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MAS Financial ServicesNSE:MASFIN +1.57%82 Debt-to-EBITDA is 20.62 as of Mar. 2026, which is 25% above its 10-year median of 16.44. GuruFocus rates NSE:MASFIN with a GF Score™ of 82/100 and a GF Value™ of ₹437.60 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 282 Credit Services companies, MAS Financial Services ranks worse than 78.72% 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 MAS Financial Services's Debt-to-EBITDA or its related term are showing as below:
NSE:MASFIN'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 6.82 Med: 16.44 Max: 22.87
Current: 22.69
During the past 13 years, the highest Debt-to-EBITDA Ratio of MAS Financial Services was 22.87. The lowest was 6.82. And the median was 16.44.
NSE:MASFIN's Debt-to-EBITDA is ranked worse than 78.72% of 282
companies
in the Credit Services industry
Industry Median: 9.3
vs NSE:MASFIN: 22.69
MAS Financial Services (NSE:MASFIN) 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.
MAS Financial Services Debt-to-EBITDA Related Terms
MAS Financial Services Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for MAS Financial Services'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:MASFIN vs V, MA, AXP: Debt-to-EBITDA Comparison
For the Credit Services subindustry, MAS Financial Services'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.
MAS Financial Services Debt-to-EBITDA vs Credit Services Industry
For the Credit Services industry and Financial Services sector, MAS Financial Services's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where MAS Financial Services'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.
MAS Financial Services (NSE:MASFIN) has a Debt-to-EBITDA of 20.62 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 MAS Financial Services. This is 25% above median its historical median of 16.44. Over the past decade, MAS Financial Services' Debt-to-EBITDA has ranged from 6.82 to 22.87. According to the industry distribution chart, MAS Financial Services ranks #222 out of 282 companies in the Credit Services industry, placing it in the top 78.7%.
Is MAS Financial Services' Debt-to-EBITDA too high?
MAS Financial Services' current Debt-to-EBITDA of 20.62 is 25% above median its 10-year median of 16.44. Over the past 10 years, this metric has ranged from a low of 6.82 to a high of 22.87. The Credit Services industry median Debt-to-EBITDA is 9.30. MAS Financial Services' value of 20.62 is 121.7% above this industry median. Based on the distribution chart, MAS Financial Services ranks #222 out of 282 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, MAS Financial Services has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MAS Financial Services' Debt-to-EBITDA compare to V and MA?
According to the Credit Services industry distribution chart, MAS Financial Services ranks #222 out of 282 companies for Debt-to-EBITDA. This places MAS Financial Services in the lower half of its industry. The industry median Debt-to-EBITDA is 9.30. MAS Financial Services' value of 20.62 is 121.7% above this benchmark. Historically, MAS Financial Services' own Debt-to-EBITDA has ranged from 6.82 to 22.87 over the past decade. While the company's 10-year median is 16.44 vs. the industry median of 9.30, MAS Financial Services 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 Credit Services company?
The median Debt-to-EBITDA among Credit Services companies is 9.30, based on 282 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. MAS Financial Services's current Debt-to-EBITDA of 20.62 is 121.7% 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 MAS Financial Services. For the Credit Services industry, the median Debt-to-EBITDA is 9.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MAS Financial Services's current Debt-to-EBITDA is 20.62, which is 25% above median its own 10-year median of 16.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MAS Financial Services stock overvalued right now?
Based on GuruFocus' analysis, MAS Financial Services (NSE:MASFIN) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹437.60, compared to a current price of ₹323.55 — trading 26.1% below its estimated fair value. The current Debt-to-EBITDA is 20.62, which is 25% above median its 10-year median of 16.44 and 121.7% above the Credit Services industry median of 9.30. MAS Financial Services' overall GF Score™ is 82/100 with 8 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 MAS Financial Services (NSE:MASFIN), the current Debt-to-EBITDA is 20.62 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 MAS Financial Services (NSE:MASFIN) Overvalued in 2026?
Based on GuruFocus' analysis, MAS Financial Services stock appears to be undervalued.
The current stock price of ₹323.55 is trading 26.1% below its estimated GF Value™ of ₹437.60.
GuruFocus considers MAS Financial Services to be Modestly Undervalued.
Key valuation signals for NSE:MASFIN:
Debt-to-EBITDA: 20.62 (25% above median its 10-year median of 16.44)
GF Value™: ₹437.60 vs. price of ₹323.55 (26.1% below fair value)
Industry Position: 121.7% above the Credit Services median (#222 of 282)
No single metric tells the full story. See the NSE:MASFIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
MAS Financial Services Ltd operates as a non-banking financial company. It is mainly in the retail business, comprising Micro, small, and medium enterprises, two-wheelers, three-wheelers, and multi-utility vehicles loans to individual borrowers and loans to microfinance institutions and other non-banking financial companies. It focuses on the lower-income and middle-income groups of society, spread across urban, semi-urban, and rural areas, including formal and informal sectors.
82GF Score
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