Madison Pacific Properties (TSX:MPC) Debt-to-EBITDA : 5.15 (As of Mar. 2026) — 24% Above 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.

TSX:MPC Madison Pacific Properties Inc TSX:MPC
64 GF Score
Price C$4.75
GF Value C$5.84
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Madison Pacific Properties Debt-to-EBITDA?

Madison Pacific Properties TSX:MPC 64 Debt-to-EBITDA is 5.15 as of Mar. 2026, which is 24% above its 10-year median of 4.17. GuruFocus rates TSX:MPC with a GF Score™ of 64/100 and a GF Value™ of C$5.84 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 1,270 Real Estate companies, Madison Pacific Properties ranks worse than 51.18% on this metric.

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

Madison Pacific Properties's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was C$83.39 Mil. Madison Pacific Properties's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was C$272.70 Mil. Madison Pacific Properties's annualized EBITDA for the quarter that ended in Mar. 2026 was C$69.09 Mil. Madison Pacific Properties's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 5.15.

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 Madison Pacific Properties's Debt-to-EBITDA or its related term are showing as below:

TSX:MPC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 2.71   Med: 4.17   Max: 11.66
Current: 5.8

During the past 13 years, the highest Debt-to-EBITDA Ratio of Madison Pacific Properties was 11.66. The lowest was 2.71. And the median was 4.17.

TSX:MPC's Debt-to-EBITDA is ranked worse than
51.18% of 1270 companies
in the Real Estate industry
Industry Median: 5.625 vs TSX:MPC: 5.80

Madison Pacific Properties  (TSX:MPC) 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.


Madison Pacific Properties Debt-to-EBITDA Related Terms


Madison Pacific Properties Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Madison Pacific Properties'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.

Madison Pacific Properties Debt-to-EBITDA Chart

Madison Pacific Properties Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.79 3.86 3.44 8.39 11.66

Madison Pacific Properties Quarterly Data
Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Mar25 Jun25 Sep25 Dec25 Mar26
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 7.03 3.64 25.65 4.98 5.15

TSX:MPC vs CBRE, BEKE, JLL: Debt-to-EBITDA Comparison

For the Real Estate Services subindustry, Madison Pacific Properties'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.


Madison Pacific Properties Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, Madison Pacific Properties's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Madison Pacific Properties's Debt-to-EBITDA falls into.


TSX:MPC
64GF Score
Madison Pacific Properties Inc TSX:MPC
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Madison Pacific Properties Debt-to-EBITDA Calculation

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

Madison Pacific Properties's Debt-to-EBITDA for the fiscal year that ended in Aug. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(104.08 + 198.828) / 25.973
=11.66

Madison Pacific Properties'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
=(83.387 + 272.695) / 69.092
=5.15

* 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 5.15 mean?
Madison Pacific Properties (TSX:MPC) has a Debt-to-EBITDA of 5.15 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 Madison Pacific Properties. This is 24% above median its historical median of 4.17. Over the past decade, Madison Pacific Properties' Debt-to-EBITDA has ranged from 2.71 to 11.66. According to the industry distribution chart, Madison Pacific Properties ranks #650 out of 1270 companies in the Real Estate industry, placing it in the top 51.2%.
Is Madison Pacific Properties' Debt-to-EBITDA too high?
Madison Pacific Properties' current Debt-to-EBITDA of 5.15 is 24% above median its 10-year median of 4.17. Over the past 10 years, this metric has ranged from a low of 2.71 to a high of 11.66. The Real Estate industry median Debt-to-EBITDA is 5.63. Madison Pacific Properties' value of 5.15 is 8.4% below this industry median. Based on the distribution chart, Madison Pacific Properties ranks #650 out of 1270 companies in the Real Estate industry, which is below the industry midpoint. Overall, Madison Pacific Properties has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Madison Pacific Properties' Debt-to-EBITDA compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Madison Pacific Properties ranks #650 out of 1270 companies for Debt-to-EBITDA. This places Madison Pacific Properties in the lower half of its industry. The industry median Debt-to-EBITDA is 5.63. Madison Pacific Properties' value of 5.15 is 8.4% below this benchmark. Historically, Madison Pacific Properties' own Debt-to-EBITDA has ranged from 2.71 to 11.66 over the past decade. While the company's 10-year median is 4.17 vs. the industry median of 5.63, Madison Pacific Properties 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.63, based on 1,270 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. Madison Pacific Properties's current Debt-to-EBITDA of 5.15 is 8.4% 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 Madison Pacific Properties. For the Real Estate industry, the median Debt-to-EBITDA is 5.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Madison Pacific Properties's current Debt-to-EBITDA is 5.15, which is 24% above median its own 10-year median of 4.17. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Madison Pacific Properties stock overvalued right now?
Based on GuruFocus' analysis, Madison Pacific Properties (TSX:MPC) is currently considered Modestly Undervalued. The stock's GF Value™ is C$5.84, compared to a current price of C$4.75 — trading 18.7% below its estimated fair value. The current Debt-to-EBITDA is 5.15, which is 24% above median its 10-year median of 4.17 and 8.4% below the Real Estate industry median of 5.63. Madison Pacific Properties' overall GF Score™ is 64/100 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 Madison Pacific Properties (TSX:MPC), the current Debt-to-EBITDA is 5.15 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 Madison Pacific Properties (TSX:MPC) Overvalued in 2026?

Based on GuruFocus' analysis, Madison Pacific Properties stock appears to be undervalued. The current stock price of C$4.75 is trading 18.7% below its estimated GF Value™ of C$5.84. GuruFocus considers Madison Pacific Properties to be Modestly Undervalued.

Key valuation signals for TSX:MPC:

  • Debt-to-EBITDA: 5.15 (24% above median its 10-year median of 4.17)
  • GF Value™: C$5.84 vs. price of C$4.75 (18.7% below fair value)
  • GF Score™: 64/100 with 7 warning signs
  • Industry Position: 8.4% below the Real Estate median (#650 of 1270)

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


Madison Pacific Properties Business Description

Other Exchanges MPC.C:Canada
Address 389 West 6th Avenue, Vancouver, BC, CAN, V5Y 1L1
Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates industrial, commercial, multifamily, retail, and office rental properties located in Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment, that being the rental of industrial, commercial, multi-family, retail, and office real estate properties located in Canada. The company derives its revenue from rental operations and property management.
64GF Score

Get the complete analysis for TSX:MPC

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

C$4.75
Price
C$5.84
GF Value