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Alimentation Couche-TardTSX:ATD +2.53%94 Debt-to-EBITDA is 2.23 as of Apr. 2026, which is 6% above its 10-year median of 2.11. GuruFocus rates TSX:ATD with a GF Score™ of 94/100 and a GF Value™ of C$85.92 (Fairly Valued). The stock has 7 warning signs investors should review. Among 903 Retail - Cyclical companies, Alimentation Couche-Tard ranks better than 51.83% 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 Alimentation Couche-Tard's Debt-to-EBITDA or its related term are showing as below:
TSX:ATD'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.41 Med: 2.11 Max: 3.04
Current: 2.29
During the past 13 years, the highest Debt-to-EBITDA Ratio of Alimentation Couche-Tard was 3.04. The lowest was 1.41. And the median was 2.11.
TSX:ATD's Debt-to-EBITDA is ranked better than 51.83% of 903
companies
in the Retail - Cyclical industry
Industry Median: 2.41
vs TSX:ATD: 2.29
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.
Alimentation Couche-Tard Debt-to-EBITDA Related Terms
Alimentation Couche-Tard Debt-to-EBITDA Historical Data
* 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.
TSX:ATD vs CASY, WSM, ULTA: Debt-to-EBITDA Comparison
For the Specialty Retail subindustry, Alimentation Couche-Tard'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.
Alimentation Couche-Tard Debt-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Alimentation Couche-Tard's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Alimentation Couche-Tard'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 (Apr. 2026) EBITDA data.
Alimentation Couche-Tard (TSX:ATD) has a Debt-to-EBITDA of 2.23 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Alimentation Couche-Tard. This is near median its historical median of 2.11. Over the past decade, Alimentation Couche-Tard's Debt-to-EBITDA has ranged from 1.41 to 3.04. According to the industry distribution chart, Alimentation Couche-Tard ranks #435 out of 903 companies in the Retail - Cyclical industry, placing it in the top 48.2%.
Is Alimentation Couche-Tard's Debt-to-EBITDA too high?
Alimentation Couche-Tard's current Debt-to-EBITDA of 2.23 is near median its 10-year median of 2.11. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 3.04. The Retail - Cyclical industry median Debt-to-EBITDA is 2.41. Alimentation Couche-Tard's value of 2.23 is 7.5% below this industry median. Based on the distribution chart, Alimentation Couche-Tard ranks #435 out of 903 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Alimentation Couche-Tard has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Alimentation Couche-Tard's Debt-to-EBITDA compare to CASY and WSM?
According to the Retail - Cyclical industry distribution chart, Alimentation Couche-Tard ranks #435 out of 903 companies for Debt-to-EBITDA. This puts Alimentation Couche-Tard in the upper half of its industry. The industry median Debt-to-EBITDA is 2.41. Alimentation Couche-Tard's value of 2.23 is 7.5% below this benchmark. Historically, Alimentation Couche-Tard's own Debt-to-EBITDA has ranged from 1.41 to 3.04 over the past decade. While the company's 10-year median is 2.11 vs. the industry median of 2.41, Alimentation Couche-Tard 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 - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.41, based on 903 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. Alimentation Couche-Tard's current Debt-to-EBITDA of 2.23 is 7.5% 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 Alimentation Couche-Tard. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Alimentation Couche-Tard's current Debt-to-EBITDA is 2.23, which is near median its own 10-year median of 2.11. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Alimentation Couche-Tard stock overvalued right now?
Based on GuruFocus' analysis, Alimentation Couche-Tard (TSX:ATD) is currently considered Fairly Valued. The stock's GF Value™ is C$85.92, compared to a current price of C$91.93 — trading 7% above its estimated fair value. The current Debt-to-EBITDA is 2.23, which is near median its 10-year median of 2.11 and 7.5% below the Retail - Cyclical industry median of 2.41. Alimentation Couche-Tard's overall GF Score™ is 94/100 with 7 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 Alimentation Couche-Tard (TSX:ATD), the current Debt-to-EBITDA is 2.23 as of Apr. 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 Alimentation Couche-Tard (TSX:ATD) Overvalued in 2026?
Based on GuruFocus' analysis, Alimentation Couche-Tard stock appears to be overvalued.
The current stock price of C$91.93 is trading 7% above its estimated GF Value™ of C$85.92.
GuruFocus considers Alimentation Couche-Tard to be Fairly Valued.
Key valuation signals for TSX:ATD:
Debt-to-EBITDA: 2.23 (near median its 10-year median of 2.11)
GF Value™: C$85.92 vs. price of C$91.93 (7% above fair value)
Industry Position: 7.5% below the Retail - Cyclical median (#435 of 903)
No single metric tells the full story. See the TSX:ATD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Alimentation Couche-Tard Inc operates a network of convenience stores across North America, Europe, and Asia. The company generates income through the sale of tobacco products, groceries, beverages, fresh food, quick service restaurants, car wash services, other retail products and services, road transportation fuel, stationary energy, marine fuel, and chemicals. In addition, the company operates stores under the Circle K banner in other countries such as Indonesia, Egypt, Macau, and others. Its operation is geographically divided into the U.S., Europe and other regions, and Canada. Revenue from external customers falls mainly into three categories: merchandise and services, road transportation fuel, and others. The company generates the majority of its revenue from the United States.
94GF Score
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