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InpexIPXHF 67 Debt-to-EBITDA is 1.09 as of Dec. 2025, which is 26% below its 10-year median of 1.48. GuruFocus rates IPXHF with a GF Score™ of 67/100 and a GF Value™ of $10.77 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 705 Oil & Gas companies, Inpex ranks better than 68.37% 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 Inpex's Debt-to-EBITDA or its related term are showing as below:
IPXHF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.6 Med: 1.48 Max: 4.62
Current: 1.11
During the past 13 years, the highest Debt-to-EBITDA Ratio of Inpex was 4.62. The lowest was 0.60. And the median was 1.48.
IPXHF's Debt-to-EBITDA is ranked better than 68.37% of 705
companies
in the Oil & Gas industry
Industry Median: 2.01
vs IPXHF: 1.11
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.
Inpex Debt-to-EBITDA Related Terms
Inpex Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Inpex'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.
IPXHF vs COP, EOG, FANG: Debt-to-EBITDA Comparison
For the Oil & Gas E&P subindustry, Inpex'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.
Inpex Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Inpex's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Inpex'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 (Dec. 2025) EBITDA data.
Inpex (IPXHF) has a Debt-to-EBITDA of 1.09 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 Inpex. This is 26% below median its historical median of 1.48. Over the past decade, Inpex's Debt-to-EBITDA has ranged from 0.60 to 4.62. According to the industry distribution chart, Inpex ranks #223 out of 705 companies in the Oil & Gas industry, placing it in the top 31.6%.
Is Inpex's Debt-to-EBITDA too high?
Inpex's current Debt-to-EBITDA of 1.09 is 26% below median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.60 to a high of 4.62. The Oil & Gas industry median Debt-to-EBITDA is 2.01. Inpex's value of 1.09 is 45.8% below this industry median. Based on the distribution chart, Inpex ranks #223 out of 705 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Inpex has a GF Score™ of 67/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Inpex's Debt-to-EBITDA compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Inpex ranks #223 out of 705 companies for Debt-to-EBITDA. This puts Inpex in the upper half of its industry. The industry median Debt-to-EBITDA is 2.01. Inpex's value of 1.09 is 45.8% below this benchmark. Historically, Inpex's own Debt-to-EBITDA has ranged from 0.60 to 4.62 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 2.01, Inpex 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 an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.01, based on 705 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. Inpex's current Debt-to-EBITDA of 1.09 is 45.8% 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 Inpex. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.01 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Inpex's current Debt-to-EBITDA is 1.09, which is 26% below median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Inpex stock overvalued right now?
Based on GuruFocus' analysis, Inpex (IPXHF) is currently considered Significantly Overvalued. The stock's GF Value™ is $10.77, compared to a current price of $19.76 — trading 83.5% above its estimated fair value. The current Debt-to-EBITDA is 1.09, which is 26% below median its 10-year median of 1.48 and 45.8% below the Oil & Gas industry median of 2.01. Inpex's overall GF Score™ is 67/100 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 Inpex (IPXHF), the current Debt-to-EBITDA is 1.09 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 Inpex (IPXHF) Overvalued in 2026?
Based on GuruFocus' analysis, Inpex stock appears to be overvalued.
The current stock price of $19.76 is trading 83.5% above its estimated GF Value™ of $10.77.
GuruFocus considers Inpex to be Significantly Overvalued.
Key valuation signals for IPXHF:
Debt-to-EBITDA: 1.09 (26% below median its 10-year median of 1.48)
GF Value™: $10.77 vs. price of $19.76 (83.5% above fair value)
Industry Position: 45.8% below the Oil & Gas median (#223 of 705)
No single metric tells the full story. See the IPXHF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Headquartered in Tokyo, Inpex was founded in 2008 through a merger with Teikoku Oil. The precursor Inpex began life in 1966 as North Sumatra Offshore Petroleum Exploration and discovered the Attaka field in Indonesia in 1970 before acquiring the ADMA Block offshore the United Arab Emirates in 1973 and then discovering the Kashagan oilfield in Kazakhstan and Ichthys and Abadi gasfields in the Timor Sea in 2000. Teikoku Oil was founded in 1941 as a semigovernment entity and discovered Japan's largest natural gas reserves in Minami-Nagaoka in 1979. Inpex is Japan's largest hydrocarbon producer, with oil and gas projects across multiple continents. It produces around 230 million barrels of oil equivalent per year and has 6.2 billion barrels of oil equivalent in proven and probable reserves.
67GF Score
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