Lewis Group (JSE:LEW) Debt-to-EBITDA : 1.16 (As of Mar. 2026) — Near 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.

JSE:LEW Lewis Group Ltd JSE:LEW
95 GF Score
Price R88.80
GF Value R84.42
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Lewis Group Debt-to-EBITDA?

Lewis Group JSE:LEW -0.06% 95 Debt-to-EBITDA is 1.16 as of Mar. 2026, which is 9% below its 10-year median of 1.27. GuruFocus rates JSE:LEW with a GF Score™ of 95/100 and a GF Value™ of R84.42 (Fairly Valued). The stock has 3 warning signs investors should review. Among 903 Retail - Cyclical companies, Lewis Group ranks better than 70.43% on this metric.

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

Lewis Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R331 Mil. Lewis Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was R2,024 Mil. Lewis Group's annualized EBITDA for the quarter that ended in Mar. 2026 was R2,035 Mil. Lewis Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 1.16.

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

JSE:LEW' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.8   Med: 1.27   Max: 2.36
Current: 1.33

During the past 13 years, the highest Debt-to-EBITDA Ratio of Lewis Group was 2.36. The lowest was 0.80. And the median was 1.27.

JSE:LEW's Debt-to-EBITDA is ranked better than
70.43% of 903 companies
in the Retail - Cyclical industry
Industry Median: 2.37 vs JSE:LEW: 1.33

Lewis Group  (JSE:LEW) 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.


Lewis Group Debt-to-EBITDA Related Terms


Lewis Group Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Lewis Group'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.

Lewis Group Debt-to-EBITDA Chart

Lewis Group 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 0.98 1.27 1.53 1.28 1.33

Lewis Group Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 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 1.44 1.87 1.08 1.78 1.16

JSE:LEW vs CASY, WSM, ULTA: Debt-to-EBITDA Comparison

For the Specialty Retail subindustry, Lewis Group'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.


Lewis Group Debt-to-EBITDA vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Lewis Group's Debt-to-EBITDA distribution charts can be found below:

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


JSE:LEW
95GF Score
Lewis Group Ltd JSE:LEW
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lewis Group Debt-to-EBITDA Calculation

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

Lewis Group'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
=(331.2 + 2024.1) / 1773
=1.33

Lewis Group'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
=(331.2 + 2024.1) / 2035.2
=1.16

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.16 mean?
Lewis Group (JSE:LEW) has a Debt-to-EBITDA of 1.16 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 Lewis Group. This is near median its historical median of 1.27. Over the past decade, Lewis Group's Debt-to-EBITDA has ranged from 0.80 to 2.36. According to the industry distribution chart, Lewis Group ranks #267 out of 903 companies in the Retail - Cyclical industry, placing it in the top 29.6%.
Is Lewis Group's Debt-to-EBITDA too high?
Lewis Group's current Debt-to-EBITDA of 1.16 is near median its 10-year median of 1.27. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 2.36. The Retail - Cyclical industry median Debt-to-EBITDA is 2.37. Lewis Group's value of 1.16 is 51.1% below this industry median. Based on the distribution chart, Lewis Group ranks #267 out of 903 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Lewis Group has a GF Score™ of 95/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lewis Group's Debt-to-EBITDA compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Lewis Group ranks #267 out of 903 companies for Debt-to-EBITDA. This puts Lewis Group in the upper half of its industry. The industry median Debt-to-EBITDA is 2.37. Lewis Group's value of 1.16 is 51.1% below this benchmark. Historically, Lewis Group's own Debt-to-EBITDA has ranged from 0.80 to 2.36 over the past decade. While the company's 10-year median is 1.27 vs. the industry median of 2.37, Lewis Group 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.37, based on 903 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. Lewis Group's current Debt-to-EBITDA of 1.16 is 51.1% 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 Lewis Group. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Lewis Group's current Debt-to-EBITDA is 1.16, which is near median its own 10-year median of 1.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lewis Group stock overvalued right now?
Based on GuruFocus' analysis, Lewis Group (JSE:LEW) is currently considered Fairly Valued. The stock's GF Value™ is R84.42, compared to a current price of R88.80 — trading 5.2% above its estimated fair value. The current Debt-to-EBITDA is 1.16, which is near median its 10-year median of 1.27 and 51.1% below the Retail - Cyclical industry median of 2.37. Lewis Group's overall GF Score™ is 95/100 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 Lewis Group (JSE:LEW), the current Debt-to-EBITDA is 1.16 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 Lewis Group (JSE:LEW) Overvalued in 2026?

Based on GuruFocus' analysis, Lewis Group stock appears to be overvalued. The current stock price of R88.80 is trading 5.2% above its estimated GF Value™ of R84.42. GuruFocus considers Lewis Group to be Fairly Valued.

Key valuation signals for JSE:LEW:

  • Debt-to-EBITDA: 1.16 (near median its 10-year median of 1.27)
  • GF Value™: R84.42 vs. price of R88.80 (5.2% above fair value)
  • GF Score™: 95/100 with 3 warning signs
  • Industry Position: 51.1% below the Retail - Cyclical median (#267 of 903)

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


Lewis Group Business Description

Address 53A Victoria Road, Universal House, Woodstock, Cape Town, ZAF, 7925
Lewis Group Ltd is a South Africa-based retailer of household furniture and electrical appliances through its three trading brands, Lewis, Beares, and Best Home and Electric. Lewis sells a range of household furniture, electrical appliances, and home electronics to customers in the LSM 4 to 7 categories. Best Home and Electric is a retailer of electrical appliances, sound and vision equipment, and furniture, targeting LSM four to seven customers. Its operating segments are Traditional retail and Cash retail. The company generates majority of the revenue from Traditional retail segment. Beares is a retailer of upmarket furniture, electrical appliances, and home electronics to customers in the LSM 6 to 9 categories.
95GF Score

Get the complete analysis for JSE:LEW

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

R88.80
Price
R84.42
GF Value