Semiconductor Manufacturing International (SHSE:688981) Debt-to-EBITDA : 2.53 (As of Mar. 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:688981 Semiconductor Manufacturing International Corp SHSE:688981
72 GF Score
Price ¥153.64
GF Value ¥76.24
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Semiconductor Manufacturing International Debt-to-EBITDA?

Semiconductor Manufacturing International SHSE:688981 -4.57% 72 Debt-to-EBITDA is 2.53 as of Mar. 2026, which is 7% below its 10-year median of 2.73. GuruFocus rates SHSE:688981 with a GF Score™ of 72/100 and a GF Value™ of ¥76.24 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 722 Semiconductors companies, Semiconductor Manufacturing International ranks worse than 88.09% on this metric.

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

Semiconductor Manufacturing International's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ¥29,706 Mil. Semiconductor Manufacturing International's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ¥70,314 Mil. Semiconductor Manufacturing International's annualized EBITDA for the quarter that ended in Mar. 2026 was ¥39,565 Mil. Semiconductor Manufacturing International's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 2.53.

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 Semiconductor Manufacturing International's Debt-to-EBITDA or its related term are showing as below:

SHSE:688981' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.77   Med: 2.73   Max: 9.16
Current: 9.16

During the past 13 years, the highest Debt-to-EBITDA Ratio of Semiconductor Manufacturing International was 9.16. The lowest was 1.77. And the median was 2.73.

SHSE:688981's Debt-to-EBITDA is ranked worse than
88.09% of 722 companies
in the Semiconductors industry
Industry Median: 1.46 vs SHSE:688981: 9.16

Semiconductor Manufacturing International  (SHSE:688981) 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.


Semiconductor Manufacturing International Debt-to-EBITDA Related Terms


Semiconductor Manufacturing International Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Semiconductor Manufacturing International'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.

Semiconductor Manufacturing International Debt-to-EBITDA Chart

Semiconductor Manufacturing International 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 1.77 1.89 2.51 2.65 2.40

Semiconductor Manufacturing International 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 2.18 -4.86 2.01 -4.77 2.53

SHSE:688981 vs NVDA, AVGO, MU: Debt-to-EBITDA Comparison

For the Semiconductors subindustry, Semiconductor Manufacturing International'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.


Semiconductor Manufacturing International Debt-to-EBITDA vs Semiconductors Industry

For the Semiconductors industry and Technology sector, Semiconductor Manufacturing International's Debt-to-EBITDA distribution charts can be found below:

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


SHSE:688981
72GF Score
Semiconductor Manufacturing International Corp SHSE:688981
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Semiconductor Manufacturing International Debt-to-EBITDA Calculation

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

Semiconductor Manufacturing International'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
=(18316.335 + 70401.087) / 37021.722
=2.40

Semiconductor Manufacturing International'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
=(29705.937 + 70314.024) / 39565.008
=2.53

* 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 2.53 mean?
Semiconductor Manufacturing International (SHSE:688981) has a Debt-to-EBITDA of 2.53 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 Semiconductor Manufacturing International. This is near median its historical median of 2.73. Over the past decade, Semiconductor Manufacturing International's Debt-to-EBITDA has ranged from 1.77 to 9.16. According to the industry distribution chart, Semiconductor Manufacturing International ranks #636 out of 722 companies in the Semiconductors industry, placing it in the top 88.1%.
Is Semiconductor Manufacturing International's Debt-to-EBITDA too high?
Semiconductor Manufacturing International's current Debt-to-EBITDA of 2.53 is near median its 10-year median of 2.73. Over the past 10 years, this metric has ranged from a low of 1.77 to a high of 9.16. The Semiconductors industry median Debt-to-EBITDA is 1.46. Semiconductor Manufacturing International's value of 2.53 is 73.3% above this industry median. Based on the distribution chart, Semiconductor Manufacturing International ranks #636 out of 722 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, Semiconductor Manufacturing International has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Semiconductor Manufacturing International's Debt-to-EBITDA compare to NVDA and AVGO?
According to the Semiconductors industry distribution chart, Semiconductor Manufacturing International ranks #636 out of 722 companies for Debt-to-EBITDA. This places Semiconductor Manufacturing International in the lower half of its industry. The industry median Debt-to-EBITDA is 1.46. Semiconductor Manufacturing International's value of 2.53 is 73.3% above this benchmark. Historically, Semiconductor Manufacturing International's own Debt-to-EBITDA has ranged from 1.77 to 9.16 over the past decade. While the company's 10-year median is 2.73 vs. the industry median of 1.46, Semiconductor Manufacturing International 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 Semiconductors company?
The median Debt-to-EBITDA among Semiconductors companies is 1.46, based on 722 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. Semiconductor Manufacturing International's current Debt-to-EBITDA of 2.53 is 73.3% 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 Semiconductor Manufacturing International. For the Semiconductors industry, the median Debt-to-EBITDA is 1.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Semiconductor Manufacturing International's current Debt-to-EBITDA is 2.53, which is near median its own 10-year median of 2.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Semiconductor Manufacturing International stock overvalued right now?
Based on GuruFocus' analysis, Semiconductor Manufacturing International (SHSE:688981) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥76.24, compared to a current price of ¥153.64 — trading 101.5% above its estimated fair value. The current Debt-to-EBITDA is 2.53, which is near median its 10-year median of 2.73 and 73.3% above the Semiconductors industry median of 1.46. Semiconductor Manufacturing International's overall GF Score™ is 72/100 with 6 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 Semiconductor Manufacturing International (SHSE:688981), the current Debt-to-EBITDA is 2.53 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 Semiconductor Manufacturing International (SHSE:688981) Overvalued in 2026?

Based on GuruFocus' analysis, Semiconductor Manufacturing International stock appears to be overvalued. The current stock price of ¥153.64 is trading 101.5% above its estimated GF Value™ of ¥76.24. GuruFocus considers Semiconductor Manufacturing International to be Significantly Overvalued.

Key valuation signals for SHSE:688981:

  • Debt-to-EBITDA: 2.53 (near median its 10-year median of 2.73)
  • GF Value™: ¥76.24 vs. price of ¥153.64 (101.5% above fair value)
  • GF Score™: 72/100 with 6 warning signs
  • Industry Position: 73.3% above the Semiconductors median (#636 of 722)

No single metric tells the full story. See the SHSE:688981 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Semiconductor Manufacturing International Business Description

Address No. 18 Zhangjiang Road, Pudong New Area, Shanghai, CHN, 201203
Founded in 2000, Semiconductor Manufacturing International Corporation is the largest foundry in China and the third-largest globally after TSMC and Samsung Electronics, overtaking GlobalFoundries and United Microelectronics in 2024. The company's headquarters and foundry are in Shanghai, with additional foundries in Beijing, Tianjin, and Shenzhen, and offices in the United States, Europe, Japan, Taiwan, and Hong Kong. Its products are used in artificial intelligence, data centers, automotive, consumer electronics, memory, and "Internet of Things" products. SMIC employs 19,952 people as of Dec. 31, 2025.
72GF Score

Get the complete analysis for SHSE:688981

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

¥153.64
Price
¥76.24
GF Value