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Fiera CapitalTSX:FSZ +0.95%71 Debt-to-EBITDA is 6.70 as of Mar. 2026, which is 28% above its 10-year median of 5.24. GuruFocus rates TSX:FSZ with a GF Score™ of 71/100 and a GF Value™ of C$6.46 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 384 Asset Management companies, Fiera Capital ranks worse than 79.95% 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 Fiera Capital's Debt-to-EBITDA or its related term are showing as below:
TSX:FSZ'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 3.52 Med: 5.24 Max: 7.61
Current: 5.56
During the past 13 years, the highest Debt-to-EBITDA Ratio of Fiera Capital was 7.61. The lowest was 3.52. And the median was 5.24.
TSX:FSZ's Debt-to-EBITDA is ranked worse than 79.95% of 384
companies
in the Asset Management industry
Industry Median: 1.39
vs TSX:FSZ: 5.56
Fiera Capital (TSX:FSZ) Debt-to-EBITDA Explanation
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.
Fiera Capital Debt-to-EBITDA Related Terms
Fiera Capital Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Fiera Capital'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.
TSX:FSZ vs BLK, BX, KKR: Debt-to-EBITDA Comparison
For the Asset Management subindustry, Fiera Capital'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.
Fiera Capital Debt-to-EBITDA vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Fiera Capital's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Fiera Capital'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.
Fiera Capital (TSX:FSZ) has a Debt-to-EBITDA of 6.70 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 Fiera Capital. This is 28% above median its historical median of 5.24. Over the past decade, Fiera Capital's Debt-to-EBITDA has ranged from 3.52 to 7.61. According to the industry distribution chart, Fiera Capital ranks #307 out of 384 companies in the Asset Management industry, placing it in the top 79.9%.
Is Fiera Capital's Debt-to-EBITDA too high?
Fiera Capital's current Debt-to-EBITDA of 6.70 is 28% above median its 10-year median of 5.24. Over the past 10 years, this metric has ranged from a low of 3.52 to a high of 7.61. The Asset Management industry median Debt-to-EBITDA is 1.39. Fiera Capital's value of 6.70 is 382% above this industry median. Based on the distribution chart, Fiera Capital ranks #307 out of 384 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Fiera Capital has a GF Score™ of 71/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Fiera Capital's Debt-to-EBITDA compare to BLK and BX?
According to the Asset Management industry distribution chart, Fiera Capital ranks #307 out of 384 companies for Debt-to-EBITDA. This places Fiera Capital in the lower half of its industry. The industry median Debt-to-EBITDA is 1.39. Fiera Capital's value of 6.70 is 382% above this benchmark. Historically, Fiera Capital's own Debt-to-EBITDA has ranged from 3.52 to 7.61 over the past decade. While the company's 10-year median is 5.24 vs. the industry median of 1.39, Fiera Capital 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 Asset Management company?
The median Debt-to-EBITDA among Asset Management companies is 1.39, based on 384 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. Fiera Capital's current Debt-to-EBITDA of 6.70 is 382% 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 Fiera Capital. For the Asset Management industry, the median Debt-to-EBITDA is 1.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiera Capital's current Debt-to-EBITDA is 6.70, which is 28% above median its own 10-year median of 5.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiera Capital stock overvalued right now?
Based on GuruFocus' analysis, Fiera Capital (TSX:FSZ) is currently considered Modestly Undervalued. The stock's GF Value™ is C$6.46, compared to a current price of C$5.32 — trading 17.6% below its estimated fair value. The current Debt-to-EBITDA is 6.70, which is 28% above median its 10-year median of 5.24 and 382% above the Asset Management industry median of 1.39. Fiera Capital's overall GF Score™ is 71/100 with 8 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 Fiera Capital (TSX:FSZ), the current Debt-to-EBITDA is 6.70 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 Fiera Capital (TSX:FSZ) Overvalued in 2026?
Based on GuruFocus' analysis, Fiera Capital stock appears to be undervalued.
The current stock price of C$5.32 is trading 17.6% below its estimated GF Value™ of C$6.46.
GuruFocus considers Fiera Capital to be Modestly Undervalued.
Key valuation signals for TSX:FSZ:
Debt-to-EBITDA: 6.70 (28% above median its 10-year median of 5.24)
GF Value™: C$6.46 vs. price of C$5.32 (17.6% below fair value)
Industry Position: 382% above the Asset Management median (#307 of 384)
No single metric tells the full story. See the TSX:FSZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fiera Capital Corp is an asset management firm that delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary, and private wealth clients. The company's operating segment is asset management services. Its geographical segments are Canada, the United States of America, Europe, Middle East, & Africa, and Asia. The company derives the majority of its revenue from Canada.
71GF Score
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