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SBI HoldingsFRA:ZOF -5.20%73 Debt-to-EBITDA is 35.66 as of Mar. 2026, which is 106% above its 10-year median of 17.34. GuruFocus rates FRA:ZOF with a GF Score™ of 73/100 and a GF Value™ of €13.35 (Fairly Valued). The stock has 7 warning signs investors should review. Among 120 Diversified Financial Services companies, SBI Holdings ranks worse than 84.17% 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 SBI Holdings's Debt-to-EBITDA or its related term are showing as below:
FRA:ZOF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 10.74 Med: 17.34 Max: 23.23
Current: 12.86
During the past 13 years, the highest Debt-to-EBITDA Ratio of SBI Holdings was 23.23. The lowest was 10.74. And the median was 17.34.
FRA:ZOF's Debt-to-EBITDA is ranked worse than 84.17% of 120
companies
in the Diversified Financial Services industry
Industry Median: 5.755
vs FRA:ZOF: 12.86
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.
SBI Holdings Debt-to-EBITDA Related Terms
SBI Holdings Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for SBI 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.
For the Financial Conglomerates subindustry, SBI 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.
SBI Holdings Debt-to-EBITDA vs Diversified Financial Services Industry
For the Diversified Financial Services industry and Financial Services sector, SBI Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where SBI Holdings'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.
SBI Holdings (FRA:ZOF) has a Debt-to-EBITDA of 35.66 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 SBI Holdings. This is 106% above median its historical median of 17.34. Over the past decade, SBI Holdings' Debt-to-EBITDA has ranged from 10.74 to 23.23. According to the industry distribution chart, SBI Holdings ranks #101 out of 120 companies in the Diversified Financial Services industry, placing it in the top 84.2%.
Is SBI Holdings' Debt-to-EBITDA too high?
SBI Holdings' current Debt-to-EBITDA of 35.66 is 106% above median its 10-year median of 17.34. Over the past 10 years, this metric has ranged from a low of 10.74 to a high of 23.23. The Diversified Financial Services industry median Debt-to-EBITDA is 5.76. SBI Holdings' value of 35.66 is 519.6% above this industry median. Based on the distribution chart, SBI Holdings ranks #101 out of 120 companies in the Diversified Financial Services industry, which is in the bottom quartile relative to peers. Overall, SBI Holdings has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does SBI Holdings' Debt-to-EBITDA compare to VOYA and FRHC?
According to the Diversified Financial Services industry distribution chart, SBI Holdings ranks #101 out of 120 companies for Debt-to-EBITDA. This places SBI Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 5.76. SBI Holdings' value of 35.66 is 519.6% above this benchmark. Historically, SBI Holdings' own Debt-to-EBITDA has ranged from 10.74 to 23.23 over the past decade. While the company's 10-year median is 17.34 vs. the industry median of 5.76, SBI Holdings 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 Diversified Financial Services company?
The median Debt-to-EBITDA among Diversified Financial Services companies is 5.76, based on 120 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. SBI Holdings's current Debt-to-EBITDA of 35.66 is 519.6% 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 SBI Holdings. For the Diversified Financial Services industry, the median Debt-to-EBITDA is 5.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SBI Holdings's current Debt-to-EBITDA is 35.66, which is 106% above median its own 10-year median of 17.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SBI Holdings stock overvalued right now?
Based on GuruFocus' analysis, SBI Holdings (FRA:ZOF) is currently considered Fairly Valued. The stock's GF Value™ is €13.35, compared to a current price of €14.33 — trading 7.3% above its estimated fair value. The current Debt-to-EBITDA is 35.66, which is 106% above median its 10-year median of 17.34 and 519.6% above the Diversified Financial Services industry median of 5.76. SBI Holdings' 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 SBI Holdings (FRA:ZOF), the current Debt-to-EBITDA is 35.66 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 SBI Holdings (FRA:ZOF) Overvalued in 2026?
Based on GuruFocus' analysis, SBI Holdings stock appears to be overvalued.
The current stock price of €14.33 is trading 7.3% above its estimated GF Value™ of €13.35.
GuruFocus considers SBI Holdings to be Fairly Valued.
Key valuation signals for FRA:ZOF:
Debt-to-EBITDA: 35.66 (106% above median its 10-year median of 17.34)
GF Value™: €13.35 vs. price of €14.33 (7.3% above fair value)
Industry Position: 519.6% above the Diversified Financial Services median (#101 of 120)
No single metric tells the full story. See the FRA:ZOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SBI Holdings Inc is a financial conglomerate that offers a variety of services in securities, banking, and insurance. The company operates through five segments. The Asset Management segment provides investment management, advice, and financial product information. The Crypto Asset segment offers crypto exchange and trading services. The Financial Services segment covers securities, banking, and insurance activities in Japan and abroad. The Investment segment invests in IT, fintech, blockchain, finance, and biotech ventures. The Next Generation Business develops and sells pharmaceuticals, health foods, and cosmetics, conducts R&D in cancer and immunology, offers digital medical solutions, and engages in medical finance. It generates majority of its revenue from Financial services segment.
73GF Score
Get the complete analysis for FRA:ZOF
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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