Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Debt-to-EBITDA : 4.12 (As of Mar. 2026) — Near Median

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MUS:MHAS Al Maha Petroleum Products Marketing Co SAOG MUS:MHAS
100 GF Score
Price ر.ع1.20
GF Value ر.ع1.06
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Al Maha Petroleum Products Marketing CoOG Debt-to-EBITDA?

Al Maha Petroleum Products Marketing CoOG MUS:MHAS +1.69% 100 Debt-to-EBITDA is 4.12 as of Mar. 2026, which is 2% above its 10-year median of 4.05. GuruFocus rates MUS:MHAS with a GF Score™ of 100/100 and a GF Value™ of ر.ع1.06 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 704 Oil & Gas companies, Al Maha Petroleum Products Marketing CoOG ranks worse than 78.55% on this metric.

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

Al Maha Petroleum Products Marketing CoOG's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ر.ع68.4 Mil. Al Maha Petroleum Products Marketing CoOG's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ر.ع6.1 Mil. Al Maha Petroleum Products Marketing CoOG's annualized EBITDA for the quarter that ended in Mar. 2026 was ر.ع18.1 Mil. Al Maha Petroleum Products Marketing CoOG's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 4.12.

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 Al Maha Petroleum Products Marketing CoOG's Debt-to-EBITDA or its related term are showing as below:

MUS:MHAS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.26   Med: 4.05   Max: 6.2
Current: 4.7

During the past 13 years, the highest Debt-to-EBITDA Ratio of Al Maha Petroleum Products Marketing CoOG was 6.20. The lowest was 1.26. And the median was 4.05.

MUS:MHAS's Debt-to-EBITDA is ranked worse than
78.55% of 704 companies
in the Oil & Gas industry
Industry Median: 2.015 vs MUS:MHAS: 4.70

Al Maha Petroleum Products Marketing CoOG  (MUS:MHAS) 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.


Al Maha Petroleum Products Marketing CoOG Debt-to-EBITDA Related Terms


Al Maha Petroleum Products Marketing CoOG Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Al Maha Petroleum Products Marketing CoOG'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.

Al Maha Petroleum Products Marketing CoOG Debt-to-EBITDA Chart

Al Maha Petroleum Products Marketing CoOG 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 4.33 3.56 4.43 3.69 4.22

Al Maha Petroleum Products Marketing CoOG 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 4.24 3.14 3.55 5.79 4.12

MUS:MHAS vs VLO, MPC, PSX: Debt-to-EBITDA Comparison

For the Oil & Gas Refining & Marketing subindustry, Al Maha Petroleum Products Marketing CoOG'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.


Al Maha Petroleum Products Marketing CoOG Debt-to-EBITDA vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Al Maha Petroleum Products Marketing CoOG's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Al Maha Petroleum Products Marketing CoOG's Debt-to-EBITDA falls into.


MUS:MHAS
100GF Score
Al Maha Petroleum Products Marketing Co SAOG MUS:MHAS
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
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Al Maha Petroleum Products Marketing CoOG Debt-to-EBITDA Calculation

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

Al Maha Petroleum Products Marketing CoOG'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
=(53.321 + 6.326) / 14.131
=4.22

Al Maha Petroleum Products Marketing CoOG'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
=(68.388 + 6.143) / 18.084
=4.12

* 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 4.12 mean?
Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) has a Debt-to-EBITDA of 4.12 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 Al Maha Petroleum Products Marketing CoOG. This is near median its historical median of 4.05. Over the past decade, Al Maha Petroleum Products Marketing CoOG's Debt-to-EBITDA has ranged from 1.26 to 6.20. According to the industry distribution chart, Al Maha Petroleum Products Marketing CoOG ranks #553 out of 704 companies in the Oil & Gas industry, placing it in the top 78.6%.
Is Al Maha Petroleum Products Marketing CoOG's Debt-to-EBITDA too high?
Al Maha Petroleum Products Marketing CoOG's current Debt-to-EBITDA of 4.12 is near median its 10-year median of 4.05. Over the past 10 years, this metric has ranged from a low of 1.26 to a high of 6.20. The Oil & Gas industry median Debt-to-EBITDA is 2.02. Al Maha Petroleum Products Marketing CoOG's value of 4.12 is 104.5% above this industry median. Based on the distribution chart, Al Maha Petroleum Products Marketing CoOG ranks #553 out of 704 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Al Maha Petroleum Products Marketing CoOG has a GF Score™ of 100/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Al Maha Petroleum Products Marketing CoOG's Debt-to-EBITDA compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Al Maha Petroleum Products Marketing CoOG ranks #553 out of 704 companies for Debt-to-EBITDA. This places Al Maha Petroleum Products Marketing CoOG in the lower half of its industry. The industry median Debt-to-EBITDA is 2.02. Al Maha Petroleum Products Marketing CoOG's value of 4.12 is 104.5% above this benchmark. Historically, Al Maha Petroleum Products Marketing CoOG's own Debt-to-EBITDA has ranged from 1.26 to 6.20 over the past decade. While the company's 10-year median is 4.05 vs. the industry median of 2.02, Al Maha Petroleum Products Marketing CoOG 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 an Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.02, based on 704 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. Al Maha Petroleum Products Marketing CoOG's current Debt-to-EBITDA of 4.12 is 104.5% 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 Al Maha Petroleum Products Marketing CoOG. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Al Maha Petroleum Products Marketing CoOG's current Debt-to-EBITDA is 4.12, which is near median its own 10-year median of 4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Maha Petroleum Products Marketing CoOG stock overvalued right now?
Based on GuruFocus' analysis, Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) is currently considered Modestly Overvalued. The stock's GF Value™ is ر.ع1.06, compared to a current price of ر.ع1.20 — trading 13.2% above its estimated fair value. The current Debt-to-EBITDA is 4.12, which is near median its 10-year median of 4.05 and 104.5% above the Oil & Gas industry median of 2.02. Al Maha Petroleum Products Marketing CoOG's overall GF Score™ is 100/100 with 3 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 Al Maha Petroleum Products Marketing CoOG (MUS:MHAS), the current Debt-to-EBITDA is 4.12 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 Al Maha Petroleum Products Marketing CoOG (MUS:MHAS) Overvalued in 2026?

Based on GuruFocus' analysis, Al Maha Petroleum Products Marketing CoOG stock appears to be overvalued. The current stock price of ر.ع1.20 is trading 13.2% above its estimated GF Value™ of ر.ع1.06. GuruFocus considers Al Maha Petroleum Products Marketing CoOG to be Modestly Overvalued.

Key valuation signals for MUS:MHAS:

  • Debt-to-EBITDA: 4.12 (near median its 10-year median of 4.05)
  • GF Value™: ر.ع1.06 vs. price of ر.ع1.20 (13.2% above fair value)
  • GF Score™: 100/100 with 3 warning signs
  • Industry Position: 104.5% above the Oil & Gas median (#553 of 704)

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


Al Maha Petroleum Products Marketing CoOG Business Description

Industry EnergyOil & Gas
Address Mina Al Fahal, P.O. Box 57, Mina Al Fahal, OMN, 116
Al Maha Petroleum Products Marketing Co SAOG engaged in strategic marketing and distributing a diverse range of petroleum products, including Gasoline (M91 & M95), diesel, aviation fuel, kerosene, and lubricants. The company maintains a network of service stations throughout Oman. Its product portfolio covers Gasoline, Diesel, Aviation fuel, Kerosene, and Lubricants. The company operates its business through the segments of Retail sales, Commercial sales, Aviation, Non-Fuel Revenue and Lubricant. The retail sales segment derives key revenue for the company which includes sales made through company-operated stations, dealer-operated stations, and third-party-operated stations.
100GF Score

Get the complete analysis for MUS:MHAS

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

ر.ع1.20
Price
ر.ع1.06
GF Value