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Tsogo SunJSE:TSG +0.81%84 Debt-to-EBITDA is 2.24 as of Mar. 2026, which is 18% below its 10-year median of 2.73. GuruFocus rates JSE:TSG with a GF Score™ of 84/100 and a GF Value™ of R10.66 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 654 Travel & Leisure companies, Tsogo Sun ranks better than 53.36% 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 Tsogo Sun's Debt-to-EBITDA or its related term are showing as below:
JSE:TSG'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.18 Med: 2.73 Max: 8.16
Current: 2.18
During the past 13 years, the highest Debt-to-EBITDA Ratio of Tsogo Sun was 8.16. The lowest was 2.18. And the median was 2.73.
JSE:TSG's Debt-to-EBITDA is ranked better than 53.36% of 654
companies
in the Travel & Leisure industry
Industry Median: 2.415
vs JSE:TSG: 2.18
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.
Tsogo Sun Debt-to-EBITDA Related Terms
Tsogo Sun Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Tsogo Sun'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.
JSE:TSG vs LVS, MGM, WYNN: Debt-to-EBITDA Comparison
For the Resorts & Casinos subindustry, Tsogo Sun'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.
Tsogo Sun Debt-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Tsogo Sun's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Tsogo Sun'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 (Mar. 2026) EBITDA data.
Tsogo Sun (JSE:TSG) has a Debt-to-EBITDA of 2.24 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 Tsogo Sun. This is 18% below median its historical median of 2.73. Over the past decade, Tsogo Sun's Debt-to-EBITDA has ranged from 2.18 to 8.16. According to the industry distribution chart, Tsogo Sun ranks #305 out of 654 companies in the Travel & Leisure industry, placing it in the top 46.6%.
Is Tsogo Sun's Debt-to-EBITDA too high?
Tsogo Sun's current Debt-to-EBITDA of 2.24 is 18% below median its 10-year median of 2.73. Over the past 10 years, this metric has ranged from a low of 2.18 to a high of 8.16. The Travel & Leisure industry median Debt-to-EBITDA is 2.42. Tsogo Sun's value of 2.24 is 7.2% below this industry median. Based on the distribution chart, Tsogo Sun ranks #305 out of 654 companies in the Travel & Leisure industry, which is above the industry midpoint. Overall, Tsogo Sun has a GF Score™ of 84/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Tsogo Sun's Debt-to-EBITDA compare to LVS and MGM?
According to the Travel & Leisure industry distribution chart, Tsogo Sun ranks #305 out of 654 companies for Debt-to-EBITDA. This puts Tsogo Sun in the upper half of its industry. The industry median Debt-to-EBITDA is 2.42. Tsogo Sun's value of 2.24 is 7.2% below this benchmark. Historically, Tsogo Sun's own Debt-to-EBITDA has ranged from 2.18 to 8.16 over the past decade. While the company's 10-year median is 2.73 vs. the industry median of 2.42, Tsogo Sun 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 Travel & Leisure company?
The median Debt-to-EBITDA among Travel & Leisure companies is 2.42, based on 654 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. Tsogo Sun's current Debt-to-EBITDA of 2.24 is 7.2% 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 Tsogo Sun. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tsogo Sun's current Debt-to-EBITDA is 2.24, which is 18% below median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tsogo Sun stock overvalued right now?
Based on GuruFocus' analysis, Tsogo Sun (JSE:TSG) is currently considered Significantly Undervalued. The stock's GF Value™ is R10.66, compared to a current price of R7.47 — trading 29.9% below its estimated fair value. The current Debt-to-EBITDA is 2.24, which is 18% below median its 10-year median of 2.73 and 7.2% below the Travel & Leisure industry median of 2.42. Tsogo Sun's overall GF Score™ is 84/100 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 Tsogo Sun (JSE:TSG), the current Debt-to-EBITDA is 2.24 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 Tsogo Sun (JSE:TSG) Overvalued in 2026?
Based on GuruFocus' analysis, Tsogo Sun stock appears to be undervalued.
The current stock price of R7.47 is trading 29.9% below its estimated GF Value™ of R10.66.
GuruFocus considers Tsogo Sun to be Significantly Undervalued.
Key valuation signals for JSE:TSG:
Debt-to-EBITDA: 2.24 (18% below median its 10-year median of 2.73)
GF Value™: R10.66 vs. price of R7.47 (29.9% below fair value)
Industry Position: 7.2% below the Travel & Leisure median (#305 of 654)
No single metric tells the full story. See the JSE:TSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tsogo Sun Ltd is engaged principally in the gaming, entertainment, and hospitality industry operating in South Africa. It owns and operates casino and entertainment destinations in South Africa, hotels, Galaxy Bingo sites, VSlots limited payout machines, playTSOGO, Bet.co.za, a Theme Park, theatres, cinemas, restaurants, bars, and conference facilities. The company's operating segments are; Casinos, LPMs, Other gaming and betting, and Corporate. Maximum revenue for the company is derived from its Casinos segment.
84GF Score
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