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Grand Harbour MarinaMAL:GHM 50 Debt-to-EBITDA is 3.37 as of Dec. 2025, which is 54% below its 10-year median of 7.28. GuruFocus rates MAL:GHM with a GF Score™ of 50/100 and a GF Value™ of €0.81 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 654 Travel & Leisure companies, Grand Harbour Marina ranks worse than 66.51% 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 Grand Harbour Marina's Debt-to-EBITDA or its related term are showing as below:
MAL:GHM'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.21 Med: 7.28 Max: 21.4
Current: 3.82
During the past 13 years, the highest Debt-to-EBITDA Ratio of Grand Harbour Marina was 21.40. The lowest was 3.21. And the median was 7.28.
MAL:GHM's Debt-to-EBITDA is ranked worse than 66.51% of 654
companies
in the Travel & Leisure industry
Industry Median: 2.415
vs MAL:GHM: 3.82
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.
Grand Harbour Marina Debt-to-EBITDA Related Terms
Grand Harbour Marina Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Grand Harbour Marina'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.
MAL:GHM vs AS, HAS, LTH: Debt-to-EBITDA Comparison
For the Leisure subindustry, Grand Harbour Marina'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.
Grand Harbour Marina Debt-to-EBITDA vs Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Grand Harbour Marina's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Grand Harbour Marina'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 (Dec. 2025) EBITDA data.
Grand Harbour Marina (MAL:GHM) has a Debt-to-EBITDA of 3.37 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 Grand Harbour Marina. This is 54% below median its historical median of 7.28. Over the past decade, Grand Harbour Marina's Debt-to-EBITDA has ranged from 3.21 to 21.40. According to the industry distribution chart, Grand Harbour Marina ranks #435 out of 654 companies in the Travel & Leisure industry, placing it in the top 66.5%.
Is Grand Harbour Marina's Debt-to-EBITDA too high?
Grand Harbour Marina's current Debt-to-EBITDA of 3.37 is 54% below median its 10-year median of 7.28. Over the past 10 years, this metric has ranged from a low of 3.21 to a high of 21.40. The Travel & Leisure industry median Debt-to-EBITDA is 2.42. Grand Harbour Marina's value of 3.37 is 39.5% above this industry median. Based on the distribution chart, Grand Harbour Marina ranks #435 out of 654 companies in the Travel & Leisure industry, which is below the industry midpoint. Overall, Grand Harbour Marina has a GF Score™ of 50/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Grand Harbour Marina's Debt-to-EBITDA compare to AS and HAS?
According to the Travel & Leisure industry distribution chart, Grand Harbour Marina ranks #435 out of 654 companies for Debt-to-EBITDA. This places Grand Harbour Marina in the lower half of its industry. The industry median Debt-to-EBITDA is 2.42. Grand Harbour Marina's value of 3.37 is 39.5% above this benchmark. Historically, Grand Harbour Marina's own Debt-to-EBITDA has ranged from 3.21 to 21.40 over the past decade. While the company's 10-year median is 7.28 vs. the industry median of 2.42, Grand Harbour Marina 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 Travel & Leisure company?
The median Debt-to-EBITDA among Travel & Leisure companies is 2.42, based on 654 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. Grand Harbour Marina's current Debt-to-EBITDA of 3.37 is 39.5% 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 Grand Harbour Marina. For the Travel & Leisure industry, the median Debt-to-EBITDA is 2.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grand Harbour Marina's current Debt-to-EBITDA is 3.37, which is 54% below median its own 10-year median of 7.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grand Harbour Marina stock overvalued right now?
Based on GuruFocus' analysis, Grand Harbour Marina (MAL:GHM) is currently considered Modestly Overvalued. The stock's GF Value™ is €0.81, compared to a current price of €0.93 — trading 14.2% above its estimated fair value. The current Debt-to-EBITDA is 3.37, which is 54% below median its 10-year median of 7.28 and 39.5% above the Travel & Leisure industry median of 2.42. Grand Harbour Marina's overall GF Score™ is 50/100 with 8 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 Grand Harbour Marina (MAL:GHM), the current Debt-to-EBITDA is 3.37 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 Grand Harbour Marina (MAL:GHM) Overvalued in 2026?
Based on GuruFocus' analysis, Grand Harbour Marina stock appears to be overvalued.
The current stock price of €0.93 is trading 14.2% above its estimated GF Value™ of €0.81.
GuruFocus considers Grand Harbour Marina to be Modestly Overvalued.
Key valuation signals for MAL:GHM:
Debt-to-EBITDA: 3.37 (54% below median its 10-year median of 7.28)
GF Value™: €0.81 vs. price of €0.93 (14.2% above fair value)
Industry Position: 39.5% above the Travel & Leisure median (#435 of 654)
No single metric tells the full story. See the MAL:GHM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Grand Harbour Marina PLC is a Malta-based marina company. The principal business activities of the company and its joint venture are acquiring, developing, operating, and managing marinas. The group has two reportable segments, Grand Harbour Marina and IC Cesme Marina. The business operates in each of these two operating segments in the ownership and operation of marina facilities providing berthing and ancillary services for yachts and super-yachts. It generates maximum revenue from the Grand Harbour Marina segment.
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