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Devyani InternationalNSE:DEVYANI +1.41%77 Debt-to-EBITDA is 4.09 as of Mar. 2026, which is 7% below its 10-year median of 4.40. GuruFocus rates NSE:DEVYANI with a GF Score™ of 77/100 and a GF Value™ of ₹243.11 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 300 Restaurants companies, Devyani International ranks worse than 68% 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 Devyani International's Debt-to-EBITDA or its related term are showing as below:
NSE:DEVYANI'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.35 Med: 4.4 Max: 5.37
Current: 4.39
During the past 8 years, the highest Debt-to-EBITDA Ratio of Devyani International was 5.37. The lowest was 2.35. And the median was 4.40.
NSE:DEVYANI's Debt-to-EBITDA is ranked worse than 68% of 300
companies
in the Restaurants industry
Industry Median: 2.905
vs NSE:DEVYANI: 4.39
Devyani International (NSE:DEVYANI) 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.
Devyani International Debt-to-EBITDA Related Terms
Devyani International Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Devyani International'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.
NSE:DEVYANI vs MCD, SBUX, YUM: Debt-to-EBITDA Comparison
For the Restaurants subindustry, Devyani International'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.
Devyani International Debt-to-EBITDA vs Restaurants Industry
For the Restaurants industry and Consumer Cyclical sector, Devyani International's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Devyani International'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 four times the quarterly (Mar. 2026) EBITDA data.
Devyani International (NSE:DEVYANI) has a Debt-to-EBITDA of 4.09 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 Devyani International. This is near median its historical median of 4.40. Over the past decade, Devyani International's Debt-to-EBITDA has ranged from 2.35 to 5.37. According to the industry distribution chart, Devyani International ranks #204 out of 300 companies in the Restaurants industry, placing it in the top 68%.
Is Devyani International's Debt-to-EBITDA too high?
Devyani International's current Debt-to-EBITDA of 4.09 is near median its 10-year median of 4.40. Over the past 10 years, this metric has ranged from a low of 2.35 to a high of 5.37. The Restaurants industry median Debt-to-EBITDA is 2.91. Devyani International's value of 4.09 is 40.8% above this industry median. Based on the distribution chart, Devyani International ranks #204 out of 300 companies in the Restaurants industry, which is below the industry midpoint. Overall, Devyani International has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Devyani International's Debt-to-EBITDA compare to MCD and SBUX?
According to the Restaurants industry distribution chart, Devyani International ranks #204 out of 300 companies for Debt-to-EBITDA. This places Devyani International in the lower half of its industry. The industry median Debt-to-EBITDA is 2.91. Devyani International's value of 4.09 is 40.8% above this benchmark. Historically, Devyani International's own Debt-to-EBITDA has ranged from 2.35 to 5.37 over the past decade. While the company's 10-year median is 4.40 vs. the industry median of 2.91, Devyani International 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 Restaurants company?
The median Debt-to-EBITDA among Restaurants companies is 2.91, based on 300 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. Devyani International's current Debt-to-EBITDA of 4.09 is 40.8% 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 Devyani International. For the Restaurants industry, the median Debt-to-EBITDA is 2.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Devyani International's current Debt-to-EBITDA is 4.09, which is near median its own 10-year median of 4.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Devyani International stock overvalued right now?
Based on GuruFocus' analysis, Devyani International (NSE:DEVYANI) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹243.11, compared to a current price of ₹112.00 — trading 53.9% below its estimated fair value. The current Debt-to-EBITDA is 4.09, which is near median its 10-year median of 4.40 and 40.8% above the Restaurants industry median of 2.91. Devyani International's overall GF Score™ is 77/100 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 Devyani International (NSE:DEVYANI), the current Debt-to-EBITDA is 4.09 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 Devyani International (NSE:DEVYANI) Overvalued in 2026?
Based on GuruFocus' analysis, Devyani International stock appears to be undervalued.
The current stock price of ₹112.00 is trading 53.9% below its estimated GF Value™ of ₹243.11.
GuruFocus considers Devyani International to be Significantly Undervalued.
Key valuation signals for NSE:DEVYANI:
Debt-to-EBITDA: 4.09 (near median its 10-year median of 4.40)
GF Value™: ₹243.11 vs. price of ₹112.00 (53.9% below fair value)
Industry Position: 40.8% above the Restaurants median (#204 of 300)
No single metric tells the full story. See the NSE:DEVYANI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Devyani International Ltd is a franchisee of Yum Brands in India and is among the largest operators of a quick-service restaurant chain (QSR chain), operating around 1,243 stores across 155 cities in India. Companies products includes PizzaHut, KFC, Costa Coffee, Vaang.o, The Food Street, and more. Geographically, operates domestically and internationally, with the majority of revenue from India.
77GF Score
Get the complete analysis for NSE:DEVYANI
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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