MIRAI (STU:837) Debt-to-EBITDA : 12.34 (As of Apr. 2026) — Near Median

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STU:837 MIRAI Corp STU:837
60 GF Score
Price €230.00
GF Value €232.78
! 8 Warning Signs
View Full Analysis

What is MIRAI Debt-to-EBITDA?

MIRAI STU:837 +2.68% 60 Debt-to-EBITDA is 12.34 as of Apr. 2026, which is 7% below its 10-year median of 13.26. GuruFocus rates STU:837 with a GF Score™ of 60/100 and a GF Value™ of €232.78. The stock has 8 warning signs investors should review. Among 569 REITs companies, MIRAI ranks worse than 86.12% on this metric.

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

MIRAI's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was €96.72 Mil. MIRAI's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was €408.38 Mil. MIRAI's annualized EBITDA for the quarter that ended in Apr. 2026 was €40.95 Mil. MIRAI's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2026 was 12.34.

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 MIRAI's Debt-to-EBITDA or its related term are showing as below:

STU:837' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 11.5   Med: 13.26   Max: 18.72
Current: 12.6

During the past 10 years, the highest Debt-to-EBITDA Ratio of MIRAI was 18.72. The lowest was 11.50. And the median was 13.26.

STU:837's Debt-to-EBITDA is ranked worse than
86.12% of 569 companies
in the REITs industry
Industry Median: 6.52 vs STU:837: 12.60

MIRAI  (STU:837) 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.


MIRAI Debt-to-EBITDA Related Terms


MIRAI Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for MIRAI'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.

MIRAI Debt-to-EBITDA Chart

MIRAI Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.46 13.26 13.01 13.39 12.76

MIRAI Semi-Annual Data
May16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 13.78 13.03 12.36 12.88 12.34

STU:837 vs VICI, WPC: Debt-to-EBITDA Comparison

For the REIT - Diversified subindustry, MIRAI'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.


MIRAI Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, MIRAI's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where MIRAI's Debt-to-EBITDA falls into.


STU:837
60GF Score
MIRAI Corp STU:837
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MIRAI Debt-to-EBITDA Calculation

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

MIRAI's Debt-to-EBITDA for the fiscal year that ended in Oct. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(31.215 + 502.274) / 41.818
=12.76

MIRAI's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(96.721 + 408.378) / 40.946
=12.34

* 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 (Apr. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 12.34 mean?
MIRAI (STU:837) has a Debt-to-EBITDA of 12.34 as of Apr. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on MIRAI. This is near median its historical median of 13.26. Over the past decade, MIRAI's Debt-to-EBITDA has ranged from 11.50 to 18.72. According to the industry distribution chart, MIRAI ranks #490 out of 569 companies in the REITs industry, placing it in the top 86.1%.
Is MIRAI's Debt-to-EBITDA too high?
MIRAI's current Debt-to-EBITDA of 12.34 is near median its 10-year median of 13.26. Over the past 10 years, this metric has ranged from a low of 11.50 to a high of 18.72. The REITs industry median Debt-to-EBITDA is 6.52. MIRAI's value of 12.34 is 89.3% above this industry median. Based on the distribution chart, MIRAI ranks #490 out of 569 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, MIRAI has a GF Score™ of 60/100, reflecting its overall financial health beyond just this single metric.
How does MIRAI's Debt-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, MIRAI ranks #490 out of 569 companies for Debt-to-EBITDA. This places MIRAI in the lower half of its industry. The industry median Debt-to-EBITDA is 6.52. MIRAI's value of 12.34 is 89.3% above this benchmark. Historically, MIRAI's own Debt-to-EBITDA has ranged from 11.50 to 18.72 over the past decade. While the company's 10-year median is 13.26 vs. the industry median of 6.52, MIRAI 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 REITs company?
The median Debt-to-EBITDA among REITs companies is 6.52, based on 569 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. MIRAI's current Debt-to-EBITDA of 12.34 is 89.3% 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 MIRAI. For the REITs industry, the median Debt-to-EBITDA is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIRAI's current Debt-to-EBITDA is 12.34, which is near median its own 10-year median of 13.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRAI stock overvalued right now?
MIRAI (STU:837) has a current Debt-to-EBITDA of 12.34. The stock's GF Value™ is €232.78, compared to a current price of €230.00 — trading 1.2% below its estimated fair value. The current Debt-to-EBITDA is 12.34, which is near median its 10-year median of 13.26 and 89.3% above the REITs industry median of 6.52. MIRAI's overall GF Score™ is 60/100 with 8 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 MIRAI (STU:837), the current Debt-to-EBITDA is 12.34 as of Apr. 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 MIRAI (STU:837) Overvalued in 2026?

Based on GuruFocus' analysis, MIRAI stock appears to be undervalued. The current stock price of €230.00 is trading 1.2% below its estimated GF Value™ of €232.78.

Key valuation signals for STU:837:

  • Debt-to-EBITDA: 12.34 (near median its 10-year median of 13.26)
  • GF Value™: €232.78 vs. price of €230.00 (1.2% below fair value)
  • GF Score™: 60/100 with 8 warning signs
  • Industry Position: 89.3% above the REITs median (#490 of 569)

No single metric tells the full story. See the STU:837 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MIRAI Business Description

Industry Real EstateREITs
Other Exchanges 3476:Japan
Address 3-2-1 Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065
MIRAI Corp is a Japanese real estate investment trust. The company invests in a diversified portfolio of real estate properties, including office buildings, retail properties, and hotels.
60GF Score

Get the complete analysis for STU:837

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

€230.00
Price
€232.78
GF Value