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CROOZTSE:2138 +0.67%49 Debt-to-EBITDA is 10.16 as of Mar. 2026, which is 60% above its 10-year median of 6.34. GuruFocus rates TSE:2138 with a GF Score™ of 49/100 and a GF Value™ of 円577.30 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 1,726 Software companies, CROOZ ranks worse than 98.9% 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 CROOZ's Debt-to-EBITDA or its related term are showing as below:
TSE:2138'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -220.06 Med: 6.34 Max: 351.26
Current: 55.86
During the past 13 years, the highest Debt-to-EBITDA Ratio of CROOZ was 351.26. The lowest was -220.06. And the median was 6.34.
TSE:2138's Debt-to-EBITDA is ranked worse than 98.9% of 1726
companies
in the Software industry
Industry Median: 1.04
vs TSE:2138: 55.86
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.
CROOZ Debt-to-EBITDA Related Terms
CROOZ Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for CROOZ'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:2138 vs QH, SHOP, UBER: Debt-to-EBITDA Comparison
For the Software - Application subindustry, CROOZ'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.
CROOZ Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, CROOZ's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where CROOZ'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 (Mar. 2026) EBITDA data.
CROOZ (TSE:2138) has a Debt-to-EBITDA of 10.16 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 CROOZ. This is 60% above median its historical median of 6.34. According to the industry distribution chart, CROOZ ranks #1707 out of 1726 companies in the Software industry, placing it in the top 98.9%.
Is CROOZ's Debt-to-EBITDA too high?
CROOZ's current Debt-to-EBITDA of 10.16 is 60% above median its 10-year median of 6.34. The Software industry median Debt-to-EBITDA is 1.04. CROOZ's value of 10.16 is 876.9% above this industry median. Based on the distribution chart, CROOZ ranks #1707 out of 1726 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, CROOZ has a GF Score™ of 49/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CROOZ's Debt-to-EBITDA compare to QH and SHOP?
According to the Software industry distribution chart, CROOZ ranks #1707 out of 1726 companies for Debt-to-EBITDA. This places CROOZ in the lower half of its industry. The industry median Debt-to-EBITDA is 1.04. CROOZ's value of 10.16 is 876.9% above this benchmark. While the company's 10-year median is 6.34 vs. the industry median of 1.04, CROOZ 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 a Software company?
The median Debt-to-EBITDA among Software companies is 1.04, based on 1,726 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. CROOZ's current Debt-to-EBITDA of 10.16 is 876.9% 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 CROOZ. For the Software industry, the median Debt-to-EBITDA is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CROOZ's current Debt-to-EBITDA is 10.16, which is 60% above median its own 10-year median of 6.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CROOZ stock overvalued right now?
Based on GuruFocus' analysis, CROOZ (TSE:2138) is currently considered Modestly Undervalued. The stock's GF Value™ is 円577.30, compared to a current price of 円450.00 — trading 22.1% below its estimated fair value. The current Debt-to-EBITDA is 10.16, which is 60% above median its 10-year median of 6.34 and 876.9% above the Software industry median of 1.04. CROOZ's overall GF Score™ is 49/100 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 CROOZ (TSE:2138), the current Debt-to-EBITDA is 10.16 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 CROOZ (TSE:2138) Overvalued in 2026?
Based on GuruFocus' analysis, CROOZ stock appears to be undervalued.
The current stock price of 円450.00 is trading 22.1% below its estimated GF Value™ of 円577.30.
GuruFocus considers CROOZ to be Modestly Undervalued.
Key valuation signals for TSE:2138:
Debt-to-EBITDA: 10.16 (60% above median its 10-year median of 6.34)
GF Value™: 円577.30 vs. price of 円450.00 (22.1% below fair value)
Industry Position: 876.9% above the Software median (#1707 of 1726)
No single metric tells the full story. See the TSE:2138 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CROOZ Inc is a Japanese company engaged in providing applications for social games and e-commerce. It offers various applications including SHOPLIST.com which is a mail-order site that can purchase items of a wide range of fast fashion brands, SHOPLIST USED is a mail-order application that allows easily sell "buy" and "deposit" with a wide range of used fashion items, SHOPZONE is a fast fashion mail order site that can purchase items of a wide range of genres. It also operates blog site named CROOZblog.
49GF Score
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