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.
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.
iRay GroupSHSE:688301 -2.07%95 Debt-to-EBITDA is 2.83 as of Jun. 2026, which is 502% above its 10-year median of 0.47. GuruFocus rates SHSE:688301 with a GF Score™ of 95/100 and a GF Value™ of ¥109.99 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 471 Medical Devices & Instruments companies, iRay Group ranks worse than 78.13% 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 iRay Group's Debt-to-EBITDA or its related term are showing as below:
SHSE:688301'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.07 Med: 0.47 Max: 5.87
Current: 4.09
During the past 11 years, the highest Debt-to-EBITDA Ratio of iRay Group was 5.87. The lowest was 0.07. And the median was 0.47.
SHSE:688301's Debt-to-EBITDA is ranked worse than 78.13% of 471
companies
in the Medical Devices & Instruments industry
Industry Median: 1.63
vs SHSE:688301: 4.09
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.
iRay Group Debt-to-EBITDA Related Terms
iRay Group Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for iRay Group'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.
SHSE:688301 vs ISRG, BDX, RMD: Debt-to-EBITDA Comparison
For the Medical Instruments & Supplies subindustry, iRay Group'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.
iRay Group Debt-to-EBITDA vs Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, iRay Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where iRay Group'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 (Jun. 2026) EBITDA data.
iRay Group (SHSE:688301) has a Debt-to-EBITDA of 2.83 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 iRay Group. This is 502% above median its historical median of 0.47. Over the past decade, iRay Group's Debt-to-EBITDA has ranged from 0.07 to 5.87. According to the industry distribution chart, iRay Group ranks #368 out of 471 companies in the Medical Devices & Instruments industry, placing it in the top 78.1%.
Is iRay Group's Debt-to-EBITDA too high?
iRay Group's current Debt-to-EBITDA of 2.83 is 502% above median its 10-year median of 0.47. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 5.87. The Medical Devices & Instruments industry median Debt-to-EBITDA is 1.63. iRay Group's value of 2.83 is 73.6% above this industry median. Based on the distribution chart, iRay Group ranks #368 out of 471 companies in the Medical Devices & Instruments industry, which is in the bottom quartile relative to peers. Overall, iRay Group has a GF Score™ of 95/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does iRay Group's Debt-to-EBITDA compare to ISRG and BDX?
According to the Medical Devices & Instruments industry distribution chart, iRay Group ranks #368 out of 471 companies for Debt-to-EBITDA. This places iRay Group in the lower half of its industry. The industry median Debt-to-EBITDA is 1.63. iRay Group's value of 2.83 is 73.6% above this benchmark. Historically, iRay Group's own Debt-to-EBITDA has ranged from 0.07 to 5.87 over the past decade. While the company's 10-year median is 0.47 vs. the industry median of 1.63, iRay Group 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 Medical Devices & Instruments company?
The median Debt-to-EBITDA among Medical Devices & Instruments companies is 1.63, based on 471 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. iRay Group's current Debt-to-EBITDA of 2.83 is 73.6% 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 iRay Group. For the Medical Devices & Instruments industry, the median Debt-to-EBITDA is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. iRay Group's current Debt-to-EBITDA is 2.83, which is 502% above median its own 10-year median of 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is iRay Group stock overvalued right now?
Based on GuruFocus' analysis, iRay Group (SHSE:688301) is currently considered Modestly Undervalued. The stock's GF Value™ is ¥109.99, compared to a current price of ¥88.54 — trading 19.5% below its estimated fair value. The current Debt-to-EBITDA is 2.83, which is 502% above median its 10-year median of 0.47 and 73.6% above the Medical Devices & Instruments industry median of 1.63. iRay Group's overall GF Score™ is 95/100 with 4 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 iRay Group (SHSE:688301), the current Debt-to-EBITDA is 2.83 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 iRay Group (SHSE:688301) Overvalued in 2026?
Based on GuruFocus' analysis, iRay Group stock appears to be undervalued.
The current stock price of ¥88.54 is trading 19.5% below its estimated GF Value™ of ¥109.99.
GuruFocus considers iRay Group to be Modestly Undervalued.
Key valuation signals for SHSE:688301:
Debt-to-EBITDA: 2.83 (502% above median its 10-year median of 0.47)
GF Value™: ¥109.99 vs. price of ¥88.54 (19.5% below fair value)
Industry Position: 73.6% above the Medical Devices & Instruments median (#368 of 471)
No single metric tells the full story. See the SHSE:688301 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:688301 has been successfully added to your 
