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.
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.
GM Leather SpAMIL:GML +1.45%64 Debt-to-EBITDA is 4.77 as of Dec. 2025, which is 27% above its 10-year median of 3.77. GuruFocus rates MIL:GML with a GF Score™ of 64/100 and a GF Value™ of €1.20 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 809 Manufacturing - Apparel & Accessories companies, GM Leather SpA ranks worse than 68.36% 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 GM Leather SpA's Debt-to-EBITDA or its related term are showing as below:
MIL:GML'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.13 Med: 3.77 Max: 4.55
Current: 4.47
During the past 6 years, the highest Debt-to-EBITDA Ratio of GM Leather SpA was 4.55. The lowest was 3.13. And the median was 3.77.
MIL:GML's Debt-to-EBITDA is ranked worse than 68.36% of 809
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.72
vs MIL:GML: 4.47
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.
GM Leather SpA Debt-to-EBITDA Related Terms
GM Leather SpA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for GM Leather SpA'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.
For the Textile Manufacturing subindustry, GM Leather SpA'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.
GM Leather SpA Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, GM Leather SpA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where GM Leather SpA'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.
GM Leather SpA (MIL:GML) has a Debt-to-EBITDA of 4.77 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 GM Leather SpA. This is 27% above median its historical median of 3.77. Over the past decade, GM Leather SpA's Debt-to-EBITDA has ranged from 3.13 to 4.55. According to the industry distribution chart, GM Leather SpA ranks #553 out of 809 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 68.4%.
Is GM Leather SpA's Debt-to-EBITDA too high?
GM Leather SpA's current Debt-to-EBITDA of 4.77 is 27% above median its 10-year median of 3.77. Over the past 10 years, this metric has ranged from a low of 3.13 to a high of 4.55. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.72. GM Leather SpA's value of 4.77 is 75.4% above this industry median. Based on the distribution chart, GM Leather SpA ranks #553 out of 809 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, GM Leather SpA has a GF Score™ of 64/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does GM Leather SpA's Debt-to-EBITDA compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, GM Leather SpA ranks #553 out of 809 companies for Debt-to-EBITDA. This places GM Leather SpA in the lower half of its industry. The industry median Debt-to-EBITDA is 2.72. GM Leather SpA's value of 4.77 is 75.4% above this benchmark. Historically, GM Leather SpA's own Debt-to-EBITDA has ranged from 3.13 to 4.55 over the past decade. While the company's 10-year median is 3.77 vs. the industry median of 2.72, GM Leather SpA 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-EBITDA among Manufacturing - Apparel & Accessories companies is 2.72, based on 809 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. GM Leather SpA's current Debt-to-EBITDA of 4.77 is 75.4% 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 GM Leather SpA. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-EBITDA is 2.72 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GM Leather SpA's current Debt-to-EBITDA is 4.77, which is 27% above median its own 10-year median of 3.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GM Leather SpA stock overvalued right now?
Based on GuruFocus' analysis, GM Leather SpA (MIL:GML) is currently considered Possible Value Trap. The stock's GF Value™ is €1.20, compared to a current price of €0.70 — trading 41.7% below its estimated fair value. The current Debt-to-EBITDA is 4.77, which is 27% above median its 10-year median of 3.77 and 75.4% above the Manufacturing - Apparel & Accessories industry median of 2.72. GM Leather SpA's overall GF Score™ is 64/100 with 9 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 GM Leather SpA (MIL:GML), the current Debt-to-EBITDA is 4.77 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 GM Leather SpA (MIL:GML) Overvalued in 2026?
Based on GuruFocus' analysis, GM Leather SpA stock appears to be undervalued.
The current stock price of €0.70 is trading 41.7% below its estimated GF Value™ of €1.20.
GuruFocus considers GM Leather SpA to be Possible Value Trap.
Key valuation signals for MIL:GML:
Debt-to-EBITDA: 4.77 (27% above median its 10-year median of 3.77)
GF Value™: €1.20 vs. price of €0.70 (41.7% below fair value)
Industry Position: 75.4% above the Manufacturing - Apparel & Accessories median (#553 of 809)
No single metric tells the full story. See the MIL:GML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GM Leather SpA engages in the treatment, processing, and marketing of bovine leather. Its products are predominantly intended for the furniture, leather goods, and footwear industries. Geographically, the company derives its maximum revenue from non-EU countries followed by Italy and EU countries.
64GF Score
Get the complete analysis for MIL:GML
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MIL:GML has been successfully added to your 
