Anap Holdings (TSE:3189) Debt-to-EBITDA : -0.38 (As of Feb. 2026)

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:3189 Anap Holdings Inc TSE:3189
28 GF Score
Price 円163.00
GF Value 円56.24
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is Anap Holdings Debt-to-EBITDA?

Anap Holdings TSE:3189 +44.25% 28 Debt-to-EBITDA is -0.38 as of Feb. 2026. GuruFocus rates TSE:3189 with a GF Score™ of 28/100 and a GF Value™ of 円56.24 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 910 Retail - Cyclical companies, Anap Holdings ranks worse than 109890% on this metric.

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

Anap Holdings's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円0 Mil. Anap Holdings's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円9,887 Mil. Anap Holdings's annualized EBITDA for the quarter that ended in Feb. 2026 was 円-26,134 Mil. Anap Holdings's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 was -0.38.

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

TSE:3189' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -4.43   Med: -1.7   Max: 16.88
Current: -0.94

During the past 13 years, the highest Debt-to-EBITDA Ratio of Anap Holdings was 16.88. The lowest was -4.43. And the median was -1.70.

TSE:3189's Debt-to-EBITDA is ranked worse than
100% of 910 companies
in the Retail - Cyclical industry
Industry Median: 2.27 vs TSE:3189: -0.94

Anap Holdings  (TSE:3189) 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.


Anap Holdings Debt-to-EBITDA Related Terms


Anap Holdings Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Anap Holdings'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.

Anap Holdings Debt-to-EBITDA Chart

Anap Holdings Annual Data
Trend Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1.60 -4.43 -1.80 -2.20 -1.99

Anap Holdings Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 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 -6.18 -0.40 -0.65 -0.38 1.55

TSE:3189 vs TJX, ROST, BURL: Debt-to-EBITDA Comparison

For the Apparel Retail subindustry, Anap Holdings'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.


Anap Holdings Debt-to-EBITDA vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Anap Holdings's Debt-to-EBITDA distribution charts can be found below:

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


TSE:3189
28GF Score
Anap Holdings Inc TSE:3189
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Anap Holdings Debt-to-EBITDA Calculation

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

Anap Holdings's Debt-to-EBITDA for the fiscal year that ended in Aug. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(5000 + 0) / -2513.208
=-1.99

Anap Holdings's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(0 + 9886.786) / -26134
=-0.38

* 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 (Feb. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -0.38 mean?
Anap Holdings (TSE:3189) has a Debt-to-EBITDA of -0.38 as of Feb. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Anap Holdings. According to the industry distribution chart, Anap Holdings ranks #999999 out of 910 companies in the Retail - Cyclical industry.
Is Anap Holdings' Debt-to-EBITDA too high?
Anap Holdings' current Debt-to-EBITDA is -0.38. Based on the distribution chart, Anap Holdings ranks #999999 out of 910 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Anap Holdings has a GF Score™ of 28/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Anap Holdings' Debt-to-EBITDA compare to TJX and ROST?
According to the Retail - Cyclical industry distribution chart, Anap Holdings ranks #999999 out of 910 companies for Debt-to-EBITDA. This places Anap Holdings in the lower half of its industry. The industry median Debt-to-EBITDA is 2.27. 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.27, based on 910 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. 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 Anap Holdings. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Anap Holdings's current Debt-to-EBITDA is -0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Anap Holdings stock overvalued right now?
Based on GuruFocus' analysis, Anap Holdings (TSE:3189) is currently considered Significantly Overvalued. The stock's GF Value™ is 円56.24, compared to a current price of 円163.00 — trading 189.8% above its estimated fair value. The current Debt-to-EBITDA is -0.38. Anap Holdings' overall GF Score™ is 28/100 with 7 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 Anap Holdings (TSE:3189), the current Debt-to-EBITDA is -0.38 as of Feb. 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 Anap Holdings (TSE:3189) Overvalued in 2026?

Based on GuruFocus' analysis, Anap Holdings stock appears to be overvalued. The current stock price of 円163.00 is trading 189.8% above its estimated GF Value™ of 円56.24. GuruFocus considers Anap Holdings to be Significantly Overvalued.

Key valuation signals for TSE:3189:

  • Debt-to-EBITDA: -0.38
  • GF Value™: 円56.24 vs. price of 円163.00 (189.8% above fair value)
  • GF Score™: 28/100 with 7 warning signs

No single metric tells the full story. See the TSE:3189 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Anap Holdings Business Description

Address 20-19 Minamiaoyama 4-chome, Minato-ku, Tokyo, JPN, 107-0062
Anap Holdings Inc operates a variety of businesses, including apparel, beauty, relaxation, and investment. The company is engaged in formulating and implementing management strategies for the entire group of companies involved in casual clothing sales, beauty salon-related businesses, investment businesses, and others.
28GF Score

Get the complete analysis for TSE:3189

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

円163.00
Price
円56.24
GF Value