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.
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.
Area QuestTSE:8912 72 Debt-to-EBITDA is 3.15 as of Mar. 2026, which is 75% above its 10-year median of 1.80. GuruFocus rates TSE:8912 with a GF Score™ of 72/100 and a GF Value™ of 円173.19 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 1,282 Real Estate companies, Area Quest ranks better than 82.22% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
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 Area Quest's Debt-to-EBITDA or its related term are showing as below:
TSE:8912'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 0.8 Med: 1.8 Max: 2.04
Current: 1.3
During the past 13 years, the highest Debt-to-EBITDA Ratio of Area Quest was 2.04. The lowest was 0.80. And the median was 1.80.
TSE:8912's Debt-to-EBITDA is ranked better than 82.22% of 1282
companies
in the Real Estate industry
Industry Median: 5.485
vs TSE:8912: 1.30
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.
Area Quest Debt-to-EBITDA Related Terms
Area Quest Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Area Quest'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.
TSE:8912 vs CBRE, BEKE, JLL: Debt-to-EBITDA Comparison
For the Real Estate Services subindustry, Area Quest'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.
Area Quest Debt-to-EBITDA vs Real Estate Industry
For the Real Estate industry and Real Estate sector, Area Quest's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Area Quest's Debt-to-EBITDA falls into.
* 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 (Mar. 2026) EBITDA data.
Area Quest (TSE:8912) has a Debt-to-EBITDA of 3.15 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Area Quest. This is 75% above median its historical median of 1.80. Over the past decade, Area Quest's Debt-to-EBITDA has ranged from 0.80 to 2.04. According to the industry distribution chart, Area Quest ranks #228 out of 1282 companies in the Real Estate industry, placing it in the top 17.8%.
Is Area Quest's Debt-to-EBITDA too high?
Area Quest's current Debt-to-EBITDA of 3.15 is 75% above median its 10-year median of 1.80. Over the past 10 years, this metric has ranged from a low of 0.80 to a high of 2.04. The Real Estate industry median Debt-to-EBITDA is 5.49. Area Quest's value of 3.15 is 42.6% below this industry median. Based on the distribution chart, Area Quest ranks #228 out of 1282 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, Area Quest has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Area Quest's Debt-to-EBITDA compare to CBRE and BEKE?
According to the Real Estate industry distribution chart, Area Quest ranks #228 out of 1282 companies for Debt-to-EBITDA. This places Area Quest in the top 18% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 5.49. Area Quest's value of 3.15 is 42.6% below this benchmark. Historically, Area Quest's own Debt-to-EBITDA has ranged from 0.80 to 2.04 over the past decade. While the company's 10-year median is 1.80 vs. the industry median of 5.49, Area Quest 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 Real Estate company?
The median Debt-to-EBITDA among Real Estate companies is 5.49, based on 1,282 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. Area Quest's current Debt-to-EBITDA of 3.15 is 42.6% 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 Area Quest. For the Real Estate industry, the median Debt-to-EBITDA is 5.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Area Quest's current Debt-to-EBITDA is 3.15, which is 75% above median its own 10-year median of 1.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Area Quest stock overvalued right now?
Based on GuruFocus' analysis, Area Quest (TSE:8912) is currently considered Modestly Undervalued. The stock's GF Value™ is 円173.19, compared to a current price of 円154.00 — trading 11.1% below its estimated fair value. The current Debt-to-EBITDA is 3.15, which is 75% above median its 10-year median of 1.80 and 42.6% below the Real Estate industry median of 5.49. Area Quest's overall GF Score™ is 72/100 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 Area Quest (TSE:8912), the current Debt-to-EBITDA is 3.15 as of Mar. 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 Area Quest (TSE:8912) Overvalued in 2026?
Based on GuruFocus' analysis, Area Quest stock appears to be undervalued.
The current stock price of 円154.00 is trading 11.1% below its estimated GF Value™ of 円173.19.
GuruFocus considers Area Quest to be Modestly Undervalued.
Key valuation signals for TSE:8912:
Debt-to-EBITDA: 3.15 (75% above median its 10-year median of 1.80)
GF Value™: 円173.19 vs. price of 円154.00 (11.1% below fair value)
Industry Position: 42.6% below the Real Estate median (#228 of 1282)
No single metric tells the full story. See the TSE:8912 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Area Quest Inc operates as a real estate business solution provider. The business of the company includes tenant invitation, update and contract management, and building management.
72GF Score
Get the complete analysis for TSE:8912
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
TSE:8912 has been successfully added to your 
