Kewpie (TSE:2809) Debt-to-EBITDA : 0.28 (As of May. 2026) — 68% 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.

TSE:2809 Kewpie Corp TSE:2809
81 GF Score
Price 円4,645.00
GF Value 円3,755.56
Valuation Modestly Overvalued
! 5 Warning Signs
View Full Analysis

What is Kewpie Debt-to-EBITDA?

Kewpie TSE:2809 -0.28% 81 Debt-to-EBITDA is 0.28 as of May. 2026, which is 68% below its 10-year median of 0.87. GuruFocus rates TSE:2809 with a GF Score™ of 81/100 and a GF Value™ of 円3,755.56 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,554 Consumer Packaged Goods companies, Kewpie ranks better than 80.89% on this metric.

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

Kewpie's Short-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was 円238 Mil. Kewpie's Long-Term Debt & Capital Lease Obligation for the quarter that ended in May. 2026 was 円25,000 Mil. Kewpie's annualized EBITDA for the quarter that ended in May. 2026 was 円89,308 Mil. Kewpie's annualized Debt-to-EBITDA for the quarter that ended in May. 2026 was 0.28.

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

TSE:2809' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.32   Med: 0.87   Max: 1.82
Current: 0.43

During the past 13 years, the highest Debt-to-EBITDA Ratio of Kewpie was 1.82. The lowest was 0.32. And the median was 0.87.

TSE:2809's Debt-to-EBITDA is ranked better than
80.89% of 1554 companies
in the Consumer Packaged Goods industry
Industry Median: 2.105 vs TSE:2809: 0.43

Kewpie  (TSE:2809) 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.


Kewpie Debt-to-EBITDA Related Terms


Kewpie Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Kewpie'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.

Kewpie Debt-to-EBITDA Chart

Kewpie Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.94 0.75 0.80 0.42 0.32

Kewpie 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 0.11 0.75 0.20 0.77 0.28

TSE:2809 vs KHC, GIS: Debt-to-EBITDA Comparison

For the Packaged Foods subindustry, Kewpie'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.


Kewpie Debt-to-EBITDA vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Kewpie's Debt-to-EBITDA distribution charts can be found below:

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


TSE:2809
81GF Score
Kewpie Corp TSE:2809
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Kewpie Debt-to-EBITDA Calculation

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

Kewpie's Debt-to-EBITDA for the fiscal year that ended in Nov. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(17202 + 3592) / 66081
=0.31

Kewpie's annualized Debt-to-EBITDA for the quarter that ended in May. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(238 + 25000) / 89308
=0.28

* 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 (May. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.28 mean?
Kewpie (TSE:2809) has a Debt-to-EBITDA of 0.28 as of May. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Kewpie. This is 68% below median its historical median of 0.87. Over the past decade, Kewpie's Debt-to-EBITDA has ranged from 0.32 to 1.82. According to the industry distribution chart, Kewpie ranks #297 out of 1554 companies in the Consumer Packaged Goods industry, placing it in the top 19.1%.
Is Kewpie's Debt-to-EBITDA too high?
Kewpie's current Debt-to-EBITDA of 0.28 is 68% below median its 10-year median of 0.87. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 1.82. The Consumer Packaged Goods industry median Debt-to-EBITDA is 2.11. Kewpie's value of 0.28 is 86.7% below this industry median. Based on the distribution chart, Kewpie ranks #297 out of 1554 companies in the Consumer Packaged Goods industry, which is in the top quartile — a strong position relative to peers. Overall, Kewpie has a GF Score™ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Kewpie's Debt-to-EBITDA compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Kewpie ranks #297 out of 1554 companies for Debt-to-EBITDA. This places Kewpie in the top 19% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 2.11. Kewpie's value of 0.28 is 86.7% below this benchmark. Historically, Kewpie's own Debt-to-EBITDA has ranged from 0.32 to 1.82 over the past decade. While the company's 10-year median is 0.87 vs. the industry median of 2.11, Kewpie 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 Consumer Packaged Goods company?
The median Debt-to-EBITDA among Consumer Packaged Goods companies is 2.11, based on 1,554 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. Kewpie's current Debt-to-EBITDA of 0.28 is 86.7% 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 Kewpie. For the Consumer Packaged Goods industry, the median Debt-to-EBITDA is 2.11 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Kewpie's current Debt-to-EBITDA is 0.28, which is 68% below median its own 10-year median of 0.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Kewpie stock overvalued right now?
Based on GuruFocus' analysis, Kewpie (TSE:2809) is currently considered Modestly Overvalued. The stock's GF Value™ is 円3,755.56, compared to a current price of 円4,645.00 — trading 23.7% above its estimated fair value. The current Debt-to-EBITDA is 0.28, which is 68% below median its 10-year median of 0.87 and 86.7% below the Consumer Packaged Goods industry median of 2.11. Kewpie's overall GF Score™ is 81/100 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 Kewpie (TSE:2809), the current Debt-to-EBITDA is 0.28 as of May. 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 Kewpie (TSE:2809) Overvalued in 2026?

Based on GuruFocus' analysis, Kewpie stock appears to be overvalued. The current stock price of 円4,645.00 is trading 23.7% above its estimated GF Value™ of 円3,755.56. GuruFocus considers Kewpie to be Modestly Overvalued.

Key valuation signals for TSE:2809:

  • Debt-to-EBITDA: 0.28 (68% below median its 10-year median of 0.87)
  • GF Value™: 円3,755.56 vs. price of 円4,645.00 (23.7% above fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 86.7% below the Consumer Packaged Goods median (#297 of 1554)

No single metric tells the full story. See the TSE:2809 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Kewpie Business Description

Other Exchanges QPJ:Germany
Address 1-4-13 Shibuya, Shibuya-ku, Tokyo, JPN, 150-0002
Kewpie Corp is a Japanese packaged-food company. The company operates through six segments. The Common segment handles shared operations such as food manufacturing machinery and general food products. The Fine Chemicals segment produces ingredients like hyaluronic acid and egg yolk lecithin for pharmaceuticals, cosmetics, and food applications. The For Business Use and For Commercial Use segments manufacture and sell mayonnaise, dressings, pasta sauces, egg products, and salads for household and institutional markets. The Fruit Solutions segment offers jams and processed fruit products for home and industrial use, while the Overseas segment manufactures and sells food products such as mayonnaise and dressings in markets across Asia, North America, and other regions.
81GF Score

Get the complete analysis for TSE:2809

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

円4,645.00
Price
円3,755.56
GF Value