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.
Hamamatsu Photonics KKTSE:6965 +0.57%93 Debt-to-EBITDA is 1.19 as of Mar. 2026, which is 441% above its 10-year median of 0.22. GuruFocus rates TSE:6965 with a GF Score™ of 93/100 and a GF Value™ of 円2,252.62 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,791 Hardware companies, Hamamatsu Photonics KK ranks better than 52.15% 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 Hamamatsu Photonics KK's Debt-to-EBITDA or its related term are showing as below:
TSE:6965'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.16 Med: 0.22 Max: 1.62
Current: 1.58
During the past 13 years, the highest Debt-to-EBITDA Ratio of Hamamatsu Photonics KK was 1.62. The lowest was 0.16. And the median was 0.22.
TSE:6965's Debt-to-EBITDA is ranked better than 52.15% of 1791
companies
in the Hardware industry
Industry Median: 1.71
vs TSE:6965: 1.58
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.
Hamamatsu Photonics KK Debt-to-EBITDA Related Terms
Hamamatsu Photonics KK Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Hamamatsu Photonics KK'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:6965 vs APH, GLW, TEL: Debt-to-EBITDA Comparison
For the Electronic Components subindustry, Hamamatsu Photonics KK'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.
Hamamatsu Photonics KK Debt-to-EBITDA vs Hardware Industry
For the Hardware industry and Technology sector, Hamamatsu Photonics KK's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Hamamatsu Photonics KK'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.
Hamamatsu Photonics KK (TSE:6965) has a Debt-to-EBITDA of 1.19 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 Hamamatsu Photonics KK. This is 441% above median its historical median of 0.22. Over the past decade, Hamamatsu Photonics KK's Debt-to-EBITDA has ranged from 0.16 to 1.62. According to the industry distribution chart, Hamamatsu Photonics KK ranks #857 out of 1791 companies in the Hardware industry, placing it in the top 47.9%.
Is Hamamatsu Photonics KK's Debt-to-EBITDA too high?
Hamamatsu Photonics KK's current Debt-to-EBITDA of 1.19 is 441% above median its 10-year median of 0.22. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.62. The Hardware industry median Debt-to-EBITDA is 1.71. Hamamatsu Photonics KK's value of 1.19 is 30.4% below this industry median. Based on the distribution chart, Hamamatsu Photonics KK ranks #857 out of 1791 companies in the Hardware industry, which is above the industry midpoint. Overall, Hamamatsu Photonics KK has a GF Score™ of 93/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hamamatsu Photonics KK's Debt-to-EBITDA compare to APH and GLW?
According to the Hardware industry distribution chart, Hamamatsu Photonics KK ranks #857 out of 1791 companies for Debt-to-EBITDA. This puts Hamamatsu Photonics KK in the upper half of its industry. The industry median Debt-to-EBITDA is 1.71. Hamamatsu Photonics KK's value of 1.19 is 30.4% below this benchmark. Historically, Hamamatsu Photonics KK's own Debt-to-EBITDA has ranged from 0.16 to 1.62 over the past decade. While the company's 10-year median is 0.22 vs. the industry median of 1.71, Hamamatsu Photonics KK 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.71, based on 1,791 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. Hamamatsu Photonics KK's current Debt-to-EBITDA of 1.19 is 30.4% 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 Hamamatsu Photonics KK. For the Hardware industry, the median Debt-to-EBITDA is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hamamatsu Photonics KK's current Debt-to-EBITDA is 1.19, which is 441% above median its own 10-year median of 0.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hamamatsu Photonics KK stock overvalued right now?
Based on GuruFocus' analysis, Hamamatsu Photonics KK (TSE:6965) is currently considered Modestly Overvalued. The stock's GF Value™ is 円2,252.62, compared to a current price of 円2,562.00 — trading 13.7% above its estimated fair value. The current Debt-to-EBITDA is 1.19, which is 441% above median its 10-year median of 0.22 and 30.4% below the Hardware industry median of 1.71. Hamamatsu Photonics KK's overall GF Score™ is 93/100 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 Hamamatsu Photonics KK (TSE:6965), the current Debt-to-EBITDA is 1.19 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 Hamamatsu Photonics KK (TSE:6965) Overvalued in 2026?
Based on GuruFocus' analysis, Hamamatsu Photonics KK stock appears to be overvalued.
The current stock price of 円2,562.00 is trading 13.7% above its estimated GF Value™ of 円2,252.62.
GuruFocus considers Hamamatsu Photonics KK to be Modestly Overvalued.
Key valuation signals for TSE:6965:
Debt-to-EBITDA: 1.19 (441% above median its 10-year median of 0.22)
GF Value™: 円2,252.62 vs. price of 円2,562.00 (13.7% above fair value)
Industry Position: 30.4% below the Hardware median (#857 of 1791)
No single metric tells the full story. See the TSE:6965 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hamamatsu Photonics KK is a Japan-based company engaged in the development, manufacture, and sale of optical and electronic devices. The company operates through four reportable segments: Electron Tube, Optical Semiconductor, Imaging and Measuring Instruments, and Laser Businesses. Its products include photomultiplier tubes, optical semiconductor components, imaging and measuring instruments, and laser-related products.
93GF Score
Get the complete analysis for TSE:6965
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:6965 has been successfully added to your 
