TRaaS On Product (TSE:6696) Debt-to-EBITDA : 2.27 (As of Jan. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:6696 TRaaS On Product Inc TSE:6696
45 GF Score
Price 円318.00
GF Value 円469.89
Valuation Possible Value Trap
! 2 Warning Signs
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What is TRaaS On Product Debt-to-EBITDA?

TRaaS On Product TSE:6696 +0.63% 45 Debt-to-EBITDA is 2.27 as of Jan. 2026. GuruFocus rates TSE:6696 with a GF Score™ of 45/100 and a GF Value™ of 円469.89 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,806 Hardware companies, TRaaS On Product ranks worse than 55370.93% on this metric.

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

TRaaS On Product's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was 円29.0 Mil. TRaaS On Product's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jan. 2026 was 円122.7 Mil. TRaaS On Product's annualized EBITDA for the quarter that ended in Jan. 2026 was 円66.9 Mil. TRaaS On Product's annualized Debt-to-EBITDA for the quarter that ended in Jan. 2026 was 2.27.

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 TRaaS On Product's Debt-to-EBITDA or its related term are showing as below:

TSE:6696' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -16.06   Med: -0.31   Max: 1.94
Current: -2.33

During the past 11 years, the highest Debt-to-EBITDA Ratio of TRaaS On Product was 1.94. The lowest was -16.06. And the median was -0.31.

TSE:6696's Debt-to-EBITDA is ranked worse than
100% of 1806 companies
in the Hardware industry
Industry Median: 1.69 vs TSE:6696: -2.33

TRaaS On Product  (TSE:6696) 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.


TRaaS On Product Debt-to-EBITDA Related Terms


TRaaS On Product Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for TRaaS On Product'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.

TRaaS On Product Debt-to-EBITDA Chart

TRaaS On Product Annual Data
Trend Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24 Jan25 Jan26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.14 -16.06 -0.83 1.94 -9.88

TRaaS On Product Quarterly Data
Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Jan25 Apr25 Jul25 Oct25 Jan26 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 1.63 2.54 -0.83 2.27 -0.95

TSE:6696 vs CSCO, MSI, LITE: Debt-to-EBITDA Comparison

For the Communication Equipment subindustry, TRaaS On Product'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.


TRaaS On Product Debt-to-EBITDA vs Hardware Industry

For the Hardware industry and Technology sector, TRaaS On Product's Debt-to-EBITDA distribution charts can be found below:

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


TSE:6696
45GF Score
TRaaS On Product Inc TSE:6696
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TRaaS On Product Debt-to-EBITDA Calculation

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

TRaaS On Product's Debt-to-EBITDA for the fiscal year 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
=(28.992 + 122.678) / -15.358
=-9.88

TRaaS On Product'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
=(28.992 + 122.678) / 66.856
=2.27

* 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 four times the quarterly (Jan. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 2.27 mean?
TRaaS On Product (TSE:6696) has a Debt-to-EBITDA of 2.27 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 TRaaS On Product. According to the industry distribution chart, TRaaS On Product ranks #999999 out of 1806 companies in the Hardware industry.
Is TRaaS On Product's Debt-to-EBITDA too high?
TRaaS On Product's current Debt-to-EBITDA is 2.27. The Hardware industry median Debt-to-EBITDA is 1.69. TRaaS On Product's value of 2.27 is 34.3% above this industry median. Based on the distribution chart, TRaaS On Product ranks #999999 out of 1806 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, TRaaS On Product has a GF Score™ of 45/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does TRaaS On Product's Debt-to-EBITDA compare to CSCO and MSI?
According to the Hardware industry distribution chart, TRaaS On Product ranks #999999 out of 1806 companies for Debt-to-EBITDA. This places TRaaS On Product in the lower half of its industry. The industry median Debt-to-EBITDA is 1.69. TRaaS On Product's value of 2.27 is 34.3% above this benchmark. 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 Hardware company?
The median Debt-to-EBITDA among Hardware companies is 1.69, based on 1,806 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. TRaaS On Product's current Debt-to-EBITDA of 2.27 is 34.3% 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 TRaaS On Product. For the Hardware industry, the median Debt-to-EBITDA is 1.69 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TRaaS On Product's current Debt-to-EBITDA is 2.27. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TRaaS On Product stock overvalued right now?
Based on GuruFocus' analysis, TRaaS On Product (TSE:6696) is currently considered Possible Value Trap. The stock's GF Value™ is 円469.89, compared to a current price of 円318.00 — trading 32.3% below its estimated fair value. The current Debt-to-EBITDA is 2.27 and 34.3% above the Hardware industry median of 1.69. TRaaS On Product's overall GF Score™ is 45/100 with 2 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 TRaaS On Product (TSE:6696), the current Debt-to-EBITDA is 2.27 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 TRaaS On Product (TSE:6696) Overvalued in 2026?

Based on GuruFocus' analysis, TRaaS On Product stock appears to be undervalued. The current stock price of 円318.00 is trading 32.3% below its estimated GF Value™ of 円469.89. GuruFocus considers TRaaS On Product to be Possible Value Trap.

Key valuation signals for TSE:6696:

  • Debt-to-EBITDA: 2.27
  • GF Value™: 円469.89 vs. price of 円318.00 (32.3% below fair value)
  • GF Score™: 45/100 with 2 warning signs
  • Industry Position: 34.3% above the Hardware median (#999999 of 1806)

No single metric tells the full story. See the TSE:6696 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TRaaS On Product Business Description

Address 2-9-30 Kitasaiwai, Nishi Ward, Yokohama Nishiguchi Kato Building2nd floor, Kanagawa Prefecture, Yokohama, JPN, 220-0004
TRaaS On Product Inc is engaged in telecommunications, followed by the IT revolution, and manufacturing in which the subject of value shifted to something different.
45GF Score

Get the complete analysis for TSE:6696

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

円318.00
Price
円469.89
GF Value