REAL (The RealReal) Debt-to-EBITDA : 2.14 (As of Mar. 2026)

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REAL The RealReal Inc REAL
59 GF Score
Price $11.45
GF Value $4.92
Valuation Significantly Overvalued
! 5 Warning Signs
View Full Analysis

What is The RealReal Debt-to-EBITDA?

The RealReal REAL +2.14% 59 Debt-to-EBITDA is 2.14 as of Mar. 2026. GuruFocus rates REAL with a GF Score™ of 59/100 and a GF Value™ of $4.92 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 901 Retail - Cyclical companies, The RealReal ranks worse than 110987.68% on this metric.

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

The RealReal's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $22.4 Mil. The RealReal's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $442.1 Mil. The RealReal's annualized EBITDA for the quarter that ended in Mar. 2026 was $217.4 Mil. The RealReal's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.14.

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 The RealReal's Debt-to-EBITDA or its related term are showing as below:

REAL' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -130.41   Med: -2.26   Max: 24.04
Current: -130.41

During the past 9 years, the highest Debt-to-EBITDA Ratio of The RealReal was 24.04. The lowest was -130.41. And the median was -2.26.

REAL's Debt-to-EBITDA is ranked worse than
100% of 901 companies
in the Retail - Cyclical industry
Industry Median: 2.4 vs REAL: -130.41

The RealReal  (NAS:REAL) 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.


The RealReal Debt-to-EBITDA Related Terms


The RealReal Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for The RealReal'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.

The RealReal Debt-to-EBITDA Chart

The RealReal Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only -2.67 -3.77 -4.59 -6.88 24.04

The RealReal 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 1.63 29.44 -3.02 -4.99 2.14

REAL vs MOV, ELA, CPRI: Debt-to-EBITDA Comparison

For the Luxury Goods subindustry, The RealReal'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.


The RealReal Debt-to-EBITDA vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, The RealReal's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where The RealReal's Debt-to-EBITDA falls into.


REAL
59GF Score
The RealReal Inc REAL
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The RealReal Debt-to-EBITDA Calculation

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

The RealReal'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
=(24.645 + 438.606) / 19.269
=24.04

The RealReal'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
=(22.416 + 442.113) / 217.436
=2.14

* 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 2.14 mean?
The RealReal (REAL) has a Debt-to-EBITDA of 2.14 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 The RealReal. According to the industry distribution chart, The RealReal ranks #999999 out of 901 companies in the Retail - Cyclical industry.
Is The RealReal's Debt-to-EBITDA too high?
The RealReal's current Debt-to-EBITDA is 2.14. The Retail - Cyclical industry median Debt-to-EBITDA is 2.40. The RealReal's value of 2.14 is 10.8% below this industry median. Based on the distribution chart, The RealReal ranks #999999 out of 901 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, The RealReal has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The RealReal's Debt-to-EBITDA compare to MOV and ELA?
According to the Retail - Cyclical industry distribution chart, The RealReal ranks #999999 out of 901 companies for Debt-to-EBITDA. This places The RealReal in the lower half of its industry. The industry median Debt-to-EBITDA is 2.40. The RealReal's value of 2.14 is 10.8% below this benchmark. 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.40, based on 901 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. The RealReal's current Debt-to-EBITDA of 2.14 is 10.8% 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 The RealReal. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The RealReal's current Debt-to-EBITDA is 2.14. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The RealReal stock overvalued right now?
Based on GuruFocus' analysis, The RealReal (REAL) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.92, compared to a current price of $11.45 — trading 132.7% above its estimated fair value. The current Debt-to-EBITDA is 2.14 and 10.8% below the Retail - Cyclical industry median of 2.40. The RealReal's overall GF Score™ is 59/100 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 The RealReal (REAL), the current Debt-to-EBITDA is 2.14 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 The RealReal (REAL) Overvalued in 2026?

Based on GuruFocus' analysis, The RealReal stock appears to be overvalued. The current stock price of $11.45 is trading 132.7% above its estimated GF Value™ of $4.92. GuruFocus considers The RealReal to be Significantly Overvalued.

Key valuation signals for REAL:

  • Debt-to-EBITDA: 2.14
  • GF Value™: $4.92 vs. price of $11.45 (132.7% above fair value)
  • GF Score™: 59/100 with 5 warning signs
  • Industry Position: 10.8% below the Retail - Cyclical median (#999999 of 901)

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


The RealReal Business Description

Other Exchanges 6RR:Germany
Address 55 Francisco Street, Suite 150, San Francisco, CA, USA, 94133
The RealReal Inc is an online marketplace for authenticated, resale luxury goods, providing an end-to-end service that unlocks supply and creates a trusted, curated marketplace for buyers globally. Since its inception, the company has cultivated a loyal and engaged consignor and buyer base through continuous investment in its technology platform, logistics infrastructure, brand and people. It offers a wide selection of authenticated, mainly pre-owned luxury goods bearing the brands of thousands of luxury and premium designers, including Cartier, Chanel, Christian Dior, Gucci, Hermes, Louis Vuitton and Rolex. The company offers products across women's fashion, men's fashion, jewelry, and watches, promoting the recirculation of luxury goods and contributing to a more sustainable world.
59GF Score

Get the complete analysis for REAL

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

$11.45
Price
$4.92
GF Value