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.
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.
SHANONTSE:3976 -1.51%63 Debt-to-EBITDA is 0.37 as of Oct. 2025, which is 87% below its 10-year median of 2.82. GuruFocus rates TSE:3976 with a GF Score™ of 63/100 and a GF Value™ of 円182.90 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,731 Software companies, SHANON ranks better than 68.34% 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 SHANON's Debt-to-EBITDA or its related term are showing as below:
TSE:3976'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -5.99 Med: 2.82 Max: 11.83
Current: 0.39
During the past 11 years, the highest Debt-to-EBITDA Ratio of SHANON was 11.83. The lowest was -5.99. And the median was 2.82.
TSE:3976's Debt-to-EBITDA is ranked better than 68.34% of 1731
companies
in the Software industry
Industry Median: 0.99
vs TSE:3976: 0.39
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.
SHANON Debt-to-EBITDA Related Terms
SHANON Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for SHANON'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:3976 vs QH, SHOP, UBER: Debt-to-EBITDA Comparison
For the Software - Application subindustry, SHANON'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.
SHANON Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, SHANON's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where SHANON'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 (Oct. 2025) EBITDA data.
SHANON (TSE:3976) has a Debt-to-EBITDA of 0.37 as of Oct. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on SHANON. This is 87% below median its historical median of 2.82. According to the industry distribution chart, SHANON ranks #548 out of 1731 companies in the Software industry, placing it in the top 31.7%.
Is SHANON's Debt-to-EBITDA too high?
SHANON's current Debt-to-EBITDA of 0.37 is 87% below median its 10-year median of 2.82. The Software industry median Debt-to-EBITDA is 0.99. SHANON's value of 0.37 is 62.6% below this industry median. Based on the distribution chart, SHANON ranks #548 out of 1731 companies in the Software industry, which is above the industry midpoint. Overall, SHANON has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does SHANON's Debt-to-EBITDA compare to QH and SHOP?
According to the Software industry distribution chart, SHANON ranks #548 out of 1731 companies for Debt-to-EBITDA. This puts SHANON in the upper half of its industry. The industry median Debt-to-EBITDA is 0.99. SHANON's value of 0.37 is 62.6% below this benchmark. While the company's 10-year median is 2.82 vs. the industry median of 0.99, SHANON 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 Software company?
The median Debt-to-EBITDA among Software companies is 0.99, based on 1,731 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. SHANON's current Debt-to-EBITDA of 0.37 is 62.6% 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 SHANON. For the Software industry, the median Debt-to-EBITDA is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SHANON's current Debt-to-EBITDA is 0.37, which is 87% below median its own 10-year median of 2.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is SHANON stock overvalued right now?
Based on GuruFocus' analysis, SHANON (TSE:3976) is currently considered Significantly Overvalued. The stock's GF Value™ is 円182.90, compared to a current price of 円717.00 — trading 292% above its estimated fair value. The current Debt-to-EBITDA is 0.37, which is 87% below median its 10-year median of 2.82 and 62.6% below the Software industry median of 0.99. SHANON's overall GF Score™ is 63/100 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 SHANON (TSE:3976), the current Debt-to-EBITDA is 0.37 as of Oct. 2025. 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 SHANON (TSE:3976) Overvalued in 2026?
Based on GuruFocus' analysis, SHANON stock appears to be overvalued.
The current stock price of 円717.00 is trading 292% above its estimated GF Value™ of 円182.90.
GuruFocus considers SHANON to be Significantly Overvalued.
Key valuation signals for TSE:3976:
Debt-to-EBITDA: 0.37 (87% below median its 10-year median of 2.82)
GF Value™: 円182.90 vs. price of 円717.00 (292% above fair value)
Industry Position: 62.6% below the Software median (#548 of 1731)
No single metric tells the full story. See the TSE:3976 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
SHANON Inc provides marketing platform and cloud application. It is engaged in the planning, development, and sale of cloud marketing solutions. It is also engaged in the provision of consulting and outsourcing services related to marketing.
63GF Score
Get the complete analysis for TSE:3976
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:3976 has been successfully added to your 
