Tosei Reit Investment (TSE:3451) Debt-to-EBITDA : 9.69 (As of Apr. 2026) — Near Median

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TSE:3451 Tosei Reit Investment Corp TSE:3451
57 GF Score
Price 円130,500.00
GF Value 円142,925.47
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Tosei Reit Investment Debt-to-EBITDA?

Tosei Reit Investment TSE:3451 -0.61% 57 Debt-to-EBITDA is 9.69 as of Apr. 2026, which is 6% below its 10-year median of 10.29. GuruFocus rates TSE:3451 with a GF Score™ of 57/100 and a GF Value™ of 円142,925.47 (Fairly Valued). The stock has 5 warning signs investors should review. Among 569 REITs companies, Tosei Reit Investment ranks worse than 73.64% on this metric.

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

Tosei Reit Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was 円8,800 Mil. Tosei Reit Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Apr. 2026 was 円34,700 Mil. Tosei Reit Investment's annualized EBITDA for the quarter that ended in Apr. 2026 was 円4,489 Mil. Tosei Reit Investment's annualized Debt-to-EBITDA for the quarter that ended in Apr. 2026 was 9.69.

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 Tosei Reit Investment's Debt-to-EBITDA or its related term are showing as below:

TSE:3451' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 9.29   Med: 10.29   Max: 10.66
Current: 9.8

During the past 11 years, the highest Debt-to-EBITDA Ratio of Tosei Reit Investment was 10.66. The lowest was 9.29. And the median was 10.29.

TSE:3451's Debt-to-EBITDA is ranked worse than
73.64% of 569 companies
in the REITs industry
Industry Median: 6.52 vs TSE:3451: 9.80

Tosei Reit Investment  (TSE:3451) 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.


Tosei Reit Investment Debt-to-EBITDA Related Terms


Tosei Reit Investment Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Tosei Reit Investment'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.

Tosei Reit Investment Debt-to-EBITDA Chart

Tosei Reit Investment 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 10.28 10.66 10.43 10.30 10.03

Tosei Reit Investment Semi-Annual Data
Oct16 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 10.44 10.16 10.00 9.92 9.69

TSE:3451 vs VICI, WPC: Debt-to-EBITDA Comparison

For the REIT - Diversified subindustry, Tosei Reit Investment'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.


Tosei Reit Investment Debt-to-EBITDA vs REITs Industry

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

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


TSE:3451
57GF Score
Tosei Reit Investment Corp TSE:3451
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tosei Reit Investment Debt-to-EBITDA Calculation

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

Tosei Reit Investment'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
=(8900 + 34600) / 4336.745
=10.03

Tosei Reit Investment'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
=(8800 + 34700) / 4489.156
=9.69

* 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 9.69 mean?
Tosei Reit Investment (TSE:3451) has a Debt-to-EBITDA of 9.69 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 Tosei Reit Investment. This is near median its historical median of 10.29. Over the past decade, Tosei Reit Investment's Debt-to-EBITDA has ranged from 9.29 to 10.66. According to the industry distribution chart, Tosei Reit Investment ranks #419 out of 569 companies in the REITs industry, placing it in the top 73.6%.
Is Tosei Reit Investment's Debt-to-EBITDA too high?
Tosei Reit Investment's current Debt-to-EBITDA of 9.69 is near median its 10-year median of 10.29. Over the past 10 years, this metric has ranged from a low of 9.29 to a high of 10.66. The REITs industry median Debt-to-EBITDA is 6.52. Tosei Reit Investment's value of 9.69 is 48.6% above this industry median. Based on the distribution chart, Tosei Reit Investment ranks #419 out of 569 companies in the REITs industry, which is below the industry midpoint. Overall, Tosei Reit Investment has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tosei Reit Investment's Debt-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, Tosei Reit Investment ranks #419 out of 569 companies for Debt-to-EBITDA. This places Tosei Reit Investment in the lower half of its industry. The industry median Debt-to-EBITDA is 6.52. Tosei Reit Investment's value of 9.69 is 48.6% above this benchmark. Historically, Tosei Reit Investment's own Debt-to-EBITDA has ranged from 9.29 to 10.66 over the past decade. While the company's 10-year median is 10.29 vs. the industry median of 6.52, Tosei Reit Investment 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. Tosei Reit Investment's current Debt-to-EBITDA of 9.69 is 48.6% 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 Tosei Reit Investment. 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. Tosei Reit Investment's current Debt-to-EBITDA is 9.69, which is near median its own 10-year median of 10.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tosei Reit Investment stock overvalued right now?
Based on GuruFocus' analysis, Tosei Reit Investment (TSE:3451) is currently considered Fairly Valued. The stock's GF Value™ is 円142,925.47, compared to a current price of 円130,500.00 — trading 8.7% below its estimated fair value. The current Debt-to-EBITDA is 9.69, which is near median its 10-year median of 10.29 and 48.6% above the REITs industry median of 6.52. Tosei Reit Investment's overall GF Score™ is 57/100 with 5 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 Tosei Reit Investment (TSE:3451), the current Debt-to-EBITDA is 9.69 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 Tosei Reit Investment (TSE:3451) Overvalued in 2026?

Based on GuruFocus' analysis, Tosei Reit Investment stock appears to be undervalued. The current stock price of 円130,500.00 is trading 8.7% below its estimated GF Value™ of 円142,925.47. GuruFocus considers Tosei Reit Investment to be Fairly Valued.

Key valuation signals for TSE:3451:

  • Debt-to-EBITDA: 9.69 (near median its 10-year median of 10.29)
  • GF Value™: 円142,925.47 vs. price of 円130,500.00 (8.7% below fair value)
  • GF Score™: 57/100 with 5 warning signs
  • Industry Position: 48.6% above the REITs median (#419 of 569)

No single metric tells the full story. See the TSE:3451 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tosei Reit Investment Business Description

Industry Real EstateREITs
Address 4-5-4 Shibaura, Tamachi Tosei Building, Minato-ku, Tokyo, JPN
Tosei Reit Investment Corp is a Japanese company operating in the real estate industry. The company invests in real estate and other assets and the investments are spread across Offices, Commercial facility and Housing.
57GF Score

Get the complete analysis for TSE:3451

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

円130,500.00
Price
円142,925.47
GF Value