WARFF (The Wharf (Holdings)) Debt-to-EBITDA : -37.30 (As of Dec. 2025)

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WARFF The Wharf (Holdings) Ltd WARFF
65 GF Score
Price $2.99
GF Value $2.10
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is The Wharf (Holdings) Debt-to-EBITDA?

The Wharf (Holdings) WARFF 65 Debt-to-EBITDA is -37.30 as of Dec. 2025. GuruFocus rates WARFF with a GF Score™ of 65/100 and a GF Value™ of $2.10 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,273 Real Estate companies, The Wharf (Holdings) ranks worse than 88.06% on this metric.

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

The Wharf (Holdings)'s Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $312 Mil. The Wharf (Holdings)'s Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $1,990 Mil. The Wharf (Holdings)'s annualized EBITDA for the quarter that ended in Dec. 2025 was $-62 Mil. The Wharf (Holdings)'s annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was -37.30.

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 The Wharf (Holdings)'s Debt-to-EBITDA or its related term are showing as below:

WARFF' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -3.19   Med: 3.7   Max: 20.19
Current: 20.19

During the past 13 years, the highest Debt-to-EBITDA Ratio of The Wharf (Holdings) was 20.19. The lowest was -3.19. And the median was 3.70.

WARFF's Debt-to-EBITDA is ranked worse than
88.06% of 1273 companies
in the Real Estate industry
Industry Median: 5.62 vs WARFF: 20.19

The Wharf (Holdings)  (OTCPK:WARFF) 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.


The Wharf (Holdings) Debt-to-EBITDA Related Terms


The Wharf (Holdings) Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for The Wharf (Holdings)'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.

The Wharf (Holdings) Debt-to-EBITDA Chart

The Wharf (Holdings) Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.57 15.39 5.18 -3.19 20.19

The Wharf (Holdings) Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 6.07 -1.94 -26.33 8.70 -37.30

The Wharf (Holdings) Debt-to-EBITDA Competitor Comparison

For the Real Estate - Development subindustry, The Wharf (Holdings)'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.


The Wharf (Holdings) Debt-to-EBITDA vs Real Estate Industry

For the Real Estate industry and Real Estate sector, The Wharf (Holdings)'s Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where The Wharf (Holdings)'s Debt-to-EBITDA falls into.


WARFF
65GF Score
The Wharf (Holdings) Ltd WARFF
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

The Wharf (Holdings) Debt-to-EBITDA Calculation

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

The Wharf (Holdings)'s Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(311.536 + 1989.77) / 113.999
=20.19

The Wharf (Holdings)'s annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(311.536 + 1989.77) / -61.69
=-37.30

* 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 two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of -37.30 mean?
The Wharf (Holdings) (WARFF) has a Debt-to-EBITDA of -37.30 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on The Wharf (Holdings). According to the industry distribution chart, The Wharf (Holdings) ranks #1121 out of 1273 companies in the Real Estate industry, placing it in the top 88.1%.
Is The Wharf (Holdings)'s Debt-to-EBITDA too high?
The Wharf (Holdings)'s current Debt-to-EBITDA is -37.30. Based on the distribution chart, The Wharf (Holdings) ranks #1121 out of 1273 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, The Wharf (Holdings) has a GF Score™ of 65/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does The Wharf (Holdings)'s Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, The Wharf (Holdings) ranks #1121 out of 1273 companies for Debt-to-EBITDA. This places The Wharf (Holdings) in the lower half of its industry. The industry median Debt-to-EBITDA is 5.62. 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 5.62, based on 1,273 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. 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 The Wharf (Holdings). For the Real Estate industry, the median Debt-to-EBITDA is 5.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. The Wharf (Holdings)'s current Debt-to-EBITDA is -37.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is The Wharf (Holdings) stock overvalued right now?
Based on GuruFocus' analysis, The Wharf (Holdings) (WARFF) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.10, compared to a current price of $2.99 — trading 42.2% above its estimated fair value. The current Debt-to-EBITDA is -37.30. The Wharf (Holdings)'s overall GF Score™ is 65/100 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 The Wharf (Holdings) (WARFF), the current Debt-to-EBITDA is -37.30 as of Dec. 2025. 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 The Wharf (Holdings) (WARFF) Overvalued in 2026?

Based on GuruFocus' analysis, The Wharf (Holdings) stock appears to be overvalued. The current stock price of $2.99 is trading 42.2% above its estimated GF Value™ of $2.10. GuruFocus considers The Wharf (Holdings) to be Significantly Overvalued.

Key valuation signals for WARFF:

  • Debt-to-EBITDA: -37.30
  • GF Value™: $2.10 vs. price of $2.99 (42.2% above fair value)
  • GF Score™: 65/100 with 6 warning signs

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


The Wharf (Holdings) Business Description

Address Canton Road, 16th Floor, Ocean Centre, Harbour City, Kowloon, Hong Kong, HKG
The Wharf (Holdings) Ltd has determined five reportable operating segments for measuring performance and allocating resources. The segments are investment properties, development properties, hotels, logistics, and investments. The investment properties segment mainly includes property leasing & management operations. The development properties segment encompasses activities relating to the acquisition, development, sales, and marketing of the Group's trading properties. The hotel segment includes hotel management in Asia. The logistics segment mainly includes container terminal operations. The investment segment includes a diversified portfolio of listed equity investments. The majority is from the Development Properties segment. Geographically, the majority is from Mainland China.
65GF Score

Get the complete analysis for WARFF

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

$2.99
Price
$2.10
GF Value