Spirax GroupSPXSY -0.83%89 Interest Coverage is 5.30 as of Dec. 2025, which is 76% below its 10-year median of 22.49. GuruFocus rates SPXSY with a GF Score™ of 89/100 and a GF Value™ of $55.53 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 2,329 Industrial Products companies, Spirax Group ranks worse than 71.4% 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. Spirax Group's
Operating Income
for the
six
months ended in Dec. 2025 was $166 Mil. Spirax Group's Interest Expense for the
six
months ended in Dec. 2025 was $-31 Mil.
Spirax Group's interest coverage for the quarter that ended in Dec. 2025 was 5.30.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Spirax Group's Interest Coverage or its related term are showing as below:
SPXSY'
s Interest Coverage Range Over the Past 10 Years
Min: 5.37 Med: 22.49 Max: 43.53
Current: 5.65
SPXSY's Interest Coverage is ranked worse than 71.4% of 2329
companies
in the Industrial Products industry
Industry Median: 14.79
vs SPXSY: 5.65
Spirax Group (OTCPK:SPXSY) 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 .
Spirax Group Interest Coverage Related Terms
Spirax Group Interest Coverage Historical Data
* Premium members only.
The historical data trend for Spirax 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.
SPXSY vs GEV, ETN, PH: Interest Coverage Comparison
For the Specialty Industrial Machinery subindustry, Spirax 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.
Spirax Group Interest Coverage vs Industrial Products Industry
For the Industrial Products industry and Industrials sector, Spirax Group's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Spirax Group's Interest Coverage falls into.
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.
Spirax Group (SPXSY) has a Interest Coverage of 5.30 as of Dec. 2025. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Spirax Group and its competitors. This is 76% below median its historical median of 22.49. Over the past decade, Spirax Group's Interest Coverage has ranged from 5.37 to 43.53. According to the industry distribution chart, Spirax Group ranks #1663 out of 2329 companies in the Industrial Products industry, placing it in the top 71.4%.
Is Spirax Group's Interest Coverage too high?
Spirax Group's current Interest Coverage of 5.30 is 76% below median its 10-year median of 22.49. Over the past 10 years, this metric has ranged from a low of 5.37 to a high of 43.53. The Industrial Products industry median Interest Coverage is 14.79. Spirax Group's value of 5.30 is 64.2% below this industry median. Based on the distribution chart, Spirax Group ranks #1663 out of 2329 companies in the Industrial Products industry, which is below the industry midpoint. Overall, Spirax Group has a GF Score™ of 89/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Spirax Group's Interest Coverage compare to GEV and ETN?
According to the Industrial Products industry distribution chart, Spirax Group ranks #1663 out of 2329 companies for Interest Coverage. This places Spirax Group in the lower half of its industry. The industry median Interest Coverage is 14.79. Spirax Group's value of 5.30 is 64.2% below this benchmark. Historically, Spirax Group's own Interest Coverage has ranged from 5.37 to 43.53 over the past decade. While the company's 10-year median is 22.49 vs. the industry median of 14.79, Spirax Group 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 Interest Coverage for an Industrial Products company?
The median Interest Coverage among Industrial Products companies is 14.79, based on 2,329 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. Spirax Group's current Interest Coverage of 5.30 is 64.2% 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 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 Spirax Group and its competitors. For the Industrial Products industry, the median Interest Coverage is 14.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Spirax Group's current Interest Coverage is 5.30, which is 76% below median its own 10-year median of 22.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Spirax Group stock overvalued right now?
Based on GuruFocus' analysis, Spirax Group (SPXSY) is currently considered Modestly Undervalued. The stock's GF Value™ is $55.53, compared to a current price of $45.85 — trading 17.4% below its estimated fair value. The current Interest Coverage is 5.30, which is 76% below median its 10-year median of 22.49 and 64.2% below the Industrial Products industry median of 14.79. Spirax Group's overall GF Score™ is 89/100 with 4 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 Spirax Group (SPXSY), the current Interest Coverage is 5.30 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 Spirax Group (SPXSY) Overvalued in 2026?
Based on GuruFocus' analysis, Spirax Group stock appears to be undervalued.
The current stock price of $45.85 is trading 17.4% below its estimated GF Value™ of $55.53.
GuruFocus considers Spirax Group to be Modestly Undervalued.
Key valuation signals for SPXSY:
Interest Coverage: 5.30 (76% below median its 10-year median of 22.49)
GF Value™: $55.53 vs. price of $45.85 (17.4% below fair value)
Industry Position: 64.2% below the Industrial Products median (#1663 of 2329)
No single metric tells the full story. See the SPXSY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Spirax is a global manufacturer of a wide range of applications for industrial and commercial steam systems, electric thermal solutions, and peristaltic pumps used across multiple industries. The group operates across three segments and has over 110,000 direct customers across 130 countries. Approximately 85% of group sales are generated from recurring maintenance and small improvements to existing customer systems. Spirax has 1,700 product lines and 2,100 sales and service engineers, who account for 25% of employees.
89GF Score
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