Harbor Star Shipping Services (PHS:TUGS) Debt-to-EBITDA : 3.83 (As of Mar. 2026) — 16% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

PHS:TUGS Harbor Star Shipping Services Inc PHS:TUGS
51 GF Score
Price ₱1.01
GF Value ₱0.61
Valuation Significantly Overvalued
! 10 Warning Signs
View Full Analysis

What is Harbor Star Shipping Services Debt-to-EBITDA?

Harbor Star Shipping Services PHS:TUGS 51 Debt-to-EBITDA is 3.83 as of Mar. 2026, which is 16% below its 10-year median of 4.58. GuruFocus rates PHS:TUGS with a GF Score™ of 51/100 and a GF Value™ of ₱0.61 (Significantly Overvalued). The stock has 10 warning signs investors should review. Among 869 Transportation companies, Harbor Star Shipping Services ranks worse than 62.95% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Harbor Star Shipping Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₱2,179 Mil. Harbor Star Shipping Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₱1,157 Mil. Harbor Star Shipping Services's annualized EBITDA for the quarter that ended in Mar. 2026 was ₱870 Mil. Harbor Star Shipping Services's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 3.83.

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 Harbor Star Shipping Services's Debt-to-EBITDA or its related term are showing as below:

PHS:TUGS' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.74   Med: 4.58   Max: 14.74
Current: 3.63

During the past 13 years, the highest Debt-to-EBITDA Ratio of Harbor Star Shipping Services was 14.74. The lowest was 1.74. And the median was 4.58.

PHS:TUGS's Debt-to-EBITDA is ranked worse than
62.95% of 869 companies
in the Transportation industry
Industry Median: 2.64 vs PHS:TUGS: 3.63

Harbor Star Shipping Services  (PHS:TUGS) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

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.


Harbor Star Shipping Services Debt-to-EBITDA Related Terms


Harbor Star Shipping Services Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Harbor Star Shipping Services'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.

Harbor Star Shipping Services Debt-to-EBITDA Chart

Harbor Star Shipping Services Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.27 5.25 3.90 3.01 3.72

Harbor Star Shipping Services Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.95 3.55 2.54 5.29 3.83

Harbor Star Shipping Services Debt-to-EBITDA Competitor Comparison

For the Marine Shipping subindustry, Harbor Star Shipping Services'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.


Harbor Star Shipping Services Debt-to-EBITDA vs Transportation Industry

For the Transportation industry and Industrials sector, Harbor Star Shipping Services's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Harbor Star Shipping Services's Debt-to-EBITDA falls into.


PHS:TUGS
51GF Score
Harbor Star Shipping Services Inc PHS:TUGS
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Harbor Star Shipping Services Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Harbor Star Shipping Services's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2288.533 + 1148.806) / 923.7
=3.72

Harbor Star Shipping Services's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2179.009 + 1156.936) / 870.236
=3.83

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.83 mean?
Harbor Star Shipping Services (PHS:TUGS) has a Debt-to-EBITDA of 3.83 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 Harbor Star Shipping Services. This is 16% below median its historical median of 4.58. Over the past decade, Harbor Star Shipping Services' Debt-to-EBITDA has ranged from 1.74 to 14.74. According to the industry distribution chart, Harbor Star Shipping Services ranks #547 out of 869 companies in the Transportation industry, placing it in the top 62.9%.
Is Harbor Star Shipping Services' Debt-to-EBITDA too high?
Harbor Star Shipping Services' current Debt-to-EBITDA of 3.83 is 16% below median its 10-year median of 4.58. Over the past 10 years, this metric has ranged from a low of 1.74 to a high of 14.74. The Transportation industry median Debt-to-EBITDA is 2.64. Harbor Star Shipping Services' value of 3.83 is 45.1% above this industry median. Based on the distribution chart, Harbor Star Shipping Services ranks #547 out of 869 companies in the Transportation industry, which is below the industry midpoint. Overall, Harbor Star Shipping Services has a GF Score™ of 51/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harbor Star Shipping Services' Debt-to-EBITDA compare to competitors?
According to the Transportation industry distribution chart, Harbor Star Shipping Services ranks #547 out of 869 companies for Debt-to-EBITDA. This places Harbor Star Shipping Services in the lower half of its industry. The industry median Debt-to-EBITDA is 2.64. Harbor Star Shipping Services' value of 3.83 is 45.1% above this benchmark. Historically, Harbor Star Shipping Services' own Debt-to-EBITDA has ranged from 1.74 to 14.74 over the past decade. While the company's 10-year median is 4.58 vs. the industry median of 2.64, Harbor Star Shipping Services 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 Transportation company?
The median Debt-to-EBITDA among Transportation companies is 2.64, based on 869 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. Harbor Star Shipping Services's current Debt-to-EBITDA of 3.83 is 45.1% 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 Harbor Star Shipping Services. For the Transportation industry, the median Debt-to-EBITDA is 2.64 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Harbor Star Shipping Services's current Debt-to-EBITDA is 3.83, which is 16% below median its own 10-year median of 4.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harbor Star Shipping Services stock overvalued right now?
Based on GuruFocus' analysis, Harbor Star Shipping Services (PHS:TUGS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱0.61, compared to a current price of ₱1.01 — trading 65.6% above its estimated fair value. The current Debt-to-EBITDA is 3.83, which is 16% below median its 10-year median of 4.58 and 45.1% above the Transportation industry median of 2.64. Harbor Star Shipping Services' overall GF Score™ is 51/100 with 10 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 Harbor Star Shipping Services (PHS:TUGS), the current Debt-to-EBITDA is 3.83 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 Harbor Star Shipping Services (PHS:TUGS) Overvalued in 2026?

Based on GuruFocus' analysis, Harbor Star Shipping Services stock appears to be overvalued. The current stock price of ₱1.01 is trading 65.6% above its estimated GF Value™ of ₱0.61. GuruFocus considers Harbor Star Shipping Services to be Significantly Overvalued.

Key valuation signals for PHS:TUGS:

  • Debt-to-EBITDA: 3.83 (16% below median its 10-year median of 4.58)
  • GF Value™: ₱0.61 vs. price of ₱1.01 (65.6% above fair value)
  • GF Score™: 51/100 with 10 warning signs
  • Industry Position: 45.1% above the Transportation median (#547 of 869)

No single metric tells the full story. See the PHS:TUGS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harbor Star Shipping Services Business Description

Address 2224 A. Bonifacio Street corner Pres. Sergio Osmena Highway, Bangkal, Makati, PHL, 1233
Harbor Star Shipping Services Inc is an integrated maritime service provider. The service lines include harbor assistance, lighterage, towing, ship salvage, marine construction, repair, and maintenance works, wreck removal, firefighting, oil spill abatement and recovery, handling hazardous chemicals, ship and crew management, diving, and underwater marine works. Other marine services include oil and chemical spill response, diving and underwater work, and ship and crew management. The company operates in two segments: Harbor assistance and Renewable energy. It generates maximum revenue from the Harbor assistance segment.
51GF Score

Get the complete analysis for PHS:TUGS

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₱1.01
Price
₱0.61
GF Value