FGI (FGI Industries) Debt-to-EBITDA : -111.13 (As of Mar. 2026)


FGI FGI Industries Ltd FGI
66 GF Score
Price $4.19
GF Value $5.47
Valuation Modestly Undervalued
! 4 Warning Signs
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What is FGI Industries Debt-to-EBITDA?

FGI Industries FGI -4.56% 66 Debt-to-EBITDA is -111.13 as of Mar. 2026. GuruFocus rates FGI with a GF Score™ of 66/100 and a GF Value™ of $5.47 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 331 Furnishings, Fixtures & Appliances companies, FGI Industries ranks worse than 98.19% on this metric.

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

FGI Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $14.9 Mil. FGI Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $9.6 Mil. FGI Industries's annualized EBITDA for the quarter that ended in Mar. 2026 was $-0.2 Mil. FGI Industries's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was -111.13.

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 FGI Industries's Debt-to-EBITDA or its related term are showing as below:

FGI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -231.21   Med: 3.58   Max: 63.5
Current: 63.5

During the past 7 years, the highest Debt-to-EBITDA Ratio of FGI Industries was 63.50. The lowest was -231.21. And the median was 3.58.

FGI's Debt-to-EBITDA is ranked worse than
98.19% of 331 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.82 vs FGI: 63.50

FGI Industries  (NAS:FGI) 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.


FGI Industries Debt-to-EBITDA Related Terms


FGI Industries Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for FGI Industries'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.

FGI Industries Debt-to-EBITDA Chart

FGI Industries Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 2.39 3.58 5.35 12.95 -231.21

FGI Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 -11.54 -11.21 6.27 -137.11 -111.13

FGI vs NCL, SNTW, LUVU: Debt-to-EBITDA Comparison

For the Furnishings, Fixtures & Appliances subindustry, FGI Industries'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.


FGI Industries Debt-to-EBITDA vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, FGI Industries's Debt-to-EBITDA distribution charts can be found below:

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


FGI
66GF Score
FGI Industries Ltd FGI
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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FGI Industries Debt-to-EBITDA Calculation

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

FGI Industries's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(13.57 + 10.013) / -0.102
=-231.21

FGI Industries's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(14.869 + 9.58) / -0.22
=-111.13

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -111.13 mean?
FGI Industries (FGI) has a Debt-to-EBITDA of -111.13 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 FGI Industries. According to the industry distribution chart, FGI Industries ranks #325 out of 331 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 98.2%.
Is FGI Industries' Debt-to-EBITDA too high?
FGI Industries' current Debt-to-EBITDA is -111.13. Based on the distribution chart, FGI Industries ranks #325 out of 331 companies in the Furnishings, Fixtures & Appliances industry, which is in the bottom quartile relative to peers. Overall, FGI Industries has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FGI Industries' Debt-to-EBITDA compare to NCL and SNTW?
According to the Furnishings, Fixtures & Appliances industry distribution chart, FGI Industries ranks #325 out of 331 companies for Debt-to-EBITDA. This places FGI Industries in the lower half of its industry. The industry median Debt-to-EBITDA is 1.82. 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 Furnishings, Fixtures & Appliances company?
The median Debt-to-EBITDA among Furnishings, Fixtures & Appliances companies is 1.82, based on 331 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 FGI Industries. For the Furnishings, Fixtures & Appliances industry, the median Debt-to-EBITDA is 1.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FGI Industries's current Debt-to-EBITDA is -111.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FGI Industries stock overvalued right now?
Based on GuruFocus' analysis, FGI Industries (FGI) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.47, compared to a current price of $4.19 — trading 23.4% below its estimated fair value. The current Debt-to-EBITDA is -111.13. FGI Industries' overall GF Score™ is 66/100 with 4 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 FGI Industries (FGI), the current Debt-to-EBITDA is -111.13 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 FGI Industries (FGI) Overvalued in 2026?

Based on GuruFocus' analysis, FGI Industries stock appears to be undervalued. The current stock price of $4.19 is trading 23.4% below its estimated GF Value™ of $5.47. GuruFocus considers FGI Industries to be Modestly Undervalued.

Key valuation signals for FGI:

  • Debt-to-EBITDA: -111.13
  • GF Value™: $5.47 vs. price of $4.19 (23.4% below fair value)
  • GF Score™: 66/100 with 4 warning signs

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


FGI Industries Business Description

Address 906 Murray Road, East Hanover, NJ, USA, 07936
FGI Industries Ltd is a supplier of kitchen and bath products. The company is business to business supplier of bath and kitchen products to large retail, wholesale, commercial, and specialty channel customers around the globe. The company offers products that fall into four categories: Sanitaryware, Bath Furniture, Shower Systems and Other. The company generates the majority of its revenue from the sale of Sanitaryware products. Geographically, it generates the majority of its revenue from the United States, followed by Canada and Europe.
66GF Score

Get the complete analysis for FGI

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

$4.19
Price
$5.47
GF Value