One REIT (TSE:3290) EBIT: 円5,031 Mil (TTM As of Feb. 2026)


TSE:3290 One REIT Inc TSE:3290
55 GF Score
Price 円75,100.00
GF Value 円89,294.41
Valuation Modestly Undervalued
! 7 Warning Signs
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What is One REIT EBIT?

One REIT TSE:3290 +0.27% 55 EBIT is 円5,031 Mil as of Feb. 2026. GuruFocus rates TSE:3290 with a GF Score™ of 55/100 and a GF Value™ of 円89,294.41 (Modestly Undervalued). The stock has 7 warning signs investors should review.

One REIT's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was 円2,262 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was 円5,031 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. One REIT's annualized ROC % for the quarter that ended in Feb. 2026 was 3.49%. One REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 3.52%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. One REIT's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 3.77%.

One REIT  (TSE:3290) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

One REIT's annualized ROC % for the quarter that ended in Feb. 2026 is calculated as:

ROC % (Q: Feb. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Aug. 2025 ) + Invested Capital (Q: Feb. 2026 ))/ count )
=4707.986 * ( 1 - 0.05% )/( (134340.797 + 135329.414)/ 2 )
=4705.632007/134835.1055
=3.49 %

where

Invested Capital(Q: Aug. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=135376.726 - 1083.756 - ( 3933.521 - max(0, 11841.327 - 11793.5+3933.521))
=134340.797

Invested Capital(Q: Feb. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=134898.514 - 1075.962 - ( 4987.25 - max(0, 13990.29 - 12483.428+4987.25))
=135329.414

Note: The Operating Income data used here is two times the semi-annual (Feb. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

One REIT's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Feb. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Aug. 2025  Q: Feb. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=4523.442/( ( (123290.213 + max(5992.652, 0)) + (122091.492 + max(5624.91, 0)) )/ 2 )
=4523.442/( ( 129282.865 + 127716.402 )/ 2 )
=4523.442/128499.6335
=3.52 %

where Working Capital is:

Working Capital(Q: Aug. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(156.547 + 0 + 7703.432) - (1083.756 + 0 + 783.571)
=5992.652

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(117.755 + 0 + 7377.445) - (1075.962 + 0 + 794.328)
=5624.91

When net working capital is negative, 0 is used.

Note: The EBIT data used here is two times the semi-annual (Feb. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

One REIT's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=5030.828/133529.367
=3.77 %

* 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.

One REIT EBIT Related Terms

One REIT EBIT Historical Data

* Premium members only.

The historical data trend for One REIT's EBIT 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.

One REIT EBIT Chart

One REIT Annual Data
Trend Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4,136.72 3,964.69 4,226.92 4,069.57 4,084.13

One REIT Semi-Annual Data
Aug16 Feb17 Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
EBIT 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 2,019.09 2,065.03 2,386.96 2,769.11 2,261.72

TSE:3290 vs BXP, ARE, VNO: EBIT Comparison

For the REIT - Office subindustry, One REIT's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

One REIT EV-to-EBIT vs REITs Industry

For the REITs industry and Real Estate sector, One REIT's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where One REIT's EV-to-EBIT falls into.


TSE:3290
55GF Score
One REIT Inc TSE:3290
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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One REIT EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Feb. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円5,031 Mil.

* 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 EBIT →
What does a EBIT of 円5,031 Mil mean?
One REIT (TSE:3290) has a EBIT of 円5,031 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on One REIT.
Is One REIT's EBIT too high?
One REIT's current EBIT is 円5,031 Mil. Overall, One REIT has a GF Score™ of 55/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does One REIT's EBIT compare to BXP and ARE?
One REIT's EBIT of 円5,031 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a REITs company?
A good EBIT depends on the REITs industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on One REIT. One REIT's current EBIT is 円5,031 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is One REIT stock overvalued right now?
Based on GuruFocus' analysis, One REIT (TSE:3290) is currently considered Modestly Undervalued. The stock's GF Value™ is 円89,294.41, compared to a current price of 円75,100.00 — trading 15.9% below its estimated fair value. The current EBIT is 円5,031 Mil. One REIT's overall GF Score™ is 55/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For One REIT (TSE:3290), the current EBIT is 円5,031 Mil 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 One REIT (TSE:3290) Overvalued in 2026?

Based on GuruFocus' analysis, One REIT stock appears to be undervalued. The current stock price of 円75,100.00 is trading 15.9% below its estimated GF Value™ of 円89,294.41. GuruFocus considers One REIT to be Modestly Undervalued.

Key valuation signals for TSE:3290:

  • EBIT: 円5,031 Mil
  • GF Value™: 円89,294.41 vs. price of 円75,100.00 (15.9% below fair value)
  • GF Score™: 55/100 with 7 warning signs

No single metric tells the full story. See the TSE:3290 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

One REIT Business Description

Industry Real EstateREITs
Address 1-5-5 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0013
One REIT Inc operates as a real estate investment trust. The company invest in commercial real estate and office buildings in Japan. It operates in a single segment, which is real estate leasing.
55GF Score

Get the complete analysis for TSE:3290

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

円75,100.00
Price
円89,294.41
GF Value