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KajimaKAJMY -0.67%80 Debt-to-EBITDA is 1.80 as of Mar. 2026, which is 11% below its 10-year median of 2.03. GuruFocus rates KAJMY with a GF Score™ of 80/100 and a GF Value™ of $21.39 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,403 Construction companies, Kajima ranks worse than 56.09% 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 Kajima's Debt-to-EBITDA or its related term are showing as below:
KAJMY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.66 Med: 2.03 Max: 3.46
Current: 2.65
During the past 13 years, the highest Debt-to-EBITDA Ratio of Kajima was 3.46. The lowest was 1.66. And the median was 2.03.
KAJMY's Debt-to-EBITDA is ranked worse than 56.09% of 1403
companies
in the Construction industry
Industry Median: 2.15
vs KAJMY: 2.65
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.
Kajima Debt-to-EBITDA Related Terms
Kajima Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Kajima'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.
For the Engineering & Construction subindustry, Kajima'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.
Kajima Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Kajima's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Kajima'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 (Mar. 2026) EBITDA data.
Kajima (KAJMY) has a Debt-to-EBITDA of 1.80 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 Kajima. This is 11% below median its historical median of 2.03. Over the past decade, Kajima's Debt-to-EBITDA has ranged from 1.66 to 3.46. According to the industry distribution chart, Kajima ranks #787 out of 1403 companies in the Construction industry, placing it in the top 56.1%.
Is Kajima's Debt-to-EBITDA too high?
Kajima's current Debt-to-EBITDA of 1.80 is 11% below median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 1.66 to a high of 3.46. The Construction industry median Debt-to-EBITDA is 2.15. Kajima's value of 1.80 is 16.3% below this industry median. Based on the distribution chart, Kajima ranks #787 out of 1403 companies in the Construction industry, which is below the industry midpoint. Overall, Kajima has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kajima's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Kajima ranks #787 out of 1403 companies for Debt-to-EBITDA. This places Kajima in the lower half of its industry. The industry median Debt-to-EBITDA is 2.15. Kajima's value of 1.80 is 16.3% below this benchmark. Historically, Kajima's own Debt-to-EBITDA has ranged from 1.66 to 3.46 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 2.15, Kajima 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.15, based on 1,403 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. Kajima's current Debt-to-EBITDA of 1.80 is 16.3% 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 Kajima. For the Construction industry, the median Debt-to-EBITDA is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kajima's current Debt-to-EBITDA is 1.80, which is 11% below median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kajima stock overvalued right now?
Based on GuruFocus' analysis, Kajima (KAJMY) is currently considered Significantly Overvalued. The stock's GF Value™ is $21.39, compared to a current price of $34.68 — trading 62.1% above its estimated fair value. The current Debt-to-EBITDA is 1.80, which is 11% below median its 10-year median of 2.03 and 16.3% below the Construction industry median of 2.15. Kajima's overall GF Score™ is 80/100 with 1 warning sign 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 Kajima (KAJMY), the current Debt-to-EBITDA is 1.80 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 Kajima (KAJMY) Overvalued in 2026?
Based on GuruFocus' analysis, Kajima stock appears to be overvalued.
The current stock price of $34.68 is trading 62.1% above its estimated GF Value™ of $21.39.
GuruFocus considers Kajima to be Significantly Overvalued.
Key valuation signals for KAJMY:
Debt-to-EBITDA: 1.80 (11% below median its 10-year median of 2.03)
GF Value™: $21.39 vs. price of $34.68 (62.1% above fair value)
Industry Position: 16.3% below the Construction median (#787 of 1403)
No single metric tells the full story. See the KAJMY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kajima Corp provides civil engineering and project management for multiple industries. It works in multiple phases, from planning and development to maintenance and renovation. The company constructs skyscrapers, power plants, office buildings, and other large structures. It enters into contracts to complete construction work at the designated site and add the necessary improvements. The company has five reportable segments: civil engineering, building business, real estate development, and other domestic subsidiaries, and overseas subsidiaries. The company utilizes research and development for all segments and allows engineers to receive training and enhance expertise through various programs. Japan accounts for the majority of the total revenue.
80GF Score
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