Mirarth Holdings (FRA:TDI) Debt-to-EBITDA : 4.28 (As of Mar. 2026) — 54% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:TDI Mirarth Holdings Inc FRA:TDI
70 GF Score
Price €2.16
GF Value €2.45
! 7 Warning Signs
View Full Analysis

What is Mirarth Holdings Debt-to-EBITDA?

Mirarth Holdings FRA:TDI 70 Debt-to-EBITDA is 4.28 as of Mar. 2026, which is 54% below its 10-year median of 9.32. GuruFocus rates FRA:TDI with a GF Score™ of 70/100 and a GF Value™ of €2.45. The stock has 7 warning signs investors should review. Among 1,271 Real Estate companies, Mirarth Holdings ranks worse than 78.91% on this metric.

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

Mirarth Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €484 Mil. Mirarth Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was €978 Mil. Mirarth Holdings's annualized EBITDA for the quarter that ended in Mar. 2026 was €342 Mil. Mirarth Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 4.28.

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 Mirarth Holdings's Debt-to-EBITDA or its related term are showing as below:

FRA:TDI' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 6.6   Med: 9.32   Max: 20.32
Current: 13.03

During the past 13 years, the highest Debt-to-EBITDA Ratio of Mirarth Holdings was 20.32. The lowest was 6.60. And the median was 9.32.

FRA:TDI's Debt-to-EBITDA is ranked worse than
78.91% of 1271 companies
in the Real Estate industry
Industry Median: 5.62 vs FRA:TDI: 13.03

Mirarth Holdings  (FRA:TDI) 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.


Mirarth Holdings Debt-to-EBITDA Related Terms


Mirarth Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Mirarth Holdings'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.

Mirarth Holdings Debt-to-EBITDA Chart

Mirarth Holdings 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 8.90 20.32 9.71 10.96 13.03

Mirarth Holdings 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 3.20 1,280.57 17.38 77.17 4.28

Mirarth Holdings Debt-to-EBITDA Competitor Comparison

For the Real Estate - Development subindustry, Mirarth Holdings'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.


Mirarth Holdings Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Mirarth Holdings's Debt-to-EBITDA distribution charts can be found below:

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


FRA:TDI
70GF Score
Mirarth Holdings Inc FRA:TDI
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mirarth Holdings Debt-to-EBITDA Calculation

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

Mirarth Holdings'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
=(484.202 + 978.145) / 112.239
=13.03

Mirarth Holdings'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
=(484.202 + 978.145) / 341.588
=4.28

* 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 4.28 mean?
Mirarth Holdings (FRA:TDI) has a Debt-to-EBITDA of 4.28 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 Mirarth Holdings. This is 54% below median its historical median of 9.32. Over the past decade, Mirarth Holdings' Debt-to-EBITDA has ranged from 6.60 to 20.32. According to the industry distribution chart, Mirarth Holdings ranks #1003 out of 1271 companies in the Real Estate industry, placing it in the top 78.9%.
Is Mirarth Holdings' Debt-to-EBITDA too high?
Mirarth Holdings' current Debt-to-EBITDA of 4.28 is 54% below median its 10-year median of 9.32. Over the past 10 years, this metric has ranged from a low of 6.60 to a high of 20.32. The Real Estate industry median Debt-to-EBITDA is 5.62. Mirarth Holdings' value of 4.28 is 23.8% below this industry median. Based on the distribution chart, Mirarth Holdings ranks #1003 out of 1271 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Mirarth Holdings has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Mirarth Holdings' Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, Mirarth Holdings ranks #1003 out of 1271 companies for Debt-to-EBITDA. This places Mirarth Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 5.62. Mirarth Holdings' value of 4.28 is 23.8% below this benchmark. Historically, Mirarth Holdings' own Debt-to-EBITDA has ranged from 6.60 to 20.32 over the past decade. While the company's 10-year median is 9.32 vs. the industry median of 5.62, Mirarth Holdings 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 a Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.62, based on 1,271 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. Mirarth Holdings's current Debt-to-EBITDA of 4.28 is 23.8% 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 Mirarth Holdings. For the Real Estate industry, the median Debt-to-EBITDA is 5.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mirarth Holdings's current Debt-to-EBITDA is 4.28, which is 54% below median its own 10-year median of 9.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mirarth Holdings stock overvalued right now?
Mirarth Holdings (FRA:TDI) has a current Debt-to-EBITDA of 4.28. The stock's GF Value™ is €2.45, compared to a current price of €2.16 — trading 11.8% below its estimated fair value. The current Debt-to-EBITDA is 4.28, which is 54% below median its 10-year median of 9.32 and 23.8% below the Real Estate industry median of 5.62. Mirarth Holdings' overall GF Score™ is 70/100 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 Mirarth Holdings (FRA:TDI), the current Debt-to-EBITDA is 4.28 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 Mirarth Holdings (FRA:TDI) Overvalued in 2026?

Based on GuruFocus' analysis, Mirarth Holdings stock appears to be undervalued. The current stock price of €2.16 is trading 11.8% below its estimated GF Value™ of €2.45.

Key valuation signals for FRA:TDI:

  • Debt-to-EBITDA: 4.28 (54% below median its 10-year median of 9.32)
  • GF Value™: €2.45 vs. price of €2.16 (11.8% below fair value)
  • GF Score™: 70/100 with 7 warning signs
  • Industry Position: 23.8% below the Real Estate median (#1003 of 1271)

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


Mirarth Holdings Business Description

Other Exchanges 8897:Japan
Address 1-8-2, Marunouchi, Tekko Building 16th Floor, Chiyoda-ku, Tokyo, JPN, 100-0005
Mirarth Holdings Inc operates in Real Estate Business, Energy Business, Asset Management Business, and Other Businesses.
70GF Score

Get the complete analysis for FRA:TDI

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

€2.16
Price
€2.45
GF Value