JGC Holdings (STU:VJC) Debt-to-EBITDA : (As of Jun. 2026)

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.

STU:VJC JGC Holdings Corp STU:VJC
68 GF Score
Price €12.80
GF Value €7.25
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is JGC Holdings Debt-to-EBITDA?

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

JGC Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €8 Mil. JGC Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was €185 Mil. JGC Holdings's annualized EBITDA for the quarter that ended in Jun. 2026 was €532 Mil. JGC Holdings's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 0.36.

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 JGC Holdings's Debt-to-EBITDA or its related term are showing as below:

STU:VJC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.68   Med: 1.44   Max: 2.83
Current: 0.42

During the past 13 years, the highest Debt-to-EBITDA Ratio of JGC Holdings was 2.83. The lowest was -3.68. And the median was 1.44.

STU:VJC's Debt-to-EBITDA is ranked better than
81.75% of 1408 companies
in the Construction industry
Industry Median: 2.1 vs STU:VJC: 0.42

JGC Holdings  (STU:VJC) 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.


JGC Holdings Debt-to-EBITDA Related Terms


JGC Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for JGC Holdings'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.

JGC Holdings Debt-to-EBITDA Chart

JGC Holdings Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

JGC Holdings 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 - - - - -

STU:VJC vs PWR, FIX, EME: Debt-to-EBITDA Comparison

For the Engineering & Construction subindustry, JGC Holdings'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.


JGC Holdings Debt-to-EBITDA vs Construction Industry

For the Construction industry and Industrials sector, JGC Holdings's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where JGC Holdings's Debt-to-EBITDA falls into.


STU:VJC
68GF Score
JGC Holdings Corp STU:VJC
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

JGC Holdings Debt-to-EBITDA Calculation

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

JGC Holdings's Debt-to-EBITDA for the fiscal year 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
=(8.5595747878199 + 190.60738273527) / 419.81469459145
=0.47

JGC Holdings'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
=(8.0833159538004 + 184.67309384465) / 532.2912769166
=0.36

* 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.

Is JGC Holdings (STU:VJC) Overvalued in 2026?

Based on GuruFocus' analysis, JGC Holdings stock appears to be overvalued. The current stock price of €12.80 is trading 76.6% above its estimated GF Value™ of €7.25. GuruFocus considers JGC Holdings to be Significantly Overvalued.

Key valuation signals for STU:VJC:

  • Debt-to-EBITDA:
  • GF Value™: €7.25 vs. price of €12.80 (76.6% above fair value)
  • GF Score™: 68/100 with 3 warning signs

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


JGC Holdings Business Description

Address 2-3-1 Minatomirai, Nishi-Ku, Kanagawa, Yokohama-shi, JPN, 220-6001
JGC Holdings Corp is a Japan-based company engaged in providing infrastructure construction services. The company operates through two segments. The Comprehensive Engineering segment provides EPC services including design, procurement, construction, and commissioning of equipment and facilities for petroleum, oil refining, petrochemicals, gas, and LNG. The Functional Materials Manufacturing segment produces and sells catalysts, nanoparticle technology products, clean and safety materials, electronic materials, high-performance ceramics, and next-generation energy solutions. The Others segment includes consulting, office support, desalination, and crude oil and gas production and sales. It generates the majority of its revenue from the Comprehensive engineering segment.
68GF Score

Get the complete analysis for STU:VJC

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

€12.80
Price
€7.25
GF Value