MFS (TSE:196A) EV-to-EBIT: 10.67 (As of Sep. 07, 2026) — 12% 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.

TSE:196A MFS Inc TSE:196A
10 GF Score
Price 円330.00
! 6 Warning Signs
View Full Analysis

What is MFS EV-to-EBIT?

MFS TSE:196A +7.49% 10 EV-to-EBIT is 10.67 as of Sep. 07, 2026, which is 12% below its 10-year median of 12.16. GuruFocus rates TSE:196A with a GF Score™ of 10/100. The stock has 6 warning signs investors should review. Among 38 Banks companies, MFS ranks better than 68.42% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, MFS's Enterprise Value is 円2,411 Mil. MFS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円226 Mil. Therefore, MFS's EV-to-EBIT for today is 10.67.

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

TSE:196A' s EV-to-EBIT Range Over the Past 10 Years
Min: -22.17   Med: 12.16   Max: 81.24
Current: 10.67

During the past 5 years, the highest EV-to-EBIT of MFS was 81.24. The lowest was -22.17. And the median was 12.16.

TSE:196A's EV-to-EBIT is ranked better than
68.42% of 38 companies
in the Banks industry
Industry Median: 24.255 vs TSE:196A: 10.67

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. MFS's Enterprise Value for the quarter that ended in Mar. 2026 was 円1,201 Mil. MFS's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was 円226 Mil. MFS's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 18.82%.


MFS  (TSE:196A) 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) %.

MFS'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 )
=225.933/1200.751
=18.82 %

MFS's Enterprise Value for the quarter that ended in Mar. 2026 was 円1,201 Mil.
MFS'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 円226 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.


MFS EV-to-EBIT Related Terms


MFS EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for MFS'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.

MFS EV-to-EBIT Chart

MFS Annual Data
Trend Jun22 Jun23 Jun24 Jun25 Jun26
EV-to-EBIT
0.00 0.00 -11.33 13.96 8.87

MFS Quarterly Data
Jun22 Jun23 Mar24 Jun24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 13.96 10.41 18.08 11.23 0.00

TSE:196A vs RKT, FNMA, PFSI: EV-to-EBIT Comparison

For the Mortgage Finance subindustry, MFS'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.


MFS EV-to-EBIT vs Banks Industry

For the Banks industry and Financial Services sector, MFS's EV-to-EBIT distribution charts can be found below:

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


TSE:196A
10GF Score
MFS Inc TSE:196A
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MFS EV-to-EBIT Calculation

MFS's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=2411.045/225.933
=10.67

MFS's current Enterprise Value is 円2,411 Mil.
MFS'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 円226 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 10.67 mean?
MFS (TSE:196A) has a EV-to-EBIT of 10.67 as of Sep. 07, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on MFS and its competitors. This is 12% below median its historical median of 12.16. According to the industry distribution chart, MFS ranks #12 out of 38 companies in the Banks industry, placing it in the top 31.6%.
Is MFS's EV-to-EBIT too high?
MFS's current EV-to-EBIT of 10.67 is 12% below median its 10-year median of 12.16. The Banks industry median EV-to-EBIT is 24.26. MFS's value of 10.67 is 56% below this industry median. Based on the distribution chart, MFS ranks #12 out of 38 companies in the Banks industry, which is above the industry midpoint. Overall, MFS has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does MFS's EV-to-EBIT compare to RKT and FNMA?
According to the Banks industry distribution chart, MFS ranks #12 out of 38 companies for EV-to-EBIT. This puts MFS in the upper half of its industry. The industry median EV-to-EBIT is 24.26. MFS's value of 10.67 is 56% below this benchmark. While the company's 10-year median is 12.16 vs. the industry median of 24.26, MFS 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 a Banks company?
The median EV-to-EBIT among Banks companies is 24.26, based on 38 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. MFS's current EV-to-EBIT of 10.67 is 56% 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 MFS and its competitors. For the Banks industry, the median EV-to-EBIT is 24.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MFS's current EV-to-EBIT is 10.67, which is 12% below median its own 10-year median of 12.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MFS stock overvalued right now?
MFS (TSE:196A) has a current EV-to-EBIT of 10.67. The current EV-to-EBIT is 10.67, which is 12% below median its 10-year median of 12.16 and 56% below the Banks industry median of 24.26. MFS's overall GF Score™ is 10/100 with 6 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 MFS (TSE:196A), the current EV-to-EBIT is 10.67 as of Sep. 07, 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.

MFS Business Description

Address 1-6-1 Otemachi, Chiyoda-ku, Tokyo, JPN, 100-0004
MFS Inc is engaged in development and provision of "Mogecheck", an online mortgage service and development and provision of "INVASE", comprehensive real estate investment platform..
10GF Score

Get the complete analysis for TSE:196A

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

円330.00
Price