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Eastman Chemical CoEMN -0.17%72 Debt-to-EBITDA is 4.09 as of Mar. 2026, which is 32% above its 10-year median of 3.11. GuruFocus rates EMN with a GF Score™ of 72/100 and a GF Value™ of $79.09 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,236 Chemicals companies, Eastman Chemical Co ranks worse than 71.44% 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 Eastman Chemical Co's Debt-to-EBITDA or its related term are showing as below:
EMN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.69 Med: 3.11 Max: 4.28
Current: 4.09
During the past 13 years, the highest Debt-to-EBITDA Ratio of Eastman Chemical Co was 4.28. The lowest was 2.69. And the median was 3.11.
EMN's Debt-to-EBITDA is ranked worse than 71.44% of 1236
companies
in the Chemicals industry
Industry Median: 2.16
vs EMN: 4.09
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.
Eastman Chemical Co Debt-to-EBITDA Related Terms
Eastman Chemical Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Eastman Chemical Co'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 Chemicals subindustry, Eastman Chemical Co'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.
Eastman Chemical Co Debt-to-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Eastman Chemical Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Eastman Chemical Co'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.
Eastman Chemical Co (EMN) has a Debt-to-EBITDA of 4.09 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 Eastman Chemical Co. This is 32% above median its historical median of 3.11. Over the past decade, Eastman Chemical Co's Debt-to-EBITDA has ranged from 2.69 to 4.28. According to the industry distribution chart, Eastman Chemical Co ranks #883 out of 1236 companies in the Chemicals industry, placing it in the top 71.4%.
Is Eastman Chemical Co's Debt-to-EBITDA too high?
Eastman Chemical Co's current Debt-to-EBITDA of 4.09 is 32% above median its 10-year median of 3.11. Over the past 10 years, this metric has ranged from a low of 2.69 to a high of 4.28. The Chemicals industry median Debt-to-EBITDA is 2.16. Eastman Chemical Co's value of 4.09 is 89.4% above this industry median. Based on the distribution chart, Eastman Chemical Co ranks #883 out of 1236 companies in the Chemicals industry, which is below the industry midpoint. Overall, Eastman Chemical Co has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eastman Chemical Co's Debt-to-EBITDA compare to NEU and AXTA?
According to the Chemicals industry distribution chart, Eastman Chemical Co ranks #883 out of 1236 companies for Debt-to-EBITDA. This places Eastman Chemical Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.16. Eastman Chemical Co's value of 4.09 is 89.4% above this benchmark. Historically, Eastman Chemical Co's own Debt-to-EBITDA has ranged from 2.69 to 4.28 over the past decade. While the company's 10-year median is 3.11 vs. the industry median of 2.16, Eastman Chemical Co 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 Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 2.16, based on 1,236 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. Eastman Chemical Co's current Debt-to-EBITDA of 4.09 is 89.4% 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 Eastman Chemical Co. For the Chemicals industry, the median Debt-to-EBITDA is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eastman Chemical Co's current Debt-to-EBITDA is 4.09, which is 32% above median its own 10-year median of 3.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eastman Chemical Co stock overvalued right now?
Based on GuruFocus' analysis, Eastman Chemical Co (EMN) is currently considered Modestly Undervalued. The stock's GF Value™ is $79.09, compared to a current price of $69.95 — trading 11.6% below its estimated fair value. The current Debt-to-EBITDA is 4.09, which is 32% above median its 10-year median of 3.11 and 89.4% above the Chemicals industry median of 2.16. Eastman Chemical Co's overall GF Score™ is 72/100 with 7 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 Eastman Chemical Co (EMN), the current Debt-to-EBITDA is 4.09 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 Eastman Chemical Co (EMN) Overvalued in 2026?
Based on GuruFocus' analysis, Eastman Chemical Co stock appears to be undervalued.
The current stock price of $69.95 is trading 11.6% below its estimated GF Value™ of $79.09.
GuruFocus considers Eastman Chemical Co to be Modestly Undervalued.
Key valuation signals for EMN:
Debt-to-EBITDA: 4.09 (32% above median its 10-year median of 3.11)
GF Value™: $79.09 vs. price of $69.95 (11.6% below fair value)
Industry Position: 89.4% above the Chemicals median (#883 of 1236)
No single metric tells the full story. See the EMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Established in 1920 to produce chemicals for Eastman Kodak, Eastman Chemical has grown into a global specialty chemical company with manufacturing sites around the world. The company generates the majority of its sales outside of the United States, with a strong presence in Asian markets. During the past several years, Eastman has sold noncore businesses, choosing to focus on higher-margin specialty product offerings.
72GF Score
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