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Onward Holdings CoOKASY 78 Debt-to-EBITDA is 1.33 as of Feb. 2026, which is 46% below its 10-year median of 2.46. GuruFocus rates OKASY with a GF Score™ of 78/100 and a GF Value™ of $46.24. The stock has 3 warning signs investors should review. Among 812 Manufacturing - Apparel & Accessories companies, Onward Holdings Co ranks better than 56.77% 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 Onward Holdings Co's Debt-to-EBITDA or its related term are showing as below:
OKASY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.95 Med: 2.46 Max: 5.34
Current: 2.18
During the past 13 years, the highest Debt-to-EBITDA Ratio of Onward Holdings Co was 5.34. The lowest was -4.95. And the median was 2.46.
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.
Onward Holdings Co Debt-to-EBITDA Related Terms
Onward Holdings Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Onward Holdings Co'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 Apparel Manufacturing subindustry, Onward Holdings Co'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.
Onward Holdings Co Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Onward Holdings Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Onward Holdings Co'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 (Feb. 2026) EBITDA data.
Onward Holdings Co (OKASY) has a Debt-to-EBITDA of 1.33 as of Feb. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Onward Holdings Co. This is 46% below median its historical median of 2.46. According to the industry distribution chart, Onward Holdings Co ranks #351 out of 812 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 43.2%.
Is Onward Holdings Co's Debt-to-EBITDA too high?
Onward Holdings Co's current Debt-to-EBITDA of 1.33 is 46% below median its 10-year median of 2.46. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.73. Onward Holdings Co's value of 1.33 is 51.3% below this industry median. Based on the distribution chart, Onward Holdings Co ranks #351 out of 812 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Onward Holdings Co has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does Onward Holdings Co's Debt-to-EBITDA compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Onward Holdings Co ranks #351 out of 812 companies for Debt-to-EBITDA. This puts Onward Holdings Co in the upper half of its industry. The industry median Debt-to-EBITDA is 2.73. Onward Holdings Co's value of 1.33 is 51.3% below this benchmark. While the company's 10-year median is 2.46 vs. the industry median of 2.73, Onward Holdings Co 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-EBITDA among Manufacturing - Apparel & Accessories companies is 2.73, based on 812 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. Onward Holdings Co's current Debt-to-EBITDA of 1.33 is 51.3% 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 Onward Holdings Co. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-EBITDA is 2.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Onward Holdings Co's current Debt-to-EBITDA is 1.33, which is 46% below median its own 10-year median of 2.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Onward Holdings Co stock overvalued right now?
Onward Holdings Co (OKASY) has a current Debt-to-EBITDA of 1.33. The stock's GF Value™ is $46.24, compared to a current price of $50.00 — trading 8.1% above its estimated fair value. The current Debt-to-EBITDA is 1.33, which is 46% below median its 10-year median of 2.46 and 51.3% below the Manufacturing - Apparel & Accessories industry median of 2.73. Onward Holdings Co's overall GF Score™ is 78/100 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 Onward Holdings Co (OKASY), the current Debt-to-EBITDA is 1.33 as of Feb. 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 Onward Holdings Co (OKASY) Overvalued in 2026?
Based on GuruFocus' analysis, Onward Holdings Co stock appears to be overvalued.
The current stock price of $50.00 is trading 8.1% above its estimated GF Value™ of $46.24.
Key valuation signals for OKASY:
Debt-to-EBITDA: 1.33 (46% below median its 10-year median of 2.46)
GF Value™: $46.24 vs. price of $50.00 (8.1% above fair value)
Industry Position: 51.3% below the Manufacturing - Apparel & Accessories median (#351 of 812)
No single metric tells the full story. See the OKASY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Onward Holdings Co Ltd manufactures and sells clothing, shoes, uniforms, bags, and other items. Women's clothing sales account for the majority of Onward's apparel revenue. The company's core brands include Nijyusanku, Kumikyoku, ICB, Jiyuku, J.Press, and Gotairiku. More than three-fourths of Onward's sales are through department stores. Remaining sales are through other retailers, directly managed stores, and e-commerce. More than three-fourths of Onward's sales are in Japan, and the majority of the company's remaining sales are in Europe. The company manufactures its products mainly in China.
78GF Score
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