GPEAF (Great Portland Estates) Debt-to-EBITDA : 4.39 (As of Mar. 2026) — 14% Above 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.

GPEAF Great Portland Estates PLC GPEAF
66 GF Score
Price $4.01
GF Value $4.22
Valuation Fairly Valued
! 9 Warning Signs
View Full Analysis

What is Great Portland Estates Debt-to-EBITDA?

Great Portland Estates GPEAF 66 Debt-to-EBITDA is 4.39 as of Mar. 2026, which is 14% above its 10-year median of 3.85. GuruFocus rates GPEAF with a GF Score™ of 66/100 and a GF Value™ of $4.22 (Fairly Valued). The stock has 9 warning signs investors should review. Among 578 REITs companies, Great Portland Estates ranks better than 61.59% on this metric.

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

Great Portland Estates's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $0.0 Mil. Great Portland Estates's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $1,170.7 Mil. Great Portland Estates's annualized EBITDA for the quarter that ended in Mar. 2026 was $266.7 Mil. Great Portland Estates's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 4.39.

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 Great Portland Estates's Debt-to-EBITDA or its related term are showing as below:

GPEAF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.41   Med: 3.85   Max: 8.22
Current: 5.35

During the past 13 years, the highest Debt-to-EBITDA Ratio of Great Portland Estates was 8.22. The lowest was -4.41. And the median was 3.85.

GPEAF's Debt-to-EBITDA is ranked better than
61.59% of 578 companies
in the REITs industry
Industry Median: 6.51 vs GPEAF: 5.35

Great Portland Estates  (OTCPK:GPEAF) 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.


Great Portland Estates Debt-to-EBITDA Related Terms


Great Portland Estates Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Great Portland Estates'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.

Great Portland Estates Debt-to-EBITDA Chart

Great Portland Estates 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 3.32 -3.50 -2.83 7.07 5.35

Great Portland Estates Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 -9.40 11.21 4.94 8.47 4.39

GPEAF vs BXP, ARE, VNO: Debt-to-EBITDA Comparison

For the REIT - Office subindustry, Great Portland Estates'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.


Great Portland Estates Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Great Portland Estates's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Great Portland Estates's Debt-to-EBITDA falls into.


GPEAF
66GF Score
Great Portland Estates PLC GPEAF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Great Portland Estates Debt-to-EBITDA Calculation

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

Great Portland Estates'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
=(0 + 1170.667) / 218.933
=5.35

Great Portland Estates'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
=(0 + 1170.667) / 266.666
=4.39

* 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 two times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 4.39 mean?
Great Portland Estates (GPEAF) has a Debt-to-EBITDA of 4.39 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 Great Portland Estates. This is 14% above median its historical median of 3.85. According to the industry distribution chart, Great Portland Estates ranks #222 out of 578 companies in the REITs industry, placing it in the top 38.4%.
Is Great Portland Estates' Debt-to-EBITDA too high?
Great Portland Estates' current Debt-to-EBITDA of 4.39 is 14% above median its 10-year median of 3.85. The REITs industry median Debt-to-EBITDA is 6.51. Great Portland Estates' value of 4.39 is 32.6% below this industry median. Based on the distribution chart, Great Portland Estates ranks #222 out of 578 companies in the REITs industry, which is above the industry midpoint. Overall, Great Portland Estates has a GF Score™ of 66/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Great Portland Estates' Debt-to-EBITDA compare to BXP and ARE?
According to the REITs industry distribution chart, Great Portland Estates ranks #222 out of 578 companies for Debt-to-EBITDA. This puts Great Portland Estates in the upper half of its industry. The industry median Debt-to-EBITDA is 6.51. Great Portland Estates' value of 4.39 is 32.6% below this benchmark. While the company's 10-year median is 3.85 vs. the industry median of 6.51, Great Portland Estates 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 6.51, based on 578 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. Great Portland Estates's current Debt-to-EBITDA of 4.39 is 32.6% 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 Great Portland Estates. For the REITs industry, the median Debt-to-EBITDA is 6.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Great Portland Estates's current Debt-to-EBITDA is 4.39, which is 14% above median its own 10-year median of 3.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Great Portland Estates stock overvalued right now?
Based on GuruFocus' analysis, Great Portland Estates (GPEAF) is currently considered Fairly Valued. The stock's GF Value™ is $4.22, compared to a current price of $4.01 — trading 5% below its estimated fair value. The current Debt-to-EBITDA is 4.39, which is 14% above median its 10-year median of 3.85 and 32.6% below the REITs industry median of 6.51. Great Portland Estates' overall GF Score™ is 66/100 with 9 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 Great Portland Estates (GPEAF), the current Debt-to-EBITDA is 4.39 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 Great Portland Estates (GPEAF) Overvalued in 2026?

Based on GuruFocus' analysis, Great Portland Estates stock appears to be undervalued. The current stock price of $4.01 is trading 5% below its estimated GF Value™ of $4.22. GuruFocus considers Great Portland Estates to be Fairly Valued.

Key valuation signals for GPEAF:

  • Debt-to-EBITDA: 4.39 (14% above median its 10-year median of 3.85)
  • GF Value™: $4.22 vs. price of $4.01 (5% below fair value)
  • GF Score™: 66/100 with 9 warning signs
  • Industry Position: 32.6% below the REITs median (#222 of 578)

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


Great Portland Estates Business Description

Industry Real EstateREITs
Other Exchanges GPEl:UKGPE:UKG9KB:Germany
Address 33 Cavendish Square, London, GBR, W1G 0PW
Great Portland Estates PLC is a United Kingdom-based property investment and development company. The company invests in and develops central London real estate. The company's property portfolio includes 35 Portman Square, Orchard Court, One Chapel Place, 23/24 Newman Street, The Courtyard, Whittington House, 10 South Crescent, Pollen House, 141 Wardour Street, Soho Square Estate, SIX St Andrew Street, The Hickman, City Tower, and others. Its segments include Fully Managed offices, which generate maximum revenue, including joint ventures, and Group Fully Managed offices.
66GF Score

Get the complete analysis for GPEAF

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

$4.01
Price
$4.22
GF Value