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.
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.
Race Eco ChainNSE:RACE +0.89%76 Debt-to-EBITDA is 4.15 as of Mar. 2026, which is 25% below its 10-year median of 5.54. GuruFocus rates NSE:RACE with a GF Score™ of 76/100 and a GF Value™ of ₹560.33 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 170 Waste Management companies, Race Eco Chain ranks worse than 65.29% 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 Race Eco Chain's Debt-to-EBITDA or its related term are showing as below:
NSE:RACE'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.85 Med: 5.54 Max: 7
Current: 4.7
During the past 13 years, the highest Debt-to-EBITDA Ratio of Race Eco Chain was 7.00. The lowest was 2.85. And the median was 5.54.
NSE:RACE's Debt-to-EBITDA is ranked worse than 65.29% of 170
companies
in the Waste Management industry
Industry Median: 3.03
vs NSE:RACE: 4.70
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.
Race Eco Chain Debt-to-EBITDA Related Terms
Race Eco Chain Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Race Eco Chain'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:RACE vs WM, RSG, WCN: Debt-to-EBITDA Comparison
For the Waste Management subindustry, Race Eco Chain'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.
Race Eco Chain Debt-to-EBITDA vs Waste Management Industry
For the Waste Management industry and Industrials sector, Race Eco Chain's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Race Eco Chain'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.
Race Eco Chain (NSE:RACE) has a Debt-to-EBITDA of 4.15 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 Race Eco Chain. This is 25% below median its historical median of 5.54. Over the past decade, Race Eco Chain's Debt-to-EBITDA has ranged from 2.85 to 7.00. According to the industry distribution chart, Race Eco Chain ranks #111 out of 170 companies in the Waste Management industry, placing it in the top 65.3%.
Is Race Eco Chain's Debt-to-EBITDA too high?
Race Eco Chain's current Debt-to-EBITDA of 4.15 is 25% below median its 10-year median of 5.54. Over the past 10 years, this metric has ranged from a low of 2.85 to a high of 7.00. The Waste Management industry median Debt-to-EBITDA is 3.03. Race Eco Chain's value of 4.15 is 37% above this industry median. Based on the distribution chart, Race Eco Chain ranks #111 out of 170 companies in the Waste Management industry, which is below the industry midpoint. Overall, Race Eco Chain has a GF Score™ of 76/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Race Eco Chain's Debt-to-EBITDA compare to WM and RSG?
According to the Waste Management industry distribution chart, Race Eco Chain ranks #111 out of 170 companies for Debt-to-EBITDA. This places Race Eco Chain in the lower half of its industry. The industry median Debt-to-EBITDA is 3.03. Race Eco Chain's value of 4.15 is 37% above this benchmark. Historically, Race Eco Chain's own Debt-to-EBITDA has ranged from 2.85 to 7.00 over the past decade. While the company's 10-year median is 5.54 vs. the industry median of 3.03, Race Eco Chain 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 Waste Management company?
The median Debt-to-EBITDA among Waste Management companies is 3.03, based on 170 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. Race Eco Chain's current Debt-to-EBITDA of 4.15 is 37% 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 Race Eco Chain. For the Waste Management industry, the median Debt-to-EBITDA is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Race Eco Chain's current Debt-to-EBITDA is 4.15, which is 25% below median its own 10-year median of 5.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Race Eco Chain stock overvalued right now?
Based on GuruFocus' analysis, Race Eco Chain (NSE:RACE) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹560.33, compared to a current price of ₹109.25 — trading 80.5% below its estimated fair value. The current Debt-to-EBITDA is 4.15, which is 25% below median its 10-year median of 5.54 and 37% above the Waste Management industry median of 3.03. Race Eco Chain's overall GF Score™ is 76/100 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 Race Eco Chain (NSE:RACE), the current Debt-to-EBITDA is 4.15 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 Race Eco Chain (NSE:RACE) Overvalued in 2026?
Based on GuruFocus' analysis, Race Eco Chain stock appears to be undervalued.
The current stock price of ₹109.25 is trading 80.5% below its estimated GF Value™ of ₹560.33.
GuruFocus considers Race Eco Chain to be Significantly Undervalued.
Key valuation signals for NSE:RACE:
Debt-to-EBITDA: 4.15 (25% below median its 10-year median of 5.54)
GF Value™: ₹560.33 vs. price of ₹109.25 (80.5% below fair value)
Industry Position: 37% above the Waste Management median (#111 of 170)
No single metric tells the full story. See the NSE:RACE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Race Eco Chain Ltd is engaged in the collection and supply of recyclable waste to recyclers who eventually convert the waste into useful products. It is also involved in the manufacturing of recycled products. The company's segments are Recycle Division; Restore Division; Biomass Division and It Division. It generates the majority of its revenue from the Recycle Division.
76GF Score
Get the complete analysis for NSE:RACE
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:RACE has been successfully added to your 
