TKGSF (Tokyo Gas Co) EV-to-EBIT: 9.36 (As of Jul. 23, 2026) — 37% Below 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.

TKGSF Tokyo Gas Co Ltd TKGSF
74 GF Score
Price $38.20
GF Value $26.29
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Tokyo Gas Co EV-to-EBIT?

Tokyo Gas Co TKGSF 74 EV-to-EBIT is 9.36 as of Jul. 23, 2026, which is 37% below its 10-year median of 14.97. GuruFocus rates TKGSF with a GF Score™ of 74/100 and a GF Value™ of $26.29 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 463 Utilities - Regulated companies, Tokyo Gas Co ranks better than 68.03% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Tokyo Gas Co's Enterprise Value is $19,209 Mil. Tokyo Gas Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $2,053 Mil. Therefore, Tokyo Gas Co's EV-to-EBIT for today is 9.36.

The historical rank and industry rank for Tokyo Gas Co's EV-to-EBIT or its related term are showing as below:

TKGSF' s EV-to-EBIT Range Over the Past 10 Years
Min: 4.45   Med: 14.97   Max: 35.82
Current: 10.11

During the past 13 years, the highest EV-to-EBIT of Tokyo Gas Co was 35.82. The lowest was 4.45. And the median was 14.97.

TKGSF's EV-to-EBIT is ranked better than
68.03% of 463 companies
in the Utilities - Regulated industry
Industry Median: 13.78 vs TKGSF: 10.11

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Tokyo Gas Co's Enterprise Value for the quarter that ended in Mar. 2026 was $20,196 Mil. Tokyo Gas Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $2,053 Mil. Tokyo Gas Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 10.17%.


Tokyo Gas Co  (OTCPK:TKGSF) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Tokyo Gas Co's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=2053.123/20195.991
=10.17 %

Tokyo Gas Co's Enterprise Value for the quarter that ended in Mar. 2026 was $20,196 Mil.
Tokyo Gas Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,053 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.


Tokyo Gas Co EV-to-EBIT Related Terms


Tokyo Gas Co EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Tokyo Gas Co's EV-to-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.

Tokyo Gas Co EV-to-EBIT Chart

Tokyo Gas Co Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.26 4.50 9.27 21.10 11.61

Tokyo Gas Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-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 21.10 11.96 10.68 10.97 11.61

TKGSF vs ATO, NI: EV-to-EBIT Comparison

For the Utilities - Regulated Gas subindustry, Tokyo Gas Co'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.


Tokyo Gas Co EV-to-EBIT vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tokyo Gas Co's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Tokyo Gas Co's EV-to-EBIT falls into.


TKGSF
74GF Score
Tokyo Gas Co Ltd TKGSF
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Tokyo Gas Co EV-to-EBIT Calculation

Tokyo Gas Co's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=19208.989/2053.123
=9.36

Tokyo Gas Co's current Enterprise Value is $19,209 Mil.
Tokyo Gas Co's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,053 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 EV-to-EBIT →
What does a EV-to-EBIT of 9.36 mean?
Tokyo Gas Co (TKGSF) has a EV-to-EBIT of 9.36 as of Jul. 23, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Tokyo Gas Co and its competitors. This is 37% below median its historical median of 14.97. Over the past decade, Tokyo Gas Co's EV-to-EBIT has ranged from 4.45 to 35.82. According to the industry distribution chart, Tokyo Gas Co ranks #148 out of 463 companies in the Utilities - Regulated industry, placing it in the top 32%.
Is Tokyo Gas Co's EV-to-EBIT too high?
Tokyo Gas Co's current EV-to-EBIT of 9.36 is 37% below median its 10-year median of 14.97. Over the past 10 years, this metric has ranged from a low of 4.45 to a high of 35.82. The Utilities - Regulated industry median EV-to-EBIT is 13.78. Tokyo Gas Co's value of 9.36 is 32.1% below this industry median. Based on the distribution chart, Tokyo Gas Co ranks #148 out of 463 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, Tokyo Gas Co has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Tokyo Gas Co's EV-to-EBIT compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Tokyo Gas Co ranks #148 out of 463 companies for EV-to-EBIT. This puts Tokyo Gas Co in the upper half of its industry. The industry median EV-to-EBIT is 13.78. Tokyo Gas Co's value of 9.36 is 32.1% below this benchmark. Historically, Tokyo Gas Co's own EV-to-EBIT has ranged from 4.45 to 35.82 over the past decade. While the company's 10-year median is 14.97 vs. the industry median of 13.78, Tokyo Gas Co has consistently been below 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 EV-to-EBIT for an Utilities - Regulated company?
The median EV-to-EBIT among Utilities - Regulated companies is 13.78, based on 463 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tokyo Gas Co's current EV-to-EBIT of 9.36 is 32.1% below 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Tokyo Gas Co and its competitors. For the Utilities - Regulated industry, the median EV-to-EBIT is 13.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tokyo Gas Co's current EV-to-EBIT is 9.36, which is 37% below median its own 10-year median of 14.97. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tokyo Gas Co stock overvalued right now?
Based on GuruFocus' analysis, Tokyo Gas Co (TKGSF) is currently considered Significantly Overvalued. The stock's GF Value™ is $26.29, compared to a current price of $38.20 — trading 45.3% above its estimated fair value. The current EV-to-EBIT is 9.36, which is 37% below median its 10-year median of 14.97 and 32.1% below the Utilities - Regulated industry median of 13.78. Tokyo Gas Co's overall GF Score™ is 74/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Tokyo Gas Co (TKGSF), the current EV-to-EBIT is 9.36 as of Jul. 23, 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 Tokyo Gas Co (TKGSF) Overvalued in 2026?

Based on GuruFocus' analysis, Tokyo Gas Co stock appears to be overvalued. The current stock price of $38.20 is trading 45.3% above its estimated GF Value™ of $26.29. GuruFocus considers Tokyo Gas Co to be Significantly Overvalued.

Key valuation signals for TKGSF:

  • EV-to-EBIT: 9.36 (37% below median its 10-year median of 14.97)
  • GF Value™: $26.29 vs. price of $38.20 (45.3% above fair value)
  • GF Score™: 74/100 with 3 warning signs
  • Industry Position: 32.1% below the Utilities - Regulated median (#148 of 463)

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


Tokyo Gas Co Business Description

Address 1-5-20 Kaigan, Minato-ku, Tokyo, JPN, 105-8527
Tokyo Gas Co Ltd is a Japanese utility company involved in the production, generation, and supply of natural gas and electricity. Tokyo Gas segments its operations into Gas, Electric Power, Overseas, and Other business units. The company's Gas division generates the vast majority of its total revenue through the supply and sale of natural gas to, namely, the Tokyo metropolitan area and other Japanese urban areas. Tokyo Gas' supply of natural gas is fairly evenly distributed amongst residential, commercial, industrial, and power generation customers. The company's Electric Power business also represents a significant income stream. This division operates a portfolio of cogeneration and natural gas-fired thermal power plants primarily located in the Tokyo area.
74GF Score

Get the complete analysis for TKGSF

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

$38.20
Price
$26.29
GF Value