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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 Phathom Pharmaceuticals's Debt-to-EBITDA or its related term are showing as below:
PHAT'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.76 Med: -0.72 Max: -0.09
Current: -4.76
During the past 8 years, the highest Debt-to-EBITDA Ratio of Phathom Pharmaceuticals was -0.09. The lowest was -4.76. And the median was -0.72.
PHAT's Debt-to-EBITDA is ranked worse than 100% of 297
companies
in the Biotechnology industry
Industry Median: 1.16
vs PHAT: -4.76
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.
Phathom Pharmaceuticals Debt-to-EBITDA Related Terms
Phathom Pharmaceuticals Debt-to-EBITDA Historical Data
* 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.
PHAT vs GERN, KURA, ODTX: Debt-to-EBITDA Comparison
For the Biotechnology subindustry, Phathom Pharmaceuticals'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.
Phathom Pharmaceuticals Debt-to-EBITDA vs Biotechnology Industry
For the Biotechnology industry and Healthcare sector, Phathom Pharmaceuticals's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Phathom Pharmaceuticals'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 (Jun. 2026) EBITDA data.
Phathom Pharmaceuticals (PHAT) has a Debt-to-EBITDA of -17.67 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Phathom Pharmaceuticals. According to the industry distribution chart, Phathom Pharmaceuticals ranks #999999 out of 297 companies in the Biotechnology industry.
Is Phathom Pharmaceuticals' Debt-to-EBITDA too high?
Phathom Pharmaceuticals' current Debt-to-EBITDA is -17.67. Based on the distribution chart, Phathom Pharmaceuticals ranks #999999 out of 297 companies in the Biotechnology industry, which is in the bottom quartile relative to peers. Overall, Phathom Pharmaceuticals has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Phathom Pharmaceuticals' Debt-to-EBITDA compare to GERN and KURA?
According to the Biotechnology industry distribution chart, Phathom Pharmaceuticals ranks #999999 out of 297 companies for Debt-to-EBITDA. This places Phathom Pharmaceuticals in the lower half of its industry. The industry median Debt-to-EBITDA is 1.16. 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 Biotechnology company?
The median Debt-to-EBITDA among Biotechnology companies is 1.16, based on 297 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. 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 Phathom Pharmaceuticals. For the Biotechnology industry, the median Debt-to-EBITDA is 1.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Phathom Pharmaceuticals's current Debt-to-EBITDA is -17.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Phathom Pharmaceuticals stock overvalued right now?
Based on GuruFocus' analysis, Phathom Pharmaceuticals (PHAT) is currently considered Possible Value Trap. The stock's GF Value™ is $24.88, compared to a current price of $9.18 — trading 63.1% below its estimated fair value. The current Debt-to-EBITDA is -17.67. Phathom Pharmaceuticals' overall GF Score™ is 39/100 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 Phathom Pharmaceuticals (PHAT), the current Debt-to-EBITDA is -17.67 as of Jun. 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 Phathom Pharmaceuticals (PHAT) Overvalued in 2026?
Based on GuruFocus' analysis, Phathom Pharmaceuticals stock appears to be undervalued.
The current stock price of $9.18 is trading 63.1% below its estimated GF Value™ of $24.88.
GuruFocus considers Phathom Pharmaceuticals to be Possible Value Trap.
Key valuation signals for PHAT:
Debt-to-EBITDA: -17.67
GF Value™: $24.88 vs. price of $9.18 (63.1% below fair value)
No single metric tells the full story. See the PHAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Phathom Pharmaceuticals Inc operates as a clinical-stage biopharmaceutical company. The firm is focused on developing and commercializing novel treatments for gastrointestinal, or GI, diseases. Its product comprises vonoprazan, an oral small-molecule potassium competitive acid blocker medicine that blocks acid secretion in the stomach. Vonoprazan shows rapid, potent, and durable anti-secretory effects and has demonstrated clinical benefits in the treatment of gastroesophageal reflux disease, and in combination with antibiotics for the treatment of Helicobacter pylori infection.
39GF Score
Get the complete analysis for PHAT
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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