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SafeholdSAFE +0.55%84 Debt-to-EBITDA is 13.47 as of Mar. 2026, which is 2% below its 10-year median of 13.68. GuruFocus rates SAFE with a GF Score™ of 84/100 and a GF Value™ of $20.66 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 578 REITs companies, Safehold ranks worse than 88.93% 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 Safehold's Debt-to-EBITDA or its related term are showing as below:
SAFE'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 12.35 Med: 13.68 Max: 28.28
Current: 13.66
During the past 11 years, the highest Debt-to-EBITDA Ratio of Safehold was 28.28. The lowest was 12.35. And the median was 13.68.
SAFE's Debt-to-EBITDA is ranked worse than 88.93% of 578
companies
in the REITs industry
Industry Median: 6.49
vs SAFE: 13.66
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.
Safehold Debt-to-EBITDA Related Terms
Safehold Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Safehold'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.
SAFE vs ESRT, JBGS, AAT: Debt-to-EBITDA Comparison
For the REIT - Diversified subindustry, Safehold'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.
Safehold Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Safehold's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Safehold'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.
Safehold (SAFE) has a Debt-to-EBITDA of 13.47 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 Safehold. This is near median its historical median of 13.68. Over the past decade, Safehold's Debt-to-EBITDA has ranged from 12.35 to 28.28. According to the industry distribution chart, Safehold ranks #514 out of 578 companies in the REITs industry, placing it in the top 88.9%.
Is Safehold's Debt-to-EBITDA too high?
Safehold's current Debt-to-EBITDA of 13.47 is near median its 10-year median of 13.68. Over the past 10 years, this metric has ranged from a low of 12.35 to a high of 28.28. The REITs industry median Debt-to-EBITDA is 6.49. Safehold's value of 13.47 is 107.6% above this industry median. Based on the distribution chart, Safehold ranks #514 out of 578 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Safehold has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Safehold's Debt-to-EBITDA compare to ESRT and JBGS?
According to the REITs industry distribution chart, Safehold ranks #514 out of 578 companies for Debt-to-EBITDA. This places Safehold in the lower half of its industry. The industry median Debt-to-EBITDA is 6.49. Safehold's value of 13.47 is 107.6% above this benchmark. Historically, Safehold's own Debt-to-EBITDA has ranged from 12.35 to 28.28 over the past decade. While the company's 10-year median is 13.68 vs. the industry median of 6.49, Safehold 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 REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 578 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. Safehold's current Debt-to-EBITDA of 13.47 is 107.6% 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 Safehold. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safehold's current Debt-to-EBITDA is 13.47, which is near median its own 10-year median of 13.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safehold stock overvalued right now?
Based on GuruFocus' analysis, Safehold (SAFE) is currently considered Modestly Undervalued. The stock's GF Value™ is $20.66, compared to a current price of $16.44 — trading 20.4% below its estimated fair value. The current Debt-to-EBITDA is 13.47, which is near median its 10-year median of 13.68 and 107.6% above the REITs industry median of 6.49. Safehold's overall GF Score™ is 84/100 with 7 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 Safehold (SAFE), the current Debt-to-EBITDA is 13.47 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 Safehold (SAFE) Overvalued in 2026?
Based on GuruFocus' analysis, Safehold stock appears to be undervalued.
The current stock price of $16.44 is trading 20.4% below its estimated GF Value™ of $20.66.
GuruFocus considers Safehold to be Modestly Undervalued.
Key valuation signals for SAFE:
Debt-to-EBITDA: 13.47 (near median its 10-year median of 13.68)
GF Value™: $20.66 vs. price of $16.44 (20.4% below fair value)
Industry Position: 107.6% above the REITs median (#514 of 578)
No single metric tells the full story. See the SAFE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safehold Inc is a REIT that operates its business by acquiring, managing, and capitalizing ground leases. Ground leases are long-term contracts between the landlord (the Company) and a tenant or leaseholder. Ground leases generally represent ownership of the land underlying commercial real estate projects that are net leased by the fee owner of the land to the owners/operators of the real estate projects built thereon.
84GF Score
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Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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