EXDW (Exceed World) Debt-to-EBITDA : -0.22 (As of Sep. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

EXDW Exceed World Inc EXDW
44 GF Score
Price $0.29
GF Value $0.15
! 8 Warning Signs
View Full Analysis

What is Exceed World Debt-to-EBITDA?

Exceed World EXDW 44 Debt-to-EBITDA is -0.22 as of Sep. 2025. GuruFocus rates EXDW with a GF Score™ of 44/100 and a GF Value™ of $0.15. The stock has 8 warning signs investors should review.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Exceed World's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was $0.87 Mil. Exceed World's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was $0.99 Mil. Exceed World's annualized EBITDA for the quarter that ended in Sep. 2025 was $-8.28 Mil. Exceed World's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2025 was -0.22.

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 Exceed World's Debt-to-EBITDA or its related term are showing as below:

EXDW' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.68   Med: 0.09   Max: 12.25
Current: -0.33

During the past 10 years, the highest Debt-to-EBITDA Ratio of Exceed World was 12.25. The lowest was -5.68. And the median was 0.09.

EXDW's Debt-to-EBITDA is not ranked
in the Education industry.
Industry Median: 1.45 vs EXDW: -0.33

Exceed World  (OTCPK:EXDW) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Exceed World Debt-to-EBITDA Related Terms


Exceed World Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Exceed World'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.

Exceed World Debt-to-EBITDA Chart

Exceed World Annual Data
Trend Nov15 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.21 0.07 12.25 0.31 -0.32

Exceed World Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.07 -0.21 -0.10 -0.08 -0.22

EXDW vs ASPU, WAFU, AMBO: Debt-to-EBITDA Comparison

For the Education & Training Services subindustry, Exceed World'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.


Exceed World Debt-to-EBITDA vs Education Industry

For the Education industry and Consumer Defensive sector, Exceed World's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Exceed World's Debt-to-EBITDA falls into.


EXDW
44GF Score
Exceed World Inc EXDW
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Exceed World Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Exceed World's Debt-to-EBITDA for the fiscal year that ended in Sep. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.871 + 0.985) / -5.876
=-0.32

Exceed World's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0.871 + 0.985) / -8.276
=-0.22

* 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 (Sep. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -0.22 mean?
Exceed World (EXDW) has a Debt-to-EBITDA of -0.22 as of Sep. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Exceed World.
Is Exceed World's Debt-to-EBITDA too high?
Exceed World's current Debt-to-EBITDA is -0.22. Overall, Exceed World has a GF Score™ of 44/100, reflecting its overall financial health beyond just this single metric.
How does Exceed World's Debt-to-EBITDA compare to ASPU and WAFU?
Exceed World's Debt-to-EBITDA of -0.22 can be compared against companies in the Education industry. The industry median Debt-to-EBITDA is 1.45. 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 an Education company?
The median Debt-to-EBITDA among Education companies is 1.45, based on 187 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. 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 Exceed World. For the Education industry, the median Debt-to-EBITDA is 1.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exceed World's current Debt-to-EBITDA is -0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exceed World stock overvalued right now?
Exceed World (EXDW) has a current Debt-to-EBITDA of -0.22. The stock's GF Value™ is $0.15, compared to a current price of $0.29 — trading 95% above its estimated fair value. The current Debt-to-EBITDA is -0.22. Exceed World's overall GF Score™ is 44/100 with 8 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 Exceed World (EXDW), the current Debt-to-EBITDA is -0.22 as of Sep. 2025. 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 Exceed World (EXDW) Overvalued in 2026?

Based on GuruFocus' analysis, Exceed World stock appears to be overvalued. The current stock price of $0.29 is trading 95% above its estimated GF Value™ of $0.15.

Key valuation signals for EXDW:

  • Debt-to-EBITDA: -0.22
  • GF Value™: $0.15 vs. price of $0.29 (95% above fair value)
  • GF Score™: 44/100 with 8 warning signs

No single metric tells the full story. See the EXDW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Exceed World Business Description

Address 1-23-38-6th Floor, Esakacho, Suita-shi, Osaka, JPN, 564-0063
Exceed World Inc is engaged in the education service business and provides educational services through an internet platform called Force Club. The company is an education service provider in Japan, offering a range of e-learning education programs and supporting services through Force Club. Its e-learning programs, procured from independent third-party software developers, include pre-school learning resources, resources supplementing elementary, junior high, and senior high school curricula, preparation courses for university entrance and professional qualification examinations, and English learning, serving customers from pre-school children to students and adult learners, mainly as supplemental learning resources and self-learning tools.
44GF Score

Get the complete analysis for EXDW

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$0.29
Price
$0.15
GF Value