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.
Tokai Carbon CoTKCBF 63 Debt-to-EBITDA is 1.35 as of Dec. 2025, which is 37% below its 10-year median of 2.15. GuruFocus rates TKCBF with a GF Score™ of 63/100 and a GF Value™ of $6.34 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,234 Chemicals companies, Tokai Carbon Co ranks worse than 61.59% 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 Tokai Carbon Co's Debt-to-EBITDA or its related term are showing as below:
TKCBF'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -57.6 Med: 2.15 Max: 17.47
Current: 3.08
During the past 13 years, the highest Debt-to-EBITDA Ratio of Tokai Carbon Co was 17.47. The lowest was -57.60. And the median was 2.15.
TKCBF's Debt-to-EBITDA is ranked worse than 61.59% of 1234
companies
in the Chemicals industry
Industry Median: 2.16
vs TKCBF: 3.08
Tokai Carbon Co (OTCPK:TKCBF) 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.
Tokai Carbon Co Debt-to-EBITDA Related Terms
Tokai Carbon Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Tokai Carbon Co'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 Specialty Chemicals subindustry, Tokai Carbon Co'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.
Tokai Carbon Co Debt-to-EBITDA vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, Tokai Carbon Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Tokai Carbon Co'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 (Dec. 2025) EBITDA data.
Tokai Carbon Co (TKCBF) has a Debt-to-EBITDA of 1.35 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Tokai Carbon Co. This is 37% below median its historical median of 2.15. According to the industry distribution chart, Tokai Carbon Co ranks #760 out of 1234 companies in the Chemicals industry, placing it in the top 61.6%.
Is Tokai Carbon Co's Debt-to-EBITDA too high?
Tokai Carbon Co's current Debt-to-EBITDA of 1.35 is 37% below median its 10-year median of 2.15. The Chemicals industry median Debt-to-EBITDA is 2.16. Tokai Carbon Co's value of 1.35 is 37.5% below this industry median. Based on the distribution chart, Tokai Carbon Co ranks #760 out of 1234 companies in the Chemicals industry, which is below the industry midpoint. Overall, Tokai Carbon Co has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokai Carbon Co's Debt-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tokai Carbon Co ranks #760 out of 1234 companies for Debt-to-EBITDA. This places Tokai Carbon Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.16. Tokai Carbon Co's value of 1.35 is 37.5% below this benchmark. While the company's 10-year median is 2.15 vs. the industry median of 2.16, Tokai Carbon Co 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 Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 2.16, based on 1,234 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. Tokai Carbon Co's current Debt-to-EBITDA of 1.35 is 37.5% 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 Tokai Carbon Co. For the Chemicals industry, the median Debt-to-EBITDA is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokai Carbon Co's current Debt-to-EBITDA is 1.35, which is 37% below median its own 10-year median of 2.15. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokai Carbon Co stock overvalued right now?
Based on GuruFocus' analysis, Tokai Carbon Co (TKCBF) is currently considered Significantly Overvalued. The stock's GF Value™ is $6.34, compared to a current price of $11.08 — trading 74.8% above its estimated fair value. The current Debt-to-EBITDA is 1.35, which is 37% below median its 10-year median of 2.15 and 37.5% below the Chemicals industry median of 2.16. Tokai Carbon Co's overall GF Score™ is 63/100 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 Tokai Carbon Co (TKCBF), the current Debt-to-EBITDA is 1.35 as of Dec. 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 Tokai Carbon Co (TKCBF) Overvalued in 2026?
Based on GuruFocus' analysis, Tokai Carbon Co stock appears to be overvalued.
The current stock price of $11.08 is trading 74.8% above its estimated GF Value™ of $6.34.
GuruFocus considers Tokai Carbon Co to be Significantly Overvalued.
Key valuation signals for TKCBF:
Debt-to-EBITDA: 1.35 (37% below median its 10-year median of 2.15)
GF Value™: $6.34 vs. price of $11.08 (74.8% above fair value)
Industry Position: 37.5% below the Chemicals median (#760 of 1234)
No single metric tells the full story. See the TKCBF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Tokai Carbon Co Ltd is a Japan-based manufacturer of carbon products which include, Carbon black, graphite electrodes, fine carbon friction material and manufactures industrial furnaces, and related products. It operates through three reportable segments, Carbon Black business, Carbon and Ceramics business, and Industrial Furnaces and Related Products business. Carbon black is mainly used as a reinforcing agent of industrial rubber products, typically auto tires. Carbon and Ceramics business segment produces artificial graphite electrodes for electric arc furnaces, fine carbon, carbon brush, impervious graphite, pencil lead-cores. Industrial Furnaces and Related Products segment include Industrial electric furnaces, gas furnaces, silicon carbide heating elements refractory, amongst others.
63GF Score
Get the complete analysis for TKCBF
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TKCBF has been successfully added to your 
