Sato Foods Co (TSE:2923) Debt-to-EBITDA : 3.53 (As of Apr. 2026) — 18% Above Median

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TSE:2923 Sato Foods Co Ltd TSE:2923
68 GF Score
Price 円7,990.00
GF Value 円8,370.84
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Sato Foods Co Debt-to-EBITDA?

Sato Foods Co TSE:2923 +0.76% 68 Debt-to-EBITDA is 3.53 as of Apr. 2026, which is 18% above its 10-year median of 3.00. GuruFocus rates TSE:2923 with a GF Score™ of 68/100 and a GF Value™ of 円8,370.84 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,560 Consumer Packaged Goods companies, Sato Foods Co ranks worse than 60.06% on this metric.

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

Sato Foods Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was 円5,997 Mil. Sato Foods Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was 円14,443 Mil. Sato Foods Co's annualized EBITDA for the quarter that ended in Apr. 2026 was 円5,789 Mil. Sato Foods Co's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2026 was 3.53.

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 Sato Foods Co's Debt-to-EBITDA or its related term are showing as below:

TSE:2923' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.34   Med: 3   Max: 3.85
Current: 2.86

During the past 13 years, the highest Debt-to-EBITDA Ratio of Sato Foods Co was 3.85. The lowest was 2.34. And the median was 3.00.

TSE:2923's Debt-to-EBITDA is ranked worse than
60.06% of 1560 companies
in the Consumer Packaged Goods industry
Industry Median: 2.12 vs TSE:2923: 2.86

Sato Foods Co  (TSE:2923) 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.


Sato Foods Co Debt-to-EBITDA Related Terms


Sato Foods Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Sato Foods Co'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.

Sato Foods Co Debt-to-EBITDA Chart

Sato Foods Co Annual Data
Trend Apr17 Apr18 Apr19 Apr20 Apr21 Apr22 Apr23 Apr24 Apr25 Apr26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.44 2.90 2.89 3.09 2.86

Sato Foods Co 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 2.49 3.87 2.70 2.58 3.53

TSE:2923 vs KHC, GIS: Debt-to-EBITDA Comparison

For the Packaged Foods subindustry, Sato Foods Co'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.


Sato Foods Co Debt-to-EBITDA vs Consumer Packaged Goods Industry

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

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


TSE:2923
68GF Score
Sato Foods Co Ltd TSE:2923
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sato Foods Co Debt-to-EBITDA Calculation

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

Sato Foods Co's Debt-to-EBITDA for the fiscal year 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
=(5996.955 + 14442.626) / 7154.798
=2.86

Sato Foods Co'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
=(5996.955 + 14442.626) / 5788.896
=3.53

* 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 3.53 mean?
Sato Foods Co (TSE:2923) has a Debt-to-EBITDA of 3.53 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 Sato Foods Co. This is 18% above median its historical median of 3.00. Over the past decade, Sato Foods Co's Debt-to-EBITDA has ranged from 2.34 to 3.85. According to the industry distribution chart, Sato Foods Co ranks #937 out of 1560 companies in the Consumer Packaged Goods industry, placing it in the top 60.1%.
Is Sato Foods Co's Debt-to-EBITDA too high?
Sato Foods Co's current Debt-to-EBITDA of 3.53 is 18% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 3.85. The Consumer Packaged Goods industry median Debt-to-EBITDA is 2.12. Sato Foods Co's value of 3.53 is 66.5% above this industry median. Based on the distribution chart, Sato Foods Co ranks #937 out of 1560 companies in the Consumer Packaged Goods industry, which is below the industry midpoint. Overall, Sato Foods Co has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Sato Foods Co's Debt-to-EBITDA compare to KHC and GIS?
According to the Consumer Packaged Goods industry distribution chart, Sato Foods Co ranks #937 out of 1560 companies for Debt-to-EBITDA. This places Sato Foods Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.12. Sato Foods Co's value of 3.53 is 66.5% above this benchmark. Historically, Sato Foods Co's own Debt-to-EBITDA has ranged from 2.34 to 3.85 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 2.12, Sato Foods Co 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 Consumer Packaged Goods company?
The median Debt-to-EBITDA among Consumer Packaged Goods companies is 2.12, based on 1,560 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. Sato Foods Co's current Debt-to-EBITDA of 3.53 is 66.5% 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 Sato Foods Co. For the Consumer Packaged Goods industry, the median Debt-to-EBITDA is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sato Foods Co's current Debt-to-EBITDA is 3.53, which is 18% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sato Foods Co stock overvalued right now?
Based on GuruFocus' analysis, Sato Foods Co (TSE:2923) is currently considered Fairly Valued. The stock's GF Value™ is 円8,370.84, compared to a current price of 円7,990.00 — trading 4.5% below its estimated fair value. The current Debt-to-EBITDA is 3.53, which is 18% above median its 10-year median of 3.00 and 66.5% above the Consumer Packaged Goods industry median of 2.12. Sato Foods Co's overall GF Score™ is 68/100 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 Sato Foods Co (TSE:2923), the current Debt-to-EBITDA is 3.53 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 Sato Foods Co (TSE:2923) Overvalued in 2026?

Based on GuruFocus' analysis, Sato Foods Co stock appears to be undervalued. The current stock price of 円7,990.00 is trading 4.5% below its estimated GF Value™ of 円8,370.84. GuruFocus considers Sato Foods Co to be Fairly Valued.

Key valuation signals for TSE:2923:

  • Debt-to-EBITDA: 3.53 (18% above median its 10-year median of 3.00)
  • GF Value™: 円8,370.84 vs. price of 円7,990.00 (4.5% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 66.5% above the Consumer Packaged Goods median (#937 of 1560)

No single metric tells the full story. See the TSE:2923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sato Foods Co Business Description

Address 13-5 Takaramachi, Niigatahigashi-ku, Niigata Prefecture, Niigata, JPN, 950-8730
Sato Foods Co Ltd is engaged in the production and sales of packed mochi and packed cooked rice in Japan. Its packaged rice cakes include Sato sliced rice-cake crisp and slit, Round rice-cake single pack and Sato Kagami Mochi. Its packed rice products include Sato rice, low-protein rice and others.
68GF Score

Get the complete analysis for TSE:2923

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

円7,990.00
Price
円8,370.84
GF Value