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.
ICF InternationalICFI -1.28%84 Debt-to-EBITDA is 2.67 as of Jun. 2026, which is 4% below its 10-year median of 2.78. GuruFocus rates ICFI with a GF Score™ of 84/100 and a GF Value™ of $102.03 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 833 Business Services companies, ICF International ranks worse than 69.39% 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 ICF International's Debt-to-EBITDA or its related term are showing as below:
ICFI'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.69 Med: 2.78 Max: 4.94
Current: 2.88
During the past 13 years, the highest Debt-to-EBITDA Ratio of ICF International was 4.94. The lowest was 1.69. And the median was 2.78.
ICFI's Debt-to-EBITDA is ranked worse than 69.39% of 833
companies
in the Business Services industry
Industry Median: 1.67
vs ICFI: 2.88
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.
ICF International Debt-to-EBITDA Related Terms
ICF International Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for ICF International'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.
ICFI vs CRAI, HURN, ROMA: Debt-to-EBITDA Comparison
For the Consulting Services subindustry, ICF International'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.
ICF International Debt-to-EBITDA vs Business Services Industry
For the Business Services industry and Industrials sector, ICF International's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where ICF International'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 (Jun. 2026) EBITDA data.
ICF International (ICFI) has a Debt-to-EBITDA of 2.67 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on ICF International. This is near median its historical median of 2.78. Over the past decade, ICF International's Debt-to-EBITDA has ranged from 1.69 to 4.94. According to the industry distribution chart, ICF International ranks #578 out of 833 companies in the Business Services industry, placing it in the top 69.4%.
Is ICF International's Debt-to-EBITDA too high?
ICF International's current Debt-to-EBITDA of 2.67 is near median its 10-year median of 2.78. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 4.94. The Business Services industry median Debt-to-EBITDA is 1.67. ICF International's value of 2.67 is 59.9% above this industry median. Based on the distribution chart, ICF International ranks #578 out of 833 companies in the Business Services industry, which is below the industry midpoint. Overall, ICF International has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does ICF International's Debt-to-EBITDA compare to CRAI and HURN?
According to the Business Services industry distribution chart, ICF International ranks #578 out of 833 companies for Debt-to-EBITDA. This places ICF International in the lower half of its industry. The industry median Debt-to-EBITDA is 1.67. ICF International's value of 2.67 is 59.9% above this benchmark. Historically, ICF International's own Debt-to-EBITDA has ranged from 1.69 to 4.94 over the past decade. While the company's 10-year median is 2.78 vs. the industry median of 1.67, ICF International 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 Business Services company?
The median Debt-to-EBITDA among Business Services companies is 1.67, based on 833 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. ICF International's current Debt-to-EBITDA of 2.67 is 59.9% 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 ICF International. For the Business Services industry, the median Debt-to-EBITDA is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ICF International's current Debt-to-EBITDA is 2.67, which is near median its own 10-year median of 2.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ICF International stock overvalued right now?
Based on GuruFocus' analysis, ICF International (ICFI) is currently considered Modestly Undervalued. The stock's GF Value™ is $102.03, compared to a current price of $88.84 — trading 12.9% below its estimated fair value. The current Debt-to-EBITDA is 2.67, which is near median its 10-year median of 2.78 and 59.9% above the Business Services industry median of 1.67. ICF International's 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 ICF International (ICFI), the current Debt-to-EBITDA is 2.67 as of Jun. 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 ICF International (ICFI) Overvalued in 2026?
Based on GuruFocus' analysis, ICF International stock appears to be undervalued.
The current stock price of $88.84 is trading 12.9% below its estimated GF Value™ of $102.03.
GuruFocus considers ICF International to be Modestly Undervalued.
Key valuation signals for ICFI:
Debt-to-EBITDA: 2.67 (near median its 10-year median of 2.78)
GF Value™: $102.03 vs. price of $88.84 (12.9% below fair value)
Industry Position: 59.9% above the Business Services median (#578 of 833)
No single metric tells the full story. See the ICFI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
ICF International Inc provides professional services and technology-based solutions, including management, technology and policy consulting and implementation services, to government and commercial clients in the U.S. and internationally. Its government clients include U.S. federal agencies, state and local governments and international governments, as well as commercial clients inside and outside the U.S. It supports clients in Energy, Environment, Infrastructure and Disaster Recovery; Health and Social Programs; and Security and Other Civilian and Commercial markets. The company delivers services across the life cycle of a policy, program or project through Advisory Services, Program Implementation, Analytics Services, Digital Services and Engagement Services.
84GF Score
Get the complete analysis for ICFI
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
ICFI has been successfully added to your 
