LGNRF (Legend Holdings) Debt-to-EBITDA : 8.12 (As of Dec. 2025) — 39% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

LGNRF Legend Holdings Ltd LGNRF
80 GF Score
Price $1.13
GF Value $0.96
! 7 Warning Signs
View Full Analysis

What is Legend Holdings Debt-to-EBITDA?

Legend Holdings LGNRF 80 Debt-to-EBITDA is 8.12 as of Dec. 2025, which is 39% above its 10-year median of 5.83. GuruFocus rates LGNRF with a GF Score™ of 80/100 and a GF Value™ of $0.96. The stock has 7 warning signs investors should review. Among 1,796 Hardware companies, Legend Holdings ranks worse than 89.81% on this metric.

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

Legend Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $12,065 Mil. Legend Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $12,607 Mil. Legend Holdings's annualized EBITDA for the quarter that ended in Dec. 2025 was $3,037 Mil. Legend Holdings's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 8.12.

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 Legend Holdings's Debt-to-EBITDA or its related term are showing as below:

LGNRF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.53   Med: 5.83   Max: 9.13
Current: 9.13

During the past 12 years, the highest Debt-to-EBITDA Ratio of Legend Holdings was 9.13. The lowest was 4.53. And the median was 5.83.

LGNRF's Debt-to-EBITDA is ranked worse than
89.81% of 1796 companies
in the Hardware industry
Industry Median: 1.715 vs LGNRF: 9.13

Legend Holdings  (OTCPK:LGNRF) 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.


Legend Holdings Debt-to-EBITDA Related Terms


Legend Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Legend Holdings'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.

Legend Holdings Debt-to-EBITDA Chart

Legend Holdings 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 4.53 5.60 7.97 6.06 5.54

Legend Holdings Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 27.79 13.87 10.40 9.89 8.12

LGNRF vs SNDK, DELL, STX: Debt-to-EBITDA Comparison

For the Computer Hardware subindustry, Legend Holdings'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.


Legend Holdings Debt-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, Legend Holdings's Debt-to-EBITDA distribution charts can be found below:

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


LGNRF
80GF Score
Legend Holdings Ltd LGNRF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Legend Holdings Debt-to-EBITDA Calculation

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

Legend Holdings'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
=(12064.505 + 12607.173) / 4452.407
=5.54

Legend Holdings's annualized Debt-to-EBITDA for the quarter 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
=(12064.505 + 12607.173) / 3037.104
=8.12

* 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 two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 8.12 mean?
Legend Holdings (LGNRF) has a Debt-to-EBITDA of 8.12 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Legend Holdings. This is 39% above median its historical median of 5.83. Over the past decade, Legend Holdings' Debt-to-EBITDA has ranged from 4.53 to 9.13. According to the industry distribution chart, Legend Holdings ranks #1613 out of 1796 companies in the Hardware industry, placing it in the top 89.8%.
Is Legend Holdings' Debt-to-EBITDA too high?
Legend Holdings' current Debt-to-EBITDA of 8.12 is 39% above median its 10-year median of 5.83. Over the past 10 years, this metric has ranged from a low of 4.53 to a high of 9.13. The Hardware industry median Debt-to-EBITDA is 1.72. Legend Holdings' value of 8.12 is 373.5% above this industry median. Based on the distribution chart, Legend Holdings ranks #1613 out of 1796 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, Legend Holdings has a GF Score™ of 80/100, reflecting its overall financial health beyond just this single metric.
How does Legend Holdings' Debt-to-EBITDA compare to SNDK and DELL?
According to the Hardware industry distribution chart, Legend Holdings ranks #1613 out of 1796 companies for Debt-to-EBITDA. This places Legend Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 1.72. Legend Holdings' value of 8.12 is 373.5% above this benchmark. Historically, Legend Holdings' own Debt-to-EBITDA has ranged from 4.53 to 9.13 over the past decade. While the company's 10-year median is 5.83 vs. the industry median of 1.72, Legend Holdings 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.72, based on 1,796 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. Legend Holdings's current Debt-to-EBITDA of 8.12 is 373.5% 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 Legend Holdings. For the Hardware industry, the median Debt-to-EBITDA is 1.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Legend Holdings's current Debt-to-EBITDA is 8.12, which is 39% above median its own 10-year median of 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legend Holdings stock overvalued right now?
Legend Holdings (LGNRF) has a current Debt-to-EBITDA of 8.12. The stock's GF Value™ is $0.96, compared to a current price of $1.13 — trading 17.7% above its estimated fair value. The current Debt-to-EBITDA is 8.12, which is 39% above median its 10-year median of 5.83 and 373.5% above the Hardware industry median of 1.72. Legend Holdings' overall GF Score™ is 80/100 with 7 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 Legend Holdings (LGNRF), the current Debt-to-EBITDA is 8.12 as of Dec. 2025. 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 Legend Holdings (LGNRF) Overvalued in 2026?

Based on GuruFocus' analysis, Legend Holdings stock appears to be overvalued. The current stock price of $1.13 is trading 17.7% above its estimated GF Value™ of $0.96.

Key valuation signals for LGNRF:

  • Debt-to-EBITDA: 8.12 (39% above median its 10-year median of 5.83)
  • GF Value™: $0.96 vs. price of $1.13 (17.7% above fair value)
  • GF Score™: 80/100 with 7 warning signs
  • Industry Position: 373.5% above the Hardware median (#1613 of 1796)

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


Legend Holdings Business Description

Other Exchanges 03396:Hong Kong1PC:Germany
Address Court No. 2, Ke Xue Yuan Nanlu, Room 1701, 17th Floor, Block 1, Haidian District, Beinjing, CHN, 100190
Legend Holdings Ltd is a diversified industrial and investment group in China. It operates businesses through two segments: diversified industries operation, and industrial incubations and investments. The Industrial operations segment includes Lenovo, which is engaged in providing intelligent devices and infrastructure, and creates intelligent solutions, services and software; Levima Group, which is engaged in the research and development, production and sales of material products; Joyvio Group, which operates mainly to engaged in modern agriculture and food related business; and BIL, which mainly offers integrated banking services, including corporate and institutional banking, retail banking, private banking, capital markets, etc. It derives the majority of its revenue from Lenovo.
80GF Score

Get the complete analysis for LGNRF

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

$1.13
Price
$0.96
GF Value