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China Tourism Group Duty FreeCTGDF 81 Debt-to-EBITDA is 0.83 as of Mar. 2026, which is 108% above its 10-year median of 0.40. GuruFocus rates CTGDF with a GF Score™ of 81/100. The stock has 5 warning signs investors should review. Among 910 Retail - Cyclical companies, China Tourism Group Duty Free ranks better than 61.98% 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 China Tourism Group Duty Free's Debt-to-EBITDA or its related term are showing as below:
CTGDF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.03 Med: 0.4 Max: 1.64
Current: 1.64
During the past 13 years, the highest Debt-to-EBITDA Ratio of China Tourism Group Duty Free was 1.64. The lowest was 0.03. And the median was 0.40.
CTGDF's Debt-to-EBITDA is ranked better than 61.98% of 910
companies
in the Retail - Cyclical industry
Industry Median: 2.305
vs CTGDF: 1.64
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.
China Tourism Group Duty Free Debt-to-EBITDA Related Terms
China Tourism Group Duty Free Debt-to-EBITDA Historical Data
* 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.
China Tourism Group Duty Free Debt-to-EBITDA Chart
CTGDF vs CASY, WSM, ULTA: Debt-to-EBITDA Comparison
For the Specialty Retail subindustry, China Tourism Group Duty Free'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.
China Tourism Group Duty Free Debt-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, China Tourism Group Duty Free's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where China Tourism Group Duty Free'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.
China Tourism Group Duty Free (CTGDF) has a Debt-to-EBITDA of 0.83 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 China Tourism Group Duty Free. This is 108% above median its historical median of 0.40. Over the past decade, China Tourism Group Duty Free's Debt-to-EBITDA has ranged from 0.03 to 1.64. According to the industry distribution chart, China Tourism Group Duty Free ranks #346 out of 910 companies in the Retail - Cyclical industry, placing it in the top 38%.
Is China Tourism Group Duty Free's Debt-to-EBITDA too high?
China Tourism Group Duty Free's current Debt-to-EBITDA of 0.83 is 108% above median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 1.64. The Retail - Cyclical industry median Debt-to-EBITDA is 2.31. China Tourism Group Duty Free's value of 0.83 is 64% below this industry median. Based on the distribution chart, China Tourism Group Duty Free ranks #346 out of 910 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, China Tourism Group Duty Free has a GF Score™ of 81/100, reflecting its overall financial health beyond just this single metric.
How does China Tourism Group Duty Free's Debt-to-EBITDA compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, China Tourism Group Duty Free ranks #346 out of 910 companies for Debt-to-EBITDA. This puts China Tourism Group Duty Free in the upper half of its industry. The industry median Debt-to-EBITDA is 2.31. China Tourism Group Duty Free's value of 0.83 is 64% below this benchmark. Historically, China Tourism Group Duty Free's own Debt-to-EBITDA has ranged from 0.03 to 1.64 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 2.31, China Tourism Group Duty Free 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 2.31, based on 910 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. China Tourism Group Duty Free's current Debt-to-EBITDA of 0.83 is 64% 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 China Tourism Group Duty Free. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Tourism Group Duty Free's current Debt-to-EBITDA is 0.83, which is 108% above median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Tourism Group Duty Free stock overvalued right now?
China Tourism Group Duty Free (CTGDF) has a current Debt-to-EBITDA of 0.83. The current Debt-to-EBITDA is 0.83, which is 108% above median its 10-year median of 0.40 and 64% below the Retail - Cyclical industry median of 2.31. China Tourism Group Duty Free's overall GF Score™ is 81/100 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 China Tourism Group Duty Free (CTGDF), the current Debt-to-EBITDA is 0.83 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.
Established in 1984, China Tourism Group Duty Free is China's largest and the world's second-largest travel retailer in 2025 with revenue of CNY 54 billion. The company primarily operates duty-free stores at airports, border crossings, offshore, downtown, and on flights, cruises and ships, with about 200 stores spanning over 33 provinces in China, as well as overseas. The company also operates a duty-paid business. Its 2025 revenue mix was 73% duty-free sales and 27% duty-paid sales and others. CTG Duty Free is 50% owned by China Tourism Group, a state-owned enterprise that falls directly under the State-owned Assets Supervision and Administration Commission of the State Council.
81GF Score
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