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Macerich CoMEX:MAC 58 Debt-to-EBITDA is 10.96 as of Mar. 2026, which is 15% above its 10-year median of 9.53. GuruFocus rates MEX:MAC with a GF Score™ of 58/100 and a GF Value™ of MXN198.89. The stock has 10 warning signs investors should review. Among 578 REITs companies, Macerich Co ranks worse than 83.91% 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 Macerich Co's Debt-to-EBITDA or its related term are showing as below:
MEX:MAC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.65 Med: 9.53 Max: 39.36
Current: 11.78
During the past 13 years, the highest Debt-to-EBITDA Ratio of Macerich Co was 39.36. The lowest was 4.65. And the median was 9.53.
MEX:MAC's Debt-to-EBITDA is ranked worse than 83.91% of 578
companies
in the REITs industry
Industry Median: 6.49
vs MEX:MAC: 11.78
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.
Macerich Co Debt-to-EBITDA Related Terms
Macerich Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Macerich Co'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.
MEX:MAC vs EPRT, KRG, NNN: Debt-to-EBITDA Comparison
For the REIT - Retail subindustry, Macerich Co'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.
Macerich Co Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Macerich Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Macerich Co'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 (Mar. 2026) EBITDA data.
Macerich Co (MEX:MAC) has a Debt-to-EBITDA of 10.96 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 Macerich Co. This is 15% above median its historical median of 9.53. Over the past decade, Macerich Co's Debt-to-EBITDA has ranged from 4.65 to 39.36. According to the industry distribution chart, Macerich Co ranks #485 out of 578 companies in the REITs industry, placing it in the top 83.9%.
Is Macerich Co's Debt-to-EBITDA too high?
Macerich Co's current Debt-to-EBITDA of 10.96 is 15% above median its 10-year median of 9.53. Over the past 10 years, this metric has ranged from a low of 4.65 to a high of 39.36. The REITs industry median Debt-to-EBITDA is 6.49. Macerich Co's value of 10.96 is 68.9% above this industry median. Based on the distribution chart, Macerich Co ranks #485 out of 578 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Macerich Co has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does Macerich Co's Debt-to-EBITDA compare to EPRT and KRG?
According to the REITs industry distribution chart, Macerich Co ranks #485 out of 578 companies for Debt-to-EBITDA. This places Macerich Co in the lower half of its industry. The industry median Debt-to-EBITDA is 6.49. Macerich Co's value of 10.96 is 68.9% above this benchmark. Historically, Macerich Co's own Debt-to-EBITDA has ranged from 4.65 to 39.36 over the past decade. While the company's 10-year median is 9.53 vs. the industry median of 6.49, Macerich Co 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 REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 578 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. Macerich Co's current Debt-to-EBITDA of 10.96 is 68.9% 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 Macerich Co. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Macerich Co's current Debt-to-EBITDA is 10.96, which is 15% above median its own 10-year median of 9.53. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Macerich Co stock overvalued right now?
Macerich Co (MEX:MAC) has a current Debt-to-EBITDA of 10.96. The stock's GF Value™ is MXN198.89, compared to a current price of MXN320.00 — trading 60.9% above its estimated fair value. The current Debt-to-EBITDA is 10.96, which is 15% above median its 10-year median of 9.53 and 68.9% above the REITs industry median of 6.49. Macerich Co's overall GF Score™ is 58/100 with 10 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 Macerich Co (MEX:MAC), the current Debt-to-EBITDA is 10.96 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 Macerich Co (MEX:MAC) Overvalued in 2026?
Based on GuruFocus' analysis, Macerich Co stock appears to be overvalued.
The current stock price of MXN320.00 is trading 60.9% above its estimated GF Value™ of MXN198.89.
Key valuation signals for MEX:MAC:
Debt-to-EBITDA: 10.96 (15% above median its 10-year median of 9.53)
GF Value™: MXN198.89 vs. price of MXN320.00 (60.9% above fair value)
Industry Position: 68.9% above the REITs median (#485 of 578)
No single metric tells the full story. See the MEX:MAC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Macerich invests in premium mall assets. The company owns 27 regional malls in its consolidated portfolio and 10 regional malls in its unconsolidated portfolio along with a power center and seven other real estate assets. The company's total portfolio has 39.9 million square feet of gross leasable area and averaged $867 sales per square foot over the 12 months ended in September 2025.
58GF Score
Get the complete analysis for MEX:MAC
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