Imax (IMAX) Debt-to-EBITDA : 2.84 (As of Mar. 2026) — 131% Above Median


IMAX Imax Corp IMAX
72 GF Score
Price $39.88
GF Value $26.82
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Imax Debt-to-EBITDA?

Imax IMAX -1.29% 72 Debt-to-EBITDA is 2.84 as of Mar. 2026, which is 131% above its 10-year median of 1.23. GuruFocus rates IMAX with a GF Score™ of 72/100 and a GF Value™ of $26.82 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 677 Media - Diversified companies, Imax ranks worse than 59.23% on this metric.

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

Imax's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $46.7 Mil. Imax's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $244.1 Mil. Imax's annualized EBITDA for the quarter that ended in Mar. 2026 was $102.5 Mil. Imax's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.84.

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

IMAX' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.4   Med: 1.23   Max: 4.98
Current: 2.3

During the past 13 years, the highest Debt-to-EBITDA Ratio of Imax was 4.98. The lowest was -4.40. And the median was 1.23.

IMAX's Debt-to-EBITDA is ranked worse than
59.23% of 677 companies
in the Media - Diversified industry
Industry Median: 1.68 vs IMAX: 2.30

Imax  (NYSE:IMAX) 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.


Imax Debt-to-EBITDA Related Terms


Imax Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Imax'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.

Imax Debt-to-EBITDA Chart

Imax Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.05 4.98 2.23 2.39 2.09

Imax 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 2.17 2.22 1.42 2.85 2.84

IMAX vs AMC, BATRA, IQ: Debt-to-EBITDA Comparison

For the Entertainment subindustry, Imax'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.


Imax Debt-to-EBITDA vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Imax's Debt-to-EBITDA distribution charts can be found below:

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


IMAX
72GF Score
Imax Corp IMAX
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Imax Debt-to-EBITDA Calculation

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

Imax'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
=(34.577 + 244.034) / 133.101
=2.09

Imax'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
=(46.702 + 244.128) / 102.496
=2.84

* 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 2.84 mean?
Imax (IMAX) has a Debt-to-EBITDA of 2.84 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 Imax. This is 131% above median its historical median of 1.23. According to the industry distribution chart, Imax ranks #401 out of 677 companies in the Media - Diversified industry, placing it in the top 59.2%.
Is Imax's Debt-to-EBITDA too high?
Imax's current Debt-to-EBITDA of 2.84 is 131% above median its 10-year median of 1.23. The Media - Diversified industry median Debt-to-EBITDA is 1.68. Imax's value of 2.84 is 69% above this industry median. Based on the distribution chart, Imax ranks #401 out of 677 companies in the Media - Diversified industry, which is below the industry midpoint. Overall, Imax has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Imax's Debt-to-EBITDA compare to AMC and BATRA?
According to the Media - Diversified industry distribution chart, Imax ranks #401 out of 677 companies for Debt-to-EBITDA. This places Imax in the lower half of its industry. The industry median Debt-to-EBITDA is 1.68. Imax's value of 2.84 is 69% above this benchmark. While the company's 10-year median is 1.23 vs. the industry median of 1.68, Imax 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 Media - Diversified company?
The median Debt-to-EBITDA among Media - Diversified companies is 1.68, based on 677 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. Imax's current Debt-to-EBITDA of 2.84 is 69% 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 Imax. For the Media - Diversified industry, the median Debt-to-EBITDA is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Imax's current Debt-to-EBITDA is 2.84, which is 131% above median its own 10-year median of 1.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Imax stock overvalued right now?
Based on GuruFocus' analysis, Imax (IMAX) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.82, compared to a current price of $39.88 — trading 48.7% above its estimated fair value. The current Debt-to-EBITDA is 2.84, which is 131% above median its 10-year median of 1.23 and 69% above the Media - Diversified industry median of 1.68. Imax's overall GF Score™ is 72/100 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 Imax (IMAX), the current Debt-to-EBITDA is 2.84 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 Imax (IMAX) Overvalued in 2026?

Based on GuruFocus' analysis, Imax stock appears to be overvalued. The current stock price of $39.88 is trading 48.7% above its estimated GF Value™ of $26.82. GuruFocus considers Imax to be Significantly Overvalued.

Key valuation signals for IMAX:

  • Debt-to-EBITDA: 2.84 (131% above median its 10-year median of 1.23)
  • GF Value™: $26.82 vs. price of $39.88 (48.7% above fair value)
  • GF Score™: 72/100 with 3 warning signs
  • Industry Position: 69% above the Media - Diversified median (#401 of 677)

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


Imax Business Description

Other Exchanges IMA:Germany
Address 2525 Speakman Drive, Mississauga, ON, CAN, L5K 1B1
Imax Corp is a technology platform for entertainment and events. Through its proprietary software, auditorium architecture, patented intellectual property, and specialized equipment, IMAX offers end-to-end solution to create superior, immersive content experiences for which the IMAX brand is globally renowned. The Company has two reportable segments being Content Solutions and Technology Products and Services. The Company leverages its proprietary technology and engineering in all aspects of its business, which principally consists of the IMAX film remastering and the sale or lease of premium IMAX theater systems.
72GF Score

Get the complete analysis for IMAX

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

$39.88
Price
$26.82
GF Value