Shanghai AJ Group Co (SHSE:600643) Debt-to-EBITDA : 50.96 (As of Mar. 2026) — 761% Above Median

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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.
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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.

SHSE:600643 Shanghai AJ Group Co Ltd SHSE:600643
58 GF Score
Price ¥3.94
GF Value ¥3.03
Valuation Modestly Overvalued
! 9 Warning Signs
View Full Analysis

What is Shanghai AJ Group Co Debt-to-EBITDA?

Shanghai AJ Group Co SHSE:600643 -2.23% 58 Debt-to-EBITDA is 50.96 as of Mar. 2026, which is 761% above its 10-year median of 5.92. GuruFocus rates SHSE:600643 with a GF Score™ of 58/100 and a GF Value™ of ¥3.03 (Modestly Overvalued). The stock has 9 warning signs investors should review. Among 387 Asset Management companies, Shanghai AJ Group Co ranks worse than 258397.67% on this metric.

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

Shanghai AJ Group Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ¥4,853 Mil. Shanghai AJ Group Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ¥3,513 Mil. Shanghai AJ Group Co's annualized EBITDA for the quarter that ended in Mar. 2026 was ¥164 Mil. Shanghai AJ Group Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 50.96.

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 Shanghai AJ Group Co's Debt-to-EBITDA or its related term are showing as below:

SHSE:600643' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -54.52   Med: 5.92   Max: 14.41
Current: -3.49

During the past 13 years, the highest Debt-to-EBITDA Ratio of Shanghai AJ Group Co was 14.41. The lowest was -54.52. And the median was 5.92.

SHSE:600643's Debt-to-EBITDA is ranked worse than
100% of 387 companies
in the Asset Management industry
Industry Median: 1.39 vs SHSE:600643: -3.49

Shanghai AJ Group Co  (SHSE:600643) 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.


Shanghai AJ Group Co Debt-to-EBITDA Related Terms


Shanghai AJ Group Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Shanghai AJ Group Co'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.

Shanghai AJ Group Co Debt-to-EBITDA Chart

Shanghai AJ Group Co 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 6.23 8.82 14.41 -54.52 -4.87

Shanghai AJ Group Co 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 16.29 31.68 38.22 -0.83 50.96

SHSE:600643 vs BLK, BX, KKR: Debt-to-EBITDA Comparison

For the Asset Management subindustry, Shanghai AJ Group Co'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.


Shanghai AJ Group Co Debt-to-EBITDA vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Shanghai AJ Group Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Shanghai AJ Group Co's Debt-to-EBITDA falls into.


SHSE:600643
58GF Score
Shanghai AJ Group Co Ltd SHSE:600643
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai AJ Group Co Debt-to-EBITDA Calculation

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

Shanghai AJ Group Co'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
=(5060.491 + 3542.361) / -1766.593
=-4.87

Shanghai AJ Group Co'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
=(4852.566 + 3513.153) / 164.172
=50.96

* 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 50.96 mean?
Shanghai AJ Group Co (SHSE:600643) has a Debt-to-EBITDA of 50.96 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 Shanghai AJ Group Co. This is 761% above median its historical median of 5.92. According to the industry distribution chart, Shanghai AJ Group Co ranks #999999 out of 387 companies in the Asset Management industry.
Is Shanghai AJ Group Co's Debt-to-EBITDA too high?
Shanghai AJ Group Co's current Debt-to-EBITDA of 50.96 is 761% above median its 10-year median of 5.92. The Asset Management industry median Debt-to-EBITDA is 1.39. Shanghai AJ Group Co's value of 50.96 is 3566.2% above this industry median. Based on the distribution chart, Shanghai AJ Group Co ranks #999999 out of 387 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Shanghai AJ Group Co has a GF Score™ of 58/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Shanghai AJ Group Co's Debt-to-EBITDA compare to BLK and BX?
According to the Asset Management industry distribution chart, Shanghai AJ Group Co ranks #999999 out of 387 companies for Debt-to-EBITDA. This places Shanghai AJ Group Co in the lower half of its industry. The industry median Debt-to-EBITDA is 1.39. Shanghai AJ Group Co's value of 50.96 is 3566.2% above this benchmark. While the company's 10-year median is 5.92 vs. the industry median of 1.39, Shanghai AJ Group Co 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 an Asset Management company?
The median Debt-to-EBITDA among Asset Management companies is 1.39, based on 387 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. Shanghai AJ Group Co's current Debt-to-EBITDA of 50.96 is 3566.2% 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 Shanghai AJ Group Co. For the Asset Management industry, the median Debt-to-EBITDA is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai AJ Group Co's current Debt-to-EBITDA is 50.96, which is 761% above median its own 10-year median of 5.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai AJ Group Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai AJ Group Co (SHSE:600643) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥3.03, compared to a current price of ¥3.94 — trading 30% above its estimated fair value. The current Debt-to-EBITDA is 50.96, which is 761% above median its 10-year median of 5.92 and 3566.2% above the Asset Management industry median of 1.39. Shanghai AJ Group Co's overall GF Score™ is 58/100 with 9 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 Shanghai AJ Group Co (SHSE:600643), the current Debt-to-EBITDA is 50.96 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 Shanghai AJ Group Co (SHSE:600643) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai AJ Group Co stock appears to be overvalued. The current stock price of ¥3.94 is trading 30% above its estimated GF Value™ of ¥3.03. GuruFocus considers Shanghai AJ Group Co to be Modestly Overvalued.

Key valuation signals for SHSE:600643:

  • Debt-to-EBITDA: 50.96 (761% above median its 10-year median of 5.92)
  • GF Value™: ¥3.03 vs. price of ¥3.94 (30% above fair value)
  • GF Score™: 58/100 with 9 warning signs
  • Industry Position: 3566.2% above the Asset Management median (#999999 of 387)

No single metric tells the full story. See the SHSE:600643 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai AJ Group Co Business Description

Address 746 Zhaojiabang Road, Shanghai, CHN, 200030
Shanghai AJ Group Co Ltd provides financial services. Its services include wealth management and asset management services.
58GF Score

Get the complete analysis for SHSE:600643

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

¥3.94
Price
¥3.03
GF Value