Laox Holdings Co (TSE:8202) Debt-to-EBITDA : 3.19 (As of Jun. 2026) — 201% Above 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:8202 Laox Holdings Co Ltd TSE:8202
53 GF Score
Price 円148.00
GF Value 円172.19
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is Laox Holdings Co Debt-to-EBITDA?

Laox Holdings Co TSE:8202 +0.68% 53 Debt-to-EBITDA is 3.19 as of Jun. 2026, which is 201% above its 10-year median of 1.06. GuruFocus rates TSE:8202 with a GF Score™ of 53/100 and a GF Value™ of 円172.19 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 910 Retail - Cyclical companies, Laox Holdings Co ranks worse than 53.19% on this metric.

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

Laox Holdings Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was 円2,550 Mil. Laox Holdings Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was 円460 Mil. Laox Holdings Co's annualized EBITDA for the quarter that ended in Jun. 2026 was 円944 Mil. Laox Holdings Co's annualized Debt-to-EBITDA for the quarter that ended in Jun. 2026 was 3.19.

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

TSE:8202' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -8.88   Med: 1.06   Max: 7.53
Current: 2.45

During the past 13 years, the highest Debt-to-EBITDA Ratio of Laox Holdings Co was 7.53. The lowest was -8.88. And the median was 1.06.

TSE:8202's Debt-to-EBITDA is ranked worse than
53.19% of 910 companies
in the Retail - Cyclical industry
Industry Median: 2.28 vs TSE:8202: 2.45

Laox Holdings Co  (TSE:8202) 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.


Laox Holdings Co Debt-to-EBITDA Related Terms


Laox Holdings Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Laox 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.

Laox Holdings Co Debt-to-EBITDA Chart

Laox Holdings Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.34 1.18 0.94 1.95 3.77

Laox Holdings Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 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 2.86 -1.48 0.33 -0.96 3.19

TSE:8202 vs CASY, WSM, ULTA: Debt-to-EBITDA Comparison

For the Specialty Retail subindustry, Laox 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.


Laox Holdings Co Debt-to-EBITDA vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Laox Holdings Co's Debt-to-EBITDA distribution charts can be found below:

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


TSE:8202
53GF Score
Laox Holdings Co Ltd TSE:8202
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Laox Holdings Co Debt-to-EBITDA Calculation

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

Laox Holdings Co's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2550 + 439) / 793
=3.77

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2550 + 460) / 944
=3.19

* 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 (Jun. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 3.19 mean?
Laox Holdings Co (TSE:8202) has a Debt-to-EBITDA of 3.19 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Laox Holdings Co. This is 201% above median its historical median of 1.06. According to the industry distribution chart, Laox Holdings Co ranks #484 out of 910 companies in the Retail - Cyclical industry, placing it in the top 53.2%.
Is Laox Holdings Co's Debt-to-EBITDA too high?
Laox Holdings Co's current Debt-to-EBITDA of 3.19 is 201% above median its 10-year median of 1.06. The Retail - Cyclical industry median Debt-to-EBITDA is 2.28. Laox Holdings Co's value of 3.19 is 39.9% above this industry median. Based on the distribution chart, Laox Holdings Co ranks #484 out of 910 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Laox Holdings Co has a GF Score™ of 53/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Laox Holdings Co's Debt-to-EBITDA compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Laox Holdings Co ranks #484 out of 910 companies for Debt-to-EBITDA. This places Laox Holdings Co in the lower half of its industry. The industry median Debt-to-EBITDA is 2.28. Laox Holdings Co's value of 3.19 is 39.9% above this benchmark. While the company's 10-year median is 1.06 vs. the industry median of 2.28, Laox Holdings 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.28, based on 910 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. Laox Holdings Co's current Debt-to-EBITDA of 3.19 is 39.9% 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 Laox Holdings Co. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Laox Holdings Co's current Debt-to-EBITDA is 3.19, which is 201% above median its own 10-year median of 1.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Laox Holdings Co stock overvalued right now?
Based on GuruFocus' analysis, Laox Holdings Co (TSE:8202) is currently considered Modestly Undervalued. The stock's GF Value™ is 円172.19, compared to a current price of 円148.00 — trading 14% below its estimated fair value. The current Debt-to-EBITDA is 3.19, which is 201% above median its 10-year median of 1.06 and 39.9% above the Retail - Cyclical industry median of 2.28. Laox Holdings Co's overall GF Score™ is 53/100 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 Laox Holdings Co (TSE:8202), the current Debt-to-EBITDA is 3.19 as of Jun. 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 Laox Holdings Co (TSE:8202) Overvalued in 2026?

Based on GuruFocus' analysis, Laox Holdings Co stock appears to be undervalued. The current stock price of 円148.00 is trading 14% below its estimated GF Value™ of 円172.19. GuruFocus considers Laox Holdings Co to be Modestly Undervalued.

Key valuation signals for TSE:8202:

  • Debt-to-EBITDA: 3.19 (201% above median its 10-year median of 1.06)
  • GF Value™: 円172.19 vs. price of 円148.00 (14% below fair value)
  • GF Score™: 53/100 with 5 warning signs
  • Industry Position: 39.9% above the Retail - Cyclical median (#484 of 910)

No single metric tells the full story. See the TSE:8202 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Laox Holdings Co Business Description

Address 4-3-1 Toranomon, 29th Floor, Shiroyama Trust Tower, Minato-ku, Tokyo, JPN, 105-6029
Laox Holdings Co Ltd is a Japan-based Duty-Free store company. It is engaged in the Gift Solutions, Retail, Trading, and Asset Services. The Retail business includes various products which it sells in real stores and through online sales, Gift Solutions business consists Sales of gift items and lifestyle-related products, and others. The Trading business through the import and export of private label products, etc., and Asset Services Business involves the operation and management of mixed-use commercial facilities, real estate sales and brokerage, and rental property management.
53GF Score

Get the complete analysis for TSE:8202

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

円148.00
Price
円172.19
GF Value