Makiya Co (TSE:9890) Debt-to-EBITDA : 0.63 (As of Mar. 2026) — 67% 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:9890 Makiya Co Ltd TSE:9890
84 GF Score
Price 円1,362.00
GF Value 円1,261.30
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Makiya Co Debt-to-EBITDA?

Makiya Co TSE:9890 +0.22% 84 Debt-to-EBITDA is 0.63 as of Mar. 2026, which is 67% below its 10-year median of 1.93. GuruFocus rates TSE:9890 with a GF Score™ of 84/100 and a GF Value™ of 円1,261.30 (Fairly Valued). The stock has 3 warning signs investors should review. Among 259 Retail - Defensive companies, Makiya Co ranks better than 60.62% on this metric.

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

Makiya Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円2,288 Mil. Makiya Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円3,462 Mil. Makiya Co's annualized EBITDA for the quarter that ended in Mar. 2026 was 円9,088 Mil. Makiya Co's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 0.63.

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

TSE:9890' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.43   Med: 1.93   Max: 5
Current: 1.62

During the past 13 years, the highest Debt-to-EBITDA Ratio of Makiya Co was 5.00. The lowest was 1.43. And the median was 1.93.

TSE:9890's Debt-to-EBITDA is ranked better than
60.62% of 259 companies
in the Retail - Defensive industry
Industry Median: 2.1 vs TSE:9890: 1.62

Makiya Co  (TSE:9890) 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.


Makiya Co Debt-to-EBITDA Related Terms


Makiya Co Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Makiya 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.

Makiya Co Debt-to-EBITDA Chart

Makiya 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 1.77 1.73 1.97 1.63 1.43

Makiya Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 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 1.95 0.96 -6.21 0.63 2.71

TSE:9890 vs KR: Debt-to-EBITDA Comparison

For the Grocery Stores subindustry, Makiya 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.


Makiya Co Debt-to-EBITDA vs Retail - Defensive Industry

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

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


TSE:9890
84GF Score
Makiya Co Ltd TSE:9890
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Makiya Co Debt-to-EBITDA Calculation

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

Makiya 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
=(2287.984 + 3462.383) / 4026.953
=1.43

Makiya 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
=(2287.984 + 3462.383) / 9087.872
=0.63

* 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 0.63 mean?
Makiya Co (TSE:9890) has a Debt-to-EBITDA of 0.63 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 Makiya Co. This is 67% below median its historical median of 1.93. Over the past decade, Makiya Co's Debt-to-EBITDA has ranged from 1.43 to 5.00. According to the industry distribution chart, Makiya Co ranks #102 out of 259 companies in the Retail - Defensive industry, placing it in the top 39.4%.
Is Makiya Co's Debt-to-EBITDA too high?
Makiya Co's current Debt-to-EBITDA of 0.63 is 67% below median its 10-year median of 1.93. Over the past 10 years, this metric has ranged from a low of 1.43 to a high of 5.00. The Retail - Defensive industry median Debt-to-EBITDA is 2.10. Makiya Co's value of 0.63 is 70% below this industry median. Based on the distribution chart, Makiya Co ranks #102 out of 259 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Makiya Co has a GF Score™ of 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Makiya Co's Debt-to-EBITDA compare to KR?
According to the Retail - Defensive industry distribution chart, Makiya Co ranks #102 out of 259 companies for Debt-to-EBITDA. This puts Makiya Co in the upper half of its industry. The industry median Debt-to-EBITDA is 2.10. Makiya Co's value of 0.63 is 70% below this benchmark. Historically, Makiya Co's own Debt-to-EBITDA has ranged from 1.43 to 5.00 over the past decade. While the company's 10-year median is 1.93 vs. the industry median of 2.10, Makiya 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 a Retail - Defensive company?
The median Debt-to-EBITDA among Retail - Defensive companies is 2.10, based on 259 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. Makiya Co's current Debt-to-EBITDA of 0.63 is 70% 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 Makiya Co. For the Retail - Defensive industry, the median Debt-to-EBITDA is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Makiya Co's current Debt-to-EBITDA is 0.63, which is 67% below median its own 10-year median of 1.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Makiya Co stock overvalued right now?
Based on GuruFocus' analysis, Makiya Co (TSE:9890) is currently considered Fairly Valued. The stock's GF Value™ is 円1,261.30, compared to a current price of 円1,362.00 — trading 8% above its estimated fair value. The current Debt-to-EBITDA is 0.63, which is 67% below median its 10-year median of 1.93 and 70% below the Retail - Defensive industry median of 2.10. Makiya Co's overall GF Score™ is 84/100 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 Makiya Co (TSE:9890), the current Debt-to-EBITDA is 0.63 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 Makiya Co (TSE:9890) Overvalued in 2026?

Based on GuruFocus' analysis, Makiya Co stock appears to be overvalued. The current stock price of 円1,362.00 is trading 8% above its estimated GF Value™ of 円1,261.30. GuruFocus considers Makiya Co to be Fairly Valued.

Key valuation signals for TSE:9890:

  • Debt-to-EBITDA: 0.63 (67% below median its 10-year median of 1.93)
  • GF Value™: 円1,261.30 vs. price of 円1,362.00 (8% above fair value)
  • GF Score™: 84/100 with 3 warning signs
  • Industry Position: 70% below the Retail - Defensive median (#102 of 259)

No single metric tells the full story. See the TSE:9890 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Makiya Co Business Description

Address Obuchi 2373, Shizuoka, Fuji City, JPN
Makiya Co Ltd is engaged in operating chain stores. The stores are operated under the name Espot, Potato, and Mamy in Japan.
84GF Score

Get the complete analysis for TSE:9890

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

円1,362.00
Price
円1,261.30
GF Value