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NextNXGPF 90 Debt-to-EBITDA is 1.00 as of Jan. 2026, which is 36% below its 10-year median of 1.57. GuruFocus rates NXGPF with a GF Score™ of 90/100 and a GF Value™ of $173.83 (Modestly Overvalued). The stock has 2 warning signs investors should review. Among 902 Retail - Cyclical companies, Next ranks better than 75.17% 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 Next's Debt-to-EBITDA or its related term are showing as below:
NXGPF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1 Med: 1.57 Max: 3.14
Current: 1.11
During the past 13 years, the highest Debt-to-EBITDA Ratio of Next was 3.14. The lowest was 1.00. And the median was 1.57.
NXGPF's Debt-to-EBITDA is ranked better than 75.17% of 902
companies
in the Retail - Cyclical industry
Industry Median: 2.41
vs NXGPF: 1.11
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.
Next Debt-to-EBITDA Related Terms
Next Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Next'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.
NXGPF vs TJX, ROST, BURL: Debt-to-EBITDA Comparison
For the Apparel Retail subindustry, Next'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.
Next Debt-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Next's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Next'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 two times the quarterly (Jan. 2026) EBITDA data.
Next (NXGPF) has a Debt-to-EBITDA of 1.00 as of Jan. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Next. This is 36% below median its historical median of 1.57. Over the past decade, Next's Debt-to-EBITDA has ranged from 1.00 to 3.14. According to the industry distribution chart, Next ranks #224 out of 902 companies in the Retail - Cyclical industry, placing it in the top 24.8%.
Is Next's Debt-to-EBITDA too high?
Next's current Debt-to-EBITDA of 1.00 is 36% below median its 10-year median of 1.57. Over the past 10 years, this metric has ranged from a low of 1.00 to a high of 3.14. The Retail - Cyclical industry median Debt-to-EBITDA is 2.41. Next's value of 1.00 is 58.5% below this industry median. Based on the distribution chart, Next ranks #224 out of 902 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, Next has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Next's Debt-to-EBITDA compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Next ranks #224 out of 902 companies for Debt-to-EBITDA. This places Next in the top 25% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 2.41. Next's value of 1.00 is 58.5% below this benchmark. Historically, Next's own Debt-to-EBITDA has ranged from 1.00 to 3.14 over the past decade. While the company's 10-year median is 1.57 vs. the industry median of 2.41, Next has consistently been below 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.41, based on 902 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. Next's current Debt-to-EBITDA of 1.00 is 58.5% below 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 Next. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Next's current Debt-to-EBITDA is 1.00, which is 36% below median its own 10-year median of 1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Next stock overvalued right now?
Based on GuruFocus' analysis, Next (NXGPF) is currently considered Modestly Overvalued. The stock's GF Value™ is $173.83, compared to a current price of $198.52 — trading 14.2% above its estimated fair value. The current Debt-to-EBITDA is 1.00, which is 36% below median its 10-year median of 1.57 and 58.5% below the Retail - Cyclical industry median of 2.41. Next's overall GF Score™ is 90/100 with 2 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 Next (NXGPF), the current Debt-to-EBITDA is 1.00 as of Jan. 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 Next (NXGPF) Overvalued in 2026?
Based on GuruFocus' analysis, Next stock appears to be overvalued.
The current stock price of $198.52 is trading 14.2% above its estimated GF Value™ of $173.83.
GuruFocus considers Next to be Modestly Overvalued.
Key valuation signals for NXGPF:
Debt-to-EBITDA: 1.00 (36% below median its 10-year median of 1.57)
GF Value™: $173.83 vs. price of $198.52 (14.2% above fair value)
Industry Position: 58.5% below the Retail - Cyclical median (#224 of 902)
No single metric tells the full story. See the NXGPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Next PLC operates as a retailer, specializing in the sale of clothing, footwear, accessories, and home products. A portion of the company's product offerings comprises items bearing the Next brand. Additionally, the majority of the company's remaining sales occur through retail stores located outside the United Kingdom, which it franchises. The company's segments encompass NEXT Online, NEXT Finance, NEXT Retail, and Other Business Activities. A substantial portion of the company's revenue is derived from customers within the United Kingdom; however, its presence extends to regions such as the Rest of Europe, the Middle East, Asia, and the Rest of the World.
90GF Score
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