MIRARTH Real Estate Investment (TSE:3492) Debt-to-Equity: 1.06 (As of Feb. 2026) — Near 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:3492 MIRARTH Real Estate Investment Corp TSE:3492
51 GF Score
Price 円79,900.00
GF Value 円109,534.65
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is MIRARTH Real Estate Investment Debt-to-Equity?

MIRARTH Real Estate Investment TSE:3492 +0.38% 51 Debt-to-Equity is 1.06 as of Feb. 2026, which is 9% above its 10-year median of 0.97. GuruFocus rates TSE:3492 with a GF Score™ of 51/100 and a GF Value™ of 円109,534.65 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 683 REITs companies, MIRARTH Real Estate Investment ranks worse than 70.57% on this metric.

MIRARTH Real Estate Investment's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円22,235 Mil. MIRARTH Real Estate Investment's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Feb. 2026 was 円73,710 Mil. MIRARTH Real Estate Investment's Total Stockholders Equity for the quarter that ended in Feb. 2026 was 円90,439 Mil. MIRARTH Real Estate Investment's debt to equity for the quarter that ended in Feb. 2026 was 1.06.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for MIRARTH Real Estate Investment's Debt-to-Equity or its related term are showing as below:

TSE:3492' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.93   Med: 0.97   Max: 1.08
Current: 1.06

During the past 8 years, the highest Debt-to-Equity Ratio of MIRARTH Real Estate Investment was 1.08. The lowest was 0.93. And the median was 0.97.

TSE:3492's Debt-to-Equity is ranked worse than
70.57% of 683 companies
in the REITs industry
Industry Median: 0.78 vs TSE:3492: 1.06

MIRARTH Real Estate Investment  (TSE:3492) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


MIRARTH Real Estate Investment Debt-to-Equity Related Terms


MIRARTH Real Estate Investment Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for MIRARTH Real Estate Investment's Debt-to-Equity 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.

MIRARTH Real Estate Investment Debt-to-Equity Chart

MIRARTH Real Estate Investment Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
Debt-to-Equity
Get a 7-Day Free Trial 0.93 0.98 0.95 0.98 1.01

MIRARTH Real Estate Investment Semi-Annual Data
Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Debt-to-Equity 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 0.95 0.98 1.01 1.01 1.06

TSE:3492 vs VICI, WPC: Debt-to-Equity Comparison

For the REIT - Diversified subindustry, MIRARTH Real Estate Investment's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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.


MIRARTH Real Estate Investment Debt-to-Equity vs REITs Industry

For the REITs industry and Real Estate sector, MIRARTH Real Estate Investment's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where MIRARTH Real Estate Investment's Debt-to-Equity falls into.


TSE:3492
51GF Score
MIRARTH Real Estate Investment Corp TSE:3492
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MIRARTH Real Estate Investment Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

MIRARTH Real Estate Investment's Debt to Equity Ratio for the fiscal year that ended in Aug. 2025 is calculated as

MIRARTH Real Estate Investment's Debt to Equity Ratio for the quarter that ended in Feb. 2026 is calculated as

* 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.

Frequently Asked Questions Learn more about Debt-to-Equity →
What does a Debt-to-Equity of 1.06 mean?
MIRARTH Real Estate Investment (TSE:3492) has a Debt-to-Equity of 1.06 as of Feb. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on MIRARTH Real Estate Investment and its competitors. This is near median its historical median of 0.97. Over the past decade, MIRARTH Real Estate Investment's Debt-to-Equity has ranged from 0.93 to 1.08. According to the industry distribution chart, MIRARTH Real Estate Investment ranks #482 out of 683 companies in the REITs industry, placing it in the top 70.6%.
Is MIRARTH Real Estate Investment's Debt-to-Equity too high?
MIRARTH Real Estate Investment's current Debt-to-Equity of 1.06 is near median its 10-year median of 0.97. Over the past 10 years, this metric has ranged from a low of 0.93 to a high of 1.08. The REITs industry median Debt-to-Equity is 0.78. MIRARTH Real Estate Investment's value of 1.06 is 35.9% above this industry median. Based on the distribution chart, MIRARTH Real Estate Investment ranks #482 out of 683 companies in the REITs industry, which is below the industry midpoint. Overall, MIRARTH Real Estate Investment has a GF Score™ of 51/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does MIRARTH Real Estate Investment's Debt-to-Equity compare to VICI and WPC?
According to the REITs industry distribution chart, MIRARTH Real Estate Investment ranks #482 out of 683 companies for Debt-to-Equity. This places MIRARTH Real Estate Investment in the lower half of its industry. The industry median Debt-to-Equity is 0.78. MIRARTH Real Estate Investment's value of 1.06 is 35.9% above this benchmark. Historically, MIRARTH Real Estate Investment's own Debt-to-Equity has ranged from 0.93 to 1.08 over the past decade. While the company's 10-year median is 0.97 vs. the industry median of 0.78, MIRARTH Real Estate 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-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 683 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. MIRARTH Real Estate Investment's current Debt-to-Equity of 1.06 is 35.9% 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-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on MIRARTH Real Estate Investment and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MIRARTH Real Estate Investment's current Debt-to-Equity is 1.06, which is near median its own 10-year median of 0.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MIRARTH Real Estate Investment stock overvalued right now?
Based on GuruFocus' analysis, MIRARTH Real Estate Investment (TSE:3492) is currently considered Modestly Undervalued. The stock's GF Value™ is 円109,534.65, compared to a current price of 円79,900.00 — trading 27.1% below its estimated fair value. The current Debt-to-Equity is 1.06, which is near median its 10-year median of 0.97 and 35.9% above the REITs industry median of 0.78. MIRARTH Real Estate Investment's overall GF Score™ is 51/100 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-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For MIRARTH Real Estate Investment (TSE:3492), the current Debt-to-Equity is 1.06 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.

Is MIRARTH Real Estate Investment (TSE:3492) Overvalued in 2026?

Based on GuruFocus' analysis, MIRARTH Real Estate Investment stock appears to be undervalued. The current stock price of 円79,900.00 is trading 27.1% below its estimated GF Value™ of 円109,534.65. GuruFocus considers MIRARTH Real Estate Investment to be Modestly Undervalued.

Key valuation signals for TSE:3492:

  • Debt-to-Equity: 1.06 (near median its 10-year median of 0.97)
  • GF Value™: 円109,534.65 vs. price of 円79,900.00 (27.1% below fair value)
  • GF Score™: 51/100 with 5 warning signs
  • Industry Position: 35.9% above the REITs median (#482 of 683)

No single metric tells the full story. See the TSE:3492 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MIRARTH Real Estate Investment Business Description

Industry Real EstateREITs
Address 2-2-1 Otemachi, Shin-Otemachi Building, 3rd Floor, Chiyoda-ku, Tokyo, JPN, 107-0052
MIRARTH Real Estate Investment Corp is a J-REIT that invests in residential properties, as well as office buildings, retail facilities, hotels, and other properties. It aims to build a diverse, comprehensive portfolio consisting of residential, office, hotel, commercial, and other properties by maximizing the strengths of each sponsor company through property development, property revitalization, and flexible property acquisition in the external real estate market.
51GF Score

Get the complete analysis for TSE:3492

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

円79,900.00
Price
円109,534.65
GF Value