Tokyu Reit (TSE:8957) EBIT: 円10,927 Mil (TTM As of Jan. 2026)


TSE:8957 Tokyu Reit Inc TSE:8957
61 GF Score
Price 円185,100.00
GF Value 円184,740.56
Valuation Fairly Valued
! 5 Warning Signs
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What is Tokyu Reit EBIT?

Tokyu Reit TSE:8957 +1.70% 61 EBIT is 円10,927 Mil as of Jan. 2026. GuruFocus rates TSE:8957 with a GF Score™ of 61/100 and a GF Value™ of 円184,740.56 (Fairly Valued). The stock has 5 warning signs investors should review.

Tokyu Reit's earnings before interest and taxes (EBIT) for the six months ended in Jan. 2026 was 円5,619 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2026 was 円10,927 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Tokyu Reit's annualized ROC % for the quarter that ended in Jan. 2026 was 4.52%. Tokyu Reit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 4.80%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Tokyu Reit's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2026 was 3.98%.


Tokyu Reit  (TSE:8957) EBIT Explanation

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

Tokyu Reit's annualized ROC % for the quarter that ended in Jan. 2026 is calculated as:

ROC % (Q: Jan. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jul. 2025 ) + Invested Capital (Q: Jan. 2026 ))/ count )
=11281.23 * ( 1 - 0.02% )/( (249908.776 + 249528.442)/ 2 )
=11278.973754/249718.609
=4.52 %

where

Invested Capital(Q: Jul. 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))
=244309.28 - 1578.904 - ( 3684.068 - max(0, 14226.935 - 7048.535+3684.068))
=249908.776

Invested Capital(Q: Jan. 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))
=245085.034 - 2265.724 - ( 8766.58 - max(0, 19426.706 - 12717.574+8766.58))
=249528.442

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

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

Tokyu Reit's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jan. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jul. 2025  Q: Jan. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=11237.928/( ( (236081.337 + max(337.532, 0)) + (231242.037 + max(224.288, 0)) )/ 2 )
=11237.928/( ( 236418.869 + 231466.325 )/ 2 )
=11237.928/233942.597
=4.80 %

where Working Capital is:

Working Capital(Q: Jul. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(294.573 + 0 + 3069.894) - (1578.904 + 0 + 1448.031)
=337.532

Working Capital(Q: Jan. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(281.189 + 0 + 3669.805) - (2265.724 + 0 + 1460.982)
=224.288

When net working capital is negative, 0 is used.

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

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

Tokyu Reit's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jan. 2026 )
=10927.394/274683.192
=3.98 %

* 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.


Tokyu Reit EBIT Related Terms


Tokyu Reit EBIT Historical Data

* Premium members only.

The historical data trend for Tokyu 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.

Tokyu Reit EBIT Chart

Tokyu Reit Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8,487.67 12,166.02 11,916.17 9,976.61 10,446.61

Tokyu Reit Semi-Annual Data
Jul16 Jan17 Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jul23 Jan24 Jul24 Jan25 Jul25 Jan26
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 4,817.52 5,159.09 5,138.18 5,308.43 5,618.96

TSE:8957 vs VICI, WPC: EBIT Comparison

For the REIT - Diversified subindustry, Tokyu 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.


Tokyu Reit EV-to-EBIT vs REITs Industry

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

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


TSE:8957
61GF Score
Tokyu Reit Inc TSE:8957
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Tokyu 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 Jan. 2026 adds up the semi-annually data reported by the company within the most recent 12 months, which was 円10,927 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10,927 Mil mean?
Tokyu Reit (TSE:8957) has a EBIT of 円10,927 Mil as of Jan. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Tokyu Reit.
Is Tokyu Reit's EBIT too high?
Tokyu Reit's current EBIT is 円10,927 Mil. Overall, Tokyu Reit has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tokyu Reit's EBIT compare to VICI and WPC?
Tokyu Reit's EBIT of 円10,927 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 Tokyu Reit. Tokyu Reit's current EBIT is 円10,927 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyu Reit stock overvalued right now?
Based on GuruFocus' analysis, Tokyu Reit (TSE:8957) is currently considered Fairly Valued. The stock's GF Value™ is 円184,740.56, compared to a current price of 円185,100.00 — trading 0.2% above its estimated fair value. The current EBIT is 円10,927 Mil. Tokyu Reit's overall GF Score™ is 61/100 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 Tokyu Reit (TSE:8957), the current EBIT is 円10,927 Mil as of Jan. 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 Tokyu Reit (TSE:8957) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyu Reit stock appears to be overvalued. The current stock price of 円185,100.00 is trading 0.2% above its estimated GF Value™ of 円184,740.56. GuruFocus considers Tokyu Reit to be Fairly Valued.

Key valuation signals for TSE:8957:

  • EBIT: 円10,927 Mil
  • GF Value™: 円184,740.56 vs. price of 円185,100.00 (0.2% above fair value)
  • GF Score™: 61/100 with 5 warning signs

No single metric tells the full story. See the TSE:8957 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Tokyu Reit Business Description

Industry Real EstateREITs
Address 1-12-1, Dogenzaka, Shibuya-ku, Tokyo, JPN, 150-0043
Tokyu Reit Inc is a Japanese real estate company. It is engaged in asset investment and management based on principles of growth, stability, and transparency. The company invests predominantly in retail and office properties located in Chiyoda, Chuo, Minato, Shinjuku and Shibuya wards.
61GF Score

Get the complete analysis for TSE:8957

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

円185,100.00
Price
円184,740.56
GF Value