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KingswayKWY +0.61%56 Debt-to-EBITDA is 3.76 as of Jun. 2026, which is 76% below its 10-year median of 15.49. GuruFocus rates KWY with a GF Score™ of 56/100 and a GF Value™ of $11.30 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 387 Asset Management companies, Kingsway ranks worse than 90.44% 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 Kingsway's Debt-to-EBITDA or its related term are showing as below:
KWY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -840.62 Med: 15.49 Max: 116.44
Current: 9.19
During the past 13 years, the highest Debt-to-EBITDA Ratio of Kingsway was 116.44. The lowest was -840.62. And the median was 15.49.
KWY's Debt-to-EBITDA is ranked worse than 90.44% of 387
companies
in the Asset Management industry
Industry Median: 1.39
vs KWY: 9.19
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.
Kingsway Debt-to-EBITDA Related Terms
Kingsway Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Kingsway'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 Asset Management subindustry, Kingsway'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.
Kingsway Debt-to-EBITDA vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Kingsway's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Kingsway'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 (Jun. 2026) EBITDA data.
Kingsway (KWY) has a Debt-to-EBITDA of 3.76 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Kingsway. This is 76% below median its historical median of 15.49. According to the industry distribution chart, Kingsway ranks #350 out of 387 companies in the Asset Management industry, placing it in the top 90.4%.
Is Kingsway's Debt-to-EBITDA too high?
Kingsway's current Debt-to-EBITDA of 3.76 is 76% below median its 10-year median of 15.49. The Asset Management industry median Debt-to-EBITDA is 1.39. Kingsway's value of 3.76 is 170.5% above this industry median. Based on the distribution chart, Kingsway ranks #350 out of 387 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Kingsway has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Kingsway's Debt-to-EBITDA compare to GLO and FCT?
According to the Asset Management industry distribution chart, Kingsway ranks #350 out of 387 companies for Debt-to-EBITDA. This places Kingsway in the lower half of its industry. The industry median Debt-to-EBITDA is 1.39. Kingsway's value of 3.76 is 170.5% above this benchmark. While the company's 10-year median is 15.49 vs. the industry median of 1.39, Kingsway has consistently been above 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 an Asset Management company?
The median Debt-to-EBITDA among Asset Management companies is 1.39, based on 387 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. Kingsway's current Debt-to-EBITDA of 3.76 is 170.5% above 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 Kingsway. For the Asset Management industry, the median Debt-to-EBITDA is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kingsway's current Debt-to-EBITDA is 3.76, which is 76% below median its own 10-year median of 15.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kingsway stock overvalued right now?
Based on GuruFocus' analysis, Kingsway (KWY) is currently considered Modestly Undervalued. The stock's GF Value™ is $11.30, compared to a current price of $9.94 — trading 12% below its estimated fair value. The current Debt-to-EBITDA is 3.76, which is 76% below median its 10-year median of 15.49 and 170.5% above the Asset Management industry median of 1.39. Kingsway's overall GF Score™ is 56/100 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 Kingsway (KWY), the current Debt-to-EBITDA is 3.76 as of Jun. 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 Kingsway (KWY) Overvalued in 2026?
Based on GuruFocus' analysis, Kingsway stock appears to be undervalued.
The current stock price of $9.94 is trading 12% below its estimated GF Value™ of $11.30.
GuruFocus considers Kingsway to be Modestly Undervalued.
Key valuation signals for KWY:
Debt-to-EBITDA: 3.76 (76% below median its 10-year median of 15.49)
GF Value™: $11.30 vs. price of $9.94 (12% below fair value)
Industry Position: 170.5% above the Asset Management median (#350 of 387)
No single metric tells the full story. See the KWY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Kingsway Corp is a U.S.-based company employing the Search Fund model to acquire and build great businesses. The company owns and operates a collection of B2B and B2C services companies that are asset-light, growing, profitable, and that have recurring revenues. It seeks to compound long-term shareholder value on a per share basis via its decentralized management model, its talented team of operators, and its tax-advantaged corporate structure.
56GF Score
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