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PJP MakrumWAR:PJP +4.44%71 Debt-to-EBITDA is 27.50 as of Mar. 2026, which is 848% above its 10-year median of 2.90. GuruFocus rates WAR:PJP with a GF Score™ of 71/100 and a GF Value™ of zł17.19 (Significantly Overvalued). The stock has 13 warning signs investors should review. Among 1,410 Construction companies, PJP Makrum ranks worse than 87.16% 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 PJP Makrum's Debt-to-EBITDA or its related term are showing as below:
WAR:PJP'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.13 Med: 2.9 Max: 8.28
Current: 8.28
During the past 13 years, the highest Debt-to-EBITDA Ratio of PJP Makrum was 8.28. The lowest was 1.13. And the median was 2.90.
WAR:PJP's Debt-to-EBITDA is ranked worse than 87.16% of 1410
companies
in the Construction industry
Industry Median: 2.115
vs WAR:PJP: 8.28
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.
PJP Makrum Debt-to-EBITDA Related Terms
PJP Makrum Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for PJP Makrum'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.
WAR:PJP vs PWR, FIX, EME: Debt-to-EBITDA Comparison
For the Engineering & Construction subindustry, PJP Makrum'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.
PJP Makrum Debt-to-EBITDA vs Construction Industry
For the Construction industry and Industrials sector, PJP Makrum's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where PJP Makrum'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.
PJP Makrum (WAR:PJP) has a Debt-to-EBITDA of 27.50 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 PJP Makrum. This is 848% above median its historical median of 2.90. Over the past decade, PJP Makrum's Debt-to-EBITDA has ranged from 1.13 to 8.28. According to the industry distribution chart, PJP Makrum ranks #1229 out of 1410 companies in the Construction industry, placing it in the top 87.2%.
Is PJP Makrum's Debt-to-EBITDA too high?
PJP Makrum's current Debt-to-EBITDA of 27.50 is 848% above median its 10-year median of 2.90. Over the past 10 years, this metric has ranged from a low of 1.13 to a high of 8.28. The Construction industry median Debt-to-EBITDA is 2.12. PJP Makrum's value of 27.50 is 1200.2% above this industry median. Based on the distribution chart, PJP Makrum ranks #1229 out of 1410 companies in the Construction industry, which is in the bottom quartile relative to peers. Overall, PJP Makrum has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does PJP Makrum's Debt-to-EBITDA compare to PWR and FIX?
According to the Construction industry distribution chart, PJP Makrum ranks #1229 out of 1410 companies for Debt-to-EBITDA. This places PJP Makrum in the lower half of its industry. The industry median Debt-to-EBITDA is 2.12. PJP Makrum's value of 27.50 is 1200.2% above this benchmark. Historically, PJP Makrum's own Debt-to-EBITDA has ranged from 1.13 to 8.28 over the past decade. While the company's 10-year median is 2.90 vs. the industry median of 2.12, PJP Makrum 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 a Construction company?
The median Debt-to-EBITDA among Construction companies is 2.12, based on 1,410 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. PJP Makrum's current Debt-to-EBITDA of 27.50 is 1200.2% 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 PJP Makrum. For the Construction industry, the median Debt-to-EBITDA is 2.12 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PJP Makrum's current Debt-to-EBITDA is 27.50, which is 848% above median its own 10-year median of 2.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PJP Makrum stock overvalued right now?
Based on GuruFocus' analysis, PJP Makrum (WAR:PJP) is currently considered Significantly Overvalued. The stock's GF Value™ is zł17.19, compared to a current price of zł23.50 — trading 36.7% above its estimated fair value. The current Debt-to-EBITDA is 27.50, which is 848% above median its 10-year median of 2.90 and 1200.2% above the Construction industry median of 2.12. PJP Makrum's overall GF Score™ is 71/100 with 13 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 PJP Makrum (WAR:PJP), the current Debt-to-EBITDA is 27.50 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 PJP Makrum (WAR:PJP) Overvalued in 2026?
Based on GuruFocus' analysis, PJP Makrum stock appears to be overvalued.
The current stock price of zł23.50 is trading 36.7% above its estimated GF Value™ of zł17.19.
GuruFocus considers PJP Makrum to be Significantly Overvalued.
Key valuation signals for WAR:PJP:
Debt-to-EBITDA: 27.50 (848% above median its 10-year median of 2.90)
GF Value™: zł17.19 vs. price of zł23.50 (36.7% above fair value)
Industry Position: 1200.2% above the Construction median (#1229 of 1410)
No single metric tells the full story. See the WAR:PJP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PJP Makrum SA operates in three areas. The first consists of the production of steel structures for the energy and chemical industries and environmental protection. The second segment focuses on commercial construction (industrial facilities, warehouses, and retail space). The third activity is docking solutions.
71GF Score
Get the complete analysis for WAR:PJP
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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