JFEEF (JFE Holdings) Debt-to-EBITDA : 29.87 (As of Mar. 2026) — 639% Above 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.

JFEEF JFE Holdings Inc JFEEF
63 GF Score
Price $9.90
GF Value $9.88
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is JFE Holdings Debt-to-EBITDA?

JFE Holdings JFEEF 63 Debt-to-EBITDA is 29.87 as of Mar. 2026, which is 639% above its 10-year median of 4.04. GuruFocus rates JFEEF with a GF Score™ of 63/100 and a GF Value™ of $9.88 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 493 Steel companies, JFE Holdings ranks worse than 90.87% on this metric.

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

JFE Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $2,794 Mil. JFE Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $9,554 Mil. JFE Holdings's annualized EBITDA for the quarter that ended in Mar. 2026 was $413 Mil. JFE Holdings's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 29.87.

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

JFEEF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.83   Med: 4.04   Max: 54.36
Current: 16.64

During the past 13 years, the highest Debt-to-EBITDA Ratio of JFE Holdings was 54.36. The lowest was 2.83. And the median was 4.04.

JFEEF's Debt-to-EBITDA is ranked worse than
90.87% of 493 companies
in the Steel industry
Industry Median: 2.85 vs JFEEF: 16.64

JFE Holdings  (OTCPK:JFEEF) 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.


JFE Holdings Debt-to-EBITDA Related Terms


JFE Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for JFE Holdings'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.

JFE Holdings Debt-to-EBITDA Chart

JFE Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.83 3.74 3.23 4.12 16.64

JFE Holdings 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 1.65 28.37 2.81 -5.85 29.87

JFEEF vs NUE, STLD, RS: Debt-to-EBITDA Comparison

For the Steel subindustry, JFE Holdings'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.


JFE Holdings Debt-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, JFE Holdings's Debt-to-EBITDA distribution charts can be found below:

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


JFEEF
63GF Score
JFE Holdings Inc JFEEF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JFE Holdings Debt-to-EBITDA Calculation

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

JFE Holdings's Debt-to-EBITDA for the fiscal year 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
=(2793.669 + 9554.148) / 742.299
=16.63

JFE Holdings'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
=(2793.669 + 9554.148) / 413.328
=29.87

* 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 29.87 mean?
JFE Holdings (JFEEF) has a Debt-to-EBITDA of 29.87 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 JFE Holdings. This is 639% above median its historical median of 4.04. Over the past decade, JFE Holdings' Debt-to-EBITDA has ranged from 2.83 to 54.36. According to the industry distribution chart, JFE Holdings ranks #448 out of 493 companies in the Steel industry, placing it in the top 90.9%.
Is JFE Holdings' Debt-to-EBITDA too high?
JFE Holdings' current Debt-to-EBITDA of 29.87 is 639% above median its 10-year median of 4.04. Over the past 10 years, this metric has ranged from a low of 2.83 to a high of 54.36. The Steel industry median Debt-to-EBITDA is 2.85. JFE Holdings' value of 29.87 is 948.1% above this industry median. Based on the distribution chart, JFE Holdings ranks #448 out of 493 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, JFE Holdings has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does JFE Holdings' Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, JFE Holdings ranks #448 out of 493 companies for Debt-to-EBITDA. This places JFE Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 2.85. JFE Holdings' value of 29.87 is 948.1% above this benchmark. Historically, JFE Holdings' own Debt-to-EBITDA has ranged from 2.83 to 54.36 over the past decade. While the company's 10-year median is 4.04 vs. the industry median of 2.85, JFE Holdings 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 Steel company?
The median Debt-to-EBITDA among Steel companies is 2.85, based on 493 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. JFE Holdings's current Debt-to-EBITDA of 29.87 is 948.1% 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 JFE Holdings. For the Steel industry, the median Debt-to-EBITDA is 2.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JFE Holdings's current Debt-to-EBITDA is 29.87, which is 639% above median its own 10-year median of 4.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JFE Holdings stock overvalued right now?
Based on GuruFocus' analysis, JFE Holdings (JFEEF) is currently considered Modestly Undervalued. The stock's GF Value™ is $9.88, compared to a current price of $9.90 — trading 0.2% above its estimated fair value. The current Debt-to-EBITDA is 29.87, which is 639% above median its 10-year median of 4.04 and 948.1% above the Steel industry median of 2.85. JFE Holdings' overall GF Score™ is 63/100 with 6 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 JFE Holdings (JFEEF), the current Debt-to-EBITDA is 29.87 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 JFE Holdings (JFEEF) Overvalued in 2026?

Based on GuruFocus' analysis, JFE Holdings stock appears to be overvalued. The current stock price of $9.90 is trading 0.2% above its estimated GF Value™ of $9.88. GuruFocus considers JFE Holdings to be Modestly Undervalued.

Key valuation signals for JFEEF:

  • Debt-to-EBITDA: 29.87 (639% above median its 10-year median of 4.04)
  • GF Value™: $9.88 vs. price of $9.90 (0.2% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 948.1% above the Steel median (#448 of 493)

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


JFE Holdings Business Description

Other Exchanges 5411:JapanJFR:Germany
Address 2-2-3 Uchisaiwaicho, 28th Floor, Hibiya International Building, Chiyoda-ku, Tokyo, JPN, 100-0011
JFE Holdings Inc is a Japan-based company engaged in the manufacture and sale of steel and related products. The company operates its business through three segments. The Engineering segment covers energy, urban environment, steel structure, and industrial machinery projects, along with recycling and electricity retail businesses. The Iron and Steel segment manufactures and sells steel products, processed steel products, raw materials, and engages in related services such as transportation, equipment maintenance, and construction. The Trading Company segment handles steel products, steelmaking raw materials, non-ferrous metals, foodstuffs, and other trading activities. It generates the majority of its revenue from the Iron and steel segment.
63GF Score

Get the complete analysis for JFEEF

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

$9.90
Price
$9.88
GF Value