TKYMF (Tokuyama) Debt-to-EBITDA : 1.29 (As of Mar. 2026) — 47% Below 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.

TKYMF Tokuyama Corp TKYMF
77 GF Score
Price $15.10
GF Value $11.74
! 2 Warning Signs
View Full Analysis

What is Tokuyama Debt-to-EBITDA?

Tokuyama TKYMF 77 Debt-to-EBITDA is 1.29 as of Mar. 2026, which is 47% below its 10-year median of 2.45. GuruFocus rates TKYMF with a GF Score™ of 77/100 and a GF Value™ of $11.74. The stock has 2 warning signs investors should review. Among 1,237 Chemicals companies, Tokuyama ranks worse than 56.91% on this metric.

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

Tokuyama's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $247 Mil. Tokuyama's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was $774 Mil. Tokuyama's annualized EBITDA for the quarter that ended in Mar. 2026 was $795 Mil. Tokuyama's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 1.28.

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

TKYMF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.99   Med: 2.45   Max: 3.87
Current: 2.73

During the past 13 years, the highest Debt-to-EBITDA Ratio of Tokuyama was 3.87. The lowest was 1.99. And the median was 2.45.

TKYMF's Debt-to-EBITDA is ranked worse than
56.91% of 1237 companies
in the Chemicals industry
Industry Median: 2.15 vs TKYMF: 2.73

Tokuyama  (OTCPK:TKYMF) 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.


Tokuyama Debt-to-EBITDA Related Terms


Tokuyama Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tokuyama'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.

Tokuyama Debt-to-EBITDA Chart

Tokuyama 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 2.24 3.87 2.36 2.13 2.75

Tokuyama 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 3.52 2.00 71.99 1.29 5.26

TKYMF vs LIN, SHW, ECL: Debt-to-EBITDA Comparison

For the Specialty Chemicals subindustry, Tokuyama'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.


Tokuyama Debt-to-EBITDA vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Tokuyama's Debt-to-EBITDA distribution charts can be found below:

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


TKYMF
77GF Score
Tokuyama Corp TKYMF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokuyama Debt-to-EBITDA Calculation

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

Tokuyama'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
=(246.738 + 774.287) / 370.752
=2.75

Tokuyama'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
=(246.738 + 774.287) / 794.868
=1.28

* 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 1.29 mean?
Tokuyama (TKYMF) has a Debt-to-EBITDA of 1.29 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 Tokuyama. This is 47% below median its historical median of 2.45. Over the past decade, Tokuyama's Debt-to-EBITDA has ranged from 1.99 to 3.87. According to the industry distribution chart, Tokuyama ranks #704 out of 1237 companies in the Chemicals industry, placing it in the top 56.9%.
Is Tokuyama's Debt-to-EBITDA too high?
Tokuyama's current Debt-to-EBITDA of 1.29 is 47% below median its 10-year median of 2.45. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 3.87. The Chemicals industry median Debt-to-EBITDA is 2.15. Tokuyama's value of 1.29 is 40% below this industry median. Based on the distribution chart, Tokuyama ranks #704 out of 1237 companies in the Chemicals industry, which is below the industry midpoint. Overall, Tokuyama has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Tokuyama's Debt-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, Tokuyama ranks #704 out of 1237 companies for Debt-to-EBITDA. This places Tokuyama in the lower half of its industry. The industry median Debt-to-EBITDA is 2.15. Tokuyama's value of 1.29 is 40% below this benchmark. Historically, Tokuyama's own Debt-to-EBITDA has ranged from 1.99 to 3.87 over the past decade. While the company's 10-year median is 2.45 vs. the industry median of 2.15, Tokuyama 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 2.15, based on 1,237 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. Tokuyama's current Debt-to-EBITDA of 1.29 is 40% 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 Tokuyama. For the Chemicals industry, the median Debt-to-EBITDA is 2.15 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokuyama's current Debt-to-EBITDA is 1.29, which is 47% below median its own 10-year median of 2.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokuyama stock overvalued right now?
Tokuyama (TKYMF) has a current Debt-to-EBITDA of 1.29. The stock's GF Value™ is $11.74, compared to a current price of $15.10 — trading 28.6% above its estimated fair value. The current Debt-to-EBITDA is 1.29, which is 47% below median its 10-year median of 2.45 and 40% below the Chemicals industry median of 2.15. Tokuyama's overall GF Score™ is 77/100 with 2 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 Tokuyama (TKYMF), the current Debt-to-EBITDA is 1.29 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 Tokuyama (TKYMF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokuyama stock appears to be overvalued. The current stock price of $15.10 is trading 28.6% above its estimated GF Value™ of $11.74.

Key valuation signals for TKYMF:

  • Debt-to-EBITDA: 1.29 (47% below median its 10-year median of 2.45)
  • GF Value™: $11.74 vs. price of $15.10 (28.6% above fair value)
  • GF Score™: 77/100 with 2 warning signs
  • Industry Position: 40% below the Chemicals median (#704 of 1237)

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


Tokuyama Business Description

Address 7-5, Sotokanda 1-chome, Front Place Akihabara, Chiyoda-ku, Tokyo, JPN, 101-8618
Tokuyama Corp mainly manufactures and sells chemicals, specialty products, cement and functional materials. It operates with various segments namely; Chemicals segment offers soda ash, caustic soda, calcium chloride, silicate soda, propylene oxide and methylene chloride; Specialty Products segment offers multicrystalline silicon, wet silica, metal cleaning chemicals, environmental-related equipment and others; Cement segment offers portland cement, ready-mixed concrete and cementitious solidified materials and the Life Amenity segment offers polypropylene film, resin sashes and others. Geographically, operations of the group are functioned through Japan.
77GF Score

Get the complete analysis for TKYMF

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

$15.10
Price
$11.74
GF Value