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InterContinental Hotels GroupICHGF 91 Debt-to-EBITDA is 3.73 as of Dec. 2025, which is 12% above its 10-year median of 3.34. GuruFocus rates ICHGF with a GF Score™ of 91/100 and a GF Value™ of $130.45 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 651 Travel & Leisure companies, InterContinental Hotels Group ranks worse than 60.06% 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 InterContinental Hotels Group's Debt-to-EBITDA or its related term are showing as below:
ICHGF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.08 Med: 3.34 Max: 136.03
Current: 3.26
During the past 13 years, the highest Debt-to-EBITDA Ratio of InterContinental Hotels Group was 136.03. The lowest was 2.08. And the median was 3.34.
ICHGF's Debt-to-EBITDA is ranked worse than 60.06% of 651
companies
in the Travel & Leisure industry
Industry Median: 2.51
vs ICHGF: 3.26
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.
InterContinental Hotels Group Debt-to-EBITDA Related Terms
InterContinental Hotels Group Debt-to-EBITDA Historical Data
* 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.
InterContinental Hotels Group Debt-to-EBITDA Chart
For the Lodging subindustry, InterContinental Hotels Group'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.
InterContinental Hotels Group Debt-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, InterContinental Hotels Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where InterContinental Hotels Group'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 two times the quarterly (Dec. 2025) EBITDA data.
InterContinental Hotels Group (ICHGF) has a Debt-to-EBITDA of 3.73 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on InterContinental Hotels Group. This is 12% above median its historical median of 3.34. Over the past decade, InterContinental Hotels Group's Debt-to-EBITDA has ranged from 2.08 to 136.03. According to the industry distribution chart, InterContinental Hotels Group ranks #391 out of 651 companies in the Travel & Leisure industry, placing it in the top 60.1%.
Is InterContinental Hotels Group's Debt-to-EBITDA too high?
InterContinental Hotels Group's current Debt-to-EBITDA of 3.73 is 12% above median its 10-year median of 3.34. Over the past 10 years, this metric has ranged from a low of 2.08 to a high of 136.03. The Travel & Leisure industry median Debt-to-EBITDA is 2.51. InterContinental Hotels Group's value of 3.73 is 48.6% above this industry median. Based on the distribution chart, InterContinental Hotels Group ranks #391 out of 651 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, InterContinental Hotels Group has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does InterContinental Hotels Group's Debt-to-EBITDA compare to MAR and HLT?
According to the Travel & Leisure industry distribution chart, InterContinental Hotels Group ranks #391 out of 651 companies for Debt-to-EBITDA. This places InterContinental Hotels Group in the lower half of its industry. The industry median Debt-to-EBITDA is 2.51. InterContinental Hotels Group's value of 3.73 is 48.6% above this benchmark. Historically, InterContinental Hotels Group's own Debt-to-EBITDA has ranged from 2.08 to 136.03 over the past decade. While the company's 10-year median is 3.34 vs. the industry median of 2.51, InterContinental Hotels Group 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 Travel & Leisure company?
The median Debt-to-EBITDA among Travel & Leisure companies is 2.51, based on 651 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. InterContinental Hotels Group's current Debt-to-EBITDA of 3.73 is 48.6% 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 InterContinental Hotels Group. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.51 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. InterContinental Hotels Group's current Debt-to-EBITDA is 3.73, which is 12% above median its own 10-year median of 3.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InterContinental Hotels Group stock overvalued right now?
Based on GuruFocus' analysis, InterContinental Hotels Group (ICHGF) is currently considered Modestly Overvalued. The stock's GF Value™ is $130.45, compared to a current price of $156.41 — trading 19.9% above its estimated fair value. The current Debt-to-EBITDA is 3.73, which is 12% above median its 10-year median of 3.34 and 48.6% above the Travel & Leisure industry median of 2.51. InterContinental Hotels Group's overall GF Score™ is 91/100 with 4 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 InterContinental Hotels Group (ICHGF), the current Debt-to-EBITDA is 3.73 as of Dec. 2025. 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 InterContinental Hotels Group (ICHGF) Overvalued in 2026?
Based on GuruFocus' analysis, InterContinental Hotels Group stock appears to be overvalued.
The current stock price of $156.41 is trading 19.9% above its estimated GF Value™ of $130.45.
GuruFocus considers InterContinental Hotels Group to be Modestly Overvalued.
Key valuation signals for ICHGF:
Debt-to-EBITDA: 3.73 (12% above median its 10-year median of 3.34)
GF Value™: $130.45 vs. price of $156.41 (19.9% above fair value)
Industry Position: 48.6% above the Travel & Leisure median (#391 of 651)
No single metric tells the full story. See the ICHGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
InterContinental Hotels Group operates 1 million rooms across 20 brands addressing the midscale through luxury segments, as of Dec. 31, 2025. Holiday Inn and Holiday Inn Express constitute the largest brand, while Hotel Indigo, Even, Hualuxe, Kimpton, and Voco are newer lifestyle brands experiencing strong demand. The company launched a midscale brand, Avid, in 2017 and closed on a 51% stake in Regent Hotels in 2018. It acquired Six Senses in 2019 and launched another midscale brand, Garner, in 2023, followed by a premium conversion brand, Noted Collections, in 2026. Managed and franchised represent 99% of total rooms. As of Dec. 31, 2025, the Americas represented 52% of total rooms, with Greater China accounting for 20% and Europe, Asia, the Middle East, and Africa making up 28%.
91GF Score
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