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Combined Motor HoldingsJSE:CMH -2.08%92 Debt-to-EBITDA is 2.34 as of Feb. 2026, which is 34% above its 10-year median of 1.74. GuruFocus rates JSE:CMH with a GF Score™ of 92/100 and a GF Value™ of R39.34 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,107 Vehicles & Parts companies, Combined Motor Holdings ranks worse than 56.1% 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 Combined Motor Holdings's Debt-to-EBITDA or its related term are showing as below:
JSE:CMH'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.55 Med: 1.74 Max: 2.63
Current: 2.63
During the past 13 years, the highest Debt-to-EBITDA Ratio of Combined Motor Holdings was 2.63. The lowest was 1.55. And the median was 1.74.
JSE:CMH's Debt-to-EBITDA is ranked worse than 56.1% of 1107
companies
in the Vehicles & Parts industry
Industry Median: 2.28
vs JSE:CMH: 2.63
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.
Combined Motor Holdings Debt-to-EBITDA Related Terms
Combined Motor Holdings 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.
JSE:CMH vs CVNA, PAG, KMX: Debt-to-EBITDA Comparison
For the Auto & Truck Dealerships subindustry, Combined Motor 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.
Combined Motor Holdings Debt-to-EBITDA vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Combined Motor Holdings's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Combined Motor Holdings'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 (Feb. 2026) EBITDA data.
Combined Motor Holdings (JSE:CMH) has a Debt-to-EBITDA of 2.34 as of Feb. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Combined Motor Holdings. This is 34% above median its historical median of 1.74. Over the past decade, Combined Motor Holdings' Debt-to-EBITDA has ranged from 1.55 to 2.63. According to the industry distribution chart, Combined Motor Holdings ranks #621 out of 1107 companies in the Vehicles & Parts industry, placing it in the top 56.1%.
Is Combined Motor Holdings' Debt-to-EBITDA too high?
Combined Motor Holdings' current Debt-to-EBITDA of 2.34 is 34% above median its 10-year median of 1.74. Over the past 10 years, this metric has ranged from a low of 1.55 to a high of 2.63. The Vehicles & Parts industry median Debt-to-EBITDA is 2.28. Combined Motor Holdings' value of 2.34 is 2.6% above this industry median. Based on the distribution chart, Combined Motor Holdings ranks #621 out of 1107 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, Combined Motor Holdings has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Combined Motor Holdings' Debt-to-EBITDA compare to CVNA and PAG?
According to the Vehicles & Parts industry distribution chart, Combined Motor Holdings ranks #621 out of 1107 companies for Debt-to-EBITDA. This places Combined Motor Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 2.28. Combined Motor Holdings' value of 2.34 is 2.6% above this benchmark. Historically, Combined Motor Holdings' own Debt-to-EBITDA has ranged from 1.55 to 2.63 over the past decade. While the company's 10-year median is 1.74 vs. the industry median of 2.28, Combined Motor 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 Vehicles & Parts company?
The median Debt-to-EBITDA among Vehicles & Parts companies is 2.28, based on 1,107 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. Combined Motor Holdings's current Debt-to-EBITDA of 2.34 is 2.6% 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 Combined Motor Holdings. For the Vehicles & Parts industry, the median Debt-to-EBITDA is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Combined Motor Holdings's current Debt-to-EBITDA is 2.34, which is 34% above median its own 10-year median of 1.74. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Combined Motor Holdings stock overvalued right now?
Based on GuruFocus' analysis, Combined Motor Holdings (JSE:CMH) is currently considered Fairly Valued. The stock's GF Value™ is R39.34, compared to a current price of R38.20 — trading 2.9% below its estimated fair value. The current Debt-to-EBITDA is 2.34, which is 34% above median its 10-year median of 1.74 and 2.6% above the Vehicles & Parts industry median of 2.28. Combined Motor Holdings' overall GF Score™ is 92/100 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 Combined Motor Holdings (JSE:CMH), the current Debt-to-EBITDA is 2.34 as of Feb. 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 Combined Motor Holdings (JSE:CMH) Overvalued in 2026?
Based on GuruFocus' analysis, Combined Motor Holdings stock appears to be undervalued.
The current stock price of R38.20 is trading 2.9% below its estimated GF Value™ of R39.34.
GuruFocus considers Combined Motor Holdings to be Fairly Valued.
Key valuation signals for JSE:CMH:
Debt-to-EBITDA: 2.34 (34% above median its 10-year median of 1.74)
GF Value™: R39.34 vs. price of R38.20 (2.9% below fair value)
Industry Position: 2.6% above the Vehicles & Parts median (#621 of 1107)
No single metric tells the full story. See the JSE:CMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Combined Motor Holdings Ltd is a South Africa-based investment holding company engaged in motor retail and distribution, car hire, and financial services. The Company operates through four business segments: Motor Retail and Distribution, which generates maximum revenue and covers passenger, light commercial, and heavy commercial vehicles in both the volume and luxury categories; Car Hire, which offers a range of well-maintained vehicles for short- and long-term hire; Financial Services, which provides insurance underwriting facilities for products sold with new and used vehicles, including coverage for death, disability, dread disease, retrenchment, vehicle and component warranties, and vehicle financing through joint ventures with two finance houses; and Corporate Services and Other.
92GF Score
Get the complete analysis for JSE:CMH
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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