GIG Works (TSE:2375) Debt-to-EBITDA : 2.96 (As of Apr. 2026) — 17% Above 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.

TSE:2375 GIG Works Inc TSE:2375
66 GF Score
Price 円208.00
GF Value 円238.53
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is GIG Works Debt-to-EBITDA?

GIG Works TSE:2375 -0.95% 66 Debt-to-EBITDA is 2.96 as of Apr. 2026, which is 17% above its 10-year median of 2.52. GuruFocus rates TSE:2375 with a GF Score™ of 66/100 and a GF Value™ of 円238.53 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,738 Software companies, GIG Works ranks worse than 68.53% on this metric.

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

GIG Works's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was 円1,371 Mil. GIG Works's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was 円652 Mil. GIG Works's annualized EBITDA for the quarter that ended in Apr. 2026 was 円685 Mil. GIG Works's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2026 was 2.96.

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

TSE:2375' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.31   Med: 2.52   Max: 51.55
Current: 2.23

During the past 13 years, the highest Debt-to-EBITDA Ratio of GIG Works was 51.55. The lowest was 1.31. And the median was 2.52.

TSE:2375's Debt-to-EBITDA is ranked worse than
68.53% of 1738 companies
in the Software industry
Industry Median: 0.98 vs TSE:2375: 2.23

GIG Works  (TSE:2375) 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.


GIG Works Debt-to-EBITDA Related Terms


GIG Works Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for GIG Works'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.

GIG Works Debt-to-EBITDA Chart

GIG Works Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.79 3.54 7.46 51.55 2.30

GIG Works Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 2.86 -3.13 3.58 1.77 2.96

TSE:2375 vs IBM, ACN, FISV: Debt-to-EBITDA Comparison

For the Information Technology Services subindustry, GIG Works'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.


GIG Works Debt-to-EBITDA vs Software Industry

For the Software industry and Technology sector, GIG Works's Debt-to-EBITDA distribution charts can be found below:

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


TSE:2375
66GF Score
GIG Works Inc TSE:2375
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

GIG Works Debt-to-EBITDA Calculation

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

GIG Works's Debt-to-EBITDA for the fiscal year that ended in Oct. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1352.979 + 651.762) / 872.428
=2.30

GIG Works's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1371.464 + 651.883) / 684.66
=2.96

* 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 (Apr. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.96 mean?
GIG Works (TSE:2375) has a Debt-to-EBITDA of 2.96 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on GIG Works. This is 17% above median its historical median of 2.52. Over the past decade, GIG Works' Debt-to-EBITDA has ranged from 1.31 to 51.55. According to the industry distribution chart, GIG Works ranks #1191 out of 1738 companies in the Software industry, placing it in the top 68.5%.
Is GIG Works' Debt-to-EBITDA too high?
GIG Works' current Debt-to-EBITDA of 2.96 is 17% above median its 10-year median of 2.52. Over the past 10 years, this metric has ranged from a low of 1.31 to a high of 51.55. The Software industry median Debt-to-EBITDA is 0.98. GIG Works' value of 2.96 is 202% above this industry median. Based on the distribution chart, GIG Works ranks #1191 out of 1738 companies in the Software industry, which is below the industry midpoint. Overall, GIG Works has a GF Score™ of 66/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does GIG Works' Debt-to-EBITDA compare to IBM and ACN?
According to the Software industry distribution chart, GIG Works ranks #1191 out of 1738 companies for Debt-to-EBITDA. This places GIG Works in the lower half of its industry. The industry median Debt-to-EBITDA is 0.98. GIG Works' value of 2.96 is 202% above this benchmark. Historically, GIG Works' own Debt-to-EBITDA has ranged from 1.31 to 51.55 over the past decade. While the company's 10-year median is 2.52 vs. the industry median of 0.98, GIG Works 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 0.98, based on 1,738 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. GIG Works's current Debt-to-EBITDA of 2.96 is 202% 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 GIG Works. For the Software industry, the median Debt-to-EBITDA is 0.98 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GIG Works's current Debt-to-EBITDA is 2.96, which is 17% above median its own 10-year median of 2.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GIG Works stock overvalued right now?
Based on GuruFocus' analysis, GIG Works (TSE:2375) is currently considered Modestly Undervalued. The stock's GF Value™ is 円238.53, compared to a current price of 円208.00 — trading 12.8% below its estimated fair value. The current Debt-to-EBITDA is 2.96, which is 17% above median its 10-year median of 2.52 and 202% above the Software industry median of 0.98. GIG Works' overall GF Score™ is 66/100 with 1 warning sign 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 GIG Works (TSE:2375), the current Debt-to-EBITDA is 2.96 as of Apr. 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 GIG Works (TSE:2375) Overvalued in 2026?

Based on GuruFocus' analysis, GIG Works stock appears to be undervalued. The current stock price of 円208.00 is trading 12.8% below its estimated GF Value™ of 円238.53. GuruFocus considers GIG Works to be Modestly Undervalued.

Key valuation signals for TSE:2375:

  • Debt-to-EBITDA: 2.96 (17% above median its 10-year median of 2.52)
  • GF Value™: 円238.53 vs. price of 円208.00 (12.8% below fair value)
  • GF Score™: 66/100 with 1 warning sign
  • Industry Position: 202% above the Software median (#1191 of 1738)

No single metric tells the full story. See the TSE:2375 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


GIG Works Business Description

Address 2-11-6 Nishi-Shinbashi, Tokyo New Nishi-Shinbashi Building 3rd Floor, Minato-ku, Tokyo, JPN, 105-0003
GIG Works Inc is a Japan based company engaged in providing marketing and communication service which include sales agency and sales support service, field support service, contact service, and technology service which include engineering development consignment and staff support service.
66GF Score

Get the complete analysis for TSE:2375

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

円208.00
Price
円238.53
GF Value