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The Cheesecake FactoryFRA:CF2 +3.13%73 Debt-to-EBITDA is 6.43 as of Mar. 2026, which is 8% below its 10-year median of 6.96. GuruFocus rates FRA:CF2 with a GF Score™ of 73/100 and a GF Value™ of €40.86 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 300 Restaurants companies, The Cheesecake Factory ranks worse than 84% 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 The Cheesecake Factory's Debt-to-EBITDA or its related term are showing as below:
FRA:CF2'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.39 Med: 6.96 Max: 13.86
Current: 7.07
During the past 13 years, the highest Debt-to-EBITDA Ratio of The Cheesecake Factory was 13.86. The lowest was -6.39. And the median was 6.96.
FRA:CF2's Debt-to-EBITDA is ranked worse than 84% of 300
companies
in the Restaurants industry
Industry Median: 2.905
vs FRA:CF2: 7.07
The Cheesecake Factory (FRA:CF2) Debt-to-EBITDA Explanation
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 Cheesecake Factory Debt-to-EBITDA Related Terms
The Cheesecake Factory Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for The Cheesecake Factory'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:CF2 vs WING, SHAK, ARCO: Debt-to-EBITDA Comparison
For the Restaurants subindustry, The Cheesecake Factory'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.
The Cheesecake Factory Debt-to-EBITDA vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, The Cheesecake Factory's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where The Cheesecake Factory'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.
The Cheesecake Factory (FRA:CF2) has a Debt-to-EBITDA of 6.43 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 The Cheesecake Factory. This is near median its historical median of 6.96. According to the industry distribution chart, The Cheesecake Factory ranks #252 out of 300 companies in the Restaurants industry, placing it in the top 84%.
Is The Cheesecake Factory's Debt-to-EBITDA too high?
The Cheesecake Factory's current Debt-to-EBITDA of 6.43 is near median its 10-year median of 6.96. The Restaurants industry median Debt-to-EBITDA is 2.91. The Cheesecake Factory's value of 6.43 is 121.3% above this industry median. Based on the distribution chart, The Cheesecake Factory ranks #252 out of 300 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, The Cheesecake Factory has a GF Score™ of 73/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Cheesecake Factory's Debt-to-EBITDA compare to WING and SHAK?
According to the Restaurants industry distribution chart, The Cheesecake Factory ranks #252 out of 300 companies for Debt-to-EBITDA. This places The Cheesecake Factory in the lower half of its industry. The industry median Debt-to-EBITDA is 2.91. The Cheesecake Factory's value of 6.43 is 121.3% above this benchmark. While the company's 10-year median is 6.96 vs. the industry median of 2.91, The Cheesecake Factory 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 Restaurants company?
The median Debt-to-EBITDA among Restaurants companies is 2.91, based on 300 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. The Cheesecake Factory's current Debt-to-EBITDA of 6.43 is 121.3% 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 The Cheesecake Factory. For the Restaurants industry, the median Debt-to-EBITDA is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Cheesecake Factory's current Debt-to-EBITDA is 6.43, which is near median its own 10-year median of 6.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Cheesecake Factory stock overvalued right now?
Based on GuruFocus' analysis, The Cheesecake Factory (FRA:CF2) is currently considered Significantly Overvalued. The stock's GF Value™ is €40.86, compared to a current price of €71.16 — trading 74.2% above its estimated fair value. The current Debt-to-EBITDA is 6.43, which is near median its 10-year median of 6.96 and 121.3% above the Restaurants industry median of 2.91. The Cheesecake Factory's overall GF Score™ is 73/100 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 The Cheesecake Factory (FRA:CF2), the current Debt-to-EBITDA is 6.43 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 The Cheesecake Factory (FRA:CF2) Overvalued in 2026?
Based on GuruFocus' analysis, The Cheesecake Factory stock appears to be overvalued.
The current stock price of €71.16 is trading 74.2% above its estimated GF Value™ of €40.86.
GuruFocus considers The Cheesecake Factory to be Significantly Overvalued.
Key valuation signals for FRA:CF2:
Debt-to-EBITDA: 6.43 (near median its 10-year median of 6.96)
GF Value™: €40.86 vs. price of €71.16 (74.2% above fair value)
Industry Position: 121.3% above the Restaurants median (#252 of 300)
No single metric tells the full story. See the FRA:CF2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
The Cheesecake Factory Inc is a restaurant company that owns and operates multiple casual dining brands across the United States and Canada under brands that include The Cheesecake Factory, North Italia, Flower Child, and additional brands within its Fox Restaurant Concepts portfolio. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, Other FRC, and Other. The majority of the company's revenue comes from the Cheesecake Factory restaurants segment.
73GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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