) has a Debt-to-EBITDA of 2.07 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Casey's General Stores. This is near median its historical median of 2.03. Over the past decade, Casey's General Stores' Debt-to-EBITDA has ranged from 1.65 to 2.77. According to the industry distribution chart, Casey's General Stores ranks #380 out of 895 companies in the Retail - Cyclical industry, placing it in the top 42.5%.
Is Casey's General Stores' Debt-to-EBITDA too high?
Casey's General Stores' current Debt-to-EBITDA of 2.07 is near median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 1.65 to a high of 2.77. The Retail - Cyclical industry median Debt-to-EBITDA is 2.39. Casey's General Stores' value of 2.07 is 13.4% below this industry median. Based on the distribution chart, Casey's General Stores ranks #380 out of 895 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Casey's General Stores has a GF Score™ of 84/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Casey's General Stores' Debt-to-EBITDA compare to WSM and DKS?
According to the Retail - Cyclical industry distribution chart, Casey's General Stores ranks #380 out of 895 companies for Debt-to-EBITDA. This puts Casey's General Stores in the upper half of its industry. The industry median Debt-to-EBITDA is 2.39. Casey's General Stores' value of 2.07 is 13.4% below this benchmark. Historically, Casey's General Stores' own Debt-to-EBITDA has ranged from 1.65 to 2.77 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 2.39, Casey's General Stores 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.39, based on 895 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. Casey's General Stores's current Debt-to-EBITDA of 2.07 is 13.4% 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 Casey's General Stores. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Casey's General Stores's current Debt-to-EBITDA is 2.07, which is near median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Casey's General Stores stock overvalued right now?
Based on GuruFocus' analysis, Casey's General Stores (CASY) is currently considered Significantly Overvalued. The stock's GF Value™ is $484.24, compared to a current price of $820.31 — trading 69.4% above its estimated fair value. The current Debt-to-EBITDA is 2.07, which is near median its 10-year median of 2.03 and 13.4% below the Retail - Cyclical industry median of 2.39. Casey's General Stores' overall GF Score™ is 84/100 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 Casey's General Stores (CASY), the current Debt-to-EBITDA is 2.07 as of Apr. 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 Casey's General Stores (CASY) Overvalued in 2026?
Based on GuruFocus' analysis, Casey's General Stores stock appears to be overvalued.
The current stock price of $820.31 is trading 69.4% above its estimated GF Value™ of $484.24.
GuruFocus considers Casey's General Stores to be Significantly Overvalued.
Key valuation signals for CASY:
Debt-to-EBITDA: 2.07 (near median its 10-year median of 2.03)
GF Value™: $484.24 vs. price of $820.31 (69.4% above fair value)
Industry Position: 13.4% below the Retail - Cyclical median (#380 of 895)
No single metric tells the full story. See the CASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Casey's General Stores Inc serves as convenience store chain with its 2,900 locations, positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic driver, about two-thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates the majority of its warehousing and distribution processes internally.
84GF Score
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