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MedicureTSXV:MPH +10.17%67 Debt-to-EBITDA is 0.73 as of Mar. 2026, which is 115% above its 10-year median of 0.34. GuruFocus rates TSXV:MPH with a GF Score™ of 67/100 and a GF Value™ of C$1.57 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 692 Drug Manufacturers companies, Medicure ranks worse than 144508.53% 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 Medicure's Debt-to-EBITDA or its related term are showing as below:
TSXV:MPH'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -0.36 Med: 0.34 Max: 11.38
Current: -0.2
During the past 13 years, the highest Debt-to-EBITDA Ratio of Medicure was 11.38. The lowest was -0.36. And the median was 0.34.
TSXV:MPH's Debt-to-EBITDA is ranked worse than 100% of 692
companies
in the Drug Manufacturers industry
Industry Median: 1.68
vs TSXV:MPH: -0.20
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.
Medicure Debt-to-EBITDA Related Terms
Medicure Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Medicure'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.
For the Drug Manufacturers - Specialty & Generic subindustry, Medicure'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.
Medicure Debt-to-EBITDA vs Drug Manufacturers Industry
For the Drug Manufacturers industry and Healthcare sector, Medicure's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Medicure'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.
Medicure (TSXV:MPH) has a Debt-to-EBITDA of 0.73 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 Medicure. This is 115% above median its historical median of 0.34. According to the industry distribution chart, Medicure ranks #999999 out of 692 companies in the Drug Manufacturers industry.
Is Medicure's Debt-to-EBITDA too high?
Medicure's current Debt-to-EBITDA of 0.73 is 115% above median its 10-year median of 0.34. The Drug Manufacturers industry median Debt-to-EBITDA is 1.68. Medicure's value of 0.73 is 56.5% below this industry median. Based on the distribution chart, Medicure ranks #999999 out of 692 companies in the Drug Manufacturers industry, which is in the bottom quartile relative to peers. Overall, Medicure has a GF Score™ of 67/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Medicure's Debt-to-EBITDA compare to ZTS?
According to the Drug Manufacturers industry distribution chart, Medicure ranks #999999 out of 692 companies for Debt-to-EBITDA. This places Medicure in the lower half of its industry. The industry median Debt-to-EBITDA is 1.68. Medicure's value of 0.73 is 56.5% below this benchmark. While the company's 10-year median is 0.34 vs. the industry median of 1.68, Medicure 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 Drug Manufacturers company?
The median Debt-to-EBITDA among Drug Manufacturers companies is 1.68, based on 692 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. Medicure's current Debt-to-EBITDA of 0.73 is 56.5% 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 Medicure. For the Drug Manufacturers industry, the median Debt-to-EBITDA is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medicure's current Debt-to-EBITDA is 0.73, which is 115% above median its own 10-year median of 0.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medicure stock overvalued right now?
Based on GuruFocus' analysis, Medicure (TSXV:MPH) is currently considered Modestly Undervalued. The stock's GF Value™ is C$1.57, compared to a current price of C$1.30 — trading 17.2% below its estimated fair value. The current Debt-to-EBITDA is 0.73, which is 115% above median its 10-year median of 0.34 and 56.5% below the Drug Manufacturers industry median of 1.68. Medicure's overall GF Score™ is 67/100 with 6 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 Medicure (TSXV:MPH), the current Debt-to-EBITDA is 0.73 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 Medicure (TSXV:MPH) Overvalued in 2026?
Based on GuruFocus' analysis, Medicure stock appears to be undervalued.
The current stock price of C$1.30 is trading 17.2% below its estimated GF Value™ of C$1.57.
GuruFocus considers Medicure to be Modestly Undervalued.
Key valuation signals for TSXV:MPH:
Debt-to-EBITDA: 0.73 (115% above median its 10-year median of 0.34)
GF Value™: C$1.57 vs. price of C$1.30 (17.2% below fair value)
Industry Position: 56.5% below the Drug Manufacturers median (#999999 of 692)
No single metric tells the full story. See the TSXV:MPH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Medicure Inc is focused on the development and commercialization of pharmaceuticals and healthcare products for patients and prescribers in the United States market and sales to the Retail Public of pharmaceutical products. The Company's present focus is the sale and marketing of its cardiovascular products, AGGRASTAT, ZYPITAMAG, and increasing its e-commerce and mail order pharmaceutical business. The Company operates under two segments: the marketing and distribution of commercial products and the operation of a retail and mail order pharmacy. It generates the majority of its revenue from the Retail and Mail Order Pharmacy segment.
67GF Score
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