Gaming and Leisure PropertiesGLPI +0.60%84 Debt-to-EBITDA is 5.17 as of Mar. 2026, which is 12% below its 10-year median of 5.89. GuruFocus rates GLPI with a GF Score™ of 84/100 and a GF Value™ of $49.80 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 583 REITs companies, Gaming and Leisure Properties ranks better than 61.75% 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 Gaming and Leisure Properties's Debt-to-EBITDA or its related term are showing as below:
GLPI'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.96 Med: 5.89 Max: 7.9
Current: 5.31
During the past 13 years, the highest Debt-to-EBITDA Ratio of Gaming and Leisure Properties was 7.90. The lowest was 4.96. And the median was 5.89.
GLPI's Debt-to-EBITDA is ranked better than 61.75% of 583
companies
in the REITs industry
Industry Median: 6.49
vs GLPI: 5.31
Gaming and Leisure Properties (NAS:GLPI) 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.
Gaming and Leisure Properties Debt-to-EBITDA Related Terms
Gaming and Leisure Properties 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.
Gaming and Leisure Properties Debt-to-EBITDA Chart
For the REIT - Specialty subindustry, Gaming and Leisure Properties'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.
Gaming and Leisure Properties Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Gaming and Leisure Properties's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Gaming and Leisure Properties'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.
Gaming and Leisure Properties (GLPI) has a Debt-to-EBITDA of 5.17 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 Gaming and Leisure Properties. This is 12% below median its historical median of 5.89. Over the past decade, Gaming and Leisure Properties' Debt-to-EBITDA has ranged from 4.96 to 7.90. According to the industry distribution chart, Gaming and Leisure Properties ranks #223 out of 583 companies in the REITs industry, placing it in the top 38.3%.
Is Gaming and Leisure Properties' Debt-to-EBITDA too high?
Gaming and Leisure Properties' current Debt-to-EBITDA of 5.17 is 12% below median its 10-year median of 5.89. Over the past 10 years, this metric has ranged from a low of 4.96 to a high of 7.90. The REITs industry median Debt-to-EBITDA is 6.49. Gaming and Leisure Properties' value of 5.17 is 20.3% below this industry median. Based on the distribution chart, Gaming and Leisure Properties ranks #223 out of 583 companies in the REITs industry, which is above the industry midpoint. Overall, Gaming and Leisure Properties has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Gaming and Leisure Properties' Debt-to-EBITDA compare to LAMR and WY?
According to the REITs industry distribution chart, Gaming and Leisure Properties ranks #223 out of 583 companies for Debt-to-EBITDA. This puts Gaming and Leisure Properties in the upper half of its industry. The industry median Debt-to-EBITDA is 6.49. Gaming and Leisure Properties' value of 5.17 is 20.3% below this benchmark. Historically, Gaming and Leisure Properties' own Debt-to-EBITDA has ranged from 4.96 to 7.90 over the past decade. While the company's 10-year median is 5.89 vs. the industry median of 6.49, Gaming and Leisure Properties 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 REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 583 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. Gaming and Leisure Properties's current Debt-to-EBITDA of 5.17 is 20.3% 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 Gaming and Leisure Properties. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gaming and Leisure Properties's current Debt-to-EBITDA is 5.17, which is 12% below median its own 10-year median of 5.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gaming and Leisure Properties stock overvalued right now?
Based on GuruFocus' analysis, Gaming and Leisure Properties (GLPI) is currently considered Modestly Undervalued. The stock's GF Value™ is $49.80, compared to a current price of $43.95 — trading 11.7% below its estimated fair value. The current Debt-to-EBITDA is 5.17, which is 12% below median its 10-year median of 5.89 and 20.3% below the REITs industry median of 6.49. Gaming and Leisure Properties' overall GF Score™ is 84/100 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 Gaming and Leisure Properties (GLPI), the current Debt-to-EBITDA is 5.17 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 Gaming and Leisure Properties (GLPI) Overvalued in 2026?
Based on GuruFocus' analysis, Gaming and Leisure Properties stock appears to be undervalued.
The current stock price of $43.95 is trading 11.7% below its estimated GF Value™ of $49.80.
GuruFocus considers Gaming and Leisure Properties to be Modestly Undervalued.
Key valuation signals for GLPI:
Debt-to-EBITDA: 5.17 (12% below median its 10-year median of 5.89)
GF Value™: $49.80 vs. price of $43.95 (11.7% below fair value)
Industry Position: 20.3% below the REITs median (#223 of 583)
No single metric tells the full story. See the GLPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Gaming and Leisure Properties Business Description
Gaming and Leisure Properties Inc, or GLP, is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). It is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company also extends loans that produce fixed or variable returns, which may convert into leased rent upon project completion or stabilization. Its portfolio consists of gaming and related facilities and amenities such as Ameristar Black Hawk, Bally's Casino, Argosy Casino Alton, Bally's Chicago, Hollywood Casino Aurora, and others located across different states in the United States.
84GF Score
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