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San MiguelPHS:SMC 76 Debt-to-EBITDA is 6.53 as of Mar. 2026, which is 1% above its 10-year median of 6.47. GuruFocus rates PHS:SMC with a GF Score™ of 76/100 and a GF Value™ of ₱82.74 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 460 Conglomerates companies, San Miguel ranks worse than 79.78% 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 San Miguel's Debt-to-EBITDA or its related term are showing as below:
PHS:SMC'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.81 Med: 6.47 Max: 9.88
Current: 6.5
During the past 13 years, the highest Debt-to-EBITDA Ratio of San Miguel was 9.88. The lowest was 4.81. And the median was 6.47.
PHS:SMC's Debt-to-EBITDA is ranked worse than 79.78% of 460
companies
in the Conglomerates industry
Industry Median: 2.76
vs PHS:SMC: 6.50
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.
San Miguel Debt-to-EBITDA Related Terms
San Miguel Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for San Miguel'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 Conglomerates subindustry, San Miguel'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.
San Miguel Debt-to-EBITDA vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, San Miguel's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where San Miguel'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.
San Miguel (PHS:SMC) has a Debt-to-EBITDA of 6.53 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 San Miguel. This is near median its historical median of 6.47. Over the past decade, San Miguel's Debt-to-EBITDA has ranged from 4.81 to 9.88. According to the industry distribution chart, San Miguel ranks #367 out of 460 companies in the Conglomerates industry, placing it in the top 79.8%.
Is San Miguel's Debt-to-EBITDA too high?
San Miguel's current Debt-to-EBITDA of 6.53 is near median its 10-year median of 6.47. Over the past 10 years, this metric has ranged from a low of 4.81 to a high of 9.88. The Conglomerates industry median Debt-to-EBITDA is 2.76. San Miguel's value of 6.53 is 136.6% above this industry median. Based on the distribution chart, San Miguel ranks #367 out of 460 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, San Miguel has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does San Miguel's Debt-to-EBITDA compare to HON and MMM?
According to the Conglomerates industry distribution chart, San Miguel ranks #367 out of 460 companies for Debt-to-EBITDA. This places San Miguel in the lower half of its industry. The industry median Debt-to-EBITDA is 2.76. San Miguel's value of 6.53 is 136.6% above this benchmark. Historically, San Miguel's own Debt-to-EBITDA has ranged from 4.81 to 9.88 over the past decade. While the company's 10-year median is 6.47 vs. the industry median of 2.76, San Miguel 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 Conglomerates company?
The median Debt-to-EBITDA among Conglomerates companies is 2.76, based on 460 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. San Miguel's current Debt-to-EBITDA of 6.53 is 136.6% 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 San Miguel. For the Conglomerates industry, the median Debt-to-EBITDA is 2.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. San Miguel's current Debt-to-EBITDA is 6.53, which is near median its own 10-year median of 6.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is San Miguel stock overvalued right now?
Based on GuruFocus' analysis, San Miguel (PHS:SMC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₱82.74, compared to a current price of ₱65.00 — trading 21.4% below its estimated fair value. The current Debt-to-EBITDA is 6.53, which is near median its 10-year median of 6.47 and 136.6% above the Conglomerates industry median of 2.76. San Miguel's overall GF Score™ is 76/100 with 5 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 San Miguel (PHS:SMC), the current Debt-to-EBITDA is 6.53 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 San Miguel (PHS:SMC) Overvalued in 2026?
Based on GuruFocus' analysis, San Miguel stock appears to be undervalued.
The current stock price of ₱65.00 is trading 21.4% below its estimated GF Value™ of ₱82.74.
GuruFocus considers San Miguel to be Modestly Undervalued.
Key valuation signals for PHS:SMC:
Debt-to-EBITDA: 6.53 (near median its 10-year median of 6.47)
GF Value™: ₱82.74 vs. price of ₱65.00 (21.4% below fair value)
Industry Position: 136.6% above the Conglomerates median (#367 of 460)
No single metric tells the full story. See the PHS:SMC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
San Miguel Corp, through its subsidiaries, operates in various reportable business segments, including food and beverage, packaging, energy, fuel and oil, infrastructure, cement, and real estate property management and development. Maximum revenue is generated from the fuel and oil segment, which is engaged in refining crude oil and marketing and distribution of refined petroleum products.
76GF Score
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