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.
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.
Keisei Electric Railway CoKELRF 73 Debt-to-EBITDA is 2.26 as of Mar. 2026, which is 38% below its 10-year median of 3.66. GuruFocus rates KELRF with a GF Score™ of 73/100 and a GF Value™ of $12.21 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 871 Transportation companies, Keisei Electric Railway Co ranks worse than 65.1% 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 Keisei Electric Railway Co's Debt-to-EBITDA or its related term are showing as below:
KELRF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.31 Med: 3.66 Max: 915.05
Current: 3.85
During the past 13 years, the highest Debt-to-EBITDA Ratio of Keisei Electric Railway Co was 915.05. The lowest was 2.31. And the median was 3.66.
KELRF's Debt-to-EBITDA is ranked worse than 65.1% of 871
companies
in the Transportation industry
Industry Median: 2.65
vs KELRF: 3.85
Keisei Electric Railway Co (OTCPK:KELRF) Debt-to-EBITDA Explanation
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.
Keisei Electric Railway Co Debt-to-EBITDA Related Terms
Keisei Electric Railway Co 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.
For the Railroads subindustry, Keisei Electric Railway Co'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.
Keisei Electric Railway Co Debt-to-EBITDA vs Transportation Industry
For the Transportation industry and Industrials sector, Keisei Electric Railway Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Keisei Electric Railway Co'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.
Keisei Electric Railway Co (KELRF) has a Debt-to-EBITDA of 2.26 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 Keisei Electric Railway Co. This is 38% below median its historical median of 3.66. Over the past decade, Keisei Electric Railway Co's Debt-to-EBITDA has ranged from 2.31 to 915.05. According to the industry distribution chart, Keisei Electric Railway Co ranks #567 out of 871 companies in the Transportation industry, placing it in the top 65.1%.
Is Keisei Electric Railway Co's Debt-to-EBITDA too high?
Keisei Electric Railway Co's current Debt-to-EBITDA of 2.26 is 38% below median its 10-year median of 3.66. Over the past 10 years, this metric has ranged from a low of 2.31 to a high of 915.05. The Transportation industry median Debt-to-EBITDA is 2.65. Keisei Electric Railway Co's value of 2.26 is 14.7% below this industry median. Based on the distribution chart, Keisei Electric Railway Co ranks #567 out of 871 companies in the Transportation industry, which is below the industry midpoint. Overall, Keisei Electric Railway Co has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Keisei Electric Railway Co's Debt-to-EBITDA compare to UNP and CSX?
According to the Transportation industry distribution chart, Keisei Electric Railway Co ranks #567 out of 871 companies for Debt-to-EBITDA. This places Keisei Electric Railway Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.65. Keisei Electric Railway Co's value of 2.26 is 14.7% below this benchmark. Historically, Keisei Electric Railway Co's own Debt-to-EBITDA has ranged from 2.31 to 915.05 over the past decade. While the company's 10-year median is 3.66 vs. the industry median of 2.65, Keisei Electric Railway Co 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 Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.65, based on 871 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. Keisei Electric Railway Co's current Debt-to-EBITDA of 2.26 is 14.7% 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 Keisei Electric Railway Co. For the Transportation industry, the median Debt-to-EBITDA is 2.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Keisei Electric Railway Co's current Debt-to-EBITDA is 2.26, which is 38% below median its own 10-year median of 3.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Keisei Electric Railway Co stock overvalued right now?
Based on GuruFocus' analysis, Keisei Electric Railway Co (KELRF) is currently considered Possible Value Trap. The stock's GF Value™ is $12.21, compared to a current price of $6.27 — trading 48.6% below its estimated fair value. The current Debt-to-EBITDA is 2.26, which is 38% below median its 10-year median of 3.66 and 14.7% below the Transportation industry median of 2.65. Keisei Electric Railway Co's overall GF Score™ is 73/100 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 Keisei Electric Railway Co (KELRF), the current Debt-to-EBITDA is 2.26 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 Keisei Electric Railway Co (KELRF) Overvalued in 2026?
Based on GuruFocus' analysis, Keisei Electric Railway Co stock appears to be undervalued.
The current stock price of $6.27 is trading 48.6% below its estimated GF Value™ of $12.21.
GuruFocus considers Keisei Electric Railway Co to be Possible Value Trap.
Key valuation signals for KELRF:
Debt-to-EBITDA: 2.26 (38% below median its 10-year median of 3.66)
GF Value™: $12.21 vs. price of $6.27 (48.6% below fair value)
Industry Position: 14.7% below the Transportation median (#567 of 871)
No single metric tells the full story. See the KELRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Keisei Electric Railway Co Ltd is a Japanese company that operates railways in Japan. The company's three segments are transportation, distribution, and real estate management. The transportation segment offers passenger transportation services by rail, bus, and taxi, and it contributes the majority of revenue. The distribution segment is engaged in operating department stores, shopping centers, and other retail stores. The company derives revenue from real estate activities such as leasing and selling its properties. It also generates additional revenue from activities ranging from real estate construction, operation of restaurants, hotels, and leisure sites to car maintenance services.
73GF Score
Get the complete analysis for KELRF
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
KELRF has been successfully added to your 
