Bata Pakistan (KAR:BATA) Debt-to-EBITDA : 1.88 (As of Mar. 2026) — 46% Above Median

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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.
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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.

KAR:BATA Bata Pakistan Ltd KAR:BATA
48 GF Score
Price ₨910.00
GF Value ₨1,601.62
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Bata Pakistan Debt-to-EBITDA?

Bata Pakistan KAR:BATA +0.02% 48 Debt-to-EBITDA is 1.88 as of Mar. 2026, which is 46% above its 10-year median of 1.29. GuruFocus rates KAR:BATA with a GF Score™ of 48/100 and a GF Value™ of ₨1,601.62 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 813 Manufacturing - Apparel & Accessories companies, Bata Pakistan ranks worse than 123001.11% on this metric.

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

Bata Pakistan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₨1,132 Mil. Bata Pakistan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₨3,345 Mil. Bata Pakistan's annualized EBITDA for the quarter that ended in Mar. 2026 was ₨2,377 Mil. Bata Pakistan's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 1.88.

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 Bata Pakistan's Debt-to-EBITDA or its related term are showing as below:

KAR:BATA' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -24.39   Med: 1.29   Max: 3.3
Current: -8.14

During the past 13 years, the highest Debt-to-EBITDA Ratio of Bata Pakistan was 3.30. The lowest was -24.39. And the median was 1.29.

KAR:BATA's Debt-to-EBITDA is ranked worse than
100% of 813 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.69 vs KAR:BATA: -8.14

Bata Pakistan  (KAR:BATA) 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.


Bata Pakistan Debt-to-EBITDA Related Terms


Bata Pakistan Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Bata Pakistan'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.

Bata Pakistan Debt-to-EBITDA Chart

Bata Pakistan Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.53 1.29 1.05 1.15 -24.39

Bata Pakistan 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 1.18 6.81 4.45 -0.74 1.88

KAR:BATA vs NKE, DECK, ONON: Debt-to-EBITDA Comparison

For the Footwear & Accessories subindustry, Bata Pakistan'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.


Bata Pakistan Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Bata Pakistan's Debt-to-EBITDA distribution charts can be found below:

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


KAR:BATA
48GF Score
Bata Pakistan Ltd KAR:BATA
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bata Pakistan Debt-to-EBITDA Calculation

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

Bata Pakistan's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1145.719 + 3333.119) / -183.638
=-24.39

Bata Pakistan'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
=(1131.968 + 3344.961) / 2377.216
=1.88

* 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 1.88 mean?
Bata Pakistan (KAR:BATA) has a Debt-to-EBITDA of 1.88 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 Bata Pakistan. This is 46% above median its historical median of 1.29. According to the industry distribution chart, Bata Pakistan ranks #999999 out of 813 companies in the Manufacturing - Apparel & Accessories industry.
Is Bata Pakistan's Debt-to-EBITDA too high?
Bata Pakistan's current Debt-to-EBITDA of 1.88 is 46% above median its 10-year median of 1.29. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.69. Bata Pakistan's value of 1.88 is 30.1% below this industry median. Based on the distribution chart, Bata Pakistan ranks #999999 out of 813 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Bata Pakistan has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Bata Pakistan's Debt-to-EBITDA compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Bata Pakistan ranks #999999 out of 813 companies for Debt-to-EBITDA. This places Bata Pakistan in the lower half of its industry. The industry median Debt-to-EBITDA is 2.69. Bata Pakistan's value of 1.88 is 30.1% below this benchmark. While the company's 10-year median is 1.29 vs. the industry median of 2.69, Bata Pakistan 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-EBITDA among Manufacturing - Apparel & Accessories companies is 2.69, based on 813 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. Bata Pakistan's current Debt-to-EBITDA of 1.88 is 30.1% 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 Bata Pakistan. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-EBITDA is 2.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bata Pakistan's current Debt-to-EBITDA is 1.88, which is 46% above median its own 10-year median of 1.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bata Pakistan stock overvalued right now?
Based on GuruFocus' analysis, Bata Pakistan (KAR:BATA) is currently considered Possible Value Trap. The stock's GF Value™ is ₨1,601.62, compared to a current price of ₨910.00 — trading 43.2% below its estimated fair value. The current Debt-to-EBITDA is 1.88, which is 46% above median its 10-year median of 1.29 and 30.1% below the Manufacturing - Apparel & Accessories industry median of 2.69. Bata Pakistan's overall GF Score™ is 48/100 with 4 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 Bata Pakistan (KAR:BATA), the current Debt-to-EBITDA is 1.88 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 Bata Pakistan (KAR:BATA) Overvalued in 2026?

Based on GuruFocus' analysis, Bata Pakistan stock appears to be undervalued. The current stock price of ₨910.00 is trading 43.2% below its estimated GF Value™ of ₨1,601.62. GuruFocus considers Bata Pakistan to be Possible Value Trap.

Key valuation signals for KAR:BATA:

  • Debt-to-EBITDA: 1.88 (46% above median its 10-year median of 1.29)
  • GF Value™: ₨1,601.62 vs. price of ₨910.00 (43.2% below fair value)
  • GF Score™: 48/100 with 4 warning signs
  • Industry Position: 30.1% below the Manufacturing - Apparel & Accessories median (#999999 of 813)

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


Bata Pakistan Business Description

Address G.T. Road, P.O. Batapur, Batapur, Lahore, PB, PAK, 53400
Bata Pakistan Ltd is engaged in the manufacturing and sale of footwear of all kinds, along with the sale of accessories and hosiery items. It operates through four segments: Retail, Wholesale, Export, and Others. Its products are for women, men, & kids under categories, such as athletics, casual, comfort, fashion, dress shoes, sandals, & slippers, boys, girls, & school shoes. Its Retail segment includes information relating to sales made from the retail stores of the company. Wholesale: This segment includes information relating to sales made to distributors of the Company. Export: This segment includes information regarding the exports made by the Company to both associated undertakings & other customers. Others: All other sales of the Company, including sales of grinderies & wastages.
48GF Score

Get the complete analysis for KAR:BATA

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

₨910.00
Price
₨1,601.62
GF Value