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MercariFRA:6TP -1.60%76 Debt-to-EBITDA is 4.03 as of Mar. 2026. GuruFocus rates FRA:6TP with a GF Score™ of 76/100 and a GF Value™ of €15.34 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 898 Retail - Cyclical companies, Mercari ranks worse than 81.29% 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 Mercari's Debt-to-EBITDA or its related term are showing as below:
FRA:6TP'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -44.83 Med: -3.71 Max: 9.47
Current: 5.81
During the past 10 years, the highest Debt-to-EBITDA Ratio of Mercari was 9.47. The lowest was -44.83. And the median was -3.71.
FRA:6TP's Debt-to-EBITDA is ranked worse than 81.29% of 898
companies
in the Retail - Cyclical industry
Industry Median: 2.395
vs FRA:6TP: 5.81
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.
Mercari Debt-to-EBITDA Related Terms
Mercari Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Mercari'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.
FRA:6TP vs AMZN, BABA, PDD: Debt-to-EBITDA Comparison
For the Internet Retail subindustry, Mercari'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.
Mercari Debt-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Mercari's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Mercari'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.
Mercari (FRA:6TP) has a Debt-to-EBITDA of 4.03 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 Mercari. According to the industry distribution chart, Mercari ranks #730 out of 898 companies in the Retail - Cyclical industry, placing it in the top 81.3%.
Is Mercari's Debt-to-EBITDA too high?
Mercari's current Debt-to-EBITDA is 4.03. The Retail - Cyclical industry median Debt-to-EBITDA is 2.40. Mercari's value of 4.03 is 68.3% above this industry median. Based on the distribution chart, Mercari ranks #730 out of 898 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Mercari has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mercari's Debt-to-EBITDA compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, Mercari ranks #730 out of 898 companies for Debt-to-EBITDA. This places Mercari in the lower half of its industry. The industry median Debt-to-EBITDA is 2.40. Mercari's value of 4.03 is 68.3% above this benchmark. 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 2.40, based on 898 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. Mercari's current Debt-to-EBITDA of 4.03 is 68.3% 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 Mercari. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mercari's current Debt-to-EBITDA is 4.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mercari stock overvalued right now?
Based on GuruFocus' analysis, Mercari (FRA:6TP) is currently considered Significantly Overvalued. The stock's GF Value™ is €15.34, compared to a current price of €24.60 — trading 60.4% above its estimated fair value. The current Debt-to-EBITDA is 4.03 and 68.3% above the Retail - Cyclical industry median of 2.40. Mercari's overall GF Score™ is 76/100 with 9 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 Mercari (FRA:6TP), the current Debt-to-EBITDA is 4.03 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 Mercari (FRA:6TP) Overvalued in 2026?
Based on GuruFocus' analysis, Mercari stock appears to be overvalued.
The current stock price of €24.60 is trading 60.4% above its estimated GF Value™ of €15.34.
GuruFocus considers Mercari to be Significantly Overvalued.
Key valuation signals for FRA:6TP:
Debt-to-EBITDA: 4.03
GF Value™: €15.34 vs. price of €24.60 (60.4% above fair value)
Industry Position: 68.3% above the Retail - Cyclical median (#730 of 898)
No single metric tells the full story. See the FRA:6TP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mercari operates the largest consumer-to-consumer secondhand goods trading platform in Japan in Mercari, with over 23 million monthly active users and over JPY 1.1 trillion in gross merchandise value in fiscal 2022. We estimate that it currently has over 40% market share in the online C2C market, making it the top platform in Japan. It operates a domestic fintech business and a C2C marketplace app business in the US as well. Domestic business roughly accounts for over 95% of its total GMV.
76GF Score
Get the complete analysis for FRA:6TP
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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