Shindengen Electric Manufacturing Co (TSE:6844) Debt-to-EBITDA : 1.94 (As of Mar. 2026) — 42% 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:6844 Shindengen Electric Manufacturing Co Ltd TSE:6844
76 GF Score
Price 円3,095.00
GF Value 円3,400.49
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Shindengen Electric Manufacturing Co Debt-to-EBITDA?

Shindengen Electric Manufacturing Co TSE:6844 +2.15% 76 Debt-to-EBITDA is 1.94 as of Mar. 2026, which is 42% below its 10-year median of 3.32. GuruFocus rates TSE:6844 with a GF Score™ of 76/100 and a GF Value™ of 円3,400.49 (Fairly Valued). The stock has 4 warning signs investors should review. Among 1,803 Hardware companies, Shindengen Electric Manufacturing Co ranks worse than 74.6% on this metric.

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

Shindengen Electric Manufacturing Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円12,540 Mil. Shindengen Electric Manufacturing Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円31,815 Mil. Shindengen Electric Manufacturing Co's annualized EBITDA for the quarter that ended in Mar. 2026 was 円22,868 Mil. Shindengen Electric Manufacturing Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 1.94.

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 Shindengen Electric Manufacturing Co's Debt-to-EBITDA or its related term are showing as below:

TSE:6844' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -308.43   Med: 3.32   Max: 10.09
Current: 4.04

During the past 13 years, the highest Debt-to-EBITDA Ratio of Shindengen Electric Manufacturing Co was 10.09. The lowest was -308.43. And the median was 3.32.

TSE:6844's Debt-to-EBITDA is ranked worse than
74.6% of 1803 companies
in the Hardware industry
Industry Median: 1.63 vs TSE:6844: 4.04

Shindengen Electric Manufacturing Co  (TSE:6844) 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.


Shindengen Electric Manufacturing Co Debt-to-EBITDA Related Terms


Shindengen Electric Manufacturing Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Shindengen Electric Manufacturing 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.

Shindengen Electric Manufacturing Co Debt-to-EBITDA Chart

Shindengen Electric Manufacturing 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 3.16 3.74 5.31 10.09 3.45

Shindengen Electric Manufacturing Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 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 4.99 3.41 7.97 1.94 9.16

TSE:6844 vs APH, GLW, TEL: Debt-to-EBITDA Comparison

For the Electronic Components subindustry, Shindengen Electric Manufacturing 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.


Shindengen Electric Manufacturing Co Debt-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, Shindengen Electric Manufacturing Co's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Shindengen Electric Manufacturing Co's Debt-to-EBITDA falls into.


TSE:6844
76GF Score
Shindengen Electric Manufacturing Co Ltd TSE:6844
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shindengen Electric Manufacturing Co Debt-to-EBITDA Calculation

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

Shindengen Electric Manufacturing 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
=(12540 + 31815) / 12859
=3.45

Shindengen Electric Manufacturing 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
=(12540 + 31815) / 22868
=1.94

* 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 1.94 mean?
Shindengen Electric Manufacturing Co (TSE:6844) has a Debt-to-EBITDA of 1.94 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 Shindengen Electric Manufacturing Co. This is 42% below median its historical median of 3.32. According to the industry distribution chart, Shindengen Electric Manufacturing Co ranks #1345 out of 1803 companies in the Hardware industry, placing it in the top 74.6%.
Is Shindengen Electric Manufacturing Co's Debt-to-EBITDA too high?
Shindengen Electric Manufacturing Co's current Debt-to-EBITDA of 1.94 is 42% below median its 10-year median of 3.32. The Hardware industry median Debt-to-EBITDA is 1.63. Shindengen Electric Manufacturing Co's value of 1.94 is 19% above this industry median. Based on the distribution chart, Shindengen Electric Manufacturing Co ranks #1345 out of 1803 companies in the Hardware industry, which is below the industry midpoint. Overall, Shindengen Electric Manufacturing Co has a GF Score™ of 76/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Shindengen Electric Manufacturing Co's Debt-to-EBITDA compare to APH and GLW?
According to the Hardware industry distribution chart, Shindengen Electric Manufacturing Co ranks #1345 out of 1803 companies for Debt-to-EBITDA. This places Shindengen Electric Manufacturing Co in the lower half of its industry. The industry median Debt-to-EBITDA is 1.63. Shindengen Electric Manufacturing Co's value of 1.94 is 19% above this benchmark. While the company's 10-year median is 3.32 vs. the industry median of 1.63, Shindengen Electric Manufacturing Co has consistently been above 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.63, based on 1,803 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. Shindengen Electric Manufacturing Co's current Debt-to-EBITDA of 1.94 is 19% above 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 Shindengen Electric Manufacturing Co. For the Hardware industry, the median Debt-to-EBITDA is 1.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Shindengen Electric Manufacturing Co's current Debt-to-EBITDA is 1.94, which is 42% below median its own 10-year median of 3.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shindengen Electric Manufacturing Co stock overvalued right now?
Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co (TSE:6844) is currently considered Fairly Valued. The stock's GF Value™ is 円3,400.49, compared to a current price of 円3,095.00 — trading 9% below its estimated fair value. The current Debt-to-EBITDA is 1.94, which is 42% below median its 10-year median of 3.32 and 19% above the Hardware industry median of 1.63. Shindengen Electric Manufacturing Co's overall GF Score™ is 76/100 with 4 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 Shindengen Electric Manufacturing Co (TSE:6844), the current Debt-to-EBITDA is 1.94 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 Shindengen Electric Manufacturing Co (TSE:6844) Overvalued in 2026?

Based on GuruFocus' analysis, Shindengen Electric Manufacturing Co stock appears to be undervalued. The current stock price of 円3,095.00 is trading 9% below its estimated GF Value™ of 円3,400.49. GuruFocus considers Shindengen Electric Manufacturing Co to be Fairly Valued.

Key valuation signals for TSE:6844:

  • Debt-to-EBITDA: 1.94 (42% below median its 10-year median of 3.32)
  • GF Value™: 円3,400.49 vs. price of 円3,095.00 (9% below fair value)
  • GF Score™: 76/100 with 4 warning signs
  • Industry Position: 19% above the Hardware median (#1345 of 1803)

No single metric tells the full story. See the TSE:6844 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Shindengen Electric Manufacturing Co Business Description

Address New-Ohtemachi Building, 2-1, Ohtemachi 2-chome, Chiyoda-ku, Tokyo, JPN, 100-0004
Shindengen Electric Manufacturing Co Ltd is an electronics manufacturer that develops, manufactures and sells high-efficiency, low-noise semiconductors as well as car electronics and power system products. The company's business is organized into three reportable segments: Device business, Car Electronics business and Next Generation Energy business. It earns majority of the revenue from Car Electronics business. Shindengen has its operations in Japan, Indonesia, Asia, and other areas.
76GF Score

Get the complete analysis for TSE:6844

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

円3,095.00
Price
円3,400.49
GF Value