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.
Piquadro SpAMIL:PQ -0.35%80 Debt-to-EBITDA is 2.18 as of Mar. 2026, which is 6% below its 10-year median of 2.32. GuruFocus rates MIL:PQ with a GF Score™ of 80/100 and a GF Value™ of €2.23 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 813 Manufacturing - Apparel & Accessories companies, Piquadro SpA ranks better than 54.98% 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 Piquadro SpA's Debt-to-EBITDA or its related term are showing as below:
MIL:PQ'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.52 Med: 2.32 Max: 9.74
Current: 2.31
During the past 13 years, the highest Debt-to-EBITDA Ratio of Piquadro SpA was 9.74. The lowest was 0.52. And the median was 2.32.
MIL:PQ's Debt-to-EBITDA is ranked better than 54.98% of 813
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.72
vs MIL:PQ: 2.31
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.
Piquadro SpA Debt-to-EBITDA Related Terms
Piquadro SpA Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Piquadro 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.
MIL:PQ vs NKE, DECK, ONON: Debt-to-EBITDA Comparison
For the Footwear & Accessories subindustry, Piquadro 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.
Piquadro SpA Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Piquadro SpA's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Piquadro 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 (Mar. 2026) EBITDA data.
Piquadro SpA (MIL:PQ) has a Debt-to-EBITDA of 2.18 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 Piquadro SpA. This is near median its historical median of 2.32. Over the past decade, Piquadro SpA's Debt-to-EBITDA has ranged from 0.52 to 9.74. According to the industry distribution chart, Piquadro SpA ranks #366 out of 813 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 45%.
Is Piquadro SpA's Debt-to-EBITDA too high?
Piquadro SpA's current Debt-to-EBITDA of 2.18 is near median its 10-year median of 2.32. Over the past 10 years, this metric has ranged from a low of 0.52 to a high of 9.74. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.72. Piquadro SpA's value of 2.18 is 19.9% below this industry median. Based on the distribution chart, Piquadro SpA ranks #366 out of 813 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Piquadro SpA has a GF Score™ of 80/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Piquadro SpA's Debt-to-EBITDA compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Piquadro SpA ranks #366 out of 813 companies for Debt-to-EBITDA. This puts Piquadro SpA in the upper half of its industry. The industry median Debt-to-EBITDA is 2.72. Piquadro SpA's value of 2.18 is 19.9% below this benchmark. Historically, Piquadro SpA's own Debt-to-EBITDA has ranged from 0.52 to 9.74 over the past decade. While the company's 10-year median is 2.32 vs. the industry median of 2.72, Piquadro SpA has consistently been below 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 813 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. Piquadro SpA's current Debt-to-EBITDA of 2.18 is 19.9% below 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 Piquadro 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. Piquadro SpA's current Debt-to-EBITDA is 2.18, which is near median its own 10-year median of 2.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Piquadro SpA stock overvalued right now?
Based on GuruFocus' analysis, Piquadro SpA (MIL:PQ) is currently considered Modestly Overvalued. The stock's GF Value™ is €2.23, compared to a current price of €2.85 — trading 27.8% above its estimated fair value. The current Debt-to-EBITDA is 2.18, which is near median its 10-year median of 2.32 and 19.9% below the Manufacturing - Apparel & Accessories industry median of 2.72. Piquadro SpA's overall GF Score™ is 80/100 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 Piquadro SpA (MIL:PQ), the current Debt-to-EBITDA is 2.18 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 Piquadro SpA (MIL:PQ) Overvalued in 2026?
Based on GuruFocus' analysis, Piquadro SpA stock appears to be overvalued.
The current stock price of €2.85 is trading 27.8% above its estimated GF Value™ of €2.23.
GuruFocus considers Piquadro SpA to be Modestly Overvalued.
Key valuation signals for MIL:PQ:
Debt-to-EBITDA: 2.18 (near median its 10-year median of 2.32)
GF Value™: €2.23 vs. price of €2.85 (27.8% above fair value)
Industry Position: 19.9% below the Manufacturing - Apparel & Accessories median (#366 of 813)
No single metric tells the full story. See the MIL:PQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Piquadro SpA operates in the leather goods market. It is engaged in the design, manufacturing, and marketing of leather goods. The company's product portfolio includes bags and briefcases, women's purses, small leather articles such as wallets, billfolds, key holders, etc., sneakers, jackets, and others. The products are marketed through Piquadro, The Bridge, and Lancel brands which are also the company's reportable segments. Maximum revenue is generated from the Piquadro segment. Geographically, the company derives maximum revenue from Europe (excluding Italy) followed by Italy, and other regions.
80GF Score
Get the complete analysis for MIL:PQ
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:PQ has been successfully added to your 
