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TSI Holdings CoTSE:3608 +2.92%84 Debt-to-EBITDA is 1.64 as of Feb. 2026, which is 28% below its 10-year median of 2.27. GuruFocus rates TSE:3608 with a GF Score™ of 84/100 and a GF Value™ of 円1,350.47 (Fairly Valued). The stock has 3 warning signs investors should review. Among 816 Manufacturing - Apparel & Accessories companies, TSI Holdings Co ranks worse than 61.15% 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 TSI Holdings Co's Debt-to-EBITDA or its related term are showing as below:
TSE:3608'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.06 Med: 2.27 Max: 6.74
Current: 3.58
During the past 13 years, the highest Debt-to-EBITDA Ratio of TSI Holdings Co was 6.74. The lowest was 0.06. And the median was 2.27.
TSE:3608's Debt-to-EBITDA is ranked worse than 61.15% of 816
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.695
vs TSE:3608: 3.58
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.
TSI Holdings Co Debt-to-EBITDA Related Terms
TSI Holdings Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for TSI Holdings 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.
TSE:3608 vs RL, LEVI, VFC: Debt-to-EBITDA Comparison
For the Apparel Manufacturing subindustry, TSI Holdings 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.
TSI Holdings Co Debt-to-EBITDA vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, TSI Holdings Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where TSI Holdings Co'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 (Feb. 2026) EBITDA data.
TSI Holdings Co (TSE:3608) has a Debt-to-EBITDA of 1.64 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 TSI Holdings Co. This is 28% below median its historical median of 2.27. Over the past decade, TSI Holdings Co's Debt-to-EBITDA has ranged from 0.06 to 6.74. According to the industry distribution chart, TSI Holdings Co ranks #499 out of 816 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 61.2%.
Is TSI Holdings Co's Debt-to-EBITDA too high?
TSI Holdings Co's current Debt-to-EBITDA of 1.64 is 28% below median its 10-year median of 2.27. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 6.74. The Manufacturing - Apparel & Accessories industry median Debt-to-EBITDA is 2.70. TSI Holdings Co's value of 1.64 is 39.1% below this industry median. Based on the distribution chart, TSI Holdings Co ranks #499 out of 816 companies in the Manufacturing - Apparel & Accessories industry, which is below the industry midpoint. Overall, TSI Holdings Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does TSI Holdings Co's Debt-to-EBITDA compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, TSI Holdings Co ranks #499 out of 816 companies for Debt-to-EBITDA. This places TSI Holdings Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.70. TSI Holdings Co's value of 1.64 is 39.1% below this benchmark. Historically, TSI Holdings Co's own Debt-to-EBITDA has ranged from 0.06 to 6.74 over the past decade. While the company's 10-year median is 2.27 vs. the industry median of 2.70, TSI Holdings Co 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 Manufacturing - Apparel & Accessories company?
The median Debt-to-EBITDA among Manufacturing - Apparel & Accessories companies is 2.70, based on 816 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. TSI Holdings Co's current Debt-to-EBITDA of 1.64 is 39.1% 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 TSI Holdings Co. For the Manufacturing - Apparel & Accessories industry, the median Debt-to-EBITDA is 2.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TSI Holdings Co's current Debt-to-EBITDA is 1.64, which is 28% below median its own 10-year median of 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TSI Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, TSI Holdings Co (TSE:3608) is currently considered Fairly Valued. The stock's GF Value™ is 円1,350.47, compared to a current price of 円1,267.00 — trading 6.2% below its estimated fair value. The current Debt-to-EBITDA is 1.64, which is 28% below median its 10-year median of 2.27 and 39.1% below the Manufacturing - Apparel & Accessories industry median of 2.70. TSI Holdings Co's overall GF Score™ is 84/100 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 TSI Holdings Co (TSE:3608), the current Debt-to-EBITDA is 1.64 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 TSI Holdings Co (TSE:3608) Overvalued in 2026?
Based on GuruFocus' analysis, TSI Holdings Co stock appears to be undervalued.
The current stock price of 円1,267.00 is trading 6.2% below its estimated GF Value™ of 円1,350.47.
GuruFocus considers TSI Holdings Co to be Fairly Valued.
Key valuation signals for TSE:3608:
Debt-to-EBITDA: 1.64 (28% below median its 10-year median of 2.27)
GF Value™: 円1,350.47 vs. price of 円1,267.00 (6.2% below fair value)
Industry Position: 39.1% below the Manufacturing - Apparel & Accessories median (#499 of 816)
No single metric tells the full story. See the TSE:3608 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
TSI Holdings Co Ltd is an apparel manufacturer that owns and licenses dozens of brands that it sells through department stores, other retail stores and shopping centers, and e-commerce channels. The majority of the company's sales are in Japan, with the remainder coming from China and other parts of Asia. TSI's highest-selling brands, which collectively account for more than half of the company's total revenue, include nano, Natural Beauty Basic, Margaret Howell, Pearly Gates, Rose Bud, Stussy, Proportion Body Dressing, Free's Mart, Human Woman, and Callaway Apparel.
84GF Score
Get the complete analysis for TSE:3608
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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