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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 Starts Proceed Investment's Debt-to-EBITDA or its related term are showing as below:
TSE:8979'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 9.74 Med: 11.32 Max: 11.91
Current: 11.32
During the past 13 years, the highest Debt-to-EBITDA Ratio of Starts Proceed Investment was 11.91. The lowest was 9.74. And the median was 11.32.
TSE:8979's Debt-to-EBITDA is ranked worse than 80.94% of 577
companies
in the REITs industry
Industry Median: 6.56
vs TSE:8979: 11.32
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.
Starts Proceed Investment Debt-to-EBITDA Related Terms
Starts Proceed Investment Debt-to-EBITDA Historical Data
* 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:8979 vs AVB, EQR, ESS: Debt-to-EBITDA Comparison
For the REIT - Residential subindustry, Starts Proceed 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.
Starts Proceed Investment Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Starts Proceed Investment's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Starts Proceed Investment'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 two times the quarterly (Oct. 2025) EBITDA data.
Starts Proceed Investment (TSE:8979) has a Debt-to-EBITDA of 11.64 as of Oct. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Starts Proceed Investment. This is near median its historical median of 11.32. Over the past decade, Starts Proceed Investment's Debt-to-EBITDA has ranged from 9.74 to 11.91. According to the industry distribution chart, Starts Proceed Investment ranks #467 out of 577 companies in the REITs industry, placing it in the top 80.9%.
Is Starts Proceed Investment's Debt-to-EBITDA too high?
Starts Proceed Investment's current Debt-to-EBITDA of 11.64 is near median its 10-year median of 11.32. Over the past 10 years, this metric has ranged from a low of 9.74 to a high of 11.91. The REITs industry median Debt-to-EBITDA is 6.56. Starts Proceed Investment's value of 11.64 is 77.4% above this industry median. Based on the distribution chart, Starts Proceed Investment ranks #467 out of 577 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Starts Proceed Investment has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Starts Proceed Investment's Debt-to-EBITDA compare to AVB and EQR?
According to the REITs industry distribution chart, Starts Proceed Investment ranks #467 out of 577 companies for Debt-to-EBITDA. This places Starts Proceed Investment in the lower half of its industry. The industry median Debt-to-EBITDA is 6.56. Starts Proceed Investment's value of 11.64 is 77.4% above this benchmark. Historically, Starts Proceed Investment's own Debt-to-EBITDA has ranged from 9.74 to 11.91 over the past decade. While the company's 10-year median is 11.32 vs. the industry median of 6.56, Starts Proceed 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 6.56, based on 577 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. Starts Proceed Investment's current Debt-to-EBITDA of 11.64 is 77.4% 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 Starts Proceed Investment. For the REITs industry, the median Debt-to-EBITDA is 6.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Starts Proceed Investment's current Debt-to-EBITDA is 11.64, which is near median its own 10-year median of 11.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Starts Proceed Investment stock overvalued right now?
Based on GuruFocus' analysis, Starts Proceed Investment (TSE:8979) is currently considered Modestly Undervalued. The stock's GF Value™ is 円212,284.80, compared to a current price of 円184,500.00 — trading 13.1% below its estimated fair value. The current Debt-to-EBITDA is 11.64, which is near median its 10-year median of 11.32 and 77.4% above the REITs industry median of 6.56. Starts Proceed Investment's overall GF Score™ is 64/100 with 6 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 Starts Proceed Investment (TSE:8979), the current Debt-to-EBITDA is 11.64 as of Oct. 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 Starts Proceed Investment (TSE:8979) Overvalued in 2026?
Based on GuruFocus' analysis, Starts Proceed Investment stock appears to be undervalued.
The current stock price of 円184,500.00 is trading 13.1% below its estimated GF Value™ of 円212,284.80.
GuruFocus considers Starts Proceed Investment to be Modestly Undervalued.
Key valuation signals for TSE:8979:
Debt-to-EBITDA: 11.64 (near median its 10-year median of 11.32)
GF Value™: 円212,284.80 vs. price of 円184,500.00 (13.1% below fair value)
Industry Position: 77.4% above the REITs median (#467 of 577)
No single metric tells the full story. See the TSE:8979 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Starts Proceed Investment Corp operates as a REIT in Japan. The Company invests in lease real estate properties, short-term leasing apartments, and special feature business hotel.
64GF Score
Get the complete analysis for TSE:8979
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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