Wadakohsan (TSE:8931) Debt-to-EBITDA : 35.69 (As of Feb. 2026) — 202% Above 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:8931 Wadakohsan Corp TSE:8931
45 GF Score
Price 円1,410.00
! 5 Warning Signs
View Full Analysis

What is Wadakohsan Debt-to-EBITDA?

Wadakohsan TSE:8931 -0.28% 45 Debt-to-EBITDA is 35.69 as of Feb. 2026, which is 202% above its 10-year median of 11.83. GuruFocus rates TSE:8931 with a GF Score™ of 45/100. The stock has 5 warning signs investors should review. Among 1,282 Real Estate companies, Wadakohsan ranks worse than 82.68% on this metric.

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

Wadakohsan's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円20,314 Mil. Wadakohsan's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円45,190 Mil. Wadakohsan's annualized EBITDA for the quarter that ended in Feb. 2026 was 円1,835 Mil. Wadakohsan's annualized Debt-to-EBITDA for the quarter that ended in Feb. 2026 was 35.69.

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

TSE:8931' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 9.37   Med: 11.83   Max: 16.14
Current: 14.28

During the past 13 years, the highest Debt-to-EBITDA Ratio of Wadakohsan was 16.14. The lowest was 9.37. And the median was 11.83.

TSE:8931's Debt-to-EBITDA is ranked worse than
82.68% of 1282 companies
in the Real Estate industry
Industry Median: 5.485 vs TSE:8931: 14.28

Wadakohsan  (TSE:8931) 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.


Wadakohsan Debt-to-EBITDA Related Terms


Wadakohsan Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Wadakohsan'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.

Wadakohsan Debt-to-EBITDA Chart

Wadakohsan Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.15 9.37 10.28 9.60 11.62

Wadakohsan Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Feb25 May25 Aug25 Nov25 Feb26 May26
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 8.58 10.61 7.97 35.69 15.36

Wadakohsan Debt-to-EBITDA Competitor Comparison

For the Real Estate - Development subindustry, Wadakohsan'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.


Wadakohsan Debt-to-EBITDA vs Real Estate Industry

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

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


TSE:8931
45GF Score
Wadakohsan Corp TSE:8931
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Wadakohsan Debt-to-EBITDA Calculation

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

Wadakohsan's Debt-to-EBITDA for the fiscal year 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
=(20314.2 + 45190.214) / 5636.703
=11.62

Wadakohsan'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
=(20314.2 + 45190.214) / 1835.172
=35.69

* 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 (Feb. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 35.69 mean?
Wadakohsan (TSE:8931) has a Debt-to-EBITDA of 35.69 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 Wadakohsan. This is 202% above median its historical median of 11.83. Over the past decade, Wadakohsan's Debt-to-EBITDA has ranged from 9.37 to 16.14. According to the industry distribution chart, Wadakohsan ranks #1060 out of 1282 companies in the Real Estate industry, placing it in the top 82.7%.
Is Wadakohsan's Debt-to-EBITDA too high?
Wadakohsan's current Debt-to-EBITDA of 35.69 is 202% above median its 10-year median of 11.83. Over the past 10 years, this metric has ranged from a low of 9.37 to a high of 16.14. The Real Estate industry median Debt-to-EBITDA is 5.49. Wadakohsan's value of 35.69 is 550.7% above this industry median. Based on the distribution chart, Wadakohsan ranks #1060 out of 1282 companies in the Real Estate industry, which is in the bottom quartile relative to peers. Overall, Wadakohsan has a GF Score™ of 45/100, reflecting its overall financial health beyond just this single metric.
How does Wadakohsan's Debt-to-EBITDA compare to competitors?
According to the Real Estate industry distribution chart, Wadakohsan ranks #1060 out of 1282 companies for Debt-to-EBITDA. This places Wadakohsan in the lower half of its industry. The industry median Debt-to-EBITDA is 5.49. Wadakohsan's value of 35.69 is 550.7% above this benchmark. Historically, Wadakohsan's own Debt-to-EBITDA has ranged from 9.37 to 16.14 over the past decade. While the company's 10-year median is 11.83 vs. the industry median of 5.49, Wadakohsan 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 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. Wadakohsan's current Debt-to-EBITDA of 35.69 is 550.7% 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 Wadakohsan. 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. Wadakohsan's current Debt-to-EBITDA is 35.69, which is 202% above median its own 10-year median of 11.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Wadakohsan stock overvalued right now?
Wadakohsan (TSE:8931) has a current Debt-to-EBITDA of 35.69. The current Debt-to-EBITDA is 35.69, which is 202% above median its 10-year median of 11.83 and 550.7% above the Real Estate industry median of 5.49. Wadakohsan's overall GF Score™ is 45/100 with 5 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 Wadakohsan (TSE:8931), the current Debt-to-EBITDA is 35.69 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.

Wadakohsan Business Description

Address 4-2-13, Sakaemachidori, Chuo-ku, Kobe, JPN, 6500023
Wadakohsan Corp is a Japan-based company engages in the development and sales of condominiums, detached houses, and residential land. It is also engaged in leasing and managing condominiums, stores, and parking lots. The company's business segment includes Condominium sales, single-family home sales, Other real estate sales, Real estate rental, income Other. The company generates the majority of its revenue from Condominium sales.
45GF Score

Get the complete analysis for TSE:8931

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

円1,410.00
Price