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Max EstatesNSE:MAXESTATES -3.00%54 Debt-to-EBITDA is 33.59 as of Mar. 2026, which is 166% above its 10-year median of 12.61. GuruFocus rates NSE:MAXESTATES with a GF Score™ of 54/100 and a GF Value™ of ₹619.68 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,273 Real Estate companies, Max Estates ranks worse than 87.82% 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 Max Estates's Debt-to-EBITDA or its related term are showing as below:
NSE:MAXESTATES'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -140.95 Med: 12.61 Max: 4188.75
Current: 19.92
During the past 7 years, the highest Debt-to-EBITDA Ratio of Max Estates was 4188.75. The lowest was -140.95. And the median was 12.61.
NSE:MAXESTATES's Debt-to-EBITDA is ranked worse than 87.82% of 1273
companies
in the Real Estate industry
Industry Median: 5.66
vs NSE:MAXESTATES: 19.92
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.
Max Estates Debt-to-EBITDA Related Terms
Max Estates Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Max Estates'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.
For the Real Estate - Development subindustry, Max Estates'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.
Max Estates Debt-to-EBITDA vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Max Estates's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Max Estates'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.
Max Estates (NSE:MAXESTATES) has a Debt-to-EBITDA of 33.59 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 Max Estates. This is 166% above median its historical median of 12.61. According to the industry distribution chart, Max Estates ranks #1118 out of 1273 companies in the Real Estate industry, placing it in the top 87.8%.
Is Max Estates' Debt-to-EBITDA too high?
Max Estates' current Debt-to-EBITDA of 33.59 is 166% above median its 10-year median of 12.61. The Real Estate industry median Debt-to-EBITDA is 5.66. Max Estates' value of 33.59 is 493.5% above this industry median. Based on the distribution chart, Max Estates ranks #1118 out of 1273 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Max Estates has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Max Estates' Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, Max Estates ranks #1118 out of 1273 companies for Debt-to-EBITDA. This places Max Estates in the lower half of its industry. The industry median Debt-to-EBITDA is 5.66. Max Estates' value of 33.59 is 493.5% above this benchmark. While the company's 10-year median is 12.61 vs. the industry median of 5.66, Max Estates 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.66, based on 1,273 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. Max Estates's current Debt-to-EBITDA of 33.59 is 493.5% 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 Max Estates. For the Real Estate industry, the median Debt-to-EBITDA is 5.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Max Estates's current Debt-to-EBITDA is 33.59, which is 166% above median its own 10-year median of 12.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Max Estates stock overvalued right now?
Based on GuruFocus' analysis, Max Estates (NSE:MAXESTATES) is currently considered Possible Value Trap. The stock's GF Value™ is ₹619.68, compared to a current price of ₹397.10 — trading 35.9% below its estimated fair value. The current Debt-to-EBITDA is 33.59, which is 166% above median its 10-year median of 12.61 and 493.5% above the Real Estate industry median of 5.66. Max Estates' overall GF Score™ is 54/100 with 6 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 Max Estates (NSE:MAXESTATES), the current Debt-to-EBITDA is 33.59 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 Max Estates (NSE:MAXESTATES) Overvalued in 2026?
Based on GuruFocus' analysis, Max Estates stock appears to be undervalued.
The current stock price of ₹397.10 is trading 35.9% below its estimated GF Value™ of ₹619.68.
GuruFocus considers Max Estates to be Possible Value Trap.
Key valuation signals for NSE:MAXESTATES:
Debt-to-EBITDA: 33.59 (166% above median its 10-year median of 12.61)
GF Value™: ₹619.68 vs. price of ₹397.10 (35.9% below fair value)
Industry Position: 493.5% above the Real Estate median (#1118 of 1273)
No single metric tells the full story. See the NSE:MAXESTATES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Max Estates Ltd is engaged in the business of real estate development. The company has paid close attention to creating a confluence of spaces that enable collaboration, innovation, and community, that are not just functional and aesthetically pleasing, but environmentally sustainable, and designed to promote the holistic wellness of its users. The Group is a one-segment company in the business of real estate development. The company involves Residential and Commercial Projects.
54GF Score
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