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Harley-DavidsonHOG -1.22%80 Debt-to-EBITDA is 6.13 as of Mar. 2026, which is 10% below its 10-year median of 6.82. GuruFocus rates HOG with a GF Score™ of 80/100 and a GF Value™ of $27.90 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 1,098 Vehicles & Parts companies, Harley-Davidson ranks worse than 72.4% 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 Harley-Davidson's Debt-to-EBITDA or its related term are showing as below:
HOG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.18 Med: 6.82 Max: 44.92
Current: 4.18
During the past 13 years, the highest Debt-to-EBITDA Ratio of Harley-Davidson was 44.92. The lowest was 4.18. And the median was 6.82.
HOG's Debt-to-EBITDA is ranked worse than 72.4% of 1098
companies
in the Vehicles & Parts industry
Industry Median: 2.25
vs HOG: 4.18
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.
Harley-Davidson Debt-to-EBITDA Related Terms
Harley-Davidson Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Harley-Davidson'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 Recreational Vehicles subindustry, Harley-Davidson'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.
Harley-Davidson Debt-to-EBITDA vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Harley-Davidson's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Harley-Davidson'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.
Harley-Davidson (HOG) has a Debt-to-EBITDA of 6.13 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 Harley-Davidson. This is 10% below median its historical median of 6.82. Over the past decade, Harley-Davidson's Debt-to-EBITDA has ranged from 4.18 to 44.92. According to the industry distribution chart, Harley-Davidson ranks #795 out of 1098 companies in the Vehicles & Parts industry, placing it in the top 72.4%.
Is Harley-Davidson's Debt-to-EBITDA too high?
Harley-Davidson's current Debt-to-EBITDA of 6.13 is 10% below median its 10-year median of 6.82. Over the past 10 years, this metric has ranged from a low of 4.18 to a high of 44.92. The Vehicles & Parts industry median Debt-to-EBITDA is 2.25. Harley-Davidson's value of 6.13 is 172.4% above this industry median. Based on the distribution chart, Harley-Davidson ranks #795 out of 1098 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Harley-Davidson has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Harley-Davidson's Debt-to-EBITDA compare to LCII and PATK?
According to the Vehicles & Parts industry distribution chart, Harley-Davidson ranks #795 out of 1098 companies for Debt-to-EBITDA. This places Harley-Davidson in the lower half of its industry. The industry median Debt-to-EBITDA is 2.25. Harley-Davidson's value of 6.13 is 172.4% above this benchmark. Historically, Harley-Davidson's own Debt-to-EBITDA has ranged from 4.18 to 44.92 over the past decade. While the company's 10-year median is 6.82 vs. the industry median of 2.25, Harley-Davidson 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 Vehicles & Parts company?
The median Debt-to-EBITDA among Vehicles & Parts companies is 2.25, based on 1,098 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. Harley-Davidson's current Debt-to-EBITDA of 6.13 is 172.4% 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 Harley-Davidson. For the Vehicles & Parts industry, the median Debt-to-EBITDA is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harley-Davidson's current Debt-to-EBITDA is 6.13, which is 10% below median its own 10-year median of 6.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harley-Davidson stock overvalued right now?
Based on GuruFocus' analysis, Harley-Davidson (HOG) is currently considered Modestly Undervalued. The stock's GF Value™ is $27.90, compared to a current price of $25.08 — trading 10.1% below its estimated fair value. The current Debt-to-EBITDA is 6.13, which is 10% below median its 10-year median of 6.82 and 172.4% above the Vehicles & Parts industry median of 2.25. Harley-Davidson's overall GF Score™ is 80/100 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 Harley-Davidson (HOG), the current Debt-to-EBITDA is 6.13 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 Harley-Davidson (HOG) Overvalued in 2026?
Based on GuruFocus' analysis, Harley-Davidson stock appears to be undervalued.
The current stock price of $25.08 is trading 10.1% below its estimated GF Value™ of $27.90.
GuruFocus considers Harley-Davidson to be Modestly Undervalued.
Key valuation signals for HOG:
Debt-to-EBITDA: 6.13 (10% below median its 10-year median of 6.82)
GF Value™: $27.90 vs. price of $25.08 (10.1% below fair value)
Industry Position: 172.4% above the Vehicles & Parts median (#795 of 1098)
No single metric tells the full story. See the HOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Harley-Davidson is a leading global manufacturer of heavyweight motorcycles across the custom, cruising, and touring categories, as well as related merchandise, parts, and accessories. In recent years, the firm has expanded into the adventure touring market with its Pan America model, into electric with the LiveWire brand, and is returning to smaller-displacement bikes with the Sprint. Its captive finance arm, Harley-Davidson Financial Services, provides wholesale financing to dealers and retail financing and insurance brokerage services to customers. Harley captured around 34% of the heavyweight domestic market in 2025.
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