Daiwa Securities Living Investment (TSE:8986) Debt-to-EBITDA : 9.71 (As of Mar. 2026) — 11% Below Median

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TSE:8986 Daiwa Securities Living Investment Corp TSE:8986
64 GF Score
Price 円94,900.00
GF Value 円114,050.42
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Daiwa Securities Living Investment Debt-to-EBITDA?

Daiwa Securities Living Investment TSE:8986 -0.21% 64 Debt-to-EBITDA is 9.71 as of Mar. 2026, which is 11% below its 10-year median of 10.95. GuruFocus rates TSE:8986 with a GF Score™ of 64/100 and a GF Value™ of 円114,050.42 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 569 REITs companies, Daiwa Securities Living Investment ranks worse than 74.17% on this metric.

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

Daiwa Securities Living Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円30,265 Mil. Daiwa Securities Living Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was 円174,472 Mil. Daiwa Securities Living Investment's annualized EBITDA for the quarter that ended in Mar. 2026 was 円21,093 Mil. Daiwa Securities Living Investment's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 9.71.

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 Daiwa Securities Living Investment's Debt-to-EBITDA or its related term are showing as below:

TSE:8986' s Debt-to-EBITDA Range Over the Past 10 Years
Min: 9.74   Med: 10.95   Max: 11.84
Current: 9.84

During the past 13 years, the highest Debt-to-EBITDA Ratio of Daiwa Securities Living Investment was 11.84. The lowest was 9.74. And the median was 10.95.

TSE:8986's Debt-to-EBITDA is ranked worse than
74.17% of 569 companies
in the REITs industry
Industry Median: 6.52 vs TSE:8986: 9.84

Daiwa Securities Living Investment  (TSE:8986) 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.


Daiwa Securities Living Investment Debt-to-EBITDA Related Terms


Daiwa Securities Living Investment Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Daiwa Securities Living Investment'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.

Daiwa Securities Living Investment Debt-to-EBITDA Chart

Daiwa Securities Living Investment Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.78 11.84 11.29 10.96 9.74

Daiwa Securities Living Investment Semi-Annual Data
Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25 Mar26
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 11.32 10.62 9.53 9.97 9.71

TSE:8986 vs VMRK, EQR, ESS: Debt-to-EBITDA Comparison

For the REIT - Residential subindustry, Daiwa Securities Living 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.


Daiwa Securities Living Investment Debt-to-EBITDA vs REITs Industry

For the REITs industry and Real Estate sector, Daiwa Securities Living Investment's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Daiwa Securities Living Investment's Debt-to-EBITDA falls into.


TSE:8986
64GF Score
Daiwa Securities Living Investment Corp TSE:8986
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Daiwa Securities Living Investment Debt-to-EBITDA Calculation

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

Daiwa Securities Living Investment's Debt-to-EBITDA for the fiscal year 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
=(27502 + 177235) / 21012.149
=9.74

Daiwa Securities Living Investment's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(30265 + 174472) / 21092.558
=9.71

* 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 (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 9.71 mean?
Daiwa Securities Living Investment (TSE:8986) has a Debt-to-EBITDA of 9.71 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 Daiwa Securities Living Investment. This is 11% below median its historical median of 10.95. Over the past decade, Daiwa Securities Living Investment's Debt-to-EBITDA has ranged from 9.74 to 11.84. According to the industry distribution chart, Daiwa Securities Living Investment ranks #422 out of 569 companies in the REITs industry, placing it in the top 74.2%.
Is Daiwa Securities Living Investment's Debt-to-EBITDA too high?
Daiwa Securities Living Investment's current Debt-to-EBITDA of 9.71 is 11% below median its 10-year median of 10.95. Over the past 10 years, this metric has ranged from a low of 9.74 to a high of 11.84. The REITs industry median Debt-to-EBITDA is 6.52. Daiwa Securities Living Investment's value of 9.71 is 48.9% above this industry median. Based on the distribution chart, Daiwa Securities Living Investment ranks #422 out of 569 companies in the REITs industry, which is below the industry midpoint. Overall, Daiwa Securities Living 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 Daiwa Securities Living Investment's Debt-to-EBITDA compare to VMRK and EQR?
According to the REITs industry distribution chart, Daiwa Securities Living Investment ranks #422 out of 569 companies for Debt-to-EBITDA. This places Daiwa Securities Living Investment in the lower half of its industry. The industry median Debt-to-EBITDA is 6.52. Daiwa Securities Living Investment's value of 9.71 is 48.9% above this benchmark. Historically, Daiwa Securities Living Investment's own Debt-to-EBITDA has ranged from 9.74 to 11.84 over the past decade. While the company's 10-year median is 10.95 vs. the industry median of 6.52, Daiwa Securities Living 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 6.52, based on 569 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. Daiwa Securities Living Investment's current Debt-to-EBITDA of 9.71 is 48.9% 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 Daiwa Securities Living Investment. For the REITs industry, the median Debt-to-EBITDA is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Daiwa Securities Living Investment's current Debt-to-EBITDA is 9.71, which is 11% below median its own 10-year median of 10.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Daiwa Securities Living Investment stock overvalued right now?
Based on GuruFocus' analysis, Daiwa Securities Living Investment (TSE:8986) is currently considered Modestly Undervalued. The stock's GF Value™ is 円114,050.42, compared to a current price of 円94,900.00 — trading 16.8% below its estimated fair value. The current Debt-to-EBITDA is 9.71, which is 11% below median its 10-year median of 10.95 and 48.9% above the REITs industry median of 6.52. Daiwa Securities Living 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 Daiwa Securities Living Investment (TSE:8986), the current Debt-to-EBITDA is 9.71 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 Daiwa Securities Living Investment (TSE:8986) Overvalued in 2026?

Based on GuruFocus' analysis, Daiwa Securities Living Investment stock appears to be undervalued. The current stock price of 円94,900.00 is trading 16.8% below its estimated GF Value™ of 円114,050.42. GuruFocus considers Daiwa Securities Living Investment to be Modestly Undervalued.

Key valuation signals for TSE:8986:

  • Debt-to-EBITDA: 9.71 (11% below median its 10-year median of 10.95)
  • GF Value™: 円114,050.42 vs. price of 円94,900.00 (16.8% below fair value)
  • GF Score™: 64/100 with 6 warning signs
  • Industry Position: 48.9% above the REITs median (#422 of 569)

No single metric tells the full story. See the TSE:8986 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Daiwa Securities Living Investment Business Description

Industry Real EstateREITs
Address 6-2-1 Ginza, Chuo-ku, Tokyo, JPN, 105-0004
Daiwa Securities Living Investment Corp is an investment company operating in Japan. It invests in specified assets such as real estates that are used for residential purposes which are located across Japan.
64GF Score

Get the complete analysis for TSE:8986

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

円94,900.00
Price
円114,050.42
GF Value