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 Steel Partners Holdings LP's Debt-to-EBITDA or its related term are showing as below:
SPLP'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.27 Med: 2.54 Max: 10.55
Current: 0.27
During the past 13 years, the highest Debt-to-EBITDA Ratio of Steel Partners Holdings LP was 10.55. The lowest was 0.27. And the median was 2.54.
SPLP's Debt-to-EBITDA is not ranked
in the Conglomerates industry.
Industry Median: 2.755
vs SPLP: 0.27
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.
Steel Partners Holdings LP Debt-to-EBITDA Related Terms
Steel Partners Holdings LP Debt-to-EBITDA Historical Data
* 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.
For the Conglomerates subindustry, Steel Partners Holdings LP'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.
Steel Partners Holdings LP Debt-to-EBITDA vs Conglomerates Industry
For the Conglomerates industry and Industrials sector, Steel Partners Holdings LP's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Steel Partners Holdings LP'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 (Sep. 2025) EBITDA data.
Steel Partners Holdings LP (SPLP) has a Debt-to-EBITDA of 0.22 as of Sep. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Steel Partners Holdings LP. This is 91% below median its historical median of 2.54. Over the past decade, Steel Partners Holdings LP's Debt-to-EBITDA has ranged from 0.27 to 10.55.
Is Steel Partners Holdings LP's Debt-to-EBITDA too high?
Steel Partners Holdings LP's current Debt-to-EBITDA of 0.22 is 91% below median its 10-year median of 2.54. Over the past 10 years, this metric has ranged from a low of 0.27 to a high of 10.55. The Conglomerates industry median Debt-to-EBITDA is 2.76. Steel Partners Holdings LP's value of 0.22 is 92% below this industry median. Overall, Steel Partners Holdings LP has a GF Score™ of 66/100, reflecting its overall financial health beyond just this single metric.
How does Steel Partners Holdings LP's Debt-to-EBITDA compare to MATW and DLX?
Steel Partners Holdings LP's Debt-to-EBITDA of 0.22 can be compared against companies in the Conglomerates industry. The industry median Debt-to-EBITDA is 2.76. Steel Partners Holdings LP's value of 0.22 is 92% below this benchmark. Historically, Steel Partners Holdings LP's own Debt-to-EBITDA has ranged from 0.27 to 10.55 over the past decade. While the company's 10-year median is 2.54 vs. the industry median of 2.76, Steel Partners Holdings LP has consistently been below 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 Conglomerates company?
The median Debt-to-EBITDA among Conglomerates companies is 2.76, based on 458 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. Steel Partners Holdings LP's current Debt-to-EBITDA of 0.22 is 92% below 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 Steel Partners Holdings LP. For the Conglomerates industry, the median Debt-to-EBITDA is 2.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Steel Partners Holdings LP's current Debt-to-EBITDA is 0.22, which is 91% below median its own 10-year median of 2.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Steel Partners Holdings LP stock overvalued right now?
Steel Partners Holdings LP (SPLP) has a current Debt-to-EBITDA of 0.22. The stock's GF Value™ is $51.26, compared to a current price of $50.00 — trading 2.5% below its estimated fair value. The current Debt-to-EBITDA is 0.22, which is 91% below median its 10-year median of 2.54 and 92% below the Conglomerates industry median of 2.76. Steel Partners Holdings LP's overall GF Score™ is 66/100 with 5 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 Steel Partners Holdings LP (SPLP), the current Debt-to-EBITDA is 0.22 as of Sep. 2025. 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 Steel Partners Holdings LP (SPLP) Overvalued in 2026?
Based on GuruFocus' analysis, Steel Partners Holdings LP stock appears to be undervalued.
The current stock price of $50.00 is trading 2.5% below its estimated GF Value™ of $51.26.
Key valuation signals for SPLP:
Debt-to-EBITDA: 0.22 (91% below median its 10-year median of 2.54)
GF Value™: $51.26 vs. price of $50.00 (2.5% below fair value)
Industry Position: 92% below the Conglomerates median
No single metric tells the full story. See the SPLP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Steel Partners Holdings LP operates in industrial products, energy, defense, supply chain management and logistics, banking, and youth sports industries. Its segments include the Diversified Industrial segment comprised of manufacturers of engineered niche industrial products, joining materials, tubing, building materials, performance materials etc; the Energy segment provides drilling and production services to the oil and gas industry and owns a youth sports business; the Financial Services segment consists of the operations of WebBank, a Utah chartered industrial bank, which engages in full range of banking activities; The Supply Chain segment consists of end-to-end world-wide supply; and Corporate and Other consists of equity method and other investments, and cash and cash equivalents.
66GF Score
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