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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 JSW Steel's Debt-to-EBITDA or its related term are showing as below:
NSE:JSWSTEEL'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.8 Med: 3.4 Max: 5.5
Current: 2.38
During the past 13 years, the highest Debt-to-EBITDA Ratio of JSW Steel was 5.50. The lowest was 1.80. And the median was 3.40.
NSE:JSWSTEEL's Debt-to-EBITDA is ranked better than 56.85% of 496
companies
in the Steel industry
Industry Median: 2.935
vs NSE:JSWSTEEL: 2.38
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.
JSW Steel Debt-to-EBITDA Related Terms
JSW Steel Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for JSW Steel'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:JSWSTEEL vs NUE, STLD, RS: Debt-to-EBITDA Comparison
For the Steel subindustry, JSW Steel'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.
JSW Steel Debt-to-EBITDA vs Steel Industry
For the Steel industry and Basic Materials sector, JSW Steel's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where JSW Steel'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 (Jun. 2026) EBITDA data.
JSW Steel (NSE:JSWSTEEL) has a Debt-to-EBITDA of 0.00 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on JSW Steel. Over the past decade, JSW Steel's Debt-to-EBITDA has ranged from 1.80 to 5.50. According to the industry distribution chart, JSW Steel ranks #214 out of 496 companies in the Steel industry, placing it in the top 43.1%.
Is JSW Steel's Debt-to-EBITDA too high?
JSW Steel's current Debt-to-EBITDA is 0.00. Over the past 10 years, this metric has ranged from a low of 1.80 to a high of 5.50. Based on the distribution chart, JSW Steel ranks #214 out of 496 companies in the Steel industry, which is above the industry midpoint. Overall, JSW Steel has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does JSW Steel's Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, JSW Steel ranks #214 out of 496 companies for Debt-to-EBITDA. This puts JSW Steel in the upper half of its industry. The industry median Debt-to-EBITDA is 2.94. Historically, JSW Steel's own Debt-to-EBITDA has ranged from 1.80 to 5.50 over the past decade. 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 Steel company?
The median Debt-to-EBITDA among Steel companies is 2.94, based on 496 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 JSW Steel. For the Steel industry, the median Debt-to-EBITDA is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. JSW Steel's current Debt-to-EBITDA is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is JSW Steel stock overvalued right now?
Based on GuruFocus' analysis, JSW Steel (NSE:JSWSTEEL) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹1,101.40, compared to a current price of ₹1,275.00 — trading 15.8% above its estimated fair value. The current Debt-to-EBITDA is 0.00. JSW Steel's overall GF Score™ is 90/100 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 JSW Steel (NSE:JSWSTEEL), the current Debt-to-EBITDA is 0.00 as of Jun. 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 JSW Steel (NSE:JSWSTEEL) Overvalued in 2026?
Based on GuruFocus' analysis, JSW Steel stock appears to be overvalued.
The current stock price of ₹1,275.00 is trading 15.8% above its estimated GF Value™ of ₹1,101.40.
GuruFocus considers JSW Steel to be Modestly Overvalued.
Key valuation signals for NSE:JSWSTEEL:
Debt-to-EBITDA: 0.00
GF Value™: ₹1,101.40 vs. price of ₹1,275.00 (15.8% above fair value)
No single metric tells the full story. See the NSE:JSWSTEEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
JSW Steel Ltd is an India-based company that is engaged in the business of manufacturing and selling steel products. Its steel products include semis, hot-rolled steel, cold-rolled steel, galvanized steel, color-coated steel, and long products. Its flat steel products (including hot-rolled, cold-rolled, and galvanized products), which account for the majority of the company's steel volume, are used in Indian automotive, construction, infrastructure, engineering, and consumer durable industries. Its long products are used in the Indian construction, infrastructure, and automotive industries. The company generates the majority of its revenue from the Indian domestic market.
90GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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