MIRARTH Real Estate Investment (TSE:3492) EBIT: 円6,437 Mil (TTM As of Feb. 2026)

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TSE:3492 MIRARTH Real Estate Investment Corp TSE:3492
51 GF Score
Price 円82,800.00
GF Value 円103,806.55
Valuation Modestly Undervalued
! 5 Warning Signs
View Full Analysis

What is MIRARTH Real Estate Investment EBIT?

MIRARTH Real Estate Investment TSE:3492 -0.24% 51 EBIT is 円6,437 Mil as of Feb. 2026. GuruFocus rates TSE:3492 with a GF Score™ of 51/100 and a GF Value™ of 円103,806.55 (Modestly Undervalued). The stock has 5 warning signs investors should review.

MIRARTH Real Estate Investment's earnings before interest and taxes (EBIT) for the six months ended in Feb. 2026 was 円3,160 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Feb. 2026 was 円6,437 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MIRARTH Real Estate Investment's annualized ROC % for the quarter that ended in Feb. 2026 was 3.33%. MIRARTH Real Estate Investment's annualized ROC (Joel Greenblatt) % for the quarter that ended in Feb. 2026 was 3.50%.

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


MIRARTH Real Estate Investment  (TSE:3492) EBIT Explanation

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

MIRARTH Real Estate Investment'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 )
=6642.812 * ( 1 - 1.12% )/( (192049.58 + 202070.796)/ 2 )
=6568.4125056/197060.188
=3.33 %

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))
=187435.558 - 937.722 - ( 6114.157 - max(0, 15438.571 - 9886.827+6114.157))
=192049.58

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))
=192291.193 - 962.509 - ( 8919.723 - max(0, 23291.286 - 12549.174+8919.723))
=202070.796

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:

MIRARTH Real Estate Investment'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 )
=6320.726/( ( (176998.213 + max(2734.099, 0)) + (179291.235 + max(2573.165, 0)) )/ 2 )
=6320.726/( ( 179732.312 + 181864.4 )/ 2 )
=6320.726/180798.356
=3.50 %

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)
=(244.101 + 0 + 3528.569) - (937.722 + 0 + 100.849)
=2734.099

Working Capital(Q: Feb. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(224.052 + 0 + 3405.399) - (962.509 + 0 + 93.777000000002)
=2573.165

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:

MIRARTH Real Estate Investment's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Feb. 2026 )
=6436.647/170517.568
=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.


MIRARTH Real Estate Investment EBIT Related Terms


MIRARTH Real Estate Investment EBIT Historical Data

* Premium members only.

The historical data trend for MIRARTH Real Estate Investment'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.

MIRARTH Real Estate Investment EBIT Chart

MIRARTH Real Estate Investment Annual Data
Trend Aug18 Aug19 Aug20 Aug21 Aug22 Aug23 Aug24 Aug25
EBIT
Get a 7-Day Free Trial 3,396.93 3,967.84 4,096.35 4,562.24 6,395.40

MIRARTH Real Estate Investment Semi-Annual Data
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 2,132.99 2,429.25 3,119.11 3,276.28 3,160.36

TSE:3492 vs VICI, WPC: EBIT Comparison

For the REIT - Diversified subindustry, MIRARTH Real Estate Investment'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.


MIRARTH Real Estate Investment EV-to-EBIT vs REITs Industry

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

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


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

MIRARTH Real Estate Investment 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6,437 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6,437 Mil mean?
MIRARTH Real Estate Investment (TSE:3492) has a EBIT of 円6,437 Mil as of Feb. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on MIRARTH Real Estate Investment.
Is MIRARTH Real Estate Investment's EBIT too high?
MIRARTH Real Estate Investment's current EBIT is 円6,437 Mil. 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 EBIT compare to VICI and WPC?
MIRARTH Real Estate Investment's EBIT of 円6,437 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 MIRARTH Real Estate Investment. MIRARTH Real Estate Investment's current EBIT is 円6,437 Mil. 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103,806.55, compared to a current price of 円82,800.00 — trading 20.2% below its estimated fair value. The current EBIT is 円6,437 Mil. 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 EBIT calculated?
EBIT is calculated from a company's financial statements. For MIRARTH Real Estate Investment (TSE:3492), the current EBIT is 円6,437 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 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82,800.00 is trading 20.2% below its estimated GF Value™ of 円103,806.55. GuruFocus considers MIRARTH Real Estate Investment to be Modestly Undervalued.

Key valuation signals for TSE:3492:

  • EBIT: 円6,437 Mil
  • GF Value™: 円103,806.55 vs. price of 円82,800.00 (20.2% below fair value)
  • GF Score™: 51/100 with 5 warning signs

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

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

円82,800.00
Price
円103,806.55
GF Value