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.
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.
WinmarkWINA +0.63%82 Debt-to-EBITDA is 1.10 as of Jun. 2026, which is 2% below its 10-year median of 1.12. GuruFocus rates WINA with a GF Score™ of 82/100 and a GF Value™ of $400.99 (Modestly Undervalued). Among 905 Retail - Cyclical companies, Winmark ranks better than 74.92% 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 Winmark's Debt-to-EBITDA or its related term are showing as below:
WINA'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.7 Med: 1.12 Max: 1.77
Current: 1.11
During the past 13 years, the highest Debt-to-EBITDA Ratio of Winmark was 1.77. The lowest was 0.70. And the median was 1.12.
WINA's Debt-to-EBITDA is ranked better than 74.92% of 905
companies
in the Retail - Cyclical industry
Industry Median: 2.39
vs WINA: 1.11
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.
Winmark Debt-to-EBITDA Related Terms
Winmark Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Winmark'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.
WINA vs ARHS, OLPX, SBH: Debt-to-EBITDA Comparison
For the Specialty Retail subindustry, Winmark'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.
Winmark Debt-to-EBITDA vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Winmark's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Winmark'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 (Jun. 2026) EBITDA data.
Winmark (WINA) has a Debt-to-EBITDA of 1.10 as of Jun. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Winmark. This is near median its historical median of 1.12. Over the past decade, Winmark's Debt-to-EBITDA has ranged from 0.70 to 1.77. According to the industry distribution chart, Winmark ranks #227 out of 905 companies in the Retail - Cyclical industry, placing it in the top 25.1%.
Is Winmark's Debt-to-EBITDA too high?
Winmark's current Debt-to-EBITDA of 1.10 is near median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.70 to a high of 1.77. The Retail - Cyclical industry median Debt-to-EBITDA is 2.39. Winmark's value of 1.10 is 54% below this industry median. Based on the distribution chart, Winmark ranks #227 out of 905 companies in the Retail - Cyclical industry, which is above the industry midpoint. Overall, Winmark has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Winmark's Debt-to-EBITDA compare to ARHS and OLPX?
According to the Retail - Cyclical industry distribution chart, Winmark ranks #227 out of 905 companies for Debt-to-EBITDA. This puts Winmark in the upper half of its industry. The industry median Debt-to-EBITDA is 2.39. Winmark's value of 1.10 is 54% below this benchmark. Historically, Winmark's own Debt-to-EBITDA has ranged from 0.70 to 1.77 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 2.39, Winmark 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 Retail - Cyclical company?
The median Debt-to-EBITDA among Retail - Cyclical companies is 2.39, based on 905 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. Winmark's current Debt-to-EBITDA of 1.10 is 54% 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 Winmark. For the Retail - Cyclical industry, the median Debt-to-EBITDA is 2.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Winmark's current Debt-to-EBITDA is 1.10, which is near median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Winmark stock overvalued right now?
Based on GuruFocus' analysis, Winmark (WINA) is currently considered Modestly Undervalued. The stock's GF Value™ is $400.99, compared to a current price of $333.36 — trading 16.9% below its estimated fair value. The current Debt-to-EBITDA is 1.10, which is near median its 10-year median of 1.12 and 54% below the Retail - Cyclical industry median of 2.39. Winmark's overall GF Score™ is 82/100. 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 Winmark (WINA), the current Debt-to-EBITDA is 1.10 as of Jun. 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 Winmark (WINA) Overvalued in 2026?
Based on GuruFocus' analysis, Winmark stock appears to be undervalued.
The current stock price of $333.36 is trading 16.9% below its estimated GF Value™ of $400.99.
GuruFocus considers Winmark to be Modestly Undervalued.
Key valuation signals for WINA:
Debt-to-EBITDA: 1.10 (near median its 10-year median of 1.12)
GF Value™: $400.99 vs. price of $333.36 (16.9% below fair value)
Industry Position: 54% below the Retail - Cyclical median (#227 of 905)
No single metric tells the full story. See the WINA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Winmark Corp is a franchisor of value-oriented retail store concepts that buy, sell, and trade gently used merchandise. The company has one reportable segment, including Franchising, and one non-reportable segment, Leasing. The franchising segment franchises value-oriented retail stores that buy, sell, trade, and consign merchandise as well as provide strategic consulting services relating to franchising. The leasing segment includes the middle-market equipment leasing business and small-ticket financing business. It generates a majority of its revenue from the Franchising segment.
82GF Score
Get the complete analysis for WINA
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
WINA has been successfully added to your 
