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WatahanTSE:3199 -0.23%54 Debt-to-EBITDA is 3.63 as of Mar. 2026, which is 11% below its 10-year median of 4.09. GuruFocus rates TSE:3199 with a GF Score™ of 54/100 and a GF Value™ of 円1,716.26 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 910 Retail - Cyclical companies, Watahan ranks worse than 82.09% 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 Watahan's Debt-to-EBITDA or its related term are showing as below:
TSE:3199'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.87 Med: 4.09 Max: 5.79
Current: 5.79
During the past 13 years, the highest Debt-to-EBITDA Ratio of Watahan was 5.79. The lowest was 2.87. And the median was 4.09.
TSE:3199's Debt-to-EBITDA is ranked worse than 82.09% of 910
companies
in the Retail - Cyclical industry
Industry Median: 2.275
vs TSE:3199: 5.79
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.
Watahan Debt-to-EBITDA Related Terms
Watahan Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Watahan'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:3199 vs HD, LOW, FND: Debt-to-EBITDA Comparison
For the Home Improvement Retail subindustry, Watahan'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.
Watahan Debt-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Watahan's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Watahan'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.
Watahan (TSE:3199) has a Debt-to-EBITDA of 3.63 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 Watahan. This is 11% below median its historical median of 4.09. Over the past decade, Watahan's Debt-to-EBITDA has ranged from 2.87 to 5.79. According to the industry distribution chart, Watahan ranks #747 out of 910 companies in the Retail - Cyclical industry, placing it in the top 82.1%.
Is Watahan's Debt-to-EBITDA too high?
Watahan's current Debt-to-EBITDA of 3.63 is 11% below median its 10-year median of 4.09. Over the past 10 years, this metric has ranged from a low of 2.87 to a high of 5.79. The Retail - Cyclical industry median Debt-to-EBITDA is 2.28. Watahan's value of 3.63 is 59.6% above this industry median. Based on the distribution chart, Watahan ranks #747 out of 910 companies in the Retail - Cyclical industry, which is in the bottom quartile relative to peers. Overall, Watahan has a GF Score™ of 54/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Watahan's Debt-to-EBITDA compare to HD and LOW?
According to the Retail - Cyclical industry distribution chart, Watahan ranks #747 out of 910 companies for Debt-to-EBITDA. This places Watahan in the lower half of its industry. The industry median Debt-to-EBITDA is 2.28. Watahan's value of 3.63 is 59.6% above this benchmark. Historically, Watahan's own Debt-to-EBITDA has ranged from 2.87 to 5.79 over the past decade. While the company's 10-year median is 4.09 vs. the industry median of 2.28, Watahan 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.28, 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. Watahan's current Debt-to-EBITDA of 3.63 is 59.6% 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 Watahan. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Watahan's current Debt-to-EBITDA is 3.63, which is 11% below median its own 10-year median of 4.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Watahan stock overvalued right now?
Based on GuruFocus' analysis, Watahan (TSE:3199) is currently considered Modestly Undervalued. The stock's GF Value™ is 円1,716.26, compared to a current price of 円1,326.00 — trading 22.7% below its estimated fair value. The current Debt-to-EBITDA is 3.63, which is 11% below median its 10-year median of 4.09 and 59.6% above the Retail - Cyclical industry median of 2.28. Watahan's overall GF Score™ is 54/100 with 3 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 Watahan (TSE:3199), the current Debt-to-EBITDA is 3.63 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 Watahan (TSE:3199) Overvalued in 2026?
Based on GuruFocus' analysis, Watahan stock appears to be undervalued.
The current stock price of 円1,326.00 is trading 22.7% below its estimated GF Value™ of 円1,716.26.
GuruFocus considers Watahan to be Modestly Undervalued.
Key valuation signals for TSE:3199:
Debt-to-EBITDA: 3.63 (11% below median its 10-year median of 4.09)
GF Value™: 円1,716.26 vs. price of 円1,326.00 (22.7% below fair value)
Industry Position: 59.6% above the Retail - Cyclical median (#747 of 910)
No single metric tells the full story. See the TSE:3199 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Watahan & Co Ltd engages in the retail, construction, and trading businesses in Japan. The company operates home improvement supercenters. It is also involved in the construction design, operation, maintenance, and management activities; civil engineering operations; construction of landscaping and facades; sales and rental of construction materials, nursing care; operation of parking lots; and parked vehicle management activities. In addition, it provides consultancy services related to building construction, maintenance, management, and renovation activities; and manufactures and constructs steel buildings and bridge frames, as well as earthquake-resistant bridges.
54GF Score
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