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Hokkaido Gas CoTSE:9534 +1.61%79 Debt-to-EBITDA is 1.39 as of Jun. 2026, which is 55% below its 10-year median of 3.12. GuruFocus rates TSE:9534 with a GF Score™ of 79/100 and a GF Value™ of 円613.26 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 448 Utilities - Regulated companies, Hokkaido Gas Co ranks better than 76.79% 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 Hokkaido Gas Co's Debt-to-EBITDA or its related term are showing as below:
TSE:9534'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.33 Med: 3.12 Max: 4.94
Current: 1.41
During the past 13 years, the highest Debt-to-EBITDA Ratio of Hokkaido Gas Co was 4.94. The lowest was 1.33. And the median was 3.12.
TSE:9534's Debt-to-EBITDA is ranked better than 76.79% of 448
companies
in the Utilities - Regulated industry
Industry Median: 3.935
vs TSE:9534: 1.41
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.
Hokkaido Gas Co Debt-to-EBITDA Related Terms
Hokkaido Gas Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Hokkaido Gas 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.
For the Utilities - Regulated Gas subindustry, Hokkaido Gas 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.
Hokkaido Gas Co Debt-to-EBITDA vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hokkaido Gas Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Hokkaido Gas Co'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 (Jun. 2026) EBITDA data.
Hokkaido Gas Co (TSE:9534) has a Debt-to-EBITDA of 1.39 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 Hokkaido Gas Co. This is 55% below median its historical median of 3.12. Over the past decade, Hokkaido Gas Co's Debt-to-EBITDA has ranged from 1.33 to 4.94. According to the industry distribution chart, Hokkaido Gas Co ranks #104 out of 448 companies in the Utilities - Regulated industry, placing it in the top 23.2%.
Is Hokkaido Gas Co's Debt-to-EBITDA too high?
Hokkaido Gas Co's current Debt-to-EBITDA of 1.39 is 55% below median its 10-year median of 3.12. Over the past 10 years, this metric has ranged from a low of 1.33 to a high of 4.94. The Utilities - Regulated industry median Debt-to-EBITDA is 3.94. Hokkaido Gas Co's value of 1.39 is 64.7% below this industry median. Based on the distribution chart, Hokkaido Gas Co ranks #104 out of 448 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Hokkaido Gas Co has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Hokkaido Gas Co's Debt-to-EBITDA compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Hokkaido Gas Co ranks #104 out of 448 companies for Debt-to-EBITDA. This places Hokkaido Gas Co in the top 23% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 3.94. Hokkaido Gas Co's value of 1.39 is 64.7% below this benchmark. Historically, Hokkaido Gas Co's own Debt-to-EBITDA has ranged from 1.33 to 4.94 over the past decade. While the company's 10-year median is 3.12 vs. the industry median of 3.94, Hokkaido Gas 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 an Utilities - Regulated company?
The median Debt-to-EBITDA among Utilities - Regulated companies is 3.94, based on 448 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. Hokkaido Gas Co's current Debt-to-EBITDA of 1.39 is 64.7% 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 Hokkaido Gas Co. For the Utilities - Regulated industry, the median Debt-to-EBITDA is 3.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Hokkaido Gas Co's current Debt-to-EBITDA is 1.39, which is 55% below median its own 10-year median of 3.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Hokkaido Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Hokkaido Gas Co (TSE:9534) is currently considered Significantly Overvalued. The stock's GF Value™ is 円613.26, compared to a current price of 円822.00 — trading 34% above its estimated fair value. The current Debt-to-EBITDA is 1.39, which is 55% below median its 10-year median of 3.12 and 64.7% below the Utilities - Regulated industry median of 3.94. Hokkaido Gas Co's overall GF Score™ is 79/100 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 Hokkaido Gas Co (TSE:9534), the current Debt-to-EBITDA is 1.39 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 Hokkaido Gas Co (TSE:9534) Overvalued in 2026?
Based on GuruFocus' analysis, Hokkaido Gas Co stock appears to be overvalued.
The current stock price of 円822.00 is trading 34% above its estimated GF Value™ of 円613.26.
GuruFocus considers Hokkaido Gas Co to be Significantly Overvalued.
Key valuation signals for TSE:9534:
Debt-to-EBITDA: 1.39 (55% below median its 10-year median of 3.12)
GF Value™: 円613.26 vs. price of 円822.00 (34% above fair value)
Industry Position: 64.7% below the Utilities - Regulated median (#104 of 448)
No single metric tells the full story. See the TSE:9534 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Hokkaido Gas Co Ltd is a Japan-based company operating in the utility sector. Its business activities included gas, heat supply, power supply, and sale of gas by-products. The company is also engaged in the production and sale of gas appliances and related construction work. Hokkaido serves to individual and corporate customers in areas throughout Japan including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami.
79GF Score
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