CENTRAL REIT Investment (TSE:3488) Debt-to-EBITDA : 8.97 (As of Feb. 2026) — Near Median

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TSE:3488 CENTRAL REIT Investment Corp TSE:3488
60 GF Score
Price 円102,700.00
GF Value 円131,575.77
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is CENTRAL REIT Investment Debt-to-EBITDA?

CENTRAL REIT Investment TSE:3488 -0.10% 60 Debt-to-EBITDA is 8.97 as of Feb. 2026, which is 1% above its 10-year median of 8.89. GuruFocus rates TSE:3488 with a GF Score™ of 60/100 and a GF Value™ of 円131,575.77 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 569 REITs companies, CENTRAL REIT Investment ranks worse than 68.72% on this metric.

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

CENTRAL REIT Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円4,350 Mil. CENTRAL REIT Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円15,551 Mil. CENTRAL REIT Investment's annualized EBITDA for the quarter that ended in Feb. 2026 was 円2,218 Mil. CENTRAL REIT Investment's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 was 8.97.

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

TSE:3488' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 6.52   Med: 8.89   Max: 16.53
Current: 9

During the past 8 years, the highest Debt-to-EBITDA Ratio of CENTRAL REIT Investment was 16.53. The lowest was 6.52. And the median was 8.89.

TSE:3488's Debt-to-EBITDA is ranked worse than
68.72% of 569 companies
in the REITs industry
Industry Median: 6.52 vs TSE:3488: 9.00

CENTRAL REIT Investment  (TSE:3488) 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.


CENTRAL REIT Investment Debt-to-EBITDA Related Terms


CENTRAL REIT Investment Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for CENTRAL 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.

CENTRAL REIT Investment Debt-to-EBITDA Chart

CENTRAL REIT Investment Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Debt-to-EBITDA
Get a 7-Day Free Trial 8.51 8.74 9.51 9.15 9.04

CENTRAL REIT Investment Semi-Annual Data
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 9.24 9.06 9.04 9.04 8.97

TSE:3488 vs VICI, WPC, BNL: Debt-to-EBITDA Comparison

For the REIT - Diversified subindustry, CENTRAL 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.


CENTRAL REIT Investment Debt-to-EBITDA vs REITs Industry

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

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


TSE:3488
60GF Score
CENTRAL REIT Investment Corp TSE:3488
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CENTRAL REIT Investment Debt-to-EBITDA Calculation

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

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

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(4856 + 15045) / 2202.15
=9.04

CENTRAL REIT Investment'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
=(4350 + 15551) / 2218.36
=8.97

* 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 8.97 mean?
CENTRAL REIT Investment (TSE:3488) has a Debt-to-EBITDA of 8.97 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 CENTRAL REIT Investment. This is near median its historical median of 8.89. Over the past decade, CENTRAL REIT Investment's Debt-to-EBITDA has ranged from 6.52 to 16.53. According to the industry distribution chart, CENTRAL REIT Investment ranks #391 out of 569 companies in the REITs industry, placing it in the top 68.7%.
Is CENTRAL REIT Investment's Debt-to-EBITDA too high?
CENTRAL REIT Investment's current Debt-to-EBITDA of 8.97 is near median its 10-year median of 8.89. Over the past 10 years, this metric has ranged from a low of 6.52 to a high of 16.53. The REITs industry median Debt-to-EBITDA is 6.52. CENTRAL REIT Investment's value of 8.97 is 37.6% above this industry median. Based on the distribution chart, CENTRAL REIT Investment ranks #391 out of 569 companies in the REITs industry, which is below the industry midpoint. Overall, CENTRAL REIT Investment has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does CENTRAL REIT Investment's Debt-to-EBITDA compare to VICI and WPC?
According to the REITs industry distribution chart, CENTRAL REIT Investment ranks #391 out of 569 companies for Debt-to-EBITDA. This places CENTRAL REIT Investment in the lower half of its industry. The industry median Debt-to-EBITDA is 6.52. CENTRAL REIT Investment's value of 8.97 is 37.6% above this benchmark. Historically, CENTRAL REIT Investment's own Debt-to-EBITDA has ranged from 6.52 to 16.53 over the past decade. While the company's 10-year median is 8.89 vs. the industry median of 6.52, CENTRAL 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. CENTRAL REIT Investment's current Debt-to-EBITDA of 8.97 is 37.6% 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 CENTRAL 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. CENTRAL REIT Investment's current Debt-to-EBITDA is 8.97, which is near median its own 10-year median of 8.89. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CENTRAL REIT Investment stock overvalued right now?
Based on GuruFocus' analysis, CENTRAL REIT Investment (TSE:3488) is currently considered Modestly Undervalued. The stock's GF Value™ is 円131,575.77, compared to a current price of 円102,700.00 — trading 21.9% below its estimated fair value. The current Debt-to-EBITDA is 8.97, which is near median its 10-year median of 8.89 and 37.6% above the REITs industry median of 6.52. CENTRAL REIT Investment's overall GF Score™ is 60/100 with 4 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 CENTRAL REIT Investment (TSE:3488), the current Debt-to-EBITDA is 8.97 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 CENTRAL REIT Investment (TSE:3488) Overvalued in 2026?

Based on GuruFocus' analysis, CENTRAL REIT Investment stock appears to be undervalued. The current stock price of 円102,700.00 is trading 21.9% below its estimated GF Value™ of 円131,575.77. GuruFocus considers CENTRAL REIT Investment to be Modestly Undervalued.

Key valuation signals for TSE:3488:

  • Debt-to-EBITDA: 8.97 (near median its 10-year median of 8.89)
  • GF Value™: 円131,575.77 vs. price of 円102,700.00 (21.9% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 37.6% above the REITs median (#391 of 569)

No single metric tells the full story. See the TSE:3488 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CENTRAL REIT Investment Business Description

Industry Real EstateREITs
Address 1-11-30 Akasaka, Minato-ku, Tokyo, JPN, 107-0052
CENTRAL REIT Investment Corp, formerly XYMAX REIT Investment Corp works as a real estate manager. The company offers a range of services including leasing, managing, brokerage, consulting, and other services. It operates properties including office, retail, logistics and hotel buildings based on contract.
60GF Score

Get the complete analysis for TSE:3488

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

円102,700.00
Price
円131,575.77
GF Value