Nippon Pigment Holdings Co (TSE:4119) Debt-to-EBITDA : 1.09 (As of Mar. 2026) — 66% Below Median

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:4119 Nippon Pigment Holdings Co Ltd TSE:4119
63 GF Score
Price 円5,920.00
GF Value 円4,603.58
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Nippon Pigment Holdings Co Debt-to-EBITDA?

Nippon Pigment Holdings Co TSE:4119 +0.51% 63 Debt-to-EBITDA is 1.09 as of Mar. 2026, which is 66% below its 10-year median of 3.21. GuruFocus rates TSE:4119 with a GF Score™ of 63/100 and a GF Value™ of 円4,603.58 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,248 Chemicals companies, Nippon Pigment Holdings Co ranks better than 54.81% on this metric.

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

Nippon Pigment Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円2,442 Mil. Nippon Pigment Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円2,686 Mil. Nippon Pigment Holdings Co's annualized EBITDA for the quarter that ended in Mar. 2026 was 円4,695 Mil. Nippon Pigment Holdings Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 1.09.

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

TSE:4119' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.09   Med: 3.21   Max: 14.72
Current: 1.73

During the past 13 years, the highest Debt-to-EBITDA Ratio of Nippon Pigment Holdings Co was 14.72. The lowest was 1.09. And the median was 3.21.

TSE:4119's Debt-to-EBITDA is ranked better than
54.81% of 1248 companies
in the Chemicals industry
Industry Median: 1.995 vs TSE:4119: 1.73

Nippon Pigment Holdings Co  (TSE:4119) 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.


Nippon Pigment Holdings Co Debt-to-EBITDA Related Terms


Nippon Pigment Holdings Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Nippon Pigment 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.

Nippon Pigment Holdings Co Debt-to-EBITDA Chart

Nippon Pigment Holdings Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.20 14.72 1.88 1.09 2.16

Nippon Pigment Holdings Co Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Sep24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 10.93 2.18 4.19 1.09 2.21

TSE:4119 vs LIN, SHW, ECL: Debt-to-EBITDA Comparison

For the Specialty Chemicals subindustry, Nippon Pigment 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.


Nippon Pigment Holdings Co Debt-to-EBITDA vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Nippon Pigment Holdings Co's Debt-to-EBITDA distribution charts can be found below:

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


TSE:4119
63GF Score
Nippon Pigment Holdings Co Ltd TSE:4119
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Nippon Pigment Holdings Co Debt-to-EBITDA Calculation

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

Nippon Pigment Holdings Co's Debt-to-EBITDA for the fiscal year that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2442.059 + 2685.566) / 2379.652
=2.15

Nippon Pigment Holdings Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2442.059 + 2685.566) / 4694.528
=1.09

* 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.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.09 mean?
Nippon Pigment Holdings Co (TSE:4119) has a Debt-to-EBITDA of 1.09 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 Nippon Pigment Holdings Co. This is 66% below median its historical median of 3.21. Over the past decade, Nippon Pigment Holdings Co's Debt-to-EBITDA has ranged from 1.09 to 14.72. According to the industry distribution chart, Nippon Pigment Holdings Co ranks #564 out of 1248 companies in the Chemicals industry, placing it in the top 45.2%.
Is Nippon Pigment Holdings Co's Debt-to-EBITDA too high?
Nippon Pigment Holdings Co's current Debt-to-EBITDA of 1.09 is 66% below median its 10-year median of 3.21. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 14.72. The Chemicals industry median Debt-to-EBITDA is 2.00. Nippon Pigment Holdings Co's value of 1.09 is 45.4% below this industry median. Based on the distribution chart, Nippon Pigment Holdings Co ranks #564 out of 1248 companies in the Chemicals industry, which is above the industry midpoint. Overall, Nippon Pigment Holdings Co has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Nippon Pigment Holdings Co's Debt-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, Nippon Pigment Holdings Co ranks #564 out of 1248 companies for Debt-to-EBITDA. This puts Nippon Pigment Holdings Co in the upper half of its industry. The industry median Debt-to-EBITDA is 2.00. Nippon Pigment Holdings Co's value of 1.09 is 45.4% below this benchmark. Historically, Nippon Pigment Holdings Co's own Debt-to-EBITDA has ranged from 1.09 to 14.72 over the past decade. While the company's 10-year median is 3.21 vs. the industry median of 2.00, Nippon Pigment 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 Chemicals company?
The median Debt-to-EBITDA among Chemicals companies is 2.00, based on 1,248 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. Nippon Pigment Holdings Co's current Debt-to-EBITDA of 1.09 is 45.4% 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 Nippon Pigment Holdings Co. For the Chemicals industry, the median Debt-to-EBITDA is 2.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Nippon Pigment Holdings Co's current Debt-to-EBITDA is 1.09, which is 66% below median its own 10-year median of 3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Nippon Pigment Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Nippon Pigment Holdings Co (TSE:4119) is currently considered Modestly Overvalued. The stock's GF Value™ is 円4,603.58, compared to a current price of 円5,920.00 — trading 28.6% above its estimated fair value. The current Debt-to-EBITDA is 1.09, which is 66% below median its 10-year median of 3.21 and 45.4% below the Chemicals industry median of 2.00. Nippon Pigment Holdings Co's overall GF Score™ is 63/100 with 6 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 Nippon Pigment Holdings Co (TSE:4119), the current Debt-to-EBITDA is 1.09 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 Nippon Pigment Holdings Co (TSE:4119) Overvalued in 2026?

Based on GuruFocus' analysis, Nippon Pigment Holdings Co stock appears to be overvalued. The current stock price of 円5,920.00 is trading 28.6% above its estimated GF Value™ of 円4,603.58. GuruFocus considers Nippon Pigment Holdings Co to be Modestly Overvalued.

Key valuation signals for TSE:4119:

  • Debt-to-EBITDA: 1.09 (66% below median its 10-year median of 3.21)
  • GF Value™: 円4,603.58 vs. price of 円5,920.00 (28.6% above fair value)
  • GF Score™: 63/100 with 6 warning signs
  • Industry Position: 45.4% below the Chemicals median (#564 of 1248)

No single metric tells the full story. See the TSE:4119 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Nippon Pigment Holdings Co Business Description

Address 20 Kanda Nishikicho 3-chome, Chiyoda-ku, Tokyo, JPN, 101-0054
Nippon Pigment Holdings Co Ltd is engaged in business activities mainly involving the manufacture and sale of resin compounds and various colorants for resins (for plastics), paints, fibers, etc.
63GF Score

Get the complete analysis for TSE:4119

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

円5,920.00
Price
円4,603.58
GF Value