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.
Toa RoadTSE:1882 +0.56%67 Debt-to-EBITDA is 0.38 as of Mar. 2026, which is 41% below its 10-year median of 0.64. GuruFocus rates TSE:1882 with a GF Score™ of 67/100 and a GF Value™ of 円1,410.52 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,395 Construction companies, Toa Road ranks better than 77.2% 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 Toa Road's Debt-to-EBITDA or its related term are showing as below:
TSE:1882'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.19 Med: 0.64 Max: 2.29
Current: 0.59
During the past 13 years, the highest Debt-to-EBITDA Ratio of Toa Road was 2.29. The lowest was 0.19. And the median was 0.64.
TSE:1882's Debt-to-EBITDA is ranked better than 77.2% of 1395
companies
in the Construction industry
Industry Median: 2.09
vs TSE:1882: 0.59
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.
Toa Road Debt-to-EBITDA Related Terms
Toa Road Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Toa Road'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.
TSE:1882 vs PWR, FIX, EME: Debt-to-EBITDA Comparison
For the Engineering & Construction subindustry, Toa Road'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.
Toa Road Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, Toa Road's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Toa Road'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 two times the quarterly (Mar. 2026) EBITDA data.
Toa Road (TSE:1882) has a Debt-to-EBITDA of 0.38 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 Toa Road. This is 41% below median its historical median of 0.64. Over the past decade, Toa Road's Debt-to-EBITDA has ranged from 0.19 to 2.29. According to the industry distribution chart, Toa Road ranks #318 out of 1395 companies in the Construction industry, placing it in the top 22.8%.
Is Toa Road's Debt-to-EBITDA too high?
Toa Road's current Debt-to-EBITDA of 0.38 is 41% below median its 10-year median of 0.64. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 2.29. The Construction industry median Debt-to-EBITDA is 2.09. Toa Road's value of 0.38 is 81.8% below this industry median. Based on the distribution chart, Toa Road ranks #318 out of 1395 companies in the Construction industry, which is in the top quartile — a strong position relative to peers. Overall, Toa Road has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Toa Road's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, Toa Road ranks #318 out of 1395 companies for Debt-to-EBITDA. This places Toa Road in the top 23% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 2.09. Toa Road's value of 0.38 is 81.8% below this benchmark. Historically, Toa Road's own Debt-to-EBITDA has ranged from 0.19 to 2.29 over the past decade. While the company's 10-year median is 0.64 vs. the industry median of 2.09, Toa Road 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 Construction company?
The median Debt-to-EBITDA among Construction companies is 2.09, based on 1,395 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. Toa Road's current Debt-to-EBITDA of 0.38 is 81.8% 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 Toa Road. For the Construction industry, the median Debt-to-EBITDA is 2.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Toa Road's current Debt-to-EBITDA is 0.38, which is 41% below median its own 10-year median of 0.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Toa Road stock overvalued right now?
Based on GuruFocus' analysis, Toa Road (TSE:1882) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,410.52, compared to a current price of 円1,610.00 — trading 14.1% above its estimated fair value. The current Debt-to-EBITDA is 0.38, which is 41% below median its 10-year median of 0.64 and 81.8% below the Construction industry median of 2.09. Toa Road's overall GF Score™ is 67/100 with 6 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 Toa Road (TSE:1882), the current Debt-to-EBITDA is 0.38 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 Toa Road (TSE:1882) Overvalued in 2026?
Based on GuruFocus' analysis, Toa Road stock appears to be overvalued.
The current stock price of 円1,610.00 is trading 14.1% above its estimated GF Value™ of 円1,410.52.
GuruFocus considers Toa Road to be Modestly Overvalued.
Key valuation signals for TSE:1882:
Debt-to-EBITDA: 0.38 (41% below median its 10-year median of 0.64)
GF Value™: 円1,410.52 vs. price of 円1,610.00 (14.1% above fair value)
Industry Position: 81.8% below the Construction median (#318 of 1395)
No single metric tells the full story. See the TSE:1882 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Toa Road Corp provides construction services. It is focused on constructing road networks and transportation infrastructure including expressways and national roads. The company also develops and sells asphalt products and provides environmental solutions and consultancy services like road maintenance plans that integrate pavement maintenance techniques with asset management.
67GF Score
Get the complete analysis for TSE:1882
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
TSE:1882 has been successfully added to your 
