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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 Nippon Coke & Engineering Co's Debt-to-EBITDA or its related term are showing as below:
FRA:NJ2'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -275.73 Med: 2.91 Max: 10.82
Current: -275.73
During the past 13 years, the highest Debt-to-EBITDA Ratio of Nippon Coke & Engineering Co was 10.82. The lowest was -275.73. And the median was 2.91.
FRA:NJ2's Debt-to-EBITDA is ranked worse than 100% of 494
companies
in the Steel industry
Industry Median: 2.9
vs FRA:NJ2: -275.73
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.
Nippon Coke & Engineering Co Debt-to-EBITDA Related Terms
Nippon Coke & Engineering Co Debt-to-EBITDA Historical Data
* 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.
For the Coking Coal subindustry, Nippon Coke & Engineering Co'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.
Nippon Coke & Engineering Co Debt-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, Nippon Coke & Engineering Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Nippon Coke & Engineering Co'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.
Nippon Coke & Engineering Co (FRA:NJ2) has a Debt-to-EBITDA of 4.87 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 Nippon Coke & Engineering Co. This is 67% above median its historical median of 2.91. According to the industry distribution chart, Nippon Coke & Engineering Co ranks #999999 out of 494 companies in the Steel industry.
Is Nippon Coke & Engineering Co's Debt-to-EBITDA too high?
Nippon Coke & Engineering Co's current Debt-to-EBITDA of 4.87 is 67% above median its 10-year median of 2.91. The Steel industry median Debt-to-EBITDA is 2.90. Nippon Coke & Engineering Co's value of 4.87 is 67.9% above this industry median. Based on the distribution chart, Nippon Coke & Engineering Co ranks #999999 out of 494 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Nippon Coke & Engineering Co has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does Nippon Coke & Engineering Co's Debt-to-EBITDA compare to HCC and AMR?
According to the Steel industry distribution chart, Nippon Coke & Engineering Co ranks #999999 out of 494 companies for Debt-to-EBITDA. This places Nippon Coke & Engineering Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.90. Nippon Coke & Engineering Co's value of 4.87 is 67.9% above this benchmark. While the company's 10-year median is 2.91 vs. the industry median of 2.90, Nippon Coke & Engineering Co 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 Steel company?
The median Debt-to-EBITDA among Steel companies is 2.90, based on 494 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. Nippon Coke & Engineering Co's current Debt-to-EBITDA of 4.87 is 67.9% 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 Nippon Coke & Engineering Co. For the Steel industry, the median Debt-to-EBITDA is 2.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Coke & Engineering Co's current Debt-to-EBITDA is 4.87, which is 67% above median its own 10-year median of 2.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Coke & Engineering Co stock overvalued right now?
Nippon Coke & Engineering Co (FRA:NJ2) has a current Debt-to-EBITDA of 4.87. The stock's GF Value™ is €0.38, compared to a current price of €0.51 — trading 34.2% above its estimated fair value. The current Debt-to-EBITDA is 4.87, which is 67% above median its 10-year median of 2.91 and 67.9% above the Steel industry median of 2.90. Nippon Coke & Engineering Co's overall GF Score™ is 50/100 with 5 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 Nippon Coke & Engineering Co (FRA:NJ2), the current Debt-to-EBITDA is 4.87 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 Nippon Coke & Engineering Co (FRA:NJ2) Overvalued in 2026?
Based on GuruFocus' analysis, Nippon Coke & Engineering Co stock appears to be overvalued.
The current stock price of €0.51 is trading 34.2% above its estimated GF Value™ of €0.38.
Key valuation signals for FRA:NJ2:
Debt-to-EBITDA: 4.87 (67% above median its 10-year median of 2.91)
GF Value™: €0.38 vs. price of €0.51 (34.2% above fair value)
Industry Position: 67.9% above the Steel median (#999999 of 494)
No single metric tells the full story. See the FRA:NJ2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Nippon Coke & Engineering Co Ltd is engaged in the business of production and supply of coal and coke. The company also focuses on the sale and production of powder and granule-related equipment and machinery. In addition, it is involved in resource recycling, and logistics businesses; and property rental activity. Business is functioned through Japan and it derives the majority of its revenue from the coal and coke segment.
50GF Score
Get the complete analysis for FRA:NJ2
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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