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Marston'sLSE:MARS -4.17%50 Debt-to-EBITDA is 7.02 as of Mar. 2026, which is 3% below its 10-year median of 7.20. GuruFocus rates LSE:MARS with a GF Score™ of 50/100 and a GF Value™ of £0.39 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 299 Restaurants companies, Marston's ranks worse than 76.92% 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 Marston's's Debt-to-EBITDA or its related term are showing as below:
LSE:MARS'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -47.65 Med: 7.2 Max: 19.25
Current: 5.57
During the past 13 years, the highest Debt-to-EBITDA Ratio of Marston's was 19.25. The lowest was -47.65. And the median was 7.20.
LSE:MARS's Debt-to-EBITDA is ranked worse than 76.92% of 299
companies
in the Restaurants industry
Industry Median: 2.91
vs LSE:MARS: 5.57
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.
Marston's Debt-to-EBITDA Related Terms
Marston's Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Marston's'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.
LSE:MARS vs MCD, SBUX, YUM: Debt-to-EBITDA Comparison
For the Restaurants subindustry, Marston's'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.
Marston's Debt-to-EBITDA vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Marston's's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Marston's'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 two times the quarterly (Mar. 2026) EBITDA data.
Marston's (LSE:MARS) has a Debt-to-EBITDA of 7.02 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 Marston's. This is near median its historical median of 7.20. According to the industry distribution chart, Marston's ranks #230 out of 299 companies in the Restaurants industry, placing it in the top 76.9%.
Is Marston's' Debt-to-EBITDA too high?
Marston's' current Debt-to-EBITDA of 7.02 is near median its 10-year median of 7.20. The Restaurants industry median Debt-to-EBITDA is 2.91. Marston's' value of 7.02 is 141.2% above this industry median. Based on the distribution chart, Marston's ranks #230 out of 299 companies in the Restaurants industry, which is in the bottom quartile relative to peers. Overall, Marston's has a GF Score™ of 50/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Marston's' Debt-to-EBITDA compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Marston's ranks #230 out of 299 companies for Debt-to-EBITDA. This places Marston's in the lower half of its industry. The industry median Debt-to-EBITDA is 2.91. Marston's' value of 7.02 is 141.2% above this benchmark. While the company's 10-year median is 7.20 vs. the industry median of 2.91, Marston's 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 Restaurants company?
The median Debt-to-EBITDA among Restaurants companies is 2.91, based on 299 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. Marston's's current Debt-to-EBITDA of 7.02 is 141.2% 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 Marston's. For the Restaurants industry, the median Debt-to-EBITDA is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marston's's current Debt-to-EBITDA is 7.02, which is near median its own 10-year median of 7.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marston's stock overvalued right now?
Based on GuruFocus' analysis, Marston's (LSE:MARS) is currently considered Significantly Overvalued. The stock's GF Value™ is £0.39, compared to a current price of £0.53 — trading 35.9% above its estimated fair value. The current Debt-to-EBITDA is 7.02, which is near median its 10-year median of 7.20 and 141.2% above the Restaurants industry median of 2.91. Marston's' overall GF Score™ is 50/100 with 5 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 Marston's (LSE:MARS), the current Debt-to-EBITDA is 7.02 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 Marston's (LSE:MARS) Overvalued in 2026?
Based on GuruFocus' analysis, Marston's stock appears to be overvalued.
The current stock price of £0.53 is trading 35.9% above its estimated GF Value™ of £0.39.
GuruFocus considers Marston's to be Significantly Overvalued.
Key valuation signals for LSE:MARS:
Debt-to-EBITDA: 7.02 (near median its 10-year median of 7.20)
GF Value™: £0.39 vs. price of £0.53 (35.9% above fair value)
Industry Position: 141.2% above the Restaurants median (#230 of 299)
No single metric tells the full story. See the LSE:MARS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marston's PLC is a beer brewer and pub operator. It operates more than 1,500 pubs across the United Kingdom under brand names including Marston's Two For One, Milestone Rotisserie, Pitcher & Piano, and Revere. It also licenses and franchises more than 500 other taverns, and it has some locations that offer lodging. The company has five breweries that distribute its beer brands for sale to both out-of-home and at-home customers. Its key beer brands include Hobgoblin, Marston's Pedigree, Wainwright, Ringwood, Brakspear, and Banks's. Roughly 20% of the company's revenue comes from the brewing business; the rest comes from its pub businesses. Virtually all revenue is generated in the United Kingdom.
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