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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 Manulife US REIT's Debt-to-EBITDA or its related term are showing as below:
MNULF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -22.28 Med: 0.53 Max: 14
Current: -14.84
During the past 13 years, the highest Debt-to-EBITDA Ratio of Manulife US REIT was 14.00. The lowest was -22.28. And the median was 0.53.
MNULF's Debt-to-EBITDA is ranked worse than 100% of 573
companies
in the REITs industry
Industry Median: 6.55
vs MNULF: -14.84
Manulife US REIT (OTCPK:MNULF) Debt-to-EBITDA Explanation
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.
Manulife US REIT Debt-to-EBITDA Related Terms
Manulife US REIT Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Manulife US REIT'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 REIT - Office subindustry, Manulife US REIT'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.
Manulife US REIT Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Manulife US REIT's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Manulife US REIT'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.
Manulife US REIT (MNULF) has a Debt-to-EBITDA of -28.41 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 Manulife US REIT. According to the industry distribution chart, Manulife US REIT ranks #999999 out of 573 companies in the REITs industry.
Is Manulife US REIT's Debt-to-EBITDA too high?
Manulife US REIT's current Debt-to-EBITDA is -28.41. Based on the distribution chart, Manulife US REIT ranks #999999 out of 573 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Manulife US REIT has a GF Score™ of 29/100, reflecting its overall financial health beyond just this single metric.
How does Manulife US REIT's Debt-to-EBITDA compare to BXP and ARE?
According to the REITs industry distribution chart, Manulife US REIT ranks #999999 out of 573 companies for Debt-to-EBITDA. This places Manulife US REIT in the lower half of its industry. The industry median Debt-to-EBITDA is 6.55. 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 6.55, based on 573 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. 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 Manulife US REIT. For the REITs industry, the median Debt-to-EBITDA is 6.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Manulife US REIT's current Debt-to-EBITDA is -28.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife US REIT stock overvalued right now?
Manulife US REIT (MNULF) has a current Debt-to-EBITDA of -28.41. The stock's GF Value™ is $0.13, compared to a current price of $0.13 — trading 2% below its estimated fair value. The current Debt-to-EBITDA is -28.41. Manulife US REIT's overall GF Score™ is 29/100 with 7 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 Manulife US REIT (MNULF), the current Debt-to-EBITDA is -28.41 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 Manulife US REIT (MNULF) Overvalued in 2026?
Based on GuruFocus' analysis, Manulife US REIT stock appears to be undervalued.
The current stock price of $0.13 is trading 2% below its estimated GF Value™ of $0.13.
Key valuation signals for MNULF:
Debt-to-EBITDA: -28.41
GF Value™: $0.13 vs. price of $0.13 (2% below fair value)
No single metric tells the full story. See the MNULF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Manulife US REIT is a pure-play U.S. office REIT in Asia. The company along with its subsidiaries invests, directly or indirectly, in a portfolio of income-producing office real estate in markets in the U.S., as well as real estate-related assets. The Group's investment properties comprise commercial office properties. Some of its properties include Figueroa and Michelson in California along with Plaza and Exchange in New Jersey. Geographically, the majority is derived from the United States.
29GF Score
Get the complete analysis for MNULF
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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