f-code (TSE:9211) EBITDA Margin %: 20.78% (As of Dec. 2025) — Near Median

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TSE:9211 f-code Inc TSE:9211
76 GF Score
Price 円1,496.00
GF Value 円5,482.81
Valuation Possible Value Trap
! 5 Warning Signs
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What is f-code EBITDA Margin %?

f-code TSE:9211 +0.81% 76 EBITDA Margin % is 20.78% as of Dec. 2025, which is 3% below its 10-year median of 21.48. GuruFocus rates TSE:9211 with a GF Score™ of 76/100 and a GF Value™ of 円5,482.81 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,010 Media - Diversified companies, f-code ranks better than 80.1% on this metric.

EBITDA Margin % is calculated as EBITDA divided by its Revenue. f-code's EBITDA for the three months ended in Dec. 2025 was 円735 Mil. f-code's Revenue for the three months ended in Dec. 2025 was 円3,535 Mil. Therefore, f-code's EBITDA margin for the quarter that ended in Dec. 2025 was 20.78%.


f-code  (TSE:9211) EBITDA Margin % Explanation

EBITDA Margin % is the ratio of EBITDA divided by net sales or Revenue. It is an performance metric measuring company's operating profitability. EBITDA Margin takes depreciation and amortization, interest expense and tax into account, which makes it easy to compare the relative profitability of companies of different sizes in the same industry.


f-code EBITDA Margin % Related Terms


f-code EBITDA Margin % Historical Data

* Premium members only.

The historical data trend for f-code's EBITDA Margin % 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.

f-code EBITDA Margin % Chart

f-code Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EBITDA Margin %
Get a 7-Day Free Trial 23.69 15.85 28.97 29.77 21.48

f-code Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EBITDA Margin % 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 23.82 24.52 17.81 20.78 20.87

TSE:9211 vs APP, OMC, TTD: EBITDA Margin % Comparison

For the Advertising Agencies subindustry, f-code's EBITDA Margin %, along with its competitors' market caps and EBITDA Margin % 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.


f-code EBITDA Margin % vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, f-code's EBITDA Margin % distribution charts can be found below:

* The bar in red indicates where f-code's EBITDA Margin % falls into.


TSE:9211
76GF Score
f-code Inc TSE:9211
EBITDA Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

f-code EBITDA Margin % Calculation

EBITDA margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent.

f-code's EBITDA Margin % for the fiscal year that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=2563.951/11937.987
=21.48 %

f-code's EBITDA Margin % for the quarter that ended in Dec. 2025 is calculated as

EBITDA Margin %=EBITDA (Q: Dec. 2025 )/Revenue (Q: Dec. 2025 )
=734.598/3535.21
=20.78 %

* 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 EBITDA Margin % →
What does a EBITDA Margin % of 20.78% mean?
f-code (TSE:9211) has a EBITDA Margin % of 20.78% as of Dec. 2025. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on f-code and its competitors. This is near median its historical median of 21.48. According to the industry distribution chart, f-code ranks #201 out of 1010 companies in the Media - Diversified industry, placing it in the top 19.9%.
Is f-code's EBITDA Margin % too high?
f-code's current EBITDA Margin % of 20.78% is near median its 10-year median of 21.48. The Media - Diversified industry median EBITDA Margin % is 8.20. f-code's value of 20.78% is 153.6% above this industry median. Based on the distribution chart, f-code ranks #201 out of 1010 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, f-code has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does f-code's EBITDA Margin % compare to APP and OMC?
According to the Media - Diversified industry distribution chart, f-code ranks #201 out of 1010 companies for EBITDA Margin %. This places f-code in the top 20% of its industry — outperforming the majority of peers. The industry median EBITDA Margin % is 8.20. f-code's value of 20.78% is 153.6% above this benchmark. While the company's 10-year median is 21.48 vs. the industry median of 8.20, f-code 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 EBITDA Margin % for a Media - Diversified company?
The median EBITDA Margin % among Media - Diversified companies is 8.20, based on 1,010 companies in the industry. Companies in the top quartile (top 25%) have a EBITDA Margin % significantly above this median, while those in the bottom quartile fall well below. However, EBITDA Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. f-code's current EBITDA Margin % of 20.78% is 153.6% 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 EBITDA Margin % mean?
A high EBITDA Margin % can signal that a stock is expensive relative to its fundamentals. EBITDA Margin is the ratio of EBITDA divided by net sales or Revenue, usually presented in percent. View historical data on f-code and its competitors. For the Media - Diversified industry, the median EBITDA Margin % is 8.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. f-code's current EBITDA Margin % is 20.78%, which is near median its own 10-year median of 21.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is f-code stock overvalued right now?
Based on GuruFocus' analysis, f-code (TSE:9211) is currently considered Possible Value Trap. The stock's GF Value™ is 円5,482.81, compared to a current price of 円1,496.00 — trading 72.7% below its estimated fair value. The current EBITDA Margin % is 20.78%, which is near median its 10-year median of 21.48 and 153.6% above the Media - Diversified industry median of 8.20. f-code's overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBITDA Margin % calculated?
EBITDA Margin % is calculated from a company's financial statements. For f-code (TSE:9211), the current EBITDA Margin % is 20.78% as of Dec. 2025. 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 f-code (TSE:9211) Overvalued in 2026?

Based on GuruFocus' analysis, f-code stock appears to be undervalued. The current stock price of 円1,496.00 is trading 72.7% below its estimated GF Value™ of 円5,482.81. GuruFocus considers f-code to be Possible Value Trap.

Key valuation signals for TSE:9211:

  • EBITDA Margin %: 20.78% (near median its 10-year median of 21.48)
  • GF Value™: 円5,482.81 vs. price of 円1,496.00 (72.7% below fair value)
  • GF Score™: 76/100 with 5 warning signs
  • Industry Position: 153.6% above the Media - Diversified median (#201 of 1010)

No single metric tells the full story. See the TSE:9211 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


f-code Business Description

Address 1-1 Kagurazaka, 2nd Floor, Kagurazaka Sotobori Dori Building, Shinjuku-ku, Tokyo, JPN, 162-0825
f-code Inc is engaged in providing comprehensive consulting services in digital marketing.
76GF Score

Get the complete analysis for TSE:9211

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

円1,496.00
Price
円5,482.81
GF Value