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Horai CoTSE:9679 -1.94%73 Debt-to-EBITDA is 2.68 as of Mar. 2026, which is 2% above its 10-year median of 2.62. GuruFocus rates TSE:9679 with a GF Score™ of 73/100 and a GF Value™ of 円1,983.11 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 316 Insurance companies, Horai Co ranks worse than 66.77% 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 Horai Co's Debt-to-EBITDA or its related term are showing as below:
TSE:9679'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.28 Med: 2.62 Max: 6.7
Current: 1.95
During the past 13 years, the highest Debt-to-EBITDA Ratio of Horai Co was 6.70. The lowest was 0.28. And the median was 2.62.
TSE:9679's Debt-to-EBITDA is ranked worse than 66.77% of 316
companies
in the Insurance industry
Industry Median: 1.255
vs TSE:9679: 1.95
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.
Horai Co Debt-to-EBITDA Related Terms
Horai Co Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Horai 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.
TSE:9679 vs BRK.A, AIG, HIG: Debt-to-EBITDA Comparison
For the Insurance - Diversified subindustry, Horai 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.
Horai Co Debt-to-EBITDA vs Insurance Industry
For the Insurance industry and Financial Services sector, Horai Co's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Horai 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 (Mar. 2026) EBITDA data.
Horai Co (TSE:9679) has a Debt-to-EBITDA of 2.68 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 Horai Co. This is near median its historical median of 2.62. Over the past decade, Horai Co's Debt-to-EBITDA has ranged from 0.28 to 6.70. According to the industry distribution chart, Horai Co ranks #211 out of 316 companies in the Insurance industry, placing it in the top 66.8%.
Is Horai Co's Debt-to-EBITDA too high?
Horai Co's current Debt-to-EBITDA of 2.68 is near median its 10-year median of 2.62. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 6.70. The Insurance industry median Debt-to-EBITDA is 1.26. Horai Co's value of 2.68 is 113.5% above this industry median. Based on the distribution chart, Horai Co ranks #211 out of 316 companies in the Insurance industry, which is below the industry midpoint. Overall, Horai Co has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Horai Co's Debt-to-EBITDA compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Horai Co ranks #211 out of 316 companies for Debt-to-EBITDA. This places Horai Co in the lower half of its industry. The industry median Debt-to-EBITDA is 1.26. Horai Co's value of 2.68 is 113.5% above this benchmark. Historically, Horai Co's own Debt-to-EBITDA has ranged from 0.28 to 6.70 over the past decade. While the company's 10-year median is 2.62 vs. the industry median of 1.26, Horai 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 an Insurance company?
The median Debt-to-EBITDA among Insurance companies is 1.26, based on 316 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. Horai Co's current Debt-to-EBITDA of 2.68 is 113.5% 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 Horai Co. For the Insurance industry, the median Debt-to-EBITDA is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Horai Co's current Debt-to-EBITDA is 2.68, which is near median its own 10-year median of 2.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Horai Co stock overvalued right now?
Based on GuruFocus' analysis, Horai Co (TSE:9679) is currently considered Modestly Overvalued. The stock's GF Value™ is 円1,983.11, compared to a current price of 円2,326.00 — trading 17.3% above its estimated fair value. The current Debt-to-EBITDA is 2.68, which is near median its 10-year median of 2.62 and 113.5% above the Insurance industry median of 1.26. Horai Co's overall GF Score™ is 73/100 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 Horai Co (TSE:9679), the current Debt-to-EBITDA is 2.68 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 Horai Co (TSE:9679) Overvalued in 2026?
Based on GuruFocus' analysis, Horai Co stock appears to be overvalued.
The current stock price of 円2,326.00 is trading 17.3% above its estimated GF Value™ of 円1,983.11.
GuruFocus considers Horai Co to be Modestly Overvalued.
Key valuation signals for TSE:9679:
Debt-to-EBITDA: 2.68 (near median its 10-year median of 2.62)
GF Value™: 円1,983.11 vs. price of 円2,326.00 (17.3% above fair value)
Industry Position: 113.5% above the Insurance median (#211 of 316)
No single metric tells the full story. See the TSE:9679 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Horai Co Ltd is engaged in the insurance agency business, rental property operation and management, real estate buying and selling and brokerage, feed production, dairy cow breeding, production and sales of milk and dairy products, operation of restaurants and tourist facilities, and operation of golf courses. The company is mainly engaged in Insurance business.
73GF Score
Get the complete analysis for TSE:9679
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