MLLGF (Mullen Group) Debt-to-EBITDA : 3.31 (As of Mar. 2026) — 13% Above Median


MLLGF Mullen Group Ltd MLLGF
78 GF Score
Price $15.45
GF Value $11.52
Valuation Significantly Overvalued
! 10 Warning Signs
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What is Mullen Group Debt-to-EBITDA?

Mullen Group MLLGF 78 Debt-to-EBITDA is 3.31 as of Mar. 2026, which is 13% above its 10-year median of 2.92. GuruFocus rates MLLGF with a GF Score™ of 78/100 and a GF Value™ of $11.52 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 867 Transportation companies, Mullen Group ranks worse than 57.67% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Mullen Group's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $33 Mil. Mullen Group's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $732 Mil. Mullen Group's annualized EBITDA for the quarter that ended in Mar. 2026 was $231 Mil. Mullen Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.31.

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.

The historical rank and industry rank for Mullen Group's Debt-to-EBITDA or its related term are showing as below:

MLLGF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.99   Med: 2.92   Max: 6.17
Current: 3.13

During the past 13 years, the highest Debt-to-EBITDA Ratio of Mullen Group was 6.17. The lowest was 1.99. And the median was 2.92.

MLLGF's Debt-to-EBITDA is ranked worse than
57.67% of 867 companies
in the Transportation industry
Industry Median: 2.63 vs MLLGF: 3.13

Mullen Group  (OTCPK:MLLGF) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Mullen Group Debt-to-EBITDA Related Terms


Mullen Group Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Mullen Group'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.

Mullen Group Debt-to-EBITDA Chart

Mullen Group Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.10 1.99 2.27 3.00 3.22

Mullen Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.54 3.72 3.02 3.36 3.31

MLLGF vs ODFL, XPO, KNX: Debt-to-EBITDA Comparison

For the Trucking subindustry, Mullen Group'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.


Mullen Group Debt-to-EBITDA vs Transportation Industry

For the Transportation industry and Industrials sector, Mullen Group's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Mullen Group's Debt-to-EBITDA falls into.


MLLGF
78GF Score
Mullen Group Ltd MLLGF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mullen Group Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Mullen Group's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(33.303 + 731.139) / 237.111
=3.22

Mullen Group's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(33.33 + 732.04) / 230.996
=3.31

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.31 mean?
Mullen Group (MLLGF) has a Debt-to-EBITDA of 3.31 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 Mullen Group. This is 13% above median its historical median of 2.92. Over the past decade, Mullen Group's Debt-to-EBITDA has ranged from 1.99 to 6.17. According to the industry distribution chart, Mullen Group ranks #500 out of 867 companies in the Transportation industry, placing it in the top 57.7%.
Is Mullen Group's Debt-to-EBITDA too high?
Mullen Group's current Debt-to-EBITDA of 3.31 is 13% above median its 10-year median of 2.92. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 6.17. The Transportation industry median Debt-to-EBITDA is 2.63. Mullen Group's value of 3.31 is 25.9% above this industry median. Based on the distribution chart, Mullen Group ranks #500 out of 867 companies in the Transportation industry, which is below the industry midpoint. Overall, Mullen Group has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mullen Group's Debt-to-EBITDA compare to ODFL and XPO?
According to the Transportation industry distribution chart, Mullen Group ranks #500 out of 867 companies for Debt-to-EBITDA. This places Mullen Group in the lower half of its industry. The industry median Debt-to-EBITDA is 2.63. Mullen Group's value of 3.31 is 25.9% above this benchmark. Historically, Mullen Group's own Debt-to-EBITDA has ranged from 1.99 to 6.17 over the past decade. While the company's 10-year median is 2.92 vs. the industry median of 2.63, Mullen Group 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 Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.63, based on 867 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. Mullen Group's current Debt-to-EBITDA of 3.31 is 25.9% 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 Mullen Group. For the Transportation industry, the median Debt-to-EBITDA is 2.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mullen Group's current Debt-to-EBITDA is 3.31, which is 13% above median its own 10-year median of 2.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mullen Group stock overvalued right now?
Based on GuruFocus' analysis, Mullen Group (MLLGF) is currently considered Significantly Overvalued. The stock's GF Value™ is $11.52, compared to a current price of $15.45 — trading 34.1% above its estimated fair value. The current Debt-to-EBITDA is 3.31, which is 13% above median its 10-year median of 2.92 and 25.9% above the Transportation industry median of 2.63. Mullen Group's overall GF Score™ is 78/100 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 Mullen Group (MLLGF), the current Debt-to-EBITDA is 3.31 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 Mullen Group (MLLGF) Overvalued in 2026?

Based on GuruFocus' analysis, Mullen Group stock appears to be overvalued. The current stock price of $15.45 is trading 34.1% above its estimated GF Value™ of $11.52. GuruFocus considers Mullen Group to be Significantly Overvalued.

Key valuation signals for MLLGF:

  • Debt-to-EBITDA: 3.31 (13% above median its 10-year median of 2.92)
  • GF Value™: $11.52 vs. price of $15.45 (34.1% above fair value)
  • GF Score™: 78/100 with 10 warning signs
  • Industry Position: 25.9% above the Transportation median (#500 of 867)

No single metric tells the full story. See the MLLGF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mullen Group Business Description

Other Exchanges 9MU:GermanyMTL:Canada
Address 121A 31 Southridge Drive, Okotoks, AB, CAN, T1S 2N3
Mullen Group Ltd is a logistics provider with a network of independently operated businesses providing a wide range of service offerings, including less-than-truckload, truckload, Specialized & Industrial Services, warehousing and logistics, U.S. and International Logistics, and Corporate. The segments of the company are Less-Than-Truckload, Logistics and Warehousing, Specialized and Industrial Services, U.S. and International Logistics, and Corporate segment. The company derives the majority of its revenue from the Less-Than-Truckload segment and geographical revenue from Canada. The company also provides a diverse set of specialized services related to the energy, mining, forestry, and construction industries in western Canada.
78GF Score

Get the complete analysis for MLLGF

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.45
Price
$11.52
GF Value