LCII (LCI Industries) Debt-to-EBITDA : 2.47 (As of Mar. 2026) — Near Median


LCII LCI Industries Inc LCII
73 GF Score
Price $103.36
GF Value $122.50
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is LCI Industries Debt-to-EBITDA?

LCI Industries LCII +1.29% 73 Debt-to-EBITDA is 2.47 as of Mar. 2026, which is 7% below its 10-year median of 2.65. GuruFocus rates LCII with a GF Score™ of 73/100 and a GF Value™ of $122.50 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,094 Vehicles & Parts companies, LCI Industries ranks worse than 58.68% on this metric.

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

LCI Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $49 Mil. LCI Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $1,187 Mil. LCI Industries's annualized EBITDA for the quarter that ended in Mar. 2026 was $500 Mil. LCI Industries's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.47.

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 LCI Industries's Debt-to-EBITDA or its related term are showing as below:

LCII' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.19   Med: 2.65   Max: 4.34
Current: 2.85

During the past 13 years, the highest Debt-to-EBITDA Ratio of LCI Industries was 4.34. The lowest was 0.19. And the median was 2.65.

LCII's Debt-to-EBITDA is ranked worse than
58.68% of 1094 companies
in the Vehicles & Parts industry
Industry Median: 2.25 vs LCII: 2.85

LCI Industries  (NYSE:LCII) 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.


LCI Industries Debt-to-EBITDA Related Terms


LCI Industries Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for LCI Industries'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.

LCI Industries Debt-to-EBITDA Chart

LCI Industries 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 2.89 2.02 4.34 2.90 3.00

LCI Industries 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 2.86 2.55 2.40 4.66 2.47

LCII vs HOG, PATK, WGO: Debt-to-EBITDA Comparison

For the Recreational Vehicles subindustry, LCI Industries'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.


LCI Industries Debt-to-EBITDA vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, LCI Industries's Debt-to-EBITDA distribution charts can be found below:

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


LCII
73GF Score
LCI Industries Inc LCII
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

LCI Industries Debt-to-EBITDA Calculation

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

LCI Industries'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
=(47.857 + 1187.549) / 412.01
=3.00

LCI Industries'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
=(48.649 + 1186.697) / 499.828
=2.47

* 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 2.47 mean?
LCI Industries (LCII) has a Debt-to-EBITDA of 2.47 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 LCI Industries. This is near median its historical median of 2.65. Over the past decade, LCI Industries' Debt-to-EBITDA has ranged from 0.19 to 4.34. According to the industry distribution chart, LCI Industries ranks #642 out of 1094 companies in the Vehicles & Parts industry, placing it in the top 58.7%.
Is LCI Industries' Debt-to-EBITDA too high?
LCI Industries' current Debt-to-EBITDA of 2.47 is near median its 10-year median of 2.65. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 4.34. The Vehicles & Parts industry median Debt-to-EBITDA is 2.25. LCI Industries' value of 2.47 is 9.8% above this industry median. Based on the distribution chart, LCI Industries ranks #642 out of 1094 companies in the Vehicles & Parts industry, which is below the industry midpoint. Overall, LCI Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does LCI Industries' Debt-to-EBITDA compare to HOG and PATK?
According to the Vehicles & Parts industry distribution chart, LCI Industries ranks #642 out of 1094 companies for Debt-to-EBITDA. This places LCI Industries in the lower half of its industry. The industry median Debt-to-EBITDA is 2.25. LCI Industries' value of 2.47 is 9.8% above this benchmark. Historically, LCI Industries' own Debt-to-EBITDA has ranged from 0.19 to 4.34 over the past decade. While the company's 10-year median is 2.65 vs. the industry median of 2.25, LCI Industries 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 a Vehicles & Parts company?
The median Debt-to-EBITDA among Vehicles & Parts companies is 2.25, based on 1,094 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. LCI Industries's current Debt-to-EBITDA of 2.47 is 9.8% 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 LCI Industries. For the Vehicles & Parts industry, the median Debt-to-EBITDA is 2.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. LCI Industries's current Debt-to-EBITDA is 2.47, which is near median its own 10-year median of 2.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LCI Industries stock overvalued right now?
Based on GuruFocus' analysis, LCI Industries (LCII) is currently considered Modestly Undervalued. The stock's GF Value™ is $122.50, compared to a current price of $103.36 — trading 15.6% below its estimated fair value. The current Debt-to-EBITDA is 2.47, which is near median its 10-year median of 2.65 and 9.8% above the Vehicles & Parts industry median of 2.25. LCI Industries' overall GF Score™ is 73/100 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 LCI Industries (LCII), the current Debt-to-EBITDA is 2.47 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 LCI Industries (LCII) Overvalued in 2026?

Based on GuruFocus' analysis, LCI Industries stock appears to be undervalued. The current stock price of $103.36 is trading 15.6% below its estimated GF Value™ of $122.50. GuruFocus considers LCI Industries to be Modestly Undervalued.

Key valuation signals for LCII:

  • Debt-to-EBITDA: 2.47 (near median its 10-year median of 2.65)
  • GF Value™: $122.50 vs. price of $103.36 (15.6% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 9.8% above the Vehicles & Parts median (#642 of 1094)

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


LCI Industries Business Description

Other Exchanges 0DI:Germany
Address 3501 County Road 6 East, Elkhart, IN, USA, 46514
LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries, including buses and trailers used to haul boats, livestock, equipment, and other cargo. It has two reportable segments: the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment, and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold to manufacturers of RVs such as Thor Industries, Forest River, Winnebago, and other RV OEMs, and to manufacturers in adjacent industries.
73GF Score

Get the complete analysis for LCII

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

$103.36
Price
$122.50
GF Value