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.
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.
Horace Mann EducatorsHMN -1.14%69 Debt-to-EBITDA is 2.24 as of Mar. 2026, which is 11% below its 10-year median of 2.51. GuruFocus rates HMN with a GF Score™ of 69/100 and a GF Value™ of $43.53 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 321 Insurance companies, Horace Mann Educators ranks worse than 71.65% 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 Horace Mann Educators's Debt-to-EBITDA or its related term are showing as below:
HMN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.62 Med: 2.51 Max: 7.84
Current: 2.22
During the past 13 years, the highest Debt-to-EBITDA Ratio of Horace Mann Educators was 7.84. The lowest was 1.62. And the median was 2.51.
HMN's Debt-to-EBITDA is ranked worse than 71.65% of 321
companies
in the Insurance industry
Industry Median: 1.18
vs HMN: 2.22
Horace Mann Educators (NYSE:HMN) 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.
Horace Mann Educators Debt-to-EBITDA Related Terms
Horace Mann Educators Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Horace Mann Educators'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 Insurance - Property & Casualty subindustry, Horace Mann Educators'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.
Horace Mann Educators Debt-to-EBITDA vs Insurance Industry
For the Insurance industry and Financial Services sector, Horace Mann Educators's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Horace Mann Educators'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.
Horace Mann Educators (HMN) has a Debt-to-EBITDA of 2.24 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 Horace Mann Educators. This is 11% below median its historical median of 2.51. Over the past decade, Horace Mann Educators' Debt-to-EBITDA has ranged from 1.62 to 7.84. According to the industry distribution chart, Horace Mann Educators ranks #230 out of 321 companies in the Insurance industry, placing it in the top 71.7%.
Is Horace Mann Educators' Debt-to-EBITDA too high?
Horace Mann Educators' current Debt-to-EBITDA of 2.24 is 11% below median its 10-year median of 2.51. Over the past 10 years, this metric has ranged from a low of 1.62 to a high of 7.84. The Insurance industry median Debt-to-EBITDA is 1.18. Horace Mann Educators' value of 2.24 is 89.8% above this industry median. Based on the distribution chart, Horace Mann Educators ranks #230 out of 321 companies in the Insurance industry, which is below the industry midpoint. Overall, Horace Mann Educators has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horace Mann Educators' Debt-to-EBITDA compare to STC and SLDE?
According to the Insurance industry distribution chart, Horace Mann Educators ranks #230 out of 321 companies for Debt-to-EBITDA. This places Horace Mann Educators in the lower half of its industry. The industry median Debt-to-EBITDA is 1.18. Horace Mann Educators' value of 2.24 is 89.8% above this benchmark. Historically, Horace Mann Educators' own Debt-to-EBITDA has ranged from 1.62 to 7.84 over the past decade. While the company's 10-year median is 2.51 vs. the industry median of 1.18, Horace Mann Educators 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 an Insurance company?
The median Debt-to-EBITDA among Insurance companies is 1.18, based on 321 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. Horace Mann Educators's current Debt-to-EBITDA of 2.24 is 89.8% 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 Horace Mann Educators. For the Insurance industry, the median Debt-to-EBITDA is 1.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horace Mann Educators's current Debt-to-EBITDA is 2.24, which is 11% below median its own 10-year median of 2.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horace Mann Educators stock overvalued right now?
Based on GuruFocus' analysis, Horace Mann Educators (HMN) is currently considered Modestly Overvalued. The stock's GF Value™ is $43.53, compared to a current price of $51.14 — trading 17.5% above its estimated fair value. The current Debt-to-EBITDA is 2.24, which is 11% below median its 10-year median of 2.51 and 89.8% above the Insurance industry median of 1.18. Horace Mann Educators' overall GF Score™ is 69/100 with 8 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 Horace Mann Educators (HMN), the current Debt-to-EBITDA is 2.24 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 Horace Mann Educators (HMN) Overvalued in 2026?
Based on GuruFocus' analysis, Horace Mann Educators stock appears to be overvalued.
The current stock price of $51.14 is trading 17.5% above its estimated GF Value™ of $43.53.
GuruFocus considers Horace Mann Educators to be Modestly Overvalued.
Key valuation signals for HMN:
Debt-to-EBITDA: 2.24 (11% below median its 10-year median of 2.51)
GF Value™: $43.53 vs. price of $51.14 (17.5% above fair value)
Industry Position: 89.8% above the Insurance median (#230 of 321)
No single metric tells the full story. See the HMN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horace Mann Educators Corp is a diversified insurance holding company that markets and underwrites personal lines of property and casualty insurance, retirement annuities, and life insurance. The company's property and casualty operations focus on automobile and homeowner insurance, while the retirement annuities are tax-qualified products. Horace Mann Educators markets its products to kindergarten through 12th-grade teachers, administrators, and other employees of public schools and their families. The Company conducts and manages its business in four reporting segments: (1) Property & Casualty, (2) Life & Retirement, (3) Supplemental & Group Benefits and (4) Corporate & Other.
69GF Score
Get the complete analysis for HMN
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HMN has been successfully added to your 
