TOKYO PRINTING INK MFG Co (TSE:4635) Debt-to-EBITDA : 1.36 (As of Mar. 2026) — 49% 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:4635 TOKYO PRINTING INK MFG Co Ltd TSE:4635
66 GF Score
Price 円1,370.00
GF Value 円791.53
Valuation Significantly Overvalued
! 1 Warning Sign
View Full Analysis

What is TOKYO PRINTING INK MFG Co Debt-to-EBITDA?

TOKYO PRINTING INK MFG Co TSE:4635 +0.22% 66 Debt-to-EBITDA is 1.36 as of Mar. 2026, which is 49% below its 10-year median of 2.66. GuruFocus rates TSE:4635 with a GF Score™ of 66/100 and a GF Value™ of 円791.53 (Significantly Overvalued). The stock has 1 warning sign investors should review. Among 1,232 Chemicals companies, TOKYO PRINTING INK MFG Co ranks better than 61.04% on this metric.

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

TOKYO PRINTING INK MFG Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円2,916 Mil. TOKYO PRINTING INK MFG Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円3,299 Mil. TOKYO PRINTING INK MFG Co's annualized EBITDA for the quarter that ended in Mar. 2026 was 円4,584 Mil. TOKYO PRINTING INK MFG Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 1.36.

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 TOKYO PRINTING INK MFG Co's Debt-to-EBITDA or its related term are showing as below:

TSE:4635' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.46   Med: 2.66   Max: 3.92
Current: 1.46

During the past 13 years, the highest Debt-to-EBITDA Ratio of TOKYO PRINTING INK MFG Co was 3.92. The lowest was 1.46. And the median was 2.66.

TSE:4635's Debt-to-EBITDA is ranked better than
61.04% of 1232 companies
in the Chemicals industry
Industry Median: 2.16 vs TSE:4635: 1.46

TOKYO PRINTING INK MFG Co  (TSE:4635) 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.


TOKYO PRINTING INK MFG Co Debt-to-EBITDA Related Terms


TOKYO PRINTING INK MFG Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for TOKYO PRINTING INK MFG 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.

TOKYO PRINTING INK MFG Co Debt-to-EBITDA Chart

TOKYO PRINTING INK MFG 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 3.73 1.76 3.02 2.23 1.46

TOKYO PRINTING INK MFG Co Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 2.96 3.30 1.78 1.79 1.36

TSE:4635 vs LIN, SHW, ECL: Debt-to-EBITDA Comparison

For the Specialty Chemicals subindustry, TOKYO PRINTING INK MFG 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.


TOKYO PRINTING INK MFG Co Debt-to-EBITDA vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, TOKYO PRINTING INK MFG Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where TOKYO PRINTING INK MFG Co's Debt-to-EBITDA falls into.


TSE:4635
66GF Score
TOKYO PRINTING INK MFG Co Ltd TSE:4635
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOKYO PRINTING INK MFG Co Debt-to-EBITDA Calculation

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

TOKYO PRINTING INK MFG 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
=(2916 + 3299) / 4265
=1.46

TOKYO PRINTING INK MFG 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
=(2916 + 3299) / 4584
=1.36

* 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 two times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.36 mean?
TOKYO PRINTING INK MFG Co (TSE:4635) has a Debt-to-EBITDA of 1.36 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 TOKYO PRINTING INK MFG Co. This is 49% below median its historical median of 2.66. Over the past decade, TOKYO PRINTING INK MFG Co's Debt-to-EBITDA has ranged from 1.46 to 3.92. According to the industry distribution chart, TOKYO PRINTING INK MFG Co ranks #480 out of 1232 companies in the Chemicals industry, placing it in the top 39%.
Is TOKYO PRINTING INK MFG Co's Debt-to-EBITDA too high?
TOKYO PRINTING INK MFG Co's current Debt-to-EBITDA of 1.36 is 49% below median its 10-year median of 2.66. Over the past 10 years, this metric has ranged from a low of 1.46 to a high of 3.92. The Chemicals industry median Debt-to-EBITDA is 2.16. TOKYO PRINTING INK MFG Co's value of 1.36 is 37% below this industry median. Based on the distribution chart, TOKYO PRINTING INK MFG Co ranks #480 out of 1232 companies in the Chemicals industry, which is above the industry midpoint. Overall, TOKYO PRINTING INK MFG Co has a GF Score™ of 66/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOKYO PRINTING INK MFG Co's Debt-to-EBITDA compare to LIN and SHW?
According to the Chemicals industry distribution chart, TOKYO PRINTING INK MFG Co ranks #480 out of 1232 companies for Debt-to-EBITDA. This puts TOKYO PRINTING INK MFG Co in the upper half of its industry. The industry median Debt-to-EBITDA is 2.16. TOKYO PRINTING INK MFG Co's value of 1.36 is 37% below this benchmark. Historically, TOKYO PRINTING INK MFG Co's own Debt-to-EBITDA has ranged from 1.46 to 3.92 over the past decade. While the company's 10-year median is 2.66 vs. the industry median of 2.16, TOKYO PRINTING INK MFG 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 2.16, based on 1,232 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. TOKYO PRINTING INK MFG Co's current Debt-to-EBITDA of 1.36 is 37% 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 TOKYO PRINTING INK MFG Co. For the Chemicals industry, the median Debt-to-EBITDA is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOKYO PRINTING INK MFG Co's current Debt-to-EBITDA is 1.36, which is 49% below median its own 10-year median of 2.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOKYO PRINTING INK MFG Co stock overvalued right now?
Based on GuruFocus' analysis, TOKYO PRINTING INK MFG Co (TSE:4635) is currently considered Significantly Overvalued. The stock's GF Value™ is 円791.53, compared to a current price of 円1,370.00 — trading 73.1% above its estimated fair value. The current Debt-to-EBITDA is 1.36, which is 49% below median its 10-year median of 2.66 and 37% below the Chemicals industry median of 2.16. TOKYO PRINTING INK MFG Co's overall GF Score™ is 66/100 with 1 warning sign 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 TOKYO PRINTING INK MFG Co (TSE:4635), the current Debt-to-EBITDA is 1.36 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 TOKYO PRINTING INK MFG Co (TSE:4635) Overvalued in 2026?

Based on GuruFocus' analysis, TOKYO PRINTING INK MFG Co stock appears to be overvalued. The current stock price of 円1,370.00 is trading 73.1% above its estimated GF Value™ of 円791.53. GuruFocus considers TOKYO PRINTING INK MFG Co to be Significantly Overvalued.

Key valuation signals for TSE:4635:

  • Debt-to-EBITDA: 1.36 (49% below median its 10-year median of 2.66)
  • GF Value™: 円791.53 vs. price of 円1,370.00 (73.1% above fair value)
  • GF Score™: 66/100 with 1 warning sign
  • Industry Position: 37% below the Chemicals median (#480 of 1232)

No single metric tells the full story. See the TSE:4635 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOKYO PRINTING INK MFG Co Business Description

Address 1-12-4 Oji, Kita-ku, Tokyo, JPN
TOKYO PRINTING INK MFG Co Ltd is the speciality chemicals manufacturing company. The core business segments of the company comprise of the followings - Ink business, Chemical Products, and Processed Products business. Ink business offers offset printing, gravure ink, inkjet ink, high performance, and high-quality printer ink. Chemical Products includes colorant for plastics, functional additives for plastics, and other functional products. The Processed Products business supply packaging materials, civil engineering materials and agricultural materials for various industrial applications.
66GF Score

Get the complete analysis for TSE:4635

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

円1,370.00
Price
円791.53
GF Value