Mitsubishi Heavy Industries (FRA:MIH) Debt-to-EBITDA : 1.03 (As of Jun. 2026) — 68% Below Median

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FRA:MIH Mitsubishi Heavy Industries Ltd FRA:MIH
68 GF Score
Price €23.32
GF Value €6.76
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is Mitsubishi Heavy Industries Debt-to-EBITDA?

Mitsubishi Heavy Industries FRA:MIH -0.87% 68 Debt-to-EBITDA is 1.03 as of Jun. 2026, which is 68% below its 10-year median of 3.25. GuruFocus rates FRA:MIH with a GF Score™ of 68/100 and a GF Value™ of €6.76 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 2,331 Industrial Products companies, Mitsubishi Heavy Industries ranks better than 61.09% on this metric.

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

Mitsubishi Heavy Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €1,602 Mil. Mitsubishi Heavy Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €3,008 Mil. Mitsubishi Heavy Industries's annualized EBITDA for the quarter that ended in Jun. 2026 was €4,484 Mil. Mitsubishi Heavy Industries's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 1.03.

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

FRA:MIH' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.12   Med: 3.25   Max: 4.48
Current: 1.12

During the past 13 years, the highest Debt-to-EBITDA Ratio of Mitsubishi Heavy Industries was 4.48. The lowest was 1.12. And the median was 3.25.

FRA:MIH's Debt-to-EBITDA is ranked better than
61.09% of 2331 companies
in the Industrial Products industry
Industry Median: 1.68 vs FRA:MIH: 1.12

Mitsubishi Heavy Industries  (FRA:MIH) 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.


Mitsubishi Heavy Industries Debt-to-EBITDA Related Terms


Mitsubishi Heavy Industries Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Mitsubishi Heavy 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.

Mitsubishi Heavy Industries Debt-to-EBITDA Chart

Mitsubishi Heavy Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.29 3.22 2.34 1.73 1.25

Mitsubishi Heavy Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.94 1.93 1.17 0.99 1.03

FRA:MIH vs GEV, ETN, PH: Debt-to-EBITDA Comparison

For the Specialty Industrial Machinery subindustry, Mitsubishi Heavy 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.


Mitsubishi Heavy Industries Debt-to-EBITDA vs Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mitsubishi Heavy Industries's Debt-to-EBITDA distribution charts can be found below:

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


FRA:MIH
68GF Score
Mitsubishi Heavy Industries Ltd FRA:MIH
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mitsubishi Heavy Industries Debt-to-EBITDA Calculation

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

Mitsubishi Heavy Industries's Debt-to-EBITDA for the fiscal year 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
=(1390.403 + 3386.095) / 3831.556
=1.25

Mitsubishi Heavy Industries's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1602.272 + 3007.528) / 4484.296
=1.03

* 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 (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.03 mean?
Mitsubishi Heavy Industries (FRA:MIH) has a Debt-to-EBITDA of 1.03 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Mitsubishi Heavy Industries. This is 68% below median its historical median of 3.25. Over the past decade, Mitsubishi Heavy Industries' Debt-to-EBITDA has ranged from 1.12 to 4.48. According to the industry distribution chart, Mitsubishi Heavy Industries ranks #907 out of 2331 companies in the Industrial Products industry, placing it in the top 38.9%.
Is Mitsubishi Heavy Industries' Debt-to-EBITDA too high?
Mitsubishi Heavy Industries' current Debt-to-EBITDA of 1.03 is 68% below median its 10-year median of 3.25. Over the past 10 years, this metric has ranged from a low of 1.12 to a high of 4.48. The Industrial Products industry median Debt-to-EBITDA is 1.68. Mitsubishi Heavy Industries' value of 1.03 is 38.7% below this industry median. Based on the distribution chart, Mitsubishi Heavy Industries ranks #907 out of 2331 companies in the Industrial Products industry, which is above the industry midpoint. Overall, Mitsubishi Heavy Industries has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mitsubishi Heavy Industries' Debt-to-EBITDA compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Mitsubishi Heavy Industries ranks #907 out of 2331 companies for Debt-to-EBITDA. This puts Mitsubishi Heavy Industries in the upper half of its industry. The industry median Debt-to-EBITDA is 1.68. Mitsubishi Heavy Industries' value of 1.03 is 38.7% below this benchmark. Historically, Mitsubishi Heavy Industries' own Debt-to-EBITDA has ranged from 1.12 to 4.48 over the past decade. While the company's 10-year median is 3.25 vs. the industry median of 1.68, Mitsubishi Heavy Industries has consistently been below 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 an Industrial Products company?
The median Debt-to-EBITDA among Industrial Products companies is 1.68, based on 2,331 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. Mitsubishi Heavy Industries's current Debt-to-EBITDA of 1.03 is 38.7% below 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 Mitsubishi Heavy Industries. For the Industrial Products industry, the median Debt-to-EBITDA is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mitsubishi Heavy Industries's current Debt-to-EBITDA is 1.03, which is 68% below median its own 10-year median of 3.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mitsubishi Heavy Industries stock overvalued right now?
Based on GuruFocus' analysis, Mitsubishi Heavy Industries (FRA:MIH) is currently considered Significantly Overvalued. The stock's GF Value™ is €6.76, compared to a current price of €23.32 — trading 244.9% above its estimated fair value. The current Debt-to-EBITDA is 1.03, which is 68% below median its 10-year median of 3.25 and 38.7% below the Industrial Products industry median of 1.68. Mitsubishi Heavy Industries' overall GF Score™ is 68/100 with 1 warning sign 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 Mitsubishi Heavy Industries (FRA:MIH), the current Debt-to-EBITDA is 1.03 as of Jun. 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 Mitsubishi Heavy Industries (FRA:MIH) Overvalued in 2026?

Based on GuruFocus' analysis, Mitsubishi Heavy Industries stock appears to be overvalued. The current stock price of €23.32 is trading 244.9% above its estimated GF Value™ of €6.76. GuruFocus considers Mitsubishi Heavy Industries to be Significantly Overvalued.

Key valuation signals for FRA:MIH:

  • Debt-to-EBITDA: 1.03 (68% below median its 10-year median of 3.25)
  • GF Value™: €6.76 vs. price of €23.32 (244.9% above fair value)
  • GF Score™: 68/100 with 1 warning sign
  • Industry Position: 38.7% below the Industrial Products median (#907 of 2331)

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


Mitsubishi Heavy Industries Business Description

Address 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, JPN, 100-8332
Mitsubishi Heavy Industries is a diversified industrial and engineering group that was founded in 1884 and reorganized in 1950. It operates across four segments: energy systems; plants and infrastructure; logistics, thermal and drive systems; and aircraft, defense and space. MHI is a global leader in large gas turbines and energy services, and a key domestic supplier of aerospace and defense systems. Its end markets include energy infrastructure, industrial equipment, transport, and defense, with a growing focus on decarbonization technologies such as hydrogen- and ammonia-capable turbines. The company employs about 77,000 people globally.
68GF Score

Get the complete analysis for FRA:MIH

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

€23.32
Price
€6.76
GF Value