TOIN (TSE:7923) Debt-to-EBITDA : 1.87 (As of Sep. 2025) — 46% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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:7923 TOIN Corp TSE:7923
50 GF Score
Price 円1,178.00
GF Value 円719.30
! 8 Warning Signs
View Full Analysis

What is TOIN Debt-to-EBITDA?

TOIN TSE:7923 -0.51% 50 Debt-to-EBITDA is 1.87 as of Sep. 2025, which is 46% below its 10-year median of 3.49. GuruFocus rates TSE:7923 with a GF Score™ of 50/100 and a GF Value™ of 円719.30. The stock has 8 warning signs investors should review.

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

TOIN's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was 円1,193 Mil. TOIN's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Sep. 2025 was 円2,292 Mil. TOIN's annualized EBITDA for the quarter that ended in Sep. 2025 was 円1,862 Mil. TOIN's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2025 was 1.87.

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

TSE:7923' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 1.95   Med: 3.49   Max: 5.35
Current: 1.95

During the past 13 years, the highest Debt-to-EBITDA Ratio of TOIN was 5.35. The lowest was 1.95. And the median was 3.49.

TSE:7923's Debt-to-EBITDA is not ranked
in the Packaging & Containers industry.
Industry Median: 2.49 vs TSE:7923: 1.95

TOIN  (TSE:7923) 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.


TOIN Debt-to-EBITDA Related Terms


TOIN Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for TOIN'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.

TOIN Debt-to-EBITDA Chart

TOIN Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.62 4.59 3.35 2.83 2.34

TOIN Semi-Annual Data
Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
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 2.97 2.57 2.70 2.29 1.87

TSE:7923 vs SW, PKG, IP: Debt-to-EBITDA Comparison

For the Packaging & Containers subindustry, TOIN'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.


TOIN Debt-to-EBITDA vs Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, TOIN's Debt-to-EBITDA distribution charts can be found below:

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


TSE:7923
50GF Score
TOIN Corp TSE:7923
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

TOIN Debt-to-EBITDA Calculation

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

TOIN's Debt-to-EBITDA for the fiscal year that ended in Mar. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1189.937 + 2738.681) / 1676.256
=2.34

TOIN's annualized Debt-to-EBITDA for the quarter that ended in Sep. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1193.4 + 2291.9) / 1862.1
=1.87

* 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 (Sep. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 1.87 mean?
TOIN (TSE:7923) has a Debt-to-EBITDA of 1.87 as of Sep. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on TOIN. This is 46% below median its historical median of 3.49. Over the past decade, TOIN's Debt-to-EBITDA has ranged from 1.95 to 5.35.
Is TOIN's Debt-to-EBITDA too high?
TOIN's current Debt-to-EBITDA of 1.87 is 46% below median its 10-year median of 3.49. Over the past 10 years, this metric has ranged from a low of 1.95 to a high of 5.35. The Packaging & Containers industry median Debt-to-EBITDA is 2.49. TOIN's value of 1.87 is 24.9% below this industry median. Overall, TOIN has a GF Score™ of 50/100, reflecting its overall financial health beyond just this single metric.
How does TOIN's Debt-to-EBITDA compare to SW and PKG?
TOIN's Debt-to-EBITDA of 1.87 can be compared against companies in the Packaging & Containers industry. The industry median Debt-to-EBITDA is 2.49. TOIN's value of 1.87 is 24.9% below this benchmark. Historically, TOIN's own Debt-to-EBITDA has ranged from 1.95 to 5.35 over the past decade. While the company's 10-year median is 3.49 vs. the industry median of 2.49, TOIN has consistently been below 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 Packaging & Containers company?
The median Debt-to-EBITDA among Packaging & Containers companies is 2.49, based on 336 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. TOIN's current Debt-to-EBITDA of 1.87 is 24.9% below 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 TOIN. For the Packaging & Containers industry, the median Debt-to-EBITDA is 2.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TOIN's current Debt-to-EBITDA is 1.87, which is 46% below median its own 10-year median of 3.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOIN stock overvalued right now?
TOIN (TSE:7923) has a current Debt-to-EBITDA of 1.87. The stock's GF Value™ is 円719.30, compared to a current price of 円1,178.00 — trading 63.8% above its estimated fair value. The current Debt-to-EBITDA is 1.87, which is 46% below median its 10-year median of 3.49 and 24.9% below the Packaging & Containers industry median of 2.49. TOIN's overall GF Score™ is 50/100 with 8 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 TOIN (TSE:7923), the current Debt-to-EBITDA is 1.87 as of Sep. 2025. 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 TOIN (TSE:7923) Overvalued in 2026?

Based on GuruFocus' analysis, TOIN stock appears to be overvalued. The current stock price of 円1,178.00 is trading 63.8% above its estimated GF Value™ of 円719.30.

Key valuation signals for TSE:7923:

  • Debt-to-EBITDA: 1.87 (46% below median its 10-year median of 3.49)
  • GF Value™: 円719.30 vs. price of 円1,178.00 (63.8% above fair value)
  • GF Score™: 50/100 with 8 warning signs
  • Industry Position: 24.9% below the Packaging & Containers median

No single metric tells the full story. See the TSE:7923 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


TOIN Business Description

Address 1-4-2 Kameido, Koto-ku, Tokyo, JPN
TOIN Corp is engaged in manufacturing of paper containers like food, confectionary, cosmetics, pharmaceuticals, and resin packages. The company is also engaged in the manufacture and sale of labels, contract packaging of quasi-drugs, and food, and precision coating contract work for electronic equipment components such as functional films, and is working to expand its business in a diversified manner based on printing technology.
50GF Score

Get the complete analysis for TSE:7923

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

円1,178.00
Price
円719.30
GF Value