NCRBF (Nippon Carbon Co) Debt-to-EBITDA : 0.61 (As of Dec. 2025) — 34% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

NCRBF Nippon Carbon Co Ltd NCRBF
82 GF Score
Price $27.63
GF Value $28.81
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Nippon Carbon Co Debt-to-EBITDA?

Nippon Carbon Co NCRBF 82 Debt-to-EBITDA is 0.61 as of Dec. 2025, which is 34% below its 10-year median of 0.92. GuruFocus rates NCRBF with a GF Score™ of 82/100 and a GF Value™ of $28.81 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,235 Chemicals companies, Nippon Carbon Co ranks better than 70.12% on this metric.

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

Nippon Carbon Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $65.1 Mil. Nippon Carbon Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $1.2 Mil. Nippon Carbon Co's annualized EBITDA for the quarter that ended in Dec. 2025 was $109.1 Mil. Nippon Carbon Co's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 0.61.

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 Nippon Carbon Co's Debt-to-EBITDA or its related term are showing as below:

NCRBF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -6.8   Med: 0.92   Max: 3.17
Current: 0.94

During the past 13 years, the highest Debt-to-EBITDA Ratio of Nippon Carbon Co was 3.17. The lowest was -6.80. And the median was 0.92.

NCRBF's Debt-to-EBITDA is ranked better than
70.12% of 1235 companies
in the Chemicals industry
Industry Median: 2.16 vs NCRBF: 0.94

Nippon Carbon Co  (OTCPK:NCRBF) 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.


Nippon Carbon Co Debt-to-EBITDA Related Terms


Nippon Carbon Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Nippon Carbon Co'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.

Nippon Carbon Co Debt-to-EBITDA Chart

Nippon Carbon Co 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 1.54 1.17 0.91 0.93 0.90

Nippon Carbon Co 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 1.96 0.56 1.52 0.61 2.99

NCRBF vs LIN, SHW, ECL: Debt-to-EBITDA Comparison

For the Specialty Chemicals subindustry, Nippon Carbon Co'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.


Nippon Carbon Co Debt-to-EBITDA vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Carbon Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Nippon Carbon Co's Debt-to-EBITDA falls into.


NCRBF
82GF Score
Nippon Carbon Co Ltd NCRBF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Carbon Co Debt-to-EBITDA Calculation

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

Nippon Carbon Co'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
=(65.106 + 1.154) / 73.598
=0.90

Nippon Carbon Co's annualized Debt-to-EBITDA for the quarter 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
=(65.106 + 1.154) / 109.084
=0.61

* 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 (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.61 mean?
Nippon Carbon Co (NCRBF) has a Debt-to-EBITDA of 0.61 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 Nippon Carbon Co. This is 34% below median its historical median of 0.92. According to the industry distribution chart, Nippon Carbon Co ranks #369 out of 1235 companies in the Chemicals industry, placing it in the top 29.9%.
Is Nippon Carbon Co's Debt-to-EBITDA too high?
Nippon Carbon Co's current Debt-to-EBITDA of 0.61 is 34% below median its 10-year median of 0.92. The Chemicals industry median Debt-to-EBITDA is 2.16. Nippon Carbon Co's value of 0.61 is 71.8% below this industry median. Based on the distribution chart, Nippon Carbon Co ranks #369 out of 1235 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nippon Carbon Co has a GF Score™ of 82/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Nippon Carbon Co's Debt-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nippon Carbon Co ranks #369 out of 1235 companies for Debt-to-EBITDA. This puts Nippon Carbon Co in the upper half of its industry. The industry median Debt-to-EBITDA is 2.16. Nippon Carbon Co's value of 0.61 is 71.8% below this benchmark. While the company's 10-year median is 0.92 vs. the industry median of 2.16, Nippon Carbon Co 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 Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 2.16, based on 1,235 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. Nippon Carbon Co's current Debt-to-EBITDA of 0.61 is 71.8% 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 Nippon Carbon Co. For the Chemicals industry, the median Debt-to-EBITDA is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Carbon Co's current Debt-to-EBITDA is 0.61, which is 34% below median its own 10-year median of 0.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Carbon Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Carbon Co (NCRBF) is currently considered Fairly Valued. The stock's GF Value™ is $28.81, compared to a current price of $27.63 — trading 4.1% below its estimated fair value. The current Debt-to-EBITDA is 0.61, which is 34% below median its 10-year median of 0.92 and 71.8% below the Chemicals industry median of 2.16. Nippon Carbon Co's overall GF Score™ is 82/100 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 Nippon Carbon Co (NCRBF), the current Debt-to-EBITDA is 0.61 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 Nippon Carbon Co (NCRBF) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Carbon Co stock appears to be undervalued. The current stock price of $27.63 is trading 4.1% below its estimated GF Value™ of $28.81. GuruFocus considers Nippon Carbon Co to be Fairly Valued.

Key valuation signals for NCRBF:

  • Debt-to-EBITDA: 0.61 (34% below median its 10-year median of 0.92)
  • GF Value™: $28.81 vs. price of $27.63 (4.1% below fair value)
  • GF Score™: 82/100 with 3 warning signs
  • Industry Position: 71.8% below the Chemicals median (#369 of 1235)

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


Nippon Carbon Co Business Description

Other Exchanges 5302:JapanNPV:Germany
Address 6-1, Hacchobori 2-chome, Chuo ku, Tokyo, JPN, 104-0032
Nippon Carbon Co Ltd engages in the manufacture and sale of carbon products. It provides products in following categories: Carbon Products, Silicon carbide products, and Others. The Carbon Products include artificial graphite electrode, impervious graphite products, isotropic high purity graphite products, a machine for graphite products, general purpose carbon fibers, and graphite fibers, containing resin graphite fibers made of packing, flexible graphite sealing material, and node material for lithium ion battery. Silicon carbide products are involved in the development and sale of ceramic matrix composite. Other category deals with manufacturing industrial machinery, mechanical repair, building and parking leasing.
82GF Score

Get the complete analysis for NCRBF

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

$27.63
Price
$28.81
GF Value