West Holdings (TSE:1407) Debt-to-EBITDA : 8.62 (As of Feb. 2026) — 29% Above Median

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TSE:1407 West Holdings Corp TSE:1407
73 GF Score
Price 円2,662.00
GF Value 円2,588.21
Valuation Fairly Valued
! 8 Warning Signs
View Full Analysis

What is West Holdings Debt-to-EBITDA?

West Holdings TSE:1407 -6.20% 73 Debt-to-EBITDA is 8.62 as of Feb. 2026, which is 29% above its 10-year median of 6.67. GuruFocus rates TSE:1407 with a GF Score™ of 73/100 and a GF Value™ of 円2,588.21 (Fairly Valued). The stock has 8 warning signs investors should review. Among 348 Utilities - Independent Power Producers companies, West Holdings ranks worse than 58.05% on this metric.

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

West Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円24,958 Mil. West Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円68,815 Mil. West Holdings's annualized EBITDA for the quarter that ended in Feb. 2026 was 円10,876 Mil. West Holdings's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 was 8.62.

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

TSE:1407' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.74   Med: 6.67   Max: 9.11
Current: 6.13

During the past 13 years, the highest Debt-to-EBITDA Ratio of West Holdings was 9.11. The lowest was 4.74. And the median was 6.67.

TSE:1407's Debt-to-EBITDA is ranked worse than
58.05% of 348 companies
in the Utilities - Independent Power Producers industry
Industry Median: 4.96 vs TSE:1407: 6.13

West Holdings  (TSE:1407) 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.


West Holdings Debt-to-EBITDA Related Terms


West Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for West 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.

West Holdings Debt-to-EBITDA Chart

West Holdings Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.74 7.72 7.13 5.81 8.13

West Holdings Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 -47.87 2.54 575.54 8.62 7.30

West Holdings Debt-to-EBITDA Competitor Comparison

For the Utilities - Renewable subindustry, West 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.


West Holdings Debt-to-EBITDA vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, West Holdings's Debt-to-EBITDA distribution charts can be found below:

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


TSE:1407
73GF Score
West Holdings Corp TSE:1407
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

West Holdings Debt-to-EBITDA Calculation

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

West Holdings's Debt-to-EBITDA for the fiscal year that ended in Aug. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(24013 + 70108) / 11580
=8.13

West Holdings's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(24958 + 68815) / 10876
=8.62

* 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 (Feb. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 8.62 mean?
West Holdings (TSE:1407) has a Debt-to-EBITDA of 8.62 as of Feb. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on West Holdings. This is 29% above median its historical median of 6.67. Over the past decade, West Holdings' Debt-to-EBITDA has ranged from 4.74 to 9.11. According to the industry distribution chart, West Holdings ranks #202 out of 348 companies in the Utilities - Independent Power Producers industry, placing it in the top 58%.
Is West Holdings' Debt-to-EBITDA too high?
West Holdings' current Debt-to-EBITDA of 8.62 is 29% above median its 10-year median of 6.67. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 9.11. The Utilities - Independent Power Producers industry median Debt-to-EBITDA is 4.96. West Holdings' value of 8.62 is 73.8% above this industry median. Based on the distribution chart, West Holdings ranks #202 out of 348 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, West Holdings has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does West Holdings' Debt-to-EBITDA compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, West Holdings ranks #202 out of 348 companies for Debt-to-EBITDA. This places West Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 4.96. West Holdings' value of 8.62 is 73.8% above this benchmark. Historically, West Holdings' own Debt-to-EBITDA has ranged from 4.74 to 9.11 over the past decade. While the company's 10-year median is 6.67 vs. the industry median of 4.96, West Holdings 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 Utilities - Independent Power Producers company?
The median Debt-to-EBITDA among Utilities - Independent Power Producers companies is 4.96, based on 348 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. West Holdings's current Debt-to-EBITDA of 8.62 is 73.8% 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 West Holdings. For the Utilities - Independent Power Producers industry, the median Debt-to-EBITDA is 4.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. West Holdings's current Debt-to-EBITDA is 8.62, which is 29% above median its own 10-year median of 6.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is West Holdings stock overvalued right now?
Based on GuruFocus' analysis, West Holdings (TSE:1407) is currently considered Fairly Valued. The stock's GF Value™ is 円2,588.21, compared to a current price of 円2,662.00 — trading 2.9% above its estimated fair value. The current Debt-to-EBITDA is 8.62, which is 29% above median its 10-year median of 6.67 and 73.8% above the Utilities - Independent Power Producers industry median of 4.96. West Holdings' overall GF Score™ is 73/100 with 8 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 West Holdings (TSE:1407), the current Debt-to-EBITDA is 8.62 as of Feb. 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 West Holdings (TSE:1407) Overvalued in 2026?

Based on GuruFocus' analysis, West Holdings stock appears to be overvalued. The current stock price of 円2,662.00 is trading 2.9% above its estimated GF Value™ of 円2,588.21. GuruFocus considers West Holdings to be Fairly Valued.

Key valuation signals for TSE:1407:

  • Debt-to-EBITDA: 8.62 (29% above median its 10-year median of 6.67)
  • GF Value™: 円2,588.21 vs. price of 円2,662.00 (2.9% above fair value)
  • GF Score™: 73/100 with 8 warning signs
  • Industry Position: 73.8% above the Utilities - Independent Power Producers median (#202 of 348)

No single metric tells the full story. See the TSE:1407 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


West Holdings Business Description

Address 3-20-2 Nishi-Shinjuku, Tokyo Opera City Building 32 Floor, Shinjuku-ku, Tokyo, JPN, 163-1432
West Holdings Corp is engaged in the solar power generation. The company generates solar power for municipalities, residential and industrial use. Its business activities are divided into different divisions including Stadtberg business, Solar power generation for municipalities, special high-pressure solar power generation, Industrial solar power generation, Residential solar power generation, O & M (operation and management), Sales of electricity and Esco Business. Stadtberg division provides consulting and operation support for infrastructure services centered on renewable energy. O & M division monitors the photovoltaic power plant and maintains the maximum amount of power generation. Its Esco division provides various energy-saving measures.
73GF Score

Get the complete analysis for TSE:1407

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

円2,662.00
Price
円2,588.21
GF Value