Shanghai SMI Holding Co (SHSE:600649) Debt-to-EBITDA : 73.29 (As of Jun. 2026) — 335% Above Median

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SHSE:600649 Shanghai SMI Holding Co Ltd SHSE:600649
63 GF Score
Price ¥4.06
GF Value ¥5.77
Valuation Possible Value Trap
! 8 Warning Signs
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What is Shanghai SMI Holding Co Debt-to-EBITDA?

Shanghai SMI Holding Co SHSE:600649 +2.27% 63 Debt-to-EBITDA is 73.29 as of Jun. 2026, which is 335% above its 10-year median of 16.83. GuruFocus rates SHSE:600649 with a GF Score™ of 63/100 and a GF Value™ of ¥5.77 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 1,267 Real Estate companies, Shanghai SMI Holding Co ranks worse than 95.03% on this metric.

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

Shanghai SMI Holding Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥14,271 Mil. Shanghai SMI Holding Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ¥28,985 Mil. Shanghai SMI Holding Co's annualized EBITDA for the quarter that ended in Jun. 2026 was ¥590 Mil. Shanghai SMI Holding Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 73.29.

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 SMI Holding Co's Debt-to-EBITDA or its related term are showing as below:

SHSE:600649' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.53   Med: 16.83   Max: 37.86
Current: 37.86

During the past 13 years, the highest Debt-to-EBITDA Ratio of Shanghai SMI Holding Co was 37.86. The lowest was 2.53. And the median was 16.83.

SHSE:600649's Debt-to-EBITDA is ranked worse than
95.03% of 1267 companies
in the Real Estate industry
Industry Median: 5.5 vs SHSE:600649: 37.86

Shanghai SMI Holding Co  (SHSE:600649) 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 SMI Holding Co Debt-to-EBITDA Related Terms


Shanghai SMI Holding Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Shanghai SMI Holding 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 SMI Holding Co Debt-to-EBITDA Chart

Shanghai SMI Holding 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 14.81 18.84 28.96 29.08 22.72

Shanghai SMI Holding Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 23.03 27.57 28.16 47.71 73.29

Shanghai SMI Holding Co Debt-to-EBITDA Competitor Comparison

For the Real Estate - Development subindustry, Shanghai SMI Holding 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 SMI Holding Co Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Shanghai SMI Holding Co's Debt-to-EBITDA distribution charts can be found below:

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


SHSE:600649
63GF Score
Shanghai SMI Holding Co Ltd SHSE:600649
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shanghai SMI Holding Co Debt-to-EBITDA Calculation

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

Shanghai SMI Holding 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
=(11132.916 + 31172.87) / 1862.407
=22.72

Shanghai SMI Holding Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(14270.784 + 28985.113) / 590.184
=73.29

* 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 (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 73.29 mean?
Shanghai SMI Holding Co (SHSE:600649) has a Debt-to-EBITDA of 73.29 as of Jun. 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 SMI Holding Co. This is 335% above median its historical median of 16.83. Over the past decade, Shanghai SMI Holding Co's Debt-to-EBITDA has ranged from 2.53 to 37.86. According to the industry distribution chart, Shanghai SMI Holding Co ranks #1204 out of 1267 companies in the Real Estate industry, placing it in the top 95%.
Is Shanghai SMI Holding Co's Debt-to-EBITDA too high?
Shanghai SMI Holding Co's current Debt-to-EBITDA of 73.29 is 335% above median its 10-year median of 16.83. Over the past 10 years, this metric has ranged from a low of 2.53 to a high of 37.86. The Real Estate industry median Debt-to-EBITDA is 5.50. Shanghai SMI Holding Co's value of 73.29 is 1232.5% above this industry median. Based on the distribution chart, Shanghai SMI Holding Co ranks #1204 out of 1267 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Shanghai SMI Holding Co has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Shanghai SMI Holding Co's Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, Shanghai SMI Holding Co ranks #1204 out of 1267 companies for Debt-to-EBITDA. This places Shanghai SMI Holding Co in the lower half of its industry. The industry median Debt-to-EBITDA is 5.50. Shanghai SMI Holding Co's value of 73.29 is 1232.5% above this benchmark. Historically, Shanghai SMI Holding Co's own Debt-to-EBITDA has ranged from 2.53 to 37.86 over the past decade. While the company's 10-year median is 16.83 vs. the industry median of 5.50, Shanghai SMI Holding 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 a Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.50, based on 1,267 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 SMI Holding Co's current Debt-to-EBITDA of 73.29 is 1232.5% 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 SMI Holding Co. For the Real Estate industry, the median Debt-to-EBITDA is 5.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shanghai SMI Holding Co's current Debt-to-EBITDA is 73.29, which is 335% above median its own 10-year median of 16.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shanghai SMI Holding Co stock overvalued right now?
Based on GuruFocus' analysis, Shanghai SMI Holding Co (SHSE:600649) is currently considered Possible Value Trap. The stock's GF Value™ is ¥5.77, compared to a current price of ¥4.06 — trading 29.6% below its estimated fair value. The current Debt-to-EBITDA is 73.29, which is 335% above median its 10-year median of 16.83 and 1232.5% above the Real Estate industry median of 5.50. Shanghai SMI Holding Co's overall GF Score™ is 63/100 with 8 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 SMI Holding Co (SHSE:600649), the current Debt-to-EBITDA is 73.29 as of Jun. 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 SMI Holding Co (SHSE:600649) Overvalued in 2026?

Based on GuruFocus' analysis, Shanghai SMI Holding Co stock appears to be undervalued. The current stock price of ¥4.06 is trading 29.6% below its estimated GF Value™ of ¥5.77. GuruFocus considers Shanghai SMI Holding Co to be Possible Value Trap.

Key valuation signals for SHSE:600649:

  • Debt-to-EBITDA: 73.29 (335% above median its 10-year median of 16.83)
  • GF Value™: ¥5.77 vs. price of ¥4.06 (29.6% below fair value)
  • GF Score™: 63/100 with 8 warning signs
  • Industry Position: 1232.5% above the Real Estate median (#1204 of 1267)

No single metric tells the full story. See the SHSE:600649 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shanghai SMI Holding Co Business Description

Address No.130, Wusong Road, Hongkou District, Shanghai, CHN, 200125
Shanghai SMI Holding Co Ltd is a real estate company. The company is a provider of comprehensive real estate, environmental and venture capital services with impressive core competence in China. Its real estate business includes the development of land, the construction of housing and commercial housing such as office parks, office building, and others. The company's investment business mainly includes direct equity investment such as invests in the listed companies and private equity investment fund management includes PE and urban development funds.
63GF Score

Get the complete analysis for SHSE:600649

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

¥4.06
Price
¥5.77
GF Value