Marks & Spencer GroupHAM:MA6 -0.46%84 Interest Coverage is 10.09 as of Mar. 2026, which is 149% above its 10-year median of 4.05. GuruFocus rates HAM:MA6 with a GF Score™ of 84/100 and a GF Value™ of €4.77. The stock has 3 warning signs investors should review. Among 824 Retail - Cyclical companies, Marks & Spencer Group ranks worse than 61.29% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Marks & Spencer Group's
Operating Income
for the
six
months ended in Mar. 2026 was €1,042 Mil. Marks & Spencer Group's Interest Expense for the
six
months ended in Mar. 2026 was €-103 Mil.
Marks & Spencer Group's interest coverage for the quarter that ended in Mar. 2026 was 10.09.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Marks & Spencer Group's Interest Coverage or its related term are showing as below:
HAM:MA6'
s Interest Coverage Range Over the Past 10 Years
Min: 1.15 Med: 4.05 Max: 6.11
Current: 5.11
HAM:MA6's Interest Coverage is ranked worse than 61.29% of 824
companies
in the Retail - Cyclical industry
Industry Median: 7.94
vs HAM:MA6: 5.11
Marks & Spencer Group (HAM:MA6) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Marks & Spencer Group Interest Coverage Related Terms
Marks & Spencer Group Interest Coverage Historical Data
* Premium members only.
The historical data trend for Marks & Spencer Group's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
For the Department Stores subindustry, Marks & Spencer Group's Interest Coverage, along with its competitors' market caps and Interest Coverage 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.
Marks & Spencer Group Interest Coverage vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Marks & Spencer Group's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Marks & Spencer Group's Interest Coverage falls into.
Marks & Spencer Group Interest Coverage Calculation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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.
Marks & Spencer Group (HAM:MA6) has a Interest Coverage of 10.09 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Marks & Spencer Group and its competitors. This is 149% above median its historical median of 4.05. Over the past decade, Marks & Spencer Group's Interest Coverage has ranged from 1.15 to 6.11. According to the industry distribution chart, Marks & Spencer Group ranks #505 out of 824 companies in the Retail - Cyclical industry, placing it in the top 61.3%.
Is Marks & Spencer Group's Interest Coverage too high?
Marks & Spencer Group's current Interest Coverage of 10.09 is 149% above median its 10-year median of 4.05. Over the past 10 years, this metric has ranged from a low of 1.15 to a high of 6.11. The Retail - Cyclical industry median Interest Coverage is 7.94. Marks & Spencer Group's value of 10.09 is 27.1% above this industry median. Based on the distribution chart, Marks & Spencer Group ranks #505 out of 824 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Marks & Spencer Group has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Marks & Spencer Group's Interest Coverage compare to DDS?
According to the Retail - Cyclical industry distribution chart, Marks & Spencer Group ranks #505 out of 824 companies for Interest Coverage. This places Marks & Spencer Group in the lower half of its industry. The industry median Interest Coverage is 7.94. Marks & Spencer Group's value of 10.09 is 27.1% above this benchmark. Historically, Marks & Spencer Group's own Interest Coverage has ranged from 1.15 to 6.11 over the past decade. While the company's 10-year median is 4.05 vs. the industry median of 7.94, Marks & Spencer Group 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 Interest Coverage for a Retail - Cyclical company?
The median Interest Coverage among Retail - Cyclical companies is 7.94, based on 824 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Marks & Spencer Group's current Interest Coverage of 10.09 is 27.1% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Marks & Spencer Group and its competitors. For the Retail - Cyclical industry, the median Interest Coverage is 7.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Marks & Spencer Group's current Interest Coverage is 10.09, which is 149% above median its own 10-year median of 4.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Marks & Spencer Group stock overvalued right now?
Marks & Spencer Group (HAM:MA6) has a current Interest Coverage of 10.09. The stock's GF Value™ is €4.77, compared to a current price of €4.36 — trading 8.6% below its estimated fair value. The current Interest Coverage is 10.09, which is 149% above median its 10-year median of 4.05 and 27.1% above the Retail - Cyclical industry median of 7.94. Marks & Spencer Group's overall GF Score™ is 84/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Marks & Spencer Group (HAM:MA6), the current Interest Coverage is 10.09 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 Marks & Spencer Group (HAM:MA6) Overvalued in 2026?
Based on GuruFocus' analysis, Marks & Spencer Group stock appears to be undervalued.
The current stock price of €4.36 is trading 8.6% below its estimated GF Value™ of €4.77.
Key valuation signals for HAM:MA6:
Interest Coverage: 10.09 (149% above median its 10-year median of 4.05)
GF Value™: €4.77 vs. price of €4.36 (8.6% below fair value)
Industry Position: 27.1% above the Retail - Cyclical median (#505 of 824)
No single metric tells the full story. See the HAM:MA6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Marks & Spencer is a British multichannel retailer with stores across Europe, Asia, and the Middle East. The majority of revenue stems from the firm's UK operations, selling its own-brand food, clothing, and home merchandise predominantly. The food segment includes value products (dairy, poultry, meat, fresh produce), ready-made meals, and healthy items. The clothing and home division sells women's wear, lingerie, men's wear, kids' wear, beauty, and home products. The remaining revenue comes from international sales, where M&S sells through a mix of its own stores, franchises, and online channels.In 2020, the firm entered into a joint venture, purchasing 50% of grocery e-commerce business Ocado Retail. Ocado is the exclusive online distributor of M&S food within the UK.
84GF Score
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