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PATHTSE:3840 -1.75%49 Debt-to-EBITDA is -0.10 as of Mar. 2026. GuruFocus rates TSE:3840 with a GF Score™ of 49/100 and a GF Value™ of 円85.33 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 833 Business Services companies, PATH ranks worse than 120047.9% 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 PATH's Debt-to-EBITDA or its related term are showing as below:
TSE:3840'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -1.33 Med: -0.46 Max: 0.01
Current: -0.05
During the past 13 years, the highest Debt-to-EBITDA Ratio of PATH was 0.01. The lowest was -1.33. And the median was -0.46.
TSE:3840's Debt-to-EBITDA is ranked worse than 100% of 833
companies
in the Business Services industry
Industry Median: 1.67
vs TSE:3840: -0.05
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.
PATH Debt-to-EBITDA Related Terms
PATH Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for PATH'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:3840 vs CTAS, CPRT, GPN: Debt-to-EBITDA Comparison
For the Specialty Business Services subindustry, PATH'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.
PATH Debt-to-EBITDA vs Business Services Industry
For the Business Services industry and Industrials sector, PATH's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where PATH'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.
PATH (TSE:3840) has a Debt-to-EBITDA of -0.10 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 PATH. According to the industry distribution chart, PATH ranks #999999 out of 833 companies in the Business Services industry.
Is PATH's Debt-to-EBITDA too high?
PATH's current Debt-to-EBITDA is -0.10. Based on the distribution chart, PATH ranks #999999 out of 833 companies in the Business Services industry, which is in the bottom quartile relative to peers. Overall, PATH has a GF Score™ of 49/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does PATH's Debt-to-EBITDA compare to CTAS and CPRT?
According to the Business Services industry distribution chart, PATH ranks #999999 out of 833 companies for Debt-to-EBITDA. This places PATH in the lower half of its industry. The industry median Debt-to-EBITDA is 1.67. 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 Business Services company?
The median Debt-to-EBITDA among Business Services companies is 1.67, based on 833 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 PATH. For the Business Services industry, the median Debt-to-EBITDA is 1.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PATH's current Debt-to-EBITDA is -0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PATH stock overvalued right now?
Based on GuruFocus' analysis, PATH (TSE:3840) is currently considered Possible Value Trap. The stock's GF Value™ is 円85.33, compared to a current price of 円56.00 — trading 34.4% below its estimated fair value. The current Debt-to-EBITDA is -0.10. PATH's overall GF Score™ is 49/100 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 PATH (TSE:3840), the current Debt-to-EBITDA is -0.10 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 PATH (TSE:3840) Overvalued in 2026?
Based on GuruFocus' analysis, PATH stock appears to be undervalued.
The current stock price of 円56.00 is trading 34.4% below its estimated GF Value™ of 円85.33.
GuruFocus considers PATH to be Possible Value Trap.
Key valuation signals for TSE:3840:
Debt-to-EBITDA: -0.10
GF Value™: 円85.33 vs. price of 円56.00 (34.4% below fair value)
No single metric tells the full story. See the TSE:3840 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PATH Corp is a business service provider. The company offers consulting services which include planning and proposing new businesses using block chain technology, implementing and introducing systems, and procuring means for new business funds, and mail order related business.
49GF Score
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