Pershing SquarePS -0.82%10 Debt-to-EBITDA is -1.28 as of Dec. 2025. GuruFocus rates PS with a GF Score™ of 10/100. The stock has 1 warning sign investors should review. Among 386 Asset Management companies, Pershing Square ranks worse than 259067.1% 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 Pershing Square's Debt-to-EBITDA or its related term are showing as below:
PS'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.28 Med: 1.03 Max: 3.35
Current: -1.28
During the past 2 years, the highest Debt-to-EBITDA Ratio of Pershing Square was 3.35. The lowest was -1.28. And the median was 1.03.
PS's Debt-to-EBITDA is ranked worse than 100% of 386
companies
in the Asset Management industry
Industry Median: 1.395
vs PS: -1.28
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.
Pershing Square Debt-to-EBITDA Related Terms
Pershing Square Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Pershing Square'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.
Pershing Square Debt-to-EBITDA Chart
Pershing Square Annual Data
Trend
Dec24
Dec25
Debt-to-EBITDA
3.35
-1.28
Pershing Square Semi-Annual Data
Dec24
Dec25
Debt-to-EBITDA
3.35
-1.28
PS vs CRBG, ARCC, EQH: Debt-to-EBITDA Comparison
For the Asset Management subindustry, Pershing Square'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.
Pershing Square Debt-to-EBITDA vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pershing Square's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Pershing Square'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 one times the quarterly (Dec. 2025) EBITDA data.
Pershing Square (PS) has a Debt-to-EBITDA of -1.28 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Pershing Square. According to the industry distribution chart, Pershing Square ranks #999999 out of 386 companies in the Asset Management industry.
Is Pershing Square's Debt-to-EBITDA too high?
Pershing Square's current Debt-to-EBITDA is -1.28. Based on the distribution chart, Pershing Square ranks #999999 out of 386 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Pershing Square has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does Pershing Square's Debt-to-EBITDA compare to CRBG and ARCC?
According to the Asset Management industry distribution chart, Pershing Square ranks #999999 out of 386 companies for Debt-to-EBITDA. This places Pershing Square in the lower half of its industry. The industry median Debt-to-EBITDA is 1.40. 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 an Asset Management company?
The median Debt-to-EBITDA among Asset Management companies is 1.40, based on 386 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 Pershing Square. For the Asset Management industry, the median Debt-to-EBITDA is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pershing Square's current Debt-to-EBITDA is -1.28. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pershing Square stock overvalued right now?
Pershing Square (PS) has a current Debt-to-EBITDA of -1.28. The current Debt-to-EBITDA is -1.28. Pershing Square's overall GF Score™ is 10/100 with 1 warning sign 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 Pershing Square (PS), the current Debt-to-EBITDA is -1.28 as of Dec. 2025. 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.
Address787 Eleventh Avenue, 9th Floor, New York, NY, USA, 10019
Pershing Square Inc is a main alternative asset manager. It employs a disciplined, research-intensive approach to fundamental value investing to preserve and grow its permanent capital at high rates of return using a set of core investment principles and opportunistic asymmetric hedges. The group generates all of its revenue from management fees and performance fees. It conductbusiness and generates all of its revenues in the United States.
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