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Journey EnergyTSX:JOY +2.27%63 Debt-to-EBITDA is 3.31 as of Mar. 2026, which is 245% above its 10-year median of 0.96. GuruFocus rates TSX:JOY with a GF Score™ of 63/100 and a GF Value™ of C$2.75 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 706 Oil & Gas companies, Journey Energy ranks better than 73.23% 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 Journey Energy's Debt-to-EBITDA or its related term are showing as below:
TSX:JOY'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -10.35 Med: 0.96 Max: 45.79
Current: 0.84
During the past 13 years, the highest Debt-to-EBITDA Ratio of Journey Energy was 45.79. The lowest was -10.35. And the median was 0.96.
TSX:JOY's Debt-to-EBITDA is ranked better than 73.23% of 706
companies
in the Oil & Gas industry
Industry Median: 2.035
vs TSX:JOY: 0.84
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.
Journey Energy Debt-to-EBITDA Related Terms
Journey Energy Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Journey Energy'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:JOY vs COP, EOG, FANG: Debt-to-EBITDA Comparison
For the Oil & Gas E&P subindustry, Journey Energy'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.
Journey Energy Debt-to-EBITDA vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Journey Energy's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Journey Energy'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.
Journey Energy (TSX:JOY) has a Debt-to-EBITDA of 3.31 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 Journey Energy. This is 245% above median its historical median of 0.96. According to the industry distribution chart, Journey Energy ranks #189 out of 706 companies in the Oil & Gas industry, placing it in the top 26.8%.
Is Journey Energy's Debt-to-EBITDA too high?
Journey Energy's current Debt-to-EBITDA of 3.31 is 245% above median its 10-year median of 0.96. The Oil & Gas industry median Debt-to-EBITDA is 2.04. Journey Energy's value of 3.31 is 62.7% above this industry median. Based on the distribution chart, Journey Energy ranks #189 out of 706 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Journey Energy has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Journey Energy's Debt-to-EBITDA compare to COP and EOG?
According to the Oil & Gas industry distribution chart, Journey Energy ranks #189 out of 706 companies for Debt-to-EBITDA. This puts Journey Energy in the upper half of its industry. The industry median Debt-to-EBITDA is 2.04. Journey Energy's value of 3.31 is 62.7% above this benchmark. While the company's 10-year median is 0.96 vs. the industry median of 2.04, Journey Energy 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 Oil & Gas company?
The median Debt-to-EBITDA among Oil & Gas companies is 2.04, based on 706 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. Journey Energy's current Debt-to-EBITDA of 3.31 is 62.7% 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 Journey Energy. For the Oil & Gas industry, the median Debt-to-EBITDA is 2.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Journey Energy's current Debt-to-EBITDA is 3.31, which is 245% above median its own 10-year median of 0.96. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Journey Energy stock overvalued right now?
Based on GuruFocus' analysis, Journey Energy (TSX:JOY) is currently considered Significantly Overvalued. The stock's GF Value™ is C$2.75, compared to a current price of C$4.50 — trading 63.6% above its estimated fair value. The current Debt-to-EBITDA is 3.31, which is 245% above median its 10-year median of 0.96 and 62.7% above the Oil & Gas industry median of 2.04. Journey Energy's overall GF Score™ is 63/100 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 Journey Energy (TSX:JOY), the current Debt-to-EBITDA is 3.31 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 Journey Energy (TSX:JOY) Overvalued in 2026?
Based on GuruFocus' analysis, Journey Energy stock appears to be overvalued.
The current stock price of C$4.50 is trading 63.6% above its estimated GF Value™ of C$2.75.
GuruFocus considers Journey Energy to be Significantly Overvalued.
Key valuation signals for TSX:JOY:
Debt-to-EBITDA: 3.31 (245% above median its 10-year median of 0.96)
GF Value™: C$2.75 vs. price of C$4.50 (63.6% above fair value)
Industry Position: 62.7% above the Oil & Gas median (#189 of 706)
No single metric tells the full story. See the TSX:JOY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Journey Energy Inc is engaged in the exploration, development, and production of crude oil and natural gas. Journey generates revenue mainly from the sale of crude oil, condensate, natural gas, and natural gas liquids (NGLs).
63GF Score
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