IHS (IHS Holding) Debt-to-EBITDA : 3.37 (As of Mar. 2026) — 33% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

IHS IHS Holding Ltd IHS
50 GF Score
Price $8.25
GF Value $4.17
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is IHS Holding Debt-to-EBITDA?

IHS Holding IHS +0.49% 50 Debt-to-EBITDA is 3.37 as of Mar. 2026, which is 33% below its 10-year median of 5.05. GuruFocus rates IHS with a GF Score™ of 50/100 and a GF Value™ of $4.17 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,272 Real Estate companies, IHS Holding ranks better than 67.53% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

IHS Holding's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $385 Mil. IHS Holding's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $3,117 Mil. IHS Holding's annualized EBITDA for the quarter that ended in Mar. 2026 was $1,040 Mil. IHS Holding's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.37.

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 IHS Holding's Debt-to-EBITDA or its related term are showing as below:

IHS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.78   Med: 5.05   Max: 15.63
Current: 3.01

During the past 8 years, the highest Debt-to-EBITDA Ratio of IHS Holding was 15.63. The lowest was -5.78. And the median was 5.05.

IHS's Debt-to-EBITDA is ranked better than
67.53% of 1272 companies
in the Real Estate industry
Industry Median: 5.625 vs IHS: 3.01

IHS Holding  (NYSE:IHS) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


IHS Holding Debt-to-EBITDA Related Terms


IHS Holding Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for IHS Holding'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.

IHS Holding Debt-to-EBITDA Chart

IHS Holding Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 5.05 15.63 -4.05 -5.78 2.53

IHS Holding Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.71 3.74 3.36 2.45 3.37

IHS vs NMRK, CWK, KW: Debt-to-EBITDA Comparison

For the Real Estate Services subindustry, IHS Holding'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.


IHS Holding Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, IHS Holding's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where IHS Holding's Debt-to-EBITDA falls into.


IHS
50GF Score
IHS Holding Ltd IHS
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

IHS Holding Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

IHS Holding's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(356.4 + 3153.7) / 1389.8
=2.53

IHS Holding's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(385.2 + 3116.9) / 1040.4
=3.37

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.37 mean?
IHS Holding (IHS) has a Debt-to-EBITDA of 3.37 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 IHS Holding. This is 33% below median its historical median of 5.05. According to the industry distribution chart, IHS Holding ranks #413 out of 1272 companies in the Real Estate industry, placing it in the top 32.5%.
Is IHS Holding's Debt-to-EBITDA too high?
IHS Holding's current Debt-to-EBITDA of 3.37 is 33% below median its 10-year median of 5.05. The Real Estate industry median Debt-to-EBITDA is 5.63. IHS Holding's value of 3.37 is 40.1% below this industry median. Based on the distribution chart, IHS Holding ranks #413 out of 1272 companies in the Real Estate industry, which is above the industry midpoint. Overall, IHS Holding has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does IHS Holding's Debt-to-EBITDA compare to NMRK and CWK?
According to the Real Estate industry distribution chart, IHS Holding ranks #413 out of 1272 companies for Debt-to-EBITDA. This puts IHS Holding in the upper half of its industry. The industry median Debt-to-EBITDA is 5.63. IHS Holding's value of 3.37 is 40.1% below this benchmark. While the company's 10-year median is 5.05 vs. the industry median of 5.63, IHS Holding has consistently been below 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.63, based on 1,272 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. IHS Holding's current Debt-to-EBITDA of 3.37 is 40.1% below 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 IHS Holding. For the Real Estate industry, the median Debt-to-EBITDA is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IHS Holding's current Debt-to-EBITDA is 3.37, which is 33% below median its own 10-year median of 5.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IHS Holding stock overvalued right now?
Based on GuruFocus' analysis, IHS Holding (IHS) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.17, compared to a current price of $8.25 — trading 97.8% above its estimated fair value. The current Debt-to-EBITDA is 3.37, which is 33% below median its 10-year median of 5.05 and 40.1% below the Real Estate industry median of 5.63. IHS Holding's overall GF Score™ is 50/100 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 IHS Holding (IHS), the current Debt-to-EBITDA is 3.37 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 IHS Holding (IHS) Overvalued in 2026?

Based on GuruFocus' analysis, IHS Holding stock appears to be overvalued. The current stock price of $8.25 is trading 97.8% above its estimated GF Value™ of $4.17. GuruFocus considers IHS Holding to be Significantly Overvalued.

Key valuation signals for IHS:

  • Debt-to-EBITDA: 3.37 (33% below median its 10-year median of 5.05)
  • GF Value™: $4.17 vs. price of $8.25 (97.8% above fair value)
  • GF Score™: 50/100 with 7 warning signs
  • Industry Position: 40.1% below the Real Estate median (#413 of 1272)

No single metric tells the full story. See the IHS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


IHS Holding Business Description

Other Exchanges 4JB:Germany
Address 123 Victoria Street, 1 Cathedral Piazza, London, GBR, SW1E 5BP
IHS Holding Ltd is an independent owner, operator, and developer of shared telecommunications infrastructure. The company provides telecommunications infrastructure to its customers, who are MNOs, who in turn provide wireless voice and data services to their end-users. Its geographical segments are Nigeria and Sub-Saharan Africa. The majority of its revenue is derived from Nigeria.
50GF Score

Get the complete analysis for IHS

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$8.25
Price
$4.17
GF Value