Ichigo Hotel REIT Investment (TSE:3463) Debt-to-EBITDA : 9.12 (As of Jan. 2026) — Near Median

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TSE:3463 Ichigo Hotel REIT Investment Corp TSE:3463
65 GF Score
Price 円111,500.00
GF Value 円171,820.53
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Ichigo Hotel REIT Investment Debt-to-EBITDA?

Ichigo Hotel REIT Investment TSE:3463 +1.18% 65 Debt-to-EBITDA is 9.12 as of Jan. 2026, which is 3% below its 10-year median of 9.38. GuruFocus rates TSE:3463 with a GF Score™ of 65/100 and a GF Value™ of 円171,820.53 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 575 REITs companies, Ichigo Hotel REIT Investment ranks worse than 69.04% on this metric.

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

Ichigo Hotel REIT Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was 円10,200 Mil. Ichigo Hotel REIT Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was 円27,820 Mil. Ichigo Hotel REIT Investment's annualized EBITDA for the quarter that ended in Jan. 2026 was 円4,169 Mil. Ichigo Hotel REIT Investment's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2026 was 9.12.

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

TSE:3463' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 5.97   Med: 9.38   Max: 18.85
Current: 9.21

During the past 10 years, the highest Debt-to-EBITDA Ratio of Ichigo Hotel REIT Investment was 18.85. The lowest was 5.97. And the median was 9.38.

TSE:3463's Debt-to-EBITDA is ranked worse than
69.04% of 575 companies
in the REITs industry
Industry Median: 6.56 vs TSE:3463: 9.21

Ichigo Hotel REIT Investment  (TSE:3463) 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.


Ichigo Hotel REIT Investment Debt-to-EBITDA Related Terms


Ichigo Hotel REIT Investment Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Ichigo Hotel 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.

Ichigo Hotel REIT Investment Debt-to-EBITDA Chart

Ichigo Hotel REIT Investment Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.85 16.08 11.28 10.07 5.97

Ichigo Hotel REIT Investment Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 10.32 9.83 4.08 8.80 9.12

TSE:3463 vs HST, RHP, APLE: Debt-to-EBITDA Comparison

For the REIT - Hotel & Motel subindustry, Ichigo Hotel 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.


Ichigo Hotel REIT Investment Debt-to-EBITDA vs REITs Industry

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

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


TSE:3463
65GF Score
Ichigo Hotel REIT Investment Corp TSE:3463
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ichigo Hotel REIT Investment Debt-to-EBITDA Calculation

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

Ichigo Hotel REIT Investment's Debt-to-EBITDA for the fiscal year that ended in Jul. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(2000 + 34020) / 6029.821
=5.97

Ichigo Hotel REIT Investment's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(10200 + 27820) / 4168.752
=9.12

* 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 (Jan. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 9.12 mean?
Ichigo Hotel REIT Investment (TSE:3463) has a Debt-to-EBITDA of 9.12 as of Jan. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Ichigo Hotel REIT Investment. This is near median its historical median of 9.38. Over the past decade, Ichigo Hotel REIT Investment's Debt-to-EBITDA has ranged from 5.97 to 18.85. According to the industry distribution chart, Ichigo Hotel REIT Investment ranks #397 out of 575 companies in the REITs industry, placing it in the top 69%.
Is Ichigo Hotel REIT Investment's Debt-to-EBITDA too high?
Ichigo Hotel REIT Investment's current Debt-to-EBITDA of 9.12 is near median its 10-year median of 9.38. Over the past 10 years, this metric has ranged from a low of 5.97 to a high of 18.85. The REITs industry median Debt-to-EBITDA is 6.56. Ichigo Hotel REIT Investment's value of 9.12 is 39% above this industry median. Based on the distribution chart, Ichigo Hotel REIT Investment ranks #397 out of 575 companies in the REITs industry, which is below the industry midpoint. Overall, Ichigo Hotel REIT Investment has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ichigo Hotel REIT Investment's Debt-to-EBITDA compare to HST and RHP?
According to the REITs industry distribution chart, Ichigo Hotel REIT Investment ranks #397 out of 575 companies for Debt-to-EBITDA. This places Ichigo Hotel REIT Investment in the lower half of its industry. The industry median Debt-to-EBITDA is 6.56. Ichigo Hotel REIT Investment's value of 9.12 is 39% above this benchmark. Historically, Ichigo Hotel REIT Investment's own Debt-to-EBITDA has ranged from 5.97 to 18.85 over the past decade. While the company's 10-year median is 9.38 vs. the industry median of 6.56, Ichigo Hotel 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 6.56, based on 575 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. Ichigo Hotel REIT Investment's current Debt-to-EBITDA of 9.12 is 39% 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 Ichigo Hotel REIT Investment. For the REITs industry, the median Debt-to-EBITDA is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ichigo Hotel REIT Investment's current Debt-to-EBITDA is 9.12, which is near median its own 10-year median of 9.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ichigo Hotel REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, Ichigo Hotel REIT Investment (TSE:3463) is currently considered Possible Value Trap. The stock's GF Value™ is 円171,820.53, compared to a current price of 円111,500.00 — trading 35.1% below its estimated fair value. The current Debt-to-EBITDA is 9.12, which is near median its 10-year median of 9.38 and 39% above the REITs industry median of 6.56. Ichigo Hotel REIT Investment's overall GF Score™ is 65/100 with 6 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 Ichigo Hotel REIT Investment (TSE:3463), the current Debt-to-EBITDA is 9.12 as of Jan. 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 Ichigo Hotel REIT Investment (TSE:3463) Overvalued in 2026?

Based on GuruFocus' analysis, Ichigo Hotel REIT Investment stock appears to be undervalued. The current stock price of 円111,500.00 is trading 35.1% below its estimated GF Value™ of 円171,820.53. GuruFocus considers Ichigo Hotel REIT Investment to be Possible Value Trap.

Key valuation signals for TSE:3463:

  • Debt-to-EBITDA: 9.12 (near median its 10-year median of 9.38)
  • GF Value™: 円171,820.53 vs. price of 円111,500.00 (35.1% below fair value)
  • GF Score™: 65/100 with 6 warning signs
  • Industry Position: 39% above the REITs median (#397 of 575)

No single metric tells the full story. See the TSE:3463 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ichigo Hotel REIT Investment Business Description

Industry Real EstateREITs
Address Marunouchi Park Building, 2-6-1 Marunouchi, 20th floor, Chiyoda-ku, Tokyo, JPN, 100-6920
Ichigo Hotel REIT Investment Corp operates as a real estate investment trust (REIT) investing in hotel properties. Its investment portfolio includes hotel properties in Sapporo, Kushiro, Yokohama, Tokyo, Hamamatsu, Nagoya, Tokoname, Suzuka, Kyoto, Kobe, Okayama, Osaka, Matsuyama, Hiroshima, Fukuoka and Okinawa.
65GF Score

Get the complete analysis for TSE:3463

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

円111,500.00
Price
円171,820.53
GF Value