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.
Hanwa CoHNWAF 55 Debt-to-EBITDA is 3.13 as of Mar. 2026, which is 51% below its 10-year median of 6.40. GuruFocus rates HNWAF with a GF Score™ of 55/100 and a GF Value™ of $7.62 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 459 Conglomerates companies, Hanwa Co ranks worse than 72.33% 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 Hanwa Co's Debt-to-EBITDA or its related term are showing as below:
HNWAF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -37.7 Med: 6.4 Max: 11.6
Current: 5.01
During the past 13 years, the highest Debt-to-EBITDA Ratio of Hanwa Co was 11.60. The lowest was -37.70. And the median was 6.40.
HNWAF's Debt-to-EBITDA is ranked worse than 72.33% of 459
companies
in the Conglomerates industry
Industry Median: 2.71
vs HNWAF: 5.01
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.
Hanwa Co Debt-to-EBITDA Related Terms
Hanwa Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Hanwa Co'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 Conglomerates subindustry, Hanwa Co'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.
Hanwa Co Debt-to-EBITDA vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Hanwa Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Hanwa Co'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.
Hanwa Co (HNWAF) has a Debt-to-EBITDA of 3.13 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 Hanwa Co. This is 51% below median its historical median of 6.40. According to the industry distribution chart, Hanwa Co ranks #332 out of 459 companies in the Conglomerates industry, placing it in the top 72.3%.
Is Hanwa Co's Debt-to-EBITDA too high?
Hanwa Co's current Debt-to-EBITDA of 3.13 is 51% below median its 10-year median of 6.40. The Conglomerates industry median Debt-to-EBITDA is 2.71. Hanwa Co's value of 3.13 is 15.5% above this industry median. Based on the distribution chart, Hanwa Co ranks #332 out of 459 companies in the Conglomerates industry, which is below the industry midpoint. Overall, Hanwa Co has a GF Score™ of 55/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hanwa Co's Debt-to-EBITDA compare to MMM and HON?
According to the Conglomerates industry distribution chart, Hanwa Co ranks #332 out of 459 companies for Debt-to-EBITDA. This places Hanwa Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.71. Hanwa Co's value of 3.13 is 15.5% above this benchmark. While the company's 10-year median is 6.40 vs. the industry median of 2.71, Hanwa Co 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 Conglomerates company?
The median Debt-to-EBITDA among Conglomerates companies is 2.71, based on 459 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. Hanwa Co's current Debt-to-EBITDA of 3.13 is 15.5% 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 Hanwa Co. For the Conglomerates industry, the median Debt-to-EBITDA is 2.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hanwa Co's current Debt-to-EBITDA is 3.13, which is 51% below median its own 10-year median of 6.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hanwa Co stock overvalued right now?
Based on GuruFocus' analysis, Hanwa Co (HNWAF) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.62, compared to a current price of $10.30 — trading 35.2% above its estimated fair value. The current Debt-to-EBITDA is 3.13, which is 51% below median its 10-year median of 6.40 and 15.5% above the Conglomerates industry median of 2.71. Hanwa Co's overall GF Score™ is 55/100 with 3 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 Hanwa Co (HNWAF), the current Debt-to-EBITDA is 3.13 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 Hanwa Co (HNWAF) Overvalued in 2026?
Based on GuruFocus' analysis, Hanwa Co stock appears to be overvalued.
The current stock price of $10.30 is trading 35.2% above its estimated GF Value™ of $7.62.
GuruFocus considers Hanwa Co to be Significantly Overvalued.
Key valuation signals for HNWAF:
Debt-to-EBITDA: 3.13 (51% below median its 10-year median of 6.40)
GF Value™: $7.62 vs. price of $10.30 (35.2% above fair value)
Industry Position: 15.5% above the Conglomerates median (#332 of 459)
No single metric tells the full story. See the HNWAF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hanwa Co Ltd is a Japan-based trading company with seven segments. The steel segment handles steel products and building materials. The metals and alloys segment supplies chromium, manganese, and other metals. The nonferrous metals segment recycles aluminum, copper, nickel, and chromium. The food products segment handles seafood. The petroleum and chemicals segment trades petroleum products and others. The overseas sales subsidiaries segment comprises Hanwa's overseas subsidiaries in North America and Asia. The other business segment imports forest products and handles amusement facilities and industrial machinery. Steel, petroleum and chemicals, and metals and alloys are the three largest segments by revenue contribution. Hanwa generates most of its revenue from Japanese domestic market.
55GF Score
Get the complete analysis for HNWAF
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
HNWAF has been successfully added to your 
