StepStone GroupSTEP -2.61%49 Debt-to-EBITDA is 21.03 as of Mar. 2026, which is 2345% above its 10-year median of 0.86. GuruFocus rates STEP with a GF Score™ of 49/100 and a GF Value™ of $90.14 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 388 Asset Management companies, StepStone Group ranks worse than 257731.7% 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 StepStone Group's Debt-to-EBITDA or its related term are showing as below:
STEP'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -2.34 Med: 0.86 Max: 21.57
Current: -1.58
During the past 9 years, the highest Debt-to-EBITDA Ratio of StepStone Group was 21.57. The lowest was -2.34. And the median was 0.86.
STEP's Debt-to-EBITDA is ranked worse than 100% of 388
companies
in the Asset Management industry
Industry Median: 1.395
vs STEP: -1.58
StepStone Group (NAS:STEP) Debt-to-EBITDA Explanation
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.
StepStone Group Debt-to-EBITDA Related Terms
StepStone Group Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for StepStone 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.
For the Asset Management subindustry, StepStone 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.
StepStone Group Debt-to-EBITDA vs Asset Management Industry
For the Asset Management industry and Financial Services sector, StepStone Group's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where StepStone 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 (Mar. 2026) EBITDA data.
StepStone Group (STEP) has a Debt-to-EBITDA of 21.03 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 StepStone Group. This is 2345% above median its historical median of 0.86. According to the industry distribution chart, StepStone Group ranks #999999 out of 388 companies in the Asset Management industry.
Is StepStone Group's Debt-to-EBITDA too high?
StepStone Group's current Debt-to-EBITDA of 21.03 is 2345% above median its 10-year median of 0.86. The Asset Management industry median Debt-to-EBITDA is 1.40. StepStone Group's value of 21.03 is 1407.5% above this industry median. Based on the distribution chart, StepStone Group ranks #999999 out of 388 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, StepStone Group has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does StepStone Group's Debt-to-EBITDA compare to CSQ and GBDC?
According to the Asset Management industry distribution chart, StepStone Group ranks #999999 out of 388 companies for Debt-to-EBITDA. This places StepStone Group in the lower half of its industry. The industry median Debt-to-EBITDA is 1.40. StepStone Group's value of 21.03 is 1407.5% above this benchmark. While the company's 10-year median is 0.86 vs. the industry median of 1.40, StepStone 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 an Asset Management company?
The median Debt-to-EBITDA among Asset Management companies is 1.40, based on 388 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. StepStone Group's current Debt-to-EBITDA of 21.03 is 1407.5% 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 StepStone Group. For the Asset Management industry, the median Debt-to-EBITDA is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. StepStone Group's current Debt-to-EBITDA is 21.03, which is 2345% above median its own 10-year median of 0.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StepStone Group stock overvalued right now?
Based on GuruFocus' analysis, StepStone Group (STEP) is currently considered Possible Value Trap. The stock's GF Value™ is $90.14, compared to a current price of $42.88 — trading 52.4% below its estimated fair value. The current Debt-to-EBITDA is 21.03, which is 2345% above median its 10-year median of 0.86 and 1407.5% above the Asset Management industry median of 1.40. StepStone Group's overall GF Score™ is 49/100 with 3 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 StepStone Group (STEP), the current Debt-to-EBITDA is 21.03 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 StepStone Group (STEP) Overvalued in 2026?
Based on GuruFocus' analysis, StepStone Group stock appears to be undervalued.
The current stock price of $42.88 is trading 52.4% below its estimated GF Value™ of $90.14.
GuruFocus considers StepStone Group to be Possible Value Trap.
Key valuation signals for STEP:
Debt-to-EBITDA: 21.03 (2345% above median its 10-year median of 0.86)
GF Value™: $90.14 vs. price of $42.88 (52.4% below fair value)
Industry Position: 1407.5% above the Asset Management median (#999999 of 388)
No single metric tells the full story. See the STEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StepStone Group Inc operates as a fully integrated private markets solution provider. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The company consists of a single operating segment and a single reportable segment for accounting and financial reporting purposes.
49GF Score
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