One REIT (TSE:3290) Debt-to-EBITDA : 11.36 (As of Feb. 2026) — Near Median

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TSE:3290 One REIT Inc TSE:3290
52 GF Score
Price 円77,500.00
GF Value 円88,894.21
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is One REIT Debt-to-EBITDA?

One REIT TSE:3290 -0.39% 52 Debt-to-EBITDA is 11.36 as of Feb. 2026, which is 5% below its 10-year median of 11.95. GuruFocus rates TSE:3290 with a GF Score™ of 52/100 and a GF Value™ of 円88,894.21 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 574 REITs companies, One REIT ranks worse than 76.66% on this metric.

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

One REIT's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円12,120 Mil. One REIT's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円53,274 Mil. One REIT's annualized EBITDA for the quarter that ended in Feb. 2026 was 円5,755 Mil. One REIT's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 was 11.36.

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

TSE:3290' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 9.33   Med: 11.95   Max: 13.43
Current: 10.46

During the past 11 years, the highest Debt-to-EBITDA Ratio of One REIT was 13.43. The lowest was 9.33. And the median was 11.95.

TSE:3290's Debt-to-EBITDA is ranked worse than
76.66% of 574 companies
in the REITs industry
Industry Median: 6.565 vs TSE:3290: 10.46

One REIT  (TSE:3290) 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.


One REIT Debt-to-EBITDA Related Terms


One REIT Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for One REIT'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.

One REIT Debt-to-EBITDA Chart

One REIT Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.90 10.79 11.52 12.43 12.39

One REIT Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
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 12.53 12.26 10.89 9.69 11.36

TSE:3290 vs BXP, ARE, VNO: Debt-to-EBITDA Comparison

For the REIT - Office subindustry, One REIT'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.


One REIT Debt-to-EBITDA vs REITs Industry

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

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


TSE:3290
52GF Score
One REIT Inc TSE:3290
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

One REIT Debt-to-EBITDA Calculation

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

One REIT's Debt-to-EBITDA for the fiscal year that ended in Aug. 2024 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(14000 + 51494) / 5285.42
=12.39

One REIT's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(12120 + 53274) / 5755.476
=11.36

* 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 (Feb. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 11.36 mean?
One REIT (TSE:3290) has a Debt-to-EBITDA of 11.36 as of Feb. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on One REIT. This is near median its historical median of 11.95. Over the past decade, One REIT's Debt-to-EBITDA has ranged from 9.33 to 13.43. According to the industry distribution chart, One REIT ranks #440 out of 574 companies in the REITs industry, placing it in the top 76.7%.
Is One REIT's Debt-to-EBITDA too high?
One REIT's current Debt-to-EBITDA of 11.36 is near median its 10-year median of 11.95. Over the past 10 years, this metric has ranged from a low of 9.33 to a high of 13.43. The REITs industry median Debt-to-EBITDA is 6.57. One REIT's value of 11.36 is 73% above this industry median. Based on the distribution chart, One REIT ranks #440 out of 574 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, One REIT has a GF Score™ of 52/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does One REIT's Debt-to-EBITDA compare to BXP and ARE?
According to the REITs industry distribution chart, One REIT ranks #440 out of 574 companies for Debt-to-EBITDA. This places One REIT in the lower half of its industry. The industry median Debt-to-EBITDA is 6.57. One REIT's value of 11.36 is 73% above this benchmark. Historically, One REIT's own Debt-to-EBITDA has ranged from 9.33 to 13.43 over the past decade. While the company's 10-year median is 11.95 vs. the industry median of 6.57, One REIT 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 6.57, based on 574 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. One REIT's current Debt-to-EBITDA of 11.36 is 73% 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 One REIT. For the REITs industry, the median Debt-to-EBITDA is 6.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. One REIT's current Debt-to-EBITDA is 11.36, which is near median its own 10-year median of 11.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One REIT stock overvalued right now?
Based on GuruFocus' analysis, One REIT (TSE:3290) is currently considered Modestly Undervalued. The stock's GF Value™ is 円88,894.21, compared to a current price of 円77,500.00 — trading 12.8% below its estimated fair value. The current Debt-to-EBITDA is 11.36, which is near median its 10-year median of 11.95 and 73% above the REITs industry median of 6.57. One REIT's overall GF Score™ is 52/100 with 7 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 One REIT (TSE:3290), the current Debt-to-EBITDA is 11.36 as of Feb. 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 One REIT (TSE:3290) Overvalued in 2026?

Based on GuruFocus' analysis, One REIT stock appears to be undervalued. The current stock price of 円77,500.00 is trading 12.8% below its estimated GF Value™ of 円88,894.21. GuruFocus considers One REIT to be Modestly Undervalued.

Key valuation signals for TSE:3290:

  • Debt-to-EBITDA: 11.36 (near median its 10-year median of 11.95)
  • GF Value™: 円88,894.21 vs. price of 円77,500.00 (12.8% below fair value)
  • GF Score™: 52/100 with 7 warning signs
  • Industry Position: 73% above the REITs median (#440 of 574)

No single metric tells the full story. See the TSE:3290 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


One REIT Business Description

Industry Real EstateREITs
Address 1-5-5 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0013
One REIT Inc operates as a real estate investment trust. The company invest in commercial real estate and office buildings in Japan. It operates in a single segment, which is real estate leasing.
52GF Score

Get the complete analysis for TSE:3290

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

円77,500.00
Price
円88,894.21
GF Value